occupational pension insurance (PSVaG) plan in Germany. The study is based on a Merton-type one-factor model, in which we determine …

effects of banking consolidation in Germany. As small and medium sized German companies traditionally almost exclusively rely … banking consolidation in Germany does not have a significant negative impact on the financing of small and medium …

The situation of a limited availability of historical data is frequently encountered in portfolio risk estimation …, especially in credit risk estimation. This makes it, for example, difficult to find temporal structures with statistical … selected macroeconomic variables. These findings may improve the estimation of risk measures such as the (portfolio) Value at …

Relationship lending is a common practice in credit financing all over the world, particularly in Germany. On the basis … study analyses the determinants of relationship lending in Germany. We find that small, young and R&D-intensive firms tend …