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The effects of industry-level uncertainty on cash holdings : the case of Germany

Baum, Christopher F. (contributor); … - 2006

This paper investigates the link between the optimal level of non-financial firms' liquid assets and industry-level uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as industry-level uncertainty increases the firm will increase its optimal...

Persistent link: https://www.econbiz.de/10003386654

Rating companies with support vector machines

Härdle, Wolfgang (contributor); Moro, R. A. (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002009009

The determinants of debt and (private-) equity financing in young innovative SMEs : evidence from Germany

Schäfer, Dorothea (contributor); Werwatz, Axel (contributor) - 2004 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001972760

The cost channel effect of monetary transmission : how effective is the ECB's low interest rate policy for increasing inflation?

Schäfer, Dorothea; Stephan, Andreas; Hoang, Khanh Trung - 2017 - This version: March 29, 2017

We examine whether monetary transmission during the financial and sovereign debt crisis was dominated by the cost channel or by the demand-side channel effect. We use two approaches to track down the potential passthrough of changes in the monetary policy rate to those in consumer prices. First,...

Persistent link: https://www.econbiz.de/10011630975

Banking competition, good or bad? : The case of promoting micro and small enterprise finance in Kazakhstan

Schäfer, Dorothea (contributor); … - 2005

the European Bank for Reconstruction and Development for Kazakhstan, and investigate which strategy contributes more to …

Persistent link: https://www.econbiz.de/10002830780

The impact of institutions on bank governance and stability : evidence from African countries

Mutarindwa, Samuel; Schäfer, Dorothea; Stephan, Andreas - 2018

This paper sheds new light on how African countries’ legal systems and institutions influence the governance and stability of their banks. We find that institutional factors, in particular the legal family of origin, political stability, contract enforcement and strength of investor protection...

Persistent link: https://www.econbiz.de/10011865442

Institutional diversity in domestic banking sectors and bank stability : a cross-country study

Baum, Christopher F.; Grazzini, Caterina Forti; … - 2020 - This version: May 9, 2020

This paper analyzes the causal relationship between institutional diversity in domestic banking sectors and bank … stability. We use a large bank- and country-level unbalanced panel data set covering the EU member states' banking sectors … of institutional diversity in the domestic banking sector positively affects bank stability. The positive relationship …

Persistent link: https://www.econbiz.de/10012215264