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Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10010298692
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10010299073
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put … for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …
Persistent link: https://www.econbiz.de/10010299931
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put … for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …
Persistent link: https://www.econbiz.de/10008494187
This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework, where the regulator is the agent and the taxpayers is the principal. The regulatory agent in addition to maintaining financial stability (the objective of the principal) may...
Persistent link: https://www.econbiz.de/10010297312
This paper examines how capital is determined by German banks. We analyse whether the determinants found in the previous empirical literature hold for the special German banking sector with its three characteristic banking groups of savings banks, cooperative banks and other banks. On the basis...
Persistent link: https://www.econbiz.de/10010297333
bank. The results suggest that capital requirements may only be of second-order importance for banks? capital structures …
Persistent link: https://www.econbiz.de/10010298024
Policymakers regularly rely on public financial institutions and government bodies to provide loans to clean energy projects. However, the market failures that public loan provision addresses and the role it can play in a policy strategy that also features de-risking measures, such as interest...
Persistent link: https://www.econbiz.de/10014420639
We evaluate the impact of a major European state aid program for broadband deployment applied to rural areas in the German State of Bavaria in the years 2010 and 2011. Using difference-in-differences estimation strategies, we find that aided municipalities have - depending on broadband quality -...
Persistent link: https://www.econbiz.de/10011541336
Under ex ante access regulation entrants often claim that access fees are excessive. I show that this is only the case … strictly positive access fee which may exceed the efficient level. Ex post regulation facilitates this type of collusion and …
Persistent link: https://www.econbiz.de/10010298680