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Blockholdings and corporate governance in the EU banking sector

Köhler, Matthias (contributor) - 2008

Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in … governance in the EU banking sector. This paper analyzes the efficiency of shareholder control and hostile takeovers as corporate … governance mechanisms in the EU banking sector against the background of the regulatory environment and differences in the …

Persistent link: https://www.econbiz.de/10003793860

Merger control as barrier to EU banking market integration

Köhler, Matthias - 2009

protect domestic banks from foreign investors. A survey of the EU Commission indicates that the misuse of supervisory powers … and political interference is not only a barrier to cross-border consolidation in Italy, but in other EU countries as well … transparency of merger control. The main source of information is a questionnaire that was sent to the supervisors in the 25 EU …

Persistent link: https://www.econbiz.de/10003918454

Transparency of regulation and cross-border bank mergers

Köhler, Matthias - 2010 - Rev.

There is ample anecdotal evidence that political influence constitutes a barrier to the integration of the EU banking … market. Based on a dataset on the transparency on the supervisory review process of bank mergers in the EU, I estimate the …

Persistent link: https://www.econbiz.de/10003922576

Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

currently existing fine level of the EU Guidelines is too low to achieve optimal deterrence. -- cartels ; overcharges ; Europe …

Persistent link: https://www.econbiz.de/10009572459

How does the domiciliation decision affect mutual fund fees?

Lang, Gunnar; Köhler, Matthias - 2011

In this paper, we analyze whether the domiciliation decision of mutual funds has an impact on fund fees. To explain the fee price-setting of mutual funds, we consider characteristics specific to funds, fund companies, and countries. We find that fees vary considerably across fund types and...

Persistent link: https://www.econbiz.de/10009510386

Cartel enforcement in the European Union : determinants of the duration of investigations

Hüschelrath, Kai; Laitenberger, Ulrich; Smuda, Florian - 2012

We provide an empirical assessment of EC cartel enforcement decisions between 2000 and 2011. Following an initial characterisation of our dataset, we especially investigate the determinants of the duration of cartel investigations. We are able to identify several key drivers of investigation...

Persistent link: https://www.econbiz.de/10009661203

Do cartel breakdowns induce mergers? : evidence from EC cartel cases

Hüschelrath, Kai; Smuda, Florian - 2013

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the average number of all merger transactions increase...

Persistent link: https://www.econbiz.de/10009751721

Determinants of the duration of European appellate court proceedings in cartel cases

Smuda, Florian; Bougette, Patrice; Hüschelrath, Kai - 2014

The duration of appellate court proceedings is an important determinant of the efficiency of a court system. We use data of 234 firm groups that participated in 63 cartels convicted by the European Commission between 2000 and 2012 to investigate the determinants of the duration of the subsequent...

Persistent link: https://www.econbiz.de/10010405065

The appeals process : an empirical assessment

Hüschelrath, Kai; Smuda, Florian - 2014

The appeals process – whereby the losing party of an administrative or judicial decision can seek reconsideration of their arguments before a higher institution – is an important mechanism to correct legal errors and to improve existing laws and regulations. We use data of 467 firm groups...

Persistent link: https://www.econbiz.de/10010405992

Determinants of self-reporting under the European corporate leniency program

Hoang, Cung Truong; Hüschelrath, Kai; Laitenberger, Ulrich - 2014

We empirically investigate the determinants of self-reporting under the European corporate leniency program. Applying a data set consisting of 442 firm groups that participated in 76 cartels decided by the European Commission between 2000 and 2011, we find that the probability of a firm becoming...

Persistent link: https://www.econbiz.de/10010385205