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dataset on the transparency on merger control in the EU banking sector, we estimate the probability that a bank is taken over … sector. The results indicate that a bank is systematically more likely to be taken over by foreign credit institutions if the … merger control lacks transparency. This is in line with the hypothesis that governments may block crossborder bank merger …
Persistent link: https://www.econbiz.de/10003634823
market. Based on a dataset on the transparency on the supervisory review process of bank mergers in the EU, I estimate the … probability that a bank is taken over as a function of bank and country characteristics and the transparency of merger control …
Persistent link: https://www.econbiz.de/10003922576
banks with foreign affiliates for the years 2002-2011, we study bank internationalization before and during the crisis. Our …
Persistent link: https://www.econbiz.de/10010229888
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put …, some of the recommendations and suggestions made to improve corporate governance in Germany are not legally binding even … for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …
Persistent link: https://www.econbiz.de/10003919056
distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm’s main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank’s portfolio. We test our theoretical predictions for a sample of …
Persistent link: https://www.econbiz.de/10009270085
In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks’ target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...
Persistent link: https://www.econbiz.de/10003178539
Persistent link: https://www.econbiz.de/10001911581
-up firms over the period 2007-2009, we find that high-tech startups are less likely to use bank finance and face more … difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of …-tech start-ups than low-tech start-ups. Start-ups that have their main relation with a small bank use more bank finance and …
Persistent link: https://www.econbiz.de/10009540878
This paper shows that earnings losses after unemployment increase with age. First, older employees start out with relatively high earnings in comparison to employees without employment interruptions several years before the non-employment spell. This earnings advantage turns into a strong...
Persistent link: https://www.econbiz.de/10003728393
Labour market reforms that are designed to stimulate labour supply at the lower end of the wage distribution can never be precisely restricted to affect only the target group. Spillovers to and feedback from other segments of the labour market are unavoidable and may counteract the direct...
Persistent link: https://www.econbiz.de/10003728424