Showing 1 - 10 of 944
In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...
Persistent link: https://www.econbiz.de/10003941710
The global financial crisis has brought to an end a rather unprecedented period of banks’ international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...
Persistent link: https://www.econbiz.de/10010229888
This paper analyzes the distribution of discretionary transfers from higher tiers of government in the process of fiscal adjustment in local jurisdictions which were hit by a negative revenue shock in formula transfers. Spanish local governments experienced a 30% fall in their revenue-sharing...
Persistent link: https://www.econbiz.de/10011499738
Persistent link: https://www.econbiz.de/10001701678
This paper investigates the long-term trend and the underlying determinants of public sector centralization in Germany … the case of Germany. …
Persistent link: https://www.econbiz.de/10003025562
The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was … situation and how the crisis unfolded in Germany, before focusing on the situation of public finances. Finally, we analyse the …
Persistent link: https://www.econbiz.de/10011286043
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison … of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on … firm value proxied by ratings in Western Germany, but a negative impact in Eastern Germany. We also consider future …
Persistent link: https://www.econbiz.de/10003328090
general as well as in technology- and knowledge-intensive subsectors. We compare Germany and Portugal which exhibit, though EU … results for Germany reveal exactly the opposite effect. These results suggest that both specialization and diversity theories …
Persistent link: https://www.econbiz.de/10003888000
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10003893124
Less than half of the people with migration background living in Germany possess foreign citizenship. Hence, using … use of citizenship, estimates are presented in comparison to foreigner and German citizens. The results show that persons … Germany lead to better earnings prospects compared to degrees obtained abroad for persons with migration background …
Persistent link: https://www.econbiz.de/10003480018