Showing 1 - 10 of 1,104
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank … regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank …
Persistent link: https://www.econbiz.de/10010459905
Persistent link: https://www.econbiz.de/10001911581
European banks are exposed to a substantial amount of risky sovereign debt. The "missing bank capital" resulting from …-weights. More bank capital as well as positive risk-weighting for sovereign exposures mitigates spillovers. …
Persistent link: https://www.econbiz.de/10011764975
in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations …
Persistent link: https://www.econbiz.de/10008901888
Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...
Persistent link: https://www.econbiz.de/10011443468
Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. … econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 …
Persistent link: https://www.econbiz.de/10011443499
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited....
Persistent link: https://www.econbiz.de/10011444773
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...
Persistent link: https://www.econbiz.de/10011445220
We employ an event study methodology to investigate the stock price reaction around the day of the political decision to include a country-by-country reporting obligation for EU financial institutions. We do not find significant abnormal returns for the banks affected. Sample splits according to...
Persistent link: https://www.econbiz.de/10011821075
Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is … may not want to bear the additional costs. I employ a nested logit model to study the determinants of the main bank … relationship decision by newly established German firms. I find that firms that ask for bank support in case of financial distress …
Persistent link: https://www.econbiz.de/10009732772