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Cost leadership and bank internationalization
Galema, Rients; Koetter, Michael; Liesegang, Caroline - 2013
We adapt a theoretical model from the goods trade literature to test whether banks with a comparative cost advantage are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank-level data on the international activities of all German banks...
Persistent link: https://www.econbiz.de/10010248946
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May the force be with you: Exit barriers, governance shocks, and profitability sclerosis in banking
Koetter, Michael; Müller, Carola; Noth, Felix; Fritz, … - 2018
We test whether limited market discipline imposes exit barriers and poor profitability in banking. We exploit an exogenous shock to the governance of governmen-owned banks: the unification of counties. County mergers lead to enforced governmen-owned bank mergers. We compare forced to voluntary...
Persistent link: https://www.econbiz.de/10011956488
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Borrowers under water! Rare disasters, regional banks, and recovery lending
Koetter, Michael; Noth, Felix; Rehbein, Oliver - 2019
We show that local banks provide corporate recovery lending to firms affected by adverse regional macro shocks. Banks that reside in counties unaffected by the natural disaster that we specify as macro shock increase lending to firms inside affected counties by 3%. Firms domiciled in flooded...
Persistent link: https://www.econbiz.de/10011961604
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May the force be with you : exit barriers, governance shocks, and profitability sclerosis in banking
Koetter, Michael; Müller, Carola; Noth, Felix; Fritz, … - 2019
We test whether limited market discipline imposes exit barriers and poor profitability in banking. We exploit an exogenous shock to the governance of governmen-owned banks: the unification of counties. County mergers lead to enforced governmen-owned bank mergers. We compare forced to voluntary...
Persistent link: https://www.econbiz.de/10011955613
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Borrowers under water! : rare disasters, regional banks, and recovery lending
Koetter, Michael; Noth, Felix; Rehbein, Oliver - 2016
We test if and how banks adjust their lending in response to disaster risk in the form of a natural catastrophe striking its customers: the 2013 Elbe flooding. The flood affected firms in East and South Germany, and we identify shocked banks based on bank-firm relationships gathered for more...
Persistent link: https://www.econbiz.de/10011566474
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Borrowers under water! : rare disasters, regional banks, and recovery lending
Koetter, Michael; Noth, Felix; Rehbein, Oliver - 2016 - This draft: January 29, 2019
We show that local banks provide corporate recovery lending to firms affected by adverse regional macro shocks. Banks that reside in counties unaffected by the natural disaster that we specify as macro shock increase lending to firms inside affected counties by 3%. Firms domiciled in flooded...
Persistent link: https://www.econbiz.de/10011961070
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Financial dependence and industry growth in Europe : better banks and higher productivity
Inklaar, Robert; Koetter, Michael - 2008
Persistent link: https://www.econbiz.de/10003931883
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Margins of international banking : is there a productivity Pecking order in banking, too?
Buch, Claudia M.; Koch, Cathérine; Koetter, Michael - 2009
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10003923511
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Margins of international banking : is there a productivity pecking order in banking, too?
Buch, Claudia M.; Koch, Cathérine; Koetter, Michael - 2009
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10003889133
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The effects of privatization and consolidation on bank productivity : comparative evidence from Italy and Germany
Fiorentino, Elisabetta; De Vincenzo, Alessio; Heid, Frank; … - 2009
activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation. -- Banking …
Persistent link: https://www.econbiz.de/10003813058