Showing 1 - 10 of 92
In this paper, we investigate the claim that German banks are special compared to banks in other industrialised economies. We show that banks are of particular importance to the German economy?as financial intermediary, as lender to the corporate sector, and as part of the corporate governance...
Persistent link: https://www.econbiz.de/10010260503
Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price … estimate CE and PE of German banks between 1993 and 2003. Our main findings are threefold. First, after accounting for …
Persistent link: https://www.econbiz.de/10010295894
The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we … employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the …
Persistent link: https://www.econbiz.de/10010295902
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous …
Persistent link: https://www.econbiz.de/10010295905
In this paper, we show the importance of accounting for heterogeneity among sample firms in stochastic frontier … different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency …
Persistent link: https://www.econbiz.de/10010295908
With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most studies in the field fail to measure the quality of financial intermediation but rather resort to using proxies on the size of financial systems. Moreover, cross-country...
Persistent link: https://www.econbiz.de/10010295910
: levels, rankings, identification of extreme performers, stability over time and correlation to standard accounting …. Furthermore, our results show that accounting for systematic differences among commercial, cooperative and savings banks is … parametric methods. Thus, the implicit assumption of serial independence of bank production in most methods has an important …
Persistent link: https://www.econbiz.de/10010295917
Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor … regarded as troubled to varying degrees before outright closure. But to our knowledge virtually all studies that predict bank … failures neglect the ordinal nature of bank distress. Exploiting the distress database of the Deutsche Bundesbank we …
Persistent link: https://www.econbiz.de/10010295922
We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...
Persistent link: https://www.econbiz.de/10010295929
multiple technology regimes and group membership probabilities. The latter are conditioned on six bank traits of German banks …. Wir ermitteln die Wahrscheinlichkeit der Gruppenzugehörigkeit (GZW) je Bank in Abhängigkeit von sechs individuellen …
Persistent link: https://www.econbiz.de/10010295952