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Determinants of European banks' engagement in loan securitization
Hänsel, Dennis N.; Bannier, Christina E. - 2008
Europäischen Banken in den Jahren 1997-2004. Ziel ist es, Faktoren zu isolieren, die die Entscheidung einer Bank, Kredite zu … Wahrscheinlichkeit, dass eine Bank Kredite verbrieft, umso höher, je größer die Bank, je geringer ihre Liquidität und je höher ihr …
Persistent link: https://www.econbiz.de/10010295947
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Banking Relationships and Access to Equity Capital Markets : Evidence from Japan?s Main Bank System
Kutsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - 2003
goes public, it can engage an investment bank that is related through a common main bank, or can select an alternative … investment bank. The main bank relationship can be an efficient way for the investment bank to acquire information generated by … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …
Persistent link: https://www.econbiz.de/10010263296
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Banking relationships and access to equity capital markets: evidence from Japan's main bank system
Kutsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - 2005
goes public, it can engage an investment bank that is related through a common main bank, or can select an alternative … investment bank. The main bank relationship can be an efficient way for the investment bank to acquire information generated by … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …
Persistent link: https://www.econbiz.de/10010276761
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When and why do Austrian companies issue shares?
Burgstaller, Johann - 2005
This paper examines the issuance of share capital via the Vienna Stock Exchange between 1985 and 2004. Evidence is supplied concerning the aggregate factors that explain the time-series variation in both the numbers of and proceeds from initial public offerings (IPOs) and seasoned equity...
Persistent link: https://www.econbiz.de/10010294543
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Venture mania in Europe: Its causes and consequences
Schertler, Andrea; Stolpe, Michael - 2000
Over the course of the past twenty years, venture capital has fuelled an entrepreneurial revolution - first in the United States and now in Europe's common market -, which has opened new opportunities for technological innovation, capital investment and employment growth. Some of the most...
Persistent link: https://www.econbiz.de/10010295107
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On the decision to go public: Evidence from privately-held firms
Ljungqvist, Alexander; Boehmer, Ekkehart - 2004
We test recent theories of when companies go public which predict that 1) more companies will go public when outside valuations are high or have increased, 2) companies prefer going public when uncertainty about their future profitability is high, and 3) firms whose controlling shareholders...
Persistent link: https://www.econbiz.de/10010295643
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Discriminatory auctions with seller discretion: evidence from German treasury auctions
Rocholl, Jörg - 2005
This paper examines the results of 93 discriminatory German Treasury auctions between 1998 and 2002. It documents the seller's use of discretion and its influence on auction outcomes and bidding strategies. The evidence suggests that the seller uses its discretion frequently and substantially....
Persistent link: https://www.econbiz.de/10010295683
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Who Are the True Venture Capitalists in Germany?
Tykvová, Tereza - 2004
behavior of independent and corporate venture capitalists is more similar to that of US funds whereas bank-dependent and public …
Persistent link: https://www.econbiz.de/10010297317
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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
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Price Discovery for Cross-Listed Securities from Emerging Eastern European Countries
Wölfle, Marco - 2007
This study provides empirical evidence verifying the theory of price discovery for Eastern European enterprises based on their cross-listing on Western European exchanges. Despite the fact that the crosslisting behavior of companies has been analyzed very actively since the mid-70s, many...
Persistent link: https://www.econbiz.de/10010297968