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In this paper, we mainly focus on two institutional aspects that are related to financial risk, that is, profiteering and the use of non-fraudulent coins when performing financial transactions. We argue that these two prerequisites were important for the success of the commercially oriented...
Persistent link: https://www.econbiz.de/10013201193
institution aiming at coordinating lender interests in borrower distress. We report three major findings. First, the existence of … distribution of lending shares, and the severity of the distress shock. …
Persistent link: https://www.econbiz.de/10010292626
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost efficiency (CE). We categorise mergers a success that...
Persistent link: https://www.econbiz.de/10010295905
failures neglect the ordinal nature of bank distress. Exploiting the distress database of the Deutsche Bundesbank we … distinguish four different distress events that banks experience. Only the worst entails a bank to exit the market. Weaker orders … of distress are, first, compulsory notifications of the authorities about potential problems, second, corrective actions …
Persistent link: https://www.econbiz.de/10010295922
We investigate the relationship between real estate markets and bank distress among German universal and specialized … bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value …
Persistent link: https://www.econbiz.de/10010298763
This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME …
Persistent link: https://www.econbiz.de/10010303753
We analyze price transparency in a dynamic market with private information and interdependent values. Uninformed buyers compete inter- and intra-temporarily for a good sold by an informed seller suffering a liquidity shock. We contrast public versus private price offers. With two opportunities...
Persistent link: https://www.econbiz.de/10011599593
Background: Cognitive Behavioural Therapy (CBT) reduces distress in multiple sclerosis, and helps manage adjustment … patients with clinical levels of distress at baseline showed an improvement in the position of CBT compared to SL, CBT was … still not cost-effective. Conclusion: Nurse delivered CBT is more effective in reducing distress among MS patients compared …
Persistent link: https://www.econbiz.de/10012010744
fluctuates with respect to (i) different investment horizons and (ii) different periods of distress. The early stage of the … horizons, particularly during the three major distress periods. We also show that despite it is difficult and more costly to … diversify an energy portfolio during distress periods, adding natural gas seems to bring non-marginal diversification benefits. …
Persistent link: https://www.econbiz.de/10014534343
% of sample firms, which employ 8.8% of the sample's employees, become financially distressed. Distress is more frequent … Manufacturing and Wholesale Trading sectors. Listed companies are less likely to enter distress, whereas the correlation between … distress rates and family firm ownership is unclear. …
Persistent link: https://www.econbiz.de/10012260658