Die außerordentlichen Ausmaße der Subprimekrise haben die Suche nach einer Ursache ausgelöst.Es wurden vielfältige Mechanismen gefunden, die Einflüsse haben. Robert Shillermacht im Kern eher allgemeine Faktoren verantwortlich: „Ich glaube, letztlich war die Ursacheeine Seuche in der...

Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit maximisation problem assuming perfect input markets. At...

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...

This paper uses clinical evidence to show how the German system of corporate control and governance is both more active and more hostile than has previously been suggested. It provides a complete breakdown of ownership and take-over defence patterns in German listed companies and finds highly...