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Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios
von Westernhagen, Natalja; Porath, Daniel; Hayden, Evelyn - 2006
Should banks be diversified or focused? Does diversification indeed lead to enhanced performance and, therefore, greater safety for banks, as traditional portfolio and banking theory would suggest? This paper investigates the link between banks? profitability (ROA) and their portfolio...
Persistent link: https://www.econbiz.de/10010295912
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Banks' equity stakes and lending : evidence from a tax reform
Von Beschwitz, Bastian; Foos, Daniel - 2018
Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10011820943
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Call for a spatial classification of banking systems through the lens of SME finance : decentralized versus centralized banking in Germany as an example
Gärtner, Stefan; Flögel, Franz - 2014
We are calling for comparisons of banking and banking systems from a spatial perspective. Therefore, this paper develops a classification identifying decentralized and centralized banking according to two characteristics: geographical market orientation (regional vs. supraregional) - to...
Persistent link: https://www.econbiz.de/10010380686
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Informed capital in a hostile environment : the case of relational investors in Germany
Schäfer, Dorothea (contributor); Schilder, Dirk (contributor) - 2006
Informed capital is a crucial ingredient to a well-functioning market for start-up finance, especially in times of difficult market conditions. For bank-based systems, the question regarding which investors actually supply informed capital has not yet been answered. To fill this gap, we conduct...
Persistent link: https://www.econbiz.de/10003314893
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The economic and fiscal value of German guarantee banks
Hennecke, Peter; Neuberger, Doris; Ulbricht, Dirk - 2017
Guarantee banks backed by the state aim to close the gap in the financing of small and medium-sized enterprises or start-ups caused by lacking collateral or equity and high information asymmetry. The present study quantifies the economic and fiscal net benefits of guarantee banks in the new...
Persistent link: https://www.econbiz.de/10011701532
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Smart Capital in German Start-Ups - An Empirical Analysis
Schaefer, Dorothea; Schilder, Dirk - 2016
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of smartness is determined by the financial product...
Persistent link: https://www.econbiz.de/10014223675
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Distance and modern banks' lending to SMEs : decentralised versus centralised banking in Germany
Flögel, Franz - 2016
By lending to SMEs at low geographical distance, banks can realise competitive advantage due to enhanced access to soft information that allows the better screening of firms. As especially regional banks lend at a low distance, the decentralised German banking system is deemed ideal for SME...
Persistent link: https://www.econbiz.de/10011800400
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Distance and Modern Banks’ Lending to SMEs : Decentralised versus Centralised Banking in Germany
Flögel, Franz - 2016
By lending to SMEs at low geographical distance, banks can realise competitive advantage due to enhanced access to soft information that allows the better screening of firms. As especially regional banks lend at a low distance, the decentralised German banking system is deemed ideal for SME...
Persistent link: https://www.econbiz.de/10012997462
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The value of a joint liability scheme : estimating group support for German Landesbanken
Käfer, Benjamin - 2015
This paper estimates the funding advantage afforded by the joint liability scheme to German Landesbanken. The advantage …
Persistent link: https://www.econbiz.de/10011302433
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Board accountability and risk taking in banking : evidence from a quasi-experiment
Körner, Tobias - 2012
tightening accountability and legal liability of outside directors. The causal effect of this reform on bank risk is identified … liability regimes. -- Corporate governance ; outside directors ; legal liability ; bank risk … Sparkassen zu verbessern. Insbesondere wurde die Haftung von Verwaltungsratsmitgliedern von Sparkassen verschärft, so dass diese …
Persistent link: https://www.econbiz.de/10009579417