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The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage … include financial crises and are subject to different regulatory regimes (1985–1994, 2005–2014). We find that distressed banks …
Persistent link: https://www.econbiz.de/10012216705
. The first group of firms are those with bank ownership, suggesting lower costs to banks of obtaining information and … external financing costs and liquidity constraints. Findings support the hypothesis of greater investment sensitivity to … liquidity constraints, as well as increased investment sensitivity over time, for the group of independent firms. …
Persistent link: https://www.econbiz.de/10005136704
estimate CE and PE of German banks between 1993 and 2003. Our main findings are threefold. First, after accounting for … systematic differences across banks, mean CE is sensitive to alternative input prices. Second, distortions of mean PE due to … traditional input prices are small. Third, across CE models small cooperative banks located in large western states are identified …
Persistent link: https://www.econbiz.de/10010295894
We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate …
Persistent link: https://www.econbiz.de/10010295915
patterns. The paper also suggests an important role for banks in helping predators accumulate, and avoid the disclosure of …
Persistent link: https://www.econbiz.de/10011608338
banking sector. Precisely, it is questioned whether currently employed systemic risk indicators are able to account for banks … evidence of intra-sectoral behavioral shifts across time. The distinctiveness of banks' behavior in these three episodes …
Persistent link: https://www.econbiz.de/10012140464
in banks' compulsory reports over several years. Therefore, the unique objective of this study is to assess the non …-financial reporting quality (NFRQ) in the mandatory NFR of the 100 largest banks operating in Germany over three years, and identify … banks' mandatory reporting is below average despite displaying significant positive development over the years; and (2 …
Persistent link: https://www.econbiz.de/10014505493
. Furthermore significant differences existed between small and large banks. The business model of small banks was often more …
Persistent link: https://www.econbiz.de/10010377872
Persistent link: https://www.econbiz.de/10010356686
) Retail Fonds, Liquidity Risc, Leverage Ratio, Banks, Principal-Agent Relationship …
Persistent link: https://www.econbiz.de/10010196623