The ongoing debate concerning credit concentration risk is mainly driven by the requirementson credit risk management due to Pillar 2 of Basel II since risks (e.g. concentration risk) that arenot fully captured by Pillar 1 should be adequately considered in the banks’ risk management....

"Coherent" measures of a bank's whole risk capital imply a structure of a bank's optimalcredit portfolio that is independent of its deposits and the expected deposit rate, of expectedbankruptcy costs and of expected costs of regulatory capital...

Beim V. C. (Risikokapital, Wagniskapital) handelt es sich um zeitlich begrenzteKapitalbeteiligungen an jungen, innovativen, nicht börsennotierten Unternehmen, diesich trotz zum Teil unzureichender laufender Ertragskraft durch einüberdurchschnittliches Wachstumspotential auszeichnen. Das...

Using a hand-collected sample of contracts and investment proposals from German venturecapital financing relationships, we analyze specific incentive conflicts. We apply indirect anddirect measures of these problems and extend the “direct” approach by Kaplan and Strömberg(2004) to a four-...

Using a hand-collected sample of contracts and investment proposals from German venturecapital (VC) financing relationships, we find that experienced and or private law/independentVC firms rely to a lesser degree on debt financing and more on certain covenants in VC con-tracting even when we...