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ein Grossteil der Wertschwankungen direkt im Eigenkapital erfasst. Dieser Ansatz stellte jedoch die Puristen vor neue …
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In this paper we investigate the relationship between changes in risk and changes in leverage for a panel of Swiss banks. Using market data for risk and both accounting and market data for capital for the period between 1990 and 2002, we find a positive correlation between changes in capital and...
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