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the financial crisis 2008-09 was significantly higher for firms with a "weak" bank than for comparable firms with a "sound …" bank. Second, non-defaulting firms with a "weak" bank did not have a lower return on assets during the financial crisis … 2008-09 than comparable firms with a "sound" bank. Taken together, these results may indicate the presence of heterogeneous …
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This paper runs qualitative and quantitative analyses of the financial soundness of Danish banks. Helped by a series of Denmark's financial policy initiatives, banks have made progress in improving financial stability. However, vulnerabilities remain. To mitigate risks, banks should continue to...
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In this article, I argue that organizations' historical narratives are a basic and important component of their culture and identity, and that these narratives can be resources as well as constraints. I combine a narrative approach with Joanne Martin's three perspective theory of organizational...
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This paper analyses the development in relative efficiency of Danish banks in the period 2001-2012. Using Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) techniques, we find that mean relative efficiency increased during the expansive period 2003-2007, while it decreased...
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