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The paper presents a comprehensive data set of all bonds issued by the sixteen German states (L¨ander) since 1992. It thus provides a complete picture of a capital market comparable in size to funds raised in the German fixed income market for corporations. The quantitative analysis reveals...
Persistent link: https://www.econbiz.de/10010295878
Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit maximisation problem assuming perfect input markets. At...
Persistent link: https://www.econbiz.de/10010295894
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost efficiency (CE). We categorise mergers a success that...
Persistent link: https://www.econbiz.de/10010295905
We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate traditional efficiency scores with stochastic cost and alternative profit frontier analysis. Then, we explicitly allow for different risk preferences and measure efficiency with a...
Persistent link: https://www.econbiz.de/10010295915
positive or negative. On the basis of data at the district level in Germany the conclusions of a previous study about the … einer früheren, für die Niederlande durchgeführten Studie auch auf Deutschland zutreffen. Wie in den Niederlanden erweist … sich auch in Deutschland die medium-tech Industrie als wesentliche Triebkraft der regionalen Wissensbasis während die …
Persistent link: https://www.econbiz.de/10010296597
distribution companies in Germany. We address traditional issues in electricity sector benchmarking, such as the role of scale … effects and optimal utility size, as well as new evidence specific to the situation in Germany This paper applies parametric … and non-parametric and parametric tests to asses the efficiency of electricity distribution companies in Germany. We use …
Persistent link: https://www.econbiz.de/10010296794
implemented in Germany's Statutory Health Insurance system by January 1, 2007. German parliament decided this as with the existing …
Persistent link: https://www.econbiz.de/10010296987
der Profite verschiedener Branchen der Ernährungswirtschaft in Deutschland, den USA sowie den Niederlanden. Aus der … prozyklische Schwankungen der Profite in Deutschland in hochkonzentrierten Branchen, während das Ausmaß der Schwankungen in … Branchen mit niedriger Konzentration in Deutschland sowie in sämtlichen Branchen der USA gering ist. Die Beobachtungen für …
Persistent link: https://www.econbiz.de/10010297118
synchronisation of weekly prices for ten food products in 131 grocery stores in Germany over the period from May 1995 to December 2000 …
Persistent link: https://www.econbiz.de/10010297125
during the period of 1991 to 1999. Using county-level data for 326 regions in western Germany, econometric cross section …
Persistent link: https://www.econbiz.de/10010297136