Showing 121 - 130 of 267
Persistent link: https://www.econbiz.de/10015047182
This briefing paper describes and evaluates the law and economics of institution(al) protection schemes. Throughout our analysis, we use Europe's largest such scheme, that of German savings banks, as paradigm. We find strengths and weaknesses: Strong network-internal monitoring and early warning...
Persistent link: https://www.econbiz.de/10013186570
Persistent link: https://www.econbiz.de/10003429774
This study looks at potential windfall profits for the four banking acquisitions in 2023. Based on accounting figures, an FT article states that a total of USD 44bn was left on the table. We see accounting figures as a misleading analysis. By estimating marked-based cumulative abnormal returns...
Persistent link: https://www.econbiz.de/10015279318
This study looks at potential windfall profits for the four banking acquisitions in 2023. Based on accounting figures, an FT article states that a total of USD 44bn was left on the table. We see accounting figures as a misleading analysis. By estimating marked-based cumulative abnormal returns...
Persistent link: https://www.econbiz.de/10015279319
The paper explains the accounting mechanics regarding loan loss provisions (LLP) and introduces the three most important models for loan loss provisioning: the incurred loss model (ILM), the expected credit loss model (ECL) and the counter-cyclical buffer model (CBM). The paper investigates the...
Persistent link: https://www.econbiz.de/10015287052
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We analyze the board of directors' equilibrium strategies for setting CEO incentive pay and overseeing financial reporting and their effects on the level of earnings management. We show that an increase in CEO equity incentives does not necessarily increase earnings management because directors...
Persistent link: https://www.econbiz.de/10004968933
The objective of this paper is to test the hypothesis that in particular financially constrained firms lease a higher share of their assets to mitigate problems of asymmetric information. The assumptions are tested under a GMM framework which simultaneously controls for endogeneity problems and...
Persistent link: https://www.econbiz.de/10004981535
Open-end real estate funds (so called “Offene Immobilienfonds”) play a major role in the German market for securitised real estate investments. Such funds are pools of money from many investors, which are invested in real estate by special investment management companies. This study seeks to...
Persistent link: https://www.econbiz.de/10004984655