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Number of bank relationships: An indicator of competition, borrower quality, or just size?

Machauer, Achim; Weber, Martin - 2000

In this study the firms' choice of the number of bank relationships is analyzed with respect to influential factors like borrower quality, size and the existence of a close housebank relationship. Then, the number of bank relationships is used as a proxy to examine if bank competition is...

Persistent link: https://www.econbiz.de/10010298221

Information production in credit relationship: On the role of internal ratings in commercial banking

Brunner, Antje; Pieter, Jan; Weber, Martin - 2000

This paper discusses the role of internal corporate ratings as a means by which commercial banks condense their informational advantage and preserve it vis-à-vis a competitive lending market. In drawing on a unique data set collected from leading universal banks in Germany, we are able to...

Persistent link: https://www.econbiz.de/10010298222

The comovement of credit default swap, bond and stock markets: An empirical analysis

Norden, Lars; Weber, Martin - 2004

This paper analyzes the empirical relationship between credit default swap, bond and stock markets during the period 2000-2002. Focusing on the intertemporal comovement, we examine weekly and daily lead-lag relationships in a vector autoregressive model and the adjustment between markets caused...

Persistent link: https://www.econbiz.de/10010298261

Heterogeneity of Investors and Asset Pricing in a Risk-Value World

Franke, Günter; Weber, Martin - 2001

Persistent link: https://www.econbiz.de/10010324093

Willingness-to-pay and willingness-to-accept for state contingent claims

Eisenberger, Roselies; Weber, Martin - 1993

Former studies have shown that people tend to give buying prices that are lower than selling prices. In our study we investigate if this willingness to accept and willingness to pay disparity sustains for state contingent claims. Contingent claims are defined using risky, ambiguous, and...

Persistent link: https://www.econbiz.de/10011594597

Recent developments in modelling preferences: Uncertainty and ambiguitiy

Camerer, Colin F.; Weber, Martin - 1991

In subjective expected utility (SEU) the decision weights people attach to events are their beliefs about the likelihood of events. Much empirical evidence, inspired by Ellsberg (1961) and others, shows that people prefer to bet on events they know more about, even when their beliefs are held...

Persistent link: https://www.econbiz.de/10011653566

The disposition effect in securities trading: An experimental analysis

Weber, Martin; Camerer, Colin F. - 1991

The "disposition effect" is the tendency to sell assets that have gained value ("winners") and keep assets that have lost value ("losers"). Disposition effects can be explained by two elements of prospect theory: The idea that people value gains and losses relative to the initial purchase price...

Persistent link: https://www.econbiz.de/10011653567

Judged knowledge and ambiguity aversion

Keppe, Hans-Jürgen; Weber, Martin - 1991

Competence has been recently proposed as an explanation for the degree of ambiguity aversion. Using general knowledge questions we presented subjects with simple lotteries in which they could bet on an event and against the same event. We show that the sum of certainty equivalents for both bets...

Persistent link: https://www.econbiz.de/10011653568

Testing choquet expected utility

Mangelsdorff, Lukas; Weber, Martin - 1992

. Wir untersuchen empirisch die Theorien, die Entscheidungsverhalten bei Ambiguität durch nicht … werden nur teilweise bestätigt. Abschließend wird gezeigt, daß die Choquet-Erwartungsnutzentheorie das Entscheidungsverhalten …

Persistent link: https://www.econbiz.de/10011653573

Risiko und Akzeptanz von Industrieansiedlungen: Eine empirische Studie

Burgemeister, Jörg; Weber, Martin - 1992

Akzeptanz einer Ansiedlung sind von den Bürgern subjektiv wahrgenommene Risiken und Nutzen der Ansiedlung von erheblicher … Bedeutung. In einer Fragebogenstudie haben wir untersucht, wie Personen die Nutzen und Risiken von Industrieansiedlungen … einschätzen, inwieweit sie Absiedlungen akzeptieren, welche Bestimmungsfaktoren ihren Risiko- und Akzeptanzurteilen zugrundeliegen …

Persistent link: https://www.econbiz.de/10011653578