Das Firmenkundensegment und die Präsenz auf den internationalen Märkten für gewerblichenHypothekarkredit und der Finanzierung öffentlicher Haushalte gewinnen für die deutschen Hypothekenbankenbis zum Jahr 2007 erheblich an Bedeutung, so das Ergebnis eines Forschungsprojektsder...

Das Firmenkundensegment und die Präsenz auf den internationalen Märkten für gewerblichen Hypothekarkredit und der Finanzierung öffentlicher Haushalte gewinnen für die deutschen Hypothekenbanken bis zum Jahr 2007 erheblich an Bedeutung, so das Ergebnis eines Forschungsprojekts der...

The German mortgage banking market - Results of an empirical study: The corporate client segment as well as the presence in the international market places for commercial real estate lending and for the financing of public sector institutions will considerably gain in importance for German...

We have analysed in this article the risk-yield profile of the new DAXplus Covered- Call-Index of Deutsche Börse AG (German Stock Exchange) in the period from January 1993 to June 2005. It has turned out that, on a risk-adjusted basis, investing in DAXplus Covered Call Certificates was...

This paper investigates whether the stock market reacts to unsolicited ratings for a sample of S&P rated firms from January 1996 to December 2005. We first analyze the stock market reaction associated with the assignment of an initial unsolicited rating. We find evidence that this reaction is...

This paper examines why unsolicited ratings tend to be lower than solicited ratings. Both self-selection among issuers and strategic conservatism of rating agencies may be reasonable explanations. Analyses of default incidences of non-U.S. borrowers between January 1996 and December 2006 show...

We analyze gender differences associated with loan officer performance. Using a unique data set for a commercial bank over the period 1996 to 2006, we find that loans screened and monitored by female loan officers show a statistically and economically significant lower likelihood to turn...