In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks’ target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...

This paper examines how capital is determined by German banks. We analyse whether the determinants found in the previous empirical literature hold for the special German banking sector with its three characteristic banking groups of savings banks, cooperative banks and other banks. On the basis...

The savings banks? decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly exhausted. In this study we examine the determinants of the savings banks? payout...

In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks? target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...

Der ZEW-Finanzmarkttest ist eine seit Dezember 1991 durchgeführte Umfrage, in der monatlich die vorherrschenden Erwartungen über die Entwicklung an den internationalen Finanzmärkten erhoben werden. Insgesamt beteiligen sich rund 350 Analysten an dieser Umfrage, darunter etwa 270 aus Banken...

Aspects of Payout Policy of German Savings Banks The German savings banks' distribution of profits among their public owners (i. e. municipalities and districts) requires that legal criteria are met ensuring the banks' adequate funding via retained profits. In line with the legal framework, our...