Gegenstand dieses Beitrages sind die organisatorischen Gestaltungsmöglichkeiten des Kreditgeschäftes gemäß MaRisk. Am Beispiel einer repräsentativen Stichprobe von 115 Sparkassen zeigen wir, dass die Aufbauorganisation sowie die Ausgestaltung der geschäftspolitischen Offenlegung in einer...

Using a unique data set on German banks' sector specific loan exposures to the real economy and the corresponding write-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common risk factors, we separate the bank-specific...

This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...