Können Märkte nicht als Gradmesser sozialer Kosten fungieren, ergeben sich Fragen, die unmittelbar ins Zentrum der Managementwissenschaften zielen. Diese Beobachtung als Anlass nehmend, will die vorliegende Arbeit Forschungslücken bearbeiten, die sich in Folge der Finanzkrise ergeben haben...

The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany's financial system. Applying the analytical model of...

To what extent do bond market reactions to an unexpected deficit shock depend on state-specific politics? To answer this question, we calculate German state bond spreads over government benchmark paper using information from Datastream for the period 2006-2010. We test for a variety of...