Im Zuge der Analyse jüngerer Finanzkrisen wird auch den Krisen der Vergangenheit vermehrte Aufmerksamkeit zuteil, so auch der deutschen Bankenkrise von 1931. Ein Phänomen, das dabei bisher wenig Beachtung fand, ist der massive Rückkauf eigener Aktien, der im Vorfeld der Krise insbesondere...

Im Zuge der Analyse jüngerer Finanzkrisen wird auch den Krisen der Vergangenheit vermehrte Aufmerksamkeit zuteil, so auch der deutschen Bankenkrise von 1931. Ein Phänomen, das dabei bisher wenig Beachtung fand, ist der massive Rückkauf eigener Aktien, der im Vorfeld der Krise insbesondere...

Im Zuge der Analyse jüngerer Finanzkrisen wird auch den Krisen der Vergangenheitvermehrte Aufmerksamkeit zuteil, so auch der deutschen Bankenkrise von 1931. EinPhänomen, das dabei bisher wenig Beachtung fand, ist der massive Rückkauf eigenerAktien, der im Vorfeld der Krise insbesondere auch...

Old National Bancorp was the first publicly traded bank to buy back its Capital Purchase Program (CPP) warrants. It paid $1.2 million, which is below the low-end of this paper's estimates of the fair market value of the warrants. This paper estimates the warrants are worth between $1.9 and $6.9...

Leading up to the implementation of Basel III, European banks needed to substantially increase their capital ratios. To do this, banks made use of Liability Management Exercises (LMEs) in which they repurchased below-par debt securities. Banks are subject to a prudential filter that excludes...

Share buybacks have become a popular way for companies to return capital to shareholders. However, there is an ongoing debate regarding the impact of share buybacks on the performance and shareholder value. This paper starts by examining the literature on share buybacks and aims at testing the...

The Relationship of the Norddeutsche Wollkämmerei und Kammgarnspinnerei (Nordwolle Group) with the Banks: Research into the relationship between banking and industry has long held the view that banks had dominated their clientele from industry, trade and retailing and they had established a...

The history of German ship mortgage and ship Pfandbrief banks goes back to the end of the First World War. However, the financial crisis from 2007 to 2009 and even more so the current crisis in shipping prevented their business model from coming under increasing criticism. Firstly, this article...

The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...

The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...