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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...
Persistent link: https://www.econbiz.de/10003178539
are even larger for cooperative banks than for public banks. -- financially distressed firms ; bank lending ; public banks …
Persistent link: https://www.econbiz.de/10003893124
external factors regarding the savings bank’s public owner have strong explanatory power. The better the financial situation of … the public owner, the less likely is the savings bank to distribute profits and to increase payouts, respectively. …
Persistent link: https://www.econbiz.de/10003114169
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10003784658
We study competition in the German interurban bus industry two years after its liberalization in January 2013. In … of market power by incumbents – and derive several recommendations to secure effective competition in the industry. …
Persistent link: https://www.econbiz.de/10011316405
We provide an empirical assessment of the German interurban bus industry two years after its deregulation in January 2013. In addition to a general description of key developments of the industry, we use a unique route-level price data set to study both competitive interaction in general and the...
Persistent link: https://www.econbiz.de/10011316417
Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. … comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 …
Persistent link: https://www.econbiz.de/10011443499
monopoly basis, competition does play a key role on routes with a sufficiently large base of (potential) customers. From a … 24 years old and the presence of intermodal competition by intercity railway services. …
Persistent link: https://www.econbiz.de/10011739013
This paper investigates how competition and firm size affect the relationship between market uncertainty and R …
Persistent link: https://www.econbiz.de/10003650940
their investments. Competition is, however, not localized within a market segment and the class of new or old models, i …
Persistent link: https://www.econbiz.de/10003793986