Search Results - subject_exact:"Eigenkapital"

A structural model of capital buffer usability

Lang, Jan Hannes; Menno, Dominik - 2026

Under which conditions do usability constraints for regulatory capital buffers emerge? To answer this question, we build a non-linear structural banking sector model with a minimum capital requirement that banks are not allowed to breach, and a capital buffer requirement (CBR) that banks can...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015605600

Token financing vs. equity and crowdfunding

Baranes, Edmond; Hege, Ulrich; Kim, Jin-Hyuk - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637923

Expecting the unexpected : voluntary sensitivity risk disclosure and the cost of equity capital

Li, Yong - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650689

Spatial productivity disparities in Great Britain

Distefano, Mimosa; Donnat, Hélène; Overman, Henry G.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651172

Differentiated deleveraging : how do banks respond to capital ratios and capital requirements?

Bun, Maurice J. G.; Cuijpers, Eric - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652048

Stakeholder-centric corporate misconduct and financing policies : a precautionary tale

Attig, Najah; El Ghoul, Sadok; Hossain, Ashrafee Tanvir - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015559066

Calibrating the positive neutral and overall CCyB : a macroprudential stress testing approach

Mikaliūnaitė-Jouvanceau, Ieva - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015669004

Will unicorns be born in Japan?$ba comparative study of private equity market development and policy reforms

Tadokoro, Hajime; Honjo, Yiji - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667794

A static capital buffer is hard to beat

Canzoneri, Matthew B.; Diba, Behzad; Guerrieri, Luca; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668541

How do credit unions adjust their capital ratios? : evidence from Brazil

Zancan, Flávia; Moraes, Marcelo Botelho da Costa - 2026

The purpose of this paper is to analyze the speed at which credit unions adjust their capital ratios.The systemic Generalized Method of Moments (GMM-Sys) was applied to 704 Brazilian individual credit unions from 2014 to 2022, with a total of 5,864 observations.The results indicate that the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644821

Making your own rules : contractual flexibility and entrepreneurial success

Beaumont, Paul H.; Hombert, Johan; Matray, Adrien - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060512

Balancing financial stability and credit access : the role of Capital Buffers and bail-in instruments in Indonesian banking

Khoiriah, Titi; Rokhim, Rofikoh; Wibowo, Buddi - 2026

The 2008 financial crisis pushed policymakers around the world to rethink how banks could manage risk, leading to the implementation of stricter regulations, including capital buffers and bail-in mechanisms, aimed at making the financial system more resilient. This study examines how three key...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061650

Investment-based costs of equity

Liu, Yicheng; Xue, Chen; Zhang, Lu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016071104

Show one more version 1

Investment-based Costs of Equity

Liu, Yicheng; Xue, Chen; Zhang, Lu - 2026

Book / Working Paper

AI-augmented capital-skill complementarity

Luduvice, André Victor Doherty; Pinheiro, Roberto - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016089398

Front-loading the decommissioning of dirty capital

Basu, Deepankar - 2026

This paper analyzes the dynamic decommissioning of dirty capital stock within an optimal control framework over a finite planning horizon. Abstracting from clean capital bottlenecks, I establish that the social planner's optimal trajectory requires structural front-loading: an immediate, high...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016092360

Capital-skill complementarity beyond firm boundaries

Bijnens, Gert; Humlum, Anders; Vanormelingen, Stijn - 2026

New machinery has long been argued to raise the relative demand for skilled labor, yet firm-level evidence finds no such shift at investing firms. We resolve this puzzle by looking beyond firm boundaries. Linking Belgian data on capital investments, buyer–supplier transactions, and worker...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016091999

Öffentliche Beteiligungsgesellschaften zur effizienten Finanzierung der Infrastruktur und Daseinsvorsorge

Kaczmarczyk, Patrick; Krebs, Tom - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438200

Assessing the economic impact of EIF-supported equity financing: The case of Lower-Mid Market

Bertoni, Fabio; Colombo, Massimo G.; Montanaro, Benedetta; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466710

Capital ratios and the Weighted Average Cost of Capital : evidence from Chilean banks

Cifuentes, Rodrigo; Gómez, Tomás; Jara R., Alejandro - 2025

This paper finds that an additional percentage point in the ratio of Common Equity Tier 1 (CET1) capital to risk-weighted assets is associated with an increase in the Weighted Average Cost of Capital (WACC) of Chilean banks by a maximum of only 11.7 basis points. This result is found by...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358020

The role of equity capital in speeding cleantechs across the "Valley of Death"

O'Reilly, Seán; Mac an Bhaird, Ciarán; Greene, Francis J. - 2025

This study advances the understanding of cleantech commercialisation by adopting a market validation approach to analyse equity capital’s role in navigating the ‘Valley of Death’. Focusing on the three core financial milestones – revenue generation, profitability and retained earnings...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015191798

Token-based crowdfunding : investor choice and the optimal timing of initial coin offerings

Drobetz, Wolfgang; Hornuf, Lars; Momtaz, Paul P.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015179726

Equity financing in a banking crisis : evidence from private firms

Kochen, Federico - 2025

To what extent can private firms' external equity substitute for debt financing in a banking crisis? To answer this question, I use firm-level data and firm-bank linkages to estimate the causal effect of an imported lending cut from a large German bank on firms' capital structure and real...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015179796

Bank economic capital

Hirtle, Beverly J.; Plosser, Matthew C. - 2025

Conventional measures of bank solvency fail to account for the unique liquidity risks posed by deposits. Using public regulatory data, we develop a novel measure, economic capital, that jointly quantifies the impact of credit, liquidity, and market risk on bank solvency. We validate that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015329950

What sources of finance are firms least likely to use?

Cowling, Marc; Yang, Huan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015422721

Technical development of countercyclical capital buffer implementation in Mongolia's banking sector

Oyungerel, Enkhbaatar; Erdenebileg, Urangoo - 2025

This paper attempts to develop a framework for implementing the Countercyclical Capital Buffer (CCyB) in Mongolia's banking sector by identifying early warning indicators of systemic risk and examining the impact of capital adequacy on bank lending. Using quarterly data from 2000 to 2024, the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015423905

Assessing the economic impact of EIF-supported equity financing : the case of Lower-Mid Market

Bertoni, Fabio; Colombo, Massimo G.; Montanaro, Benedetta; … - 2025

This working paper assesses the economic impact of EIF-supported equity investments in the Lower Mid-Market (LMM) segment across Europe between 2007 and 2023. Using advanced causal inference techniques, the study compares over 1,700 investee firms with a matched control group to isolate the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015463150

Estimation of capital stock and the elasticity of capital-labor substitution in provincial industries in China

Zhang, Hao; Wang, Feng; Fan, Wenna; Jiang, Hongfei; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015465828

Geopolitical risk, cost of equity, and bank lending: evidence from the Ukrainian war

Sanders, Emiel; Vander Vennet, Rudi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466650

Capital requirements : a pillar or a burden for bank competitiveness?

Behn, Markus; Reghezza, Alessio - 2025

This paper examines the relationship between capital requirements, capital ratios and bank competitiveness - measured as profit efficiency. Using data envelopment analysis techniques, profit efficiency scores were estimated for a sample of listed significant institutions directly supervised by...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467487

Effect of the countercyclical capital buffer on firm loans : evidence from Germany

Kerola, Eeva; Norring, Anni - 2025

We use confidential loan-level data from the European Central Bank to investigate how changes in the countercyclical capital buffer requirement in Germany affect lending to firms. We find evidence showing that tightening the countercyclical capital buffer leads German banks to reduce the volume...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015448564

Central bank capital and shareholder relationship

Bonetti, Matteo; Broeders, Dirk; Chen, Damiaan H. J.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015449027

Carbon risk and the cost of equity capital : evidence from China

Yan, Jingjing; Guo, Yaoqi; Wen, Fenghua - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015453855

From risk to buffer : calibrating the positive neutral CCyB rate in the euro area

Herrera, Luis; Pirovano, Mara; Scalone, Valerio - 2025

This paper proposes a novel yet intuitive method for the calibration of the CCyB through the cycle in the euro area, including the positive neutral CCyB rate. The paper implements the Risk-to-Buffer framework by Couaillier and Scalone (2024) in both a DSGE and macro time series setting and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015434484

Öffentliche Beteiligungsgesellschaften zur effizienten Finanzierung der Infrastruktur und Daseinsvorsorge

Kaczmarczyk, Patrick; Krebs, Tom - 2025

Wie lassen sich Infrastrukturprojekte finanzieren, ohne Haushalte und Unternehmen zu überlasten? Während viele Ökonomen und Berater für die Mobilisierung von privatem Kapital plädieren, schlagen Patrick Kaczmarczyk und Tom Krebs ein Modell öffentlicher Beteiligungsgesellschaften vor, das...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015437261

Debt, equity, and the pecking order : evidence from financing decisions of dividend-paying firms

Kakouris, Konstantinos; Psychoyios, Dimitrios - 2025

This study investigates whether, and to what extent, dividend-paying firms follow pecking order behavior when altering their capital structure. Using a panel of 3173 U.S. firms from 1960 to 2020 (49,424 firm-year observations), we examine four financing activities: equity and debt issuance under...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015457881

The impact of carbon emission trading system on the implied cost of equity capital

Li, Donghui; Zhang, Zhanxiang; Gao, Xin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459516

Environmental violation and cost of equity capital : evidence from Europe

Bhuiyan, Md. Borhan Uddin; Man, Yimei - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459879

Improved methods for identifying the operational determinants of a bank's capital ratio

Vong, Anna P. I.; Trigueiros, Duarte - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015443134

Stock market liberalization and capital misallocation

Zhao, Xiaoxue; Hornstein, Abigail S. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015443218

New estimates of the marginal product of capital, 1970-2017

Mello, Marcelo de Albuquerque e - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015608666

Rethinking Macroprudential Capital Buffers

Miettinen, Paavo - 2025

Growing experience since the global financial crisis suggests that there is benefit to both advanced and emerging economies from having releasable capital buffers. Building such buffers in normal times enables policymakers to support lending in the face of shocks irrespective of whether stress...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613349

The cost of equity capital and investment sensitivity to the cash flows : evidence from Jordanian industrial companies

Ismail, Marah Bani; Ismaeel, Bader - 2025

This study aimed to examine the impact of the cost of equity on the sensitivity of investment to cash flows by utilizing cross-sectional time series data (Panel Data). The sample consisted of 25 industrial companies listed on the Amman Stock Exchange (ASE) from 2010 to 2020, encompassing a total...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613475

Taxing capital in the presence of trickle-down effects

Mayr, Lukas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613696

Barriers to global capital allocation

Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613972

Do female directors affect the cost of equity capital?

Bhuiyan, Md. Borhan Uddin; Nadeem, Muhammad - 2025

We investigate the effect of female directors on the firm cost of equity capital.We employ several analytical techniques, including univariate analysis, Ordinary Least Square regressions, and propensity score matching methodology. Our sample consists of US public firms from 2004-2018.We find...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015550974

The bank liquidity creation and equity capital puzzle

Berger, Allen N.; Guo, Jiarui; Li, Xinming; Wang, Aluna; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015551517

How do banks build equity capital?

Gordon, Lily; Hirtle, Beverly J. - 2025

We examine the evolution of equity capital in the U.S. banking industry over the past 35 years. Earnings are the major driver of increases in equity capital in the banking industry. While common stock issuance is frequent, amounts issued are generally small and do not contribute meaningfully to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015558092

Gender diversity and cost of equity capital : evidence from an emerging market

Gaio, Luiz Eduardo; Stefanelli, Nelson Oliveira - 2025

Purpose - This study examines the relationship between board gender diversity and the cost of equity among publicly traded Brazilian companies. Design/methodology/approach - The sample includes Brazilian firms listed on B3 from 2010 to 2023. This study estimated linear and nonlinear regression...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015558108

Research on the impact of cost of equity capital on firm new quality productive forces in China

Wei, Gang; Hongrui, Zhu - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641337

The impact of ESG reporting on the cost of equity capital in India : the moderating role of external auditors

Patro, Archana; Mishra, Geeti; Lee, Cheng-Hsun - 2025

This study examines the association between ESG reporting and the cost of equity capital, focusing on the influence of Big 4 auditors. Using 2,454 firm-year observations in India from 2016 to 2021, we find that higher ESG scores relate to lower costs of equity capital. Also, the main analysis...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637413