@article{20867, abstract = {{This study examines the loan-pricing behavior of German banks for a large variety of retail and corporate loan products. We find that a bank’s operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational efficiency leads to lower loan markups, which makes prices more competitive and smoothes the setting of interest rates. By employing state-of-the-art stochastic frontier efficiency measures to capture a bank’s operational efficiency, we take a look at the bank customers’ perspective and demonstrate the extent to which borrowers benefit from cost-efficient banking.}}, author = {{Sievers, Sönke and Schlüter, Tobias and Busch, Ramona and Hartmann-Wendels, Thomas}}, journal = {{ Credit and Capital Markets – Kredit und Kapital (VHB-JOURQUAL 3 Ranking C)}}, number = {{1}}, pages = {{93--125}}, title = {{{Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?}}}, doi = {{10.3790/ccm.49.1.93}}, volume = {{49}}, year = {{2016}}, } @article{4586, abstract = {{This study examines the loan-pricing behavior of German banks for a large variety of retail and corporate loan products. We find that a bank’s operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational efficiency leads to lower loan markups, which makes prices more competitive and smoothes the setting of interest rates. By employing state-of-the-art stochastic frontier efficiency measures to capture a bank’s operational efficiency, we take a look at the bank customers’ perspective and demonstrate the extent to which bor-rowers benefit from cost-efficient banking. }}, author = {{Schlueter, Tobias and Busch, Ramona and Sievers, Soenke and Hartmann-Wendels, Thomas}}, journal = {{Credit and Capital Markets--Kredit und Kapital}}, keywords = {{interest rate pass-through models, error correction models, bank efficiency, cost efficiency, stochastic frontier analysis}}, number = {{1}}, pages = {{93--125}}, title = {{{Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?}}}, doi = {{10.3790/ccm.49.1.93}}, volume = {{49}}, year = {{2016}}, } @book{4714, author = {{König, Rolf and Sureth-Sloane, Caren}}, publisher = {{Verlag Neue Wirtschafts-Briefe, Herne}}, title = {{{Besteuerung und Rechtsformwahl}}}, year = {{2016}}, } @techreport{4715, author = {{Niemann, Rainer and Sureth-Sloane, Caren}}, title = {{{Does Capital Tax Uncertainty Delay Irreversible Risky Investment?}}}, volume = {{209}}, year = {{2016}}, } @article{4739, author = {{Ortmann, Regina and Sureth-Sloane, Caren}}, journal = {{Journal of Business Economics}}, number = {{5}}, pages = {{441--475}}, title = {{{Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?}}}, doi = {{10.1007/s11573-015-0780-6}}, volume = {{86}}, year = {{2016}}, } @techreport{5020, author = {{Hegemann, Annika}}, title = {{{Hemmt die Veräußerungsgewinnbesteuerung unternehmerische Flexibilität?}}}, volume = {{203}}, year = {{2016}}, } @phdthesis{5021, author = {{Hegemann, Annika}}, publisher = {{Universität Paderborn}}, title = {{{ Investitionszeitpunktentscheidungen bei Veräußerungsgewinnbesteuerung}}}, year = {{2016}}, } @techreport{5022, abstract = {{The Organisation for Economic Co-Operation and Development (OECD) recently proposed an interest barrier to fight tax base erosion and profit shifting (BEPS). We use the introduction of such an interest deductibility restriction in Germany as a quasi-experiment and find significant corporate capital structure responses. Using single entity financial statements and a detailed matching approach, we find evidence that companies that are affected by the interest barrier reduce their leverage by 4.7 percentage points more than non-affected companies. The effects are stronger among non-financially constrained firms. Our results imply that interest barrier effects on capital structure have so far been heavily underestimated.}}, author = {{Alberternst, Stephan and Sureth-Sloane, Caren}}, title = {{{Interest Barrier and Capital Structure Response}}}, volume = {{206}}, year = {{2016}}, } @techreport{5023, author = {{Alberternst, Stephan}}, title = {{{Relevanz der deutschen Zinsschranke für Einzelunternehmer und Personengesellschaften - eine dynamische Analyse der Betroffenheit}}}, volume = {{207}}, year = {{2016}}, } @phdthesis{5024, author = {{Alberternst, Stephan}}, publisher = {{Universität Paderborn}}, title = {{{Die deutsche Zinsschranke : Betroffenheit, Wirksamkeit und ökonomische Konsequenzen}}}, year = {{2016}}, } @article{5130, abstract = {{Unternehmen, die regelmäßig ihr Geschäftsfeldportfolio durch aktives M&A-Geschäft in Form von Verkäufen und Käufen steuern, erzielen deutlich bessere Ein- und Zweijahresrenditen für Aktionäre als alternative M&A-Strategien. Ursächlich hierfür ist u.a., dass die bekannten Effekte in Form von Abschlägen für z.B. diversifizierende Transaktionen oder Stock-Deals deutlich geringer ausfallen als bei Vergleichsgruppen wie z.B. One-Time-Deal Unternehmen. Dieser Beitrag analysiert die Gründe für den Erfolg von Portfoliomastern, Unternehmen die mehr als vier Deals in fünf Jahren durchführen. Durch ein professionalisiertes M&A-Management grenzen sie sich positiv in ihrer mittel- und langfristigen Renditeentwicklung gegenüber Strategic-Shiftern (zwei bis vier Deals) und One-Timern ab. Ihr Erfolg beruht darauf sowohl bei diversifizierenden als auch Stock-Deals bekannte übliche Performanceabschläge zu vermeiden und auch in volatilen Markphasen wertschaffende Deals umzusetzen.}}, author = {{Sievers, Sönke and Mehring, Oliver and Keienburg, Georg and Kengelbach, Jens}}, journal = {{Corporate Finance (VHB-JOURQUAL 3 Ranking D)}}, keywords = {{M&A, Erfolgsfaktoren, Transaktionsanzahl, Diversifizierung, Volatilität, Cash-Deals, Stock-Deals, Portfoliomaster}}, number = {{9}}, pages = {{283--290}}, publisher = {{Corporate Finance}}, title = {{{Erfolgsfaktoren bei Mergers and Acquisitions – Warum schaffen Portfoliomaster mehr Value Added?}}}, volume = {{81}}, year = {{2016}}, } @techreport{5200, author = {{Kengelbach, Jens and Keienburg, Georg and Schmid, Timo and Sievers, Sönke and Mehring, Oliver}}, publisher = {{The Boston Consulting Group, Inc., M&A Report}}, title = {{{Masters of the Corporate Portfolio}}}, year = {{2016}}, } @article{1450, author = {{Pelster, Matthias and Hagemann, Vera and Laporte Uribe, Franziska}}, issn = {{1175-5652}}, journal = {{Applied Health Economics and Health Policy}}, number = {{3}}, pages = {{293--312}}, publisher = {{Springer Nature}}, title = {{{Key Aspects of a Sustainable Health Insurance System in Germany}}}, doi = {{10.1007/s40258-016-0223-8}}, volume = {{14}}, year = {{2016}}, } @article{3376, abstract = {{Employing compensation data provided by 63 banks from 16 European countries for the period from 2000 to 2010 this paper empirically investigates the impact of excess variable compensation on bank risk. As a main finding, we provide evidence for a risk-increasing impact of excess variable pay for both executive variable cash-based and variable equity-based compensation. This baseline finding holds under various robustness checks, in particular when controlling for likely reverse causality between bank risk and variable compensation by employing Granger-causality tests and instrumental variable regressions. In addition, results from a large number of sensitivity analyses including board and banking characteristics as well as the financial crisis period and the quality of a country's regulatory framework provide further important implications for banking regulators and politicians in Europe.}}, author = {{Uhde, André}}, journal = {{The Quarterly Review of Economics and Finance}}, keywords = {{Banking, Executive compensation, Risk-taking, Financial stability}}, number = {{5}}, pages = {{12--28}}, publisher = {{Elsevier}}, title = {{{Risk-taking incentives through excess variable compensation: Evidence from European banks}}}, doi = {{https://doi.org/10.1016/j.qref.2015.11.009}}, volume = {{60}}, year = {{2016}}, } @article{47912, abstract = {{ Factorial surveys (FSs) integrate elements of survey research and classical experiments. Using a large number of respondents in a controlled setting, FSs approximate complex and realistic judgment situations through so-called vignettes—that is, carefully designed descriptions of hypothetical people, social situations, or scenarios. Despite being rooted, and predominantly applied, in sociology, FSs are particularly promising for business and society (B&S) scholars. Given the multiplicity, inherent complexity, and sometimes fuzziness of B&S research objects, conventional research methods inevitably reach their limits. This article, therefore, systematically presents methodological and thematic opportunities for FS studies in B&S research. It is argued that FSs are well suited to dealing with the complex interplay of societal-, organizational-, and individual-level factors in B&S research and to studying the principles underlying human perceptions, attitudes, values, social norms, and (anticipated) behavior. The application of the FS method is illustrated based on a showcase example in the realm of socially responsible investments (SRIs). As the literature on the conceptualization of FSs is limited, methodological challenges are addressed to guide B&S researchers past the common methodological pitfalls. }}, author = {{Oll, Josua and Hahn, Rüdiger and Reimsbach, Daniel and Kotzian, Peter}}, issn = {{0007-6503}}, journal = {{Business & Society}}, keywords = {{Social Sciences (miscellaneous), Business, Management and Accounting (miscellaneous)}}, number = {{1}}, pages = {{26--59}}, publisher = {{SAGE Publications}}, title = {{{Tackling Complexity in Business and Society Research: The Methodological and Thematic Potential of Factorial Surveys}}}, doi = {{10.1177/0007650316645337}}, volume = {{57}}, year = {{2016}}, } @article{4034, abstract = {{We examine whether the credit relevance of financial statements, defined as the ability of accounting numbers to explain credit ratings, is higher after firms are required to report under International Financial Reporting Standards (IFRS). We find an improvement in credit relevance for firms in 17 countries after mandatory IFRS reporting is introduced in 2005; this increase is higher than that reported for a matched sample of US firms. The increase in credit relevance is particularly pronounced for higher risk speculative-grade issuers, where accounting information is predicted to be more important; and for IFRS adopters with large first-time reconciliations, where the impact of IFRS is expected to be greater. These tests provide reassurance that the overall enhancement in estimated credit relevance is driven by accounting changes related to IFRS adoption. Our results suggest that credit rating analysts’ views of economic fundamentals are more closely aligned with IFRS numbers, and that analysts anticipate at least some of the effects of the IFRS transition.}}, author = {{Florou, Annita and Kosi, Urska and Pope, Peter F}}, journal = {{Accounting and Business Research}}, keywords = {{IFRS, debt markets, credit ratings, credit relevance}}, number = {{1}}, pages = {{1--29}}, title = {{{Are international accounting standards more credit relevant than domestic standards?}}}, doi = {{10.1080/00014788.2016.1224968}}, volume = {{47}}, year = {{2016}}, } @inproceedings{37098, author = {{Valentincic, Aljosa and Novak, Ales and Kosi, Urska}}, location = {{Siena, Italy}}, title = {{{Accounting quality in private firms during the transition to international standards}}}, year = {{2016}}, } @inbook{2615, author = {{Betz, Stefan}}, booktitle = {{Risikomanagement in Supply Chains}}, editor = {{Siepermann u.a., Christoph}}, pages = {{137--157}}, title = {{{Unscharfe Produktionsmengenplanung als Instrument des Risikomanagements in Supply Chains}}}, year = {{2015}}, } @inbook{2616, author = {{Betz, Stefan}}, booktitle = {{Ausgewählte Probleme des Logistikmanagements}}, editor = {{Betz, Stefan}}, pages = {{109--136}}, title = {{{Bedarfsorientiertes Kapazitätsmanagement in Supply Chains}}}, year = {{2015}}, } @inbook{2617, author = {{Betz, Stefan}}, booktitle = {{Ausgewählte Probleme des Logistikmanagements}}, editor = {{Betz, Stefan}}, pages = {{211--236}}, title = {{{Internationale Standortwahl als strategisches Logistikproblem}}}, year = {{2015}}, }