--- _id: '5048' author: - first_name: Pia full_name: Vollert, Pia last_name: Vollert - first_name: Carolin full_name: Eikel, Carolin last_name: Eikel - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane orcid: ' 0000-0002-8183-5901' citation: ama: Vollert P, Eikel C, Sureth-Sloane C. Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung. Steuer und Wirtschaft. 2013;90(4):367-379. apa: Vollert, P., Eikel, C., & Sureth-Sloane, C. (2013). Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung. Steuer und Wirtschaft, 90(4), 367–379. bibtex: '@article{Vollert_Eikel_Sureth-Sloane_2013, title={Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung}, volume={90}, number={4}, journal={Steuer und Wirtschaft}, author={Vollert, Pia and Eikel, Carolin and Sureth-Sloane, Caren}, year={2013}, pages={367–379} }' chicago: 'Vollert, Pia, Carolin Eikel, and Caren Sureth-Sloane. “Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung.” Steuer und Wirtschaft 90, no. 4 (2013): 367–79.' ieee: P. Vollert, C. Eikel, and C. Sureth-Sloane, “Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung,” Steuer und Wirtschaft, vol. 90, no. 4, pp. 367–379, 2013. mla: Vollert, Pia, et al. “Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung.” Steuer und Wirtschaft, vol. 90, no. 4, 2013, pp. 367–79. short: P. Vollert, C. Eikel, C. Sureth-Sloane, Steuer und Wirtschaft 90 (2013) 367–379. date_created: 2018-10-30T13:58:31Z date_updated: 2023-01-31T12:13:21Z department: - _id: '187' - _id: '635' intvolume: ' 90' issue: '4' language: - iso: ger page: 367-379 publication: Steuer und Wirtschaft quality_controlled: '1' status: public title: Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung type: journal_article user_id: '21222' volume: 90 year: '2013' ... --- _id: '2608' author: - first_name: Stefan full_name: Betz, Stefan id: '54' last_name: Betz citation: ama: 'Betz S. Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains. In: Betz S, ed. Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand. 2nd ed. Hamburg; 2012:49-72.' apa: Betz, S. (2012). Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains. In S. Betz (Ed.), Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand (2nd ed., pp. 49–72). Hamburg. bibtex: '@inbook{Betz_2012, place={Hamburg}, edition={2}, title={Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains}, booktitle={Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand}, author={Betz, Stefan}, editor={Betz, StefanEditor}, year={2012}, pages={49–72} }' chicago: Betz, Stefan. “Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains.” In Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, edited by Stefan Betz, 2nd ed., 49–72. Hamburg, 2012. ieee: S. Betz, “Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains,” in Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, 2nd ed., S. Betz, Ed. Hamburg, 2012, pp. 49–72. mla: Betz, Stefan. “Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains.” Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, edited by Stefan Betz, 2nd ed., 2012, pp. 49–72. short: 'S. Betz, in: S. Betz (Ed.), Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, 2nd ed., Hamburg, 2012, pp. 49–72.' date_created: 2018-05-03T12:05:08Z date_updated: 2022-01-06T06:57:16Z department: - _id: '193' edition: '2' editor: - first_name: Stefan full_name: Betz, Stefan last_name: Betz language: - iso: ger page: 49-72 place: Hamburg publication: Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand publication_status: published status: public title: Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains type: book_chapter user_id: '21811' year: '2012' ... --- _id: '2609' author: - first_name: Stefan full_name: Betz, Stefan id: '54' last_name: Betz citation: ama: 'Betz S. Analyse des Bullwhip-Effekts in einer Supply Chain von KMU. In: Betz S, ed. Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand. 2nd ed. Hamburg; 2012:105-132.' apa: Betz, S. (2012). Analyse des Bullwhip-Effekts in einer Supply Chain von KMU. In S. Betz (Ed.), Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand (2nd ed., pp. 105–132). Hamburg. bibtex: '@inbook{Betz_2012, place={Hamburg}, edition={2}, title={Analyse des Bullwhip-Effekts in einer Supply Chain von KMU}, booktitle={Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand}, author={Betz, Stefan}, editor={Betz, StefanEditor}, year={2012}, pages={105–132} }' chicago: Betz, Stefan. “Analyse des Bullwhip-Effekts in einer Supply Chain von KMU.” In Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, edited by Stefan Betz, 2nd ed., 105–32. Hamburg, 2012. ieee: S. Betz, “Analyse des Bullwhip-Effekts in einer Supply Chain von KMU,” in Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, 2nd ed., S. Betz, Ed. Hamburg, 2012, pp. 105–132. mla: Betz, Stefan. “Analyse des Bullwhip-Effekts in einer Supply Chain von KMU.” Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, edited by Stefan Betz, 2nd ed., 2012, pp. 105–32. short: 'S. Betz, in: S. Betz (Ed.), Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, 2nd ed., Hamburg, 2012, pp. 105–132.' date_created: 2018-05-03T12:07:35Z date_updated: 2022-01-06T06:57:16Z department: - _id: '193' edition: '2' editor: - first_name: Stefan full_name: Betz, Stefan last_name: Betz language: - iso: ger page: 105-132 place: Hamburg publication: Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand publication_status: published status: public title: Analyse des Bullwhip-Effekts in einer Supply Chain von KMU type: book_chapter user_id: '21811' year: '2012' ... --- _id: '2668' citation: ama: Betz S, ed. Entscheidungsprobleme Im Supply Chain Management - Quantitative Lösungsansätze Für Den Mittelstand. 2nd ed. Hamburg; 2012. apa: Betz, S. (Ed.). (2012). Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand (2nd ed.). Hamburg. bibtex: '@book{Betz_2012, place={Hamburg}, edition={2nd}, title={Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand}, year={2012} }' chicago: Betz, Stefan, ed. Entscheidungsprobleme Im Supply Chain Management - Quantitative Lösungsansätze Für Den Mittelstand. 2nd ed. Hamburg, 2012. ieee: S. Betz, Ed., Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand, 2nd ed. Hamburg, 2012. mla: Betz, Stefan, editor. Entscheidungsprobleme Im Supply Chain Management - Quantitative Lösungsansätze Für Den Mittelstand. 2nd ed., 2012. short: S. Betz, ed., Entscheidungsprobleme Im Supply Chain Management - Quantitative Lösungsansätze Für Den Mittelstand, 2nd ed., Hamburg, 2012. date_created: 2018-05-07T13:10:59Z date_updated: 2022-01-06T06:57:25Z department: - _id: '193' edition: 2nd editor: - first_name: Stefan full_name: Betz, Stefan id: '54' last_name: Betz place: Hamburg status: public title: Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand type: book_editor user_id: '21811' year: '2012' ... --- _id: '20870' abstract: - lang: eng text: This study shows how venture capital investors can identify potential biases in multi-year management forecasts before an investment decision and derive significantly more accurate failure predictions. By advancing a cross-sectional projection method developed by prior research and using firm-specific information in financial statements and business plans, we derive benchmarks for management revenue forecasts. With these benchmarks, we estimate forecast errors as an a priori measure of biased expectations. Using this measure for our proprietary dataset on venture-backed start-ups in Germany, we find evidence of substantial upward forecast biases. We uncover that firms with large forecast errors fail significantly more often than do less biased entrepreneurs in years following the investment. Overall, our results highlight the implications of excessive optimism and overconfidence in entrepreneurial environments and emphasize the relevance of accounting information and business plans for venture capital investment decisions. author: - first_name: Sönke full_name: Sievers, Sönke id: '46447' last_name: Sievers - first_name: Christopher Frederik full_name: Mokwa, Christopher Frederik last_name: Mokwa citation: ama: Sievers S, Mokwa CF. The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments.; 2012. doi:10.2139/ssrn.2100501 apa: Sievers, S., & Mokwa, C. F. (2012). The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments. https://doi.org/10.2139/ssrn.2100501 bibtex: '@book{Sievers_Mokwa_2012, title={The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments}, DOI={10.2139/ssrn.2100501}, author={Sievers, Sönke and Mokwa, Christopher Frederik}, year={2012} }' chicago: Sievers, Sönke, and Christopher Frederik Mokwa. The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments, 2012. https://doi.org/10.2139/ssrn.2100501. ieee: S. Sievers and C. F. Mokwa, The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments. 2012. mla: Sievers, Sönke, and Christopher Frederik Mokwa. The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments. 2012, doi:10.2139/ssrn.2100501. short: S. Sievers, C.F. Mokwa, The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments, 2012. date_created: 2021-01-05T11:59:50Z date_updated: 2022-01-06T06:54:41Z department: - _id: '275' doi: 10.2139/ssrn.2100501 extern: '1' jel: - G24 - G32 - M13 - M41 keyword: - Management forecast biases - cross-sectional projection models - venture-backed start-ups - failure prediction - overoptimism - overconfidence language: - iso: eng main_file_link: - url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2100501 page: '31' publication_status: published status: public title: The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments type: working_paper user_id: '46447' year: '2012' ... --- _id: '22920' author: - first_name: Thomas full_name: Gries, Thomas id: '186' last_name: Gries - first_name: Ulrich full_name: Prior, Ulrich last_name: Prior - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: Gries T, Prior U, Sureth-Sloane C. A Tax Paradox for Investment Decisions under Uncertainty. Journal of Public Economic Theory. 2012;14(3):521-545. doi:10.1007/BF03342734 apa: Gries, T., Prior, U., & Sureth-Sloane, C. (2012). A Tax Paradox for Investment Decisions under Uncertainty. Journal of Public Economic Theory, 14(3), 521–545. https://doi.org/10.1007/BF03342734 bibtex: '@article{Gries_Prior_Sureth-Sloane_2012, title={A Tax Paradox for Investment Decisions under Uncertainty}, volume={14}, DOI={10.1007/BF03342734}, number={3}, journal={Journal of Public Economic Theory}, author={Gries, Thomas and Prior, Ulrich and Sureth-Sloane, Caren}, year={2012}, pages={521–545} }' chicago: 'Gries, Thomas, Ulrich Prior, and Caren Sureth-Sloane. “A Tax Paradox for Investment Decisions under Uncertainty.” Journal of Public Economic Theory 14, no. 3 (2012): 521–45. https://doi.org/10.1007/BF03342734.' ieee: T. Gries, U. Prior, and C. Sureth-Sloane, “A Tax Paradox for Investment Decisions under Uncertainty,” Journal of Public Economic Theory, vol. 14, no. 3, pp. 521–545, 2012. mla: Gries, Thomas, et al. “A Tax Paradox for Investment Decisions under Uncertainty.” Journal of Public Economic Theory, vol. 14, no. 3, 2012, pp. 521–45, doi:10.1007/BF03342734. short: T. Gries, U. Prior, C. Sureth-Sloane, Journal of Public Economic Theory 14 (2012) 521–545. date_created: 2021-08-02T12:15:47Z date_updated: 2022-01-06T06:55:43Z department: - _id: '187' doi: 10.1007/BF03342734 intvolume: ' 14' issue: '3' language: - iso: eng page: 521-545 publication: Journal of Public Economic Theory publication_status: published status: public title: A Tax Paradox for Investment Decisions under Uncertainty type: journal_article user_id: '68751' volume: 14 year: '2012' ... --- _id: '5051' author: - first_name: Annika full_name: Hegemann, Annika last_name: Hegemann citation: ama: Hegemann A. Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer? Vol 140.; 2012. apa: Hegemann, A. (2012). Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer? (Vol. 140). bibtex: '@book{Hegemann_2012, series={arqus, Quantitative Research in Taxation}, title={Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer?}, volume={140}, author={Hegemann, Annika}, year={2012}, collection={arqus, Quantitative Research in Taxation} }' chicago: Hegemann, Annika. Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer? Vol. 140. arqus, Quantitative Research in Taxation, 2012. ieee: A. Hegemann, Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer?, vol. 140. 2012. mla: Hegemann, Annika. Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer? Vol. 140, 2012. short: A. Hegemann, Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer?, 2012. date_created: 2018-10-30T14:05:45Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' intvolume: ' 140' language: - iso: ger series_title: arqus, Quantitative Research in Taxation status: public title: Besteuerung von Beteiligungsinvestitionen und Risikoempfindlichkeit – Wie wirkt die Abgeltungssteuer? type: working_paper user_id: '21222' volume: 140 year: '2012' ... --- _id: '5055' author: - first_name: Annika full_name: Mehrmann, Annika id: '4324' last_name: Mehrmann - first_name: Georg full_name: Schneider, Georg last_name: Schneider - first_name: Caren full_name: Sureth-Sloane, Caren last_name: Sureth-Sloane citation: ama: 'Mehrmann A, Schneider G, Sureth-Sloane C. Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases. Vol 134.; 2012.' apa: 'Mehrmann, A., Schneider, G., & Sureth-Sloane, C. (2012). Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases (Vol. 134).' bibtex: '@book{Mehrmann_Schneider_Sureth-Sloane_2012, series={arqus, Quantitative Research in Taxation}, title={Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases}, volume={134}, author={Mehrmann, Annika and Schneider, Georg and Sureth-Sloane, Caren}, year={2012}, collection={arqus, Quantitative Research in Taxation} }' chicago: 'Mehrmann, Annika, Georg Schneider, and Caren Sureth-Sloane. Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases. Vol. 134. Arqus, Quantitative Research in Taxation, 2012.' ieee: 'A. Mehrmann, G. Schneider, and C. Sureth-Sloane, Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases, vol. 134. 2012.' mla: 'Mehrmann, Annika, et al. Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases. Vol. 134, 2012.' short: 'A. Mehrmann, G. Schneider, C. Sureth-Sloane, Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases, 2012.' date_created: 2018-10-30T14:08:46Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' intvolume: ' 134' language: - iso: eng series_title: arqus, Quantitative Research in Taxation status: public title: 'Asymmetric Taxation of Profits and Losses and Its Influence on Investment Timing: Paradoxical Effects of Tax Increases' type: working_paper user_id: '21222' volume: 134 year: '2012' ... --- _id: '5056' author: - first_name: Peter F. E. full_name: Sloane, Peter F. E. id: '503' last_name: Sloane - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: Sloane PFE, Sureth-Sloane C. Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel. Wirtschaft und Beruf. 2012;64(7-8):10-13. apa: Sloane, P. F. E., & Sureth-Sloane, C. (2012). Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel. Wirtschaft und Beruf, 64(7–8), 10–13. bibtex: '@article{Sloane_Sureth-Sloane_2012, title={Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel}, volume={64}, number={7–8}, journal={Wirtschaft und Beruf}, author={Sloane, Peter F. E. and Sureth-Sloane, Caren}, year={2012}, pages={10–13} }' chicago: 'Sloane, Peter F. E., and Caren Sureth-Sloane. “Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel.” Wirtschaft und Beruf 64, no. 7–8 (2012): 10–13.' ieee: P. F. E. Sloane and C. Sureth-Sloane, “Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel,” Wirtschaft und Beruf, vol. 64, no. 7–8, pp. 10–13, 2012. mla: Sloane, Peter F. E., and Caren Sureth-Sloane. “Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel.” Wirtschaft und Beruf, vol. 64, no. 7–8, 2012, pp. 10–13. short: P.F.E. Sloane, C. Sureth-Sloane, Wirtschaft und Beruf 64 (2012) 10–13. date_created: 2018-10-30T14:11:43Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' - _id: '208' - _id: '635' intvolume: ' 64' issue: 7-8 language: - iso: ger page: 10-13 publication: Wirtschaft und Beruf status: public title: Mehr Theorie wagen. Betriebswirtschaftslehre nach Bologna oder Hochschulbildung im Wandel type: journal_article user_id: '61801' volume: 64 year: '2012' ... --- _id: '5057' author: - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: Sureth-Sloane C. Analytisch und strukturiert denken lernen. Frankfurter Allgemeine Zeitung. 2012. apa: Sureth-Sloane, C. (2012). Analytisch und strukturiert denken lernen. Frankfurter Allgemeine Zeitung. bibtex: '@article{Sureth-Sloane_2012, title={Analytisch und strukturiert denken lernen}, number={112}, journal={Frankfurter Allgemeine Zeitung}, author={Sureth-Sloane, Caren}, year={2012} }' chicago: Sureth-Sloane, Caren. “Analytisch und strukturiert denken lernen.” Frankfurter Allgemeine Zeitung, 2012. ieee: C. Sureth-Sloane, “Analytisch und strukturiert denken lernen,” Frankfurter Allgemeine Zeitung, no. 112, 2012. mla: Sureth-Sloane, Caren. “Analytisch und strukturiert denken lernen.” Frankfurter Allgemeine Zeitung, no. 112, 2012. short: C. Sureth-Sloane, Frankfurter Allgemeine Zeitung (2012). date_created: 2018-10-30T14:13:07Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' issue: '112' language: - iso: ger page: '12' publication: Frankfurter Allgemeine Zeitung publication_date: 2012-05-14 status: public title: Analytisch und strukturiert denken lernen type: newspaper_article user_id: '21222' year: '2012' ... --- _id: '5060' author: - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: 'Sureth-Sloane C. Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch? Frankfurter Allgemeine Zeitung. 2012.' apa: 'Sureth-Sloane, C. (2012). Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch? Frankfurter Allgemeine Zeitung.' bibtex: '@article{Sureth-Sloane_2012, title={Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch?}, journal={Frankfurter Allgemeine Zeitung}, author={Sureth-Sloane, Caren}, year={2012} }' chicago: 'Sureth-Sloane, Caren. “Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch?” Frankfurter Allgemeine Zeitung, 2012.' ieee: 'C. Sureth-Sloane, “Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch?,” Frankfurter Allgemeine Zeitung, 2012.' mla: 'Sureth-Sloane, Caren. “Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch?” Frankfurter Allgemeine Zeitung, 2012.' short: C. Sureth-Sloane, Frankfurter Allgemeine Zeitung (2012). date_created: 2018-10-30T14:16:10Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' language: - iso: dut publication: Frankfurter Allgemeine Zeitung publication_date: 2012-05-16 status: public title: 'Studium nach Bologna: Theorie oder Praxis – ein Scheinwiderspruch?' type: newspaper_article user_id: '21222' year: '2012' ... --- _id: '5063' author: - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: Sureth-Sloane C. Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen. Wirtschaft und Beruf. 2012;64(7-8):49-51. apa: Sureth-Sloane, C. (2012). Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen. Wirtschaft und Beruf, 64(7–8), 49–51. bibtex: '@article{Sureth-Sloane_2012, title={Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen}, volume={64}, number={7–8}, journal={Wirtschaft und Beruf}, author={Sureth-Sloane, Caren}, year={2012}, pages={49–51} }' chicago: 'Sureth-Sloane, Caren. “Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen.” Wirtschaft und Beruf 64, no. 7–8 (2012): 49–51.' ieee: C. Sureth-Sloane, “Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen,” Wirtschaft und Beruf, vol. 64, no. 7–8, pp. 49–51, 2012. mla: Sureth-Sloane, Caren. “Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen.” Wirtschaft und Beruf, vol. 64, no. 7–8, 2012, pp. 49–51. short: C. Sureth-Sloane, Wirtschaft und Beruf 64 (2012) 49–51. date_created: 2018-10-30T14:18:23Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' - _id: '635' intvolume: ' 64' issue: 7-8 language: - iso: ger page: 49-51 publication: Wirtschaft und Beruf status: public title: Unternehmensführung und interkulturelle Hochschulbildung. Unternehmensführung in Europa - Interkulturelle Fragen type: journal_article user_id: '61801' volume: 64 year: '2012' ... --- _id: '5066' author: - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: 'Sureth-Sloane C. Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke. In: Burr W, Wagenhofer A, eds. Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB. V-VII. Wiesbaden: Gabler Verlag; 2012.' apa: 'Sureth-Sloane, C. (2012). Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke. In W. Burr & A. Wagenhofer (Eds.), Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB. Wiesbaden: Gabler Verlag.' bibtex: '@inbook{Sureth-Sloane_2012, place={Wiesbaden}, series={V-VII}, title={Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke}, booktitle={Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB}, publisher={Gabler Verlag}, author={Sureth-Sloane, Caren}, editor={Burr, Wolfgang and Wagenhofer, AlfredEditors}, year={2012}, collection={V-VII} }' chicago: 'Sureth-Sloane, Caren. “Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke.” In Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB, edited by Wolfgang Burr and Alfred Wagenhofer. V-VII. Wiesbaden: Gabler Verlag, 2012.' ieee: 'C. Sureth-Sloane, “Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke,” in Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB, W. Burr and A. Wagenhofer, Eds. Wiesbaden: Gabler Verlag, 2012.' mla: 'Sureth-Sloane, Caren. “Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke.” Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB, edited by Wolfgang Burr and Alfred Wagenhofer, Gabler Verlag, 2012.' short: 'C. Sureth-Sloane, in: W. Burr, A. Wagenhofer (Eds.), Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB, Gabler Verlag, Wiesbaden, 2012.' date_created: 2018-10-30T14:21:00Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' editor: - first_name: Wolfgang full_name: Burr, Wolfgang last_name: Burr - first_name: Alfred full_name: Wagenhofer, Alfred last_name: Wagenhofer language: - iso: ger place: Wiesbaden publication: Der Verband der Hochschullehrer für Betriebswirtschaft, Geschichte des VHB und Geschichten zum VHB publisher: Gabler Verlag series_title: V-VII status: public title: 'Vorwort. Geschichte des VHB und der BWL: Rückblick und Einblicke' type: book_chapter user_id: '21222' year: '2012' ... --- _id: '5069' author: - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane - first_name: Dodo full_name: zu Knyphausen-Aufseß, Dodo last_name: zu Knyphausen-Aufseß citation: ama: Sureth-Sloane C, zu Knyphausen-Aufseß D. Welcher BWLer ist ein guter Forscher? Frankfurter Allgemeine Zeitung. 2012. apa: Sureth-Sloane, C., & zu Knyphausen-Aufseß, D. (2012). Welcher BWLer ist ein guter Forscher? Frankfurter Allgemeine Zeitung. bibtex: '@article{Sureth-Sloane_zu Knyphausen-Aufseß_2012, title={Welcher BWLer ist ein guter Forscher?}, number={276}, journal={Frankfurter Allgemeine Zeitung}, author={Sureth-Sloane, Caren and zu Knyphausen-Aufseß, Dodo}, year={2012} }' chicago: Sureth-Sloane, Caren, and Dodo zu Knyphausen-Aufseß. “Welcher BWLer ist ein guter Forscher?” Frankfurter Allgemeine Zeitung, 2012. ieee: C. Sureth-Sloane and D. zu Knyphausen-Aufseß, “Welcher BWLer ist ein guter Forscher?,” Frankfurter Allgemeine Zeitung, no. 276, 2012. mla: Sureth-Sloane, Caren, and Dodo zu Knyphausen-Aufseß. “Welcher BWLer ist ein guter Forscher?” Frankfurter Allgemeine Zeitung, no. 276, 2012. short: C. Sureth-Sloane, D. zu Knyphausen-Aufseß, Frankfurter Allgemeine Zeitung (2012). date_created: 2018-10-30T14:22:35Z date_updated: 2022-01-06T07:01:36Z department: - _id: '187' issue: '276' language: - iso: ger page: '12' publication: Frankfurter Allgemeine Zeitung publication_date: 2012-11-26 status: public title: Welcher BWLer ist ein guter Forscher? type: newspaper_article user_id: '21222' year: '2012' ... --- _id: '5193' abstract: - lang: eng text: We study the predictive ability of individual analyst target price changes for post-event abnormal stock returns within each recommendation category. Although prior studies generally demonstrate the investment value of target prices, we find that target price changes do not cause abnormal returns within each recommendation level. Instead, contradictory analyst signals (e.g., strong buy reiterations with large target price decreases) neutralize each other, whereas confirmatory signals reinforce each other. Further, our analysis reveals that large target price downgrades can be explained by preceding stock price decreases. However, upgrades are not preceded by stock price increases, thereby demonstrating asymmetric analyst behavior when adjusting target prices to stock prices. Our results suggest that investors should treat recommendations with caution when they are issued with large contradictory target price changes. Thus, instead of blindly following a recommendation, investors might put more weight on the change in the corresponding target price and consider transaction costs. article_type: original author: - first_name: Stefan full_name: Kanne, Stefan last_name: Kanne - first_name: Jan full_name: Klobucnik, Jan last_name: Klobucnik - first_name: Daniel full_name: Kreutzmann, Daniel last_name: Kreutzmann - first_name: Sönke full_name: Sievers, Sönke id: '46447' last_name: Sievers citation: ama: Kanne S, Klobucnik J, Kreutzmann D, Sievers S. To buy or not to buy? The value of contradictory analyst signals. Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C). 2012;26(4):405-428. doi:10.1007/s11408-012-0196-z apa: Kanne, S., Klobucnik, J., Kreutzmann, D., & Sievers, S. (2012). To buy or not to buy? The value of contradictory analyst signals. Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C), 26(4), 405–428. https://doi.org/10.1007/s11408-012-0196-z bibtex: '@article{Kanne_Klobucnik_Kreutzmann_Sievers_2012, title={To buy or not to buy? The value of contradictory analyst signals}, volume={26}, DOI={10.1007/s11408-012-0196-z}, number={4}, journal={Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C)}, publisher={Springer}, author={Kanne, Stefan and Klobucnik, Jan and Kreutzmann, Daniel and Sievers, Sönke}, year={2012}, pages={405–428} }' chicago: 'Kanne, Stefan, Jan Klobucnik, Daniel Kreutzmann, and Sönke Sievers. “To Buy or Not to Buy? The Value of Contradictory Analyst Signals.” Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C) 26, no. 4 (2012): 405–28. https://doi.org/10.1007/s11408-012-0196-z.' ieee: S. Kanne, J. Klobucnik, D. Kreutzmann, and S. Sievers, “To buy or not to buy? The value of contradictory analyst signals,” Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C), vol. 26, no. 4, pp. 405–428, 2012. mla: Kanne, Stefan, et al. “To Buy or Not to Buy? The Value of Contradictory Analyst Signals.” Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C), vol. 26, no. 4, Springer, 2012, pp. 405–28, doi:10.1007/s11408-012-0196-z. short: S. Kanne, J. Klobucnik, D. Kreutzmann, S. Sievers, Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C) 26 (2012) 405–428. date_created: 2018-10-31T11:34:44Z date_updated: 2022-01-06T07:01:43Z department: - _id: '275' doi: 10.1007/s11408-012-0196-z extern: '1' intvolume: ' 26' issue: '4' jel: - G11 - G12 - G17 - G24 keyword: - Analyst recommendation - Target price - Stock performance - Trading strategy language: - iso: eng main_file_link: - url: https://link.springer.com/article/10.1007/s11408-012-0196-z page: 405-428 publication: Financial Markets and Portfolio Management (VHB-JOURQUAL 3 Ranking C) publication_status: published publisher: Springer status: public title: To buy or not to buy? The value of contradictory analyst signals type: journal_article user_id: '46447' volume: 26 year: '2012' ... --- _id: '5196' abstract: - lang: eng text: 'This study shows how venture capital investors can identify potential biases in multi-year management forecasts before an investment decision and derive significantly more accurate failure predictions. By advancing a cross-sectional projection method developed by prior research and using firm-specific information in financial statements and business plans, we derive benchmarks for management revenue forecasts. With these benchmarks, we estimate forecast errors as an a priori measure of biased expectations. Using this measure for our proprietary dataset on venture-backed start-ups in Germany, we find evidence of substantial upward forecast biases. We uncover that firms with large forecast errors fail significantly more often than do less biased entrepreneurs in years following the investment. Overall, our results highlight the implications of excessive optimism and overconfidence in entrepreneurial environments and emphasize the relevance of accounting information and business plans for venture capital investment decisions. ' author: - first_name: Christopher Frederik full_name: Mokwa, Christopher Frederik last_name: Mokwa - first_name: Sönke full_name: Sievers, Sönke last_name: Sievers citation: ama: Mokwa CF, Sievers S. The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments. SSRN Electronic Journal. 2012. doi:10.2139/ssrn.2100501 apa: Mokwa, C. F., & Sievers, S. (2012). The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2100501 bibtex: '@article{Mokwa_Sievers_2012, title={The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments}, DOI={10.2139/ssrn.2100501}, journal={SSRN Electronic Journal}, author={Mokwa, Christopher Frederik and Sievers, Sönke}, year={2012} }' chicago: Mokwa, Christopher Frederik, and Sönke Sievers. “The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments.” SSRN Electronic Journal, 2012. https://doi.org/10.2139/ssrn.2100501. ieee: C. F. Mokwa and S. Sievers, “The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments,” SSRN Electronic Journal, 2012. mla: Mokwa, Christopher Frederik, and Sönke Sievers. “The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments.” SSRN Electronic Journal, 2012, doi:10.2139/ssrn.2100501. short: C.F. Mokwa, S. Sievers, SSRN Electronic Journal (2012). date_created: 2018-10-31T12:12:28Z date_updated: 2022-01-06T07:01:43Z department: - _id: '275' doi: 10.2139/ssrn.2100501 jel: - G24 - G32 - M13 - M41 keyword: - Management forecast biases - cross-sectional projection models - venture-backed start-ups - failure prediction - overoptimism - overconfidence language: - iso: eng publication: SSRN Electronic Journal publication_status: published status: public title: The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments type: journal_article user_id: '64756' year: '2012' ... --- _id: '5198' abstract: - lang: eng text: 'This study provides evidence of significant biases in multi-year management forecasts by analyzing a proprietary dataset on venture-backed start-ups in Germany. We find that revenues and expenses are highly overestimated in each of the investigated one- to five-year-ahead planning periods. Furthermore, entrepreneurs underestimate one-year-ahead profit forecasts but clearly overestimate their profit forecasts for all longer-term forecast horizons. Additional analyses reveal that teams with prior management experience issue even more overestimated forecasts and misrepresent their forward-looking information. In contrast, greater asset verifiability and corporate lead investors are associated with lower levels of forecast errors. All key results hold if bias is either measured by traditionally comparing forecasts to ex-post realizations or by using a cross-sectional projection approach based on historical accounting data developed by prior research. ' author: - first_name: Christopher full_name: Mokwa, Christopher last_name: Mokwa - first_name: Sönke full_name: Sievers, Sönke last_name: Sievers citation: ama: 'Mokwa C, Sievers S. Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors. SSRN Electronic Journal. 2012. doi:10.2139/ssrn.1714399' apa: 'Mokwa, C., & Sievers, S. (2012). Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1714399' bibtex: '@article{Mokwa_Sievers_2012, title={Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors}, DOI={10.2139/ssrn.1714399}, journal={SSRN Electronic Journal}, author={Mokwa, Christopher and Sievers, Sönke}, year={2012} }' chicago: 'Mokwa, Christopher, and Sönke Sievers. “Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors.” SSRN Electronic Journal, 2012. https://doi.org/10.2139/ssrn.1714399.' ieee: 'C. Mokwa and S. Sievers, “Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors,” SSRN Electronic Journal, 2012.' mla: 'Mokwa, Christopher, and Sönke Sievers. “Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors.” SSRN Electronic Journal, 2012, doi:10.2139/ssrn.1714399.' short: C. Mokwa, S. Sievers, SSRN Electronic Journal (2012). date_created: 2018-10-31T12:16:45Z date_updated: 2022-01-06T07:01:43Z department: - _id: '275' doi: 10.2139/ssrn.1714399 jel: - G24 - G32 - M13 - M41 keyword: - Management forecasts - Forecasting biases - Venture-backed start-ups - Projection methods language: - iso: eng publication: SSRN Electronic Journal publication_status: published status: public title: 'Biases in Management Forecasts of Venture-Backed Start-Ups: Evidence from Internal Due Diligence Documents of VC Investors' type: journal_article user_id: '64756' year: '2012' ... --- _id: '4399' abstract: - lang: eng text: Using a unique sample of 749 cash and synthetic securitization transactions issued by 60 stock-listed bank holdings in the EU-13 plus Switzerland over the period from 1997 to 2007 this paper provides empirical evidence that credit risk securitization has a negative impact on the issuing banks’ financial soundness. Baseline findings hold even when controlling for likely reverse causality by employing instrumental variable techniques and substituting the accounting-based z-score ratio by market-based indicators of bank risk. Moreover, investigating the relationship between credit risk securitization and single z-score components in order to evaluate significant transmission channels proposed by relevant theoretical literature, we find a negative impact of securitization on bank profitability and capital environment as well as a positive relationship between securitization and the issuing bank's return volatility. Against the background of our empirical results we underline that the decision by the Basel Committee to enhance the new Basel III framework in the field of securitization is a step in the right direction. author: - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Michalak TC, Uhde A. Credit risk securitization and bank soundness: Evidence from the microlevel for Europe. Quarterly Review of Economics and Finance. 2012;52(3):272-285. doi:https://doi.org/10.1016/j.qref.2012.04.008' apa: 'Michalak, T. C., & Uhde, A. (2012). Credit risk securitization and bank soundness: Evidence from the microlevel for Europe. Quarterly Review of Economics and Finance, 52(3), 272–285. https://doi.org/10.1016/j.qref.2012.04.008' bibtex: '@article{Michalak_Uhde_2012, title={ Credit risk securitization and bank soundness: Evidence from the microlevel for Europe}, volume={52}, DOI={https://doi.org/10.1016/j.qref.2012.04.008}, number={3}, journal={Quarterly Review of Economics and Finance}, author={Michalak, Tobias C. and Uhde, André}, year={2012}, pages={272–285} }' chicago: 'Michalak, Tobias C., and André Uhde. “ Credit Risk Securitization and Bank Soundness: Evidence from the Microlevel for Europe.” Quarterly Review of Economics and Finance 52, no. 3 (2012): 272–85. https://doi.org/10.1016/j.qref.2012.04.008.' ieee: 'T. C. Michalak and A. Uhde, “ Credit risk securitization and bank soundness: Evidence from the microlevel for Europe,” Quarterly Review of Economics and Finance, vol. 52, no. 3, pp. 272–285, 2012, doi: https://doi.org/10.1016/j.qref.2012.04.008.' mla: 'Michalak, Tobias C., and André Uhde. “ Credit Risk Securitization and Bank Soundness: Evidence from the Microlevel for Europe.” Quarterly Review of Economics and Finance, vol. 52, no. 3, 2012, pp. 272–85, doi:https://doi.org/10.1016/j.qref.2012.04.008.' short: T.C. Michalak, A. Uhde, Quarterly Review of Economics and Finance 52 (2012) 272–285. date_created: 2018-09-14T11:59:26Z date_updated: 2023-01-10T09:32:07Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1016/j.qref.2012.04.008 intvolume: ' 52' issue: '3' jel: - G21 - G28 keyword: - Credit risk securitization Bank soundness European banking language: - iso: eng page: 272-285 publication: Quarterly Review of Economics and Finance publication_status: published status: public title: ' Credit risk securitization and bank soundness: Evidence from the microlevel for Europe' type: journal_article user_id: '21810' volume: 52 year: '2012' ... --- _id: '4401' abstract: - lang: eng text: Employing data on foreign bank claims from 13 OECD countries on 51 emerging markets between 1993 and 2007, this study investigates specific characteristics of OECD banking markets and lending banks as new important determinants of cross-border lending. We initially provide empirical evidence that in addition to well-accepted “gravity measures”, characteristics of OECD banking markets as well as lending banks’ attributes may describe further important determinants of cross-border bank lending with regard to our sample. Building subsamples of more-developed emerging markets vs. frontier markets, addressing (non) common lender relationships and analyzing cross border lending flows during different time periods, our analysis additionally reveals that both the determinants’ explanatory power and their direction of impact notably vary with respective subsamples. author: - first_name: Oliver full_name: Müller, Oliver last_name: Müller - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Müller O, Uhde A. Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets. Journal of International Financial Markets, Institutions & Money. 2012;23:136-162. doi:DOI: 10.1016/j.intfin.2012.09.004 ' apa: 'Müller, O., & Uhde, A. (2012). Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets. Journal of International Financial Markets, Institutions & Money, 23, 136–162. https://doi.org/DOI: 10.1016/j.intfin.2012.09.004 ' bibtex: '@article{Müller_Uhde_2012, title={Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets}, volume={23}, DOI={DOI: 10.1016/j.intfin.2012.09.004 }, journal={Journal of International Financial Markets, Institutions & Money}, author={Müller, Oliver and Uhde, André}, year={2012}, pages={136–162} }' chicago: 'Müller, Oliver, and André Uhde. “Cross-Border Bank Lending - Empirical Evidence on Further Determinants from OECD Banking Markets.” Journal of International Financial Markets, Institutions & Money 23 (2012): 136–62. https://doi.org/DOI: 10.1016/j.intfin.2012.09.004 .' ieee: 'O. Müller and A. Uhde, “Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets,” Journal of International Financial Markets, Institutions & Money, vol. 23, pp. 136–162, 2012, doi: DOI: 10.1016/j.intfin.2012.09.004 .' mla: 'Müller, Oliver, and André Uhde. “Cross-Border Bank Lending - Empirical Evidence on Further Determinants from OECD Banking Markets.” Journal of International Financial Markets, Institutions & Money, vol. 23, 2012, pp. 136–62, doi:DOI: 10.1016/j.intfin.2012.09.004 .' short: O. Müller, A. Uhde, Journal of International Financial Markets, Institutions & Money 23 (2012) 136–162. date_created: 2018-09-14T12:32:57Z date_updated: 2023-01-10T09:34:19Z department: - _id: '186' - _id: '188' doi: 'DOI: 10.1016/j.intfin.2012.09.004 ' extern: '1' intvolume: ' 23' jel: - F - G keyword: - Foreign bank claims - Gravity measures - OECD banking markets’ characteristics - Lending banks’ characteristics language: - iso: eng page: 136-162 publication: Journal of International Financial Markets, Institutions & Money publication_status: published status: public title: Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets type: journal_article user_id: '21810' volume: 23 year: '2012' ... --- _id: '4403' abstract: - lang: eng text: 'Using a unique cross‐sectional dataset of 381 cash and synthetic securitizations issued by 53 banks from the EU‐15 plus Switzerland between 1997 and 2007, this paper provides empirical evidence for time‐dependent negative wealth effects of credit risk securitization announcements in European banking. Baseline results hold when comparing estimated wealth effects with a control group of similar but non‐securitizing banks for the relevant time period. Moreover, building several sub samples we find that the nexus between credit risk securitization, the issuing banks’ overall risk exposure and wealth effects is associated with a variety of transaction‐ and bank‐specific factors. ' author: - first_name: Christian full_name: Farruggio, Christian last_name: Farruggio - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: Farruggio C, Michalak TC, Uhde A. Wealth effects of credit risk securitization in European Banking. Journal of Business Finance and Accounting. 2012;39(1 & 2):193-228. doi:https://doi.org/10.1111/j.1468-5957.2012.02273.x apa: Farruggio, C., Michalak, T. C., & Uhde, A. (2012). Wealth effects of credit risk securitization in European Banking. Journal of Business Finance and Accounting, 39(1 & 2), 193–228. https://doi.org/10.1111/j.1468-5957.2012.02273.x bibtex: '@article{Farruggio_Michalak_Uhde_2012, title={Wealth effects of credit risk securitization in European Banking}, volume={39}, DOI={https://doi.org/10.1111/j.1468-5957.2012.02273.x}, number={1 & 2}, journal={Journal of Business Finance and Accounting}, author={Farruggio, Christian and Michalak, Tobias C. and Uhde, André}, year={2012}, pages={193–228} }' chicago: 'Farruggio, Christian, Tobias C. Michalak, and André Uhde. “Wealth Effects of Credit Risk Securitization in European Banking.” Journal of Business Finance and Accounting 39, no. 1 & 2 (2012): 193–228. https://doi.org/10.1111/j.1468-5957.2012.02273.x.' ieee: 'C. Farruggio, T. C. Michalak, and A. Uhde, “Wealth effects of credit risk securitization in European Banking,” Journal of Business Finance and Accounting, vol. 39, no. 1 & 2, pp. 193–228, 2012, doi: https://doi.org/10.1111/j.1468-5957.2012.02273.x.' mla: Farruggio, Christian, et al. “Wealth Effects of Credit Risk Securitization in European Banking.” Journal of Business Finance and Accounting, vol. 39, no. 1 & 2, 2012, pp. 193–228, doi:https://doi.org/10.1111/j.1468-5957.2012.02273.x. short: C. Farruggio, T.C. Michalak, A. Uhde, Journal of Business Finance and Accounting 39 (2012) 193–228. date_created: 2018-09-14T12:44:33Z date_updated: 2023-01-10T09:35:34Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1111/j.1468-5957.2012.02273.x extern: '1' intvolume: ' 39' issue: 1&2 jel: - G - F keyword: - wealth effects - credit risk securitization - Europe - event study language: - iso: eng page: 193-228 publication: Journal of Business Finance and Accounting publication_status: published status: public title: Wealth effects of credit risk securitization in European Banking type: journal_article user_id: '21810' volume: 39 year: '2012' ...