TY - JOUR AB - 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. AU - Michalak, Tobias C. AU - Uhde, André ID - 4399 IS - 3 JF - Quarterly Review of Economics and Finance KW - Credit risk securitization Bank soundness European banking TI - Credit risk securitization and bank soundness: Evidence from the microlevel for Europe VL - 52 ER - TY - JOUR AB - 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. AU - Müller, Oliver AU - Uhde, André ID - 4401 JF - Journal of International Financial Markets, Institutions & Money KW - Foreign bank claims KW - Gravity measures KW - OECD banking markets’ characteristics KW - Lending banks’ characteristics TI - Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets VL - 23 ER - TY - JOUR AB - 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. AU - Farruggio, Christian AU - Michalak, Tobias C. AU - Uhde, André ID - 4403 IS - 1&2 JF - Journal of Business Finance and Accounting KW - wealth effects KW - credit risk securitization KW - Europe KW - event study TI - Wealth effects of credit risk securitization in European Banking VL - 39 ER - TY - JOUR AB - This contribution presents and discusses main results of a new survey on the assessment of supervisory quality among German banks in 2010. In particular, it is analyzed if and how supervised banks’ perception of the quality of supervisory authorities and their instruments has changed due to the financial crisis starting in mid-2007. Subsequently, results from the recent survey are compared with findings provided by a former study carried out by the authors in 2006 (Paul, Stein and Uhde, 2008). AU - Paul, Stephan AU - Stein, Stefan AU - Uhde, André ID - 4402 IS - 3 JF - Journal of Governance and Regulation KW - banking supervision KW - quality KW - assessment KW - banking sector TI - Measuring the quality of banking supervision revisited - Assessments by German banks before and during the financial crisis VL - 1 ER - TY - GEN AB - Employing time series of single-name CDS market spreads from 29 European banks located in the EU-12 plus Switzerland and the UK over the period from January 2004 through September 2010 this paper analyses the relationship between increasing sovereign risk and bank-specific CDS pricing. Results from calculating relative CDS spread deviations (model minus market spreads) initially reveal a price bubble in the European CDS market until the beginning of the financial crisis in mid-2007. From this point in time the gap narrows remarkably during the financial crisis and sovereign debt crisis period. Corresponding to these findings, the empirical analysis reveals a negative impact of sovereign risk on calculated CDS spread differentials indicating a spill-over effect between sovereign risk and bank risk and hence, a positive effect on bank-specific CDS pricing. Further analyses reveal that the perception of sovereign risk is not crisis- but country-dependent suggesting that bank-specific CDS market spreads may already include a premium to cover sovereign risk from PIIGS countries during the pre-crisis period in Europe. AU - Meine, Christian AU - Michalak, Tobias C. AU - Uhde, André ID - 36015 KW - Sovereign risk KW - Structural credit risk models KW - bank-specific CDS pricing TI - Sovereign Risk and Bank-Specific CDS Pricing ER - TY - JOUR AU - Ebert, Michael AU - Zein, Nicole ID - 23414 IS - 4 JF - Betriebswirtschaftliche Forschung und Praxis TI - Wertorientierte Vergütung des Aufsichtsrats - Auswirkungen auf den Unternehmenswert ER - TY - JOUR AU - Maßbaum, Alexandra AU - Klotzkowski, Tasja AU - Sureth-Sloane, Caren ID - 5054 IS - 12 JF - Zeitschrift für Betriebswirtschaft SN - 0044-2372 TI - Der Einfluss der Zinsschranke auf unternehmerische Kapitalstrukturentscheidungen VL - 82 ER - TY - JOUR AU - Sureth-Sloane, Caren ID - 5058 IS - S5 JF - Zeitschrift für Betriebswirtschaft SN - 0044-2372 TI - Does insider shareholding matter to corporate payout reactions to tax reforms? VL - 82 ER - TY - JOUR AU - Albers, Sönke AU - Sureth, Caren ID - 14914 IS - 2 JF - Business Research SN - 2198-3402 TI - Editorial: What Is and What Is Not a Substantial Contribution? VL - 5 ER - TY - CONF AU - Garnefeld, I. AU - Münkhoff, Eva AU - Bruns, A. ID - 46698 T2 - 2012 AMA Summer Academic Conference, Chicago, IL TI - I thought it was all over and now it is back again – Customer reactions to time extensions of sales promotions ER - TY - CONF AU - Eggert, A. AU - Münkhoff, Eva AU - Thiesbrummel, C. ID - 46699 T2 - 2012 AMA Winter Academic Conference, St. Petersburg, FL TI - Growing with industrial services – A configurational approach (ausgezeichnet mit Best Paper Award) ER - TY - CHAP AU - Isidor, Rodrigo AU - Schwens, Christian AU - Kabst, Rüdiger ID - 49285 SN - 9783834935038 T2 - Markteintrittsstrategien TI - Die Messung von Joint-Venture-Erfolg ER - TY - CHAP AU - Isidor, Rodrigo AU - Schwens, Christian AU - Kabst, Rüdiger ID - 49289 SN - 9783834935038 T2 - Markteintrittsstrategien TI - Die Messung von Joint-Venture-Erfolg ER - TY - CHAP AU - Isidor, Rodrigo AU - Schwens, Christian AU - Kabst, Rüdiger ID - 49288 SN - 9783834935038 T2 - Markteintrittsstrategien TI - Die Messung von Joint-Venture-Erfolg ER - TY - JOUR AU - Baum, Matthias AU - Schwens, C. AU - Kabst, Rüdiger ID - 49276 JF - Handbook of Research on Born Globals TI - Determinants of different types of born globals ER - TY - JOUR AU - Baum, Matthias AU - Schwens, C. AU - Kabst, Rüdiger ID - 49271 JF - Handbook of Research on Born Globals TI - Determinants of different types of born globals ER - TY - CHAP AU - Harborth, Oliver ED - Betz, Stefan ID - 50343 SN - 978-3-8300-6131-1 T2 - Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand - TI - Transport- und Bestellmengenplanung in Supply Chains ER - TY - CHAP AU - Heitmann, Ingmar ED - Betz, Stefan ID - 50350 SN - 978-3-8300-6131-1 T2 - Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand - TI - Financial Chain Management als Koordinationsinstrument für Investitionsprojekte in Supply Chains ER - TY - THES AU - Koch, Christian ID - 50359 SN - 978-3-8300-6842-2 TI - Segmentspezifische und multikriterielle Bewertung von Standorten international agierender Unternehmen ER - TY - CHAP AU - Opitz, Oliver ED - Betz, Stefan ID - 50388 SN - 978-3-8300-6131-1 T2 - Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand TI - Value Based Supply Chain Management (VBSCM) ER - TY - CHAP AU - Faupel, Christian ED - Betz, Stefan ID - 50399 SN - 978-3-8300-6131-1 T2 - Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand TI - Value Based Supply Chain Management (VBSCM) ER - TY - CONF AU - Eggert, A. AU - Garnefeld, I. AU - Steinhoff, Lena ID - 45750 T2 - 2012 AMA Summer Marketing Educators’ Conference Proceedings, Chicago TI - The Bright and Dark Side of Endowed Status in Hierarchical Loyalty Programs ER - TY - CONF AU - Eggert, A. AU - Garnefeld, I. AU - Steinhoff, Lena ID - 45751 T2 - 2012 AMA Winter Marketing Educators’ Conference Proceedings, St. Petersburg TI - Endowed Status in Hierarchical Loyalty Programs ER - TY - JOUR AB - In this paper we introduce the concept of an overall power function that is meant to combine two sources of a party’s power in a parliament. The first source is based on the possibilities for the party to be part of a majority coalition and it is typically modeled using a cooperative simple game. The second source takes into account parties’ asymmetries outside the cooperative game and it is displayed by a vector of exogenously given weights. We adopt a normative point of view and provide an axiomatic characterization of a specific overall power function, in which the weights enter in a proportional fashion. AU - Dimitrov, Dinko AU - Haake, Claus-Jochen ID - 2512 IS - 2 JF - International Journal of Economic Theory SN - 1742-7355 TI - Proportionality and the power of unequal parties VL - 7 ER - TY - CHAP AU - Betz, Stefan ED - Betz, Stefan ID - 2606 T2 - Ausgewählte Probleme des Logistikmanagements TI - Internationale Standortwahl als strategisches Logistikproblem ER - TY - CHAP AU - Betz, Stefan ED - Betz, Stefan ID - 2607 T2 - Ausgewählte Probleme des Logistikmanagements TI - Bedarfsorientiertes Kapazitätsmanagement in Supply Chains ER - TY - JOUR AU - Diller, M. AU - Kundisch, Dennis AU - Späth, T. ID - 2644 IS - 3 JF - CORPORATE FINANCE biz TI - Zur Bewertung von Verlustgesellschaften nach den Änderungen des §8c KStG durch das Wachstumsbeschleunigungsgesetz ER - TY - BOOK ED - Betz, Stefan ID - 2669 TI - Ausgewählte Probleme des Logistikmanagements ER - TY - CHAP AU - Gries, Thomas ED - Welfens, Paul J.J. ID - 3290 SN - 978-3-642-17606-7 T2 - Zukunftsfähige Wirtschaftspolitik für Deutschland und Europa TI - Internationale Umweltpolitik bei akkumulierender und asymmetrischer Verschmutzungsdynamik ER - TY - CONF AU - Becker, Jörg AU - Beverungen, Daniel AU - Breuker, Dominic ID - 3454 T2 - XII European Workshop on Efficiency and Productivity Analysis (Abstract) TI - Conceptualizing Service Network Productivity --- A Looped DEA Approach ER - TY - CONF AU - Becker, Jörg AU - Beverungen, Daniel AU - Breuker, Dominic AU - Dietrich, Hanns-Alexander AU - Knackstedt, Ralf AU - Peter Rauer, Hans ID - 3455 T2 - ECIS 2011 Proceedings TI - How to Model Service Productivity for Data Envelopment Analysis? A Meta-Design Approach ER - TY - CONF AU - Becker, Jörg AU - Beverungen, Daniel AU - Knackstedt, Ralf AU - Dietrich, Hanns-Alexander AU - Breuker, Dominic AU - Peter Rauer, Hans AU - Sigge, Daniel ID - 3456 T2 - XXI. International RESER Conference TI - Do we need new theories on service productivity? --- Status Quo and implications from contemporary research ER - TY - CONF AU - Becker, Jörg AU - Beverungen, Daniel AU - Knackstedt, Ralf AU - Matzner, Martin AU - Müller, Oliver ID - 3457 SN - 1530-1605 T2 - Proceedings of the 44th Annual Hawaii International Conference on System Sciences TI - Information Needs in Service Systems --- A Framework for Integrating Service and Manufacturing Business Processes ER - TY - CONF AU - Becker, Jörg AU - Beverungen, Daniel AU - Matzner, Martin AU - Müller, Oliver AU - Pöppelbuß, Jens ED - Jain, Hemant ED - P. Sinha, Atish ED - Vitharana, Padmal ID - 3458 T2 - International Conference on Design Science Research in Information Systems and Technology TI - Design Science in Service Research: A Framework-Based Review of IT Artifacts in Germany ER - TY - CONF AU - Beverungen, Daniel ID - 3459 T2 - 32th International Conference on Information Systems (ICIS) TI - Mapping the Emerging Field of Service Science: Insights from a Citation Network and Cocitation Network Analysis ER - TY - CONF AU - Beverungen, Daniel AU - Kohlborn, Thomas AU - Fielt, Erwin ID - 3460 T2 - 22nd Australasian Conference on Information Systems (ACIS) TI - The Morphology of Service Bundling Settings ER - TY - CONF AU - Beverungen, Daniel AU - Wittchen, Marion AU - Becker, Jörg ID - 3461 T2 - Proceedings of the 19th European Conference on Information Systems TI - Where are the participants? Including motivational aspects into theorizing and design in IS Research ER - TY - CONF AU - Hellingrath, Bernd AU - Becker, Jörg AU - Beverungen, Daniel AU - Böhle, Carsten AU - Räckers, Michael ID - 3462 T2 - EMNet TI - On the Coalescence of Supply Networks and Information Systems ER - TY - JOUR AU - Becker, Jörg AU - Beverungen, Daniel AU - Knackstedt, Ralf AU - Müller, Oliver ID - 3502 IS - 2 JF - Enterprise Modelling and Information Systems Architectures TI - Pricing of Value Bundles: A Multi-Perspective Decision Support Approach ER - TY - JOUR AU - Gries, Thomas AU - Naudé, Wim ID - 2953 IS - 3-4 JF - Journal of Public Economics TI - Entrepreneurship and human development - A capability approach VL - 95 ER - TY - JOUR AU - Gries, Thomas AU - Naudé, Wim ID - 2954 IS - 3 JF - Entrepreneurship Research Journal TI - Entrepreneurship, Structural Change and a Global Economic Crisis VL - 1 ER - TY - JOUR AU - Gries, Thomas AU - Wieneke, Axel ID - 2955 IS - 2 JF - Journal of Comparative Economics TI - SME performance in transition economies: The financial regulation and firm level corruption nexus VL - 39 ER - TY - JOUR AU - Gries, Thomas AU - Gravemeyer, Stefan AU - Xue, Jinjun ID - 3052 IS - 7 JF - Urban Studies TI - Income Determination and Income Discrimination in Shenzhen VL - 48 ER - TY - JOUR AU - Gries, Thomas AU - Kraft, Manfred AU - Meierrieks, Daniel ID - 3053 IS - 30 JF - Applied Economics TI - Financial Deepening, Trade Openness and Economic Growth in Latin America and the Caribbean VL - 43 ER - TY - JOUR AU - Gries, Thomas AU - Krieger, Tim AU - Meierrieks, Daniel ID - 3054 IS - 5 JF - Defence and Peace Economics TI - Causal Linkages Between Domestic Terrorism and Economic Growth VL - 22 ER - TY - JOUR AU - Gries, Thomas AU - Kraft, Manfred AU - Piek, Christina ID - 3058 IS - 3 JF - The Annals of Regional Science TI - Interregional Migration, Self-selection and the Returns to Education in Brazil VL - 46 ER - TY - GEN AU - Gries, Thomas AU - Redlin, Margarete ID - 2734 TI - Trade Openness and Economic Growth: A Panel Causality Analysis VL - 2011-06 ER - TY - GEN AU - Herrmann, Philipp AU - Kundisch, Dennis AU - Rahman, Mohammad ID - 2771 T2 - 12th Workshop on Information Systems and Economics (WISE) TI - The Impact of Delegating Decision Making to IT on the Sunk Cost Effect ER - TY - GEN AU - Herrmann, Philipp AU - Kundisch, Dennis AU - Rahman, Mohammad ID - 2772 T2 - INFORMS 2011 Annual Meeting, Track Digital Channel and It Usage TI - Sunk Cost Effect: The Impact of Delegating Decision Making to IT ER - TY - GEN AU - Herrmann, Philipp AU - Kundisch, Dennis AU - Rahman, Mohammad ID - 2773 T2 - 7th Symposium on Statistical Challenges in Electronic Commerce Research TI - Sunk Cost Effect: The Impact of Delegating Decision Making to IT ER -