[{"language":[{"iso":"eng"}],"_id":"65685","ddc":["040"],"user_id":"51867","author":[{"first_name":"Sarah","last_name":"Herwald","full_name":"Herwald, Sarah","id":"51867"},{"first_name":"André","last_name":"Uhde","full_name":"Uhde, André","id":"36049"}],"jel":["G21","G28"],"title":"Securitization and Market Power – Evidence from European Banks","status":"public","year":"2026","has_accepted_license":"1","date_updated":"2026-05-27T06:50:46Z","date_created":"2026-05-26T11:29:46Z","file":[{"creator":"sherwald","date_created":"2026-05-26T11:10:31Z","file_name":"Herwald und Uhde (2026).pdf","access_level":"closed","file_size":681627,"relation":"main_file","date_updated":"2026-05-26T11:10:31Z","file_id":"65688","success":1,"content_type":"application/pdf"}],"department":[{"_id":"19"}],"type":"working_paper","keyword":["Securitization","market power","European banking"],"citation":{"ama":"Herwald S, Uhde A. <i>Securitization and Market Power – Evidence from European Banks</i>.; 2026.","bibtex":"@book{Herwald_Uhde_2026, title={Securitization and Market Power – Evidence from European Banks}, author={Herwald, Sarah and Uhde, André}, year={2026} }","mla":"Herwald, Sarah, and André Uhde. <i>Securitization and Market Power – Evidence from European Banks</i>. 2026.","short":"S. Herwald, A. Uhde, Securitization and Market Power – Evidence from European Banks, 2026.","chicago":"Herwald, Sarah, and André Uhde. <i>Securitization and Market Power – Evidence from European Banks</i>, 2026.","apa":"Herwald, S., &#38; Uhde, A. (2026). <i>Securitization and Market Power – Evidence from European Banks</i>.","ieee":"S. Herwald and A. Uhde, <i>Securitization and Market Power – Evidence from European Banks</i>. 2026."},"file_date_updated":"2026-05-26T11:10:31Z","abstract":[{"lang":"eng","text":"Employing a unique hand-collected sample of 881 securitization transactions issued by 59 stock-listed banks across the EU-13 plus Switzerland over the period from 1997 to 2010, this paper empirically investigates if and how market power in the loan and deposit market may influence European banks’ incentives to engage in securitization activities. We construct product-specific residual Lerner Indices to measure market power in the loan and deposit market separately. Our results suggest that banks with higher loan and deposit market power securitize less, consistent with a reduced need for risk transfer and a reduced reliance on market-based funding. Various sensitivity analyses further show that these relationships vary across underlyings, issuance frequencies, and different time stages of securitization in Europe. Our findings contribute to the literature by disentangling loan and deposit market power as two further distinct determinants of securitization and thus, offer important insights regarding the ongoing policy debates on the consolidation of European banking markets and the revitalisation of the European securitization market."}]},{"title":"Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung","status":"public","year":"2026","publication_identifier":{"isbn":["978-3-7910-6577-9"]},"author":[{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"},{"full_name":"Paul, Stephan","first_name":"Stephan","last_name":"Paul"},{"first_name":"Andreas","last_name":"Horsch","full_name":"Horsch, Andreas"},{"last_name":"Kaltofen","first_name":"Daniel","full_name":"Kaltofen, Daniel"},{"full_name":"Weiß, Gregor","first_name":"Gregor","last_name":"Weiß"}],"publication_status":"published","date_updated":"2026-05-27T10:57:39Z","_id":"65699","edition":"2. Auflage","language":[{"iso":"ger"}],"user_id":"36049","citation":{"mla":"Uhde, André, et al. <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>. 2. Auflage, 2026.","ama":"Uhde A, Paul S, Horsch A, Kaltofen D, Weiß G. <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>. 2. Auflage.; 2026.","bibtex":"@book{Uhde_Paul_Horsch_Kaltofen_Weiß_2026, edition={2. Auflage}, title={Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung}, author={Uhde, André and Paul, Stephan and Horsch, Andreas and Kaltofen, Daniel and Weiß, Gregor}, year={2026} }","apa":"Uhde, A., Paul, S., Horsch, A., Kaltofen, D., &#38; Weiß, G. (2026). <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i> (2. Auflage).","ieee":"A. Uhde, S. Paul, A. Horsch, D. Kaltofen, and G. Weiß, <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>, 2. Auflage. 2026.","short":"A. Uhde, S. Paul, A. Horsch, D. Kaltofen, G. Weiß, Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung, 2. Auflage, 2026.","chicago":"Uhde, André, Stephan Paul, Andreas Horsch, Daniel Kaltofen, and Gregor Weiß. <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>. 2. Auflage., 2026."},"date_created":"2026-05-27T10:56:28Z","type":"book","department":[{"_id":"19"}]},{"file_date_updated":"2026-07-14T07:50:01Z","citation":{"ama":"Voigt S, Uhde A. <i>The Impact of Market Power on Banks’ ESG Scores - Evidence from Europe and North America</i>.","bibtex":"@book{Voigt_Uhde, title={The impact of market power on banks’ ESG scores - evidence from Europe and North America}, author={Voigt, Simone and Uhde, André} }","mla":"Voigt, Simone, and André Uhde. <i>The Impact of Market Power on Banks’ ESG Scores - Evidence from Europe and North America</i>.","short":"S. Voigt, A. Uhde, The Impact of Market Power on Banks’ ESG Scores - Evidence from Europe and North America, n.d.","chicago":"Voigt, Simone, and André Uhde. <i>The Impact of Market Power on Banks’ ESG Scores - Evidence from Europe and North America</i>, n.d.","apa":"Voigt, S., &#38; Uhde, A. (n.d.). <i>The impact of market power on banks’ ESG scores - evidence from Europe and North America</i>.","ieee":"S. Voigt and A. Uhde, <i>The impact of market power on banks’ ESG scores - evidence from Europe and North America</i>. ."},"status":"public","jel":["G21","G28"],"has_accepted_license":"1","page":"55","_id":"65686","user_id":"50109","ddc":["040"],"abstract":[{"lang":"eng","text":"This paper empirically examines the relationship between market power and Environmental, Social, and Governance (ESG) scores of banks in Europe and North America from 2010 to 2021, focusing separately on loan and deposit markets. Employing the Lerner Index as a non-structural measure of market power, our findings suggest that the impact of banking market power on ESG scores varies by region and the respective loan or deposit market. We find a negative effect of loan and deposit market power on ESG scores of European banks whereas the opposite effect can be observed for North American banks exhibiting loan market power. Further sensitivity analyses reveal that factors such as banks being Global Systemically Important (G-SIBs), and different ESG-related events like the Paris Agreement, the reemergence of the #MeToo movement and the COVID-19 pandemic may also explain the relationship between bank market power and ESG scores. Overall, our results underline that banking market power plays a pivotal role in enforcing ESG commitments in banking, offering key insights for policymakers, regulators, and banking stakeholders."}],"file":[{"date_created":"2026-07-14T07:50:01Z","creator":"simonevo","file_id":"66475","content_type":"application/pdf","success":1,"relation":"main_file","date_updated":"2026-07-14T07:50:01Z","file_name":"Voigt und Uhde (2026)_corr.pdf","file_size":849260,"access_level":"closed"}],"date_created":"2026-05-26T11:29:08Z","type":"working_paper","keyword":["Market Power","ESG scores","European and North American banking markets"],"department":[{"_id":"19"}],"year":"2026","title":"The impact of market power on banks' ESG scores - evidence from Europe and North America","author":[{"id":"50109","first_name":"Simone","last_name":"Voigt","full_name":"Voigt, Simone"},{"last_name":"Uhde","first_name":"André","full_name":"Uhde, André","id":"36049"}],"publication_status":"draft","date_updated":"2026-07-14T07:50:16Z","language":[{"iso":"eng"}]},{"date_created":"2026-07-13T09:21:49Z","file":[{"content_type":"application/pdf","file_id":"66450","date_updated":"2026-07-13T09:21:45Z","relation":"main_file","access_level":"open_access","file_size":1830858,"file_name":"TAF_WP_105_HankeUhdeFeng2026.pdf","date_created":"2026-07-13T09:21:45Z","creator":"dhanke"}],"department":[{"_id":"200"},{"_id":"186"}],"oa":"1","keyword":["semiparametric GARCH extension","data-driven local polynomial smoother","long  memory","GARCH models","Value at Risk","Expected Shortfall","traffic light test","backtesting","Basel  III","market risk"],"type":"working_paper","citation":{"mla":"Hanke, Dominik Christian, et al. <i>Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III</i>. 2026.","ama":"Hanke DC, Uhde A, Feng Y. <i>Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III</i>.; 2026.","bibtex":"@book{Hanke_Uhde_Feng_2026, title={Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III}, author={Hanke, Dominik Christian and Uhde, André and Feng, Yuanhua}, year={2026} }","apa":"Hanke, D. C., Uhde, A., &#38; Feng, Y. (2026). <i>Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III</i>.","ieee":"D. C. Hanke, A. Uhde, and Y. Feng, <i>Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III</i>. 2026.","chicago":"Hanke, Dominik Christian, André Uhde, and Yuanhua Feng. <i>Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III</i>, 2026.","short":"D.C. Hanke, A. Uhde, Y. Feng, Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III, 2026."},"file_date_updated":"2026-07-13T09:21:45Z","abstract":[{"text":"This paper evaluates the forecasting performance of an expanded class of (semi-)parametric \r\nGARCH models belonging to the EGARCH family (EGF), including recently introduced long  \r\nand short memory specifications and their semiparametric extensions. The semiparametric \r\nvariants employ a multiplicative volatility decomposition into conditional and slowly varying \r\nunconditional components, where the latter is estimated via a data-driven local polynomial \r\nsmoother to accommodate non-stationarities commonly observed in financial time series. Based \r\non the revised Basel Committee framework for market-risk assessment, all models are capable \r\nof producing rolling one-day-ahead forecasts for Value at Risk (VaR) and Expected Shortfall \r\n(ES) under a wide range of symmetric and skewed innovation distributions. Their forecasting \r\naccuracy is examined using the regulatory traffic light tests for VaR and the recently developed \r\nES-specific traffic light procedure, complemented by the regulatory loss function. In addition, \r\nmodel selection incorporates both a recently proposed corrected firm-oriented loss function that \r\naccounts for opportunity costs and the Weighted Absolute Deviation (WAD) criterion. The \r\nempirical comparison demonstrates that (semiparametric) long memory GARCH models - \r\nparticularly those combining fractional dynamics with nonparametric scale adjustments - can \r\nserve as valuable alternatives to traditional parametric short memory models, offering more \r\nstable volatility estimates and improved tail-risk forecasts for practical risk management \r\napplications.","lang":"eng"}],"_id":"66449","language":[{"iso":"eng"}],"user_id":"63677","ddc":["330"],"author":[{"full_name":"Hanke, Dominik Christian","first_name":"Dominik Christian","last_name":"Hanke","id":"63677"},{"id":"36049","full_name":"Uhde, André","first_name":"André","last_name":"Uhde"},{"id":"20760","full_name":"Feng, Yuanhua","first_name":"Yuanhua","last_name":"Feng"}],"jel":["C22","C4","C5","C6","B26"],"status":"public","title":"Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH Models under Regulatory Requirements of Basel III","year":"2026","has_accepted_license":"1","date_updated":"2026-07-16T09:07:19Z"},{"author":[{"full_name":"Hanke, Dominik Christian","last_name":"Hanke","first_name":"Dominik Christian","id":"63677"},{"full_name":"Feng, Yuanhua","last_name":"Feng","first_name":"Yuanhua","id":"20760"},{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"}],"jel":["C4","C5","B23","B26","C32"],"year":"2026","status":"public","title":"Comparing the behaviors of some original short  and long memory exponential volatility models","has_accepted_license":"1","date_updated":"2026-07-16T09:07:24Z","_id":"66447","language":[{"iso":"eng"}],"ddc":["330"],"user_id":"63677","citation":{"bibtex":"@book{Hanke_Feng_Uhde_2026, title={Comparing the behaviors of some original short  and long memory exponential volatility models}, author={Hanke, Dominik Christian and Feng, Yuanhua and Uhde, André}, year={2026} }","ama":"Hanke DC, Feng Y, Uhde A. <i>Comparing the Behaviors of Some Original Short  and Long Memory Exponential Volatility Models</i>.; 2026.","mla":"Hanke, Dominik Christian, et al. <i>Comparing the Behaviors of Some Original Short  and Long Memory Exponential Volatility Models</i>. 2026.","chicago":"Hanke, Dominik Christian, Yuanhua Feng, and André Uhde. <i>Comparing the Behaviors of Some Original Short  and Long Memory Exponential Volatility Models</i>, 2026.","short":"D.C. Hanke, Y. Feng, A. Uhde, Comparing the Behaviors of Some Original Short  and Long Memory Exponential Volatility Models, 2026.","ieee":"D. C. Hanke, Y. Feng, and A. Uhde, <i>Comparing the behaviors of some original short  and long memory exponential volatility models</i>. 2026.","apa":"Hanke, D. C., Feng, Y., &#38; Uhde, A. (2026). <i>Comparing the behaviors of some original short  and long memory exponential volatility models</i>."},"file_date_updated":"2026-07-13T09:14:58Z","abstract":[{"lang":"eng","text":"Volatility modeling is utilized across numerous fields including finance, environmental studies, and \r\nsocial sciences. It is particularly relevant in scenarios where understanding and predicting conditional \r\nvariability is crucial, such as when dealing with incremental or time-dependent data. In this paper, novel \r\nshort and long memory volatility models of the EGARCH family are introduced and analyzed, which \r\nare closely related to the well-established EGARCH model proposed by Nelson (1991) but share \r\ndesirable theoretical properties in several dimensions. Recently developed members of the so-called \r\nEGARCH family, which introduces a modulus-log transformation proposed by John and Draper (1980) \r\nand a power transformation for the size and magnitude effect to tackle the problem with near-zero \r\ninnovations and the asymmetric impact of positive and negative shocks on the volatility, are discussed. \r\nAfter a theoretical discussion of the proposed and related volatility models, the practical performance \r\nof the elaborated volatility models is compared to well-established and traditional GARCH approaches. \r\nA general QMLE algorithm is proposed to estimate the model parameters. The practical relevance of the \r\nadvanced models is illustrated through a comparative study. By applying these volatility models to a \r\nvariety of international stock index returns, this paper identifies market-specific characteristics as well \r\nas unique strengths and weaknesses of discussed volatility models. Although the practical performance \r\nof the recently introduced models is comparable to those obtained by the traditional EGARCH model, \r\nthey generally outperform traditional non-exponential volatility models used as benchmarks and thus \r\nprovide a useful alternative to existing short and long memory volatility models. "}],"date_created":"2026-07-13T09:15:09Z","file":[{"file_id":"66448","content_type":"application/pdf","file_name":"TAF_WP_104_HankeFengUhde2026.pdf","access_level":"open_access","file_size":1169286,"relation":"main_file","date_updated":"2026-07-13T09:14:58Z","date_created":"2026-07-13T09:14:58Z","creator":"dhanke"}],"oa":"1","department":[{"_id":"186"}],"keyword":["Modulus Log-GARCH","Modified (FI)EGARCH","Modulus asymmetric (FI)Log-GARCH","(FI)EGARCH","long memory","modulus-log transformation","QMLE","model selection","implementation in  R"],"type":"working_paper"},{"_id":"59676","language":[{"iso":"eng"}],"user_id":"36049","publication_identifier":{"isbn":["978-3-7910-3086-9"]},"author":[{"id":"36049","full_name":"Uhde, André","first_name":"André","last_name":"Uhde"}],"title":"Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm","year":"2025","status":"public","date_updated":"2025-04-25T06:05:18Z","date_created":"2025-04-25T05:53:00Z","department":[{"_id":"19"}],"type":"book_chapter","citation":{"ieee":"A. Uhde, “Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm,” in <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.","mla":"Uhde, André. “Unternehmensbewertung Als Verknüpfung von Investitions- Und Finanzierungsprogramm.” <i>Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung</i>, 2025.","apa":"Uhde, A. (2025). Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm. In <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>.","bibtex":"@inbook{Uhde_2025, title={Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm}, booktitle={Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung}, author={Uhde, André}, year={2025} }","chicago":"Uhde, André. “Unternehmensbewertung Als Verknüpfung von Investitions- Und Finanzierungsprogramm.” In <i>Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung</i>, 2025.","short":"A. Uhde, in: Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung, 2025.","ama":"Uhde A. Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm. In: <i>Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung</i>. ; 2025."},"publication":"Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung"},{"year":"2025","title":"Ermittlung der Kosten des Eigen- und Fremdkapitals","status":"public","author":[{"last_name":"Uhde","first_name":"André","full_name":"Uhde, André","id":"36049"}],"publication_identifier":{"isbn":["978-3-7910-3086-9"]},"date_updated":"2025-04-25T06:05:12Z","_id":"59674","language":[{"iso":"ger"}],"user_id":"36049","publication":"Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung","citation":{"apa":"Uhde, A. (2025). Ermittlung der Kosten des Eigen- und Fremdkapitals. In <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>.","ieee":"A. Uhde, “Ermittlung der Kosten des Eigen- und Fremdkapitals,” in <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.","chicago":"Uhde, André. “Ermittlung der Kosten des Eigen- und Fremdkapitals.” In <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.","short":"A. Uhde, in: Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung, 2025.","mla":"Uhde, André. “Ermittlung der Kosten des Eigen- und Fremdkapitals.” <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.","ama":"Uhde A. Ermittlung der Kosten des Eigen- und Fremdkapitals. In: <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>. ; 2025.","bibtex":"@inbook{Uhde_2025, title={Ermittlung der Kosten des Eigen- und Fremdkapitals}, booktitle={Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung}, author={Uhde, André}, year={2025} }"},"date_created":"2025-04-25T05:50:54Z","type":"book_chapter","department":[{"_id":"19"}]},{"user_id":"36049","language":[{"iso":"eng"}],"_id":"59675","date_updated":"2025-04-25T06:05:15Z","year":"2025","title":"Relevanz und Wertbeitrag der Kapitalstruktur","status":"public","publication_identifier":{"isbn":["978-3-7910-3086-9"]},"author":[{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"}],"type":"book_chapter","department":[{"_id":"19"}],"date_created":"2025-04-25T05:52:00Z","publication":"Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung","citation":{"mla":"Uhde, André. “Relevanz Und Wertbeitrag Der Kapitalstruktur.” <i>Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung</i>, 2025.","bibtex":"@inbook{Uhde_2025, title={Relevanz und Wertbeitrag der Kapitalstruktur}, booktitle={Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung}, author={Uhde, André}, year={2025} }","ama":"Uhde A. Relevanz und Wertbeitrag der Kapitalstruktur. In: <i>Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung</i>. ; 2025.","ieee":"A. Uhde, “Relevanz und Wertbeitrag der Kapitalstruktur,” in <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.","apa":"Uhde, A. (2025). Relevanz und Wertbeitrag der Kapitalstruktur. In <i>Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung</i>.","short":"A. Uhde, in: Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung, 2025.","chicago":"Uhde, André. “Relevanz Und Wertbeitrag Der Kapitalstruktur.” In <i>Unternehmerische Finanzierungspolitik – Eine Wertorientierte Einführung</i>, 2025."}},{"year":"2025","status":"public","title":"Wirtschaftswissenschaftliche Forschungsrichtungen vor der Neoklassik","publication_identifier":{"isbn":["3800632128"]},"author":[{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"}],"date_updated":"2025-04-25T06:05:38Z","language":[{"iso":"eng"}],"_id":"59677","user_id":"36049","publication":"Institutionenökonomie und Betriebswirtschaftslehre","citation":{"chicago":"Uhde, André. “Wirtschaftswissenschaftliche Forschungsrichtungen Vor Der Neoklassik.” In <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>, 2025.","short":"A. Uhde, in: Institutionenökonomie Und Betriebswirtschaftslehre, 2025.","ieee":"A. Uhde, “Wirtschaftswissenschaftliche Forschungsrichtungen vor der Neoklassik,” in <i>Institutionenökonomie und Betriebswirtschaftslehre</i>, 2025.","apa":"Uhde, A. (2025). Wirtschaftswissenschaftliche Forschungsrichtungen vor der Neoklassik. In <i>Institutionenökonomie und Betriebswirtschaftslehre</i>.","bibtex":"@inbook{Uhde_2025, title={Wirtschaftswissenschaftliche Forschungsrichtungen vor der Neoklassik}, booktitle={Institutionenökonomie und Betriebswirtschaftslehre}, author={Uhde, André}, year={2025} }","ama":"Uhde A. Wirtschaftswissenschaftliche Forschungsrichtungen vor der Neoklassik. In: <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>. ; 2025.","mla":"Uhde, André. “Wirtschaftswissenschaftliche Forschungsrichtungen Vor Der Neoklassik.” <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>, 2025."},"date_created":"2025-04-25T05:55:44Z","type":"book_chapter","department":[{"_id":"19"}]},{"user_id":"36049","_id":"59678","language":[{"iso":"eng"}],"date_updated":"2025-04-25T06:05:21Z","status":"public","title":"Grundlagen der Principal-Agent-Theorie","year":"2025","publication_identifier":{"isbn":["3800632128"]},"author":[{"id":"36049","first_name":"André","last_name":"Uhde","full_name":"Uhde, André"}],"type":"book_chapter","department":[{"_id":"19"}],"date_created":"2025-04-25T05:56:40Z","publication":"Institutionenökonomie und Betriebswirtschaftslehre","citation":{"short":"A. Uhde, in: Institutionenökonomie Und Betriebswirtschaftslehre, 2025.","chicago":"Uhde, André. “Grundlagen Der Principal-Agent-Theorie.” In <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>, 2025.","ieee":"A. Uhde, “Grundlagen der Principal-Agent-Theorie,” in <i>Institutionenökonomie und Betriebswirtschaftslehre</i>, 2025.","apa":"Uhde, A. (2025). Grundlagen der Principal-Agent-Theorie. In <i>Institutionenökonomie und Betriebswirtschaftslehre</i>.","bibtex":"@inbook{Uhde_2025, title={Grundlagen der Principal-Agent-Theorie}, booktitle={Institutionenökonomie und Betriebswirtschaftslehre}, author={Uhde, André}, year={2025} }","ama":"Uhde A. Grundlagen der Principal-Agent-Theorie. In: <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>. ; 2025.","mla":"Uhde, André. “Grundlagen Der Principal-Agent-Theorie.” <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>, 2025."}},{"citation":{"bibtex":"@book{Uhde_Paul_Horsch_Kaltofen_Weiß_2025, title={Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung}, year={2025} }","ama":"Uhde A, Paul S, Horsch A, Kaltofen D, Weiß G, eds. <i>Unternehmerische Finanzierungspolitik - Eine Wertorientierte Einführung</i>.; 2025.","mla":"Uhde, André, et al., editors. <i>Unternehmerische Finanzierungspolitik - Eine Wertorientierte Einführung</i>. 2025.","short":"A. Uhde, S. Paul, A. Horsch, D. Kaltofen, G. Weiß, eds., Unternehmerische Finanzierungspolitik - Eine Wertorientierte Einführung, 2025.","chicago":"Uhde, André, Stephan Paul, Andreas Horsch, Daniel Kaltofen, and Gregor Weiß, eds. <i>Unternehmerische Finanzierungspolitik - Eine Wertorientierte Einführung</i>, 2025.","ieee":"A. Uhde, S. Paul, A. Horsch, D. Kaltofen, and G. Weiß, Eds., <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>. 2025.","apa":"Uhde, A., Paul, S., Horsch, A., Kaltofen, D., &#38; Weiß, G. (Eds.). (2025). <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>."},"date_created":"2025-04-25T06:03:39Z","type":"book_editor","department":[{"_id":"19"}],"year":"2025","title":"Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung","status":"public","publication_identifier":{"isbn":["978-3-7910-3086-9"]},"date_updated":"2025-04-25T06:05:26Z","_id":"59681","language":[{"iso":"eng"}],"user_id":"36049","editor":[{"full_name":"Uhde, André","first_name":"André","last_name":"Uhde","id":"36049"},{"first_name":"Stephan","last_name":"Paul","full_name":"Paul, Stephan"},{"first_name":"Andreas","last_name":"Horsch","full_name":"Horsch, Andreas"},{"first_name":"Daniel","last_name":"Kaltofen","full_name":"Kaltofen, Daniel"},{"first_name":"Gregor","last_name":"Weiß","full_name":"Weiß, Gregor"}]},{"main_file_link":[{"open_access":"1"}],"article_number":"107381","language":[{"iso":"eng"}],"doi":"10.1016/j.frl.2025.107381","year":"2025","title":"Share price reactions to tariff imposition announcements during the first Trump administration","publication_identifier":{"issn":["1544-6123"]},"author":[{"id":"48837","full_name":"Wengerek, Sascha Tobias","last_name":"Wengerek","orcid":"0000-0002-7820-3903","first_name":"Sascha Tobias"},{"full_name":"Uhde, André","last_name":"Uhde","first_name":"André","id":"36049"},{"id":"48476","full_name":"Hippert, Benjamin","first_name":"Benjamin","last_name":"Hippert"}],"date_updated":"2026-05-27T10:58:22Z","publication_status":"published","intvolume":"        80","article_type":"original","date_created":"2025-04-25T05:44:31Z","keyword":["Geopolitical risk","Protectionism","Strategic trade policy","Tariffs","Trade conflict","U.S. – China trade war"],"type":"journal_article","department":[{"_id":"19"}],"publication":"Finance Research Letters","abstract":[{"lang":"eng","text":"This study analyzes the impact of tariff imposition announcements on the stock prices of 1,194 U.S. companies during the first Trump administration, using a unique sample of 4,624 announcements made by or against the U.S. between January 2018 and August 2019. We find that tariff announcements lead to negative (cumulative) average abnormal stock returns. These negative wealth effects occur regardless of whether the Trump administration imposes safeguard tariffs to protect domestic industries or foreign countries announce retaliatory tariffs. Moreover, the adverse impact is primarily driven by announcements involving China, with variations linked to sector-specific, tariff, trade, and firm characteristics."}],"_id":"59673","publisher":"Elsevier BV","user_id":"36049","volume":80,"status":"public","oa":"1","citation":{"ieee":"S. T. Wengerek, A. Uhde, and B. Hippert, “Share price reactions to tariff imposition announcements during the first Trump administration,” <i>Finance Research Letters</i>, vol. 80, Art. no. 107381, 2025, doi: <a href=\"https://doi.org/10.1016/j.frl.2025.107381\">10.1016/j.frl.2025.107381</a>.","apa":"Wengerek, S. T., Uhde, A., &#38; Hippert, B. (2025). Share price reactions to tariff imposition announcements during the first Trump administration. <i>Finance Research Letters</i>, <i>80</i>, Article 107381. <a href=\"https://doi.org/10.1016/j.frl.2025.107381\">https://doi.org/10.1016/j.frl.2025.107381</a>","short":"S.T. Wengerek, A. Uhde, B. Hippert, Finance Research Letters 80 (2025).","chicago":"Wengerek, Sascha Tobias, André Uhde, and Benjamin Hippert. “Share Price Reactions to Tariff Imposition Announcements during the First Trump Administration.” <i>Finance Research Letters</i> 80 (2025). <a href=\"https://doi.org/10.1016/j.frl.2025.107381\">https://doi.org/10.1016/j.frl.2025.107381</a>.","mla":"Wengerek, Sascha Tobias, et al. “Share Price Reactions to Tariff Imposition Announcements during the First Trump Administration.” <i>Finance Research Letters</i>, vol. 80, 107381, Elsevier BV, 2025, doi:<a href=\"https://doi.org/10.1016/j.frl.2025.107381\">10.1016/j.frl.2025.107381</a>.","bibtex":"@article{Wengerek_Uhde_Hippert_2025, title={Share price reactions to tariff imposition announcements during the first Trump administration}, volume={80}, DOI={<a href=\"https://doi.org/10.1016/j.frl.2025.107381\">10.1016/j.frl.2025.107381</a>}, number={107381}, journal={Finance Research Letters}, publisher={Elsevier BV}, author={Wengerek, Sascha Tobias and Uhde, André and Hippert, Benjamin}, year={2025} }","ama":"Wengerek ST, Uhde A, Hippert B. Share price reactions to tariff imposition announcements during the first Trump administration. <i>Finance Research Letters</i>. 2025;80. doi:<a href=\"https://doi.org/10.1016/j.frl.2025.107381\">10.1016/j.frl.2025.107381</a>"},"quality_controlled":"1"},{"date_created":"2022-12-22T07:28:25Z","department":[{"_id":"186"},{"_id":"188"}],"type":"journal_article","keyword":["market concentration","market power","banking stability","European banking"],"publication":"Journal of Risk Finance","issue":"3","abstract":[{"text":"Purpose\r\nAcademic research has intensively analyzed the relationship between market concentration or market power and banking stability but provides ambiguous results, which are summarized under the concentration-stability/fragility view. We provide empirical evidence that the mixed results are due to the difficulty of identifying reliable variables to measure concentration and market power.\r\n\r\nDesign/methodology/approach\r\nUsing data from 3,943 banks operating in the European Union (EU)-15 between 2013 and 2020, we employ linear regression models on panel data. Banking market concentration is measured by the Herfindahl–Hirschman Index (HHI), and market power is estimated by the product-specific Lerner Indices for the loan and deposit market, respectively.\r\n\r\nFindings\r\nOur analysis reveals a significantly stability-decreasing impact of market concentration (HHI) and a significantly stability-increasing effect of market power (Lerner Indices). In addition, we provide evidence for a weak (or even absent) empirical relationship between the (non)structural measures, challenging the validity of the structure-conduct-performance (SCP) paradigm. Our baseline findings remain robust, especially when controlling for a likely reverse causality.\r\n\r\nOriginality/value\r\nOur results suggest that the HHI may reflect other factors beyond market power that influence banking stability. Thus, banking supervisors and competition authorities should investigate market concentration and market power simultaneously while considering their joint impact on banking stability.","lang":"eng"}],"language":[{"iso":"eng"}],"doi":"https://doi.org/10.1108/JRF-03-2023-0075","author":[{"last_name":"Herwald","first_name":"Sarah","full_name":"Herwald, Sarah"},{"full_name":"Voigt, Simone","last_name":"Voigt","first_name":"Simone"},{"id":"36049","first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","full_name":"Uhde, André"}],"year":"2024","title":"The conditional impact of market consolidation and market power on banking stability – Evidence from Europe","intvolume":"        25","publication_status":"published","date_updated":"2024-05-14T12:13:51Z","citation":{"chicago":"Herwald, Sarah, Simone Voigt, and André Uhde. “The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe.” <i>Journal of Risk Finance</i> 25, no. 3 (2024): 510–36. <a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>.","short":"S. Herwald, S. Voigt, A. Uhde, Journal of Risk Finance 25 (2024) 510–536.","apa":"Herwald, S., Voigt, S., &#38; Uhde, A. (2024). The conditional impact of market consolidation and market power on banking stability – Evidence from Europe. <i>Journal of Risk Finance</i>, <i>25</i>(3), 510–536. <a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>","ieee":"S. Herwald, S. Voigt, and A. Uhde, “The conditional impact of market consolidation and market power on banking stability – Evidence from Europe,” <i>Journal of Risk Finance</i>, vol. 25, no. 3, pp. 510–536, 2024, doi: <a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>.","ama":"Herwald S, Voigt S, Uhde A. The conditional impact of market consolidation and market power on banking stability – Evidence from Europe. <i>Journal of Risk Finance</i>. 2024;25(3):510-536. doi:<a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>","bibtex":"@article{Herwald_Voigt_Uhde_2024, title={The conditional impact of market consolidation and market power on banking stability – Evidence from Europe}, volume={25}, DOI={<a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>}, number={3}, journal={Journal of Risk Finance}, author={Herwald, Sarah and Voigt, Simone and Uhde, André}, year={2024}, pages={510–536} }","mla":"Herwald, Sarah, et al. “The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe.” <i>Journal of Risk Finance</i>, vol. 25, no. 3, 2024, pp. 510–36, doi:<a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>."},"_id":"34802","page":"510 - 536","volume":25,"user_id":"36049","jel":["G15","G21","G38"],"status":"public"},{"date_updated":"2025-04-25T06:05:34Z","title":"Zentrale Regulierungs- und Aufsichtsnormen für Bankrisiken","year":"2024","status":"public","author":[{"first_name":"André","last_name":"Uhde","full_name":"Uhde, André","id":"36049"}],"publication_identifier":{"isbn":["978-3-7910-4633-4"]},"user_id":"36049","_id":"59679","language":[{"iso":"eng"}],"publication":"Bankpolitik - Eine marktorientierte Einführung","citation":{"short":"A. Uhde, in: Bankpolitik - Eine Marktorientierte Einführung, 2024.","chicago":"Uhde, André. “Zentrale Regulierungs- Und Aufsichtsnormen Für Bankrisiken.” In <i>Bankpolitik - Eine Marktorientierte Einführung</i>, 2024.","ieee":"A. Uhde, “Zentrale Regulierungs- und Aufsichtsnormen für Bankrisiken,” in <i>Bankpolitik - Eine marktorientierte Einführung</i>, 2024.","apa":"Uhde, A. (2024). Zentrale Regulierungs- und Aufsichtsnormen für Bankrisiken. In <i>Bankpolitik - Eine marktorientierte Einführung</i>.","bibtex":"@inbook{Uhde_2024, title={Zentrale Regulierungs- und Aufsichtsnormen für Bankrisiken}, booktitle={Bankpolitik - Eine marktorientierte Einführung}, author={Uhde, André}, year={2024} }","ama":"Uhde A. Zentrale Regulierungs- und Aufsichtsnormen für Bankrisiken. In: <i>Bankpolitik - Eine Marktorientierte Einführung</i>. ; 2024.","mla":"Uhde, André. “Zentrale Regulierungs- Und Aufsichtsnormen Für Bankrisiken.” <i>Bankpolitik - Eine Marktorientierte Einführung</i>, 2024."},"type":"book_chapter","department":[{"_id":"19"}],"date_created":"2025-04-25T05:58:56Z"},{"status":"public","title":"Bankpolitik - Eine marktorientierte Einführung","year":"2024","publication_identifier":{"isbn":["978-3-7910-4633-4"]},"date_updated":"2025-04-25T06:05:30Z","language":[{"iso":"eng"}],"_id":"59680","user_id":"36049","editor":[{"full_name":"Uhde, André","first_name":"André","last_name":"Uhde","id":"36049"},{"last_name":"Paul","first_name":"Stephan","full_name":"Paul, Stephan"},{"first_name":"Andreas","last_name":"Horsch","full_name":"Horsch, Andreas"},{"full_name":"Weiß, Gregor","last_name":"Weiß","first_name":"Gregor"},{"full_name":"Kaltofen, Daniel","last_name":"Kaltofen","first_name":"Daniel"}],"citation":{"apa":"Uhde, A., Paul, S., Horsch, A., Weiß, G., &#38; Kaltofen, D. (Eds.). (2024). <i>Bankpolitik - Eine marktorientierte Einführung</i>.","mla":"Uhde, André, et al., editors. <i>Bankpolitik - Eine Marktorientierte Einführung</i>. 2024.","ieee":"A. Uhde, S. Paul, A. Horsch, G. Weiß, and D. Kaltofen, Eds., <i>Bankpolitik - Eine marktorientierte Einführung</i>. 2024.","chicago":"Uhde, André, Stephan Paul, Andreas Horsch, Gregor Weiß, and Daniel Kaltofen, eds. <i>Bankpolitik - Eine Marktorientierte Einführung</i>, 2024.","ama":"Uhde A, Paul S, Horsch A, Weiß G, Kaltofen D, eds. <i>Bankpolitik - Eine Marktorientierte Einführung</i>.; 2024.","short":"A. Uhde, S. Paul, A. Horsch, G. Weiß, D. Kaltofen, eds., Bankpolitik - Eine Marktorientierte Einführung, 2024.","bibtex":"@book{Uhde_Paul_Horsch_Weiß_Kaltofen_2024, title={Bankpolitik - Eine marktorientierte Einführung}, year={2024} }"},"date_created":"2025-04-25T06:02:00Z","type":"book_editor","department":[{"_id":"19"}]},{"citation":{"mla":"Herwald, Sarah, et al. “The Impact of Market Concentration and Market Power on Banking Stability – Evidence from Europe.” <i>The Journal of Risk Finance</i>, vol. 25, no. 3, Emerald, 2024, pp. 510–36, doi:<a href=\"https://doi.org/10.1108/jrf-03-2023-0075\">10.1108/jrf-03-2023-0075</a>.","bibtex":"@article{Herwald_Voigt_Uhde_2024, title={The impact of market concentration and market power on banking stability – evidence from Europe}, volume={25}, DOI={<a href=\"https://doi.org/10.1108/jrf-03-2023-0075\">10.1108/jrf-03-2023-0075</a>}, number={3}, journal={The Journal of Risk Finance}, publisher={Emerald}, author={Herwald, Sarah and Voigt, Simone and Uhde, André}, year={2024}, pages={510–536} }","ama":"Herwald S, Voigt S, Uhde A. The impact of market concentration and market power on banking stability – evidence from Europe. <i>The Journal of Risk Finance</i>. 2024;25(3):510-536. doi:<a href=\"https://doi.org/10.1108/jrf-03-2023-0075\">10.1108/jrf-03-2023-0075</a>","ieee":"S. Herwald, S. Voigt, and A. Uhde, “The impact of market concentration and market power on banking stability – evidence from Europe,” <i>The Journal of Risk Finance</i>, vol. 25, no. 3, pp. 510–536, 2024, doi: <a href=\"https://doi.org/10.1108/jrf-03-2023-0075\">10.1108/jrf-03-2023-0075</a>.","apa":"Herwald, S., Voigt, S., &#38; Uhde, A. (2024). The impact of market concentration and market power on banking stability – evidence from Europe. <i>The Journal of Risk Finance</i>, <i>25</i>(3), 510–536. <a href=\"https://doi.org/10.1108/jrf-03-2023-0075\">https://doi.org/10.1108/jrf-03-2023-0075</a>","short":"S. Herwald, S. Voigt, A. Uhde, The Journal of Risk Finance 25 (2024) 510–536.","chicago":"Herwald, Sarah, Simone Voigt, and André Uhde. “The Impact of Market Concentration and Market Power on Banking Stability – Evidence from Europe.” <i>The Journal of Risk Finance</i> 25, no. 3 (2024): 510–36. <a href=\"https://doi.org/10.1108/jrf-03-2023-0075\">https://doi.org/10.1108/jrf-03-2023-0075</a>."},"user_id":"50109","volume":25,"page":"510-536","publisher":"Emerald","_id":"62999","status":"public","type":"journal_article","department":[{"_id":"19"}],"date_created":"2025-12-09T14:42:44Z","abstract":[{"lang":"eng","text":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose</jats:title><jats:p>Academic research has intensively analyzed the relationship between market concentration or market power and banking stability but provides ambiguous results, which are summarized under the concentration-stability/fragility view. We provide empirical evidence that the mixed results are due to the difficulty of identifying reliable variables to measure concentration and market power.</jats:p></jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design/methodology/approach</jats:title><jats:p>Using data from 3,943 banks operating in the European Union (EU)-15 between 2013 and 2020, we employ linear regression models on panel data. Banking market concentration is measured by the Herfindahl–Hirschman Index (HHI), and market power is estimated by the product-specific Lerner Indices for the loan and deposit market, respectively.</jats:p></jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings</jats:title><jats:p>Our analysis reveals a significantly stability-decreasing impact of market concentration (HHI) and a significantly stability-increasing effect of market power (Lerner Indices). In addition, we provide evidence for a weak (or even absent) empirical relationship between the (non)structural measures, challenging the validity of the structure-conduct-performance (SCP) paradigm. Our baseline findings remain robust, especially when controlling for a likely reverse causality.</jats:p></jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality/value</jats:title><jats:p>Our results suggest that the HHI may reflect other factors beyond market power that influence banking stability. Thus, banking supervisors and competition authorities should investigate market concentration and market power simultaneously while considering their joint impact on banking stability.</jats:p></jats:sec>"}],"issue":"3","publication":"The Journal of Risk Finance","doi":"10.1108/jrf-03-2023-0075","language":[{"iso":"eng"}],"publication_status":"published","date_updated":"2025-12-09T14:48:50Z","intvolume":"        25","year":"2024","title":"The impact of market concentration and market power on banking stability – evidence from Europe","author":[{"id":"51867","first_name":"Sarah","last_name":"Herwald","full_name":"Herwald, Sarah"},{"id":"50109","full_name":"Voigt, Simone","last_name":"Voigt","first_name":"Simone"},{"id":"36049","first_name":"André","last_name":"Uhde","full_name":"Uhde, André"}],"publication_identifier":{"issn":["1526-5943"]}},{"citation":{"ama":"Uhde A, Paul S, Horsch A, Kaltofen D, Weiß G. <i>Bankpolitik</i>. 1st ed. Schäffer-Poeschel; 2024.","bibtex":"@book{Uhde_Paul_Horsch_Kaltofen_Weiß_2024, place={Stuttgart}, edition={1}, title={Bankpolitik}, publisher={Schäffer-Poeschel}, author={Uhde, André and Paul, Stephan and Horsch, Andreas and Kaltofen, Daniel  and Weiß, Gregor}, year={2024} }","mla":"Uhde, André, et al. <i>Bankpolitik</i>. 1st ed., Schäffer-Poeschel, 2024.","chicago":"Uhde, André, Stephan Paul, Andreas Horsch, Daniel  Kaltofen, and Gregor Weiß. <i>Bankpolitik</i>. 1st ed. Stuttgart: Schäffer-Poeschel, 2024.","short":"A. Uhde, S. Paul, A. Horsch, D. Kaltofen, G. Weiß, Bankpolitik, 1st ed., Schäffer-Poeschel, Stuttgart, 2024.","apa":"Uhde, A., Paul, S., Horsch, A., Kaltofen, D., &#38; Weiß, G. (2024). <i>Bankpolitik</i> (1st ed.). Schäffer-Poeschel.","ieee":"A. Uhde, S. Paul, A. Horsch, D. Kaltofen, and G. Weiß, <i>Bankpolitik</i>, 1st ed. Stuttgart: Schäffer-Poeschel, 2024."},"type":"book","department":[{"_id":"19"}],"date_created":"2024-07-11T08:25:33Z","place":"Stuttgart","publication_status":"published","date_updated":"2026-05-27T10:58:34Z","status":"public","year":"2024","title":"Bankpolitik","author":[{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"},{"first_name":"Stephan","last_name":"Paul","full_name":"Paul, Stephan"},{"full_name":"Horsch, Andreas","last_name":"Horsch","first_name":"Andreas"},{"first_name":"Daniel ","last_name":"Kaltofen","full_name":"Kaltofen, Daniel "},{"first_name":"Gregor","last_name":"Weiß","full_name":"Weiß, Gregor"}],"publication_identifier":{"isbn":["978-3-7910-4633-4"]},"user_id":"36049","page":"776","_id":"55175","edition":"1","publisher":"Schäffer-Poeschel","language":[{"iso":"ger"}]},{"type":"working_paper","department":[{"_id":"186"},{"_id":"188"}],"date_created":"2022-12-22T06:08:24Z","citation":{"ieee":"S. Herwald, S. Voigt, and A. Uhde, <i>The conditional impact of market consolidation and market power on banking stability – Evidence from Europe</i>. .","apa":"Herwald, S., Voigt, S., &#38; Uhde, A. (n.d.). <i>The conditional impact of market consolidation and market power on banking stability – Evidence from Europe</i>.","short":"S. Herwald, S. Voigt, A. Uhde, The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe, n.d.","chicago":"Herwald, Sarah, Simone Voigt, and André Uhde. <i>The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe</i>, n.d.","mla":"Herwald, Sarah, et al. <i>The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe</i>.","bibtex":"@book{Herwald_Voigt_Uhde, title={The conditional impact of market consolidation and market power on banking stability – Evidence from Europe}, author={Herwald, Sarah and Voigt, Simone and Uhde, André} }","ama":"Herwald S, Voigt S, Uhde A. <i>The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe</i>."},"user_id":"36049","_id":"34798","language":[{"iso":"eng"}],"publication_status":"unpublished","date_updated":"2024-04-17T13:35:00Z","title":"The conditional impact of market consolidation and market power on banking stability – Evidence from Europe","year":"2023","status":"public","author":[{"first_name":"Sarah","last_name":"Herwald","full_name":"Herwald, Sarah"},{"first_name":"Simone","last_name":"Voigt","full_name":"Voigt, Simone"},{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857"}]},{"language":[{"iso":"eng"}],"doi":"https://doi.org/10.1016/j.qref.2022.06.005","title":"Risk allocation through securitization – Evidence from non-performing loans","year":"2022","author":[{"orcid":"0000-0002-7820-3903","last_name":"Wengerek","first_name":"Sascha Tobias","full_name":"Wengerek, Sascha Tobias","id":"48837"},{"id":"48476","full_name":"Hippert, Benjamin","first_name":"Benjamin","last_name":"Hippert"},{"full_name":"Uhde, André","orcid":"https://orcid.org/0000-0002-8058-8857","first_name":"André","last_name":"Uhde","id":"36049"}],"date_updated":"2022-12-23T11:27:53Z","publication_status":"published","article_type":"original","date_created":"2019-09-06T08:59:28Z","keyword":["European Banking","Non-performing Loans","Securitization"],"type":"journal_article","department":[{"_id":"186"},{"_id":"188"}],"publication":"The Quarterly Review of Economics and Finance","abstract":[{"lang":"eng","text":"Employing a unique and hand-collected sample of 648 true sale loan securitization transactions issued by 57 stock-listed banks across the EU-12 plus Switzerland over the period from 1997 to 2010, this paper empirically analyzes the relationship between true sale loan securitization and the issuing banks’ non-performing loans to total assets ratios. Overall, we provide evidence for a negative impact of securitization on NPL exposures suggesting that banks predominantly used securitization as an instrument of credit risk transfer and diversification. In addition, the analysis at hand reveals a time-sensitive relationship between securitization and NPL exposures. While we observe an even stronger NPL-reducing effect through securitization during the non-crisis periods, the effect reverses during and after the global financial crisis suggesting that banks were forced to provide credit enhancement and employ securitization as a funding management tool. Along with the results from a variety of sensitivity analyses our study provides important implications for the recent debate on reducing NPL exposures of European banks by revitalizing the European securitization market."}],"page":"48-64","_id":"13147","publisher":"Elsevier","user_id":"36049","volume":"Vol. 86 (11)","status":"public","jel":["G21","G28","G32"],"citation":{"mla":"Wengerek, Sascha Tobias, et al. “Risk Allocation through Securitization – Evidence from Non-Performing Loans.” <i>The Quarterly Review of Economics and Finance</i>, vol. Vol. 86 (11), Elsevier, 2022, pp. 48–64, doi:<a href=\"https://doi.org/10.1016/j.qref.2022.06.005\">https://doi.org/10.1016/j.qref.2022.06.005</a>.","bibtex":"@article{Wengerek_Hippert_Uhde_2022, title={Risk allocation through securitization – Evidence from non-performing loans}, volume={Vol. 86 (11)}, DOI={<a href=\"https://doi.org/10.1016/j.qref.2022.06.005\">https://doi.org/10.1016/j.qref.2022.06.005</a>}, journal={The Quarterly Review of Economics and Finance}, publisher={Elsevier}, author={Wengerek, Sascha Tobias and Hippert, Benjamin and Uhde, André}, year={2022}, pages={48–64} }","ama":"Wengerek ST, Hippert B, Uhde A. Risk allocation through securitization – Evidence from non-performing loans. <i>The Quarterly Review of Economics and Finance</i>. 2022;Vol. 86 (11):48-64. doi:<a href=\"https://doi.org/10.1016/j.qref.2022.06.005\">https://doi.org/10.1016/j.qref.2022.06.005</a>","ieee":"S. T. Wengerek, B. Hippert, and A. Uhde, “Risk allocation through securitization – Evidence from non-performing loans,” <i>The Quarterly Review of Economics and Finance</i>, vol. Vol. 86 (11), pp. 48–64, 2022, doi: <a href=\"https://doi.org/10.1016/j.qref.2022.06.005\">https://doi.org/10.1016/j.qref.2022.06.005</a>.","apa":"Wengerek, S. T., Hippert, B., &#38; Uhde, A. (2022). Risk allocation through securitization – Evidence from non-performing loans. <i>The Quarterly Review of Economics and Finance</i>, <i>Vol. 86 (11)</i>, 48–64. <a href=\"https://doi.org/10.1016/j.qref.2022.06.005\">https://doi.org/10.1016/j.qref.2022.06.005</a>","chicago":"Wengerek, Sascha Tobias, Benjamin Hippert, and André Uhde. “Risk Allocation through Securitization – Evidence from Non-Performing Loans.” <i>The Quarterly Review of Economics and Finance</i> Vol. 86 (11) (2022): 48–64. <a href=\"https://doi.org/10.1016/j.qref.2022.06.005\">https://doi.org/10.1016/j.qref.2022.06.005</a>.","short":"S.T. Wengerek, B. Hippert, A. Uhde, The Quarterly Review of Economics and Finance Vol. 86 (11) (2022) 48–64."}},{"date_created":"2023-01-11T10:50:27Z","keyword":["long memory","generalized autoregressive conditional heteroscedasticity (GARCH) models","value-at-risk (VaR)","expected shortfall (ES)","traffic-light test","backtesting"],"type":"journal_article","department":[{"_id":"186"},{"_id":"188"}],"issue":"2","publication":"Journal of Risk","citation":{"mla":"Letmathe, Sebastian, et al. “Semiparametric GARCH Models with Long Memory Applied to Value at Risk and Expected Shortfall.” <i>Journal of Risk</i>, vol. 25, no. 2.","ama":"Letmathe S, Feng Y, Uhde A. Semiparametric GARCH models with long memory applied to Value at Risk and Expected Shortfall. <i>Journal of Risk</i>. 25(2).","bibtex":"@article{Letmathe_Feng_Uhde, title={Semiparametric GARCH models with long memory applied to Value at Risk and Expected Shortfall}, volume={25}, number={2}, journal={Journal of Risk}, author={Letmathe, Sebastian and Feng, Yuanhua and Uhde, André} }","apa":"Letmathe, S., Feng, Y., &#38; Uhde, A. (n.d.). Semiparametric GARCH models with long memory applied to Value at Risk and Expected Shortfall. <i>Journal of Risk</i>, <i>25</i>(2).","ieee":"S. Letmathe, Y. Feng, and A. Uhde, “Semiparametric GARCH models with long memory applied to Value at Risk and Expected Shortfall,” <i>Journal of Risk</i>, vol. 25, no. 2.","chicago":"Letmathe, Sebastian, Yuanhua Feng, and André Uhde. “Semiparametric GARCH Models with Long Memory Applied to Value at Risk and Expected Shortfall.” <i>Journal of Risk</i> 25, no. 2 (n.d.).","short":"S. Letmathe, Y. Feng, A. Uhde, Journal of Risk 25 (n.d.)."},"abstract":[{"lang":"eng","text":"In this paper new semiparametric generalized autoregressive conditional heteroscedasticity (GARCH) models with long memory are introduced. A multiplicative decomposition of the volatility into a conditional component and an unconditional component is assumed. The estimation of the latter is carried out by means of a data-driven local polynomial smoother. According to the revised recommendations by the Basel Committee on Banking Supervision to measure market risk in the banks’ trading books, these new semiparametric GARCH models are applied to obtain rolling one-step ahead forecasts for the value-at-risk and expected shortfall (ES) for market risk assets. Standard regulatory traffic-light tests and a newly introduced traffic-light test for the ES are carried out for all models. In addition, model performance is assessed via a recently introduced model selection criterion. The practical relevance of our proposal is demonstrated by a comparative study. Our results indicate that semiparametric long-memory GARCH models are a meaningful substitute for their conventional, parametric counterparts. "}],"language":[{"iso":"eng"}],"_id":"35992","user_id":"36049","volume":25,"title":"Semiparametric GARCH models with long memory applied to Value at Risk and Expected Shortfall","year":"2022","status":"public","author":[{"last_name":"Letmathe","first_name":"Sebastian","full_name":"Letmathe, Sebastian","id":"23991"},{"first_name":"Yuanhua","last_name":"Feng","full_name":"Feng, Yuanhua","id":"20760"},{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"}],"publication_status":"inpress","date_updated":"2023-11-17T10:26:36Z","article_type":"original","intvolume":"        25"}]