---
_id: '65685'
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.
author:
- first_name: Sarah
  full_name: Herwald, Sarah
  id: '51867'
  last_name: Herwald
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Herwald S, Uhde A. <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>.
  bibtex: '@book{Herwald_Uhde_2026, title={Securitization and Market Power – Evidence
    from European Banks}, author={Herwald, Sarah and Uhde, André}, year={2026} }'
  chicago: Herwald, Sarah, and André Uhde. <i>Securitization and Market Power – Evidence
    from European Banks</i>, 2026.
  ieee: S. Herwald and A. Uhde, <i>Securitization and Market Power – Evidence from
    European Banks</i>. 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.
date_created: 2026-05-26T11:29:46Z
date_updated: 2026-05-27T06:50:46Z
ddc:
- '040'
department:
- _id: '19'
file:
- access_level: closed
  content_type: application/pdf
  creator: sherwald
  date_created: 2026-05-26T11:10:31Z
  date_updated: 2026-05-26T11:10:31Z
  file_id: '65688'
  file_name: Herwald und Uhde (2026).pdf
  file_size: 681627
  relation: main_file
  success: 1
file_date_updated: 2026-05-26T11:10:31Z
has_accepted_license: '1'
jel:
- G21
- G28
keyword:
- Securitization
- market power
- European banking
language:
- iso: eng
status: public
title: Securitization and Market Power – Evidence from European Banks
type: working_paper
user_id: '51867'
year: '2026'
...
---
_id: '65699'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
- first_name: Stephan
  full_name: Paul, Stephan
  last_name: Paul
- first_name: Andreas
  full_name: Horsch, Andreas
  last_name: Horsch
- first_name: Daniel
  full_name: Kaltofen, Daniel
  last_name: Kaltofen
- first_name: Gregor
  full_name: Weiß, Gregor
  last_name: Weiß
citation:
  ama: Uhde A, Paul S, Horsch A, Kaltofen D, Weiß G. <i>Unternehmerische Finanzierungspolitik
    - Eine wertorientierte Einführung</i>. 2. Auflage.; 2026.
  apa: Uhde, A., Paul, S., Horsch, A., Kaltofen, D., &#38; Weiß, G. (2026). <i>Unternehmerische
    Finanzierungspolitik - Eine wertorientierte Einführung</i> (2. Auflage).
  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}
    }'
  chicago: Uhde, André, Stephan Paul, Andreas Horsch, Daniel Kaltofen, and Gregor
    Weiß. <i>Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung</i>.
    2. Auflage., 2026.
  ieee: A. Uhde, S. Paul, A. Horsch, D. Kaltofen, and G. Weiß, <i>Unternehmerische
    Finanzierungspolitik - Eine wertorientierte Einführung</i>, 2. Auflage. 2026.
  mla: Uhde, André, et al. <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.
date_created: 2026-05-27T10:56:28Z
date_updated: 2026-05-27T10:57:39Z
department:
- _id: '19'
edition: 2. Auflage
language:
- iso: ger
publication_identifier:
  isbn:
  - 978-3-7910-6577-9
publication_status: published
status: public
title: Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung
type: book
user_id: '36049'
year: '2026'
...
---
_id: '65686'
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.'
author:
- first_name: Simone
  full_name: Voigt, Simone
  id: '50109'
  last_name: Voigt
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Voigt S, Uhde A. <i>The Impact of Market Power on Banks’ ESG Scores - Evidence
    from Europe and North America</i>.
  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>.
  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}
    }'
  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.
  ieee: S. Voigt and A. Uhde, <i>The impact of market power on banks’ ESG scores -
    evidence from Europe and North America</i>. .
  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.
date_created: 2026-05-26T11:29:08Z
date_updated: 2026-07-14T07:50:16Z
ddc:
- '040'
department:
- _id: '19'
file:
- access_level: closed
  content_type: application/pdf
  creator: simonevo
  date_created: 2026-07-14T07:50:01Z
  date_updated: 2026-07-14T07:50:01Z
  file_id: '66475'
  file_name: Voigt und Uhde (2026)_corr.pdf
  file_size: 849260
  relation: main_file
  success: 1
file_date_updated: 2026-07-14T07:50:01Z
has_accepted_license: '1'
jel:
- G21
- G28
keyword:
- Market Power
- ESG scores
- European and North American banking markets
language:
- iso: eng
page: '55'
publication_status: draft
status: public
title: The impact of market power on banks' ESG scores - evidence from Europe and
  North America
type: working_paper
user_id: '50109'
year: '2026'
...
---
_id: '66449'
abstract:
- lang: eng
  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."
author:
- first_name: Dominik Christian
  full_name: Hanke, Dominik Christian
  id: '63677'
  last_name: Hanke
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
- first_name: Yuanhua
  full_name: Feng, Yuanhua
  id: '20760'
  last_name: Feng
citation:
  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.
  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>.
  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}
    }'
  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.
  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.
  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.
  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.
date_created: 2026-07-13T09:21:49Z
date_updated: 2026-07-16T09:07:19Z
ddc:
- '330'
department:
- _id: '200'
- _id: '186'
file:
- access_level: open_access
  content_type: application/pdf
  creator: dhanke
  date_created: 2026-07-13T09:21:45Z
  date_updated: 2026-07-13T09:21:45Z
  file_id: '66450'
  file_name: TAF_WP_105_HankeUhdeFeng2026.pdf
  file_size: 1830858
  relation: main_file
file_date_updated: 2026-07-13T09:21:45Z
has_accepted_license: '1'
jel:
- C22
- C4
- C5
- C6
- B26
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
language:
- iso: eng
oa: '1'
status: public
title: Application of Novel Exponential (Semi-)Parametric Short and Long  Memory GARCH
  Models under Regulatory Requirements of Basel III
type: working_paper
user_id: '63677'
year: '2026'
...
---
_id: '66447'
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. "
author:
- first_name: Dominik Christian
  full_name: Hanke, Dominik Christian
  id: '63677'
  last_name: Hanke
- first_name: Yuanhua
  full_name: Feng, Yuanhua
  id: '20760'
  last_name: Feng
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Hanke DC, Feng Y, Uhde A. <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>.
  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} }'
  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.
  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.
  mla: Hanke, Dominik Christian, et al. <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.
date_created: 2026-07-13T09:15:09Z
date_updated: 2026-07-16T09:07:24Z
ddc:
- '330'
department:
- _id: '186'
file:
- access_level: open_access
  content_type: application/pdf
  creator: dhanke
  date_created: 2026-07-13T09:14:58Z
  date_updated: 2026-07-13T09:14:58Z
  file_id: '66448'
  file_name: TAF_WP_104_HankeFengUhde2026.pdf
  file_size: 1169286
  relation: main_file
file_date_updated: 2026-07-13T09:14:58Z
has_accepted_license: '1'
jel:
- C4
- C5
- B23
- B26
- C32
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
language:
- iso: eng
oa: '1'
status: public
title: Comparing the behaviors of some original short  and long memory exponential
  volatility models
type: working_paper
user_id: '63677'
year: '2026'
...
---
_id: '59676'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: 'Uhde A. Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm.
    In: <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.
  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.
  short: 'A. Uhde, in: Unternehmerische Finanzierungspolitik – Eine Wertorientierte
    Einführung, 2025.'
date_created: 2025-04-25T05:53:00Z
date_updated: 2025-04-25T06:05:18Z
department:
- _id: '19'
language:
- iso: eng
publication: Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung
publication_identifier:
  isbn:
  - 978-3-7910-3086-9
status: public
title: Unternehmensbewertung als Verknüpfung von Investitions- und Finanzierungsprogramm
type: book_chapter
user_id: '36049'
year: '2025'
...
---
_id: '59674'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: 'Uhde A. Ermittlung der Kosten des Eigen- und Fremdkapitals. In: <i>Unternehmerische
    Finanzierungspolitik – eine wertorientierte Einführung</i>. ; 2025.'
  apa: Uhde, A. (2025). Ermittlung der Kosten des Eigen- und Fremdkapitals. In <i>Unternehmerische
    Finanzierungspolitik – eine wertorientierte Einführung</i>.
  bibtex: '@inbook{Uhde_2025, title={Ermittlung der Kosten des Eigen- und Fremdkapitals},
    booktitle={Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung},
    author={Uhde, André}, year={2025} }'
  chicago: Uhde, André. “Ermittlung der Kosten des Eigen- und Fremdkapitals.” In <i>Unternehmerische
    Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.
  ieee: A. Uhde, “Ermittlung der Kosten des Eigen- und Fremdkapitals,” in <i>Unternehmerische
    Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.
  mla: Uhde, André. “Ermittlung der Kosten des Eigen- und Fremdkapitals.” <i>Unternehmerische
    Finanzierungspolitik – eine wertorientierte Einführung</i>, 2025.
  short: 'A. Uhde, in: Unternehmerische Finanzierungspolitik – eine wertorientierte
    Einführung, 2025.'
date_created: 2025-04-25T05:50:54Z
date_updated: 2025-04-25T06:05:12Z
department:
- _id: '19'
language:
- iso: ger
publication: Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung
publication_identifier:
  isbn:
  - 978-3-7910-3086-9
status: public
title: Ermittlung der Kosten des Eigen- und Fremdkapitals
type: book_chapter
user_id: '36049'
year: '2025'
...
---
_id: '59675'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: 'Uhde A. 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>.
  bibtex: '@inbook{Uhde_2025, title={Relevanz und Wertbeitrag der Kapitalstruktur},
    booktitle={Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung},
    author={Uhde, André}, year={2025} }'
  chicago: Uhde, André. “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.
  mla: Uhde, André. “Relevanz Und Wertbeitrag Der Kapitalstruktur.” <i>Unternehmerische
    Finanzierungspolitik – Eine Wertorientierte Einführung</i>, 2025.
  short: 'A. Uhde, in: Unternehmerische Finanzierungspolitik – Eine Wertorientierte
    Einführung, 2025.'
date_created: 2025-04-25T05:52:00Z
date_updated: 2025-04-25T06:05:15Z
department:
- _id: '19'
language:
- iso: eng
publication: Unternehmerische Finanzierungspolitik – eine wertorientierte Einführung
publication_identifier:
  isbn:
  - 978-3-7910-3086-9
status: public
title: Relevanz und Wertbeitrag der Kapitalstruktur
type: book_chapter
user_id: '36049'
year: '2025'
...
---
_id: '59677'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: 'Uhde A. 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} }'
  chicago: Uhde, André. “Wirtschaftswissenschaftliche Forschungsrichtungen Vor Der
    Neoklassik.” In <i>Institutionenökonomie Und Betriebswirtschaftslehre</i>, 2025.
  ieee: A. Uhde, “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.
  short: 'A. Uhde, in: Institutionenökonomie Und Betriebswirtschaftslehre, 2025.'
date_created: 2025-04-25T05:55:44Z
date_updated: 2025-04-25T06:05:38Z
department:
- _id: '19'
language:
- iso: eng
publication: Institutionenökonomie und Betriebswirtschaftslehre
publication_identifier:
  isbn:
  - '3800632128'
status: public
title: Wirtschaftswissenschaftliche Forschungsrichtungen vor der Neoklassik
type: book_chapter
user_id: '36049'
year: '2025'
...
---
_id: '59678'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: 'Uhde A. 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} }'
  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.
  mla: Uhde, André. “Grundlagen Der Principal-Agent-Theorie.” <i>Institutionenökonomie
    Und Betriebswirtschaftslehre</i>, 2025.
  short: 'A. Uhde, in: Institutionenökonomie Und Betriebswirtschaftslehre, 2025.'
date_created: 2025-04-25T05:56:40Z
date_updated: 2025-04-25T06:05:21Z
department:
- _id: '19'
language:
- iso: eng
publication: Institutionenökonomie und Betriebswirtschaftslehre
publication_identifier:
  isbn:
  - '3800632128'
status: public
title: Grundlagen der Principal-Agent-Theorie
type: book_chapter
user_id: '36049'
year: '2025'
...
---
_id: '59681'
citation:
  ama: Uhde A, Paul S, Horsch A, Kaltofen D, Weiß G, 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>.
  bibtex: '@book{Uhde_Paul_Horsch_Kaltofen_Weiß_2025, title={Unternehmerische Finanzierungspolitik
    - Eine wertorientierte Einführung}, year={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.
  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.
date_created: 2025-04-25T06:03:39Z
date_updated: 2025-04-25T06:05:26Z
department:
- _id: '19'
editor:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
- first_name: Stephan
  full_name: Paul, Stephan
  last_name: Paul
- first_name: Andreas
  full_name: Horsch, Andreas
  last_name: Horsch
- first_name: Daniel
  full_name: Kaltofen, Daniel
  last_name: Kaltofen
- first_name: Gregor
  full_name: Weiß, Gregor
  last_name: Weiß
language:
- iso: eng
publication_identifier:
  isbn:
  - 978-3-7910-3086-9
status: public
title: Unternehmerische Finanzierungspolitik - Eine wertorientierte Einführung
type: book_editor
user_id: '36049'
year: '2025'
...
---
_id: '59673'
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.
article_number: '107381'
article_type: original
author:
- first_name: Sascha Tobias
  full_name: Wengerek, Sascha Tobias
  id: '48837'
  last_name: Wengerek
  orcid: 0000-0002-7820-3903
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
- first_name: Benjamin
  full_name: Hippert, Benjamin
  id: '48476'
  last_name: Hippert
citation:
  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>
  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>
  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}
    }'
  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>.
  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>.'
  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>.
  short: S.T. Wengerek, A. Uhde, B. Hippert, Finance Research Letters 80 (2025).
date_created: 2025-04-25T05:44:31Z
date_updated: 2026-05-27T10:58:22Z
department:
- _id: '19'
doi: 10.1016/j.frl.2025.107381
intvolume: '        80'
keyword:
- Geopolitical risk
- Protectionism
- Strategic trade policy
- Tariffs
- Trade conflict
- U.S. – China trade war
language:
- iso: eng
main_file_link:
- open_access: '1'
oa: '1'
publication: Finance Research Letters
publication_identifier:
  issn:
  - 1544-6123
publication_status: published
publisher: Elsevier BV
quality_controlled: '1'
status: public
title: Share price reactions to tariff imposition announcements during the first Trump
  administration
type: journal_article
user_id: '36049'
volume: 80
year: '2025'
...
---
_id: '34802'
abstract:
- lang: eng
  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."
author:
- first_name: Sarah
  full_name: Herwald, Sarah
  last_name: Herwald
- first_name: Simone
  full_name: Voigt, Simone
  last_name: Voigt
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
  orcid: https://orcid.org/0000-0002-8058-8857
citation:
  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>
  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>
  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} }'
  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>.'
  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>.'
  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>.
  short: S. Herwald, S. Voigt, A. Uhde, Journal of Risk Finance 25 (2024) 510–536.
date_created: 2022-12-22T07:28:25Z
date_updated: 2024-05-14T12:13:51Z
department:
- _id: '186'
- _id: '188'
doi: https://doi.org/10.1108/JRF-03-2023-0075
intvolume: '        25'
issue: '3'
jel:
- G15
- G21
- G38
keyword:
- market concentration
- market power
- banking stability
- European banking
language:
- iso: eng
page: 510 - 536
publication: Journal of Risk Finance
publication_status: published
status: public
title: The conditional impact of market consolidation and market power on banking
  stability – Evidence from Europe
type: journal_article
user_id: '36049'
volume: 25
year: '2024'
...
---
_id: '59679'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: 'Uhde A. 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} }'
  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.
  mla: Uhde, André. “Zentrale Regulierungs- Und Aufsichtsnormen Für Bankrisiken.”
    <i>Bankpolitik - Eine Marktorientierte Einführung</i>, 2024.
  short: 'A. Uhde, in: Bankpolitik - Eine Marktorientierte Einführung, 2024.'
date_created: 2025-04-25T05:58:56Z
date_updated: 2025-04-25T06:05:34Z
department:
- _id: '19'
language:
- iso: eng
publication: Bankpolitik - Eine marktorientierte Einführung
publication_identifier:
  isbn:
  - 978-3-7910-4633-4
status: public
title: Zentrale Regulierungs- und Aufsichtsnormen für Bankrisiken
type: book_chapter
user_id: '36049'
year: '2024'
...
---
_id: '59680'
citation:
  ama: Uhde A, Paul S, Horsch A, Weiß G, Kaltofen D, eds. <i>Bankpolitik - Eine Marktorientierte
    Einführung</i>.; 2024.
  apa: Uhde, A., Paul, S., Horsch, A., Weiß, G., &#38; Kaltofen, D. (Eds.). (2024).
    <i>Bankpolitik - Eine marktorientierte Einführung</i>.
  bibtex: '@book{Uhde_Paul_Horsch_Weiß_Kaltofen_2024, title={Bankpolitik - Eine marktorientierte
    Einführung}, year={2024} }'
  chicago: Uhde, André, Stephan Paul, Andreas Horsch, Gregor Weiß, and Daniel Kaltofen,
    eds. <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.
  mla: Uhde, André, et al., editors. <i>Bankpolitik - Eine Marktorientierte Einführung</i>.
    2024.
  short: A. Uhde, S. Paul, A. Horsch, G. Weiß, D. Kaltofen, eds., Bankpolitik - Eine
    Marktorientierte Einführung, 2024.
date_created: 2025-04-25T06:02:00Z
date_updated: 2025-04-25T06:05:30Z
department:
- _id: '19'
editor:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
- first_name: Stephan
  full_name: Paul, Stephan
  last_name: Paul
- first_name: Andreas
  full_name: Horsch, Andreas
  last_name: Horsch
- first_name: Gregor
  full_name: Weiß, Gregor
  last_name: Weiß
- first_name: Daniel
  full_name: Kaltofen, Daniel
  last_name: Kaltofen
language:
- iso: eng
publication_identifier:
  isbn:
  - 978-3-7910-4633-4
status: public
title: Bankpolitik - Eine marktorientierte Einführung
type: book_editor
user_id: '36049'
year: '2024'
...
---
_id: '62999'
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>
author:
- first_name: Sarah
  full_name: Herwald, Sarah
  id: '51867'
  last_name: Herwald
- first_name: Simone
  full_name: Voigt, Simone
  id: '50109'
  last_name: Voigt
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  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>
  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>
  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} }'
  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>.'
  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>.'
  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>.
  short: S. Herwald, S. Voigt, A. Uhde, The Journal of Risk Finance 25 (2024) 510–536.
date_created: 2025-12-09T14:42:44Z
date_updated: 2025-12-09T14:48:50Z
department:
- _id: '19'
doi: 10.1108/jrf-03-2023-0075
intvolume: '        25'
issue: '3'
language:
- iso: eng
page: 510-536
publication: The Journal of Risk Finance
publication_identifier:
  issn:
  - 1526-5943
publication_status: published
publisher: Emerald
status: public
title: The impact of market concentration and market power on banking stability –
  evidence from Europe
type: journal_article
user_id: '50109'
volume: 25
year: '2024'
...
---
_id: '55175'
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
- first_name: Stephan
  full_name: Paul, Stephan
  last_name: Paul
- first_name: Andreas
  full_name: Horsch, Andreas
  last_name: Horsch
- first_name: 'Daniel '
  full_name: 'Kaltofen, Daniel '
  last_name: Kaltofen
- first_name: Gregor
  full_name: Weiß, Gregor
  last_name: Weiß
citation:
  ama: Uhde A, Paul S, Horsch A, Kaltofen D, Weiß G. <i>Bankpolitik</i>. 1st ed. Schäffer-Poeschel;
    2024.
  apa: Uhde, A., Paul, S., Horsch, A., Kaltofen, D., &#38; Weiß, G. (2024). <i>Bankpolitik</i>
    (1st ed.). Schäffer-Poeschel.
  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}
    }'
  chicago: 'Uhde, André, Stephan Paul, Andreas Horsch, Daniel  Kaltofen, and Gregor
    Weiß. <i>Bankpolitik</i>. 1st ed. Stuttgart: Schäffer-Poeschel, 2024.'
  ieee: 'A. Uhde, S. Paul, A. Horsch, D. Kaltofen, and G. Weiß, <i>Bankpolitik</i>,
    1st ed. Stuttgart: Schäffer-Poeschel, 2024.'
  mla: Uhde, André, et al. <i>Bankpolitik</i>. 1st ed., Schäffer-Poeschel, 2024.
  short: A. Uhde, S. Paul, A. Horsch, D. Kaltofen, G. Weiß, Bankpolitik, 1st ed.,
    Schäffer-Poeschel, Stuttgart, 2024.
date_created: 2024-07-11T08:25:33Z
date_updated: 2026-05-27T10:58:34Z
department:
- _id: '19'
edition: '1'
language:
- iso: ger
page: '776'
place: Stuttgart
publication_identifier:
  isbn:
  - 978-3-7910-4633-4
publication_status: published
publisher: Schäffer-Poeschel
status: public
title: Bankpolitik
type: book
user_id: '36049'
year: '2024'
...
---
_id: '34798'
author:
- first_name: Sarah
  full_name: Herwald, Sarah
  last_name: Herwald
- first_name: Simone
  full_name: Voigt, Simone
  last_name: Voigt
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
  orcid: https://orcid.org/0000-0002-8058-8857
citation:
  ama: Herwald S, Voigt S, Uhde A. <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>.
  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} }'
  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.
  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>. .
  mla: Herwald, Sarah, et al. <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.
date_created: 2022-12-22T06:08:24Z
date_updated: 2024-04-17T13:35:00Z
department:
- _id: '186'
- _id: '188'
language:
- iso: eng
publication_status: unpublished
status: public
title: The conditional impact of market consolidation and market power on banking
  stability – Evidence from Europe
type: working_paper
user_id: '36049'
year: '2023'
...
---
_id: '13147'
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.
article_type: original
author:
- first_name: Sascha Tobias
  full_name: Wengerek, Sascha Tobias
  id: '48837'
  last_name: Wengerek
  orcid: 0000-0002-7820-3903
- first_name: Benjamin
  full_name: Hippert, Benjamin
  id: '48476'
  last_name: Hippert
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
  orcid: https://orcid.org/0000-0002-8058-8857
citation:
  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>
  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>
  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} }'
  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>.'
  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>.'
  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>.
  short: S.T. Wengerek, B. Hippert, A. Uhde, The Quarterly Review of Economics and
    Finance Vol. 86 (11) (2022) 48–64.
date_created: 2019-09-06T08:59:28Z
date_updated: 2022-12-23T11:27:53Z
department:
- _id: '186'
- _id: '188'
doi: https://doi.org/10.1016/j.qref.2022.06.005
jel:
- G21
- G28
- G32
keyword:
- European Banking
- Non-performing Loans
- Securitization
language:
- iso: eng
page: 48-64
publication: The Quarterly Review of Economics and Finance
publication_status: published
publisher: Elsevier
status: public
title: Risk allocation through securitization – Evidence from non-performing loans
type: journal_article
user_id: '36049'
volume: Vol. 86 (11)
year: '2022'
...
---
_id: '35992'
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. '
article_type: original
author:
- first_name: Sebastian
  full_name: Letmathe, Sebastian
  id: '23991'
  last_name: Letmathe
- first_name: Yuanhua
  full_name: Feng, Yuanhua
  id: '20760'
  last_name: Feng
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  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).
  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).
  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} }'
  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.).
  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.
  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.
  short: S. Letmathe, Y. Feng, A. Uhde, Journal of Risk 25 (n.d.).
date_created: 2023-01-11T10:50:27Z
date_updated: 2023-11-17T10:26:36Z
department:
- _id: '186'
- _id: '188'
intvolume: '        25'
issue: '2'
keyword:
- long memory
- generalized autoregressive conditional heteroscedasticity (GARCH) models
- value-at-risk (VaR)
- expected shortfall (ES)
- traffic-light test
- backtesting
language:
- iso: eng
publication: Journal of Risk
publication_status: inpress
status: public
title: Semiparametric GARCH models with long memory applied to Value at Risk and Expected
  Shortfall
type: journal_article
user_id: '36049'
volume: 25
year: '2022'
...