We investigate the role of executive-specific attributes in explaining bank business models beyond pay-per-performance incentives. We decompose the variation in business models and show that idiosyncratic…
Using a unique dataset of more than 1 million loans made by 296 German banks, we evaluate the impact of many aspects of customer–bank relationships on loan default rates. Banks need historical data about their…
This paper studies the maturity structure of sovereign debt in the euro area and the penetration of the sovereign debt stock with a new type of collective action clauses (CACs), labeled Creditor Participation…
Prices and returns are alternative ways to present financial market information and to elicit financial market expectations. But do investors make sense of prices and returns in the same way? Also, do they state…
One aim of the Innovation Union is to promote Openness and Europe’s Creative Potential. In order to achieve this goal 5 different commitments have been implemented within the Innovation Union: - C19:…
One aim of the Innovation Union is to create a Single Innovation Market. In order to achieve this goal, 5 different commitments have been implemented within the Innovation Union: - C14:…
