In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks’ target capital ratio are risk…
The savings banks’ decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly…
Venture Capital liefert einen wichtigen Beitrag für die Finanzierung von Innovationen, die für eine dynamische Volkswirtschaft von zentraler Bedeutung sind. Diese Arbeit untersucht das Verhalten…