1. Refereed Journal // 2017

    Imputation Rules for the Implementation of the Pre-Unication Education Variable in the BASiD Data Set

    Using combined data from the German Pension Insurance and the Federal Employment Agency (BASiD), this study proposes different procedures for imputing the pre-unification education variable in the BASiD data. To…

  2. Refereed Journal // 2017

    What Do a Million Observations Have to Say About Loan Defaults? Opening the Black Box of Relationships

    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. Our research suggests a practical…

  3. Refereed Journal // 2017

    Covenant Violations, Loan Contracting, and Default Risk of Bank Borrowers

    Are borrowers rewarded for repaying their loans? This paper investigates the consequences of covenant violations on subsequent loans to the same borrower using a hand-collected sample of US syndicated loans…