The run-up to the Economic and Monetary Union (EMU) of the EU has been dominated by tension between a big aspiration and a big concern. The aspiration was that a common currency would reinvigorate the single…
We examine in this paper whether owner controlled banks or manager controlled banks suffered larger losses during the financial crisis. We show that banks operating in countries with better shareholder rights…
Knowledge and technological change are often assumed to be the driving forces for long run economic growth. Regions with a higher level of knowledge compared to other regions exhibit a higher per-capita income…
The change in the business model of venture capitalists from investing locally towards investing across borders started to intensify in the late 1990s. Compared to domestic investments, cross-border investments…
Research in real estate finance and economics has been dealing with the topic of efficiency in the U.S. housing market for over 25 years. However, most recent research either examines local markets based on…
The recent financial crisis has put the German banking sector under enormous pressure. Besides the macroeconomic drivers like, for example, the expansionary monetary policy in major countries, insufficient risk…
