Publications of the Research Unit Pensions and Sustainable Financial Markets

We investigate the relationship between borrower risk and loan maturity in small business lending. Using a rich dataset on new loans extended to German firms, we find a robust, significantly positive, monotonic…

States often grant banks guarantees to prevent the collapse of the financial system. However, these guarantees must be withdrawn again as quickly as possible. The potential implications of withdrawing guarantees…

This paper analyzes the importance of discretion in bank lending decisions. We use a unique dataset of more than 1 million loan applications to customers of German savings banks and can observe accept and reject…

• Patent Thickets Often Thwart Innovation
• E-Recruitment is One of the Most Popular Methods Among Firms Seeking New Personnel
• Debt Brakes in Germany’s Federal States by Comparison – Ambition is Often Lacking
• Economic…

This empirical analysis addresses the attractiveness of European financial centers. The presented research tackles an issue that is fundamental to the understanding of organizational behavior in finance – the…