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175 records from EconBiz based on author Name
1. Do public bank guarantees affect labor market outcomes? : evidence from individual employment and wages
abstractWe investigate whether employees in Germany benefit from public bank guarantees in terms of employment probability and wages. To that end, we exploit the removal of public bank guarantees in Germany in 2001 as a quasi-natural experiment. Our results show that bank guarantees lead to higher employment, but lower wage prospects for employees after working in affected establishments. Overall the results suggest that employees do not benefit from bank guarantees.
Baessler, Laura; Gebhardt, Georg; Gropp, Reint; Güttler, André; Taskin, Ahmet;2024
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
Link 2. Analyst distance and credit rating consistency
Altdörfer, Marc; Güttler, André; Löffler, Gunter;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 3. Pre-publication revisions of bank financial statements : a novel way to monitor banks?
Güttler, André; Naeem, Mahvish; Norden, Lars; Doornik, Bernardus Ferdinandus Nazar van;2024
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability:
Link Link Link 4. Bitcoin flash crash on May 19, 2021 : what did really happen on Binance?
abstractBitcoin plunged by 30% on May 19, 2021. We examine the outage the largest crypto exchange Binance experienced during the crash, when it halted trading for retail clients and stopped providing transaction data. We find evidence that Binance back-filled these missing transactions with data that does not conform to Benford‘s Law. The Bitcoin futures price difference between Binance and other exchanges was seven times larger during the crash period compared to a prior reference period. Data manipulation is a plausible explanation for our findings. These actions are in line with Binance aiming to limit losses for its futures-related insurance fund.
Baumgartner, Tim; Güttler, André;2022
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link Link
5. Pre-publication revisions of bank financial statements : a novel way to monitor banks?
Güttler, André; Naeem, Mahvish; Norden, Lars; Doornik, Bernardus Ferdinandus Nazar van;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 6. Warum Boni im Bankenbereich scheitern (müssen)
abstractIn der Finanzkrise sind Boni für Bankmanager in die Kritik geraten. Bonussysteme stehen im Verdacht, Anreize für eine zu riskante Kreditvergabe zu setzen. Der vorliegende Beitrag untersucht am Beispiel einer großen internationalen Geschäftsbank, wie sich ein Bonussystem, das ein hohes Volumen neu vergebener Kredite belohnt und den Ausfall von Krediten bestraft, auf das Verhalten von Kreditsachbearbeitern auswirkt. Die Ergebnisse zeigen, dass Kreditsachbearbeiter die Anbahnung neuer und die Überwachung bestehender Kredite verstärken, wenn sie ihren monatlichen Bonus zu verlieren drohen. Eine genauere Prüfung von Kreditanträgen findet dagegen nicht statt. Kreditsachbearbeiter passen ihr Verhalten besonders gegen Monatsende an, wenn die Bonuszahlung herannaht. Langjährige Mitarbeiter reagieren stärker auf das System als jüngere Kollegen. Komplexe Produktivitätsaspekte wie die Teamfähigkeit können mit Bonussystemen nicht erfasst werden.
Gropp, Reint; Güttler, André;2021
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 7. Bitcoin Flash Crash on May 19, 2021 : What did really happen on Binance?
abstractBitcoin plunged by 30% on May 19, 2021. We examine the outage the largest crypto exchange Binance experienced during the crash, when it halted trading for retail clients and stopped providing transaction data. We find evidence that Binance back-filled these missing transactions with data that does not conform to Benford's Law. The Bitcoin futures price difference between Binance and other exchanges was seven times larger during the crash period compared to a prior reference period. Data manipulation is a plausible explanation for our findings. These actions are in line with Binance aiming to limit losses for its futures-related insurance fund
Baumgartner, Tim; Güttler, André;2022
Availability: Link Link
Citations: 1 (based on OpenCitations)
8. Aggregate Insider Trading in the S&P 500 and the Predictability of International Equity Premia
abstractWe show that aggregate insider trading (AIT) in the S&P 500 is a reliable predictor of the U.S. equity premium, while AIT outside the S&P 500 seems to be uninformative. Aggregate trading of S&P 500 insiders outperforms a broad set of well-established predictors considering in- and out-of-sample tests for forecast horizons between one and twelve months. In an international setting, we find that AIT based on S&P 500 insiders predicts international equity premia. Contrary to our U.S. based measure of AIT, we do not find any predictive content of G7 country-specific AIT for international equity premia. The informational content of AIT in the S&P 500 for the U.S. and international equity premia stems from the insiders’ ability to forecast cash flow news in- and outside the U.S
Güttler, André; Hable, Patrick; Launhardt, Patrick; Miebs, Felix;2022
Availability: Link Link
9. Competition between Arm's Length and Relational Lenders : Who Wins the Contest?
abstractUsing geo-coded data with location of bank branches and borrowers we study the effect of bank competition on lending. The impact of competition depends on the incumbent's and the entrant's lending technologies. The addition of a relational lenders branch increases the probability of exit from and reduces the size of loans issued by all types of incumbents, while the opening of a branch by an arm's length lender only affects the probability of exit from arm's length incumbents. We believe relational lenders can compete more effectively by extracting and using private information unavailable to arm’s length entrants
Taşkın, Ahmet Ali; Güttler, André; Drexler, Alejandro;2022
Availability: Link Link
10. Aggregate insider trading in the S&P 500 and the predictability of international equity premia
Güttler, André; Hable, Patrick; Launhardt, Patrick; Miebs, Felix;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link