We study 98 large M&As of European bidding banks from 1985 to 2000 in order to
investigate drivers of excess returns to the shareholders of the targets, the bidders, and to the …

This article analyzes Special Purpose Acquisition Companies (SPACs) in Europe. We
document various aspects associated with European SPACs by using a unique, handcollected …

… 33, Issue 2 Vergleichende Analyse alternativer Kreditrisikomodelle Wahrenburg, Mark;
Niethen, Susanne Credit and Capital Markets – Kredit und Kapital, Vol. 33 (2000), Iss. 2: pp. …

Prior research has addressed the question of whether certain events cause a transfer of
wealth between stockholders and bondholders but does not control for the events’ impacts on …

This paper assesses biases in credit ratings and lead–lag relationships for near-to-default
issuers with multiple ratings by Moody’s and S&P. Based on defaults from 1997 to 2004, we …

This paper discusses policy implications of a potentialsurge in NPLs due to COVID-19. The
study provides an empirical assessment of potential scenarios and draws lessons from …

Operational risk incidences are likely to increase the degree of information asymmetry between
firms and investors. We analyze operational risk disclosures by US financial firms during …

The paper explores factors that influence the design of financing contracts between venture
capital investors and European venture capital funds. 122 Private Placement Memoranda …

Applying an investment perspective to higher education, the paper presents detailed
empirical evidence on the rate of return to higher education and its determinants. Employing a …

We examine the drivers of vertical integration for an integrated and unified HR-process
model for 42 large companies from the financial services (13 companies) and the non-financial …