Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24159
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dc.contributor.authorKleff, Volkeren_US
dc.date.accessioned2009-02-16T14:49:26Z-
dc.date.available2009-02-16T14:49:26Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/24159-
dc.description.abstractIn contrast to earlier field studies, we survey German public savings banks on theirmanagement of capital. We find that the most important determinants of the savingsbanks? target capital ratio are risk aversion, the desired credit growth and profitability.Savings banks prefer to manage the level of capital rather than the level of riskweightedassets in order to reach their target capital ratio. The most importantinstruments to increase the level of capital are lowering costs and issuing subordinateddebt. We obtain strong evidence that issuing subordinated debt is a particularlyimportant instrument to increase capital for less capitalised savings banks.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim-
dc.relation.ispartofseries|aZEW Discussion Papers |x05-63en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordCapitalen_US
dc.subject.keywordSavings Banksen_US
dc.subject.keywordGermanyen_US
dc.subject.keywordSurveyen_US
dc.subject.stwSparkasseen_US
dc.subject.stwBankbilanzen_US
dc.subject.stwBilanzstrukturmanagementen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleCapital policy of German savings banks: a surveyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn502806281en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:4546-

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