The Experts below are selected from a list of 237 Experts worldwide ranked by ideXlab platform
Till Stowasser - One of the best experts on this subject based on the ideXlab platform.
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electoral cycles in Savings Bank lending
Journal of the European Economic Association, 2017Co-Authors: Florian Englmaier, Till StowasserAbstract:We provide evidence that German Savings Banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of cooperative Banks – that are very similar to Savings Banks but lack their political connectedness – allow for clean identification of causal effects of county elections on Savings Banks’ lending. These effects are economically meaningful and robust to various specifications. Moreover, politically induced lending increases in incumbent party entrenchment and in the contestedness of upcoming elections.
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electoral cycles in Savings Bank lending
Munich Reprints in Economics, 2017Co-Authors: Florian Englmaier, Till StowasserAbstract:We provide evidence that German Savings Banks, which are controlled by county-level politicians, systematically adjust lending policies in response to local electoral cycles. The different timings of county elections across states and the existence of a comparable group of cooperative Banks-that are very similar to Savings Banks but lack their political connectedness-allow for identification of the effects of county elections on Savings Bank lending. These effects are economically meaningful and very robust to various specifications. We find that election-induced lending negatively impacts Savings Bank profitability and is associated with an increase in credit defaults roughly three years after an election. Examining the political-economy aspects of our findings, we provide evidence that Savings Bank excess lending and public spending at the county level are substitute levers for county politicians. Finally, we find indications that subpar pre-election economic county performance hurts re-election prospects and increases the intensity of lending cycles.
Florian Englmaier - One of the best experts on this subject based on the ideXlab platform.
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electoral cycles in Savings Bank lending
Journal of the European Economic Association, 2017Co-Authors: Florian Englmaier, Till StowasserAbstract:We provide evidence that German Savings Banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of cooperative Banks – that are very similar to Savings Banks but lack their political connectedness – allow for clean identification of causal effects of county elections on Savings Banks’ lending. These effects are economically meaningful and robust to various specifications. Moreover, politically induced lending increases in incumbent party entrenchment and in the contestedness of upcoming elections.
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electoral cycles in Savings Bank lending
Munich Reprints in Economics, 2017Co-Authors: Florian Englmaier, Till StowasserAbstract:We provide evidence that German Savings Banks, which are controlled by county-level politicians, systematically adjust lending policies in response to local electoral cycles. The different timings of county elections across states and the existence of a comparable group of cooperative Banks-that are very similar to Savings Banks but lack their political connectedness-allow for identification of the effects of county elections on Savings Bank lending. These effects are economically meaningful and very robust to various specifications. We find that election-induced lending negatively impacts Savings Bank profitability and is associated with an increase in credit defaults roughly three years after an election. Examining the political-economy aspects of our findings, we provide evidence that Savings Bank excess lending and public spending at the county level are substitute levers for county politicians. Finally, we find indications that subpar pre-election economic county performance hurts re-election prospects and increases the intensity of lending cycles.
Juan Manuel García Falcón - One of the best experts on this subject based on the ideXlab platform.
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the influence of human resource management in Savings Bank performance
Service Industries Journal, 2004Co-Authors: Petra De Saa Perez, Juan Manuel García FalcónAbstract:The aim of this article was to analyse the value of human resources (HR) for competitive advantage and their influence on the firm's performance in the service industry. To achieve our goal, we have first proposed a resource-based framework to discuss the circumstances under which human resources can be a source of competitive advantage. Then, an empirical research was developed in the Spanish Savings Bank sector to analyse the relationship between HR management and the firm's performance. Our results, suggest that those Savings Banks which better combine their HR practices to create and to develop a strategic human capital pool have shown better levels of profitability and productivity.
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The influence of human resource management in Savings Bank performance
Service Industries Journal, 2004Co-Authors: Petra De Saá Pérez, Juan Manuel García FalcónAbstract:The aim of this article was to analyse the value of human resources (HR) for competitive advantage and their influence on the firm's performance in the service industry. To achieve our goal, we have first proposed a resource-based framework to discuss the circumstances under which human resources can be a source of competitive advantage. Then, an empirical research was developed in the Spanish Savings Bank sector to analyse the relationship between HR management and the firm's performance. Our results, suggest that those Savings Banks which better combine their HR practices to create and to develop a strategic human capital pool have shown better levels of profitability and productivity. ABSTRACT FROM AUTHOR Copyright of Service Industries Journal is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts); The aim of this article was to analyse the value of human resources (HR) for competitive advantage and their influence on the firm's performance in the service industry. To achieve our goal, we have first proposed a resource-based framework to discuss the circumstances under which human resources can be a source of competitive advantage. Then, an empirical research was developed in the Spanish Savings Bank sector to analyse the relationship between HR management and the firm's performance. Our results, suggest that those Savings Banks which better combine their HR practices to create and to develop a strategic human capital pool have shown better levels of profitability and productivity. ABSTRACT FROM AUTHOR Copyright of Service Industries Journal is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts)
Constantine Yannelis - One of the best experts on this subject based on the ideXlab platform.
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financial inclusion human capital and wealth accumulation evidence from the freedman s Savings Bank
Review of Financial Studies, 2020Co-Authors: Luke C D Stein, Constantine YannelisAbstract:This paper studies how access to financial services among a previously unBanked group affects human capital, labor market, and wealth outcomes. We use novel data from the Freedman’s Savings Bank—created following the American Civil War to serve free Blacks—employing an instrumental variables strategy exploiting the staggered rollout of Bank branches. Families with accounts are more likely to have children in school, be literate, work, and have higher occupational income, business ownership and real estate wealth. Placebo effects are not present using planned but unbuilt branches, or for Whites, suggesting significant positive effects of financial inclusion.
Brady Plastaras - One of the best experts on this subject based on the ideXlab platform.
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The competition and coexistence of mutual and commercial Banks in New England, 1870–1914
Cliometrica, 2016Co-Authors: Matthew Jaremski, Brady PlastarasAbstract:Scholars have studied the US Banking systems of the late nineteenth century, but the presence and influence of mutual Savings Banks has largely gone unexamined. A new annual database of New England Banks shows that mutual Savings Banks had a significant presence in the postbellum Banking system. Mutual Savings Banks accounted for about 75 % of the region’s total Bank deposits and largely avoided financial panics. The Banks seemed to have complemented rather than competed with national Banks. Mutual Savings Bank growth was correlated with agriculture and urbanization, whereas national Bank growth was correlated with manufacturing. Mutual Savings Banks also channeled significant funds to national Banks through the interBank network.
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An In-depth Analysis of New England Mutual Savings Banks, 1870-1914
2015Co-Authors: Matthew Jaremski, Brady PlastarasAbstract:Scholars have studied the U.S. Banking systems of the late 19th century, but the presence and influence of mutual Savings Banks has largely gone unexamined. A new annual database of New England Banks shows that mutual Savings Banks had a significant presence in the postbellum Banking system. Mutual Savings Banks accounted for about 75 percent of the region's total Bank deposits and largely avoided financial panics. The Banks seemed to have complemented rather than competed with national Banks. Mutual Savings Bank growth was correlated with agriculture and urbanization, whereas national Bank growth was correlated with manufacturing. Mutual Savings Banks also channeled significant funds to national Banks through the interBank network.
