Banking organizations differ across a multitude of characteristics. The amount of assets they hold, the services they provide, and how they secure funding are just a few examples. These differences affect an individual organization’s risk of failure and the risk its failure or distress could pose...
In our study, one example of a single event that triggered action is the summer of 2003. Temperatures were exceptionally high over a protracted period during that summer in Central Europe, and caused high mortality rates [43,63]. Consequently, the city of Karlsruhe in Baden-Wuerttemberg ...