Johann Burgstaller

Johann Burgstaller
Johannes Kepler University of Linz | JKU · Department of Finance

Dr.

About

26
Publications
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374
Citations
Introduction
Johann Burgstaller currently works at the Department of Finance, Johannes Kepler University Linz. Johann does research in Banking, Financial and Monetary Economics.

Publications

Publications (26)
Article
Full-text available
Credit cooperatives and savings banks not only fulfill economic purposes, but also pursue social objectives. An orientation towards the common good as part of their hybrid target system leads to positive externalities of their business activities for society, such as the stabilization of the financial sector or the support of vulnerable groups. How...
Article
Full-text available
This paper analyzes technical and scale efficiency of Austrian savings and cooperative banks. Non‐profit objectives are also considered with respect to input–output choice, which contributes to adequate performance measurements for alternative banks. Efficiency score estimates obtained via Data Envelopment Analysis (DEA) reveal considerable potenti...
Article
This paper examines branch exit from and entry into local banking markets in Austria from 1999 to 2012, as well as changes in concentration and several bank-borrower distance measures. Results from spatial regression models reveal that especially less developed and functionally distant municipalities suffer from branch withdrawal and financial dese...
Article
Purpose – The purpose of this paper s to study the financing behavior of family firms (FF), as these differ from their small- and medium-sized enterprise (SME) counterparts in their capital structure decision, mainly due to an increased risk aversion and the desire to maintain control over the firm. Design/methodology/approach – A sample of 470 SM...
Article
Burgstaller J. Bank office outreach, structure and performance in regional banking markets, Regional Studies. This paper studies bank penetration, market structure and banking conduct across Austrian districts. Neither differences in market concentration nor in the activity of out-of-market banks can explain the regional dispersion of interest rate...
Article
Full-text available
Based on the presumption that the empirical banking literature devotes too little attention to institutions with special features, this paper examines banks that are affected by low regional development. Data on the full population of Austrian banks is applied to identify such banks and to study their particular characteristics. It turns out that b...
Article
This paper examines the technical efficiency of private banking institutions in Switzerland and Liechtenstein by means of data envelopment analysis (DEA). The average wealth manager’s relative inefficiency level is found to exceed 20% in most of the years between 2003–2007. Results also reveal that the average bank is well above its efficient scale...
Article
This paper examines the pass-through from the market interest rate to the rate charged on bank loans using aggregate data for the U.K. Thereby, we explicitly disentangle credit supply and demand and allow the interest rate charged on loans to depend on the volume of loans. We find that, although banks adjust the lending rate to some extent, they la...
Article
This paper examines the role of banks in the propagation process of monetary policy actions. Testable hypotheses are deduced from the theory of the lending channel, which argues that after a policy-induced drain of funds from the banking sector, some (types of) institutions are unable or unwilling to retain their prior levels of lending. To identif...
Article
Full-text available
This paper examines the overall performance of banks from Switzerland and Liechtenstein that are specialized in wealth management. More profitable and cost-efficient institutions feature comparatively low levels of assets managed per employee and high salaries paid. The ability to attract new money seems to be fostered by signalling competence via...
Article
This paper examines the issuance of share capital via the Vienna Stock Exchange between 1985 and 2004. Evidence is supplied concerning the aggregate factors that help to explain the time-series variation in both the numbers of and proceeds from initial public offerings (IPOs) and seasoned equity offerings (SEOs). Results indicate that there is no c...
Article
Bond yield and retail interest rate spreads are presumed to lead real activity on the basis of financial accelerator mechanisms, markup cyclicality or simply because they are forward-looking. Empirical results for Austria show that retail interest rate spreads outperform many other indicators in this respect. Nevertheless, there is no evidence for...
Article
Full-text available
This paper analyzes the adjustments in the structure of assets and liabilities of the Austrian banking sector taking place after a monetary tightening. Following increases in short-term interest rates, the share of loans to non-banks in interest-earning assets rises, which is at odds with the predictions from the credit channel of monetary policy t...
Article
This paper examines the heterogeneity in bank lending reactions to changes in the mon-etary policy stance using disaggregated data for the Austrian banking sector. The results suggest that there are important cross-sectional differences in the bank-individual loan supply response with respect to liquidity, capital strength and other bank attributes...
Article
Eleven Austrian bank lending and deposit rates are utilized to illustrate the transmission of impulses from monetary policy and banks' cost of funds. Results from vector autoregressions confirm the two general findings of the empirical literature: retail rates are sticky in the short term and the long-run pass-through is incomplete. Moreover, it is...
Article
Diese Studie erörtert einen wichtigen Aspekt der Beeinflussung makroökonomischer Fluktuationen durch den Bankensektor. Zeitreihendaten für die Periode von 1995 bis 2003 werden verwendet, um die zyklischen Schwankungen der Zinsspannen österreichischer Banken zu untersuchen. Es wird gezeigt, daß sich die Differenz zwischen Kredit- und Sparzinsen in k...
Article
This study explores an important aspect of how the Austrian banking sector contributes to the propagation of aggregate shocks. Time series data for the 1995-2003 period are applied to examine the cyclical variations in interest rate spreads. Differentials between interest rates on loans and savings are not found to shrink in economic upturns, so th...
Chapter
In diesem Beitrag wird das zyklische Verhalten diverser Ergebniskennzahlen für den österreichischen Bankensektor für die Jahre 1987–2005 untersucht. Für die Diskussion, ob und wie der Bankensektor konjunkturelle Entwicklungen verstärkt (bzw. mildert), ist möglicherweise das Ergebnis relevant, dass viele der untersuchten Kennzahlen in Aufschwungphas...
Article
The empirical literature on interest rate transmission presents diverse and sometimes conflicting estimates. By discussing methodological and specification-related issues, the results of this paper contribute to the understanding of these differences. Eleven Austrian bank lending and deposit rates are utilized to illustrate the pass-through of impu...
Article
Full-text available
This study reports on a detailed examination of the price and quality positions of East European producers on EU markets comprising developments over the period 1988 to 1994. The raw material for this analysis was Eurostat's Detailed Trade Statistics which contain detailed information on trade values and volumes at the 8-digit CN (Combined Nomencla...
Article
This paper analyzes the adjustments in the structure of assets and liabilities of the Austrian banking sector taking place after a monetary tightening. Following increases in short-term interest rates, the share of loans to non-banks in interest-earning assets rises, which is at odds with predictions from the bank lending channel of monetary policy...

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