Publications

ZORA Publication List

Publications

• 2023

  • Custodio, Claudia; Ferreira, Miguel; Garcia-Appendini, Emilia (2023). Indirect Costs of Financial Distress Review of Finance, 27(6):2233-2270.
  • Hager, Diego M; Nitschka, Thomas (2023). Responses of Swiss interest rates and stock prices to ECB policy surprises Swiss Journal of Economics and Statistics = Schweizerische Zeitschrift für Volkswirtschaft und Statistik, 159:13.
  • Böhnke, Victoria; Ongena, Steven; Paraschiv, Florentina; Reite, Endre J (2023). Back to the roots of internal credit risk models: Does risk explain why banks' risk-weighted asset levels converge over time?
  • Barth, Andreas; Laturnus, Valerie; Mansouri, Sasan; Wagner, Alexander (2023). Conflicted Analysts and Initial Coin Offerings Management Science, 69(11):6641-6666.
  • Weingärtner, Tim; Fasser, Fabian; Reis Sá da Costa, Pedro; Farkas, Walter (2023). Deciphering DeFi: A Comprehensive Analysis and Visualization of Risks in Decentralized Finance Journal of Risk and Financial Management, 16(10):454.
  • Strauß, Nadine; Krakow, Jonathan; Chesney, Marc (2023). It’s the News, Stupid! The Relationship Between News Attention, Literacy, Trust, Greenwashing Perceptions and Sustainable Finance Investment in Switzerland Journal of Sustainable Finance & Investment, 13(4):1480-1505.
  • Basten, Christoph; Mariathasan, Mike (2023). Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of central bank reserves Journal of Financial Stability, 68:101160.
  • Nistor, Simona; Ongena, Steven (2023). The Impact of Policy Interventions on Systemic Risk across Banks Journal of Financial Services Research, 64(2):155-206.
  • Broda, Simon A; Paolella, Marc (2023). ARCHModels.jl: Estimating ARCH Models in Julia Journal of Statistical Software, 107(5):1-25.
  • Eugster, Patrick; Uhl, Matthias W (2023). Technical analysis: Novel insights on contrarian trading European financial management, 29(4):1160-1190.
  • Eichholtz, Piet; Ongena, Steven; Simeth, Nagihan; Yönder, Erkan (2023). Banks, non-banks, and the incorporation of local information in CMBS loan pricing Journal of Banking and Finance, 154:106918.
  • Fenneman, Achiel; Janssen, Dirk-Jan; Nolte, Sven; Zeisberger, Stefan (2023). Nomen est omen? How and when company name fluency affects return expectations PLoS ONE, 18(8):e0287995.
  • Basten, Christoph; Juelsrud, Ragnar (2023). Cross-Selling in Bank-Household Relationships: Mechanisms and Implications for Pricing Review of Financial Studies:Epub ahead of print.
  • Hoyer, Karlijn; Zeisberger, Stefan; Breugelmans, Seger M; Zeelenberg, Marcel (2023). A culture of greed: Bubble formation in experimental asset markets with greedy and non-greedy traders Journal of Economic Behavior & Organization, 212:32-52.
  • Geng, Runjie; Kubler, Felix (2023). Stochastic overlapping generations with non-convex budget sets Journal of Mathematical Economics, 107:102866.
  • Leippold, Markus (2023). Sentiment spin: Attacking financial sentiment with GPT-3 Finance Research Letters, 55(B):103957.
  • Beck, Elliot; De Nard, Gianluca; Wolf, Michael (2023). Improved inference in financial factor models International Review of Economics and Finance, 86:364-379.
  • Arduca, Maria; Munari, Cosimo (2023). Fundamental theorem of asset pricing with acceptable risk in markets with frictions Finance and Stochastics, 27(3):831-862.
  • Bachmann, Kremena; Hens, Thorsten; Lot, Andre; Xu, Xiaogeng (2023). Experimental research on retirement decision-making: evidence from replications Journal of Banking and Finance, 152:106851.
  • Ilhan, Emirhan; Krueger, Philipp; Sautner, Zacharias; Starks, Laura T (2023). Climate risk disclosure and institutional investors Review of Financial Studies, 36(7):2617-2650.
  • Evstigneev, Igor V; Hens, Thorsten; Javad Vanaei, Mohammad (2023). Evolutionary Finance: A model with endogenous asset payoffs Journal of Bioeconomics, 25:117-143.
  • Sautner, Zacharias; Van Lent, Laurence; Vilkov, Grigory; Zhang, Ruishen (2023). Firm‐level climate change exposure Journal of Finance, 78(3):1449-1498.
  • Huang, Winifred; Molyneux, Philip; Ongena, Steven; Xie, Ru (2023). The new challenges of global banking and finance The European Journal of Finance, 29(7):693-699.
  • Bedendo, Mascia; Garcia-Appendini, Emilia; Siming, Linus (2023). Managers' cultural origin and corporate response to an economic shock Journal of Corporate Finance, 80:102412.
  • Crépellière, Tommy; Pelster, Matthias; Zeisberger, Stefan (2023). Arbitrage in the market for cryptocurrencies Journal of financial markets, 64:100817.
  • Akyildirim, Erdinc; Corbet, Shaen; Tiniç, Murat; Sensoy, Ahmet (2023). Adverse selection in cryptocurrency markets The journal of financial research, 46(2):497-546.
  • Fuhrer, Adrian; Hock, Thorsten (2023). Uncertainty in the black-litterman model: empirical estimation of the equilibrium Journal of Empirical Finance, 72:251-275.
  • Ongena, Steven; Delis, Manthos D; Dioikitopoulos, Evangelos V (2023). Population diversity and financial risk-taking Journal of Banking and Finance, 151:106852.
  • Huber, Christoph; Dreber, Anna; Huber, Jürgen; Johannesson, Magnus; Kirchler, Michael; Weitzel, Utz; Abellán, Miguel; Adayeva, Xeniya; Ay, Fehime Ceren; Barron, Kai; Berry, Zachariah; Bönte, Werner; Brütt, Katharina; Bulutay, Muhammed; Campos-Mercade, Pol; Cardella, Eric; Claassen, Maria Almudena; Cornelissen, Gert; Dawson, Ian G J; Delnoij, Joyce; Demiral, Elif E; Dimant, Eugen; Doerflinger, Johannes Theodor; Dold, Malte; Emery, Cécile; Fiala, Lenka; Fiedler, Susann; Freddi, Eleonora; Fries, Tilman; Zeisberger, Stefan (2023). Competition and moral behavior: A meta-analysis of forty-five crowd-sourced experimental designs Proceedings of the National Academy of Sciences of the United States of America, 120(23):e22155721.
  • Anderson, David R; Ulrych, Urban (2023). Accelerated American option pricing with deep neural networks Quantitative Finance and Economics, 7(2):207-228.
  • Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven (2023). On-Site inspecting zombie lending Management Science, 69(5):2547-3155.
  • Hediger, Simon; Näf, Jeffrey; Paolella, Marc S; Polak, Pawel (2023). Heterogeneous Tail Generalized Common Factor Modeling Digital Finance, 5:389-420.
  • Heeb, Florian; Kölbel, Julian F; Paetzold, Falko; Zeisberger, Stefan (2023). Do investors care about impact?
  • Schmocker, David; Tanner, Carmen; Katsarov, Johannes; Christen, Markus (2023). Moral sensitivity in business: A revised measure Current Psychology, 42(12):10277-10291.
  • Hausfeld, Jan; Renerte, Baiba; Twardawski, Torsten (2023). Male and overconfident groups overinvest due to inflated perceived ability to beat the odds Frontiers in behavioral economics, 2:1111317.
  • Burietz, Aurore; Ongena, Steven; Picault, Matthieu (2023). Taxing banks leverage and syndicated lending: A cross-country comparison International Review of Law and Economics, 73:106103.
  • Paolella, Marc S; Polak, Paweł (2023). Density and Risk Prediction with Non-Gaussian COMFORT Models Annals of Financial Economics, 18(01):2250033.
  • Riahi, Monireh; Kubler, Felix; Basiri, Abdolali; Rahmany, Sajjad (2023). Efficient Calculation of all Steady States in large-scale overlapping generations models Journal of Mathematics and Modeling in Finance, 3(1):15-48.
  • Mamatzakis, Emmanuel C; Ongena, Steven; Tsionas, Mike G (2023). The response of household debt to COVID-19 using a neural networks VAR in OECD Empirical Economics, 65:65-91.
  • Garcia-Appendini, Emilia; Gatti, Stefano; Nocera, Giacomo (2023). Does asset encumbrance affect bank risk? Evidence from covered bonds Journal of Banking and Finance, 146:106705.
  • Leippold, Markus; Svatoň, Michal (2023). Trend and Reversal of Idiosyncratic Volatility Revisited Critical Finance Review, 12(1-4):171-202.
  • Vargas, Carlos; Chesney, Marc (2023). What are you waiting to invest in grid-connected residential photovoltaics in California?
  • Brumm, Johannes; Grill, Michael; Kubler, Felix; Schmedders, Karl (2023). Re-use of collateral: Leverage, volatility, and welfare Review of Economic Dynamics, 47:19-46.
  • Benincasa, Emanuela; Kabas, Gazi; Ongena, Steven (2023). Uncoordinated climate policies: Implications for cross-border lending econpol Forum, 24(1):28-30.
  • Efing, Matthias; Hau, Harald; Kampkötter, Patrick; Rochet, Jean-Charles (2023). Bank bonus pay as a risk sharing contract Review of Financial Studies, 36(1):235-280.
  • Qi, Shusen; Hui, Kent Ngan-Cheung; Ongena, Steven (2023). Inter-industry FDI spillovers from foreign banks: Evidence in transition economies Financial Management, 52(1):97-126.
  • Fu, Jonathan; Krauss, Annette (2023). Preparing fertile ground: how does the quality of business environments affect MSE growth?
  • Fasnacht, Daniel (2023). Demokratisierung im Gesundheitswesen: Dezentrale Gesundheitsdaten Schweizerische Ärztezeitung (SÄZ), 48(104):25.
  • Aevoae, George-Marian; Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu (2023). ESG and systemic risk Applied Economics, 55(27):3085-3109.
  • Kok, Christoffer; Müller, Carola; Ongena, Steven; Pancaro, Cosimo (2023). The disciplining effect of supervisory scrutiny in the EU-wide stress test Journal of Financial Intermediation, 53:101015.

• 2022

  • Giansante, Simone; Fatouh, Mahmoud; Ongena, Steven (2022). The asset reallocation channel of quantitative easing. The case of the UK Journal of Corporate Finance, 77:102294.
  • Farkas, Walter; Ferrari, Francesco; Ulrych, Urban (2022). Pricing autocallables under local-stochastic volatility Frontiers of Mathematical Finance, 1(4):575-610.
  • Nyborg, Inke (2022). Papierenes Zahlungsversprechen: Wie Banknoten zu Bargeld wurden Bulletin der Schweizerischen Akademie der Geistes- und Sozialwissenschaften (SAGW), 28(3):44-47.
  • Azinovic, Marlon; Gaegauf, Luca; Scheidegger, Simon (2022). Deep Equilibrium Nets International Economic Review, 63(4):1471-1525.
  • Nguyen, Duc Duy; Ongena, Steven; Qi, Shusen; Sila, Vathunyoo (2022). Climate Change Risk and the Cost of Mortgage Credit Review of Finance, 26(6):1509-1549.
  • Luciano, Elisa; Rochet, Jean-Charles (2022). The fluctuations of insurers’ risk appetite Journal of Economic Dynamics and Control, 144:104543.
  • Berger, Florian; Kölbel, Julian; Rigobon, Roberto (2022). Aggregate Confusion: The Divergence of ESG Ratings Review of Finance, 26(6):1315-1344.
  • Rehbein, Oliver; Ongena, Steven (2022). Flooded through the back door: The role of bank capital in local shock spillovers Journal of Financial and Quantitative Analysis, 57(7):2627-2658.
  • Alessi, Lucia; Battiston, Stefano (2022). Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios International Review of Financial Analysis, 84:102319.
  • Fischbacher, Urs; Hausfeld, Jan; Renerte, Baiba (2022). Strategic incentives undermine gaze as a signal of prosocial motives Games and Economic Behavior, 136:63-91.
  • Qi, Shusen; Ongena, Steven; Cheng, Hua (2022). Working with women, do men get all the credit?
  • Paetzold, Falko; Busch, Timo; Utz, Sebastian; Kellers, Anne (2022). Between impact and returns: Private investors and the sustainable development goals Business Strategy and the Environment, 31(7):3182-3197.
  • Zeisberger, Stefan (2022). Do People Care about Loss Probabilities?
  • De Nard, Gianluca (2022). Oops! I Shrunk the Sample Covariance Matrix Again: Blockbuster Meets Shrinkage Journal of Financial Econometrics, 20(4):569-611.
  • Auer, Raphael; Matyunina, Alexandra; Ongena, Steven (2022). The Countercyclical Capital Buffer and the Composition of Bank Lending Journal of Financial Intermediation, 52:100965.
  • Dyachenko, Artem; Ley, Patrick; Rieger, Marc Oliver; Wagner, Alexander F (2022). The Asset Allocation of Defined Benefit Pension Plans: The Role of Sponsor Contributions Journal of Asset Management, 23:376-389.
  • Akyildirim, Erdinc; Cepni, Oguzhan; Pham, Linh; Uddin, Gazi Salah (2022). How connected is the agricultural commodity market to the news-based investor sentiment?
  • Leippold, Markus; Wang, Qian; Zhou, Wenyu (2022). Machine-Learning in the Chinese Factor Zoo Journal of Financial Economics, 145(2):64-82.
  • Matyunina, Alexandra; Ongena, Steven (2022). Bank capital buffer releases, public guarantee programs, and dividend bans in Covid-19 Europe: An appraisal European Journal of Law and Economics, 54:127-152.
  • Leippold, Markus; Matthys, Felix (2022). Economic Policy Uncertainty and the Yield Curve Review of Finance, 26(4):751-797.
  • De Nard, Gianluca; Zhao, Zhao (2022). A large-dimensional test for cross-sectional anomalies:Efficient sorting revisited International Review of Economics and Finance, 80:654-676.
  • Dogru, Tarik; Akyildirim, Erdinc; Cepni, Oguzhan; Ozdemir, Ozgur; Sharma, Abhinav; Yilmaz, Muhammed Hasan (2022). The effect of environmental, social and governance risks Annals of Tourism Research, 95:103432.
  • Gropp, Reint; Ongena, Steven; Rocholl, Jörg; Saadi, Vahid (2022). The cleansing effect of banking crises Economic Inquiry, 60(3):1186-1213.
  • Edmondson, Amy; Ferrère, Antoine; Renerte, Baiba; Rider, Chris (2022). Fostering Ethical Conduct Through Psychological Safety MIT Sloan Management Review, 63(4):39-43.
  • Hens, Thorsten; Schnetzer, Michael (2022). Evolutionary Finance for Multi-Asset Investors Financial Analysts Journal, 78(3):115-127.
  • Hens, Thorsten (2022). Stefan Nagel: Machine learning in asset pricing Journal of Economics, 136:91-92.
  • Akyildirim, Erdinc; Bariviera, Aurelio F; Nguyen, Duc Khuong; Sensoy, Ahmet (2022). Forecasting high-frequency stock returns: a comparison of alternative methods Annals of Operations Research, 313:639-690.
  • Akyildirim, Erdinc; Fabozzi, Frank J; Göncü, Ahmet; Sensoy, Ahmet (2022). Statistical arbitrage in jump-diffusion models with compound Poisson processes Annals of Operations Research, 313:1357-1371.
  • Hediger, Simon; Michel, Loris; Näf, Jeffrey (2022). On the use of random forest for two-sample testing Computational Statistics & Data Analysis, 170:107435.
  • Asri, Ankush; Asri, Viola; Föllmi-Heusi, Franziska; Leuppi, Joerg D; Muser, Juergen; Nuesch, Reto; Fischbacher, Urs; Renerte, Baiba; Schuler, Dominik (2022). Which hospital workers do (not) want the jab? Behavioral correlates of COVID-19 vaccine willingness among employees of Swiss hospitals PLoS ONE, 17(5):e0268775.
  • Akyildirim, Erdinc; Cepni, Oguzhan; Molnár, Peter; Uddin, Gazi Salah (2022). Connectedness of energy markets around the world during the COVID-19 pandemic Energy Economics, 109:105900.
  • De Nard, Gianluca; Engle, Robert F; Ledoit, Olivier; Wolf, Michael (2022). Large dynamic covariance matrices: Enhancements based on intraday data. Journal of Banking and Finance, 138:106426.
  • Hain, Linda Isabella; Kölbel, Julian; Leippold, Markus (2022). Let’s Get Physical: Comparing Metrics of Physical Climate Risk Finance Research Letters, 46:102406.
  • Ongena, Steven; Savaser, Tanseli; Sisli Ciamarra, Elif (2022). CEO incentives and bank risk over the business cycle Journal of Banking and Finance, 138:106460.
  • Peng, Yushi; Ioannidou, Vasso; Pavanini, Nicola (2022). Collateral and Asymmetric Information in Lending Markets Journal of Financial Economics, 144(1):93-121.
  • Hens, Thorsten; Amir, Rabah; Evstigneev, Igor V; Belkov, Sergei (2022). An evolutionary finance model with short selling and endogenous asset supply Economic Theory, 73:655-677.
  • Coculescu, Delia; Delbaen, Freddy (2022). Fairness principles for insurance contracts in the presence of default risk Mathematical Finance, 32(2):595-626.
  • Fu, Jonathan; Mishra, Mrinal (2022). Fintech in the time of COVID-19: Technological adoption during crises Journal of Financial Intermediation, 50:100945.
  • Brumm, Johannes; Feng, Xiangyu; Kotlikoff, Laurence; Kübler, Felix (2022). Are Deficits free?
  • Liebrich, Felix-Benedikt; Munari, Cosimo (2022). Law-Invariant Functionals that Collapse to the Mean: Beyond Convexity Mathematics and Financial Economics, 16(3):447-480.
  • Tanner, Carmen; Schmocker, David; Katsarov, Johannes; Christen, Markus (2022). Educating moral sensitivity in business: An experimental study to evaluate the effectiveness of a serious moral game Computers and Education, 178:104381.
  • Farkas, Walter; Mathys, Ludovic (2022). Geometric step options and Lévy models: Duality, PIDEs, and semi-analytical pricing Frontiers of Mathematical Finance, 1(1):1-51.
  • Karsten, Christel; Malmendier, Ulrike; Sautner, Zacharias (2022). Lawyer expertise and contract Design - evidence from M&A negotiations Economic Journal, 132(642):644-674.
  • Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu; Tunaru, Radu (2022). Risk Spillovers and Interconnectedness between Systemically Important Institutions Journal of Financial Stability, 58:100963.
  • Delis, Manthos D; Hasan, Iftekhar; Iosifidi, Maria; Ongena, Steven (2022). Gender, Credit, and Firm Outcomes Journal of Financial and Quantitative Analysis, 57(1):359-389.
  • Carroux, Sarah Louise; Busch, Timo; Paetzold, Falko (2022). Unlocking the black box of private impact investors Qualitative Research in Financial Markets, 14(1):149-168.
  • Tanner, Carmen; Linder, Stefan; Sohn, Matthias (2022). Does moral commitment predict resistance to corruption? experimental evidence from a bribery game PLoS ONE, 17(1):e0262201.
  • Coculescu, Delia; Delbaen, Freddy (2022). Group cohesion under individual regulatory constraints Scandinavian Actuarial Journal, 2022(1):80-93.
  • Borsboom, Charlotte; Janssen, Dirk-Jan; Strucks, Markus; Zeisberger, Stefan (2022). History Matters: How Short-Term Price Charts Hurt Investment Performance Journal of Banking and Finance, 134:106351.
  • Coculescu, Delia; Dandapani, Aditi (2022). Insiders and Their Free Lunches: The Role of Short Positions SIAM Journal on Financial Mathematics, 13(3):877-902.

Pagination