Publications

ZORA Publication List

Publications

• 2022

  • Hens, Thorsten; Naebi, Fatemeh (2022). Behavioral heterogeneity in the CAPM with evolutionary dynamics Journal of Evolutionary Economics, 32:1499-1521.
  • Battiston, Stefano; Bressan, Giacomo; Monasterolo, Irene (2022). Sustainable investing and climate transition risk: a portfolio rebalancing approach Journal of Portfolio Management, 48(10):165-192.
  • Delis, Manthos D; Iosifidi, Maria; Kazakis, Pantelis; Ongena, Steven; Tsionas, Mike G (2022). Management practises and M&A success Journal of Banking and Finance, 134:106355.

• 2021

  • Chesney, Marc (2021). L'injustice sociale à l’heure de la financiarisation et de la digitalisation de l’économie Filosofia e teologia, 2:243-251.
  • Roncoroni, Alan; Battiston, Stefano; D'Errico, Marco; Hałaj, Grzegorz; Kok, Christoffer (2021). Interconnected banks and systemically important exposures Journal of Economic Dynamics and Control, 133:104266.
  • Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven (2021). Economic support during the Covid crisis. Quantitative Easing and Lending Support Schemes in the UK Economics Letters, 209:110138.
  • Chmelikova, Gabriela; Krauss, Annette; Lategan, François (2021). Microfinance as a Mechanism against Financial Exclusion in the European Rural Areas – an Inspiration for the Czech Republic AGRIS on-line Papers in Economics and Informatics, 13(4):61-69.
  • Akyildirim, Erdinc; Sensoy, Ahmet; Gulay, Guzhan; Corbet, Shaen; Salari, Hajar Novin (2021). Big data analytics, order imbalance and the predictability of stock returns Journal of Multinational Financial Management, 62:100717.
  • Ramelli, Stefano; Wagner, Alexander; Zeckhauser, Richard; Ziegler, Alexandre (2021). Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections Review of Corporate Finance Studies, 10(4):748-787.
  • Cheng, Hsing Kenneth; Hu, Danning; Puschmann, Thomas; Zhao, J Leon (2021). The Landscape of Blockchain Research: Impacts and Opportunities Information Systems and e-Business Management, 19:749-755.
  • Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu (2021). The COVID-19 Pandemic and Sovereign Bond Risk North American Journal of Economics and Finance, 58:101527.
  • Nyborg, Kjell G; Wang, Zexi (2021). The Effect of Stock Liquidity on Cash Holdings: The Repurchase Motiv Journal of Financial Economics, 142(2):905-927.
  • Benincasa, Emanuela (2021). Climate policy and cross-border lending: evidence from the syndicated loan market Economic and Political Studies, 9(4):463-476.
  • Cheng, Hua; Gawande, Kishore; Ongena, Steven; Qi, Shusen (2021). Connected banks and economic policy uncertainty Journal of Financial Stability, 56:100920.
  • Goncharenko, Roman; Ongena, Steven; Rauf, Asad (2021). The Agency of CoCos: Why Contingent Convertible Bonds Aren’t for Everyone Journal of Financial Intermediation, 48:100882.
  • Dasgupta, Amil; Fos, Vyacheslav; Sautner, Zacharias (2021). Institutional investors and corporate governance Foundations and trends in finance, 12(4):276-394.
  • Akyildirim, Erdinc; Aysan, Ahmet Faruk; Cepni, Oguzhan; Darendeli, S Pinar Ceyhan (2021). Do investor sentiments drive cryptocurrency prices?
  • Rochet, Jean-Charles; Verdier, Marianne (2021). Banques, monnaie et paiements Revue d'économie financière, 2(142):135-155.
  • Wagner, Alexander; Ziegler, Alexandre (2021). Illiquiditätsabschläge in der Bewertung von Klein- und Mittelunternehmen (KMU) Expert Focus, 8:10-14.
  • Ramelli, Stefano; Ossola, Elisa; Rancan, Michela (2021). Stock Price Effects of Climate Activism: Evidence from the First Global Climate Strike Journal of Corporate Finance, 69:102018.
  • Dyachenko, Artem; Farkas, Walter; Rieger, Marc Oliver (2021). Volatility Dependent Structured Products The Journal of investing, 30(2):53-60.
  • Asri, Ankush; Asri, Viola; Fischbacher, Urs; Föllmi-Heusi, Franziska; Leuppi, Joerg D; Muser, Juergen; Nuesch, Reto; Renerte, Baiba; Schuler, Dominik (2021). Wearing a mask - For yourself or for others? Behavioral correlates of mask wearing among COVID-19 frontline workers PLoS ONE, 16(7):e02536211.
  • Behnk, Sascha; Reuben, Ernesto (2021). On Lies and Hard Truths Frontiers in Psychology, 12:96.
  • Bardoscia, Marco; Barucca, Paolo; Battiston, Stefano; Caccioli, Fabio; Cimini, Giulio; Garlaschelli, Diego; Saracco, Fabio; Squartini, Tiziano; Caldarelli, Guido (2021). The Physics of Financial Networks Nature Reviews. Physics, 3:490-507.
  • Koch-Medina, Pablo; Moreno-Bromberg, Santiago; Ravanelli, Claudia; Sikic, Mario (2021). Revisiting optimal investment strategies of value-maximizing insurance firms Insurance: Mathematics and Economics, 99:131-151.
  • Falkinger, Josef; Habib, Michel A (2021). Managerial Discretion and Shareholder Capital at Risk Journal of Business Finance and Accounting, 48(7-8):1215-1245.
  • Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Scheidegger, Simon (2021). Pareto-Improving Carbon-Risk Taxation Economic Policy, 36(107):551-589.
  • Bonfim, Diana; Nogueira, Gil; Ongena, Steven (2021). “Sorry, We're Closed” Bank Branch Closures, Loan Pricing, and Information Asymmetries Review of Finance, 25(4):1211-1259.
  • Amir, Rabah; Evstigneev, Igor V; Hens, Thorsten; Potapova, Valeriya; Schenk-Hoppé, Klaus Reiner (2021). Evolution in pecunia Proceedings of the National Academy of Sciences of the United States of America, 118(26):e2016514118.
  • Cremers, Martijn; Pareek, Ankur; Sautner, Zacharias (2021). Short-term institutions, analyst recommendations, and mispricing: The role of higher order beliefs Journal of Accounting Research, 59(3):911-958.
  • Battiston, Stefano; Escobar-Farfán, Luis O L; Martinez-Jaramillo, Serafin; Roncoroni, Alan (2021). Climate risk and financial stability in the network of banks and investment funds Journal of Financial Stability, 54:100870.
  • Battiston, Stefano; Monasterolo, Irene; Riahi, Keywan; van Ruijven, Bas J (2021). Accounting for finance is key for climate mitigation pathways Science, 372(6545):918-920.
  • Tsionas, Mike G; Mamatzakis, Emmanuel; Ongena, Steven (2021). Does alternative finance moderate bank fragility? Evidence from the euro-area Journal of international financial markets, institutions & money, 72:101340.
  • Bellini, Fabio; Koch-Medina, Pablo; Munari, Cosimo; Svindland, Gregor (2021). Law-invariant functionals that collapse to the mean Insurance: Mathematics and Economics, 98:83-91.
  • Braggion, Fabio; Dwarkasing, Mintra; Ongena, Steven (2021). Household Inequality, Entrepreneurial Dynamism, and Corporate Financing Review of Financial Studies, 34(5):2448-2507.
  • Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; Spagnolo, Giancarlo (2021). The Impact of Stricter Merger Control on Bank Mergers and Acquisitions: Too-Big-To-Fail and Competition Journal of Financial Intermediation, 46:100859.
  • Farkas, Walter; Mathys, Ludovic; Vasiljevic, Nikola (2021). Intra‐Horizon expected shortfall and risk structure in models with jumps Mathematical Finance, 31(2):772-823.
  • Paolella, Marc S; Polak, Pawel; Walker, Patrick S (2021). A non-elliptical orthogonal GARCH model for portfolio selection under transaction costs Journal of Banking and Finance, 125:106046.
  • Kolaric, Sascha; Kiesel, Florian; Ongena, Steven (2021). Market Discipline through Credit Ratings and Too‐Big‐to‐Fail in Banking Journal of Money, Credit and Banking, 53(2-3):367-400.
  • Arnold, Marc; Schütte, Dustin; Wagner, Alexander (2021). Neglected Risk in Financial Innovation: Evidence from Structured Product Counterparty Exposure European financial management, 27(2):287-325.
  • Ongena, Steven; Schindele, Ibolya; Vonnak, Dzsamila (2021). In lands of foreign currency credit, bank lending channels run through?
  • Akyildirim, Erdinc; Corbet, Shaen; O'Connell, John F; Sensoy, Ahmet (2021). The influence of aviation disasters on engine manufacturers: An analysis of financial and reputational contagion risks International Review of Financial Analysis, 74:101630.
  • Hens, Thorsten; Rieger, Marc O; Wang, Mei (2021). Universal time preference PLoS ONE, 16(2):e0245692.
  • Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Sachs, Jeffrey; Scheidegger, Simon (2021). Making Carbon Taxation a Generational Win Win International Economic Review, 62(1):3-46.
  • Battiston, Stefano; Martinez-Jaramillo, Serafin (2021). Network models and stress testing for financial stability: The conference Journal of Financial Stability, 52:100812.
  • Eugster, Florian; Wagner, Alexander F (2021). Earning Investor Trust: The Role of Past Earnings Management Journal of Business Finance and Accounting, 48(1-2):269-307.
  • Akyildirim, Erdinc; Göncü, Ahmet; Sensoy, Ahmet (2021). Prediction of cryptocurrency returns using machine learning Annals of Operations Research, 297(1-2):3-36.
  • Busch, Timo; Bruce-Clark, Peter; Derwall, Jeroen; Eccles, Robert; Hebb, Tessa; Hoepner, Andreas; Klein, Christian; Krueger, Philipp; Paetzold, Falko; Scholtens, Bert; Weber, Olaf (2021). Impact investments: a call for (re)orientation SN Business & Economics, 1(2):33.
  • Hens, Thorsten; Naebi, Fatemeh (2021). Behavioural heterogeneity in the capital asset pricing model with an application to the low-beta anomaly Applied Economics Letters, 28(6):501-507.
  • Beyene, Winta; Delis, Manthos D; Ongena, Steven (2021). Disclosure of Bank Fossil Fuel Exposures European Economy – Banks, Regulation, and the Real Sector, 4(2):89-103.
  • Mayordomo, Sergio; Moreno, Antonio; Ongena, Steven; Rodriguez-Moreno, Maria (2021). Bank capital requirements, loan guarantees and firm performance Journal of Financial Intermediation, 45:100825.
  • Chesney, Marc; Vargas, Carlos (2021). End of Life Decommissioning and Recycling of Solar Panels in the United States. A Real Options Analysis Journal of Sustainable Finance & Investment, 11(1):82-102.
  • Rajnak, Viktoria; Puschmann, Thomas (2021). The impact of blockchain on business models in banking Information Systems and e-Business Management, 19:809-861.
  • Izzeldin, Marwan; Johnes, Jill; Ongena, Steven; Pappas, Vasileios; Tsionas, Mike (2021). Efficiency convergence in Islamic and conventional banks Journal of international financial markets, institutions & money, 70:101279.
  • Arduca, Maria; Koch-Medina, Pablo; Munari, Cosimo (2021). Dual representations for systemic risk measures based on acceptance sets Mathematics and Financial Economics, 15(1):155-184.
  • Hoyer, Karlijn; Zeisberger, Stefan; Breugelmans, Seger M; Zeelenberg, Marcel (2021). The effect of dispositional greed on individual trading behavior in experimental asset markets Decision (Washington), 8(2):80-96.
  • Meyer, Julia; Krauss, Annette (2021). The social performance of microfinance investment vehicles Journal of Sustainable Finance, 11(2):163-186.
  • Bellini, Fabio; Koch-Medina, Pablo; Munari, Cosimo; Svindland, Gregor (2021). Law-Invariant Functionals on General Spaces of Random Variables SIAM Journal on Financial Mathematics, 12(1):318-341.

• 2020

  • Puschmann, Thomas; Hoffmann, Christian Hugo; Khmarskyi, Valentyn (2020). How Green FinTech Can Alleviate the Impact of Climate Change - The Case of Switzerland Sustainability, 12:10691.
  • Farkas, Walter; Fringuellotti, Fulvia; Tunaru, Radu (2020). A Cost-Benefit Analysis of Capital Requirements Adjusted for Model Risk Journal of Corporate Finance, 65:101753.
  • Evstigneev, Igor; Hens, Thorsten; Potapova, Valeriya; Schenk-Hoppé, Klaus Reiner (2020). Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets Journal of Mathematical Economics, 91:121-135.
  • Chesney, Marc; Stromberg, Jacob; Wagner, Alexander; Wolff, Vincent Lars (2020). Managerial incentives to take asset risk Journal of Corporate Finance, 65:101758.
  • Hens, Thorsten; Schenk-Hoppé, Klaus-Reiner (2020). Patience Is a Virtue: In Value Investing International Review of Finance, 20(4):1019-1031.
  • Akyildirim, Erdinc; Corbet, Shaen; Sensoy, Ahmet; Yarovaya, Larisa (2020). The impact of blockchain related name changes on corporate performance Journal of Corporate Finance, 65:101759.
  • Ramelli, Stefano; Wagner, Alexander F (2020). Feverish Stock Price Reactions to COVID-19 Review of Corporate Finance Studies, 9(3):622-655.
  • Leippold, Markus; He, Yunhao (2020). Short-run risk, business cycle, and the value premium Journal of Economic Dynamics and Control, 120:103993.
  • Ettlin, Nicolas; Farkas, Walter; Kull, Andreas; Smirnow, Alexander (2020). Optimal Risk-Sharing Across a Network of Insurance Companies Insurance: Mathematics and Economics, 95:39-47.
  • Gao, Niushan; Munari, Cosimo (2020). Surplus-invariant risk measures Mathematics of operations research, 45(4):1342-1370.
  • Barucca, Paolo; Bardoscia, Marco; Caccioli, Fabio; D'Errico, Marco; Visentin, Gabriele; Caldarelli, Guido; Battiston, Stefano (2020). Network valuation in financial systems Mathematical Finance, 30(4):1181-1204.
  • Akyildirim, Erdinc; Corbet, Shaen; Cumming, Douglas; Lucey, Brian; Sensoy, Ahmet (2020). Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements Technological Forecasting and Social Change, 159:120191.
  • Cremers, Martijn; Pareek, Ankur; Sautner, Zacharias (2020). Short-term investors, long-term investments, and firm value: Evidence from Russell 2000 index inclusions Management Science, 66(10):4535-4551.
  • Ongena, Steven; Cerqueiro, Geraldo; Roszbach, Kasper (2020). Collateral Damaged? Priority Structure, Credit Supply, and Firm Performance Journal of Financial Intermediation, 44:100824.
  • Perillo, Chiara; Battiston, Stefano (2020). Financialization and unconventional monetary policy: a financial-network analysis Journal of Evolutionary Economics, 30:1385-1428.
  • Meuer, Johannes; Kölbel, Julian; Hoffmann, Volker H (2020). On the Nature of Corporate Sustainability Organization & Environment, 33(3):319-341.
  • Akyildirim, Erdinc; Corbet, Shaen; Nguyen, Duc Khuong; Sensoy, Ahmet (2020). Regulatory changes and long-run relationships of the EMU sovereign debt markets: Implications for future policy framework International Review of Law and Economics, 63:105907.
  • Holzmeister, Felix; Huber, Jürgen; Kirchler, Michael; Lindner, Florian; Weitzel, Utz; Zeisberger, Stefan (2020). What drives risk perception? A global survey with financial professionals and lay people Management Science, 66(9):3799-4358.
  • Mathys, Ludovic (2020). On Extensions of the Barone-Adesi & Whaley Method to Price American-Type Options Journal of Computational Finance, 24(2):33-76.
  • Schmocker, David; Tanner, Carmen; Katsarov, Johannes; Christen, Markus (2020). An Advanced Measure of Moral Sensitivity in Business European Journal of Psychological Assessment, 36(5):864-873.
  • King, Michael R; Ongena, Steven; Tarashev, Nikola (2020). Bank Standalone Credit Ratings International Journal of Central Banking, 16(3):101-144.
  • Eugster, Florian; Wagner, Alexander F (2020). Value Reporting and Firm Performance Journal of International Accounting, Auditing and Taxation, 40:100319.
  • Alper, Koray; Altunok, Fatih; Çapacıoğlu, Taniu; Ongena, Steven (2020). The effect of unconventional monetary policy on cross-border bank loans: Evidence from an emerging market European Economic Review, 127:103426.
  • Garcia-Appendini, Emilia; Montoriol-Garriga, Judit (2020). Trade credit use as firms approach default Journal of Money, Credit and Banking, 52(5):1199-1229.
  • Glöckner, Andreas; Renerte, Baiba; Schmidt, Ulrich (2020). Violations of coalescing in parametric utility measurement Theory and Decision, 89:471-501.
  • Méndez-Heras, Lizethe; Ongena, Steven (2020). "Finance And Growth" Re-Visited Journal of Financial Management, Markets and Institutions, 80(1):2050001.
  • Delpini, Danilo; Battiston, Stefano; Caldarelli, Guido; Riccaboni, Massimo (2020). Portfolio diversification, differentiation and the robustness of holdings networks Applied Network Science, 5:37.
  • Mathys, Ludovic (2020). Valuing Tradeability in Exponential Lévy Models Quantitative Finance and Economics, 4(3):459-488.
  • Chhaibi, Reda; Delbaen, Freddy; Méliot, Pierre-Loïc; Nikeghbali, Ashkan (2020). Mod-$\phi $ convergence: Approximation of discrete measures and harmonic analysis on the torus Annales de l'Institut Fourier, 70(3):1115-1197.
  • Belkov, Sergei; Evstigneev, Igor V; Hens, Thorsten (2020). An Evolutionary Finance Model with a Risk-Free Asset Annals of Finance, 16:593-607.
  • Mukhlynina, Liliya; Nyborg, Kjell G (2020). The Choice of Valuation Techniques in Practice: Education Versus Profession Critical Finance Review, 9(1-2):201-265.
  • Magill, Michael; Quinzii, Martine; Rochet, Jean-Charles (2020). The safe asset, banking equilibrium, and optimal central bank monetary, prudential and balance-sheet policies Journal of Monetary Economics, 112:113-128.
  • Akyildirim, Erdinc; Corbet, Shaen; Efthymiou, Marina; Guiomard, Cathal; O'Connell, John F; Sensoy, Ahmet (2020). The financial market effects of international aviation disasters International Review of Financial Analysis, 69:101468.
  • Leippold, Markus; Rüegg, Roger (2020). How rational and competitive is the market for mutual funds?
  • Bedendo, Mascia; Garcia, Emilia; Siming, Linus (2020). Cultural preferences and firm financing choices Journal of Financial and Quantitative Analysis, 55(3):897-930.
  • Tsionas, Mike G; Mamatzakis, Emmanuel; Ongena, Steven (2020). Does risk aversion affect bank output loss? The case of the Eurozone European Journal of Operational Research, 282(3):1127-1145.
  • Delis, Manthos D; Hasan, Iftekhar; Ongena, Steven (2020). Democracy and credit Journal of Financial Economics, 136(2):571-596.
  • Schuldenzucker, Steffen; Seuken, Sven; Battiston, Stefano (2020). Default Ambiguity: Credit Default Swaps Create New Systemic Risks in Financial Networks Management Science, 66(5):1981-1998.
  • Wagner, Alexander F (2020). What the stock market tells us about the post-COVID-19 world Nature Human Behaviour, 4(5):440.
  • Hens, Thorsten; Schindler, Nilüfer (2020). Value and patience: The value premium in a dividend-growth model with hyperbolic discounting Journal of Economic Behavior & Organization, 172:161-179.
  • Morales-Acevedo, Paola; Ongena, Steven (2020). Fear, anger and credit. On bank robberies and loan conditions Economic Inquiry, 58(2):921-952.
  • Fu, Jonathan (2020). Ability or opportunity to act: What shapes financial well-being?

Pagination