Publications

ZORA Publication List

Publications

• 2020

  • Meuer, J., Kölbel, J., & Hoffmann, V. H. (2020). On the Nature of Corporate Sustainability Organization & Environment, 33, 319–341. https://doi.org/10.1177/1086026619850180
  • Eugster, F., & Wagner, A. F. (2020). Value Reporting and Firm Performance Journal of International Accounting, Auditing and Taxation, 40, 100319. https://doi.org/10.1016/j.intaccaudtax.2020.100319
  • Alper, K., Altunok, F., Çapacıoğlu, T., & Ongena, S. (2020). The effect of unconventional monetary policy on cross-border bank loans: Evidence from an emerging market European Economic Review, 127, 103426–103426. https://doi.org/10.1016/j.euroecorev.2020.103426
  • Garcia-Appendini, E., & Montoriol-Garriga, J. (2020). Trade credit use as firms approach default Journal of Money, Credit and Banking, 52, 1199–1229. https://doi.org/10.1111/jmcb.12618
  • Glöckner, A., Renerte, B., & Schmidt, U. (2020). Violations of coalescing in parametric utility measurement Theory and Decision, 89, 471–501. https://doi.org/10.1007/s11238-020-09761-5
  • Méndez-Heras, L., & Ongena, S. (2020). “Finance And Growth” Re-Visited. Journal of Financial Management, Markets and Institutions, 80, 2050001. https://doi.org/10.1142/S2282717X20500012
  • Delpini, D., Battiston, S., Caldarelli, G., & Riccaboni, M. (2020). Portfolio diversification, differentiation and the robustness of holdings networks Applied Network Science, 5, 37. https://doi.org/10.1007/s41109-020-00278-y
  • Mathys, L. (2020). Valuing Tradeability in Exponential Lévy Models Quantitative Finance and Economics, 4, 459–488. https://doi.org/10.3934/QFE.2020021
  • Chhaibi, R., Delbaen, F., Méliot, P.-L., & Nikeghbali, A. (2020). Mod-$\phi $ convergence: Approximation of discrete measures and harmonic analysis on the torus Annales de l’Institut Fourier, 70, 1115–1197. https://doi.org/10.5802/aif.3332
  • Kölbel, J. F., Heeb, F., Paetzold, F., & Busch, T. (2020). Can Sustainable Investing Save the World? Reviewing the Mechanisms of Investor Impact Organization & Environment, 33, 554–574. https://doi.org/10.1177/1086026620919202
  • Mukhlynina, L., & Nyborg, K. G. (2020). The Choice of Valuation Techniques in Practice: Education Versus Profession Critical Finance Review, 9, 201–265. https://doi.org/10.1561/104.00000088
  • Magill, M., Quinzii, M., & Rochet, J.-C. (2020). The safe asset, banking equilibrium, and optimal central bank monetary, prudential and balance-sheet policies Journal of Monetary Economics, 112, 113–128. https://doi.org/10.1016/j.jmoneco.2019.02.002
  • Bignozzi, V., Burzoni, M., & Munari, C. (2020). Risk measures based on benchmark loss distributions The Journal of Risk and Insurance, 87, 437–475. https://doi.org/10.1111/jori.12285
  • Akyildirim, E., Corbet, S., Katsiampa, P., Kellard, N., & Sensoy, A. (2020). The development of Bitcoin futures: Exploring the interactions between cryptocurrency derivatives Finance Research Letters, 34, 101234. https://doi.org/10.1016/j.frl.2019.07.007
  • Delis, M. D., Hasan, I., & Ongena, S. (2020). Democracy and credit Journal of Financial Economics, 136, 571–596. https://doi.org/10.1016/j.jfineco.2019.09.013
  • Tsionas, M. G., Mamatzakis, E., & Ongena, S. (2020). Does risk aversion affect bank output loss? The case of the Eurozone European Journal of Operational Research, 282, 1127–1145. https://doi.org/10.1016/j.ejor.2019.10.008
  • Leippold, M., & Rüegg, R. (2020). How rational and competitive is the market for mutual funds? Review of Finance, 24, 579–613. https://doi.org/10.1093/rof/rfz011
  • Schuldenzucker, S., Seuken, S., & Battiston, S. (2020). Default Ambiguity: Credit Default Swaps Create New Systemic Risks in Financial Networks Management Science, 66, 1981–1998. https://doi.org/10.1287/mnsc.2019.3304
  • Bedendo, M., Garcia, E., & Siming, L. (2020). Cultural preferences and firm financing choices Journal of Financial and Quantitative Analysis, 55, 897–930. https://doi.org/10.1017/S0022109019000103
  • Epper, T., Fehr, E., Fehr-Duda, H., Kreiner, C. T., Lassen, D. D., Leth-Petersen, S., & Rasmussen, G. N. (2020). Time discounting and wealth inequality American Economic Review, 110, 1177–1205. https://doi.org/10.1257/aer.20181096
  • Fu, J. (2020). Ability or opportunity to act: What shapes financial well-being? World Development, 128, 104843. https://doi.org/10.1016/j.worlddev.2019.104843
  • Jakovljević, S., Degryse, H., & Ongena, S. (2020). Introduction to the Symposium on Contemporary Banking Research: The use of fixed effects to disentangle loan demand from loan supply Economic Inquiry, 58, 917–920. https://doi.org/10.1111/ecin.12875
  • Ongena, S., & Qi, S. (2020). Fuel the engine: bank credit and firm innovation Journal of Financial Services Research, 57, 115–147. https://doi.org/10.1007/s10693-019-00316-6
  • Morales-Acevedo, P., & Ongena, S. (2020). Fear, anger and credit. On bank robberies and loan conditions Economic Inquiry, 58, 921–952. https://doi.org/10.1111/ecin.12826
  • Hens, T., & Schindler, N. (2020). Value and patience: The value premium in a dividend-growth model with hyperbolic discounting Journal of Economic Behavior & Organization, 172, 161–179. https://doi.org/10.1016/j.jebo.2020.01.028
  • Fasnacht, D. (2020). Die Ökosystemstrategie : Disruptive Innovationen mit klassischen Geschäftsmodellen kombinieren und neuen effektiven Mehrwert generieren. Zeitschrift Führung + Organisation, 89, 168–173. https://www.zfo.de/suche-archiv/Document/details/3654_12/
  • Hens, T., Schenk-Hoppé, K. R., & Woesthoff, M.-H. (2020). Escaping the Backtesting Illusion Journal of Portfolio Management, 46, 81–93. https://doi.org/10.3905/jpm.2019.1.123
  • Krueger, P., Sautner, Z., & Starks, L. T. (2020). The importance of climate risks for institutional investors Review of Financial Studies, 33, 1067–1111. https://doi.org/10.1093/rfs/hhz137
  • Ladika, T., & Sautner, Z. (2020). Managerial short-termism and investment: Evidence from accelerated option vesting Review of Finance, 24, 305–344. https://doi.org/10.1093/rof/rfz012
  • Basten, C. (2020). Higher Bank Capital Requirements and Mortgage Pricing: Evidence from the Counter-Cyclical Capital Buffer Review of Finance, 24, 453–495. https://doi.org/10.1093/rof/rfz009
  • Baes, M., & Munari, C. (2020). A continuous selection for optimal portfolios under convex risk measures does not always exist Mathematical Methods of Operations Research, 91, 5–23. https://doi.org/10.1007/s00186-019-00681-x
  • Brealey, R. A., Cooper, I. A., & Habib, M. A. (2020). Cost of capital and valuation in the public and private sectors: tax, risk, and debt capacity Journal of Business Finance and Accounting, 47, 163–187. https://doi.org/10.1111/jbfa.12413
  • Andrieș, A. M., Nistor, S., Ongena, S., & Sprincean, N. (2020). On Becoming an O-SII (“Other Systemically Important Institution”). Journal of Banking and Finance, 111, 105723. https://doi.org/10.1016/j.jbankfin.2019.105723
  • De Jonghe, O., Dewachter, H., & Ongena, S. (2020). Bank capital (requirements) and credit supply: Evidence from pillar 2 decisions Journal of Corporate Finance, 60, 101518. https://doi.org/10.1016/j.jcorpfin.2019.101518
  • Delis, M. D., Iosifidi, M., Kokas, S., Xefteris, D., & Ongena, S. (2020). Enforcement actions on banks and the structure of loan syndicates Journal of Corporate Finance, 60, 101527–101527. https://doi.org/10.1016/j.jcorpfin.2019.101527
  • De Jonghe, O., Dewachter, H., Mulier, K., Ongena, S., & Schepens, G. (2020). Some borrowers are more equal than others: Bank funding shocks and credit reallocation Review of Finance, 24, 1–43. https://doi.org/10.1093/rof/rfy040
  • Belkov, S., Evstigneev, I. V., Hens, T., & Xu, L. (2020). Nash equilibrium strategies and survival portfolio rules in evolutionary models of asset markets Mathematics and Financial Economics, 14, 249–262. https://doi.org/10.1007/s11579-019-00254-w
  • Baes, M., Koch-Medina, P., & Munari, C. (2020). Existence, uniqueness, and stability of optimal payoffs of eligible assets Mathematical Finance, 30, 128–166. https://doi.org/10.1111/mafi.12205
  • Zeisberger, S., & Borsboom, C. (2020). What makes an investment risky? An analysis of price path characteristics Journal of Economic Behavior & Organization, 169, 92–125. https://doi.org/10.1016/j.jebo.2019.11.002
  • Schnetzer, M. (2020). How Good Is Tactical Asset Allocation Using Standard Indicators? Journal of Portfolio Management, 46, 120–134. https://doi.org/10.3905/jpm.2020.1.145
  • Reppen, A. M., Soner, H. M., & Rochet, J.-C. (2020). Optimal dividend policies with random profitability Mathematical Finance, 30, 228–259. https://doi.org/10.1111/mafi.12223
  • Wagner, A. (2020). COVID-19 und Aktienkurse Expert Focus, 10, 5–5.
  • Kübler, F., Selden, L., & Wei, X. (2020). Incomplete market demand tests for Kreps-Porteus-Selden preferences Journal of Economic Theory, 185, 104973. https://doi.org/10.1016/j.jet.2019.104973
  • Gao, N., Munari, C., & Xanthos, F. (2020). Stability properties of Haezendonck–Goovaerts premium principles Insurance: Mathematics and Economics, 94, 94–99. https://doi.org/10.1016/j.insmatheco.2020.06.010
  • Leippold, M., & Vasiljevic, N. (2020). Option-Implied Intrahorizon Value at Risk Management Science, 66, 397–414. https://doi.org/10.1287/mnsc.2018.3157

• 2019

  • Paolella, M. S., Polak, P., & Walker, P. S. (2019). Regime switching dynamic correlations for asymmetric and fat-tailed conditional returns Journal of Econometrics, 213, 493–515. https://doi.org/10.1016/j.jeconom.2019.07.002
  • Krauss, A., Chmelikova, G., & Dvoulety, O. (2019). Performance of Microfinance Institutions in Europe - Does Social Capital Matter? Socio-Economic Planning Sciences, 68, 100670–100670. https://doi.org/10.1016/j.seps.2018.11.007
  • Koch-Medina, P., Albrecher, H., Bommier, A., Filipović, D., Loisel, S., & Schmeiser, H. (2019). Insurance: models, digitalization, and data science European Actuarial Journal, 9, 349–360. https://doi.org/10.1007/s13385-019-00209-x
  • Battiston, S., Delpini, D., Caldarelli, G., & Riccaboni, M. (2019). Systemic risk from investment similarities PLoS ONE, 14, e0217141–e0217141. https://doi.org/10.1371/journal.pone.0217141
  • Akyildirim, E., Corbet, S., & Ekinci, C. (2019). Analysing the dynamic influence of US macroeconomic news releases on Turkish stock markets Finance Research Letters, 31, 155–164. https://doi.org/10.1016/j.frl.2019.04.021
  • Daubanes, J., & Rochet, J.-C. (2019). The Rise of NGO Activism American Economic Journal: Economic Policy, 11, 183–212. https://doi.org/10.1257/pol.20180027
  • Zeisberger, S., Huber, J., & Palan, S. (2019). Does investor risk perception drive asset prices in markets? Experimental evidence Journal of Banking and Finance, 108, 105635–105635. https://doi.org/10.1016/j.jbankfin.2019.105635
  • Rochet, J.-C., & Thanassoulis, J. (2019). Intertemporal price discrimination with two products RAND Journal of Economics, 50, 951–973. https://doi.org/10.1111/1756-2171.12301
  • Leippold, M., & Yang, H. (2019). Particle Filtering, Learning, and Smoothing for Mixed-Frequency State-Space Models Econometrics and Statistics, 12, 25–41. https://doi.org/10.1016/j.ecosta.2019.07.001
  • Ongena, S., Popov, A., & van Horen, N. (2019). The invisible hand of the government: moral suasion during the European sovereign debt crisis American Economic Journal: Macroeconomics, 11, 346–379. https://doi.org/10.1257/mac.20160377
  • Schmidt, P. S., von Arx, U., Schrimpf, A., Wagner, A. F., & Ziegler, A. (2019). Common Risk Factors in International Stock Markets Financial Markets and Portfolio Management, 33, 213–241. https://doi.org/10.1007/s11408-019-00334-3
  • Broda, S. A. (2019). Testing for Individual Sphericity in Heterogeneous Panels Biometrika, 106, 740–747. https://doi.org/10.1093/biomet/asz018
  • Katsarov, J., Christen, M., Schmocker, D., Tanner, C., & Mauerhofer, R. (2019). Training moral sensitivity through video games: a review of suitable game mechanisms Games and Culture, 14, 344–366. https://doi.org/10.1177/1555412017719344
  • Tanner, C., Gangl, K., & Witt, N. (2019). The German Ethical Culture Scale (GECS): Development and first construct testing Frontiers in Psychology, 10:1667. https://doi.org/10.3389/fpsyg.2019.01667
  • Näf, J., Paolella, M. S., & Polak, P. (2019). Heterogeneous tail generalized COMFORT modeling via Cholesky decomposition Journal of Multivariate Analysis, 172, 84–106. https://doi.org/10.1016/j.jmva.2019.02.004
  • Meyer, J. (2019). Outreach and performance of microfinance institutions: the importance of portfolio yield Applied Economics, 51, 2945–2962. https://doi.org/10.1080/00036846.2018.1564016
  • Hörnlein, L. (2019). The value of gas-fired power plants in markets with high shares of renewable energy Energy Economics, 81, 1078–1098. https://doi.org/10.1016/j.eneco.2019.04.013
  • Necula, C., Drimus, G., & Farkas, W. (2019). A general closed form option pricing formula Review of Derivatives Research, 22, 1–40. https://doi.org/10.1007/s11147-018-9144-z
  • Beck, T., Ongena, S., & Sendeniz-Yüncü, I. (2019). Keep walking? Geographical proximity, religion, and relationship banking Journal of Corporate Finance, 55, 49–68. https://doi.org/10.1016/j.jcorpfin.2018.07.005
  • Petrov, V., Golub, A., & Olsen, R. (2019). Instantaneous Volatility Seasonality of High-Frequency Markets in Directional-Change Intrinsic Time Journal of Risk and Financial Management, 12, 54–54. https://doi.org/10.3390/jrfm12020054
  • Qi, S., & Ongena, S. (2019). Will money talk? Firm bribery and credit access Financial Management, 48, 117–157. https://doi.org/10.1111/fima.12218
  • Bielagk, J., Horst, U., & Moreno-Bromberg, S. (2019). Trading Under Market Impact: Crossing Networks Interacting With Dealer Markets Journal of Economic Dynamics and Control, 100, 131–151. https://doi.org/10.1016/j.jedc.2018.09.009
  • Bardgett, C., Gourier, E., & Leippold, M. (2019). Inferring volatility dynamics and risk premia from the S&P 500 and VIX markets Journal of Financial Economics, 131, 593–618. https://doi.org/10.1016/j.jfineco.2018.09.008
  • Kara, A., Marques-Ibanez, D., & Ongena, S. (2019). Securitization and credit quality in the European market European Financial Management, 25, 407–434. https://doi.org/10.1111/eufm.12168
  • Gotthelf, N., & Uhl, M. W. (2019). News Sentiment: A New Yield Curve Factor Journal of Behavioral Finance, 20, 21–31. https://doi.org/10.1080/15427560.2018.1432620
  • Behnk, S., Barreda-Tarrazona, I., & García-Gallego, A. (2019). Deception and reputation – An experimental test of reporting systems Journal of Economic Psychology, 71, 37–58. https://doi.org/10.1016/j.joep.2018.10.001
  • Braggion, F., & Ongena, S. (2019). Banking sector deregulation, bank–firm relationships and corporate leverage Economic Journal, 129, 765–789. https://doi.org/10.1111/ecoj.12569
  • Böcking, H.-J., Bundle, L., Schmid, R., & Wagner, A. (2019). Neukonzeption der variablen Vorstandsvergütung durch den Entwurf des deutschen Corporate Governance Kodex Der Betrieb, 4, 137–144.
  • Böcking, H.-J., Bundle, L., Schmid, R., & Wagner, A. (2019). Eine Analyse zur Vergütung von 100 Schweizer und 130 deutschen Unternehmen unter besonderer Berücksichtigung der Corporate Governance Der Konzern, 2019, 61–69.
  • Schnetzer, M. (2019). Carry-Based Expected Returns for Strategic Asset Allocation Journal of Portfolio Management, 45, 68–81. https://doi.org/10.3905/jpm.2018.45.2.068
  • Gropp, R., Mosk, T., Wix, C., & Ongena, S. (2019). Banks response to higher capital requirements: evidence from a quasi-natural experiment Review of Financial Studies, 32, 266–299. https://doi.org/10.1093/rfs/hhy052
  • Bradbury, M. A. S., Hens, T., & Zeisberger, S. (2019). How Persistent are the Effects of Experience Sampling on Investor Behavior? Journal of Banking and Finance, 98, 61–79. https://doi.org/10.1016/j.jbankfin.2018.10.014
  • von der Crone, H. C., Monsch, M., & Meisser, L. (2019). Aktien-Token GesKR: Schweizerische Zeitschrift für Gesellschafts- und Kapitalmarktrecht sowie Umstrukturierungen, 1, 1–17.
  • Hens, T., & Ritter, A. (2019). Mystery Shopping als Teil der Compliance - Am Beispiel des Bilanz Private Banking Rating Schweizerische Zeitschrift Für Wirtschafts- Und Finanzmarktrecht = Revue Suisse de Droit Des Affaires et Du Marché Financier, 568–581.
  • Coculescu, D., & Jeanblanc, M. (2019). Some no-arbitrage rules under short-sales constraints, and applications to converging asset prices Finance and Stochastics, 23, 397–421. https://doi.org/10.1007/s00780-019-00386-3

• 2018

  • Bruno, B., Garcia-Appendini, E., & Nocera, G. (2018). Experience and Brokerage in Asset Markets: Evidence from Art Auctions Financial Management, 47, 833–864. https://doi.org/10.1111/fima.12207
  • Hens, T., Lensberg, T., & Schenk-Hoppé, K. R. (2018). Front-Running and Market Quality: An Evolutionary Perspective on High Frequency Trading International Review of Finance, 18, 727–741. https://doi.org/10.1111/irfi.12159
  • Rohner, P., & Uhl, M. W. (2018). The Compensation Portfolio Finance Research Letters, 27, 60–64. https://doi.org/10.1016/j.frl.2018.02.023
  • Monasterolo, I., Zheng, J. I., & Battiston, S. (2018). Climate Transition Risk and Development Finance: A Carbon Risk Assessment of China’s Overseas Energy Portfolios. China & World Economy, 26, 116–142. https://doi.org/10.1111/cwe.12264
  • Perillo, C., & Battiston, S. (2018). A multiplex financial network approach to policy evaluation: the case of euro area Quantitative Easing Applied Network Science, 3, 49. https://doi.org/10.1007/s41109-018-0098-8
  • Wagner, A. F., Zeckhauser, R. J., & Ziegler, A. (2018). Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes and Trade Journal of Financial Economics, 130, 428–451. https://doi.org/10.1016/j.jfineco.2018.06.013
  • Akyildirim, E., Nguyen, D. K., & Sensoy, A. (2018). A tale of two risks in the EMU sovereign debt markets Economics Letters, 172, 102–106. https://doi.org/10.1016/j.econlet.2018.08.042
  • Rüegg, R., & Leippold, M. (2018). The Mixed vs the Integrated Approach to Style Investing: Much Ado About Nothing? European Financial Management, 24, 829–855. https://doi.org/10.1111/eufm.12139
  • Jochem, T., Ladika, T., & Sautner, Z. (2018). The retention effects of unvested equity: Evidence from accelerated option vesting Review of Financial Studies, 31, 4142–4186. https://doi.org/10.1093/rfs/hhy017
  • Chesney, M., Vargas, C., & Balietti, A. (2018). Long-Term Investment Choices for Quinoa Farmers in Puno, Peru: A Real Options Case Study International Journal of Food and Agricultural Economics, 6, 1–19. http://www.foodandagriculturejournal.com/
  • Behnk, S., Barreda-Tarrazona, I., & García-Gallego, A. (2018). Punishing liars - how monitoring affects honesty and trust PLoS ONE, 13, 1–30. https://doi.org/10.1371/journal.pone.0205420
  • Broda, S. A., Krause, J., & Paolella, M. S. (2018). Approximating expected shortfall for heavy-tailed distributions Econometrics and Statistics, 8, 184–203. https://doi.org/10.1016/j.ecosta.2017.07.003
  • Battiston, S., Karpf, A., & Mandel, A. (2018). Price and network dynamics in the European carbon market Journal of Economic Behavior & Organization, 153, 103–122. https://doi.org/10.1016/j.jebo.2018.06.019
  • Koch-Medina, P., Munari, C., & Svindland, G. (2018). Which eligible assets are compatible with comonotonic capital requirements? Insurance: Mathematics and Economics, 81, 18–26. https://doi.org/10.1016/j.insmatheco.2018.04.003
  • Hammerschmid, R., & Lohre, H. (2018). Regime shifts and stock return predictability International Review of Economics and Finance, 56, 138–160. https://doi.org/10.1016/j.iref.2017.10.021
  • Ongena, S., & Zalewska, A. (Ania). (2018). Institutional and individual investors: Saving for old age Journal of Banking and Finance, 92, 257–268. https://doi.org/10.1016/j.jbankfin.2017.10.012
  • Ongena, S., Tumer-Alkan, G., & von Westernhagen, N. (2018). Do exposures to sagging real estate, subprime or conduits abroad lead to contraction and flight to quality in bank lending at home? Review of Finance, 22, 1335–1373. https://doi.org/10.1093/rof/rfy011
  • Battiston, S., Monasterolo, I., & Stolbova, V. (2018). A Financial Macro-Network Approach to Climate Policy Evaluation Ecological Economics, 149, 239–253. https://doi.org/10.1016/j.ecolecon.2018.03.013
  • Almansour, A. M., & Ongena, S. (2018). Bank loan announcements and religious investors: Empirical evidence from Saudi Arabia Journal of Empirical Finance, 47, 78–89. https://doi.org/10.1016/j.jempfin.2018.02.002
  • Fuhrer, L. M. (2018). Liquidity in the Repo Market Journal of International Money and Finance, 84, 1–22. https://doi.org/10.1016/j.jimonfin.2018.02.005

Pagination