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ZORA Publication List

Publications

2023
- Newspaper Article
  - Fasnacht, D., & Fabig, A. (2023). Die digitale Disruption bewältigen Computerworld Schweiz, 78–79. https://perma.cc/8AV5-HHAB
- Published Research Report
  - Durrer, M., Grampp, M., Laude, D., Maranghino-Singer, B., Ritz Bossicard, C., & Savoia, R. (2023). Cyber-Resilienz - Steigende Bedeutung für Verwaltungsräte : Vol. II/2023 (swissVR Monitor). swissVR. https://www2.deloitte.com/ch/de/pages/cxo/executives-and-board-programme/boardroom-programme/board-survey.html
  - Calice, P., Demekas, D. G., Battiston, S., Monasterolo, I., & Duggan, V. F. (2023). Mobilizing Finance for the Just Energy Transition in the European Union (Finance: Equitable Growth, Finance & Institutions Insight, Vol. 1). World Bank Group. https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099071523034041011/p179493027acfc0960858d0cb3597661c6b
  - Basten, C., Füss, R., Häfliger, P. S., Küng, L., Salzmann, D., & Schläpfer, J. (2023). Insights Into Today’s Real Estate Market - A Focus on Switzerland Swiss Finance Institute. https://www.sfi.ch/en/publications/sfi-roundups-real-estate-market
  - Fasnacht, D., Ryf, S., Siegenthaler, P., & Fichter, C. (2023). Schweizer KMU: Gute Stimmung trotz neuen Herausforderungen: Lieferkettenproblematik entspannt sich, künstliche Intelligenz als Chance: Ergebnisbericht (NZZ KMU Barometer). NZZ. https://files.static-nzz.ch/2023/06/06/249a0dc6-3793-4f68-be1d-b63a8c2b93af.pdf
- Scientific Publication in Electronic Form
  - Erten, I., & Ongena, S. (2023). Environmental risk and bank lending https://cepr.org/voxeu/columns/environmental-risk-and-bank-lending
  - Gao, M., Huang, Y., Ongena, S., & Wu, E. (2023). Banking on knowledge: Technology expertise and loan costs https://cepr.org/voxeu/columns/banking-knowledge-technology-expertise-and-loan-costs
  - Braggion, F., Von Meyerinck, F., Schaub, N., & Weber, M. (2023). The long-term effects of inflation on inflation expectations https://cepr.org/voxeu/columns/long-term-effects-inflation-inflation-expectations
  - Braggion, F., von Meyerinck, F., Schaub, N., & Weber, M. (2023). The long-term effects of inflation on inflation expectations 686. https://www.suerf.org/suerf-policy-brief/75253/the-long-term-effects-of-inflation-on-inflation-expectations
  - Braggion, F., von Meyerinck, F., Schaub, N., & Weber, M. (2023). The Long-term Effects of Inflation on Inflation Expectations https://bfi.uchicago.edu/insight/research-summary/the-long-term-effects-of-inflation-on-inflation-expectations/
  - Collard, F., Habib, M., Panizza, U., & Rochet, J.-C. (2023). Assessing Debt Sustainability in the Euro Area https://cepr.org/voxeu/columns/assessing-debt-sustainability-euro-area
- Working Paper
  - Battiston, S., Monasterolo, I., & Montone, M. (2023). Technological greenness and long-run performance (No. 4639787; SSRN). https://doi.org/10.2139/ssrn.4639787
  - Tanner, C., & Witt, N. (2023). The Many Facets of Workplace Moral Courage: Development and Validation of a Multidimensional Scale (No. 4670864; SSRN). https://doi.org/10.2139/ssrn.4670864
  - Paolella, M., Polak, P., & Walker, P. S. (2023). Risk Parity Portfolio Optimization under Heavy-Tailed Returns and Time-Varying Volatility (No. 4652551; SSRN). https://doi.org/10.2139/ssrn.4652551
  - Alessi, L., & Battiston, S. (2023). Taxonomy-alignment and transition risk: a country-level approach (No. JRC135889; JRC Working Papers in Economics and Finance). https://publications.jrc.ec.europa.eu/repository/handle/JRC135889
  - Bressan, G., Duranovic, A., Monasterolo, I., & Battiston, S. (2023). Asset-level assessment of climate physical risk matters for adaptation finance (No. 4062275; SSRN). https://doi.org/10.2139/ssrn.4062275
  - Cooper, I. A., & Nyborg, K. G. (2023). LBO Valuation Using Flows to Equity (No. 23–74; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4558785
  - Katsarov, J., Schmocker, D., Tanner, C., & Christen, M. (2023). Moral Sensitivity Training - A Systematic Review (No. 4551778; SSRN). https://doi.org/10.2139/ssrn.4551778
  - Nyborg, K. G., & Woschitz, J. (2023). The price of money: The reserves convertibility premium over the term structure (No. 18371; CEPR Discussion Papers). https://cepr.org/publications/dp18371
  - Hoepner, A. G. F., Klausmann, J., Leippold, M., & Rillaerts, J. (2023). Beyond climate: the impact of biodiversity, water, and pollution on the CDS term structure (Swiss Finance Institute Research Paper).
  - Kölbel, J., Zeisberger, S., Heeb, F., & Paetzold, F. (2023). Do Investors Care About Impact? (No. 3765659; SSRN). https://doi.org/10.2139/ssrn.3765659
  - Albertazzi, U., Bottero, M., Gambacorta, L., & Ongena, S. (2023). Asymmetric information and the securitization of SME loans (Swiss Finance Institute Research Paper).
  - Doskov, N., Hens, T., & Schenk-Hoppe, K. R. (2023). Strategic complementarity and substitutability of investment strategies (No. 22–04; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4003060
  - Braggion, F., Von Meyerinck, F., Schaub, N., & Weber, M. (2023). The long-term effects of inflation on inflation expectations (No. 23–13; Chicago Booth Paper). https://doi.org/10.2139/ssrn.4503275
  - Kubler, F., & Scheidegger, S. (2023). Uniformly self-justified equilibria (SSRN). https://doi.org/10.2139/ssrn.3995209
  - Huang, J., & Östberg, P. (2023). Difference-in-differences with Economic Factors and the Case of Housing Returns (No. 23–55; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4495214
  - Coculescu, D., Pham, H., & Motte, M. (2023). Opinion dynamics in communities with major influencers and implicit social influence via mean-field approximation (2306.16553; ArXiv.Org). https://doi.org/10.48550/arXiv.2306.16553
  - Orlov, V., Ramelli, S., & Wagner, A. (2023). Revealed Beliefs about Responsible Investing: Evidence from Mutual Fund Managers (No. 22–98; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4296497
  - Pohl, S., & Pursiainen, V. (2023). The Role of Stock Indices in Analyst Career Outcomes and Stock Recommendations (No. 23–50; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4414198
  - Iwata, T., & Weibel, M. (2023). A Factor-Tilt Approach to ESG Investing (No. 4456943; SSRN). https://doi.org/10.2139/ssrn.4456943
  - Barjašić, I., Battiston, S., & Zlatić, V. (2023). Credit Valuation Adjustment in Financial Networks (2305.16434; ArXiv.Org). https://doi.org/10.48550/arXiv.2305.16434
  - Mão-de-Ferro, A., & Ramelli, S. (2023). Inflation, the corporate greed narrative, and the value of corporate social responsibility (No. 23–06; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4308164
  - Wagner, A., Deng, M., Leippold, M., & Wang, Q. (2023). War and Policy: Investor Expectations on the Net-Zero Transition (No. 22–29; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4080181
  - Folini, D., Friedl, A., Kübler, F., & Scheidegger, S. (2023). The climate in climate economics (SSRN). https://doi.org/10.2139/ssrn.3885021
  - Ulrych, U., Cirulli, A., & Kobak, M. (2023). Portfolio Construction with Hierarchical Momentum (SSRN). https://doi.org/10.2139/ssrn.4125072
  - Hediger, S., Näf, J., & Wolf, M. (2023). R-NL: covariance matrix estimation for elliptical distributions based on nonlinear shrinkage (2210.14854; ArXiv.Org). https://doi.org/10.48550/arXiv.2210.14854
  - Brumm, J., Feng, X., Kotlikoff, L. J., & Kubler, F. (2023). When interest rates go low, should public debt go high? (No. 28951; NBER Working Paper Series). https://doi.org/10.3386/w28951
  - Basten, C., & Juelsrud, R. (2023). Cross-Selling in Bank Household Relationships: Implications for Deposit Pricing, Loan Pricing, and Monetary Policy (No. 22–65; Swiss Finance Institute Research Paper). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4204984
  - Yang, H. (2023). Behavioral Anomalies in Cryptocurrency Markets (No. 3174421; SSRN). https://doi.org/10.2139/ssrn.3174421
  - Kotlikoff, L. J., Kübler, F., Polbin, A., & Scheidegger, S. (2023). Can today’s and tomorrow’s world uniformly gain from carbon taxation? (NBER Working Paper Series). https://doi.org/10.3386/w29224
  - Kabas, G., & Roszbach, K. (2023). The price of leverage: learning from the effect of LTV constraints on job search and wages (No. 3835232; SSRN). https://doi.org/10.2139/ssrn.3835232
  - Garel, A., Romec, A., Sautner, Z., & Wagner, A. (2023). Do Investors Care About Biodiversity? (No. 23–10; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4398110
  - Briere, M., & Ramelli, S. (2023). Green Sentiment, Stock Returns, and Corporate Behavior (No. 3850923; SSRN). https://doi.org/10.2139/ssrn.3850923
  - De Nard, G., & Zhao, Z. (2023). Using, Taming or Avoiding the Factor Zoo? A Double-Shrinkage Estimator for Covariance Matrices (No. 3914867; SSRN). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3914867
  - Chesney, M., & Lambillon, A.-P. (2023). How green is ‘dark green’? An analysis of SFDR Article 9 funds (SSRN). https://doi.org/10.2139/ssrn.4366889
  - Basten, C., Kukk, M., & Toczynski, J. (2023). Beyond the headline: how personal inflation exposure shapes households’ financial choices (Swiss Finance Institute Research Paper).
  - Habib, M., Peng, Y., Wang, Y., & Wang, Z. (2023). The Implementation of Central Bank Policy in China: The Roles of Commercial Bank Ownership and CEO Faction Membership (No. 17918; CEPR Discussion Papers). https://cepr.org/publications/dp17918
  - Puschmann, T., & Huang-Sui, M. (2023). A taxonomy for Decentralized Finance (No. 4360067; SSRN). https://doi.org/10.2139/ssrn.4360067
  - Kölbel, J., & Lambillon, A.-P. (2023). Who Pays for Sustainability? An Analysis of Sustainability-Linked Bonds (No. 23–07; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4007629
  - Ulrych, U., & Polak, P. (2023). Dynamic Currency Hedging with Non-Gaussianity and Ambiguity (No. 21–60; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.3906716
  - Cerqueiro, G., Mão-de-Ferro, A., & Penas, M. F. (2023). Political uncertainty and the geographic allocation of credit: evidence from small businesses (DP 2020-00; TILEC Discussion Paper). https://doi.org/10.2139/ssrn.3492043
  - Büchel, B., Mechtenberg, L., & Wagner, A. (2023). When do proxy advisors improve corporate decisions? (No. 22–47; Swiss Finance Institute Research Paper).
  - Wagner, A., & Wenk, C. (2023). Say-on-Pay and Shareholder Value: The Tension between Agency and Hold-up (No. 11–12; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.1793089
  - Hens, T., & Ding-Hirschfeld, M. (2023). Personality Traits and Investment Styles (No. 22–16; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4029750
  - D’Ercole, F., & Wagner, A. F. (2023). Green Stocks and the 2023 Banking Crisis (No. 23–58; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4513900
  - Ceccarelli, M., Herpfer, C., & Ongena, S. (2023). Gender, performance, and promotion in the labor market for commercial bankers (No. 23–23; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4398349
  - Toczynski, J. (2023). Spend or invest? Analyzing MPC heterogeneity across three stimulus programs (No. 23–57; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4270518
  - Leippold, M. (2023). Sentiment spin: attacking financial sentiment with GPT-3 (No. 23–11; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4337182
2022
- Conference or Workshop item
  - Leippold, M., Hershcovich, D., Bingler, J. A., Kraus, M., & Webersinke, N. (2022). Towards Climate Awareness in NLP Research Proceedings of the Conference on Empirical Methods in Natural Language Processing, 2480–2494. https://doi.org/10.18653/v1/2022.emnlp-main.159
  - Leippold, M., Bingler, J. A., Kraus, M., & Webersinke, N. (2022, November 19). ClimateBert: A pretrained language model for climate-related text AAAI Fall Symposium 2022, Arlington. https://doi.org/10.48550/arXiv.2110.12010
- Dissertation
  - Eugster, P. (2022). Forecasting with Technical and Sentiment Analysis (Dissertation, University of Zurich)
  - Ulrych, U. (2022). Applications of statistical learning in quantitative finance (Dissertation, University of Zurich) https://doi.org/10.5167/uzh-218312
  - Smirnow, A. (2022). Risk Measures and their Applications in Quantitative Finance (Dissertation, University of Zurich)
  - Hofland, S. (2022). New Approaches to Modelling Individual Decisions under Uncertainty (Dissertation, University of Zurich)
  - Pelli, M. (2022). Essays on Unconventional Central Bank Policies (Dissertation, University of Zurich)
  - Heeb, F. (2022). Three Essays on the Impact of Sustainable Investing (Dissertation, University of Zurich) https://doi.org/10.5167/uzh-223731
  - Hediger, S. (2022). New methods for testing, prediction, and estimation with applications to finance (Dissertation, University of Zurich) https://doi.org/10.5167/uzh-228864
  - Erbe, R. K. (2022). Three essays in empirical finance (Dissertation, University of Zurich) https://doi.org/10.5167/uzh-230456
  - Demasi, R. (2022). Bridging Corporate Social Responsibility and Individual Well- and Ill-Being: A Micro-Level Perspective (Dissertation, University of Zurich) https://doi.org/10.5167/uzh-223012
- Edited Scientific Work
  - Nikeghbali, A., Pardalos, P. M., Raigorodskii, A. M., & Rassias, M. T. (Eds.). (2022). High-Dimensional Optimization and Probability : With a View Towards Data Science. Springer. https://doi.org/10.1007/978-3-031-00832-0
- Newspaper Article
  - Wagner, A. (2022, November 9). Krisen und nachhaltige Investitionen The Market, online. https://themarket.ch/meinung/krisen-und-nachhaltige-investitionen-ld.7715
  - Chesney, M. (2022, October 14). CS: la débâcle de Casino Suisse Le Temps, online. https://www.letemps.ch/opinions/cs-debacle-casino-suisse
  - Fasnacht, D., & Baschek, E. (2022, September 29). “Mit Blockchain können Abhängigkeiten abgebaut werden” (Interview). Handelszeitung, 30–30.
  - Chesney, M. (2022, July 19). «Uber Files» et corruption académique Le Temps, online. https://www.letemps.ch/opinions/uber-files-corruption-academique
  - Linder, S., Sohn, M., & Tanner, C. (2022, April 28). Sind wir eigentlich alle korrupt? Wirtschaftspsychologie Heute, online. https://www.wirtschaftspsychologie-heute.de/sind-wir-eigentlich-alle-korrupt/
  - Fasnacht, D. (2022, April 9). Das Momentum der Krise: Fintech hat von der Pandemie profitiert. Jetzt muss die Verantwortung stimmen Finanz und Wirtschaft, 10. https://disco-legacy-data.s3.eu-central-1.amazonaws.com/public/fuw/assets/fuw_digitaletransformation_2022.pdf
  - Chesney, M. (2022, April 1). Guerre nucléaire: concevoir l’inconcevable? Le Temps, online. https://www.letemps.ch/opinions/guerre-nucleaire-concevoir-linconcevable
  - Tanner, C., Smith, J., Sohn, M., & Linder, S. (2022, March 21). What Kind of Person Can Resist Corruption? The New Nation, online. https://thedailynewnation.com/news/318191/What-Kind-of-Person-Can-Resist-Corruption
  - Smith, J., Linder, S., Sohn, M., & Tanner, C. (2022, March 15). What Kind of Person Can Resist Corruption?: New research finds our moral commitment impacts how we react Psychology Today, online. https://www.psychologytoday.com/us/blog/be-in-the-know/202203/what-kind-person-can-resist-corruption
  - Keller, P., & Wilding, B. (2022, January 29). Gaming Tool für Anleger Finanz und Wirtschaft, 8. https://avenue.argusdatainsights.ch/Article/AvenuePDFClip?artikelHash=ce85fa3deb834aa68ee37136ecc032d4_3051A19EA937D032366CABD6DF74DB8C&artikelDateiId=313694721
- Published Research Report
  - Ryf, S., Siegenthaler, P., Fasnacht, D., & Fichter, C. (2022). Lieferkettenprobleme und Fachkräftemangel: Die Zukunftsaussichten von Schweizer Unternehmen verdüstern sich: Ergebnisbericht (NZZ-KMU Barometer). NZZ & Kalaidos University of Applied Science. https://www.kalaidos-fh.ch/-/media/KFH2019/Dokumente/News/2022/Wirtschaft/Ergebnisbericht-NZZ-KMU-Barometer-2022.pdf
- Scientific Publication in Electronic Form
  - Benincasa, E., Kabas, G., & Ongena, S. (2022). Lending in a landscape of uncoordinated climate policies The Banker, online. https://www.thebanker.com/Sustainability/Lending-in-a-landscape-of-uncoordinated-climate-policies?ct=true
  - Fasnacht, D. (2022). Internationale Verflechtung: Garant für Frieden und Wachstum? : Wie Schweizer Unternehmen in unsicheren Zeiten die Zukunft sehen. https://www.kalaidos-fh.ch/de-CH/Blog/Posts/2022/06/Wirtschaftspsychologie-1052-SEF-NZZ-KMU-Barometer-2022
  - Chesney, M. (2022). Krieg in der Ukraine: Das Undenkbare denken? https://www.infosperber.ch/wirtschaft/uebriges-wirtschaft/krieg-in-der-ukraine-das-undenkbare-denken/
  - Pestova, A., Mamonov, M., & Ongena, S. (2022). The price of war: Macroeconomic effects of the 2022 sanctions on Russia https://voxeu.org/article/macroeconomic-effects-2022-sanctions-russia
  - Barbiero, F., Burlon, L., Dimou, M., & Toczynski, J. (2022). Dual interest rates and the transmission of monetary policy 461. https://www.suerf.org/docx/f_d09344181930bb7c0c1bbe242ab0333f_56309_suerf.pdf
  - Durrani, A., Ongena, S., & Ponte Marques, A. (2022). The Certification Role of the EU-Wide Stress Testing Exercises in the Stock Market. What Can We Learn from the Stress Tests (2014-2021)? https://www.suerf.org/suer-policy-brief/55939/the-certification-role-of-the-eu-wide-stress-testing-exercises-in-the-stock-market-what-can-we-learn-from-the-stress-tests-2014-202
  - Dursun-de Neef, Ö., Ongena, S., & Tsonkova, G. (2022). Green versus sustainable loans: The impact on firms’ ESG performance https://cepr.org/voxeu/columns/green-versus-sustainable-loans-impact-firms-esg-performance
  - Hoang, K., Huynh, T., & Ongena, S. (2022). The impact of foreign sanctions on firm performance in Russia https://cepr.org/voxeu/columns/impact-foreign-sanctions-firm-performance-russia
  - Leippold, M., Wagner, A., Deng, M., & Wang, Q. (2022). What stock price reactions to the Russia-Ukraine war tell us about the energy transition https://voxeu.org/article/what-stock-price-reactions-russia-ukraine-war-tell-us-about-energy-transition
  - Boissay, F., Garcia-Appendini, E., & Ongena, S. (2022). Bottleneck effects of monetary policy https://cepr.org/publications/dp16465
  - Accetturo, A., Barboni, G., Cascarano, M., Garcia-Appendini, E., & Tomasi, M. (2022). Credit supply and green investment https://cepr.org/voxeu/columns/credit-supply-and-green-investment
  - Mamonov, M., Ongena, S., & Pestova, A. (2022). Reducing the inequality: Cross-sectional effects of financial sanctions on households and firms in Russia https://cepr.org/voxeu/columns/reducing-inequality-cross-sectional-effects-financial-sanctions-households-and-firms
- Working Paper
  - Leippold, M., & Wolff, V. L. (2022). Stock Market Liquidity, Monetary Policy and the Business Cycle (No. 22–93; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4286698
  - Chitsiripanich, S., Paolella, M. S., Polak, P., & Walker, P. (2022). Momentum Without Crashes (No. 22–87; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4280465
  - Paolella, M. S., & Polak, P. (2022). Density and Risk Prediction with Non-Gaussian COMFORT Models (No. 22–88; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4280472
  - Dzielinski, M., Eugster, F., Sjöström, E., & Wagner, A. (2022). Do Firms Walk the Climate Talk? (No. 22–14; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4021061
  - Zhu, W., & Yang, Y. (2022). Networks and Business Cycles (No. 3718826; SSRN). https://doi.org/10.2139/ssrn.3718826
  - Custodio, C., Ferreira, M., & Garcia-Appendini, E. (2022). Indirect Costs of Financial Distress (No. 3310941; SSRN). https://doi.org/10.2139/ssrn.3310941
  - Moreno, A., Ongena, S., Ventula Veghazy, A., & Wagner, A. (2022). “Long GFC”? The Global Financial Crisis, Health Care, and Covid-19 Deaths (No. 22–44; Swiss Finance Institute Research Paper). https://doi.org/10.2139/ssrn.4119672

Pagination