Selected publications (since 2014)
Bu, D., Hanspal, T., Liao, Y., Liu, Y., 2021. Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing. Journal of Financial and Quantitative Analysis, Forthcoming.
Jankowitsch, R., Ottonello, G., Subrahmanyam, M.G., 2021, Regulation, Asset Complexity, and the Informativeness of Credit Ratings. Review of Corporate Finance Studies, Accepted
Hackethal A., Hanspal T., Lammer D. M., Rink K., 2021. The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments. Review of Finance, Accepted.
Dangl, T., Zechner, J., 2021. Debt Maturity and the Dynamics of Leverage. Review of Financial Studies. 34 (12), 5796-5840.
Choi, J., Hackbarth, D., Zechner, J., 2021. Granularity of Corporate Debt. Journal of Financial and Quantitative Analysis (JFQA). 56 (4), 1127-1162.
Chaderina, M., Weiß, P., Zechner, J. , 2021. The Maturity Premium. Journal of Financial Economics.
Cejnek, G., Randl, O., Zechner, J., 2021. The COVID-19 Pandemic and Corporate Dividend Policy. Journal of Financial and Quantitative Analysis (JFQA). 56 (7), 2389-2410.
Della Corte, P., Sarno, L., Schmeling, M., Wagner, C., 2021. Exchange Rates and Sovereign Risk. Management Science (MS).
Friewald, N., Nagler, F., Wagner, C., 2021. Debt Refinancing and Equity Returns. Journal of Finance.
Bischof, J., Laux, C.,Leuz, C., 2021. Accounting for Financial Stability: Bank Disclosure and Loss Recognition in the Financial Crisis. Journal of Financial Economics.
Schlag, C., Thimme, J., Weber, R., 2021. Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution. Journal of Financial Economics. 140 (1), 127-144.
Bräuer K., Hackethal A., Hanspal T., 2021. Consuming Dividends, Review of Financial Studies
Weber, R., 2021. Institutional Investors, Households and the Time-Variation in Expected Stock Returns. Journal of Financial and Quantitative Analysis (JFQA).
Bühlmaier, M., Zechner, J., 2020. Financial Media, Price Discovery, and Merger Arbitrage. Review of Finance. 25 (4), 997-1046.
Halling, M., Yu, J., Zechner, J., 2020. How Did COVID-19 Affect Firms’ Access to Public Capital Markets? Review of Corporate Finance Studies. 9 (3), 501-533.
Schneider P., Wagner. C., Zechner J., 2020, Low Risk Anomalies?,Journal of Finance. 75 (5), 2673-2718.
Geyer A., Kremslehner D., Mürmann A., 2020, Asymmetric Information in Automobile Insurance: Evidence from Driving Behavior, Journal of Risk and Insurance. 87 (4), 969-995.
Cejnek G., Randl O., 2019, Dividend Risk Premia, Journal of Financial and Quantitative Analysis, Journal of Financial and Quantitative Analysis (JFQA). 1-79.
Andersen St., Hanspal T., Meisner Nielsen K., 2019, Once Bitten, Twice Shy: The Power of Personal Experiences in Risk Taking, Journal of Financial Economics, Vol. 132, No. 3, p. 97-117.
Martin, I., Wagner, C., 2019, What is the Expected Return on a Stock?, Journal of Finance, 74 (4), 1887-1929.
Choi, J., Hackbarth, D., Zechner J., 2018, Corporate Debt Maturity Profiles, Journal of Financial Economics, Volume 130, Issue 3, pp.484-502.
Laux, C., Loranth, G., Morrison, A. D., 2018, The Adverse Effect of Information on Governance and Leverage, Management Science, 64 (4), 1510-1527.
Kolm, J., Laux, C., Loranth, G., 2017, Bank Regulation, CEO Compensation, and Boards, Review of Finance 21 (5), 1901-1932.
Laux, C., Rauter, T., 2017, Procyclicality of US Bank Leverage, Journal of Accounting Research 55 (2), 235-505.
Friewald, N., Hennessy, C., Jankowitsch, R., 2016, Secondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets, Review of Financial Studies 29 (5), 1254-1290.
Halling, M., Yu, J., Zechner, J., 2016, Leverage Dynamics over the Business Cycle, Journal of Financial Economics 122 (1), 21-41.
Huang, R., Mürmann, A., Tzeng, L., 2016, Hidden Regret in Insurance Markets, Journal of Risk and Insurance 83 (1), 181-216.
Laux, C., 2016, The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion, Journal of Accounting and Economics 62 (2-3), 204-208.
Wermers, R., Wu, Y., Zechner, J., 2016, Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds, Review of Financial Studies 29, 3428-3470.
Doherty, N., Laux, C., Mürmann, A., 2015, Insuring Nonverifiable Losses, Review of Finance 19 (1), 283-316.
Filipovic, D., Kremslehner, R., Mürmann, A., 2015, Optimal Investment and Premium Policies under Risk Shifting and Solvency Regulation, Journal of Risk and Insurance 82 (2): S. 261-288.
Dockner, E., Carlson, M., Fisher, A., Giammarino, R., 2014, Leaders, Followers, and Risk Dynamics in Industry Equilibrium, Journal of Financial and Quantitative Analysis, 49, 321-349.
Friewald, N., Wagner, C., Zechner, J., 2014, The Cross-Section of Credit Risk Premia and Equity Returns, Journal of Finance 69 (6), 2419-2469.
Jankowitsch, R., Nagler, F., Subrahmanyam, M. G., 2014, The Determinants of Recovery Rates in the US Corporate Bond Market, Journal of Financial Economics, 114 (1), 155-177.
A comprehensive list of all publications of the Institute's members can be found in the WU database PURE.
Finance Research Seminar
Researchers at the Institute of Finance, Banking and Insurance are part of the Vienna Graduate School of Finance (VGSF), a doctoral school jointly established by WU, University of Vienna and IHS in 2005, and funded by the Austrian Science Fund (FWF). The VGSF offers an internationally competitive PhD program in Finance.
The VGSF organizes the weekly VGSF Finance Research Seminar where international researchers present and discuss with local researchers and PhD students their state-of-the-art research.
Brown Bag Seminar
Scholars at WU, the PhD students of VGSF as well as international guests present their working papers for discussion in the Brown Bag Seminar. The seminar is organized by our Institute together with the Institute for Financial Research, the Vienna Institute of Finance and the Vienna Graduate School of Finance.