午夜探花

Institut f眉r Finanzwirtschaft

Publications

Textbooks

  • (Wiley, 2010, with Peter N. Posch)
  •   (Books on Demand, 2022)

Working Papers

  • Do Sustainability-Linked Bonds Reward Greater Sustainability by Design? (2025, with An Chen and Maria Hinken)

Journals

  • . Review of Asset Pricing Studies (2024) 14, Pages 545鈥�577 (with Sebastian Denk)    AI-generated podcast
  • Journal of International Money and Finance (forthcoming, with Marc Altd枚rfer and Andre Guettler)
  •   Journal of Banking and Finance (2024) 158, 107051 (with Mona ElBannan). Internet Appendix   AI-generated podcast
  • Equity premium forecasts tend to perform worse against a buy-and-hold benchmark. Critical Finance Review (2022) 11, 65-77.  .  Appendix.  Code.    
  • .  Journal of Banking and Finance (2021) 133, 106256 (with Lars Norden and Alexander Rieber)
  • Does the value premium decline with investor interest in value?  Journal of Behavioral Finance (2020) 4, 399-411.
  • Journal of Financial Services Research (2020) 58, 39-57.
  • . Journal of International Financial Markets, Institutions & Money (2019) 58, 1-18 (with Marc Altd枚rfer, Carlos De las Salas and Andre Guettler)
  • . German Economic Review (2019) 20, e469-e491 (with Sebastian Kranz and Peter N. Posch)
  • . Journal of Financial and Quantitative Analysis (2018) 53, 269-298 (with Peter Raupach)
  •   Financial Review (2018) 55, 379-412 (with Maximilian Franke)
  • Journal of Fixed Income (2016) 25, 46-57 (with Dirk G. Baur)
  • , Finance Research Letters (2015) 13, 172鈥�178 (with Dirk G. Baur)
  • . Journal of Financial Research  (2013) 36, 413:434.
  • . Journal of Banking and Finance (2013) 37, 5147-5158 ( with Peter N. Posch)
  • Can market discipline work in the case of rating agencies? Some lessons from Moody's stock price. Journal of Financial Services Research (2013) 43, 149-174.
  • Can rating agencies look through the cycle? Review of Quantitative Finance and Accounting (2013) 40, 623-646.
  • . Journal of Banking and Finance (2011) 35, 3351-3361 (with Alina Maurer)
  • Measuring the effects of geographical distance on stock market correlation, Journal of Empirical Finance (2011) 18, 237-247(with Stefanie Eckel, Alina Maurer and Volker Schmidt)
  • Corporate bond defaults are consistent with conditional independence. Journal of Credit Risk (2010), (with Florian Kramer)
  • The complementary nature of ratings and market-based measures of default risk. Journal of Fixed Income (2007) Summer, 38-47.
  • Journal of Financial Intermediation (2005) 14, 466-484, with Patrick F. Panther and Erik Theissen)
  • Journal of Economic Behavior and Organization 56 (2005), 365-381.
  • Journal of Banking and Finance 28 (2004), 2715-2746.
  • Implied asset value distributions. Applied Financial Economics 14 (2004), 875-883.
  • Evaluating credit risk models using loss density forecasts. Journal of Risk 4 (2003), with Hergen Frerichs. Reprinted in: Jorion, P. (2004): Innovations in risk management. Seminal Papers from the Journal of Risk.
  • . Journal of Banking and Finance 28 (2004), 695-720
  • What is at stake when determining lifetime asset allocation. Kredit und Kapital 26 (2003), 254-280.
  • Journal of Banking and Finance 27 (2003), 1427-1453.
  • Ausfallorientierte Performanceanalyse. Finanzmarkt und Portfoliomanagement 14 (2000), 239-51.
  • Bestimmung des Anlagerisikos bei Aktiensparpl盲nen. Die Betriebswirtschaft 60 (2000), 350-361.
  • Refining the Carlson-Parkin Method. Economics Letters 64 (1999), 167-171.
  • Die Verarbeitung von Gewinnprognosen auf dem deutschen Aktienmarkt. Zeitschrift f眉r betriebswirtschaftliche Forschung 51 (1999), S. 128-147.
  • Biases in Analyst Forecasts - Cognitive, Strategic, or Second-best? International Journal of Forecasting 14 (1998), 261-275. Reprinted in Batchelor/Dua (2003): Financial Forecasting, Volume I.
  • Welche Faktoren beeinflussen erwartete Aktienrenditen? - Eine Untersuchung anhand von Umfragedaten. Zeitschrift f眉r Wirtschafts-und Sozialwissenschaften 2 (1997),  209-246 (with Martin Weber).

Other

  • . Pension Forum 15 (2004), 2-34 (with Holger H枚fling and R眉diger Kiesel)
  • Anlagestrategien f眉r die private Altersvorsorge. In: Horstkotte, C. und I. Westphal (Hrsg.): Asset Management 2002. Schaeffer-Poeschel (2001), 23-36.
  • 脺ber- und Unterreaktion von Finanzanalysten. Behavioral Finance Group, Band 7 (with Martin Weber).

Dissertation

  • Der Beitrag von Finanzanalysten zur Informationsverarbeitung: Eine empirische Untersuchung f眉r den deutschen Aktienmarkt. Hrsg. von Prof. Dr. Jan Pieter Krahnen und Prof. Richard Stehle, Ph.D. Deutscher Universit盲tsverlag 1998.