Research
The Chair of Corporate Governance has published research in prestigious journals such as Journal of Financial Economics and Review of Financial Studies. For more information please have a look at the content below.
Publications
Publications
- Jannati, S., Kumar, A., Niessen-Ruenzi, A. und Wolfers, J. (2024). In-group bias on financial markets. Management Science, forthcoming.
- Laudenbach, C., Malmendier, U. und Niessen-Ruenzi, A. (2024). The Long-Lasting Effects of Living Under Communism on Attitudes Towards Financial Markets, Journal of Finance, forthcoming.
- Hillert, A., Niessen-Ruenzi, A. und Ruenzi, S. (2023). Mutual fund shareholder letters : flows, performance, and managerial behavior. Management Science, forthcoming.
- Bogan, V., Kramer, L., Liao, C. und Niessen-Runezi, A. (2024). Race, Police Violence, and Financial Decision-Making , American Economic Journal: Papers & Proceedings,Vol. 114, pp. 163–168.
- Du, M., Niessen-Ruenzi, A. und Odean, T. (2023). Stock repurchasing bias of mutual funds. Review of Finance, Vol. 28, pp. 699–728.
- Meier, K., Niessen-Ruenzi, A. and Ruenzi, S. (2023). The impact of role models on women's self-selection in competitive environments. Quarterly Journal of Finance, Vol.24:02. Online Appendix
- Chhaochharia, V., Du, M. und Niessen-Ruenzi, A. (2022). Do Counter-Stereotypical Female Role Models Impact Women's Occupational Choices?. Journal of Economic Behavior & Organization, Vol. 196, 501 -523
- John P. Berns, Abu Zafar M. Shahriar, Luisa A. Unda (2021). Delegated monitoring in crowdfunded microfinance: Evidence from Kiva. Journal of Corporate Finance, Vol.66, 101864
- Addoum, J. M., Kumar, A., Le, N. und Niessen-Ruenzi, A. (2020). Local bankruptcy and geographic contagion in the bank loan market. Review of Finance, Vol. 24, Issue 5, 997–1037.
- Laudenbach, C., Malmendier, U. und Niessen-Ruenzi, A. (2019). Emotional Tagging and Belief Formation:The Long-Lasting Effects of Living Under Communism on Attitudes Towards Financial Markets. AEA Papers and Proceedings, 109, 567–71.
- Becker, D. M., Klüter, H., Niessen-Ruenzi, A. und Weber, M. (2019). Do direct cash payments increase whole blood supply? German Economic Review, Vol. 20, No. 4, 973-1001.
- Niessen-Ruenzi, A. und Ruenzi, S. (2019). Sex matters: Gender bias in the mutual fund industry. Management Science, Vol.65, No.7, 2947-3448
- Focke, F., Maug, E. und Niessen-Ruenzi, A. (2017). The impact of firm prestige on executive compensation. Journal of Financial Economics, 123, 313–336.
- Kumar, A., Niessen-Ruenzi, A. und Spalt, O. G. (2015). What is in a name? Mutual fund flows when managers have foreign-sounding names. Review of Financial Studies, 28, 2281-2321.
- Kempf, A., Merkle, C. und Niessen-Ruenzi, A. (2014). Low Risk and High Return – Affective Attitudes and Stock Market Expectations. European Financial Management, 20, 995-1030.
- Chhaochharia, V., Kumar, A. und Niessen-Ruenzi, A. (2012). Local Investors and Corporate Governance. Journal of Accounting & Economics, 54, 42–67.
- Kuhnen, C. M. und Niessen-Ruenzi, A. (2012). Public Opinion and Executive Compensation. Management Science, 58, 1249-1272.
- Finter, P., Niessen-Ruenzi, A. und Ruenzi, S. (2012). The Impact of Investor Sentiment on the German Stock Market. Jurnal of Business Economics, Vol. 82, pp.133–163
- Hess, D. und Niessen-Ruenzi, A. (2010). The Early News Catches the Attention: On the Relative Price Impact of Similar Economic Indicators. The Journal of Futures Markets, 30, 909–937.
- Niessen-Ruenzi, A. und Ruenzi, S. (2010). Political connectedness and firm performance: evidence from Germany. German Economic Review, 11, 441–464.
- Hess, D., Huang, H. und Niessen-Ruenzi, A. (2008). How do commodity futures respond to macroeconomic news? Financial Markets and Portfolio Management, 22, 127–146.
- Niessen-Ruenzi, A. (2007). Neuroeconomics. Die Betriebswirtschaft, 67, 735–739.
Working Papers
- Bogan, V., Kramer, L., Liao, C.,Niessen-Ruenzi, A. (2025). Generational Race-Based Trauma and Financial Market Participation
- Grüner, H.-P., Niessen.-Ruenzi, A., Siemroth, C. (2025). A man’s world? Consumption-based investment in the mutual fund industry
- Meyernick, F., Niessen-Ruenzi, A., Schmid, M. und Solomon, S. D. (2024). As California Goes, So Goes the Nation? Board Gender Quotas and Shareholders’ Distaste of Government Interventions.
- Langer, L. und Niessen-Ruenzi, A. (2024). Gender Stereotypes in Financial Advertisements.
- Ginzinger, L., Li, K., Niessen-Ruenzi, A. und Wang, G. (2024). Productivity Changes around Childbirth: Evidence from the Mutual Fund Industry.
- Niessen-Ruenzi, A. und Zimmerer, L. (2024). The Gender Investment Gap: Reasons and Consequences.
- Niessen-Ruenzi, A. und Mueden, V. (2023). Financial Socialization and the Gender Investment Gap.
- Niessen-Ruenzi, A., Zimmerer, L. (2023). Do Women Need to Provide More Skill Signals to Advance Their Careers?. SSRN Working Paper Series.
- Chhaochharia, V., Ghosh, S., Niessen-Ruenzi, A. und Schneider, C. (2022). Public Child Care Provision and the Motherhood Penalty. SSRN Working Paper Series. Rochester, NY.
- Niessen-Ruenzi, A. and Schneider, C. (2019). The Gender Pension Gap in Germany.
- Focke, F., Niessen-Ruenzi, A. and Ruenzi, S. (2016). A friendly turn: advertising bias in the news media. SSRN Working Paper Series. Rochester, NY.
- Jaroszek, L., Niessen-Ruenzi, A. and Ruenzi, S. (2016). Corporate fraud risk and stock market performance. SSRN Working Paper Series. Rochester, NY.
- Niessen-Ruenzi, A., Addoum, J. M. and Le, N. (2014). Contagious Negative Sentiment and Corporate Policies: Evidence from Local Bankruptcy Filings. SSRN Working Paper Series. Rochester, NY.
- Bär, M., Niessen-Ruenzi, A. and Ruenzi, S. (2008). The impact of work group diversity on performance: Large sample evidence from the mutual fund industry. SSRN Working Paper Series. Rochester, NY.
- Niessen-Ruenzi, A. (2007). Media Coverage and Macroeconomic Information Processing. SFB 649 Discussion Paper, 07–011. Berlin.
- Celjo-Hörhager, S. and Niessen-Ruenzi, A. (2006). How do self-fulfilling prophecies affect financial ratings? An experimental study. CFR Working Paper, 06–13. Köln: Centre for Financial Research.
Policy Papers
Governance-Mechanismen und Glaubwürdigkeit im Markt für grüne Anleihen (mit Larissa Ginzinger), Corporate Finance – CF vom 31.05.2024, Heft 05–06
Behavioral Finance e. V., Band 2: Frauen und Finanzen – Brauchen wir eine rosa Geldanlage?
Leitfaden für Prüfungsausschüsse (Teil I + Teil II) – (mit Thomas Kremer, Dieter Wemmer, and Axel v. Werder)
Gender Diversity in der Asset Management Industrie – Umfrageergebnisse 2023
Frauennetzwerke in Deutschland – eine umfragebasierte Analyse für Deutschland, 2022.
The Gender Pension Gap in Germany – Reasons and Remedies (mit Christoph Schneider).
Mind Gender Gaps! How Men and Women Get Equal Working Opportunities and Wages.
Gender Diversity in der Asset Management Industrie – Umfrageergebnisse 2021
Fearless girls – Gründe für den geringen Anteil Frauen in der Finanzbranche, (mit Stefan Ruenzi), 2018.
A Note on Corporate Finance, 2006 (mit Bianca Ahrens), in: WISU 06/
06. Books
- Niessen-Ruenzi, A. (2009). The Price Impact of Macroeconomic News on Capital Markets. Hamburg: Verlag Dr. Kovac.
MADOC list
Publications
- Bogan, V. L., Kramer, L. A., Liao, C. and Niessen-Ruenzi, A. (2024). Race, police violence, and financial decision-making. AEA Papers and Proceedings, 114, 163–168.
- Jannati, S., Kumar, A., Niessen-Ruenzi, A. and Wolfers, J. (2024). In-group bias on financial markets. Management Science (forthcoming).
- Laudenbach, C., Malmendier, U. and Niessen-Ruenzi, A. (2024). The long-lasting effects of living under communism on attitudes towards financial markets. The Journal of Finance (forthcoming).
- Meier, K., Niessen-Ruenzi, A. and Ruenzi, S. (2024). The impact of role models on women's self-selection in competitive environments. The Quarterly Journal of Finance : QJF (forthcoming).
- Du, M., Niessen-Ruenzi, A. and Odean, T. (2023). Stock repurchasing bias of mutual funds. Review of Finance, 1–29.
- Hillert, A., Niessen-Ruenzi, A. and Ruenzi, S. (2023). Mutual fund shareholder letters: Flows, performance, and managerial behavior. Management Science (forthcoming).
- Chhaochharia, V., Du, M. and Niessen-Ruenzi, A. (2022). Counter-stereotypical female role models impact women's occupational choices. Journal of Economic Behavior & Organization : JEBO, 196, 501–523.
- Addoum, J. M., Kumar, A., Le, N. and Niessen-Ruenzi, A. (2020). Local bankruptcy and geographic contagion in the bank loan market. Review of Finance, 24, 997-1037.
- Becker, D. M., Klüter, H., Niessen-Ruenzi, A. and Weber, M. (2019). The impact of direct cash payments on whole blood supply. German Economic Review : GER, 20, 973-1001.
- Laudenbach, C., Malmendier, U. and Niessen-Ruenzi, A. (2019). Emotional tagging and belief formation: The long-lasting effects of experiencing communism. AEA Papers and Proceedings, 109, 567–571.
- Niessen-Ruenzi, A. and Ruenzi, S. (2019). Sex matters: Gender bias in the mutual fund industry. Management Science, 65, 3001-3025.
- Focke, F., Maug, E. and Niessen-Ruenzi, A. (2017). The impact of firm prestige on executive compensation. Journal of Financial Economics, 123, 313–336.
- Kumar, A., Niessen-Ruenzi, A. and Spalt, O. (2015). What is in a name? Mutual fund flows when managers have foreign-sounding names. The Review of Financial Studies, 28, 2281-2321.
- Kempf, A., Merkle, C. and Niessen-Ruenzi, A. (2014). Low Risk and High Return – Affective Attitudes and Stock Market Expectations. European Financial Management, 20, 995-1030.
- Chhaochharia, V., Kumar, A. and Niessen-Ruenzi, A. (2012). Local Investors and Corporate Governance. Journal of Accounting & Economics, 54, 42–67.
- Finter, P., Niessen-Ruenzi, A. and Ruenzi, S. (2012). The Impact of Investor Sentiment on the German Stock Market. Zeitschrift für Betriebswirtschaft : ZfB, 82, 133–163.
- Kuhnen, C. M. and Niessen-Ruenzi, A. (2012). Public Opinion and Executive Compensation. Management Science, 58, 1249-1272.
- Hess, D. and Niessen-Ruenzi, A. (2010). The early news catches the attention: On the relative price impact of similar economic indicators. The Journal of Futures Markets, 30, 909–937.
- Niessen-Ruenzi, A. and Ruenzi, S. (2010). Political connectedness and firm performance: evidence from Germany. German Economic Review : GER, 11, 441–464.
- Hess, D., Huang, H. and Niessen-Ruenzi, A. (2008). How do commodity futures respond to macroeconomic news? Financial Markets and Portfolio Management, 22, 127–146.
- Niessen-Ruenzi, A. (2007). Neuroeconomics. Die Betriebswirtschaft : DBW, 67, 735–739.
Working Papers
- Hillert, A., Niessen-Ruenzi, A. and Ruenzi, S. (2023). Mutual fund shareholder letters: flows, performance, and managerial behavior. SAFE Working Paper, 380. Frankfurt am Main: University of Frankfurt.
- Niessen-Ruenzi, A. and Zimmerer, L. (2023). The importance of signaling for women's careers.
ECGI Finance Working Paper, 888/
2023. Bruxelles: European Corporate Governance Institute (ECGI). - Niessen-Ruenzi, A. and Schneider, C. (2019). The gender pension gap in Germany. Mannheim ; Tilburg.
- Du, M., Niessen-Ruenzi, A. and Odean, T. (2018). Stock repurchasing bias of mutual funds. SSRN Working Paper Series. Rochester, NY.
- Jannati, S., Kumar, A., Niessen-Ruenzi, A. and Wolfers, J. (2018). In-group bias in financial markets. SSRN Working Paper Series. Rochester, NY.
- Laudenbach, C., Malmendier, U. and Niessen-Ruenzi, A. (2018). The long-lasting effects of experiencing communism on financial risk-taking. Mannheim [u. a.].
- Laudenbach, C., Malmendier, U. and Niessen-Ruenzi, A. (2018). The long-lasting effects of propaganda on financial risk-taking. Mannheim [u. a.].
- Meier, K., Niessen-Ruenzi, A. and Ruenzi, S. (2018). The impact of role models on women's self-selection in competitive environments. SSRN Working Paper Series. Rochester, NY.
- von Meyerinck, F., Niessen-Ruenzi, A., Schmid, M. and Davidoff Solomon, S. (2018). As California goes, so goes the nation? The impact of board gender quotas on firm performance and the director labor market. SSRN Electronic Journal. Rochester, NY: SSRN.
- Chhaochharia, V., Ghosh, S., Niessen-Ruenzi, A. and Schneider, C. (2017). Child care provision and women's careers in firms. SSRN Working Paper Series. Rochester, NY.
- Ruenzi, S. and Niessen-Ruenzi, A. (2017). Sex matters: Gender bias in the mutual fund industry. SSRN Working Paper Series. Rochester, NY.
- Becker, D. M., Klüter, H., Niessen-Ruenzi, A. and Weber, M. (2016). The impact of direct cash payments on whole blood supply. SSRN Working Paper Series. Rochester, NY.
- Focke, F., Niessen-Ruenzi, A. and Ruenzi, S. (2016). A friendly turn: advertising bias in the news media. SSRN Working Paper Series. Rochester, NY.
- Hillert, A., Niessen-Ruenzi, A. and Ruenzi, S. (2016). Mutual fund shareholder letters : flows, performance, and managerial behavior. SSRN Working Paper Series. Rochester, NY.
- Jaroszek, L., Niessen-Ruenzi, A. and Ruenzi, S. (2016). Corporate fraud risk and stock market performance. SSRN Working Paper Series. Rochester, NY.
- Addoum, J. M., Kumar, A., Le, N. and Niessen-Ruenzi, A. (2015). Local bankruptcy and geographic contagion in the bank loan market. SSRN Working Paper Series. Rochester, NY: SSRN.
- Niessen-Ruenzi, A., Addoum, J. M. and Le, N. (2014). Contagious Negative Sentiment and Corporate Policies: Evidence from Local Bankruptcy Filings. SSRN Working Paper Series. Rochester, NY.
- Bär, M., Niessen-Ruenzi, A. and Ruenzi, S. (2008). The impact of work group diversity on performance: Large sample evidence from the mutual fund industry. SSRN Working Paper Series. Rochester, NY.
- Niessen-Ruenzi, A. (2007). Media Coverage and Macroeconomic Information Processing. SFB 649 Discussion Paper, 07–011. Berlin.
- Celjo-Hörhager, S. and Niessen-Ruenzi, A. (2006). How do self-fulfilling prophecies affect financial ratings? An experimental study. CFR Working Paper, 06–13. Köln: Centre for Financial Research.