Publikationen

Brockman, P., Hanousek, J., Tresl, J. und Unlu, E. (2022). Dividend smoothing and firm valuation. Journal of Financial and Quantitative Analysis : JFQA, 57, 1621–1647.
Flannery, M. J., Hanousek, J., Shamshur, A. und Tresl, J. (2022). M&A activity and the capital structure of target firms. Journal of Financial and Quantitative Analysis : JFQA, 1–32.
Kieren, P., Müller-Dethard, J. und Weber, M. (2022). Risk-Taking and Asymmetric Learning in Boom and Bust Markets. Review of Finance (forthcoming).
Laudenbach, C., Ungeheuer, M. und Weber, M. (2022). How to alleviate correlation neglect in investment decisions. Management Science, 1–44 (forthcoming).
Levit, D., Malenko, N. und Maug, E. (2022). Trading and shareholder democracy. The Journal of Finance (forthcoming).
Zimmermann, L. (2022). Enhanced Global Asset Pricing Factors. Journal of Financial and Quantitative Analysis : JFQA, 1–40.

Chabi-Yo, F., Huggenberger, M. und Weigert, F. (2021). Multivariate crash risk. Journal of Financial Economics.
Kempf, E. und Spalt, O. (2021). Attracting the sharks: Corporate innovation and securities class action lawsuits. Management Science (forthcoming).
Li, S. Z., Maug, E. und Schwartz-Ziv, M. (2021). When shareholders disagree: Trading after shareholder meetings. The Review of Financial Studies, 1–71.
Schneider, C. und Spalt, O. (2021). Bidder and target size effects in M&A are not driven by overconfidence or agency problems. Critical Finance Review (forthcoming).
Ungeheuer, M. und Weber, M. (2021). The perception of dependence, investment decisions, and stock prices. The Journal of Finance, 76, 797–844.

Atanasov, V., Møller, S. V. und Priestley, R. (2020). Consumption fluctuations and expected returns. The Journal of Finance, 75, 1677–1713.
Focke, F., Ruenzi, S. und Ungeheuer, M. (2020). Advertising, attention, and financial markets. The Review of Financial Studies, 33, 4676–4720.

Antoni, M., Maug, E. und Obernberger, S. (2019). Private equity and human capital risk. Journal of Financial Economics, 133, 634–657.
Baele, L., Driessen, J., Ebert, S., Londono, J. M. und Spalt, O. (2019). Cumulative prospect theory, option returns, and the variance premium. The Review of Financial Studies, 32, 3667–3723.
Glaser, M., Iliewa, Z. und Weber, M. (2019). Thinking about prices versus thinking about returns in financial markets. The Journal of Finance, 74, 2997–3039.
Niessen-Ruenzi, A. und Ruenzi, S. (2019). Sex matters: Gender bias in the mutual fund industry. Management Science, 65, 3001–3025.

Arnold, M., Hackbarth, D. und Puhan, T. X. (2018). Financing asset sales and business cycles. Review of Finance, 22, 243–277.
van Bekkum, S., Gabarro, M. und Irani, R. M. (2018). Does a larger menu increase appetite? Collateral eligibility and credit supply. The Review of Financial Studies, 31, 943–979.
Fousseni, C.-Y., Ruenzi, S. und Weigert, F. (2018). Crash sensitivity and the cross section of expected stock returns. Journal of Financial and Quantitative Analysis : JFQA, 53, 1059–1100.
Hoechle, D., Ruenzi, S., Schaub, N. und Schmid, M. (2018). Financial advice and bank profits. The Review of Financial Studies, 31, 4447–4492.
Kim, E H., Maug, E. und Schneider, C. (2018). Labor representation in governance as an insurance mechanism. Review of Finance, 22, 1251–1289.

Agarwal, V., Ruenzi, S. und Weigert, F. (2017). Tail risk in hedge funds : a unique view from portfolio holdings. Journal of Financial Economics, 125, 610–636.
Busch, P. und Obernberger, S. (2017). Actual share repurchases, price efficiency, and the information content of stock prices. The Review of Financial Studies, 30, 324–362.
Focke, F., Maug, E. und Niessen-Ruenzi, A. (2017). The impact of firm prestige on executive compensation. Journal of Financial Economics, 123, 313–336.
Heuer, J., Merkle, C. und Weber, M. (2017). Fooled by randomness: Investor perception of fund manager skill. Review of Finance, 21, 605–635.
Hoechle, D., Ruenzi, S., Schaub, N. und Schmid, M. (2017). The impact of financial advice on trade performance and behavioral biases. Review of Finance, 21, 871–910.
Kempf, E., Manconi, A. und Spalt, O. (2017). Distracted shareholders and corporate actions. The Review of Financial Studies, 30, 1660–1695.
Kroencke, T. (2017). Asset pricing without garbage. The Journal of Finance, 72, 47–98.
Schneider, C. und Spalt, O. (2017). Acquisitions as lotteries? The selection of target-firm risk and its impact on merger outcomes. Critical Finance Review, 6, 77–132.

Hillert, A., Maug, E. und Obernberger, S. (2016). Stock repurchases and liquidity. Journal of Financial Economics, 119, 186–209.
Jacobs, H. (2016). Market maturity and mispricing. Journal of Financial Economics, 122, 270–287.
Koch, A., Ruenzi, S. und Starks, L. T. (2016). Commonality in liquidity: a demand-side explanation. The Review of Financial Studies, 29, 1943–1974.
Kumar, A., Page, J. K. und Spalt, O. (2016). Gambling and comovement. Journal of Financial and Quantitative Analysis : JFQA, 51, 85–111.
Schneider, C. und Spalt, O. (2016). Conglomerate investment, skewness, and the CEO long shot bias. The Journal of Finance, 71, 635–672.

Atanasov, V. und Nitschka, T. (2015). Foreign currency returns and systematic risks. Journal of Financial and Quantitative Analysis : JFQA, 50, 231–250.
Betzer, A., Gider, J., Metzger, D. und Theissen, E. (2015). Stealth trading and trade reporting by corporate insiders. Review of Finance, 19, 865–905.
Kumar, A., Niessen-Ruenzi, A. und 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.

Hillert, A., Jacobs, H. und Müller, S. (2014). Media Makes Momentum. The Review of Financial Studies, 27, 3467–3501.
von Lilienfeld-Toal, U. und Ruenzi, S. (2014). CEO Ownership, Stock Market Performance, and Managerial Discretion. The Journal of Finance, 69, 1013–1050.

Dittmann, I., Maug, E. und Spalt, O. (2013). Indexing executive compensation contracts. The Review of Financial Studies, 26, 3182–3224.
Kaufmann, C., Weber, M. und Haisley, E. C. (2013). The Role of Experience Sampling and Graphical Displays on One`s Investment Risk Taking Appetite. Management Science, 59, 323–340.
Kumar, A., Page, J. K. und Spalt, O. (2013). Investor sentiment and return comovements: Evidence from stock splits and headquarters changes. Review of Finance, 17, 921–953.
Spalt, O. (2013). Probability weighting and employee stock options. Journal of Financial and Quantitative Analysis : JFQA, 48, 1085–1118.