Publikationen und Forschungspapiere
- Scharnowski, S. (2026). Social media, high-frequency trading, and market making after-hours – Evidence from presidential tweets. The Journal of Financial Research, 1–31.
- Eska, F., Shi, Y., Theissen, E. und Uhrig-Homburg, M. (2025). Design and valuation of cryptocurrencies. Review of Quantitative Finance and Accounting, 1–44.
- Johnson, W. C. und Scharnowski, S. (2025). Price discovery through wrapped tokens. Economics Letters, 257, 1–5.
- Scharnowski, S. und Jahanshahloo, H. (2025). The economics of liquid staking derivatives: basis determinants and price discovery. The Journal of Futures Markets, 45, 91–117.
- Dinger, V., Schmidt, C. und Theissen, E. (2024). The real effects of distressed bank mergers. Journal of Corporate Finance, 89, 1–22.
- Eska, F., Shi, Y., Theissen, E. und Uhrig-Homburg, M. (2024). Do design features explain the volatility of cryptocurrencies? Finance Research Letters, 66, 1–8.
- Fink, J., Palan, S. und Theissen, E. (2024). Earnings autocorrelation and the post-earnings-announcement drift: Experimental evidence. Journal of Financial and Quantitative Analysis : JFQA, 59, 2799-2837.
- Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neusüß, S., Razen, M., Weitzel, U., Abad-Días, D., Abudy, M., Adrian, T., Ait-Sahalia, Y., Akmansoy, O., Alcock, J. T., Alexeev, V., Aloosh, A., Amato, L., Amaya, D., Angel, J. J., Avetikian, A. T., Bach, A., Baidoo, E., Bakalli, G., Bao, L., Barbon, A., Bashchenko, O., Bindra, P. C., Bjønnes, G. H., Black, B. S., Black, J. R., Scharnowski, S., Theissen, E. und Et altera, . (2024). Nonstandard Errors. The Journal of Finance, 79, 2339-2390.
- Scharnowski, S. (2024). Dark web traffic, privacy coins, and cryptocurrency trading activity. Finance Research Letters, 67, Part B, 1–7.
- Scharnowski, S. und Shi, Y. (2024). Intraday herding and attention around the clock. Journal of Behavioral and Experimental Finance, 41, 1–16.
- Betzer, A., van den Bongard, I. ., Schweder, F., Theissen, E. und Volkmann, C. (2023). All is not lost that is delayed: Overconfidence and investment outcomes. Review of Managerial Science : RMS, 17, 2297-2324.
- Gomber, P., Sagade, S., Theissen, E., Weber, M. C. und Westheide, C. (2023). Spoilt for choice: Determinants of market shares in fragmented equity markets. Journal of Financial Markets, 64, 1–19.
- Scharnowski, M., Scharnowski, S. und Zimmermann, L. (2023). Fan tokens: Sports and speculation on the blockchain. Journal of International Financial Markets, Institutions & Money, 89, 1–27.
- Theissen, E. und Westheide, C. (2023). One for the money, two for the show? The number of designated market makers and liquidity. Economics Letters, 224, 1–5.
- Zimmermann, L. (2023). Enhanced Global Asset Pricing Factors. Journal of Financial and Quantitative Analysis : JFQA, 58, 2692-2731.
- Brauneis, A., Mestel, R., Riordan, R. und Theissen, E. (2022). Bitcoin unchained: Determinants of cryptocurrency exchange liquidity. Journal of Empirical Finance, 69, 106–122.
- Brauneis, A., Mestel, R., Riordan, R. und Theissen, E. (2022). The anatomy of a fee change – Evidence from cryptocurrency markets. Journal of Empirical Finance, 67, 152–167.
- Greppmair, S. und Theissen, E. (2022). Small is beautiful? How the introduction of mini futures contracts affects the regular contract. Journal of Empirical Finance, 67, 19–38.
- Scharnowski, S. (2022). Central bank speeches and digital currency competition. Finance Research Letters, 49.
- Theissen, E., Machus, T. und Mestel, R. (2022). Heroes, just for one day: The impact of Donald Trump's tweets on stock prices. Journal of Behavioral and Experimental Finance, 33, 1–11.
- Brauneis, A., Mestel, R., Riordan, R. und Theissen, E. (2021). How to measure the liquidity of cryptocurrency markets? Journal of Banking and Finance, 124, 1–26.
- Brauneis, A., Mestel, R. und Theissen, E. (2021). What drives the liquidity of cryptocurrencies? A long-term analysis. Finance Research Letters, 39, 1–8.
- Rischen, T. und Theissen, E. (2021). Underpricing in the euro area bond market: New evidence from post-crisis regulation and quantitative easing. Journal of Financial Intermediation, 46, 1–16.
- Scharnowski, S. (2021). Understanding Bitcoin liquidity. Finance Research Letters, 38, Article 101477.
- Atanasov, V., Møller, S. V. und Priestley, R. (2020). Consumption fluctuations and expected returns. The Journal of Finance, 75, 1677-1713.
- Schuster, P., Theissen, E. und Uhrig-Homburg, M. (2020). Finanzwirtschaftliche Anwendungen der Blockchain-Technologie. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung : Zfbf, 72, 125–147.
- Theissen, E. und Westheide, C. (2020). Call of duty: Designated market maker participation in call auctions. Journal of Financial Markets, 49, Article 100530.
- Haselmann, R. und Theissen, E. (2019). Jan Krahnen zum 65. Geburtstag. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung : Zfbf, 71, 415–417.
- Johann, T., Scharnowski, S., Theissen, E., Westheide, C. und Zimmermann, L. (2019). Liquidity in the German stock market. Schmalenbach Business Review : Sbr, 71, 443–473.
- Korn, O., Krischak, P. K. R. und Theissen, E. (2019). Illiquidity transmission from spot to futures markets. The Journal of Futures Markets, 39, 1228-1249.
- Mestel, R., Nießen, L., Theissen, E., Uhlenkamp, C. und Wagner, D. (2019). Liquidität am österreichischen Aktienmarkt: Datenbank „FiRe Graz DS“. Bank-Archiv, 67, 620–629.
- Theissen, E. (2019). What can we learn from stock prices?: Cash flow, risk, and shareholder welfare : Comment. Journal of Institutional and Theoretical Economics : JITE, 175, 200–204.
- Andres, C., Betzer, A., Doumet, M. und Theissen, E. (2018). Open market share repurchases in Germany: A conditional event study approach. Abacus : A Journal of Accounting, Finance and Business, 54, 417–444.
- Mestel, R., Murg, M. und Theissen, E. (2018). Algorithmic trading and liquidity: Long term evidence from Austria. Finance Research Letters, 26, 198–203.
- Atanasov, V. und Nitschka, T. (2017). Firm size, economic risks, and the cross-section of international stock returns. The North American journal of economics and finance, 39, 110–126.
- Fahlenbrach, R., Hackbarth, D., Rocholl, J., Theissen, E. und Uhrig-Homburg, M. (2017). The future of corporate financing in Europe. Schmalenbach Business Review : Sbr, 18, 179–180.
- Gomber, P., Sagade, S., Theissen, E., Weber, M. C. und Westheide, C. (2017). Competition between equity markets : a review of the consolidation versus fragmentation debate. Journal of Economic Surveys, 31, 792–814.
- Kroencke, T. (2017). Asset pricing without garbage. The Journal of Finance, 72, 47–98.
- Atanasov, V. (2016). Conditional interest rate risk and the cross-section of excess stock returns. Review of financial economics, 30, 23–32.
- Doumet, M., Limbach, P. und Theissen, E. (2016). Ich bin dann mal weg : Werteffekte von Delistings deutscher Aktiengesellschaften nach dem Frosta-Urteil. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung : Zfbf, 68, 253–277.
- Andres, C., Doumet, M., Fernau, E. und Theissen, E. (2015). The Lintner model revisited: Dividends versus total payouts. Journal of Banking & Finance, 55, 56–69.
- 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.
- Gaul, J. und Theissen, E. (2015). A partially linear approach to modeling the dynamics of spot and futures prices. The Journal of Futures Markets, 35, 371–384.
- Gomber, P., Sagade, S., Theissen, E., Weber, M. C. und Westheide, C. (2015). The state of play in European over-the-counter equities trading. The Journal of Trading, 10, 23–32.
- Gomber, P., Schweickert, U. und Theissen, E. (2015). Liquidity dynamics in an electronic open limit order book: An event study approach. European Financial Management, 21, 52–78.
- Andres, C., Fernau, E. und Theissen, E. (2014). Should I Stay or Should I Go? Former CEOs as Monitors. Journal of Corporate Finance, 28, 26–47.
- Atanasov, V. und Nitschka, T. (2014). Currency excess returns and global downside market risk. Journal of International Money and Finance, 47, 268–285.
- Kroencke, T. A., Schindler, F. und Schrimpf, A. (2014). International Diversification Benefits with Foreign Exchange Investment Styles. Review of Finance, 18, 1847-1883.
- Theissen, E. und Fellner, G. (2014). Short sale constraints, divergence of opinion and asset prices: Evicence from the Laboratory. Journal of Economic Behavior & Organization : JEBO, 101, 113–127.
- Andres, C., Betzer, A., van den Bongard, I. ., Haesner, C. und Theissen, E. (2013). The Information Content of Dividend Surprises: Evidence from Germany. Journal of Business Finance & Accounting : JBFA, 40, 620–645.
- Andres, C., Betzer, A., Doumet, M. und Limbach, P. (2013). Auswirkungen guter Corporate Governance auf den Unternehmenswert. Kölner Schrift zum Wirtschaftsrecht : KSzW, 13, 92–96.
- Andres, C., van den Bongard, I. . und Lehmann, M. (2013). Is Busy Really Busy? Board Governance Revisited. Journal of Business Finance & Accounting : JBFA, 40, 1221-1246.
- Atanasov, V. (2013). Good times, bad times : inflation uncertainty and equity returns. Quantitative Finance, 13, 1331-1342.
- Hengelbrock, J., Theissen, E. und Westheide, C. (2013). Market Response to Investor Sentiment. Journal of Business Finance & Accounting : JBFA, 40, 901–917.
- Kasch, M. und Caporin, M. (2013). Volatility Threshold Conditional Correlations: An International Analysis. Journal of Financial Econometrics, 11, 706–742.
- Koch, S. und Westheide, C. (2013). The Conditional Relation between Fama-French Betas and Return. Schmalenbach Business Review : Sbr, 65, 334–358.
- Artmann, S., Finter, P., Kempf, A., Koch, S. und Theissen, E. (2012). The Cross-Section of German Stock Returns: New Data and New Evidence. Schmalenbach Business Review : Sbr, 64, 20–43.
- Atanasov, V. (2012). Downside risk of international stock returns. Journal of Banking & Finance, 36, 2379-2388.
- Betzer, A., Doumet, M. und Rinne, U. (2012). How policy changes affect shareholder wealth: the case of the Fukushima Dai-ichi nuclear disaster. Applied Economics Letters, 20, 799–803.
- Grammig, J. und Theissen, E. (2012). Is BEST Really Better? Internalization of Orders in an Open Limit Order Book. Schmalenbach Business Review : Sbr, 64, 82–100.
- Kroencke, T. A. und Schindler, F. (2012). International diversification with securitized real estate and the veiling glare from currency risk. Journal of International Money and Finance, 31, 1851-1866.
- Theissen, E. (2012). Price discovery in spot and futures markets: A reconsideration. The European Journal of Finance, 18, 969–987.
- Andres, C., Betzer, A. und van den Bongard, I. . (2011). Das Ende der Deutschland AG. Kredit und Kapital, 44, 185–216.
- Atanasov, V. (2010). The cross-section of equity returns and assets’ fundamental cash-flow risk. Financial Markets and Portfolio Management, 24, 327–351.
- Betzer, A. und Theissen, E. (2010). Sooner or later: An analysis of the delays in insider trading reporting. Journal of Business Finance & Accounting : JBFA, 37, 130–147.
- Andres, C., Betzer, A., Goergen, M. und Renneboog, L. (2009). Dividend policy of German firms: A panel data analysis of partial adjustment models. Journal of Empirical Finance, 16, 175–187.
- Betzer, A. und Theissen, E. (2009). Insider Trading and Corporate Governance: The Case of Germany. European Financial Management, 15, 402–429.
- Kasch, M. und Theissen, E. (2009). Competition Between Exchanges: Euronext versus Xetra. European Financial Management, 15, 181–207.
- Paschke, R. und Prokopczuk, M. (2009). Integrating multiple commodities in a model of stochastic price dynamics. Journal of Energy Markets, 2, 47–82.
- Andres, C. und Theissen, E. (2008). Setting a fox to keep the geese: Does the comply-or-explain principle work? Journal of Corporate Finance, 14, 289–301.
- Andres, C. und Theissen, E. (2007). Eine empirische Untersuchung der individualisierten Veröffentlichung der Vorstandsvergütung. Die Betriebswirtschaft : DBW, 67, 167–178.
- Boehmer, E., Grammig, J. und Theissen, E. (2007). Estimating the probability of informed trading – does trade misclassification matter? Journal of Financial Markets, 10, 26–47.
- Foucault, T., Moinas, S. und Theissen, E. (2007). Does anonymity matter in electronic limit order markets? The Review of Financial Studies, 20, 1707-1747.
- Theissen, E. (2007). An analysis of private investors’ stock market return forecasts. Applied Financial Economics, 17, 35–43.
- Löffler, G., Panther, P. F. und Theissen, E. (2006). Der vorbörsliche Handel mit IPOs. Betriebswirtschaftliche Forschung und Praxis : BFuP, 58, 481–494.
- Löffler, G., Panther, P. F. und Theissen, E. (2005). Who knows what when? The information content of pre-IPO market prices. Journal of Financial Intermediation, 14, 466–484.
- Elsas, R., El-Shaer, M. und Theissen, E. (2003). Beta and returns revisited: Evidence from the German stock market. Journal of International Financial Markets, Institutions & Money, 13, 1–18.
- Köndgen, J. und Theissen, E. (2003). Internalisierter Wertpapierhandel zu Börsenpreisen? Wertpapier-Mitteilungen : WM ; Fachorgan für das gesamte Wertpapierwesen. Teil 4, Zeitschrift für Wirtschafts- und Bankrecht, 57, 1497-1509.
- Theissen, E. (2003). Trader anonymity, price formation and liquidity. European Finance Review, 7, 1–26.
- Theissen, E. (2002). Empirische Untersuchungen zum Vergleich von Parketthandel und elektronischen Handelssystemen. Rer.pol. : Zeitschrift für die Mitglieder der Frankfurter Wirtschaftswissenschaftlichen Gesellschaft e. V., 2002, 19–15.
- Theissen, E. (2002). Floor versus screen trading: Evidence from the German stock market. Journal of Institutional and Theoretical Economics : JITE, 158, 32–54.
- Theissen, E. (2002). Internalisierung und Marktqualität: Was bringt Xetra Best? Kredit und Kapital, 35, 550–571.
- Theissen, E. (2002). Price discovery in floor and screen trading systems. Journal of Empirical Finance, 9, 455–474.
- Theissen, E. (2002). Underpricing und Anlegerdiskriminierung bei Aktienemissionen. Journal of Business Economics : JBE = Zeitschrift für Betriebswirtschaft : ZfB, 72, 1025-1044.
- Freihube, T. und Theissen, E. (2001). An Index Is an Index Is an Index? Schmalenbach Business Review : Sbr, 53, 295–320.
- Grammig, J., Schiereck, D. und Theissen, E. (2001). Knowing me, knowing you: Trader anonymity and informed trading in parallel markets. Journal of Financial Markets, 4, 385–412.
- Kehr, C.-H., Krahnen, J. P. und Theissen, E. (2001). The anatomy of a call market. Journal of Financial Intermediation, 10, 276–305.
- Theissen, E. (2001). A test of the accuracy of the Lee/
Ready trade classification algorithm. Journal of International Financial Markets, Institutions & Money, 11, 147–165.
- Theissen, E. und Westheide, C. (2022). One for the money, two for the show? The number of designated market makers and liquidity. SSRN Working Paper Series. Rochester, NY: SSRN.
- Dinger, V., Schmidt, C. und Theissen, E. (2021). The real effects of distressed bank mergers. Mannheim.
- Fink, J., Palan, S. und Theissen, E. (2021). Trading frictions and the post-earnings-announcement drift. SSRN Working Paper Series. Rochester, NY.
- Scharnowski, S. und Shi, Y. (2021). Bitcoin blackout: Proof-of-work and the centralization of mining. Mannheim.
- Theissen, E. und Yilanci, C. (2021). Momentum? What momentum? SSRN Working Paper Series. Rochester, NY.
- Theissen, E. und Zimmermann, L. (2021). Do contented customers make shareholders wealthy? – Implications of intangibles for security pricing. SSRN Working Paper Series. Rochester, NY: SSRN.
- Brauneis, A., Mestel, R., Riordan, R. und Theissen, E. (2020). How to measure the liquidity of cryptocurrencies? SSRN Working Paper Series. Rochester, NY.
- Fink, J., Palan, S. und Theissen, E. (2020). Earnings autocorrelation and the post-earnings-announcement drift – experimental evidence. Working Paper, 2020–03. Graz: Karl-Franzens-Universität Graz, Sozial- und Wirtschaftswissenschaftliche Fakultät.
- Theissen, E. und Yilanci, C. (2020). Momentum? What momentum? Köln: Universität Köln, Centre for Financial Research.
- Greppmair, S. und Theissen, E. (2019). Small is beautiful? How the introduction of mini futures contracts affects the regular contract. CFR Working Paper, 19–06. Köln: Universität Köln, Centre for Financial Research.
- Scharnowski, S., Theissen, E., Westheide, C. und Satchit, S. (2019). A tale of two cities. SSRN Working Paper Series. Rochester, NY.
- Brauneis, A., Mestel, R., Riordan, R. und Theissen, E. (2018). Bitcoin exchange rates: How integrated are markets? SSRN Working Paper Series. Rochester, NY.
- Betzer, A., van den Bongard, I. ., Theissen, E. und Volkmann, C. (2017). All is not lost that is delayed : overconfidence and investment failure. SSRN Working Paper Series. Rochester, NY.
- Johann, T. und Theissen, E. (2017). The best in town : a comparative analysis of low-frequency liquidity estimators. SSRN Working Paper Series. Rochester, NY.
- Rischen, T. und Theissen, E. (2017). Underpricing in the European corporate bond market. SSRN Working Paper Series. Rochester, NY.
- Gomber, P., Sagade, S., Theissen, E., Weber, M. C. und Westheide, C. (2016). Competition between equity markets : a review of the consolidation versus fragmentation debate. SAFE Working Paper, 35. Frankfurt am Main: University of Frankfurt.
- Gomber, P., Sagade, S., Theissen, E., Weber, M. C. und Westheide, C. (2016). Spoilt for choice : order routing decisions in fragmented markets. SAFE Working Paper, 143. Frankfurt am Main: University of Frankfurt.
- Theissen, E. und Westheide, C. (2016). Call of duty : designated market maker participation in call auctions. CFR Working Paper, 16–05. Köln: Centre for Financial Research.
- Fink, C., Raatz, K. und Weigert, F. (2015). Do Mutual Funds Outperform During Recessions? International (Counter-) Evidence. Mannheim [u. a.].
- Andres, C., Betzer, A., Doumet, M. und Theissen, E. (2014). Open Market Share Repurchases in Germany: A Conditional Event Study Approach. Schumpeter discussion papers, 14–010. Wuppertal.
- Betzer, A., Gider, J., Metzger, D. und Theissen, E. (2014). Stealth Trading and Trade Reporting by Corporate Insiders. SSRN Working Paper Series. Rochester, NY.
- Fink, C., Raatz, K. und Weigert, F. (2014). Do Mutual Funds Outperform During Recessions? International (Counter-) Evidence.
Working papers on finance / University of St.Gallen, School of Finance Research Paper, 14/
15. St. Gallen. - Kasch, M. und Sarkar, A. (2014). Is There an S&P 500 Index Effect? SSRN Working Paper Series. Rochester, NY.
- Korn, O., Krischak, P. K. R. und Theissen, E. (2014). Illiquidity transmission from spot to futures markets. CFR Working Paper, 14–10. Köln.
- Theissen, E. und Zehnder, L. S. (2014). Estimation of Trading Costs : Trade Indicator Models Revisited. CFR Working Paper, 14–09. Köln.
- Betzer, A., van den Bongard, I. . und Goergen, M. (2013). Index Membership vs. Loss of Control: The Unification of Dual-Class Shares. SSRN Working Paper Series. Rochester, NY.
- Gomber, P., Sagade, S., Theissen, E., Weber, M. C. und Westheide, C. (2013). Competition/
Fragmentation in Equities Markets: A Literature Survey. SAFE Working Paper, 35. Rochester, NY. - Kroencke, T. A., Schindler, F., Sebastian, S. und Theissen, E. (2013). GDP mimicking portfolios and the cross-section of stock returns. ZEW Discussion Papers, 13–026. Mannheim.
- Theissen, E., Voigt, C. und Westheide, C. (2013). Designated Market Makers in Electronic Limit Order Books – A Closer Look. SSRN Working Paper Series. Berlin [u. a.].
- Andres, C., Betzer, A., van den Bongard, I. ., Haesner, C. und Theissen, E. (2012). Dividend Announcements Reconsidered: Dividend Changes Versus Dividend Surprises. SSRN Working Paper Series. Rochester, NY.
- Andres, C., Fernau, E. und Theissen, E. (2012). Is It Better To Say Goodbye? When Former Executives Set Executive Pay. CFR Working Paper, 12–02. Köln.
- Dettenrieder, D. und Theissen, E. (2012). The Market Reaction to Corporate Disclosure: Evidence from Germany. Midwest Finance Association 2013 Annual Meeting Paper. Mannheim ; Münster.
- Kasch, M. und Caporin, M. (2012). Volatility Threshold Dynamic Conditional Correlations: An International Analysis. SSRN Working Paper Series. Rochester, NY.
- Theissen, E. und Zaehres, M. (2012). The Price Pressure Hypothesis Revisited: Evidence from Tax-Induced Selling. SSRN Working Paper Series. Rochester, NY.
- Andres, C., Betzer, A., van den Bongard, I. ., Haesner, C. und Theissen, E. (2011). Dividend Announcements Reconsidered: Dividend Changes versus Dividend Surprises. SSRN Working Paper Series. Rochester, NY.
- Bühler, W. und Vonhoff, V. (2011). The term structure of liquidity premia in the U.S. treasury market. SSRN Working Paper Series. Rochester, NY.
- Gomber, P., Schweickert, U. und Theissen, E. (2011). Liquidity Dynamics in an Electronic Open Limit Order Book: An Event Study Approach. CFR Working Paper, 11–14. Köln.
- Grammig, J., Theissen, E. und Wünsche, O. (2011). Time and the Price Impact of a Trade: A Structural Approach. Working Paper. Mannheim ; Tübingen.
- Kasch, M., Rangel, J. G. und Weigand, M. (2011). Market Crashes. SSRN Working Paper Series. Rochester, NY.
- Siewert, J. B. und Vonhoff, V. (2011). Liquidity and credit risk premia in the Pfandbrief market. Mannheim.
- Hengelbrock, J., Theissen, E. und Westheide, C. (2010). Market Response to Investor Sentiment. SSRN Working Paper Series. Rochester, NY.
- Krahnen, J. P., Schmid, F. A. und Theissen, E. (2006). Investment Performance and Market Share : Evidence from the German Mutual Fund Industry. CFR Working Paper, 06–06. Frankfurt a. M.: Centre for Financial Research.