Prof. Dr. Erik Theissen
Universität Mannheim
Fakultät für Betriebswirtschaftslehre
Lehrstuhl für ABWL & Finanzierung
D – 68161 Mannheim
Büro: L 9, 1–2, Raum 313
Tel.: +49 (0) 621 181-1517
Fax: +49 (0) 621 181-1519
Email: theissenuni-mannheim.de
Sprechstunde:
- Während der Vorlesungszeit:
- Nach Vereinbarung jeweils montags, 14.00 bis 15.00 Uhr
- Persönlich oder per Zoom / Skype
- Außerhalb der Vorlesungszeit:
- Nach Vereinbarung
Aktuelles: siehe News
Kurzprofil
| seit 09/ | Professor der Finance Area an der Universität Mannheim |
| 10/ | Professor am Fachbereich für Volkswirtschaftslehre, Universität Bonn |
| 10/ | Gastprofessor an der Thammasat University, Bangkok, Thailand |
| 04/ | Gastprofessor an der Groupe HEC, Jouy-en-Josas, Frankreich |
| 06/ | Assistenzprofessor am Department of Economics and Business Administration, Universität Frankfurt |
Forschungsinteressen
- Markmikrostruktur
- Empirical Asset Pricing
- Blockchainanwendungen & Kryptowährungen
Publikationen
- 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.
- 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. und Theissen, E. (2024). Nonstandard Errors. The Journal of Finance, 79, 2339-2390.
- 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.
- Fink, J., Palan, S. und Theissen, E. (2023). Earnings autocorrelation and the post-earnings-announcement drift: experimental evidence. Journal of Financial and Quantitative Analysis : JFQA, 1–39.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Hengelbrock, J., Theissen, E. und Westheide, C. (2013). Market Response to Investor Sentiment. Journal of Business Finance & Accounting : JBFA, 40, 901–917.
- 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.
- 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.
- Theissen, E. (2012). Price discovery in spot and futures markets: A reconsideration. The European Journal of Finance, 18, 969–987.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.