Selected publications This page gives an overview of selected publications for all chairs at s/bf-HSG. A list of publications can be found on the University of St.Gallen research platform Alexandria. 2020 Unsecured and Secured Funding M. Di Filippo, A. Ranaldo, J. Wrampelmeyer Journal of Money, Credit and Banking, forthcoming. Asymmetric Information Risk in FX Markets A. Ranaldo, F. Somogyi Journal of Financial Economics, online December 2020. Regulatory Effects on Short Term Interest Rates A. Ranaldo, P. Schaffner, M. Vasios Journal of Financial Economics, forthcoming. OTC Premia G. Cenedese, A. Ranaldo, M. Vasios Journal of Financial Economics 136(1), April 2020, 86-105. The Behavioral Economics of Currency Unions: Economic Integration and Monetary Policy A. Bertasiutea, D. Massaro, M. Weber Journal of Economic Dynamics and Control, Volume 112, March 2020, 103850. The Cross-Over Effect of Irrational Sentiments in Housing, Commercial Property, and Stock Markets. D. Prashant, R. Füss, B. Hanle, I. Russ. Journal of Banking and Finance, Volume 114, May 2020, 105799. Winning a Deal in Private Equity: Do Educational Ties Matter? F. Fuchs, R. Füss, T. Jenkinson, S. Morkoetter Journal of Corporate Finance, forthcoming. 2019 Monetary Policy Under Behavioral Expectations: Theory and Experiment C. Hommes, D. Massaro, M. Weber European Economic Review, Volume 118, September 2019, 193-212. Does Price Fixing Benefit Corporate Managers? T. Artiga Gonzalez, M. Schmid, D. Yermack Management Science 65(10), May 2019, 4813-4840. Borrowing Constraints, Home Ownership and Housing Choice: Evidence from Intra-Family Wealth Transfers K. Blickle, M. Brown Journal of Money, Credit and Banking, Vol. 51(2-3), 539-580. Euro Repo Market Functioning: Collateral is King A. Ranaldo, P. Schaffner, K. Tsatsaronis BIS Quarterly Review, December 2019. Brokers and Order Flow Leakage: Evidence from Fire Sales A. Barbon, M. Di Maggio, F. Franzoni, A. Landier Journal of Finance, Volume 74(6), August 2019 2707-2749. Quantitative Easing and Equity Prices: Evidence from the ETF Program of the Bank of Japan A. Barbon, V. Gianinazzi The Review of Asset Pricing Studies, Volume 9(2), December 2019, 210-255. 2018 Regional Inflation, Financial Integration and Dollarization M. Brown, R. De Haas, V. Sokolov Review of Finance, Vol. 22(6), October 2018, 2073-2108. Financial Advice and Bank Profits D. Hoechle, S. Ruenzi, N. Schaub, M. Schmid Review of Financial Studies, Vol. 31(11), 2018, 4447-4492. Settling the Staggered Board Debate Y. Amihud, M. Schmid, S. Davidoff Solomon University of Pennsylvania Law Review, Vol. 166(6), 2018, 1475-1510. An Experimental Study of Bond Market Pricing M. Weber, J. Duffy, A. Schram The Journal of Finance, Volume 74(4), August 2018, 1857-1892. Legal Framework Quality and Success of (Different Types of) Venture Capital Investments T. Tykvová Journal of Banking and Finance, Volume 87, February 2018, 333-350. 2017 Are Correlations Constant? Empirical and Theoretical Results on Popular Correlation Models in Finance Z. Adams, R. Füss, T. Glück Journal of Banking and Finance, Vol. 84(11), 2017, 9-24. A Simple Estimation of Bid‐Ask Spreads from Daily Close, High, and Low Prices F. Abdi, A. Ranaldo The Review of Financial Studies, Vol. 30(12), December 2017, 4437–4480. The Impact of Financial Advice on Trade Performance and Behavioral Biases D. Hoechle, S. Ruenzi, M. Schmid, N. Schaub Review of Finance, Vol. 21(2), 2017, 871-910. Individual Investor Activity and Performance M. Dahlquist J. Vicente Martinez, P. Söderlind The Review of Financial Studies, Vol. 30(3), March 2017, 866–899. When and Why Do Venture Capital-Backed Companies Obtain Venture Lending? T. Tykvová Journal of Financial and Quantitative Analysis, Volume 52, June 2017, 1049-1080. 2016 Competing with Superstars M. Ammann, P. Horsch, D. Oesch Management Science, Volume 62(10), 2016, 2765-3084. Understanding Bank-Run Contagion M. Brown, S. T. Trautmann, R. Vlahu Management Science, 63(7), 2016, 2272-2282. The Threat of Exclusion and Implicit Contracting M. Brown, M. Serra-Garcia Management Science, 63 (12), 2016, 4081-4100. Crash Aversion and the Cross-Section of Expected Stock Returns Worldwide F. Weigert Review of Asset Pricing Studies 6(1), 2016, 135-178. Changing Risk Perception and the Time-Varying Price of Risk R. Füss, T. Gehrig, P. Rindler Review of Finance, Vol. 20(4), July 2016, 1549–1585. Is Director Industry Experience Valuable? F. von Meyerinck, D. Oesch, M. Schmid Financial Management, Vol. 45(1), Spring 2016, 207-237. The Euro Interbank Repo Market L. Mancini, A. Ranaldo, J. Wrampelmeyer The Review of Financial Studies, Vol. 29(7), July 2016, 1747-1779. Going Public via Special Purpose Acquisition Companies: Frogs do Not Turn into Princes J. Kolb, T. Tykvová Journal of Corporate Finance, Volume 40, October 2016, 80-96. 2015 Microfinance Banks and Financial Inclusion M. Brown, B. Guin, K. Kirschenmann Review of Finance, 2015, 1-40. Electricity Derivatives Pricing with Forward-Looking Information R. Füss, S. Mahringer, M. Prokopczuk Journal of Economic Dynamics and Control, Vol. 58, 2015, 34-57. Understanding FX Liquidity N. Karnaukh, A. Ranaldo, P. Söderlind The Review of Financial Studies, 28(11), 2015, 3073-3108. Does Governmental Venture Capital Spur Invention and Innovation? Evidence from Young European Biotech Companies? F. Betroni, T. Tykvová Research Policy, Volume 44, May 2015, 925-939. 2014 Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach Z. Adams, R. Füss, R. Gropp Journal of Financial and Quantitative Analysis, Vol. 49(3), 2014, 575-598. A Jackknife-Type Estimator for Portfolio Revision R. Füss, F. Miebs, F. Trübenbach Journal of Banking and Finance, Vol. 43(6), 2014, 14-28. Understanding Bank-Run Contagion. M. Brown, S. Trautmann, R. Vlahu Management Science ECB Working Paper No. 1711, May 2014. 2013 Product Market Competition, Corporate Governance, and Firm Value: Evidence from the EU-Area. M. Ammann, S. Odoni, D. Oesch European Financial Management, 19(3), 2013, 452-469. Variance Risk Premiums in Foreign Exchange Markets. M. Ammann, R. Buesser Journal of Empirical Finance 2013 (23), 16-32. Firms as liquidity providers: Evidence from the 2007-2008 financial crisis. E. Garcia-Appendini, J. Montoriol-Garriga Journal of Financial Economics 109 (2013), Nr. 1, 272-291. Hedge Fund Liquidity and Performance: Evidence from the Financial Crisis. N. Schaub, M. Schmid Journal of Banking and Finance 37(3), 671-692. Liquidity in the Foreign Exchange Market: Measurement, Commonality, and Risk Premiums L. Mancini, A. Ranaldo, J. Wrampelmeyer Journal of Finance, Vol. 68(5), 1805-1841. Intraday Patterns in FX Returns & Order Flow F. Breedon, A. Ranaldo Journal of Money, Credit & Banking, Vol. 45(5), 953-965. 2012 An Alternative Three-factor Model for International Markets: Evidence from the European Monetary Union M. Ammann, S. Odoni, D. Oesch Journal of Banking and Finance, 36, 1857-1864. Risk Management, Corporate Governance, and Bank Performance in the Financial Crisis V. Aebi, G. Sabato, M. Schmid Journal of Banking and Finance 36, 3213-3226. How Much of the Diversification Discount Can be Explained by Poor Corporate Governance? D. Hoechle, M. Schmid, I. Walter, D. Yermack Journal of Financial Economics 103, 41-60. What Lures Cross-Border Venture Capital Inflows? A. Schertler, T. Tykvová Journal of International Money and Finance, Volume 31(6), October 2012, 1777-1799. Do Private Equity Owners Increase Risk of Financial Distress and Bankruptcy? T. Tykvová, M. Borell Journal of Corporate Finance, Volume 18(1), February 2012, 138-150. 2011 Inflation Risk Premia and Survey Evidence on Macroeconomic Uncertainty P. Söderlind International Journal of Central Banking, 7, 113-133. The Time-Varying Systematic Risk of Carry Trade Strategies C. Christiansen, A. Ranaldo, P. Söderlind Journal of Financial & Quantitative Analysis 46(4), 1107-1125. 2010 What Drives the Performance of Convertible-Bond Funds? M. Ammann, A.H. Kind, R. Seiz Journal of Banking and Finance, 34, 2600-2613. Capitalizing on Partisan Politics: The Political Economy of Sector-Specific Redistribution in Germany M. Bechtel, Roland Füss Journal of Money, Credit and Banking, Vol. 42 , No. 2-3, 203-235. Safe Haven Currencies A. Ranaldo, P. Söderlind Review of Finance, 10, 385-407. 2009 Do Financial Conglomerates Create or Destroy Economic Value? M. Schmid, I. Walter Journal of Financial Intermediation 18, 193-216. Do Venture Capitalists Give Founders Their Walking Papers? D. Heger, T. Tykvová Journal of Corporate Finance, Volume 15(5), December 2009, 613-625. 2006 Is there Evidence of Pessimism and Doubt in Subjective Distributions? Implications for the Equity Premium Puzzle. P. Giordani, P. Söderlind Journal of Economic Dynamics and Control, 30, 1027-1043, 2006. 2004 Order Aggressiveness in Limit Order Book Markets A. Ranaldo Journal of Financial Markets 7(1), 53-74. 1999 Evaluating Portfolio Performance with Stochastic Discount Factors M. Dahlquist, P. Söderlind Journal of Business, 72(3), 347-384.