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Details about Wolfgang Drobetz

Homepage:https://www.bwl.uni-hamburg.de/finance/team/drobetz.html
Workplace:Fachbereich Betriebswirtschaftslehre (Department of Business Administration), Universität Hamburg (University of Hamburg), (more information at EDIRC)

Access statistics for papers by Wolfgang Drobetz.

Last updated 2024-06-24. Update your information in the RePEc Author Service.

Short-id: pdr198


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Working Papers

2023

  1. The Financial and Non-Financial Performance of Token-Based Crowdfunding: Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs
    CESifo Working Paper Series, CESifo Downloads

2015

  1. Board Industry Experience, Firm Value, and Investment Behavior
    Working Papers on Finance, University of St. Gallen, School of Finance Downloads View citations (1)

2007

  1. Capital Structure and Stock Returns: The European Evidence
    Working papers, Faculty of Business and Economics - University of Basel View citations (4)
  2. Conditional Performance Evaluation for German Mutual Equity Funds
    Working papers, Faculty of Business and Economics - University of Basel Downloads View citations (1)
  3. Estimating the Cost of Executive Stock Options: Evidence from Switzerland
    Working papers, Faculty of Business and Economics - University of Basel Downloads View citations (1)
    See also Journal Article Estimating the Cost of Executive Stock Options: evidence from Switzerland, Corporate Governance: An International Review, Wiley Blackwell (2007) Downloads View citations (1) (2007)
  4. Firm Characteristics, Economic Conditions and Capital Structure Adjustment
    Working papers, Faculty of Business and Economics - University of Basel Downloads View citations (6)
  5. Predictability in the cross-section of European bank stock returns
    Working papers, Faculty of Business and Economics - University of Basel Downloads View citations (1)

2006

  1. Firm Characteristics and Dynamic Capital Structure Adjustment
    Working papers, Faculty of Business and Economics - University of Basel View citations (6)
  2. Heterogeneity in Asset Allocation Decisions - Empirical Evidence from Switzerland
    Working papers, Faculty of Business and Economics - University of Basel
    See also Journal Article Heterogeneity in asset allocation decisions: Empirical evidence from Switzerland, International Review of Financial Analysis, Elsevier (2009) Downloads View citations (3) (2009)

2005

  1. Hedge Funds: Die Königsdisziplin" der Kapitalanlage
    Working papers, Faculty of Business and Economics - University of Basel Downloads
  2. Warum begeben Unternehmen Wandelanleihen?
    Working papers, Faculty of Business and Economics - University of Basel Downloads
    See also Journal Article Warum begeben Unternehmen Wandelanleihen?, Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES) (2006) Downloads (2006)

2004

  1. Corporate Governance, Unternehmensbewertung und Wettbewerb: eine Untersuchung für die Schweiz
    Working papers, Faculty of Business and Economics - University of Basel Downloads
  2. Kapitalstrukturtheorie in Theorie und Praxis: Ergebnisse einer Fragebogenuntersuchung
    Working papers, Faculty of Business and Economics - University of Basel Downloads View citations (1)
  3. The Determinants of the German Corporate Governance Rating
    Working papers, Faculty of Business and Economics - University of Basel Downloads
    See also Chapter The Determinants of German Corporate Governance Ratings, Chapters, Edward Elgar Publishing (2009) Downloads (2009)

Journal Articles

2024

  1. Do foreign institutional shareholders affect international debt contracting? Evidence from Yankee bond covenants
    Journal of International Business Studies, 2024, 55, (5), 551-576 Downloads
  2. The Sustainability committee and environmental disclosure: International evidence
    Journal of Economic Behavior & Organization, 2024, 221, (C), 602-625 Downloads View citations (4)

2023

  1. Forecasting Stock Market Crashes via Machine Learning
    Journal of Financial Stability, 2023, 65, (C) Downloads View citations (3)
  2. Foreign Institutional Investors, Legal Origin, and Corporate Greenhouse Gas Emissions Disclosure
    Journal of Business Ethics, 2023, 182, (4), 903-932 Downloads View citations (10)
  3. Foreign bias in institutional portfolio allocation: The role of social trust
    Journal of Economic Behavior & Organization, 2023, 214, (C), 233-269 Downloads
  4. Performance measurement of crypto funds
    Economics Letters, 2023, 228, (C) Downloads View citations (3)

2021

  1. Cross-country determinants of institutional investors’ investment horizons
    Finance Research Letters, 2021, 39, (C) Downloads View citations (3)
  2. Data snooping in equity premium prediction
    International Journal of Forecasting, 2021, 37, (1), 72-94 Downloads View citations (3)
  3. Empirical asset pricing via machine learning: evidence from the European stock market
    Journal of Asset Management, 2021, 22, (7), 507-538 Downloads View citations (16)
  4. How to build a factor portfolio: Does the allocation strategy matter?
    European Financial Management, 2021, 27, (1), 20-58 Downloads View citations (2)
  5. Institutional investment horizons and firm valuation around the world
    Journal of International Business Studies, 2021, 52, (2), 212-244 Downloads View citations (26)
  6. Institutional investment horizons, corporate governance, and credit ratings: International evidence
    Journal of Corporate Finance, 2021, 67, (C) Downloads View citations (16)
  7. Institutional ownership and firm performance in the global shipping industry
    Transportation Research Part E: Logistics and Transportation Review, 2021, 146, (C) Downloads View citations (2)
  8. The Economics of Law Enforcement: Quasi-Experimental Evidence from Corporate Takeover Law
    Journal of Corporate Finance, 2021, 67, (C) Downloads View citations (6)
  9. Valuing start-up firms: A reverse-engineering approach for fair-value multiples from venture capital transactions
    Finance Research Letters, 2021, 43, (C) Downloads View citations (8)

2020

  1. Competition Policy and the Profitability of Corporate Acquisitions
    Journal of Corporate Finance, 2020, 62, (C) Downloads View citations (11)
  2. Corporate governance convergence in the European M&A market
    Finance Research Letters, 2020, 32, (C) Downloads View citations (6)
  3. Corporate insider trading and return skewness
    Journal of Corporate Finance, 2020, 60, (C) Downloads View citations (5)
  4. Investing in gold – Market timing or buy-and-hold?
    International Review of Financial Analysis, 2020, 71, (C) Downloads
  5. The role of catastrophe bonds in an international multi-asset portfolio: Diversifier, hedge, or safe haven?
    Finance Research Letters, 2020, 33, (C) Downloads View citations (7)

2019

  1. Capital allocation and ownership concentration in the shipping industry
    Transportation Research Part E: Logistics and Transportation Review, 2019, 122, (C), 78-99 Downloads View citations (8)
  2. Investment and financing decisions of private and public firms
    Journal of Business Finance & Accounting, 2019, 46, (1-2), 225-262 Downloads View citations (15)
  3. Predictability and the cross section of expected returns: evidence from the European stock market
    Journal of Asset Management, 2019, 20, (7), 508-533 Downloads View citations (3)

2018

  1. Corporate cash holdings in the shipping industry
    Transportation Research Part E: Logistics and Transportation Review, 2018, 112, (C), 107-124 Downloads View citations (7)
  2. Cyclicality of growth opportunities and the value of cash holdings
    Journal of Financial Stability, 2018, 37, (C), 74-96 Downloads View citations (7)
  3. Global cash flow sensitivities
    Finance Research Letters, 2018, 25, (C), 16-22 Downloads View citations (2)
  4. Industry expert directors
    Journal of Banking & Finance, 2018, 92, (C), 195-215 Downloads View citations (13)
  5. Policy uncertainty, investment, and the cost of capital
    Journal of Financial Stability, 2018, 39, (C), 28-45 Downloads View citations (107)

2017

  1. Can investors benefit from the performance of alternative UCITS funds?
    Financial Markets and Portfolio Management, 2017, 31, (1), 69-111 Downloads
  2. Determinants of Management Earnings Forecasts: The Case of Global Shipping IPOs
    European Financial Management, 2017, 23, (5), 975-1015 Downloads View citations (3)
  3. The impact of liquidity crises on cash flow sensitivities
    The Quarterly Review of Economics and Finance, 2017, 66, (C), 225-239 Downloads View citations (11)

2016

  1. Cash flow sensitivities during normal and crisis times: Evidence from shipping
    Transportation Research Part A: Policy and Practice, 2016, 90, (C), 26-49 Downloads View citations (14)
  2. Equity Issues and Stock Repurchases of Initial Public Offerings
    European Financial Management, 2016, 22, (1), 31-62 Downloads View citations (5)
  3. Systematic risk behavior in cyclical industries: The case of shipping
    Transportation Research Part E: Logistics and Transportation Review, 2016, 88, (C), 129-145 Downloads View citations (10)
  4. Timing the stock market: Does it really make no sense?
    Journal of Behavioral and Experimental Finance, 2016, 10, (C), 88-104 Downloads View citations (7)

2015

  1. Corporate Finance in Germany: Structural Adjustments and Current Developments
    Journal of Applied Corporate Finance, 2015, 27, (4), 44-57 Downloads View citations (5)
  2. Heterogeneity in the Speed of Capital Structure Adjustment across Countries and over the Business Cycle
    European Financial Management, 2015, 21, (5), 936-973 Downloads View citations (34)
  3. Sell in May and Go Away: Still good advice for investors?
    International Review of Financial Analysis, 2015, 38, (C), 29-43 Downloads View citations (11)
  4. The Returns to Hedge Fund Activism in Germany
    European Financial Management, 2015, 21, (1), 106-147 Downloads View citations (19)

2014

  1. Are stock markets really so inefficient? The case of the “Halloween Indicator”
    Finance Research Letters, 2014, 11, (2), 112-121 Downloads View citations (16)
  2. Corporate social responsibility disclosure: The case of international shipping
    Transportation Research Part E: Logistics and Transportation Review, 2014, 71, (C), 18-44 Downloads View citations (23)
  3. Where is the value added of rebalancing? A systematic comparison of alternative rebalancing strategies
    Financial Markets and Portfolio Management, 2014, 28, (3), 209-231 Downloads View citations (6)

2013

  1. Capital structure decisions of globally-listed shipping companies
    Transportation Research Part E: Logistics and Transportation Review, 2013, 52, (C), 49-76 Downloads View citations (17)
  2. The development of a performance index for KG funds and a comparison with other shipping-related indices
    Maritime Economics & Logistics, 2013, 15, (1), 32-71 Downloads View citations (2)
  3. The international zero-leverage phenomenon
    Journal of Corporate Finance, 2013, 23, (C), 196-221 Downloads View citations (49)

2011

  1. Financing Shipping Companies and Shipping Operations: A Risk‐Management Perspective
    Journal of Applied Corporate Finance, 2011, 23, (4), 70-82 Downloads View citations (18)
  2. Information Asymmetry and Financing Decisions
    International Review of Finance, 2011, 11, (1), 123-154 Downloads View citations (26)
  3. Portfolio insurance and prospect theory investors: Popularity and optimal design of capital protected financial products
    Journal of Banking & Finance, 2011, 35, (7), 1683-1697 Downloads View citations (37)

2010

  1. Information asymmetry and the value of cash
    Journal of Banking & Finance, 2010, 34, (9), 2168-2184 Downloads View citations (65)

2009

  1. Does tactical asset allocation work? Another look at the fundamental law of active management
    Journal of Asset Management, 2009, 10, (4), 235-252 Downloads View citations (1)
  2. Heterogeneity in asset allocation decisions: Empirical evidence from Switzerland
    International Review of Financial Analysis, 2009, 18, (1-2), 84-93 Downloads View citations (3)
    See also Working Paper Heterogeneity in Asset Allocation Decisions - Empirical Evidence from Switzerland, Working papers (2006) (2006)

2008

  1. Editorial
    Financial Markets and Portfolio Management, 2008, 22, (2), 95-99 Downloads
  2. Erratum: Ship funds as a new asset class: An empirical analysis of the relationship between spot and forward prices in freight markets
    Journal of Asset Management, 2008, 9, (3), 254-254 Downloads View citations (7)
  3. Ship funds as a new asset class: An empirical analysis of the relationship between spot and forward prices in freight markets
    Journal of Asset Management, 2008, 9, (2), 102-120 Downloads View citations (7)

2007

  1. Call for Papers
    Financial Markets and Portfolio Management, 2007, 21, (1), 143-144 Downloads
  2. Corporate cash holdings: Evidence from Switzerland
    Financial Markets and Portfolio Management, 2007, 21, (3), 293-324 Downloads View citations (37)
  3. Estimating the Cost of Executive Stock Options: evidence from Switzerland
    Corporate Governance: An International Review, 2007, 15, (5), 798-815 Downloads View citations (1)
    See also Working Paper Estimating the Cost of Executive Stock Options: Evidence from Switzerland, Working papers (2007) Downloads View citations (1) (2007)

2006

  1. An Integrated Framework of Corporate Governance and Firm Valuation
    European Financial Management, 2006, 12, (2), 249-283 Downloads View citations (127)
  2. Warum begeben Unternehmen Wandelanleihen?
    Swiss Journal of Economics and Statistics (SJES), 2006, 142, (III), 331-365 Downloads
    See also Working Paper Warum begeben Unternehmen Wandelanleihen?, Working papers (2005) Downloads (2005)

2005

  1. Long-Run Performance of Initial Public Offerings: The Evidence for Switzerland
    Schmalenbach Business Review (sbr), 2005, 57, (3), 253–275 Downloads View citations (11)
  2. What are the Determinants of the Capital Structure? Evidence from Switzerland
    Swiss Journal of Economics and Statistics (SJES), 2005, 141, (I), 71-113 Downloads View citations (13)

2004

  1. Corporate Governance and Expected Stock Returns: Evidence from Germany
    European Financial Management, 2004, 10, (2), 267-293 Downloads View citations (114)
  2. Is Board Size an Independent Corporate Governance Mechanism?
    Kyklos, 2004, 57, (3), 327-356 Downloads View citations (58)

2002

  1. Conditional Asset Pricing in Emerging Stock Markets
    Swiss Journal of Economics and Statistics (SJES), 2002, 138, (IV), 507-526 Downloads View citations (5)
  2. Mean Reversion on Global Stock Markets
    Swiss Journal of Economics and Statistics (SJES), 2002, 138, (III), 215-239 Downloads

Chapters

2016

  1. Maritime Investment Appraisal and Budgeting
    Palgrave Macmillan

2009

  1. The Determinants of German Corporate Governance Ratings
    Chapter 14 in The Modern Firm, Corporate Governance and Investment, 2009 Downloads
    See also Working Paper The Determinants of the German Corporate Governance Rating, Faculty of Business and Economics - University of Basel (2004) Downloads (2004)

2005

  1. Parametric and Nonparametric Estimation of Conditional Return Expectations
    Springer
 
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