Details about Ruediger Fahlenbrach

Access statistics for papers by Ruediger Fahlenbrach.

Last updated 2024-02-06. Update your information in the RePEc Author Service.

Short-id: pfa388

Working Papers

2024

1. Bank Payout Policy, Regulation, and Politics
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

2. The Unicorn Puzzle
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2022)
3. Why Do Startups Become Unicorns Instead of Going Public?
   NBER Working Papers, National Bureau of Economic Research, Inc

2021

4. Direct democracy, corporate political strategy, and firm value
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
5. Greening the Swiss National Bank's Portfolio
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2020

6. How Valuable Is Financial Flexibility When Revenue Stops? Evidence from the COVID-19 Crisis
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (109)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (110)
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2020)
   See also Journal Article How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis, The Review of Financial Studies, Society for Financial Studies (2021) View citations (76) (2021)

2019

7. ICO Investors
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
   See also Journal Article ICO investors, Financial Markets and Portfolio Management, Springer (2021) (2021)

2018

8. The Importance of Network Recommendations in the Director Labor Market
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
9. Why Are Firms With More Managerial Ownership Worth Less?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (3)
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2018) View citations (3)
   See also Journal Article Why are firms with more managerial ownership worth less?, Journal of Financial Economics, Elsevier (2021) View citations (4) (2021)

2016

10. How Do Investors and Firms React to an Unexpected Currency Appreciation Shock?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (13)
11. Why Does Fast Loan Growth Predict Poor Performance for Banks?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2016) View citations (9)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2016) View citations (9)
    See also Journal Article Why Does Fast Loan Growth Predict Poor Performance for Banks?, The Review of Financial Studies, Society for Financial Studies (2018) View citations (28) (2018)

2015

12. Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    See also Journal Article Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities, The Review of Financial Studies, Society for Financial Studies (2016) View citations (25) (2016)

2014

13. Why Do Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2014) View citations (5)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2014) View citations (4)

2011

14. CEO Contract Design: How Do Strong Principals Do It?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (2)
    See also Journal Article CEO contract design: How do strong principals do it?, Journal of Financial Economics, Elsevier (2013) View citations (20) (2013)
15. Estimating the Effects of Large Shareholders Using a Geographic Instrument
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2008) View citations (8)
    Harvard Business School Working Papers, Harvard Business School (2010) View citations (1)
    SIFR Research Report Series, Institute for Financial Research (2008) View citations (4)
    See also Journal Article Estimating the Effects of Large Shareholders Using a Geographic Instrument, Journal of Financial and Quantitative Analysis, Cambridge University Press (2011) View citations (51) (2011)
16. Institutional Investors and Mutual Fund Governance: Evidence from Retail – Institutional Fund Twins
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    See also Journal Article Institutional Investors and Mutual Fund Governance: Evidence from Retail--Institutional Fund Twins, The Review of Financial Studies, Society for Financial Studies (2012) View citations (45) (2012)
17. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (11)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2011) View citations (10)
    See also Journal Article This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis, Journal of Finance, American Finance Association (2012) View citations (225) (2012)

2010

18. Former CEO Directors: Lingering CEOs or Valuable Resources?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
    See also Journal Article Former CEO Directors: Lingering CEOs or Valuable Resources?, The Review of Financial Studies, Society for Financial Studies (2011) View citations (31) (2011)
19. The Dark Side of Outside Directors: Do They Quit When They Are Most Needed?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (27)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (27)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2010) View citations (27)

2009

20. Bank CEO Incentives and the Credit Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2009) View citations (24)
    See also Journal Article Bank CEO incentives and the credit crisis, Journal of Financial Economics, Elsevier (2011) View citations (407) (2011)

2008

21. Managerial Ownership Dynamics and Firm Value
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (6)
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2008) View citations (3)
    See also Journal Article Managerial ownership dynamics and firm value, Journal of Financial Economics, Elsevier (2009) View citations (60) (2009)
22. Shareholder Rights, Boards, and CEO Compensation
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (5)
    See also Journal Article Shareholder Rights, Boards, and CEO Compensation, Review of Finance, European Finance Association (2009) View citations (62) (2009)
23. Why Do Firms Appoint CEOs as Outside Directors?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    See also Journal Article Why do firms appoint CEOs as outside directors?, Journal of Financial Economics, Elsevier (2010) View citations (102) (2010)

2007

24. Do Funds Need Governance? Evidence from Variable Annuity-Mutual Fund Twins
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
25. Large Shareholders and Corporate Policies
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)
    Also in SIFR Research Report Series, Institute for Financial Research (2007) View citations (4)
    See also Journal Article Large Shareholders and Corporate Policies, The Review of Financial Studies, Society for Financial Studies (2009) View citations (101) (2009)
26. The Market for Comeback CEOs
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
27. The Role of Governance in Retirement Investments: Evidence from Variable Annuities
    Working Papers, Center for Retirement Research at Boston College, Center for Retirement Research

2006

28. Founder-CEOs, Investment Decisions, and Stock Market Performance
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    See also Journal Article Founder-CEOs, Investment Decisions, and Stock Market Performance, Journal of Financial and Quantitative Analysis, Cambridge University Press (2009) View citations (156) (2009)

2005

29. Co-movements of Index Options and Futures Quotes
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    See also Journal Article Co-movements of index options and futures quotes, Journal of Empirical Finance, Elsevier (2009) View citations (1) (2009)
30. Large Blocks of Stock: Prevalence, Size, and Measurement
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (10)
    See also Journal Article Large blocks of stock: Prevalence, size, and measurement, Journal of Corporate Finance, Elsevier (2006) View citations (100) (2006)
31. Market Frictions and Seemingly Anomalous Co-movements of Index Options and Index Futures Quotes
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics

Journal Articles

2023

1. CEO networks and the labor market for directors
   Journal of Empirical Finance, 2023, 70, (C), 1-21
2. How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?
   The Review of Corporate Finance Studies, 2023, 12, (3), 488-538 View citations (3)

2021

3. How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis
   (The risk of being a fallen angel and the corporate dash for cash in the midst of COVID)
   The Review of Financial Studies, 2021, 34, (11), 5474-5521 View citations (76)
   See also Working Paper How Valuable Is Financial Flexibility When Revenue Stops? Evidence from the COVID-19 Crisis, Working Paper Series (2020) View citations (109) (2020)
4. ICO investors
   Financial Markets and Portfolio Management, 2021, 35, (1), 1-59
   See also Working Paper ICO Investors, Swiss Finance Institute Research Paper Series (2019) (2019)
5. Why are firms with more managerial ownership worth less?
   Journal of Financial Economics, 2021, 140, (3), 699-725 View citations (4)
   See also Working Paper Why Are Firms With More Managerial Ownership Worth Less?, Swiss Finance Institute Research Paper Series (2018) View citations (3) (2018)

2018

6. Why Does Fast Loan Growth Predict Poor Performance for Banks?
   The Review of Financial Studies, 2018, 31, (3), 1014-1063 View citations (28)
   See also Working Paper Why Does Fast Loan Growth Predict Poor Performance for Banks?, NBER Working Papers (2016) View citations (9) (2016)

2017

7. Do Independent Director Departures Predict Future Bad Events?
   The Review of Financial Studies, 2017, 30, (7), 2313-2358 View citations (26)
8. Do exogenous changes in passive institutional ownership affect corporate governance and firm value?
   Journal of Financial Economics, 2017, 124, (2), 285-306 View citations (97)
9. The Future of Corporate Financing in Europe
   Schmalenbach Business Review, 2017, 18, (3), 179-180

2016

10. Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities
    The Review of Financial Studies, 2016, 29, (7), 1821-1859 View citations (25)
    See also Working Paper Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities, Swiss Finance Institute Research Paper Series (2015) (2015)

2013

11. CEO contract design: How do strong principals do it?
    Journal of Financial Economics, 2013, 108, (3), 659-674 View citations (20)
    See also Working Paper CEO Contract Design: How Do Strong Principals Do It?, Swiss Finance Institute Research Paper Series (2011) View citations (2) (2011)

2012

12. Institutional Investors and Mutual Fund Governance: Evidence from Retail--Institutional Fund Twins
    The Review of Financial Studies, 2012, 25, (12), 3530-3571 View citations (45)
    See also Working Paper Institutional Investors and Mutual Fund Governance: Evidence from Retail – Institutional Fund Twins, Swiss Finance Institute Research Paper Series (2011) (2011)
13. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis
    Journal of Finance, 2012, 67, (6), 2139-2185 View citations (225)
    See also Working Paper This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis, Swiss Finance Institute Research Paper Series (2011) View citations (10) (2011)

2011

14. Bank CEO incentives and the credit crisis
    Journal of Financial Economics, 2011, 99, (1), 11-26 View citations (407)
    See also Working Paper Bank CEO Incentives and the Credit Crisis, NBER Working Papers (2009) View citations (27) (2009)
15. Estimating the Effects of Large Shareholders Using a Geographic Instrument
    Journal of Financial and Quantitative Analysis, 2011, 46, (4), 907-942 View citations (51)
    See also Working Paper Estimating the Effects of Large Shareholders Using a Geographic Instrument, NBER Working Papers (2011) View citations (51) (2011)
16. Former CEO Directors: Lingering CEOs or Valuable Resources?
    The Review of Financial Studies, 2011, 24, (10), 3486-3518 View citations (31)
    See also Working Paper Former CEO Directors: Lingering CEOs or Valuable Resources?, Swiss Finance Institute Research Paper Series (2010) View citations (1) (2010)

2010

17. Does information drive trading in option strategies?
    Journal of Banking & Finance, 2010, 34, (10), 2370-2385 View citations (15)
18. Why do firms appoint CEOs as outside directors?
    Journal of Financial Economics, 2010, 97, (1), 12-32 View citations (102)
    See also Working Paper Why Do Firms Appoint CEOs as Outside Directors?, Working Paper Series (2008) View citations (3) (2008)

2009

19. Co-movements of index options and futures quotes
    Journal of Empirical Finance, 2009, 16, (1), 151-163 View citations (1)
    See also Working Paper Co-movements of Index Options and Futures Quotes, Working Paper Series (2005) (2005)
20. Founder-CEOs, Investment Decisions, and Stock Market Performance
    Journal of Financial and Quantitative Analysis, 2009, 44, (2), 439-466 View citations (156)
    See also Working Paper Founder-CEOs, Investment Decisions, and Stock Market Performance, Working Paper Series (2006) View citations (3) (2006)
21. Large Shareholders and Corporate Policies
    The Review of Financial Studies, 2009, 22, (10), 3941-3976 View citations (101)
    See also Working Paper Large Shareholders and Corporate Policies, Working Paper Series (2007) View citations (4) (2007)
22. Managerial ownership dynamics and firm value
    Journal of Financial Economics, 2009, 92, (3), 342-361 View citations (60)
    See also Working Paper Managerial Ownership Dynamics and Firm Value, Working Paper Series (2008) View citations (3) (2008)
23. Shareholder Rights, Boards, and CEO Compensation
    Review of Finance, 2009, 13, (1), 81-113 View citations (62)
    See also Working Paper Shareholder Rights, Boards, and CEO Compensation, Working Paper Series (2008) View citations (5) (2008)

2006

24. Large blocks of stock: Prevalence, size, and measurement
    Journal of Corporate Finance, 2006, 12, (3), 594-618 View citations (100)
    See also Working Paper Large Blocks of Stock: Prevalence, Size, and Measurement, Working Paper Series (2005) View citations (1) (2005)