Details about Markus Schmid

Access statistics for papers by Markus Schmid.

Last updated 2024-06-07. Update your information in the RePEc Author Service.

Short-id: psc710

Working Papers

2024

1. How do Retail Investors Adapt to Exchange Rate Shocks?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2023

2. CEO Turnover and Director Reputation
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
   See also Journal Article CEO turnover and director reputation, Journal of Financial Economics, Elsevier (2025) (2025)

2020

3. Does Unobservable Heterogeneity Matter for Portfolio-Based Asset Pricing Tests?
   Working Papers on Finance, University of St. Gallen, School of Finance

2019

4. As California goes, so goes the nation? Board gender quotas and the legislation of non-economic values
   Working Papers on Finance, University of St. Gallen, School of Finance View citations (3)
5. CEO tenure and firm value
   CFR Working Papers, University of Cologne, Centre for Financial Research (CFR) View citations (1)

2017

6. Does Price Fixing Benefit Corporate Managers?
   Working Papers on Finance, University of St. Gallen, School of Finance View citations (4)
   See also Journal Article Does Price Fixing Benefit Corporate Managers?, Management Science, INFORMS (2019) View citations (12) (2019)
7. Settling the Staggered Board Debate
   Working Papers on Finance, University of St. Gallen, School of Finance View citations (1)
8. The Long-Term Performance of IPO’s, Revisited
   Working Papers on Finance, University of St. Gallen, School of Finance View citations (1)

2016

9. Do CEOs Matter? Corporate Performance and the CEO Life Cycle
   Working Papers on Finance, University of St. Gallen, School of Finance View citations (3)
10. Non-Interest Income and Bank Performance: Does Ring-Fencing Reduce Bank Risk?
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (11)

2015

11. Board Industry Experience, Firm Value, and Investment Behavior
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (1)
12. Decomposing Performance
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (2)
13. Sharing a Director with a Peer
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (1)
14. The Impact of Financial Advice on Trade Performance and Behavioral Biases
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (7)
    See also Journal Article The Impact of Financial Advice on Trade Performance and Behavioral Biases, Review of Finance, European Finance Association (2017) View citations (27) (2017)
15. Time Stamp Errors and the Stock Price Reaction to Analyst Recommendation and Forecast Revisions
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (8)

2013

16. Smokescreen: How Managers Behave When They Have Something To Hide
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2012

17. Is Director Industry Experience Valuable?
    Working Papers on Finance, University of St. Gallen, School of Finance View citations (8)
    See also Journal Article Is Director Industry Experience Valuable?, Financial Management, Financial Management Association International (2016) View citations (15) (2016)

2007

18. Estimating the Cost of Executive Stock Options: Evidence from Switzerland
    Working papers, Faculty of Business and Economics - University of Basel 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) View citations (1) (2007)
19. Leadership Structure and Corporate Governance in Switzerland
    Working papers, Faculty of Business and Economics - University of Basel
    See also Journal Article Leadership Structure and Corporate Governance in Switzerland*, Journal of Applied Corporate Finance, Morgan Stanley (2008) View citations (6) (2008)

2006

20. Do Financial Conglomerates Create or Destroy Economic Value?
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (6)
    See also Journal Article Do financial conglomerates create or destroy economic value?, Journal of Financial Intermediation, Elsevier (2009) View citations (117) (2009)
21. The First- and Second-Hand Effect of Analysts' Stock Recommendations - Evidence from the Swiss Stock Market
    Working papers, Faculty of Business and Economics - University of Basel
    See also Journal Article The First‐ and Second‐Hand Effect of Analysts' Stock Recommendations: Evidence from the Swiss Stock Market, European Financial Management, European Financial Management Association (2008) View citations (6) (2008)

2005

22. Feasible Momentum Strategies - Evidence from the Swiss Stock Market
    Working papers, Faculty of Business and Economics - University of Basel
    See also Journal Article Feasible momentum strategies: Evidence from the Swiss stock market, Financial Markets and Portfolio Management, Springer (2007) View citations (20) (2007)

2004

23. Bedeutung des Patentschutzes für die Basler Industrie gestern und heute
    Working papers, Faculty of Business and Economics - University of Basel
24. Corporate Governance, Unternehmensbewertung und Wettbewerb: eine Untersuchung für die Schweiz
    Working papers, Faculty of Business and Economics - University of Basel
25. Product Market Competition, Managerial Inventives, and Firm Valuation
    Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft View citations (2)
    See also Journal Article Product Market Competition, Managerial Incentives and Firm Valuation, European Financial Management, European Financial Management Association (2011) View citations (30) (2011)

Journal Articles

2025

1. CEO turnover and director reputation
   Journal of Financial Economics, 2025, 163, (C)
   See also Working Paper CEO Turnover and Director Reputation, Swiss Finance Institute Research Paper Series (2023) (2023)

2024

2. Editorial
   Financial Markets and Portfolio Management, 2024, 38, (2), 163-164

2023

3. Report of the Editor 2022
   Financial Markets and Portfolio Management, 2023, 37, (1), 119-120

2022

4. Report of the Editor 2021
   Financial Markets and Portfolio Management, 2022, 36, (1), 123-124

2021

5. Report of the Editor 2020
   Financial Markets and Portfolio Management, 2021, 35, (1), 149-150

2020

6. FMPM Best Paper Award 2019
   Financial Markets and Portfolio Management, 2020, 34, (2), 219-220
7. Strategic scope and bank performance
   Journal of Financial Stability, 2020, 46, (C) View citations (9)

2019

8. Does Price Fixing Benefit Corporate Managers?
   Management Science, 2019, 65, (10), 4813-4840 View citations (12)
   See also Working Paper Does Price Fixing Benefit Corporate Managers?, Working Papers on Finance (2017) View citations (4) (2017)

2018

9. Do Staggered Boards Matter for Firm Value?
   Journal of Applied Corporate Finance, 2018, 30, (4), 61-77
10. Financial Advice and Bank Profits
    The Review of Financial Studies, 2018, 31, (11), 4447-4492 View citations (30)
11. Industry expert directors
    Journal of Banking & Finance, 2018, 92, (C), 195-215 View citations (13)

2017

12. The Impact of Financial Advice on Trade Performance and Behavioral Biases
    Review of Finance, 2017, 21, (2), 871-910 View citations (27)
    See also Working Paper The Impact of Financial Advice on Trade Performance and Behavioral Biases, Working Papers on Finance (2015) View citations (7) (2015)

2016

13. Is Director Industry Experience Valuable?
    Financial Management, 2016, 45, (1), 207-237 View citations (15)
    See also Working Paper Is Director Industry Experience Valuable?, Working Papers on Finance (2012) View citations (8) (2012)

2014

14. Firm structure in banking and finance: is broader better?
    Journal of Financial Perspectives, 2014, 2, (2), 65-75 View citations (1)

2013

15. Hedge Fund Characteristics and Performance Persistence
    European Financial Management, 2013, 19, (2), 209-250 View citations (13)
16. Hedge fund liquidity and performance: Evidence from the financial crisis
    Journal of Banking & Finance, 2013, 37, (3), 671-692 View citations (20)
17. Product Market Competition, Corporate Governance, and Firm Value: Evidence from the EU Area
    European Financial Management, 2013, 19, (3), 452-469 View citations (38)

2012

18. Editorial
    Financial Markets and Portfolio Management, 2012, 26, (3), 297-298
19. Geographic diversification and firm value in the financial services industry
    Journal of Empirical Finance, 2012, 19, (1), 109-122 View citations (15)
20. How much of the diversification discount can be explained by poor corporate governance?
    Journal of Financial Economics, 2012, 103, (1), 41-60 View citations (117)
21. Is there Really No Conglomerate Discount?
    Journal of Business Finance & Accounting, 2012, 39, (1-2), 264-288 View citations (26)
22. Risk management, corporate governance, and bank performance in the financial crisis
    Journal of Banking & Finance, 2012, 36, (12), 3213-3226 View citations (282)

2011

23. Corporate governance and firm value: International evidence
    Journal of Empirical Finance, 2011, 18, (1), 36-55 View citations (102)
24. Feasible momentum strategies in the US stock market
    Journal of Asset Management, 2011, 11, (6), 362-374 View citations (7)
25. Product Market Competition, Managerial Incentives and Firm Valuation
    European Financial Management, 2011, 17, (2), 331-366 View citations (30)
    See also Working Paper Product Market Competition, Managerial Inventives, and Firm Valuation, Diskussionsschriften (2004) View citations (2) (2004)

2009

26. Do financial conglomerates create or destroy economic value?
    Journal of Financial Intermediation, 2009, 18, (2), 193-216 View citations (117)
    See also Working Paper Do Financial Conglomerates Create or Destroy Economic Value?, Working Papers (2006) View citations (6) (2006)
27. Ownership structure and the separation of voting and cash flow rights-evidence from Switzerland
    Applied Financial Economics, 2009, 19, (18), 1453-1476 View citations (5)
28. Trust and Success in Venture Capital Financing—an Empirical Analysis with German Survey Data
    Kyklos, 2009, 62, (1), 15-43 View citations (20)

2008

29. Leadership Structure and Corporate Governance in Switzerland*
    Journal of Applied Corporate Finance, 2008, 20, (1), 109-120 View citations (6)
    See also Working Paper Leadership Structure and Corporate Governance in Switzerland, Working papers (2007) (2007)
30. Should Chairman and CEO be Separated? Leadership Structure and Firm Performance in Switzerland
    Schmalenbach Business Review (sbr), 2008, 60, (2), 182-204 View citations (11)
31. The First‐ and Second‐Hand Effect of Analysts' Stock Recommendations: Evidence from the Swiss Stock Market
    European Financial Management, 2008, 14, (5), 962-988 View citations (6)
    See also Working Paper The First- and Second-Hand Effect of Analysts' Stock Recommendations - Evidence from the Swiss Stock Market, Working papers (2006) (2006)

2007

32. Estimating the Cost of Executive Stock Options: evidence from Switzerland
    Corporate Governance: An International Review, 2007, 15, (5), 798-815 View citations (1)
    See also Working Paper Estimating the Cost of Executive Stock Options: Evidence from Switzerland, Working papers (2007) View citations (1) (2007)
33. Feasible momentum strategies: Evidence from the Swiss stock market
    Financial Markets and Portfolio Management, 2007, 21, (3), 325-352 View citations (20)
    See also Working Paper Feasible Momentum Strategies - Evidence from the Swiss Stock Market, Working papers (2005) (2005)

2006

34. An Integrated Framework of Corporate Governance and Firm Valuation
    European Financial Management, 2006, 12, (2), 249-283 View citations (127)

Chapters

2013

1. The construction and valuation effect of corporate governance indices
   Chapter 13 in Handbook of Research Methods and Applications in Empirical Finance, 2013, pp 314-340