Working Papers (Selection)


Kumar, A., Ruenzi, S., Ungeheuer, M. (2017): Daily Winners and Losers.

Ungeheuer, M. (2017): Stock Returns and the Cross-Section of Investor Attention.

Ungeheuer, M., Weber, M. (2017): The Perception of Dependence, Investment Decisions, and Stock Prices.



Doumet, M., Andres, C., Betzer, A. (2016): Measuring Abnormal Credit Default Swap Spreads.

Focke, F., Niessen-Ruenzi, A., Ruenzi, S. (2016): A Friendly Turn: Advertising Bias in the News Media.

Focke, F., Ruenzi, S., Ungeheuer, M. (2016): Advertising, Attention, and Financial Markets.

Hagendorff, J., Saunders, A., Steffen, S., Vallascas, F. (2016): The Wolves of Wall Street: Managerial Attributes and Bank Business Models.

Hillert, A., Niessen-Ruenzi, A., Ruenzi, S. (2016): Mutual Fund Shareholder Letters: Flows, Performance, and Managerial Behavior.

Jaroszek, L., Niessen-Ruenzi, A., Ruenzi, S. (2016): Corporte Fraud Risk and Stock Market Performance.

Ruenzi, S., Ungeheuer, M., Weigert, F. (2016)Extreme Downside Liquidity Risk

Schneider, C., Spalt, O. (2016): Why Does Size Matter So Much for Bidder Announcement Returns?.

Schreiber, P., Weber, M. (2016): The Willingness to Pay, Accept and Retire.



Addoum, J., Kumar, A., Le, N., Niessen-Ruenzi, A. (2015): Local Bankruptcy and Geographic Contagion in the Bank Loan Market.

Becker, D. M., Steffen, S., Weber, M. (2015): From Bad to Worse? Individuals in Financial Distress.

Chabi-Yo, F., Ruenzi, S., Weigert, F. (2015): Crash Sensitivity and the Cross-Section of Expected Stock Returns.

Dick, D., Jaroszek, L. (2015): Think Twice or Be Wise in Consumer Credit Choices.

Dorn, D., Weber, M. (2015): Money Doctors Or Self-Medication? Equity Portfolio Delegation During Stock Market Crises.

Gider, J., Westheide, C. (2015): Idiosyncratic Volatility and the Timing of Corporate Insider Trading.

Hillert, A., Ungeheuer, M. (2015): The Value of Visibility.

Huggenberger, M., Albrecht, P., Pekelis, A. (2015): Tail Risk Hedging and Regime Switching.

Jacobs, H., Regele, T., Weber, M. (2015): Expected Skewness and Momentum.

Jacobs, H., Hillert, A. (2015): Alphabetic Bias, Investor Recognition, and Market Outcomes.

Jank, S., Smajlbegovic, E. (2015): Dissecting Short-Sale Performance: Evidence from Large Position Disclosures.

Kim E. H., Maug, E. G., Schneider, C. (2015): Labor Representation in Governance as an Insurance Mechanism.

Lebedeva, O., Maug, E., Schneider, C. (2015): Trading Strategies of Corporate Insiders.

Merkle, C. (2015): Financial Loss Aversion Illusion.

Niessen-Ruenzi, A., Ruenzi, S. (2015): Sex Matters: Gender Bias in the Mutual Fund Industry.