Details about Josef Zechner

Homepage:	https://www.wu.ac.at/finance/people/faculty/zechner/
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) WU Wirtschaftsuniversität Wien (WU Vienna University of Economics and Business), (more information at EDIRC)

Access statistics for papers by Josef Zechner.

Last updated 2023-04-11. Update your information in the RePEc Author Service.

Short-id: pze41

---

Jump to Journal Articles Editor

Working Papers

2022

1. COVID-19 and Corporate Finance
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (6)
   See also Journal Article COVID-19 and Corporate Finance, The Review of Corporate Finance Studies, Society for Financial Studies (2022) View citations (6) (2022)
2. Stock-Oil Comovement: Fundamentals or Financialization?
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics

2021

3. Disaster Resilience and Asset Prices
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (29)
   Also in Papers, arXiv.org (2020) View citations (89)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (87)
   CFS Working Paper Series, Center for Financial Studies (CFS) (2021) View citations (10)
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2020) View citations (89)

2020

4. The Covid-19 Pandemic and Corporate Dividend Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
   See also Journal Article The COVID-19 Pandemic and Corporate Dividend Policy, Journal of Financial and Quantitative Analysis, Cambridge University Press (2021) View citations (12) (2021)
5. The Dynamics of Corporate Debt Structure
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
6. The Maturity Premium
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   See also Journal Article The maturity premium, Journal of Financial Economics, Elsevier (2022) View citations (3) (2022)

2019

7. Can ETFs contribute to systemic risk?
   Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (15)
8. Low Risk Anomalies?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
   Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2016) View citations (9)
   See also Journal Article Low‐Risk Anomalies?, Journal of Finance, American Finance Association (2020) View citations (12) (2020)

2017

9. Corporate Debt Maturity Profiles
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
   See also Journal Article Corporate debt maturity profiles, Journal of Financial Economics, Elsevier (2018) View citations (41) (2018)
10. Sovereign Bond Risk Premiums
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (1)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2013) View citations (2)

2016

11. Debt maturity and the dynamics of leverage
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (10)
    See also Journal Article Debt Maturity and the Dynamics of Leverage, The Review of Financial Studies, Society for Financial Studies (2021) View citations (18) (2021)
12. Financial media, price discovery, and merger arbitrage
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (4)
13. Managerial rents vs. shareholder value in delegated portfolio management: The case of closed-end funds
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (15)
    See also Journal Article Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds, The Review of Financial Studies, Society for Financial Studies (2016) View citations (15) (2016)
14. Risk control in asset management: Motives and concepts
    CFS Working Paper Series, Center for Financial Studies (CFS)
15. Sovereign reputation and yield spreads: A case study on retroactive legislation
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (7)
    See also Journal Article Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation, German Economic Review, De Gruyter (2018) (2018)
16. The stability of dividends and wages: Effects of competitor inflexibility
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (6)

2013

17. Granularity of corporate debt
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (9)
    See also Journal Article Granularity of Corporate Debt, Journal of Financial and Quantitative Analysis, Cambridge University Press (2021) View citations (3) (2021)
18. Market implied costs of bankruptcy
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (4)

2012

19. Governance and shareholder value in delegated portfolio management: The case of closed-end funds
    CFR Working Papers, University of Cologne, Centre for Financial Research (CFR)

2007

20. Human Capital, Bankruptcy and Capital Structure
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Human Capital, Bankruptcy, and Capital Structure, Journal of Finance, American Finance Association (2010) View citations (193) (2010)

2006

21. Portfolio performance, discount dynamics, and the turnover of closed-end fund managers
    CFR Working Papers, University of Cologne, Centre for Financial Research (CFR) View citations (1)
22. Where is the Market? Evidence from Cross-Listings in the U.S
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (5)

2005

23. Large shareholder activism, risk sharing, and financial market equilibrium
    Public Economics, University Library of Munich, Germany
    See also Journal Article Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium, Journal of Political Economy, University of Chicago Press (1994) View citations (282) (1994)
24. Where is the Market? Evidence from Cross-Listings
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)

2004

25. Optimal Capital Allocation Using RAROC(tm) and EVA
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (17)
    See also Journal Article Optimal capital allocation using RAROC(TM) and EVA(R), Journal of Financial Intermediation, Elsevier (2007) View citations (36) (2007)

2003

26. Credit Risk and Dynamic Capital Structure Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Credit risk and dynamic capital structure choice, Journal of Financial Intermediation, Elsevier (2004) View citations (22) (2004)

2001

27. The Geography of Equity Listing: Why Do Companies List Abroad?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2001) View citations (7)
    See also Journal Article The Geography of Equity Listing: Why Do Companies List Abroad?, Journal of Finance, American Finance Association (2002) View citations (345) (2002)
28. What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (83)
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2000) View citations (26)
    See also Journal Article What makes stock exchanges succeed? Evidence from cross-listing decisions, European Economic Review, Elsevier (2001) View citations (81) (2001)

2000

29. Bank Capital Regulation With Random Audits
    FMG Discussion Papers, Financial Markets Group View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (3)
    See also Journal Article Bank capital regulation with random audits, Journal of Economic Dynamics and Control, Elsevier (2002) View citations (50) (2002)

Journal Articles

2022

1. COVID-19 and Corporate Finance
   (The risk of being a fallen angel and the corporate dash for cash in the midst of COVID)
   The Review of Corporate Finance Studies, 2022, 11, (4), 849-879 View citations (6)
   See also Working Paper COVID-19 and Corporate Finance, CSEF Working Papers (2022) View citations (6) (2022)
2. The maturity premium
   Journal of Financial Economics, 2022, 144, (2), 670-694 View citations (3)
   See also Working Paper The Maturity Premium, CEPR Discussion Papers (2020) View citations (1) (2020)

2021

3. Debt Maturity and the Dynamics of Leverage
   (Rollover risk and market freezes)
   The Review of Financial Studies, 2021, 34, (12), 5796-5840 View citations (18)
   See also Working Paper Debt maturity and the dynamics of leverage, CFS Working Paper Series (2016) View citations (10) (2016)
4. Granularity of Corporate Debt
   Journal of Financial and Quantitative Analysis, 2021, 56, (4), 1127-1162 View citations (3)
   See also Working Paper Granularity of corporate debt, CFS Working Paper Series (2013) View citations (9) (2013)
5. The COVID-19 Pandemic and Corporate Dividend Policy
   Journal of Financial and Quantitative Analysis, 2021, 56, (7), 2389-2410 View citations (12)
   See also Working Paper The Covid-19 Pandemic and Corporate Dividend Policy, CEPR Discussion Papers (2020) View citations (7) (2020)

2020

6. How Did COVID-19 Affect Firms’ Access to Public Capital Markets?*
   The Review of Corporate Finance Studies, 2020, 9, (3), 501-533 View citations (27)
7. Low‐Risk Anomalies?
   Journal of Finance, 2020, 75, (5), 2673-2718 View citations (12)
   See also Working Paper Low Risk Anomalies?, Swiss Finance Institute Research Paper Series (2019) View citations (1) (2019)

2018

8. Corporate debt maturity profiles
   Journal of Financial Economics, 2018, 130, (3), 484-502 View citations (41)
   See also Working Paper Corporate Debt Maturity Profiles, CEPR Discussion Papers (2017) View citations (10) (2017)
9. Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation
   German Economic Review, 2018, 19, (3), 260-279
   Also in German Economic Review, 2018, 19, (3), 260-279 (2018)
   See also Working Paper Sovereign reputation and yield spreads: A case study on retroactive legislation, CFS Working Paper Series (2016) View citations (7) (2016)

2017

10. Obituary for Engelbert Dockner
    Management Review Quarterly, 2017, 67, (3), 137-139

2016

11. Leverage dynamics over the business cycle
    Journal of Financial Economics, 2016, 122, (1), 21-41 View citations (69)
12. Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds
    The Review of Financial Studies, 2016, 29, (12), 3428-3470 View citations (15)
    See also Working Paper Managerial rents vs. shareholder value in delegated portfolio management: The case of closed-end funds, CFS Working Paper Series (2016) View citations (15) (2016)

2014

13. Ownership and control in Central and Eastern Europe
    Journal of Corporate Finance, 2014, 26, (C), 145-163 View citations (19)
14. The Cross-Section of Credit Risk Premia and Equity Returns
    Journal of Finance, 2014, 69, (6), 2419-2469 View citations (65)

2011

15. 2011 Review of Finance - Spängler IQAM Best Paper Prize
    Review of Finance, 2011, 15, (4), iv-iv
16. A Theory of Debt Market Illiquidity and Leverage Cyclicality
    The Review of Financial Studies, 2011, 24, (10), 3369-3400 View citations (7)
17. Editorial Statistics
    Review of Finance, 2011, 15, (1), iii-iii
18. Editorial Statistics
    Review of Finance, 2011, 15, (4), iii-iii
19. Intermediated Investment Management
    Journal of Finance, 2011, 66, (3), 947-980 View citations (52)
20. Special issue on household finance
    Review of Finance, 2011, 15, (4), v-vii View citations (3)

2010

21. Deutsche Bank Prize in Financial Economics 2010 Review of Finance Best Paper Award
    Review of Finance, 2010, 14, (4), v-v
22. Editorial Statistics
    Review of Finance, 2010, 14, (2), iii-iii
23. Editorial Statistics
    Review of Finance, 2010, 14, (3), iii-iii
24. Editorial Statistics
    Review of Finance, 2010, 14, (1), iii-iii
25. Editorial Statistics
    Review of Finance, 2010, 14, (4), iii-iii
26. Human Capital, Bankruptcy, and Capital Structure
    Journal of Finance, 2010, 65, (3), 891-926 View citations (193)
    See also Working Paper Human Capital, Bankruptcy and Capital Structure, NBER Working Papers (2007) View citations (6) (2007)

2009

27. Change of guard among coeditors
    Review of Finance, 2009, 13, (3), iii-iii
28. Editorial Statistics
    Review of Finance, 2009, 13, (3), v-v
29. Editorial Statistics
    Review of Finance, 2009, 13, (2), iii-iii
30. Editorial Statistics
    Review of Finance, 2009, 13, (1), iii-iii
31. Editorial Statistics
    Review of Finance, 2009, 13, (4), iii-iii
32. Winners of the Best Paper Competition in Corporate Governance
    Review of Finance, 2009, 13, (4), v-v

2008

33. Börsennotierungen: Warum und wo? Evidenz aus Theorie und Empirie
    Schmalenbach Journal of Business Research, 2008, 60, (2), 195-210 View citations (1)
34. Editorial Statistics
    Review of Finance, 2008, 12, (2), iii-iii
35. Editorial Statistics
    Review of Finance, 2008, 12, (3), iii-iii
36. Editorial Statistics
    Review of Finance, 2008, 12, (1), iii-iii
37. Market Discipline and Internal Governance in the Mutual Fund Industry
    The Review of Financial Studies, 2008, 21, (5), 2307-2343 View citations (32)
38. Special issue on corporate governance
    Review of Finance, 2008, 12, (1), v-vii View citations (2)
39. Where Is the Market? Evidence from Cross-Listings in the United States
    The Review of Financial Studies, 2008, 21, (2), 725-761 View citations (31)

2007

40. Editorial Statistics
    Review of Finance, 2007, 11, (3), iii-iii
41. Editorial Statistics
    Review of Finance, 2007, 11, (4), iii-iii
42. Optimal capital allocation using RAROC(TM) and EVA(R)
    Journal of Financial Intermediation, 2007, 16, (3), 312-342 View citations (36)
    See also Working Paper Optimal Capital Allocation Using RAROC(tm) and EVA, CEPR Discussion Papers (2004) View citations (3) (2004)

2006

43. Zum Ableben von o. Univ.-Prof. Dkfm. Dr. Peter Swoboda
    Schmalenbach Journal of Business Research, 2006, 58, (4), 528-529

2005

44. Capital Market-Oriented Financing Prospects for Austrian SMEs
    Financial Stability Report, 2005, (10), 83-94 View citations (2)
45. Editorial Announcement
    Review of Finance, 2005, 9, (2), iii-iii
46. Editorial Statistics
    Review of Finance, 2005, 9, (2), v-v

2004

47. Credit risk and dynamic capital structure choice
    Journal of Financial Intermediation, 2004, 13, (2), 183-204 View citations (22)
    See also Working Paper Credit Risk and Dynamic Capital Structure Choice, CEPR Discussion Papers (2003) View citations (1) (2003)
48. Discussion
    German Economic Review, 2004, 5, (2), 139-141
    Also in German Economic Review, 2004, 5, (2), 139-141 (2004)

2002

49. Bank capital regulation with random audits
    Journal of Economic Dynamics and Control, 2002, 26, (7-8), 1301-1321 View citations (50)
    See also Working Paper Bank Capital Regulation With Random Audits, FMG Discussion Papers (2000) View citations (3) (2000)
50. The Geography of Equity Listing: Why Do Companies List Abroad?
    Journal of Finance, 2002, 57, (6), 2651-2694 View citations (345)
    See also Working Paper The Geography of Equity Listing: Why Do Companies List Abroad?, CEPR Discussion Papers (2001) View citations (43) (2001)

2001

51. IPOs and Product Quality
    The Journal of Business, 2001, 74, (3), 375-408 View citations (60)
52. The Effect of Green Investment on Corporate Behavior
    Journal of Financial and Quantitative Analysis, 2001, 36, (4), 431-449 View citations (391)
53. What makes stock exchanges succeed? Evidence from cross-listing decisions
    European Economic Review, 2001, 45, (4-6), 770-782 View citations (81)
    See also Working Paper What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions, CEPR Discussion Papers (2001) View citations (83) (2001)

1999

54. Capital Structure, Information Acquisition and Investment Decisions in an Industry Framework
    Review of Finance, 1999, 2, (3), 251-271 View citations (7)

1998

55. IPO-mechanisms, monitoring and ownership structure
    Journal of Financial Economics, 1998, 49, (1), 45-77 View citations (111)

1997

56. Comment on ‘Monitoring, Implicit Contracting, and the Lack of Permanence of Leveraged Buyouts’
    Review of Finance, 1997, 1, (2), 165-168

1996

57. Financial market-product market interactions in industry equilibrium: Implications for information acquisition decisions
    European Economic Review, 1996, 40, (3-5), 883-896 View citations (1)

1994

58. Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium
    Journal of Political Economy, 1994, 102, (6), 1097-1130 View citations (282)
    See also Working Paper Large shareholder activism, risk sharing, and financial market equilibrium, Public Economics (2005) (2005)

1993

59. Financial Distress and Optimal Capital Structure Adjustments
    Journal of Economics & Management Strategy, 1993, 2, (4), 531-65 View citations (6)
    Also in Journal of Economics & Management Strategy, 1993, 2, (4), 531-565 (1993) View citations (5)
60. Influence Costs and Capital Structure
    Journal of Finance, 1993, 48, (3), 975-1008 View citations (18)

1991

61. Debt, Agency Costs, and Industry Equilibrium
    Journal of Finance, 1991, 46, (5), 1619-43 View citations (40)

1990

62. Tax Clienteles and Optimal Capital Structure under Uncertainty
    The Journal of Business, 1990, 63, (4), 465-91 View citations (7)
63. The Role of Debt and Perferred Stock as a Solution to Adverse Investment Incentives
    Journal of Financial and Quantitative Analysis, 1990, 25, (1), 1-24 View citations (30)

1989

64. Dynamic Recapitalization Policies and the Role of Call Premia and Issue Discounts
    Journal of Financial and Quantitative Analysis, 1989, 24, (4), 427-446 View citations (19)
65. Market Valuation of Bank Assets and Deposit Insurance in Canada
    Canadian Journal of Economics, 1989, 22, (1), 109-27 View citations (35)

1984

66. Debt, taxes, and international equilibrium
    Journal of International Money and Finance, 1984, 3, (3), 343-355 View citations (8)

Undated

67. Editorial Statistics
    Review of Finance, 15, (3), iii-iii
68. Editorial Statistics
    Review of Finance, 15, (2), iii-iii

Editor

1. Review of Finance
   Springer
2. Review of Finance
   European Finance Association