Law & Finance

Corporate Finance

 

The cluster Law & Finance brings together expertise from all departments to address central, particularly interdisciplinary issues, including the effectiveness of different regulatory approaches to financial markets and institutions as implemented in different jurisdictions in recent years, and the impact of consumer protection legislation in the financial sector. Corporate finance issues are addressed in cooperation with the departments Financial Intermediation and Financial Markets.

The department will be closely linked with the DFG Kolleg research group on "Foundations of Law and Finance" established in 2017.


Publications

Published Title Author/s Program Area Keywords Published
2019

Interdisziplinäre Forschung im Unternehmensrecht – Auf dem Weg zu einer Cognitive Corporate Governance?

Katja Langenbucher Zeitschrift für Unternehmens- und Gesellschaftsrecht Law and Finance 2019
2019

Does Say on Pay Matter? Evidence from Germany

Tobias Tröger, Uwe Walz European Company and Financial Law Review Law and Finance, Transparency Lab Say-on-pay, corporate governance, management compensation 2019
2019

Interbank Networks and Backdoor Bailouts: Benefiting from Other Banks’ Government Guarantees

Tim Eisert, Christian Eufinger Management Science Law and Finance, Systemic Risk Lab bailout, cycle flows, cyclical liabilities, interbank network, leverage 2019
2019

The Financing Dynamics of Newly Founded Firms

Julia Hirsch, Uwe Walz Journal of Banking and Finance Law and Finance financing decisions, life-cycle, firm growth, newly founded firms 2019
2018

The Relational Nature of Employment Dualization: Evidence from Subcontracting Establishments

Fabian Ochsenfeld European Sociological Review Law and Finance 2018
2017

Registered Cartels in Austria: An Overview

Nikolaus Fink, Philipp Schmidt-Dengler, Konrad Stahl, Christine Zulehner European Journal of Law and Economics Law and Finance Collusion, Cartels, Legal cartels, Contracts 2017
2019

Competition in Treasury Auctions

Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner American Economic Journal: Microeconomics Law and Finance treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format 2019
2018

Lohnbildung und Lohnverteilung

Markus Gangl Arbeitsmarktsoziologie: Probleme, Theorien, empirische Befunde (Springer) Law and Finance 2018
2019

The Law and Finance of Related Party Transactions

Luca Enriques, Tobias Tröger Cambridge University Press Law and Finance 2019
2017

Direct and Indirect Risk-Taking Incentives of Inside Debt

Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang Journal of Corporate Finance Law and Finance Inside Debt, Credit Spreads, Risk-Taking 2017
2018

Rent-Seeking in Elite Networks

Rainer Haselmann, David Schoenherr, Vikrant Vig Journal of Political Economy Law and Finance, Financial Intermediation - 2018
2014

"Comply or Explain" im Spannungsfeld von Law and Finance

Brigitte Haar 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann) Law and Finance 2014
2017

Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis

Sascha Baghestanian, Paul Gortner, Baptiste Massenot Experimental Economics Law and Finance, Experiment Center compensation, liquidity, experimental asset markets, bubbles 2017
2017

Incentive-Based Capital Requirements

Christian Eufinger, Andrej Gill Management Science Law and Finance, Transparency Lab, Experiment Center Basel III, capital regulation, compensation, leverage, risk 2017
2016

Freedom of Contract and Financial Stability

Brigitte Haar European Business Organization Law Review Systemic Risk Lab, Law and Finance 2016
2014

Investor Protection Through Model Case Procedures – Implementing Collective Goals and Individual Rights Under the 2012 Amendment to the German Capital Markets Model Case Act (KapMuG)

Brigitte Haar European Business Organization Law Review Law and Finance collective litigation, investor protection, test cases, German Capital Markets Model Case Act (KapMuG) 2014
2015

Performance Benefits of Tight Control

Andrej Gill, Nikolai Visnjic The Journal of Private Equity Law and Finance, Transparency Lab, Experiment Center private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance 2015
2016

Entrepreneurial Spawning: Experience, Education, and Exit

Douglas Cumming, Uwe Walz, Jochen Christian Werth Financial Review Law and Finance Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit 2016
2014

Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?

Andrea Weber, Christine Zulehner Journal of the European Economic Association Law and Finance 2014
2015

Competition in the Economic Crisis: Analysis of Procurement Auctions

Klaus Gugler, Michael Weichselbaumer, Christine Zulehner European Economic Review Law and Finance Construction procurement, First-price auctions, Private values, Economic crisis, Government stimulus 2015
2013

Child-Care Costs and Mothers’ Employment Rates: An Empirical Analysis for Austria

Helmut Mahringer, Christine Zulehner Review of Economics of the Household Law and Finance Child-care, Labour supply, Bivariate sample selection, Matched survey and administrative data 2013
2013

The Distribution of the Gender Pay Gap in Austria: Evidence from Matched Employer-Employee Data and Tax Records

René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner Journal for Labour Market Research Law and Finance gender wage differentials, quantile regressions, decomposition, matched employer-employee data 2013
2013

The Gender Wage Gap in Austria: Eppur si muove!

René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner Empirica Law and Finance Gender wage differentials, Wage inequality, Decomposition, Matched employer-employee data 2013
2015

Corporate Groups – A German’s European Perspective

Tobias Tröger German and Nordic Perspectives on Company Law and Capital Markets Law (Mohr Siebeck) Law and Finance Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interesterest, Minority Shareholder Protection, Creditor Protection 2015
2014

Media Slant Against Foreign Owners: Downsizing

Guido Friebel, Matthias Heinz Journal of Public Economics Law and Finance Media economics, Globalization, Economic xenophobia, Multi-national enterprises, Foreign direct investment 2014

Working Papers

Title Author/s No. Program Area Year Keywords Published

Interbank Network and Bank Bailouts: Insurance Mechanism for Non-Insured Creditors?

Tim Eisert, Christian Eufinger 10 Systemic Risk Lab, Law and Finance 2013 bailout, cycle flows, cyclical liabilities, interbank network, leverage 201301

Incentive-Based Capital Requirements

Christian Eufinger, Andrej Gill 9 Transparency Lab, Law and Finance, Experiment Center 2013 Basel III, capital regulation, compensation, leverage, risk 201301

Insight Private Equity

Andrej Gill, Nikolai Visnjic 23 Law and Finance, Transparency Lab, Experiment Center 2013 private equity, leveraged buyouts, active shareholders, corporate restructuring, operational performance 201301

Performance Benefits of Tight Control

Andrej Gill, Nikolai Visnjic 24 Law and Finance, Transparency Lab, Experiment Center 2013 private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance 201301

A Repeated Principal-Agent Model with On-the-Job Search

Daniel Herbold 64 Law and Finance 2014 Repeated Principal-Agent Model, On-the-Job Search, Moral Hazard, Multitasking, Efficiency Wages 201401

Corporate Groups

Tobias Tröger 66 Law and Finance 2014 Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interest, Minority Shareholder Protection, Creditor Protection 201401

The Influence of Leveraged Buyouts on Target Firms’ Competitors

Marcel Grupp, Christian Rauch, Marc Umber, Uwe Walz 99 Law and Finance 2015 Product Market Competition, Peers, LBOs, Restructuring 201501

Taking the Lead: When Non-Banks Arrange Syndicated Loans

Marcel Grupp 100 Law and Finance 2015 Non-bank lead arrangers, syndicated loans, spread premium 201501

Non-Mandatory Say on Pay Votes and AGM Participation: Evidence from Germany

Daniel Powell, Marc Steffen Rapp 107 Law and Finance 2015 Corporate Governance, Executive Remuneration, Say on Pay, Annual General Meeting, Germany 201501

Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis

Sascha Baghestanian, Paul Gortner, Baptiste Massenot 108 Law and Finance, Experiment Center 2015 compensation, liquidity, experimental asset markets, bubbles 201501

Signaling Cooperation

Matthias Heinz, Heiner Schumacher 120 Law and Finance 2015 Signaling, Public Goods, Labor Markets, Extracurricular Activities 201501

Entrepreneurial Spawning: Experience, Education, and Exit

Douglas Cumming, Uwe Walz, Jochen Christian Werth 122 Law and Finance 2016 Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit 201601

The Old Boy Network: The Impact of Professional Networks on Remuneration in Top Executive Jobs

Marie Lalanne, Paul Seabright 123 Law and Finance 2016 professional networks, gender wage gap, executive compensation, placebo technique 201601

Does Say on Pay Matter? Evidence from Germany

Tobias Tröger, Uwe Walz 125 Transparency Lab, Law and Finance 2016 Say-on-pay, corporate governance, management compensation 201601

Reputation, Honesty, and Cheating in Informal Milk Markets in India

Markus Kröll, Devesh Rustagi 134 Law and Finance, Experiment Center 2016 Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India 201601

Competition in Treasury Auctions

Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner 127 Law and Finance 2016 treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format 201601

Rent-Seeking in Elite Networks

Rainer Haselmann, David Schoenherr, Vikrant Vig 132 Financial Intermediation, Law and Finance 2016 - 201601

The Political Economy of Bank Bailouts

Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig 133 Financial Intermediation, Law and Finance 2016 political economy, bailouts, state-owned enterprises, elections 201601

Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks

Douglas Cumming, Jochen Christian Werth, Yelin Zhang 135 Law and Finance 2016 Entrepreneurship, Entrepreneurial Finance, Governance, Technology Park, Incubator, Board of Directors, Venture Capital, Angel 201601

Freedom of Contract and Financial Stability Through the Lens of the Legal Theory of Finance

Brigitte Haar 141 Law and Finance 2016 law and finance, financial stability, financial contracts, structured finance, asset-backed securities, pari passu clauses, collective action clauses, otc derivatives markets, central counter parties, Basel III, Coco bonds, trust law, China 201601

Direct and Indirect Risk-Taking Incentives of Inside Debt

Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang 60 Law and Finance 2014 Compensation Structure, Credit Spread, Risk-Taking, Inside Debt, Business Cycle 201401

The Financing Dynamics of Newly Founded Firms

Julia Hirsch, Uwe Walz 153 Law and Finance 2016 financing decisions, life-cycle, firm growth, newly founded firms 201601

Shareholder Wealth vs. Stakeholder interests? Evidence from Code Compliance under the German Corporate Governance Code

Brigitte Haar 154 Law and Finance 2016 corporate governance codes, soft law, stakeholder, shareholder wealth, market enforcement, German corporate governance, supervisory board, incentive pay, severance pay caps, age limits 201611

CEO Investment of Deferred Compensation Plans and Firm Performance

Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia Fantini 160 Law and Finance 2016 Inside Debt, Executive Compensation, Corporate Distress 201612

The Effect of Personal Financing Disruptions on Entrepreneurship

Tobin Hanspal 161 Household Finance, Law and Finance 2016 Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults 201612

Women Form Social Networks More Selectively and Less Opportunistically Than Men

Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul Seabright 168 Law and Finance, Transparency Lab 2017 Social Networks, Gender Differences, Trust Game 201703

The Real Effects of Judicial Enforcement

Vincenzo Pezone 192 Law and Finance 2018 201810

Financial Constraints, Newly Founded Firms and the Financial Crisis

Julia Hirsch, Uwe Walz 191 Law and Finance 2017 financial constraints, financial crisis, financing decisions, investment decisions, newly founded firms 201712

Regulation of Crowdfunding in Germany

Tobias Tröger 199 Law and Finance 2018 crowdfunding, crowdsponsoring, crowdlending, crowdinvesting, contract law, conflict of laws, banking regulation, securities regulation 201802

Germany's Reluctance to Regulate Related Party Transactions

Tobias Tröger 202 Law and Finance 2018 related party transactions, Germany Inc., industrial organization, tunneling, private benefits of control, capital maintenance, group law 201802

Local Peer Effects and Corporate Investment

Yangming Bao, Martin Götz 220 Law and Finance 2018 Investments, Peer Firm Effects, Agglomeration, Corporate Income Tax 201807

Only Time will Tell: A Theory of Deferred Compensation

Florian Hoffmann, Roman Inderst, Marcus Opp 218 Law and Finance 2018 Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle 201808

Financial Constraints and Corporate Environmental Responsibility

Martin Götz 241 Law and Finance 2019 201909

Professional Networks and their Coevolution with Executive Careers: Evidence from Europe and North America

Nicoletta Berardi, Marie Lalanne, Paul Seabright 243 Law and Finance 2019 201902

Financing Conditions and Toxic Emissions

Martin Götz 254 Law and Finance 2019 201906

The Value of Firm Networks: A Natural Experiment on Board Connections

Ester Faia, Maximilian Mayer, Vincenzo Pezone 269 Law and Finance 2020 202003

Policy Papers

Year Title Author/s Program Area Keywords Year
July 2020

Der Verlustrücktrag als Mittel der Konjunkturpolitik – Ausweitung des Verlustrücktrags auch auf die Gewerbesteuer erforderlich

Philipp Lamprecht, Alfons J. Weichenrieder Law and Finance Verlustrücktrag, Corona-Steuerhilfegesetz, Gewerbesteuer, Konjunkturpolitik 2020-07
June 2020

Bank capital and the European recovery from the COVID-19 crisis

Moritz Schularick, Sascha Steffen, Tobias Tröger Law and Finance, Macro and Finance bank capital, financial stablity, COVID-19 2020-06
April 2020

The Case for Corona Bonds

Matej Avbelj, Antonia Baraggia, Jürgen Bast, Bojan Bugarič, Emanuel Castellarin, Francesco Costamagna, Anuscheh Faraha, Matthias Goldmann, Anna-Katharina Mangold, Mario Savino, Alexander Thiele, Annamaria Viterbo Law and Finance Corona Bonds, Coronavirus 2020-04
July 2017

EU Mapping 2017: Systematic Overview on Economic and Financial Legislation

Katja Langenbucher, Lara Milione, Andreas Roth, Tobias Tröger Law and Finance EU economic and financial services legislation 2017-07
July 2016

Fair Retail Banking: How to Prevent Mis-Selling by Banks

Günter Franke, Thomas Mosk, Eberhard Schnebel Law and Finance Retail Banking, Mis-selling, MiFID II 2016-07
April 2015

Stellungnahme zu den DCGK-Änderungs-Vorschlägen der Regierungs-Kommission Deutscher Corporate Governance Kodex

Hans-Joachim Böcking, Marius Gros, Daniel Worret Law and Finance Deutscher Corporate Governance Kodex, Professionalisierung der Aufsichtsratstätigkeit, Financial Expert, Prüfungsausschuss, Aufsichtsratsvergütung 2015-04
June 2015

Negative Zinsen auf Einlagen – Juristische Hindernisse und ihre wettbewerbspolitischen Auswirkungen

Tobias Tröger Law and Finance Niedrigzinsumfeld, Einlageverträge, negativer Zins 2015-06
February 2014

Zur Offenlegung der Bezüge von Sparkassenführungskräften im Internet

Helmut Siekmann Law and Finance Bezüge im Bankensektor, Transparenz, Corporate Governance 2014-02
May 2014

EU Mapping: Systematic Overview on Economic and Financial Legislation

Marcel Gellings, Kai Jungbluth, Katja Langenbucher Law and Finance EU economic and financial services legislation 2014-05
February 2012

Constitutional Ruling on Court of Auditors’ Review of Banks

Helmut Siekmann, Patrick Tuschl Law and Finance fiscal responsibility, control by Court of Auditors 2012-02
March 2013

Stellungnahme zu aktuellen Formulierungsvorschlägen für Änderungen am Deutschen Corporate Governance Kodex

Hans-Joachim Böcking, Marius Gros, Daniel Worret Law and Finance Deutscher Corporate Governance Kodex, Financial Expert, Prüfungsausschuss, Vorstandsvergütung, Aufsichtsratsvergütung 2013-03
February 2013

Managementvergütung im Bankensektor

Jan Pieter Krahnen, Thomas Mayer Law and Finance Boni, Bail-in Anleihen, Liikanen-Kommission 2013-02
September 2008

Die gerichtliche Kontrolle von Beschlüssen der Gläubigerversammlung

Theodor Baums Law and Finance Gläubigerversammlung 2008-09
July 2008

Zur monistischen Verfassung der deutschen Aktiengesellschaft. Überlegungen de lege ferenda

Theodor Baums Law and Finance Corporate Governance, Unternehmensverfassung 2008-07
May 2008

Zur Anfechtung von Hauptversammlungsbeschlüssen - rechtspolitische Vorschläge

Theodor Baums, Florian Drinhausen Law and Finance Anfechtungsklage 2008-05
February 2008

Stellungnahme zum Referentenentwurf "Risikobegrenzungsgesetz"

Jan Pieter Krahnen Law and Finance Corporate Governance, Finanzinnovationen 2008-02
January 2008

Europäische Modellgesetze im Gesellschaftsrecht

Theodor Baums Law and Finance Modellgesellschaftsgesetze 2008-01
September 2007

Zur Deregulierung des Depotstimmrechts

Theodor Baums Law and Finance Depotstimmrecht 2007-09
June 2007

The Law of Corporate Finance in Europe - an Essay

Theodor Baums Law and Finance corporate finance 2007-06
October 2013

Commentary on ESMA Guidelines on Enforcement of Financial Information

Hans-Joachim Böcking, Marius Gros, Daniel Worret Law and Finance Enforcement, ESMA, financial reporting quality, restatements 2013-10
January 2012

Neues Schuldverschreibungsrecht und Altanleihen

Theodor Baums, Roland Schmidtbleicher Law and Finance Collective Action Clauses, Anleihen, Umstrukturierung 2012-01
November 2011

Das Grünbuch der EU-Kommission „Weiteres Vorgehen im Bereich der Abschlussprüfung: Lehren aus der Krise“ – Eine Auswertung der Stellungnahmen des Konsultationsprozesses

Hans-Joachim Böcking, Marius Gros, Christoph Wallek, Daniel Worret Law and Finance Abschlussprüfung, Finanzkrise, EU Grünbuch, Konsultationsprozess 2011-11
November 2011

Analysis of the EU Consultation on the Green Paper “Audit Policy: Lessons from the Crisis”

Hans-Joachim Böcking, Marius Gros, Christoph Wallek, Daniel Worret Law and Finance Audit Policy, Financial Crisis, EU Green Paper, Consultation Process 2011-11
November 2011

Anfechtungsklagen und Freigabeverfahren. Eine empirische Studie

Theodor Baums, Florian Drinhausen, Astrid Keinath Law and Finance Aktionärsrechte, Berufskläger, Anlegerschutz 2011-11
December 2010

Comment on the European Commission's Green Paper "Audit Policy: Lessons from the Crisis"

Hans-Joachim Böcking, Marius Gros Law and Finance audit quality, expectation gap, regulation 2010-12
October 2010

Unternehmen und Ethik

Theodor Baums Law and Finance Rechtsnormen, ethische Normen, Wirtschaftsverfassung 2010-10
May 2011

Report of the Reflection Group on the Future of EU Company Law

Theodor Baums Law and Finance EU-harmonization, corporate governance, regulation, cross-border mobility 2011-05
November 2010

Low Balling, Creeping In und deutsches Übernahmerecht

Theodor Baums Law and Finance feindliche Übernahme, Hauptversammlungsmehrheit, Meldepflichten 2010-11
August 2010

Managerhaftung und Verjährungsfrist

Theodor Baums Law and Finance Organhaftungsregeln, Verjährungsfristen 2010-08
July 2010

Risiko und Risikosteuerung im Aktienrecht

Theodor Baums Law and Finance Risikomanagement, Vorstandspflichten 2010-07
January 2010

Die Unabhängigkeit des Vergütungsberaters

Theodor Baums Law and Finance Corporate Governance-Kodex, Vergütungsberater 2010-01
May 2009

Entwurf einer Regelung zur Mitbestimmungsvereinbarung und zur Größe des mitbestimmten Aufsichtsrats

Gregor Bachmann, Theodor Baums, Mathias Habersack, Martin Henssler, Marcus Lutter, Hartmut Oetker, Peter Ulmer Law and Finance Mitbestimmungsrecht 2009-05
February 2009

Anschleichen an Übernahmeziele mittels Cash Settled Equity Derivaten - ein Regelungsvorschlag

Theodor Baums Law and Finance Unternehmensübernahmen, Equity Swaps 2009-02
July 2011

Comment on the European Commission's Green Paper "The EU Corporate Governance Framework"

Hans-Joachim Böcking, Marius Gros Law and Finance corporate governance, supervisory board, shareholder activism 2011-07
April 2012

Stellungnahme zu den vom Deutschen Standardisierungsrat vorgeschlagenen Änderungen der Anforderungen an die Konzernlageberichterstattung

Hans-Joachim Böcking, Marius Gros Law and Finance Chancen- und Risikoberichterstattung, Strategieberichterstattung, Management Commentary 2012-04
March 2012

Stellungnahme zu den DCGK-Aenderungsvorschlaegen der Regierungskommission Deutscher Corporate Governance Kodex

Hans-Joachim Böcking, Marius Gros Law and Finance Deutscher Corporate Governance Kodex, Prüfungsausschuss, Aufsichtsratsvergütung 2012-03
March 2013

Legal Aspects of Gender Balance on Corporate Boards in Germany

Katja Langenbucher Law and Finance German corporate governance codex, gender equality, German constitutional law 2013-03
November 2012

Missachtung rechtlicher Vorgaben des AEUV durch die Mitgliedstaaten und die EZB in der Schuldenkrise

Helmut Siekmann Law and Finance Bankenkrise, Staatsschuldenkrise, EFSF, ESM, Fiskalpakt 2012-11
September 2012

Die Legende von der verfassungsrechtlichen Sonderstellung des „anonymen“ Kapitaleigentums

Helmut Siekmann Law and Finance Geldeigentum, Anteilseigentum, Gesellschaftsrecht, Verfassungsrecht 2012-09
September 2012

Früher war nicht alles besser

Theodor Baums Law and Finance 2012-09

Research Projects

Category Project Researcher Project Duration Keywords Project ID Publication Count
Law and Finance

Self Deception in Pandemics

Zafar Basit, Ester Faia, Andreas Fuster, Vincenzo Pezone 2020 173101 0
Law and Finance

Training for Temptation - Towards a Cognitive Theory of Corporate Governance

Peter Gollwitzer, Daniel Nikolas Hau, Katja Langenbucher 2019 Corporate governance in financial institutions Regulatory oversight Change of culture in financial institutions Tone from the top Compliance in financial institutions Liability and compliance Group interaction and compliance Behavioural finance Behavioura 21230 1
Law and Finance

Board Gender Diversity and Firm Performance: Evidence from Chinese Firms

Yangming Bao, Martin Götz, Di Lu, Thorsten Schank 2019 Corporate Governance, Firm Performance, Gender Diversity, Human Capital, Cultural Revolution 21232 0
Law and Finance

The Role of Analyst Style in Earnings Conference Calls

Yuma Iwase, Bernd Skiera, Simone Wies 2019 21234 0
Law and Finance

The Role of Network Connections for CEO Compensation: Quasi-Experimental Evidence from Changes in Inter-Locking Laws in US and Italy

Ester Faia, Jialei Lu, Maximilian Mayer, Vincenzo Pezone, Yiran Wei 2019 CEO compensation, network connections, Boardex data, quasi-experimental evidence, inter-locking regulation, assortative matching, talents, Nash bargaining. 21229 1
Law and Finance, Financial Intermediation

Foundations of Law and Finance

Rainer Haselmann, Casimiro Antonio Nigro, Tobias Tröger 2018 21291 1
Law and Finance

The Impact of Boni Regulation - A Theoretical Analysis

Roman Inderst 2018 boni, regulation 21217 1
Law and Finance

Economically Rational Corporate Takeovers

Giuliano Curatola, Gustavo Grebler, Tobias Tröger 2018 Corporate Takeover. Market Rule. Equal Opportunity Rule. Equal Treatment of Shareholders. Control Premium. Mandatory Takeover Bid. Tender Offer. Willians Act. 13th Directive. Directive EC/25/2004. Sale of Control. Efficient Portfolio. Modern Portfolio The 21226 0
Law and Finance, Experiment Center

Gender Diversity, Decision Rules, and the Risk Appetite of Teams

Renée Adams, Andreas Grunewald, Ferdinand von Siemens 2017 Corporate Boards, Gender Diversity, Risk Taking, Banking, Teams 21223 0
Law and Finance

Registered Cartels in Austria

Nikolaus Fink, Philipp Schmidt-Dengler, Konrad Stahl, Christine Zulehner 2016 21004 1
Law and Finance

The Law and Finance of Related Party Transactions: A Comparative Analysis

Luca Enriques, Tobias Tröger 2016 related party transactions, tunneling, controlling shareholders, agency costs, capital market development 21220 1
Law and Finance

The Impact of Structural Reform Proposals

Rainer Haselmann, Lara Milione, Tobias Tröger 2016 banking separation, Volcker Rule, ring fencing, Liikanen report, event study 21221 0
Law and Finance

Rent Sharing and Gender Discrimination in Collegiate Athletics

Mario Lackner, Christine Zulehner 2016 21004 0
Macro and Finance, Financial Intermediation, Law and Finance, Financial Markets, Experiment Center

Capital Requirements and Financial Stability: Experimental Evidence

Paul Gortner, Baptiste Massenot 2016 21650 1
Law and Finance

Challenges for Competition Law arising from Financial Stability

Pedro Magalhães Batista, Iwona Matylda Grandjean, Brigitte Haar, Casimiro Antonio Nigro, Katharina Pistor 2016 bank regulation, too big to fail, financial stability, bank regulation, model based regulation, bank competition 21600 1
Law and Finance, Systemic Risk Lab

GLawFin – Private Contracts and Systemic Risk

Luca Amorello, Pedro Magalhães Batista, Biljana Biljanovska, Jacob Bonavita, Brigitte Haar, Katharina Pistor, Grygoriy Pustovit, Max Weber 2014 Financial Markets, Financial Institutions, Financial Stability, Financial Contracts, Corporate Finance, Corporate Governance, Financial Institutions, Financial Services, Law and Economics, Systemic Risk 12125 1
Law and Finance

Executive Compensation and Credit Spread

Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang 2014 Compensation Structure, Credit Spread, Risk-Taking, Inside Debt, Business Cycle 11227 1
Law and Finance, Experiment Center

Corruption in the Lab and in the Field: Evidence from a Market for Credence Goods

Markus Kröll, Devesh Rustagi 2014 Corruption, economic experiments, India, Milkmen 11228 1
Law and Finance

To Have and to Hold: Trends in Industry Rents for Germany

Markus Gangl, Fabian Ochsenfeld 2013 Wage distribution, wage rents, labor market segmentation, industry effects, multilevel modeling, German Socio-Economic Panel, Labour Force Survey, Germany 11225 1
Law and Finance, Transparency Lab

Gendered Network Structures and Careers

Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul Seabright 2013 Professional networks, gender wage gap, executive compensation, social networks, trust 12221 1
Law and Finance, Transparency Lab

Corporate Governance of Financial Institutions – Does say-on-pay matter?

Biljana Biljanovska, Guido Ferrarini, Brigitte Haar, Randall S. Thomas, Tobias Tröger, Uwe Walz, Charles K. Whitehead 2013 Corporate Governance, Financial Institutions, Management Compensation, Moral Hazard, Ownership Structure, Say-on-pay 11224 1

Current Research Team

Researcher Position
Adams, Renée External Researcher, SAFE Fellow
Burchard, Christoph External Researcher, SAFE Fellow
Goldmann, Matthias Junior Researcher
Götz, Martin External Researcher
Haselmann, Rainer Senior Researcher, SAFE Fellow
Lalanne, Marie External Researcher
Pezone, Vincenzo Junior Researcher
Tröger, Tobias Senior Researcher
von Siemens, Ferdinand External Researcher, SAFE Fellow
Walz, Uwe Senior Researcher