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

PublishedTitleAuthor/sProgram AreaKeywordsPublished
2019

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

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

Does Say on Pay Matter? Evidence from Germany

European Company and Financial Law Review
Tobias Tröger, Uwe Walz Law and Finance, Transparency Lab Say-on-pay, corporate governance, management compensation2019
2019

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

Management Science
Tim Eisert, Christian Eufinger Law and Finance, Systemic Risk Lab bailout, cycle flows, cyclical liabilities, interbank network, leverage2019
2019

The Financing Dynamics of Newly Founded Firms

Journal of Banking and Finance
Julia Hirsch, Uwe Walz Law and Finance financing decisions, life-cycle, firm growth, newly founded firms2019
2018

The Relational Nature of Employment Dualization: Evidence from Subcontracting Establishments

European Sociological Review
Fabian Ochsenfeld Law and Finance 2018
2017

Registered Cartels in Austria: An Overview

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

Competition in Treasury Auctions

American Economic Journal: Microeconomics
Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner Law and Finance treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format2019
2018

Lohnbildung und Lohnverteilung

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

The Law and Finance of Related Party Transactions

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

Direct and Indirect Risk-Taking Incentives of Inside Debt

Journal of Corporate Finance
Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang Law and Finance Inside Debt, Credit Spreads, Risk-Taking2017
2018

Rent-Seeking in Elite Networks

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

"Comply or Explain" im Spannungsfeld von Law and Finance

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

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

Experimental Economics
Sascha Baghestanian, Paul Gortner, Baptiste Massenot Law and Finance, Experiment Center compensation, liquidity, experimental asset markets, bubbles2017
2017

Incentive-Based Capital Requirements

Management Science
Christian Eufinger, Andrej Gill Law and Finance, Transparency Lab, Experiment Center Basel III, capital regulation, compensation, leverage, risk2017
2016

Freedom of Contract and Financial Stability

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

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

Performance Benefits of Tight Control

The Journal of Private Equity
Andrej Gill, Nikolai Visnjic Law and Finance, Transparency Lab, Experiment Center private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance2015
2016

Entrepreneurial Spawning: Experience, Education, and Exit

Financial Review
Douglas Cumming, Uwe Walz, Jochen Christian Werth Law and Finance Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit2016
2014

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

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

Competition in the Economic Crisis: Analysis of Procurement Auctions

European Economic Review
Klaus Gugler, Michael Weichselbaumer, Christine Zulehner Law and Finance Construction procurement, First-price auctions, Private values, Economic crisis, Government stimulus2015
2013

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

Review of Economics of the Household
Helmut Mahringer, Christine Zulehner Law and Finance Child-care, Labour supply, Bivariate sample selection, Matched survey and administrative data2013
2013

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

Journal for Labour Market Research
René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner Law and Finance gender wage differentials, quantile regressions, decomposition, matched employer-employee data2013
2013

The Gender Wage Gap in Austria: Eppur si muove!

Empirica
René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner Law and Finance Gender wage differentials, Wage inequality, Decomposition, Matched employer-employee data2013
2015

Corporate Groups – A German’s European Perspective

German and Nordic Perspectives on Company Law and Capital Markets Law (Mohr Siebeck)
Tobias Tröger Law and Finance Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interesterest, Minority Shareholder Protection, Creditor Protection2015
2014

Media Slant Against Foreign Owners: Downsizing

Journal of Public Economics
Guido Friebel, Matthias Heinz Law and Finance Media economics, Globalization, Economic xenophobia, Multi-national enterprises, Foreign direct investment2014

Working Papers

TitleAuthor/sNo.Program AreaYearKeywordsPublished

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

Tim Eisert, Christian Eufinger10 Law and Finance, Systemic Risk Lab 2013bailout, cycle flows, cyclical liabilities, interbank network, leverage Jan 2013

Incentive-Based Capital Requirements

Christian Eufinger, Andrej Gill9 Law and Finance, Transparency Lab, Experiment Center 2013Basel III, capital regulation, compensation, leverage, risk Jan 2013

Insight Private Equity

Andrej Gill, Nikolai Visnjic23 Law and Finance, Transparency Lab, Experiment Center 2013private equity, leveraged buyouts, active shareholders, corporate restructuring, operational performance Jan 2013

Performance Benefits of Tight Control

Andrej Gill, Nikolai Visnjic24 Law and Finance, Transparency Lab, Experiment Center 2013private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance Jan 2013

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

Daniel Herbold64 Law and Finance 2014Repeated Principal-Agent Model, On-the-Job Search, Moral Hazard, Multitasking, Efficiency Wages Jan 2014

Corporate Groups

Tobias Tröger66 Law and Finance 2014Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interest, Minority Shareholder Protection, Creditor Protection Jan 2014

The Influence of Leveraged Buyouts on Target Firms’ Competitors

Marcel Grupp, Christian Rauch, Marc Umber, Uwe Walz99 Law and Finance 2015Product Market Competition, Peers, LBOs, Restructuring Jan 2015

Taking the Lead: When Non-Banks Arrange Syndicated Loans

Marcel Grupp100 Law and Finance 2015Non-bank lead arrangers, syndicated loans, spread premium Jan 2015

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

Daniel Powell, Marc Steffen Rapp107 Law and Finance 2015Corporate Governance, Executive Remuneration, Say on Pay, Annual General Meeting, Germany Jan 2015

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

Sascha Baghestanian, Paul Gortner, Baptiste Massenot108 Law and Finance, Experiment Center 2015compensation, liquidity, experimental asset markets, bubbles Jan 2015

Signaling Cooperation

Matthias Heinz, Heiner Schumacher120 Law and Finance 2015Signaling, Public Goods, Labor Markets, Extracurricular Activities Jan 2015

Entrepreneurial Spawning: Experience, Education, and Exit

Douglas Cumming, Uwe Walz, Jochen Christian Werth122 Law and Finance 2016Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit Jan 2016

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

Marie Lalanne, Paul Seabright123 Law and Finance 2016professional networks, gender wage gap, executive compensation, placebo technique Jan 2016

Does Say on Pay Matter? Evidence from Germany

Tobias Tröger, Uwe Walz125 Law and Finance, Transparency Lab 2016Say-on-pay, corporate governance, management compensation Jan 2016

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

Markus Kröll, Devesh Rustagi134 Law and Finance, Experiment Center 2016Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India Jan 2016

Competition in Treasury Auctions

Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner127 Law and Finance 2016treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format Jan 2016

Rent-Seeking in Elite Networks

Rainer Haselmann, David Schoenherr, Vikrant Vig132 Financial Intermediation, Law and Finance 2016- Jan 2016

The Political Economy of Bank Bailouts

Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig133 Financial Intermediation, Law and Finance 2016political economy, bailouts, state-owned enterprises, elections Jan 2016

Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks

Douglas Cumming, Jochen Christian Werth, Yelin Zhang135 Law and Finance 2016Entrepreneurship, Entrepreneurial Finance, Governance, Technology Park, Incubator, Board of Directors, Venture Capital, Angel Jan 2016

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

Brigitte Haar141 Law and Finance 2016law 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 Jan 2016

Direct and Indirect Risk-Taking Incentives of Inside Debt

Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang60 Law and Finance 2014Compensation Structure, Credit Spread, Risk-Taking, Inside Debt, Business Cycle Jan 2014

The Financing Dynamics of Newly Founded Firms

Julia Hirsch, Uwe Walz153 Law and Finance 2016financing decisions, life-cycle, firm growth, newly founded firms Jan 2016

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

Brigitte Haar154 Law and Finance 2016corporate governance codes, soft law, stakeholder, shareholder wealth, market enforcement, German corporate governance, supervisory board, incentive pay, severance pay caps, age limits Nov 2016

CEO Investment of Deferred Compensation Plans and Firm Performance

Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia Fantini160 Law and Finance 2016Inside Debt, Executive Compensation, Corporate Distress Dec 2016

The Effect of Personal Financing Disruptions on Entrepreneurship

Tobin Hanspal161 Law and Finance, Household Finance 2016Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults Dec 2016

Women Form Social Networks More Selectively and Less Opportunistically Than Men

Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul Seabright168 Law and Finance, Transparency Lab 2017Social Networks, Gender Differences, Trust Game Mar 2017

The Real Effects of Judicial Enforcement

Vincenzo Pezone192 Law and Finance 2018 Oct 2018

Financial Constraints, Newly Founded Firms and the Financial Crisis

Julia Hirsch, Uwe Walz191 Law and Finance 2017financial constraints, financial crisis, financing decisions, investment decisions, newly founded firms Dec 2017

Regulation of Crowdfunding in Germany

Tobias Tröger199 Law and Finance 2018crowdfunding, crowdsponsoring, crowdlending, crowdinvesting, contract law, conflict of laws, banking regulation, securities regulation Feb 2018

Germany's Reluctance to Regulate Related Party Transactions

Tobias Tröger202 Law and Finance 2018related party transactions, Germany Inc., industrial organization, tunneling, private benefits of control, capital maintenance, group law Feb 2018

Local Peer Effects and Corporate Investment

Yangming Bao, Martin Götz220 Law and Finance 2018Investments, Peer Firm Effects, Agglomeration, Corporate Income Tax Jul 2018

Only Time will Tell: A Theory of Deferred Compensation

Florian Hoffmann, Roman Inderst, Marcus Opp218 Law and Finance 2018Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle Aug 2018

Financial Constraints and Corporate Environmental Responsibility

Martin Götz241 Law and Finance 2019 Sep 2019

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

Nicoletta Berardi, Marie Lalanne, Paul Seabright243 Law and Finance 2019 Feb 2019

Financing Conditions and Toxic Emissions

Martin Götz254 Law and Finance 2019 Jun 2019

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

Ester Faia, Maximilian Mayer, Vincenzo Pezone269 Law and Finance 2020 Mar 2020

Policy Papers

YearTitleAuthor/sProgram AreaKeywordsYear
Nov 2020

Plug the gap: Make resolution ready for corona

Thomas Huertas Law and Finance Resolution, Covid-19, Banking Crisis Nov 2020
Jul 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 Jul 2020
Jun 2020

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

Moritz Schularick, Sascha Steffen, Tobias Tröger Law and Finance, Macro Finance bank capital, financial stablity, COVID-19 Jun 2020
Apr 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 Apr 2020
Jul 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 Jul 2017
Jul 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 Jul 2016
Apr 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 Apr 2015
Jun 2015

Negative Zinsen auf Einlagen – Juristische Hindernisse und ihre wettbewerbspolitischen Auswirkungen

Tobias Tröger Law and Finance Niedrigzinsumfeld, Einlageverträge, negativer Zins Jun 2015
Feb 2014

Zur Offenlegung der Bezüge von Sparkassenführungskräften im Internet

Helmut Siekmann Law and Finance Bezüge im Bankensektor, Transparenz, Corporate Governance Feb 2014
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 May 2014
Feb 2012

Constitutional Ruling on Court of Auditors’ Review of Banks

Helmut Siekmann, Patrick Tuschl Law and Finance fiscal responsibility, control by Court of Auditors Feb 2012
Mar 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 Mar 2013
Feb 2013

Managementvergütung im Bankensektor

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

Die gerichtliche Kontrolle von Beschlüssen der Gläubigerversammlung

Theodor Baums Law and Finance Gläubigerversammlung Sep 2008
Jul 2008

Zur monistischen Verfassung der deutschen Aktiengesellschaft. Überlegungen de lege ferenda

Theodor Baums Law and Finance Corporate Governance, Unternehmensverfassung Jul 2008
May 2008

Zur Anfechtung von Hauptversammlungsbeschlüssen - rechtspolitische Vorschläge

Theodor Baums, Florian Drinhausen Law and Finance Anfechtungsklage May 2008
Feb 2008

Stellungnahme zum Referentenentwurf "Risikobegrenzungsgesetz"

Jan Pieter Krahnen Law and Finance Corporate Governance, Finanzinnovationen Feb 2008
Jan 2008

Europäische Modellgesetze im Gesellschaftsrecht

Theodor Baums Law and Finance Modellgesellschaftsgesetze Jan 2008
Sep 2007

Zur Deregulierung des Depotstimmrechts

Theodor Baums Law and Finance Depotstimmrecht Sep 2007
Jun 2007

The Law of Corporate Finance in Europe - an Essay

Theodor Baums Law and Finance corporate finance Jun 2007
Oct 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 Oct 2013
Jan 2012

Neues Schuldverschreibungsrecht und Altanleihen

Theodor Baums, Roland Schmidtbleicher Law and Finance Collective Action Clauses, Anleihen, Umstrukturierung Jan 2012
Nov 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 Nov 2011
Nov 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 Nov 2011
Nov 2011

Anfechtungsklagen und Freigabeverfahren. Eine empirische Studie

Theodor Baums, Florian Drinhausen, Astrid Keinath Law and Finance Aktionärsrechte, Berufskläger, Anlegerschutz Nov 2011
Dec 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 Dec 2010
Oct 2010

Unternehmen und Ethik

Theodor Baums Law and Finance Rechtsnormen, ethische Normen, Wirtschaftsverfassung Oct 2010
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 May 2011
Nov 2010

Low Balling, Creeping In und deutsches Übernahmerecht

Theodor Baums Law and Finance feindliche Übernahme, Hauptversammlungsmehrheit, Meldepflichten Nov 2010
Aug 2010

Managerhaftung und Verjährungsfrist

Theodor Baums Law and Finance Organhaftungsregeln, Verjährungsfristen Aug 2010
Jul 2010

Risiko und Risikosteuerung im Aktienrecht

Theodor Baums Law and Finance Risikomanagement, Vorstandspflichten Jul 2010
Jan 2010

Die Unabhängigkeit des Vergütungsberaters

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

Anschleichen an Übernahmeziele mittels Cash Settled Equity Derivaten - ein Regelungsvorschlag

Theodor Baums Law and Finance Unternehmensübernahmen, Equity Swaps Feb 2009
Jul 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 Jul 2011
Apr 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 Apr 2012
Mar 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 Mar 2012
Mar 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 Mar 2013
Nov 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 Nov 2012
Sep 2012

Die Legende von der verfassungsrechtlichen Sonderstellung des „anonymen“ Kapitaleigentums

Helmut Siekmann Law and Finance Geldeigentum, Anteilseigentum, Gesellschaftsrecht, Verfassungsrecht Sep 2012
Sep 2012

Früher war nicht alles besser

Theodor Baums Law and Finance Sep 2012

Research Projects

CategoryProjectResearcherProject DurationKeywordsProject IDPublication Count
Law and Finance

Self Deception in Pandemics

Zafar Basit, Ester Faia, Andreas Fuster, Vincenzo Pezone20201731011
Law and Finance

Training for Temptation - Towards a Cognitive Theory of Corporate Governance

Peter Gollwitzer, Daniel Nikolas Hau, Katja Langenbucher2019Corporate 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 Behavioura212301
Law and Finance

Board Gender Diversity and Firm Performance: Evidence from Chinese Firms

Yangming Bao, Martin Götz, Di Lu, Thorsten Schank2019Corporate Governance, Firm Performance, Gender Diversity, Human Capital, Cultural Revolution212321
Law and Finance

The Role of Analyst Style in Earnings Conference Calls

Yuma Iwase, Bernd Skiera, Simone Wies2019212341
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 Wei2019CEO compensation, network connections, Boardex data, quasi-experimental evidence, inter-locking regulation, assortative matching, talents, Nash bargaining.212291
Financial Intermediation, Law and Finance

Foundations of Law and Finance

Rainer Haselmann, Casimiro Antonio Nigro, Tobias Tröger2018212911
Law and Finance

The Impact of Boni Regulation - A Theoretical Analysis

Roman Inderst2018boni, regulation212171
Law and Finance

Economically Rational Corporate Takeovers

Giuliano Curatola, Gustavo Grebler, Tobias Tröger2018Corporate 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 The212261
Law and Finance, Experiment Center

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

Renée Adams, Andreas Grunewald, Ferdinand von Siemens2017Corporate Boards, Gender Diversity, Risk Taking, Banking, Teams212231
Law and Finance

Registered Cartels in Austria

Nikolaus Fink, Philipp Schmidt-Dengler, Konrad Stahl, Christine Zulehner2016210041
Law and Finance

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

Luca Enriques, Tobias Tröger2016related party transactions, tunneling, controlling shareholders, agency costs, capital market development212201
Law and Finance

The Impact of Structural Reform Proposals

Rainer Haselmann, Lara Milione, Tobias Tröger2016banking separation, Volcker Rule, ring fencing, Liikanen report, event study212211
Law and Finance

Rent Sharing and Gender Discrimination in Collegiate Athletics

Mario Lackner, Christine Zulehner2016210041
Financial Intermediation, Law and Finance, Financial Markets, Macro Finance, Experiment Center

Capital Requirements and Financial Stability: Experimental Evidence

Paul Gortner, Baptiste Massenot2016216501
Law and Finance

Challenges for Competition Law arising from Financial Stability

Pedro Magalhães Batista, Iwona Matylda Grandjean, Brigitte Haar, Casimiro Antonio Nigro, Katharina Pistor2016bank regulation, too big to fail, financial stability, bank regulation, model based regulation, bank competition 216001
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 Weber2014Financial Markets, Financial Institutions, Financial Stability, Financial Contracts, Corporate Finance, Corporate Governance, Financial Institutions, Financial Services, Law and Economics, Systemic Risk121251
Law and Finance

Executive Compensation and Credit Spread

Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang2014Compensation Structure, Credit Spread, Risk-Taking, Inside Debt, Business Cycle112271
Law and Finance, Experiment Center

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

Markus Kröll, Devesh Rustagi2014Corruption, economic experiments, India, Milkmen112281
Law and Finance

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

Markus Gangl, Fabian Ochsenfeld2013Wage distribution, wage rents, labor market segmentation, industry effects, multilevel modeling, German Socio-Economic Panel, Labour Force Survey, Germany112251
Law and Finance, Transparency Lab

Gendered Network Structures and Careers

Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul Seabright2013Professional networks, gender wage gap, executive compensation, social networks, trust 122211
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. Whitehead2013Corporate Governance, Financial Institutions, Management Compensation, Moral Hazard, Ownership Structure, Say-on-pay112241

Current Research Team

ResearcherPosition
Adams, Renée 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
Steuer, Sebastian Research Assistant
Tröger, Tobias Senior Researcher
von Siemens, Ferdinand External Researcher, SAFE Fellow
Walz, Uwe Senior Researcher