Journal Publications

ZORA Publication List

Publications

• 2026

  • Gjerde, S., Sautner, Z., Wagner, A., & Wegerich, A. (2026). Corporate nature risk perceptions Review of Finance, 30, 11–42. https://doi.org/10.1093/rof/rfaf050
  • Garel, A., Romec, A., Sautner, Z., & Wagner, A. (2026). Firm-level nature dependence Review of Finance, 30, 231–272. https://doi.org/10.1093/rof/rfaf069

• 2025

  • Kolasa, T., & Sautner, Z. (2025). Institutional Investors and the Fight Against Climate Change Corporate Governance. An International Review, 33, 663–679. https://doi.org/10.1111/corg.12620
  • Sautner, Z. (2025). The Measurement and Pricing of Biodiversity Risk Accountability in a Sustainable World Quarterly, 3, 32–35. https://care-mendoza.nd.edu/accountability-in-a-sustainable-world-quarterly/volume-3-issue-2-march-2025/
  • Sautner, Z., Yu, J., Zhong, R., & Zhou, X. (2025). The EU Taxonomy and the Syndicated Loan Market Journal of Financial Services Research, online. https://doi.org/10.1007/s10693-024-00441-x

• 2024

  • Garel, A., Romec, A., Sautner, Z., & Wagner, A. (2024). Do investors care about biodiversity? Review of Finance, 28, 1151–1186. https://doi.org/10.1093/rof/rfae010
  • Krueger, P., Sautner, Z., Tang, D. Y., & Zhong, R. (2024). The Effects of Mandatory ESG Disclosure Around the World Journal of Accounting Research, 62, 1795–1847. https://doi.org/10.1111/1475-679x.12548
  • Cronqvist, H., Ladika, T., Pazaj, E., & Sautner, Z. (2024). Limited attention to detail in financial markets: Evidence from reduced-form and structural estimation Journal of Financial Economics, 154, 103811. https://doi.org/10.1016/j.jfineco.2024.103811
  • Hoepner, A. G. F., Oikonomou, I., Sautner, Z., Starks, L. T., & Zhou, X. Y. (2024). ESG Shareholder Engagement and Downside Risk Review of Finance, 28, 483–510. https://doi.org/10.1093/rof/rfad034

• 2023

  • Sautner, Z., van Lent, L., Vilkov, G., & Zhang, R. (2023). Pricing climate change exposure Management Science, 69, 7540–7561. https://doi.org/10.1287/mnsc.2023.4686
  • Ilhan, E., Krueger, P., Sautner, Z., & Starks, L. T. (2023). Climate risk disclosure and institutional investors Review of Financial Studies, 36, 2617–2650. https://doi.org/10.1093/rfs/hhad002
  • Sautner, Z., Van Lent, L., Vilkov, G., & Zhang, R. (2023). Firm‐level climate change exposure Journal of Finance, 78, 1449–1498. https://doi.org/10.1111/jofi.13219

• 2022

  • Karsten, C., Malmendier, U., & Sautner, Z. (2022). Lawyer expertise and contract Design - evidence from M&A negotiations Economic Journal, 132, 644–674. https://doi.org/10.1093/ej/ueab047

• 2021

  • Dasgupta, A., Fos, V., & Sautner, Z. (2021). Institutional investors and corporate governance Foundations and Trends in Finance, 12, 276–394. https://doi.org/10.1561/0500000056
  • Cremers, M., Pareek, A., & Sautner, Z. (2021). Short-term institutions, analyst recommendations, and mispricing: The role of higher order beliefs Journal of Accounting Research, 59, 911–958. https://doi.org/10.1111/1475-679X.12352
  • Ilhan, E., Sautner, Z., & Vilkov, G. (2021). Carbon tail risk Review of Financial Studies, 34, 1540–1571. https://doi.org/10.1093/rfs/hhaa071

• 2020

  • Cremers, M., Pareek, A., & Sautner, Z. (2020). Short-term investors, long-term investments, and firm value: Evidence from Russell 2000 index inclusions Management Science, 66, 4535–4551. https://doi.org/10.1287/mnsc.2019.3361
  • Krueger, P., Sautner, Z., & Starks, L. T. (2020). The importance of climate risks for institutional investors Review of Financial Studies, 33, 1067–1111. https://doi.org/10.1093/rfs/hhz137
  • Ladika, T., & Sautner, Z. (2020). Managerial short-termism and investment: Evidence from accelerated option vesting Review of Finance, 24, 305–344. https://doi.org/10.1093/rof/rfz012

• 2018

  • Jochem, T., Ladika, T., & Sautner, Z. (2018). The retention effects of unvested equity: Evidence from accelerated option vesting Review of Financial Studies, 31, 4142–4186. https://doi.org/10.1093/rfs/hhy017
  • Sautner, Z., & Vladimirov, V. (2018). Indirect costs of financial distress and bankruptcy law: Evidence from trade credit and sales Review of Finance, 22, 1667–1704. https://doi.org/10.1093/rof/rfx032
  • Iyer, R., & Sautner, Z. (2018). Contracting between Firms: Empirical Evidence The Review of Economics and Statistics, 100, 92–104. https://doi.org/10.1162/rest_a_00648

• 2017

  • Humphery‐Jenner, M., Sautner, Z., & Suchard, J. (2017). Cross‐border mergers and acquisitions: The role of private equity firms Strategic Management Journal, 38, 1688–1700. https://doi.org/10.1002/smj.2623

• 2016

  • McCahery, J. A., Sautner, Z., & Starks, L. T. (2016). Behind the scenes: the corporate governance preferences of institutional investors Journal of Finance, 71, 2905–2932. https://doi.org/10.1111/jofi.12393

• 2013

  • Arping, S., & Sautner, Z. (2013). Did sox section 404 make firms less opaque? Evidence from cross-listed firms Contemporary Accounting Research, 30, 1133–1165. https://doi.org/10.1111/j.1911-3846.2012.01188.x
  • Glaser, M., Lopez-De-Silanes, F., & Sautner, Z. (2013). Opening the black box: internal capital markets and managerial power Journal of Finance, 68, 1577–1631. https://doi.org/10.1111/jofi.12046

• 2011

  • Cremers, K. J. M., Huang, R., & Sautner, Z. (2011). Internal capital markets and corporate politics in a banking group Review of Financial Studies, 24, 358–401. https://doi.org/10.1093/rfs/hhq121

• 2010

  • Jostarndt, P., & Sautner, Z. (2010). Out-of-court restructuring versus formal bankruptcy in a non-interventionist bankruptcy setting Review of Finance, 14, 623–668. https://doi.org/10.1093/rof/rfp022
  • Arping, S., & Sautner, Z. (2010). Corporate governance and leverage: evidence from a natural experiment Finance Research Letters, 7, 127–134. https://doi.org/10.1016/j.frl.2010.02.003

• 2009

  • Sautner, Z., & Weber, M. (2009). How do managers behave in stock option plans? Clinical evidence from exercise and survey data The Journal of Financial Research, 32, 123–155. https://doi.org/10.1111/j.1475-6803.2009.01245.x

• 2008

  • Jostarndt, P., & Sautner, Z. (2008). Financial distress, corporate control, and management turnover Journal of Banking and Finance, 32, 2188–2204. https://doi.org/10.1016/j.jbankfin.2007.12.040