Publications

ZORA Publication List

Publications

• 2024

  • Haq, Mamiza; Ongena, Steven; Pu, Juying; Tan, Eric K M (2024). Do banks engage in earnings management? The role of dividends and institutional factors. Journal of Banking and Finance, 168:107287.
  • Kara, Alper; Ongena, Steven; Yildiz, Yilmaz (2024). Does being a responsible bank pay off? Evidence from the COVID-19 pandemic. Journal of Financial Stability, 74:101317.
  • Durrani, Agha; Ongena, Steven; Ponte Marques, Aurea (2024). Decoding market reactions: The certification role of EU-wide stress tests. Economic Modelling, 139:106828.
  • Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Scheidegger, Simon (2024). Can today’s and tomorrow’s world uniformly gain from carbon taxation?. European Economic Review, 168:104819.
  • Newton, David P; Ongena, Steven; Xie, Ru; Zhao, Binru (2024). Firm ESG reputation risk and debt choice. European financial management, 30(4):2071-2094.
  • Iwata, Tsuyoshi; Weibel, Marc (2024). Enhancing Equity Factor Model with Publicly Reported ESG Data. Journal of Impact and ESG Investing, 5(1):122-147.
  • Muccione, Veruska; Vaghefi, Saeid Ashraf; Bingler, Julia; Allen, Simon K; Kraus, Mathias; Gostlow, Glen; Wekhof, Tobias; Colesanti-Senni, Chiara; Stammbach, Dominik; Ni, Jingwei; Schimanski, Tobias; Yu, Tingyu; Wang, Qian; Huggel, Christian; Luterbacher, Juerg; Biesbroek, Robbert; Leippold, Markus (2024). Integrating artificial intelligence with expert knowledge in global environmental assessments: opportunities, challenges and the way ahead. Regional Environmental Change, 24(3):121.
  • Kübler, Felix; Polemarchakis, Herakles (2024). Identification in general equilibrium. Journal of Mathematical Economics, 113:103017.
  • Delis, Manthos D; de Greiff, Kathrin; Iosifidi, Maria; Ongena, Steven (2024). Being stranded with fossil fuel reserves? Climate policy risk and the pricing of bank loans. Financial markets, institutions & instruments, 33(3):239-265.
  • Coculescu, Delia; Motte, Mederic; Pham, Huyen (2024). Opinion dynamics in communities with major influencers and implicit social influence via mean-field approximation. Mathematics and Financial Economics, 18(2-3):333-377.
  • Farkas, Walter; Lucescu, Patrick (2024). Modeling Risk Sharing and Impact on Systemic Risk. Mathematics, 12(13):2083.
  • Bingler, Julia Anna; Kraus, Mathias; Leippold, Markus; Webersinke, Nicolas (2024). How cheap talk in climate disclosures relates to climate initiatives, corporate emissions, and reputation risk. Journal of Banking and Finance, 164:107191.
  • Bressan, Giacomo; Đuranović, Anja; Monasterolo, Irene; Battiston, Stefano (2024). Asset-level assessment of climate physical risk matters for adaptation finance. Nature Communications, 15:5371.
  • Garel, Alexandre; Romec, Arthur; Sautner, Zacharias; Wagner, Alexander (2024). Do investors care about biodiversity?. Review of Finance, 28(4):1151-1186.
  • Puschmann, Thomas; Khmarskyi, Valentyn (2024). Green fintech: developing a research agenda. CSR, Sustainability, Ethics & Governance, 31(4):2823-2837.
  • Puschmann, Thomas; Halimi, Engjull (2024). FinTech services from BigTech companies. Systems research and behavioral science:Epub ahead of print.
  • Basten, Christoph; Ongena, Steven (2024). Mortgage lending through a fintech web platform. The roles of competition, diversification, and automation. Journal of Banking and Finance, 163:107194.
  • Filippini, Massimo; Leippold, Markus; Wekhof, Tobias (2024). Sustainable finance literacy and the determinants of sustainable investing. Journal of Banking and Finance, 163:107167.
  • Danisewicz, Piotr; Ongena, Steven (2024). Fiscal transfers, local government, and entrepreneurship. Journal of Policy Analysis and Management, 43(3):818-845.
  • Mamatzakis, Emmanuel; Ongena, Steven; Patel, Pankaj C; Tsionas, Mike (2024). A Bayesian policy learning model of COVID-19 non-pharmaceutical interventions. Applied Economics, 56(25):2990-3010.
  • Scolobig, Anna; Santos, Maria João; Willemin, Rémi; Kock, Richard; Battiston, Stefano; Petchey, Owen; Rohrer, Mario; Stoffel, Markus (2024). Learning from COVID-19: A roadmap for integrated risk assessment and management across shocks of pandemics, biodiversity loss, and climate change. Environmental Science & Policy, 155:103726.
  • Koch-Medina, Pablo; Munari, Cosimo (2024). Qualitative robustness of utility-based risk measures. Annals of Operations Research, 336(1-2):967-980.
  • Fasnacht, Daniel; Proba, Daniel (2024). Leveraging inter-organizational agility for innovation. Strategy & leadership, 52(1):15-22.
  • Abedifar, Pejman; Kashizadeh, Seyed Javad; Ongena, Steven (2024). Flood, farms and credit: The role of branch banking in the era of climate change. Journal of Corporate Finance, 85:102544.
  • Moreno, Antonio; Ongena, Steven; Ventula Veghazy, Alexia; Wagner, Alexander F (2024). “Long GFC”? The global financial crisis, health care, and COVID‐19 deaths. Economic Inquiry, 62(2):865-891.
  • Cronqvist, Henrik; Ladika, Tomislav; Pazaj, Elisa; Sautner, Zacharias (2024). Limited attention to detail in financial markets: Evidence from reduced-form and structural estimation. Journal of Financial Economics, 154:103811.
  • Hałaj, Grzegorz; Martinez-Jaramillo, Serafin; Battiston, Stefano (2024). Financial stability through the lens of complex systems. Journal of Financial Stability, 71:101228.
  • Alessi, Lucia; Battiston, Stefano; Kvedaras, Virmantas (2024). Over with carbon? Investors’ reaction to the Paris Agreement and the US withdrawal. Journal of Financial Stability, 71:101232.
  • Colesanti Senni, Chiara; Goel, Skand; von Jagow, Adrian (2024). Economic and financial consequences of water risks: The case of hydropower. Ecological Economics, 218:108048.
  • Hoepner, Andreas G F; Oikonomou, Ioannis; Sautner, Zacharias; Starks, Laura T; Zhou, Xiao Y (2024). ESG Shareholder Engagement and Downside Risk. Review of Finance, 28(2):483-510.
  • Ongena, Steven (2024). Which banks for green growth? A review and a tentative research agenda. Journal of Sustainable Finance and Accounting, 1:100001.
  • Puschmann, Thomas; Huang-Sui, Marine (2024). A taxonomy for decentralized finance. International Review of Financial Analysis, 92:103083.
  • Schimanski, Tobias; Reding, Andrin; Reding, Nico; Bingler, Julia; Kraus, Mathias; Leippold, Markus (2024). Bridging the gap in ESG measurement: Using NLP to quantify environmental, social, and governance communication. Finance Research Letters, 61:104979.
  • Gropp, Reint; Mosk, Thomas; Ongena, Steven; Simac, Ines; Wix, Carlo (2024). Supranational Rules, National Discretion: Increasing versus Inflating Regulatory Bank Capital?. Journal of Financial and Quantitative Analysis, 59(2):830-862.
  • Coculescu, Delia; Visentin, Gabriele (2024). A default system with overspilling contagion. Frontiers of Mathematical Finance, 3(1):127-162.
  • Epper, Thomas F; Fehr-Duda, Helga (2024). Risk in Time: The Intertwined Nature of Risk Taking and Time Discounting. Journal of the European Economic Association, 22(1):310-354.
  • Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven (2024). Leverage ratio, risk-based capital requirements, and risk-taking in the United Kingdom. Financial markets, institutions & instruments, 33(1):31-60.
  • Andrieş, Alin Marius; Chiper, Alexandra Maria; Ongena, Steven; Sprincean, Nicu (2024). External wealth of nations and systemic risk. Journal of Financial Stability, 70:101192.
  • Fasnacht, Daniel; Straube, Christian (2024). Quantum computing as an enabling technology for the next business cycle. HMD Praxis der Wirtschaftsinformatik, 61(1):284-298.
  • Folini, Doris; Friedl, Aleksandra; Kübler, Felix; Scheidegger, Simon (2024). The Climate in Climate Economics. Review of Economic Studies:rdae011.
  • Kölbel, Julian; Leippold, Markus; Rillaerts, Jordy; Wang, Qian (2024). Ask BERT: How Regulatory Disclosure of Transition and Physical Climate Risks affects the CDS Term Structure. Journal of Financial Econometrics, 22(1):30-69.
  • Cornelli, Giulio; Doerr, Sebastian; Gambacorta, Leonardo; Merrouche, Ouarda (2024). Regulatory Sandboxes and Fintech Funding: Evidence from the UK. Review of Finance, 28(1):203-233.
  • Ceccarelli, Marco; Ramelli, Stefano; Wagner, Alexander (2024). Low carbon mutual funds. Review of Finance, 28(1):45-74.
  • Li, Xiaoyang; Feng, Haoming; Yang, Hailong; Huang, Jiyuan (2024). Can ChatGPT reduce human financial analysts’ optimistic biases?. Economic and Political Studies, 12(1):20-33.
  • Albertazzi, Ugo; Fringuellotti, Fulvia; Ongena, Steven (2024). Fixed rate versus adjustable rate mortgages: Evidence from euro area banks. European Economic Review, 161:104643.
  • Keil, Jan; Ongena, Steven (2024). The demise of branch banking - Technology, consolidation, bank fragility. Journal of Banking and Finance, 158:107038.

• 2023

  • Gibson Brandon, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, Alexander F (2023). Earnings Management and the Role of Moral Values in Investing. European Accounting Review:Epub ahead of print.
  • Andraszewicz, Sandra; Kaszás, Dániel; Zeisberger, Stefan; Hölscher, Christoph (2023). The influence of upward social comparison on retail trading behaviour. Scientific Reports, 13(1):22713.
  • Vaghefi, Saeid Ashraf; Stammbach, Dominik; Muccione, Veruska; Bingler, Julia; Ni, Jingwei; Kraus, Mathias; Allen, Simon; Colesanti-Senni, Chiara; Wekhof, Tobias; Schimanski, Tobias; Gostlow, Glen; Yu, Tingyu; Wang, Qian; Webersinke, Nicolas; Huggel, Christian; Leippold, Markus (2023). ChatClimate: Grounding conversational AI in climate science. Communications Earth & Environment, 4:480.
  • Puschmann, Thomas; Quattrocchi, Dario (2023). Decreasing the impact of climate change in value chains by leveraging sustainable finance. Journal of Cleaner Production, 429:139575.
  • De Haas, Ralph; Lu, Liping; Ongena, Steven (2023). Close competitors? Bilateral bank competition and spatial variation in firms’ access to credit. Journal of Economic Geography, 23(6):1237-1271.
  • Ongena, Steven; Paraschiv, Florentina; Reite, Endre J (2023). Counteroffers and Price Discrimination in Mortgage Lending. Journal of Empirical Finance, 74:101431.
  • D’Ercole, Francesco; Wagner, Alexander F (2023). The green energy transition and the 2023 Banking Crisis. Finance Research Letters, 58:104493.
  • Leippold, Markus; Yang, Hanlin (2023). Mixed-Frequency Predictive Regressions. Journal of Forecasting, 42(8):1955-1972.
  • Sautner, Zacharias; van Lent, Laurence; Vilkov, Grigory; Zhang, Ruishen (2023). Pricing climate change exposure. Management Science, 69(12):7540-7561.
  • Mamatzakis, Emmanuel; Ongena, Steven; Tsionas, Mike G (2023). Why do households repay their debt in UK during the COVID-19 crisis?. Journal of Economic Studies, 50(8):1789-1823.
  • Braggion, Fabio; Von Meyerinck, Felix; Schaub, Nic (2023). Inflation and Individual Investors' Behavior: Evidence from the German Hyperinflation. Review of Financial Studies, 36(12):5012-5045.
  • Custodio, Claudia; Ferreira, Miguel; Garcia-Appendini, Emilia (2023). Indirect Costs of Financial Distress. Review of Finance, 27(6):2233-2270.
  • Hager, Diego M; Nitschka, Thomas (2023). Responses of Swiss interest rates and stock prices to ECB policy surprises. Swiss Journal of Economics and Statistics = Schweizerische Zeitschrift für Volkswirtschaft und Statistik, 159:13.
  • Barth, Andreas; Laturnus, Valerie; Mansouri, Sasan; Wagner, Alexander (2023). Conflicted Analysts and Initial Coin Offerings. Management Science, 69(11):6641-6666.
  • Akyildirim, Erdinc; Cepni, Oguzhan; Corbet, Shaen; Uddin, Gazi Salah (2023). Forecasting mid-price movement of Bitcoin futures using machine learning. Annals of Operations Research, 330(1-2):553-584.
  • Böhnke, Victoria; Ongena, Steven; Paraschiv, Florentina; Reite, Endre J (2023). Back to the roots of internal credit risk models: Does risk explain why banks' risk-weighted asset levels converge over time?. Journal of Banking and Finance, 156:106992.
  • Weingärtner, Tim; Fasser, Fabian; Reis Sá da Costa, Pedro; Farkas, Walter (2023). Deciphering DeFi: A Comprehensive Analysis and Visualization of Risks in Decentralized Finance. Journal of Risk and Financial Management, 16(10):454.
  • Strauß, Nadine; Krakow, Jonathan; Chesney, Marc (2023). It’s the News, Stupid! The Relationship Between News Attention, Literacy, Trust, Greenwashing Perceptions and Sustainable Finance Investment in Switzerland. Journal of Sustainable Finance & Investment, 13(4):1480-1505.
  • Basten, Christoph; Mariathasan, Mike (2023). Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of central bank reserves. Journal of Financial Stability, 68:101160.
  • Nistor, Simona; Ongena, Steven (2023). The Impact of Policy Interventions on Systemic Risk across Banks. Journal of Financial Services Research, 64(2):155-206.
  • Arce, Oscar; García-Posada, Miguel; Mayordomo, Sergio; Ongena, Steven (2023). Bank lending policies and monetary policy: some lessons from the negative interest era. Economic Policy, 38(116):899-941.
  • Doerr, Sebastian; Kabaş, Gazi; Ongena, Steven (2023). Population Aging and Bank Risk-Taking. Journal of Financial and Quantitative Analysis:1-25.
  • Kubler, Felix; Scheidegger, Simon (2023). Uniformly self-justified equilibria. Journal of Economic Theory, 212:105707.
  • Eichholtz, Piet; Ongena, Steven; Simeth, Nagihan; Yönder, Erkan (2023). Banks, non-banks, and the incorporation of local information in CMBS loan pricing. Journal of Banking and Finance, 154:106918.
  • Eugster, Patrick; Uhl, Matthias W (2023). Technical analysis: Novel insights on contrarian trading. European financial management, 29(4):1160-1190.
  • Fenneman, Achiel; Janssen, Dirk-Jan; Nolte, Sven; Zeisberger, Stefan (2023). Nomen est omen? How and when company name fluency affects return expectations. PLoS ONE, 18(8):e0287995.
  • Basten, Christoph; Juelsrud, Ragnar (2023). Cross-Selling in Bank-Household Relationships: Mechanisms and Implications for Pricing. Review of Financial Studies:Epub ahead of print.
  • Hoyer, Karlijn; Zeisberger, Stefan; Breugelmans, Seger M; Zeelenberg, Marcel (2023). A culture of greed: Bubble formation in experimental asset markets with greedy and non-greedy traders. Journal of Economic Behavior & Organization, 212:32-52.
  • Geng, Runjie; Kubler, Felix (2023). Stochastic overlapping generations with non-convex budget sets. Journal of Mathematical Economics, 107:102866.
  • Leippold, Markus (2023). Sentiment spin: Attacking financial sentiment with GPT-3. Finance Research Letters, 55(B):103957.
  • Beck, Elliot; De Nard, Gianluca; Wolf, Michael (2023). Improved inference in financial factor models. International Review of Economics and Finance, 86:364-379.
  • Bachmann, Kremena; Hens, Thorsten; Lot, Andre; Xu, Xiaogeng (2023). Experimental research on retirement decision-making: evidence from replications. Journal of Banking and Finance, 152:106851.
  • Ilhan, Emirhan; Krueger, Philipp; Sautner, Zacharias; Starks, Laura T (2023). Climate risk disclosure and institutional investors. Review of Financial Studies, 36(7):2617-2650.
  • Evstigneev, Igor V; Hens, Thorsten; Javad Vanaei, Mohammad (2023). Evolutionary Finance: A model with endogenous asset payoffs. Journal of Bioeconomics, 25:117-143.
  • Bedendo, Mascia; Garcia-Appendini, Emilia; Siming, Linus (2023). Managers' cultural origin and corporate response to an economic shock. Journal of Corporate Finance, 80:102412.
  • Sautner, Zacharias; Van Lent, Laurence; Vilkov, Grigory; Zhang, Ruishen (2023). Firm‐level climate change exposure. Journal of Finance, 78(3):1449-1498.
  • Fuhrer, Adrian; Hock, Thorsten (2023). Uncertainty in the black-litterman model: empirical estimation of the equilibrium. Journal of Empirical Finance, 72:251-275.
  • Huang, Winifred; Molyneux, Philip; Ongena, Steven; Xie, Ru (2023). The new challenges of global banking and finance. The European journal of finance, 29(7):693-699.
  • Ongena, Steven; Delis, Manthos D; Dioikitopoulos, Evangelos V (2023). Population diversity and financial risk-taking. Journal of Banking and Finance, 151:106852.
  • Crépellière, Tommy; Pelster, Matthias; Zeisberger, Stefan (2023). Arbitrage in the market for cryptocurrencies. Journal of financial markets, 64:100817.
  • Akyildirim, Erdinc; Corbet, Shaen; Tiniç, Murat; Sensoy, Ahmet (2023). Adverse selection in cryptocurrency markets. The journal of financial research, 46(2):497-546.
  • Huber, Christoph; Dreber, Anna; Huber, Jürgen; Johannesson, Magnus; Kirchler, Michael; Weitzel, Utz; Abellán, Miguel; Adayeva, Xeniya; Ay, Fehime Ceren; Barron, Kai; Berry, Zachariah; Bönte, Werner; Brütt, Katharina; Bulutay, Muhammed; Campos-Mercade, Pol; Cardella, Eric; Claassen, Maria Almudena; Cornelissen, Gert; Dawson, Ian G J; Delnoij, Joyce; Demiral, Elif E; Dimant, Eugen; Doerflinger, Johannes Theodor; Dold, Malte; Emery, Cécile; Fiala, Lenka; Fiedler, Susann; Freddi, Eleonora; Fries, Tilman; Zeisberger, Stefan (2023). Competition and moral behavior: A meta-analysis of forty-five crowd-sourced experimental designs. Proceedings of the National Academy of Sciences of the United States of America, 120(23):e22155721.
  • Anderson, David R; Ulrych, Urban (2023). Accelerated American option pricing with deep neural networks. Quantitative Finance and Economics, 7(2):207-228.
  • Leippold, Markus (2023). Thus spoke GPT-3: Interviewing a large-language model on climate finance. Finance Research Letters, 53:103617.
  • Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven (2023). On-Site inspecting zombie lending. Management Science, 69(5):2547-3155.
  • Hediger, Simon; Näf, Jeffrey; Paolella, Marc S; Polak, Pawel (2023). Heterogeneous Tail Generalized Common Factor Modeling. Digital Finance, 5:389-420.
  • Heeb, Florian; Kölbel, Julian F; Paetzold, Falko; Zeisberger, Stefan (2023). Do investors care about impact?. Review of Financial Studies, 36(5):1737-1787.
  • Schmocker, David; Tanner, Carmen; Katsarov, Johannes; Christen, Markus (2023). Moral sensitivity in business: A revised measure. Current Psychology, 42(12):10277-10291.
  • Hausfeld, Jan; Renerte, Baiba; Twardawski, Torsten (2023). Male and overconfident groups overinvest due to inflated perceived ability to beat the odds. Frontiers in behavioral economics, 2:1111317.
  • Paolella, Marc S; Polak, Paweł (2023). Density and Risk Prediction with Non-Gaussian COMFORT Models. Annals of Financial Economics, 18(01):2250033.
  • Burietz, Aurore; Ongena, Steven; Picault, Matthieu (2023). Taxing banks leverage and syndicated lending: A cross-country comparison. International Review of Law and Economics, 73:106103.
  • Cornelli, Giulio; Frost, Jon; Gambacorta, Leonardo; Rau, P Raghavendra; Wardrop, Robert; Ziegler, Tania (2023). Fintech and big tech credit: drivers of the growth of digital lending. Journal of Banking and Finance, 148:106742.
  • Riahi, Monireh; Kubler, Felix; Basiri, Abdolali; Rahmany, Sajjad (2023). Efficient Calculation of all Steady States in large-scale overlapping generations models. Journal of Mathematics and Modeling in Finance, 3(1):15-48.
  • Brumm, Johannes; Grill, Michael; Kubler, Felix; Schmedders, Karl (2023). Re-use of collateral: Leverage, volatility, and welfare. Review of Economic Dynamics, 47:19-46.
  • Garcia-Appendini, Emilia; Gatti, Stefano; Nocera, Giacomo (2023). Does asset encumbrance affect bank risk? Evidence from covered bonds. Journal of Banking and Finance, 146:106705.
  • Accetturo, Antonio; Barboni, Giorgia; Cascarano, Michele; Garcia-Appendini, Emilia (2023). The role of culture in firm-bank matching. Journal of Financial Intermediation, 53:101018.
  • Benincasa, Emanuela; Kabas, Gazi; Ongena, Steven (2023). Uncoordinated climate policies: Implications for cross-border lending. econpol Forum, 24(1):28-30.
  • Efing, Matthias; Hau, Harald; Kampkötter, Patrick; Rochet, Jean-Charles (2023). Bank bonus pay as a risk sharing contract. Review of Financial Studies, 36(1):235-280.
  • Kok, Christoffer; Müller, Carola; Ongena, Steven; Pancaro, Cosimo (2023). The disciplining effect of supervisory scrutiny in the EU-wide stress test. Journal of Financial Intermediation, 53:101015.
  • Akyildirim, Erdinc; Nguyen, Duc Khuong; Sensoy, Ahmet; Sikic, Mario (2023). Forecasting high‐frequency excess stock returns via data analytics and machine learning. European financial management, 29(1):22-75.
  • Fasnacht, Daniel (2023). Demokratisierung im Gesundheitswesen: Dezentrale Gesundheitsdaten. Schweizerische Ärztezeitung (SÄZ), 48(104):25.
  • Fu, Jonathan; Krauss, Annette (2023). Preparing fertile ground: how does the quality of business environments affect MSE growth?. Small Business Economics:online.
  • Mamatzakis, Emmanuel C; Ongena, Steven; Tsionas, Mike G (2023). The response of household debt to COVID-19 using a neural networks VAR in OECD. Empirical Economics, 65:65-91.
  • Qi, Shusen; Hui, Kent Ngan-Cheung; Ongena, Steven (2023). Inter-industry FDI spillovers from foreign banks: Evidence in transition economies. Financial Management, 52(1):97-126.
  • Aevoae, George-Marian; Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu (2023). ESG and systemic risk. Applied Economics, 55(27):3085-3109.
  • Vargas, Carlos; Chesney, Marc (2023). What are you waiting to invest in grid-connected residential photovoltaics in California?. Journal of Sustainable Finance & Investment, 13(1):660-677.

Pagination