Prof. Dr. Christina E. Bannier
 
 

Working Papers

The sustainability trap: Active fund managers between ESG investing and fund overpricing (with Y. Bofinger, K. Heyden and B. Rock)

The role of financial literacy and confidence for entrepreneurship, (with Carolin Schürg and Milena Schwarz) 

Summarization in Financial Disclosures: Determinants and Effects of Prospectus Summaries (with Daniel Blaseg), link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3502154 

Doing Safe by Doing Good: Non-Financial Reporting and the Risk Effects of Corporate Social Responsibility (with Yannik Bofinger and Björn Rock), link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3378469

Learning from the Bad Guys– What Investors Learn from Error Announcements over Time (with Corinna Ewelt-Knauer, Fabienne Hermann and Mohamed Khaled) 

Corporate Ethics Programs -  Reducing risks or wasting money? Insights from the perspective of investors (with Anastasia Bauer, Yannik Bofinger and Corinna Ewelt-Knauer), link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3382084 

What could possibly go wrong? Predictable misallocation in simple debt repayment experiments (with Florian Gärtner and Darwin Semmler), link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3710493

The symmetry and asymmetry of bidder and target termination fees in acquisitions (with Corinna Ewelt-Knauer, Mohamed Khaled and Philipp Kölling) 

The Annual General Meeting revisited: CEO speeches and stock returns (with Thomas Pauls and Andreas Walter), link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2869785


Publications

Corporate social responsibility and credit risk (with Yannik Bofinger and Björn Rock) 2021, Finance Research Letters, https://doi.org/10.1016/j.frl.2021.102052

Effekte guter Corporate Governance - Die Rolle unternehmerischer Transparenz (with Julia Redenius-Hövermann), 2020, Zeitschrift für Corporate Governance, 06/2020, 246-252.

Differentiation and Risk Aversion in Imperfectly Competitive Labor Markets (with Eberhard Feess, Natalie Packham and Markus Walzl), 2020, Journal of Institutional and Theoretical Economics, forthcoming.

Benford's law and its application to detecting financial fraud and manipulation, 2020 (with Corinna Ewelt-Knauer, Johannes Lips and Peter Winker), in Carol Alexander und Douglas Cumming (Hrsg.): Corruption and Fraud in Financial Markets, Wiley, 473-504.

Rating Changes and Portfolio Flows: Evidence from Active and Passive Funds (with Thomas Heyden and Peter Tillmann), 2019, Economics Letters, 178, 37-45. 

The gender gap in “Bitcoin literacy” (with Tobias Meyll, Florian Röder and Andreas Walter), 2019, Journal of Behavioral and Experimental Finance, 22, 129-134. 

The Glass Cliff Myth - Evidence from Germany and the UK (with Myriam Bechtoldt and Björn Rock), 2019, Leadership Quarterly, 30(3), 273-297.

Content analysis of business-specific text documents: Introducing a German dictionary (with Thomas Pauls and Andreas Walter), 2019, Journal of Business Economics, 89(1), 79-123. 

Gender- and education-related effects of financial literacy and confidence on financial wealth (with Milena Schwarz), 2018, Journal of Economic Psychology, 67, 66-86. 

Cash-flow sensitivities of interdependent corporate decisions - The role of financial constraints and hedging needs (with Carolin Schürg), 2018, Credit and Capital Markets, 51(2), 259-292. 

Finanzwissen und Vorsorgesparverhalten (with Dennis Sinzig), 2018, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung, 70(3), 243-275. 

Gender differences in financial risk taking: The role of financial literacy and risk tolerance (with Milena Neubert), 2016, Economics Letters, 145,  130-135. 

Bewertungsmethoden in der Projektfinanzierung Erneuerbarer Energien – Realoptionsanalyse vs. Kapitalwertmethode, 2016, Zeitschrift für betriebswirtschaftliche Forschung, 68(1), 75-110. 

Characteristics and development of corporate and sovereign CDS (with Heinz Vogel and Tom Heidorn), 2014, Journal of Risk Finance, 15(5), 482-509. 

SMEs’ growth heterogeneity – Evidence from regional developments (with Sabrina Zahn), 2014, International Journal of Business Administration, 5(2),  23-49. 

Competition, bonuses, and risk-taking in the banking industry (with Eberhard Feess and Natalie Packham), 2013, Review of Finance, 17, 653-690. 

Are SMEs large firms en miniature? – Evidence from the growth of German SMEs (with Sabrina Zahn), 2012, International Journal of Entrepreneurship and Small Business, 17 (2), 220-248. 

The economic function of credit rating agencies - What does the watchlist tell us? (with Christian Hirsch), 2010, Journal of Banking and Finance,  34 (12), 3037-3049. 

Rating opaque borrowers: why are unsolicted ratings lower? (with Patrick Behr and André Güttler), 2010, Review of Finance, 14 (3), 263-294. 

Stabilität versus Aktualität - Wann sind stabile Agency-Ratings marktbasierten Bewertungen vorzuziehen?, 2010, Kredit und Kapital, Nr. 3/2010, 349-374. 

Is there a hold-up benefit in heterogeneous multiple bank financing?, 2010, Journal of Institutional and Theoretical Economics,  166(4), 641-661. 

Open-End Real Estate Funds in Germany – Genesis and Crisis (with Falko Fecht and Marcel Tyrell), 2008, Kredit und Kapital, Nr. 1/2008, 9-36. 

Heterogeneous multiple bank financing: does it reduce inefficient credit-renegotiation incidences?, 2007, Financial Markets and Portfolio Management, 21, 445-470. 

The Role of Information Disclosure and Uncertainty in the 1994/95 Mexican Peso Crisis: Empirical Evidence, 2006, Review of International Economics, 14(5), 883-909. 

Big Elephants in Small Ponds: Do Large Traders Make Financial Markets More Aggressive?, 2005, Journal of Monetary Economics, 52(8), 1517-1531. 

Optimal Transparency and Risk-Taking to Avoid Currency Crises (with Frank Heinemann), 2005, Journal of Institutional and Theoretical Economics, 161(3), 374-391. 

Private and Public Information in Self-Fulfilling Currency Crises, 2002, Journal of Economics, 76(1), 65-85.