Rüdiger Fahlenbrach

Ecole Polytechnique Fédérale de Lausanne

Swiss Finance Institute Associate Professor

Quartier UNIL-Dorigny

Extranef 211

1015 Lausanne, CH-1015

Switzerland

http://sfi.epfl.ch/fahlenbrach.html

Swiss Finance Institute

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

  • Ecole Polytechnique Fédérale de Lausanne

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    • Tel: ++41-21-693-0098
    • Fax: ++41-21-693-3010
SCHOLARLY PAPERS

22

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23,985

CITATIONS
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406

Scholarly Papers (22)

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1.

Bank CEO Incentives and the Credit Crisis

Downloads 6,116 ( 1,043)
Citation 50

Bank CEO Incentives and the Credit Crisis

Journal of Financial Economics (JFE), Forthcoming, Charles A Dice Center Working Paper No. 2009-13, Fisher College of Business Working Paper No. 2009-03-13, Swiss Finance Institute Research Paper No. 09-27, ECGI - Finance Working Paper No. 256/2009
Number of pages: 43 Posted: 28 Jul 2009 Last Revised: 27 Sep 2010
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 5,895 (1,099)
Citation 11

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Financial crisis, CEO compensation, CEO incentives, Insider trading

Bank CEO Incentives and the Credit Crisis

NBER Working Paper No. w15212
Number of pages: 34 Posted: 11 Aug 2009 Last Revised: 27 Jul 2010
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 221 (136,950)

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2.

Do Independent Director Departures Predict Future Bad Events?

Downloads 1,946 ( 7,493)
Citation 7

Do Independent Director Departures Predict Future Bad Events?

Fisher College of Business Working Paper No. 2010-03-007, Charles A. Dice Center Working Paper No. 2010-7, Swiss Finance Institute Research Paper No. 10-17, ECGI - Finance Working Paper No. 281/2010
Number of pages: 52 Posted: 12 Apr 2010 Last Revised: 18 Dec 2015
Rüdiger Fahlenbrach, Angie Low and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Nanyang Technological University - Division of Banking & Finance and Ohio State University (OSU) - Department of Finance
Downloads 1,701 (9,216)

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Director departures, reputational concerns, director monitoring

Do Independent Director Departures Predict Future Bad Events?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 281/2010
Number of pages: 57 Posted: 19 Mar 2016
Rüdiger Fahlenbrach, Angie Low and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Nanyang Technological University - Division of Banking & Finance and Ohio State University (OSU) - Department of Finance
Downloads 163 (181,434)
Citation 2

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Director departures, reputational concerns, director monitoring

The Dark Side of Outside Directors: Do They Quit When They are Most Needed?

NBER Working Paper No. w15917
Number of pages: 43 Posted: 19 Apr 2010 Last Revised: 21 Dec 2015
Rüdiger Fahlenbrach, Angie Low and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Nanyang Technological University - Division of Banking & Finance and Ohio State University (OSU) - Department of Finance
Downloads 82 (301,851)

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3.

Founder-Ceos, Investment Decisions, and Stock Market Performance

Dice Center Working Paper No. 2004-20, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Fisher College of Business Working Paper No. 2004-01-001
Number of pages: 51 Posted: 19 Oct 2004 Last Revised: 07 Aug 2008
Rüdiger Fahlenbrach
Ecole Polytechnique Fédérale de Lausanne
Downloads 1,630 (10,069)
Citation 8

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Founder-CEOs, managerial characteristics, corporate behavior

4.

Large Shareholders and Corporate Policies

Downloads 1,623 ( 10,139)
Citation 1

Large Shareholders and Corporate Policies

AFA 2007 Chicago Meetings Paper, Review of Financial Studies, Forthcoming, Fisher College of Business Working Paper No. 2006-03-004, EFA 2007 Ljubljana Meetings Paper, Charles A. Dice Center Working Paper No. 2006-14
Number of pages: 50 Posted: 16 Mar 2006 Last Revised: 11 Sep 2008
Henrik Cronqvist and Rüdiger Fahlenbrach
University of Miami - Department of Finance and Ecole Polytechnique Fédérale de Lausanne
Downloads 1,623 (9,953)
Citation 1

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Large shareholders, blockholders, corporate policies, firm performance

Large Shareholders and Corporate Policies

The Review of Financial Studies, Vol. 22, Issue 10, pp. 3941-3976, 2009
Posted: 28 Sep 2009
Henrik Cronqvist and Rüdiger Fahlenbrach
University of Miami - Department of Finance and Ecole Polytechnique Fédérale de Lausanne

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G31, G32, G34, G35

5.

Shareholder Rights, Boards, and CEO Compensation

Downloads 1,584 ( 10,550)
Citation 10

Shareholder Rights, Boards, and CEO Compensation

Charles A. Dice Center Working Paper No. 2008-5 and Fisher College of Business Working Paper No. 2008-03-004, Review of Finance, Forthcoming
Number of pages: 48 Posted: 08 May 2003 Last Revised: 07 Aug 2008
Rüdiger Fahlenbrach
Ecole Polytechnique Fédérale de Lausanne
Downloads 1,584 (10,351)
Citation 10

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Compensation, Corporate Governance, Governance Incentive Substitution

Shareholder Rights, Boards, and CEO Compensation

Review of Finance, Vol. 13, Issue 1, pp. 81-113, 2009
Posted: 17 Jan 2009
Rüdiger Fahlenbrach
Ecole Polytechnique Fédérale de Lausanne

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G32, G34, J33

6.

Large Blocks of Stock: Prevalence, Size, and Measurement

Downloads 1,459 ( 12,031)
Citation 62

Large Blocks of Stock: Prevalence, Size, and Measurement

Journal of Corporate Finance, pp. 594-618, June 2006
Number of pages: 29 Posted: 19 Jul 2004
Jennifer Dlugosz, Rüdiger Fahlenbrach, Paul A. Gompers and Andrew Metrick
Washington University in St. Louis - John M. Olin Business School, Ecole Polytechnique Fédérale de Lausanne, Harvard Business School - Finance Unit and Yale School of Management
Downloads 1,388 (12,782)
Citation 1

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Corporate governance, large shareholders, ownership

Large Blocks of Stock: Prevalence, Size, and Measurement

NBER Working Paper No. w10671
Number of pages: 29 Posted: 02 Sep 2004 Last Revised: 30 Aug 2010
Jennifer Dlugosz, Rüdiger Fahlenbrach, Paul A. Gompers and Andrew Metrick
Washington University in St. Louis - John M. Olin Business School, Ecole Polytechnique Fédérale de Lausanne, Harvard Business School - Finance Unit and Yale School of Management
Downloads 71 (328,654)

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7.

This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis

Downloads 1,259 ( 15,176)
Citation 40

This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis

Charles A. Dice Center Working Paper No. 2011-10 , Fisher College of Business Working Paper No. 2011-03-010, Swiss Finance Institute Research Paper No. 11-19, AFA 2012 Chicago Meetings Paper
Number of pages: 55 Posted: 07 Mar 2011 Last Revised: 12 Oct 2011
Rüdiger Fahlenbrach, Robert Prilmeier and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Tulane University - A.B. Freeman School of Business and Ohio State University (OSU) - Department of Finance
Downloads 1,205 (15,932)
Citation 2

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Financial crisis, systemic risk, bank returns, short-term funding, LTCM, Russian default

This Time is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis

NBER Working Paper No. w17038
Number of pages: 51 Posted: 16 May 2011
Rüdiger Fahlenbrach, Robert Prilmeier and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Tulane University - A.B. Freeman School of Business and Ohio State University (OSU) - Department of Finance
Downloads 54 (379,208)

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8.

Managerial Ownership Dynamics and Firm Value

Downloads 1,099 ( 18,678)
Citation 21

Managerial Ownership Dynamics and Firm Value

ECGI - Finance Working Paper No. 182/2007, Journal of Financial Economics (JFE), Forthcoming, Ohio State University, Fisher College of Business Working Paper No. 2007-03-013, Charles A. Dice Center Working Paper No. 2007-12
Number of pages: 49 Posted: 22 Jun 2007 Last Revised: 27 Sep 2010
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 1,058 (19,383)

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Firm valuation, director and officer ownership, ownership dynamics

Managerial Ownership Dynamics and Firm Value

NBER Working Paper No. w13202
Number of pages: 48 Posted: 03 Jul 2007 Last Revised: 30 Jul 2010
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 41 (426,979)
Citation 1

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9.

Do Exogenous Changes in Passive Institutional Ownership Affect Corporate Governance and Firm Value?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 20 Nov 2012 Last Revised: 18 Jul 2016
Cornelius Schmidt and Rüdiger Fahlenbrach
Norwegian School of Economics (NHH) - Department of Finance and Ecole Polytechnique Fédérale de Lausanne
Downloads 1,073 (19,358)
Citation 4

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Corporate Governance; Institutional Ownership; Monitoring; Index Reconstitutions

10.

CEO Contract Design: How Do Strong Principals Do It?

Journal of Financial Economics (JFE), Forthcoming, Swiss Finance Institute Research Paper No. 11-14
Number of pages: 44 Posted: 15 Mar 2011 Last Revised: 18 Dec 2012
Henrik Cronqvist and Rüdiger Fahlenbrach
University of Miami - Department of Finance and Ecole Polytechnique Fédérale de Lausanne
Downloads 1,015 (20,993)
Citation 2

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LBOs, employment contracts, contracting theory, executive compensation

11.

Estimating the Effects of Large Shareholders Using a Geographic Instrument

Downloads 889 ( 25,532)
Citation 2

Estimating the Effects of Large Shareholders Using a Geographic Instrument

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper, Fisher College of Business Working Paper No. 2008-03-008, Charles A. Dice Center Working Paper No. 2008-9, Robert Day School of Economics and Finance Research Paper No. 2009-13, Harvard Business School Finance Working Paper No. 1101012
Number of pages: 58 Posted: 03 Mar 2008 Last Revised: 27 Sep 2010
Bo Becker, Henrik Cronqvist and Rüdiger Fahlenbrach
Stockholm School of Economics, University of Miami - Department of Finance and Ecole Polytechnique Fédérale de Lausanne
Downloads 861 (26,225)
Citation 2

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Large shareholders, blockholders, corporate policies, firm performance, liquidity, instrumental variable estimation

Estimating the Effects of Large Shareholders Using a Geographic Instrument

NBER Working Paper No. w17393
Number of pages: 58 Posted: 21 Sep 2011
Bo Becker, Henrik Cronqvist and Rüdiger Fahlenbrach
Stockholm School of Economics, University of Miami - Department of Finance and Ecole Polytechnique Fédérale de Lausanne
Downloads 28 (487,953)

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12.

Why Do Firms Appoint CEOs as Outside Directors?

Fisher College of Business Working Paper No. 2008-03-009, Charles A. Dice Center for Research in Financial Economics Working Paper No. 2008-10
Number of pages: 59 Posted: 17 Jul 2008
Rüdiger Fahlenbrach, Angie Low and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Nanyang Technological University - Division of Banking & Finance and Ohio State University (OSU) - Department of Finance
Downloads 882 (25,795)
Citation 5

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Director independence, new director appointment, director influence, quiet life

13.

How Do Investors and Firms React to a Large Unexpected Currency Appreciation Shock?

Swiss Finance Institute Research Paper No. 15-65
Number of pages: 53 Posted: 01 Jan 2016 Last Revised: 10 Jul 2019
Matthias Efing, Rüdiger Fahlenbrach, Christoph Herpfer and Philipp Krueger
HEC Paris - Finance Department, Ecole Polytechnique Fédérale de Lausanne, Emory University - Goizueta Business School and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 812 (28,945)

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14.

Institutional Investors and Mutual Fund Governance: Evidence from Retail – Institutional Fund Twins

Review of Financial Studies, Forthcoming, Swiss Finance Institute Research Paper No. 11-31, Darden Business School Working Paper No. 1907149
Number of pages: 55 Posted: 09 Aug 2011 Last Revised: 18 Dec 2012
Richard B. Evans and Rüdiger Fahlenbrach
University of Virginia - Darden School of Business and Ecole Polytechnique Fédérale de Lausanne
Downloads 535 (50,495)
Citation 13

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Governance, Mutual funds, Institutional investors, Performance sensitivity, Identification

15.

Why Does Fast Loan Growth Predict Poor Performance for Banks?

Downloads 532 ( 50,852)
Citation 12

Why Does Fast Loan Growth Predict Poor Performance for Banks?

Charles A. Dice Center Working Paper No. 2016-7, Fisher College of Business Working Paper No. 2016-03-07, Swiss Finance Institute Research Paper No. 16-24
Number of pages: 58 Posted: 09 Mar 2016
Rüdiger Fahlenbrach, Robert Prilmeier and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Tulane University - A.B. Freeman School of Business and Ohio State University (OSU) - Department of Finance
Downloads 515 (52,395)

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Credit boom, loan growth, bank performance, bank returns, loan loss provisions

Why Does Fast Loan Growth Predict Poor Performance for Banks?

NBER Working Paper No. w22089
Number of pages: 58 Posted: 21 Mar 2016
Rüdiger Fahlenbrach, Robert Prilmeier and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Tulane University - A.B. Freeman School of Business and Ohio State University (OSU) - Department of Finance
Downloads 17 (556,520)
Citation 5

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16.

Former CEO Directors: Lingering CEOs or Valuable Resources?

Review of Financial Studies, Forthcoming, Fisher College of Business Working Paper No. 2007-03-004, Charles A. Dice Center Working Paper No. 2007-4, Swiss Finance Institute Research Paper No. 10-11
Number of pages: 62 Posted: 19 Mar 2007 Last Revised: 27 Sep 2010
Rüdiger Fahlenbrach, Bernadette A. Minton and Carrie H. Pan
Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Department of Finance and Santa Clara University - Department of Finance
Downloads 449 (62,947)
Citation 2

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CEO turnover, rehired CEO, former CEO, relative performance evaluation

17.

Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities

Downloads 323 ( 92,424)

Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities

Charles A. Dice Center Working Paper No. 2014-01, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 457/2015, Fisher College of Business Working Paper No. 2014-03-01, Swiss Finance Institute Research Paper No. 14-21
Number of pages: 59 Posted: 13 Mar 2014 Last Revised: 24 Dec 2015
Nicole M. Boyson, Rüdiger Fahlenbrach and René M. Stulz
Northeastern University - D’Amore-McKim School of Business, Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 314 (94,797)

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Regulatory arbitrage; bank capital requirements; quality of bank capital

Why Do Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities

NBER Working Paper No. w19984
Number of pages: 50 Posted: 24 Mar 2014
Nicole M. Boyson, Rüdiger Fahlenbrach and René M. Stulz
Northeastern University - D’Amore-McKim School of Business, Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 9 (610,522)

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18.

Why Are Firms With More Managerial Ownership Worth Less?

Downloads 308 ( 97,400)

Why Are Firms With More Managerial Ownership Worth Less?

Fisher College of Business Working Paper No. 2018-03-024, Charles A. Dice Center Working Paper No. 2018-24, Swiss Finance Institute Research Paper No. 18-75, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 587/2018
Number of pages: 64 Posted: 04 Dec 2018 Last Revised: 02 Jul 2019
Kornelia Fabisik, Rüdiger Fahlenbrach, René M. Stulz and Jérôme Taillard
Ecole Polytechnique Fédérale de Lausanne, Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Department of Finance and Babson College
Downloads 300 (99,644)

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Firm valuation, Director and officer ownership, Liquidity, Performance history

Why are Firms with More Managerial Ownership Worth Less?

NBER Working Paper No. w25352
Number of pages: 59 Posted: 11 Dec 2018
Kornelia Fabisik, Rüdiger Fahlenbrach, René Stulz and Jérôme Taillard
Ecole Polytechnique Fédérale de Lausanne, Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Fisher College of Business and Babson College
Downloads 8 (617,400)
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19.

Co-Movements of Index Options and Futures Quotes

Dice Center Working Paper Series No. 2005-10, Journal of Empirical Finance, Forthcoming
Number of pages: 27 Posted: 15 Apr 2005 Last Revised: 08 Aug 2008
Rüdiger Fahlenbrach and Patrik Sandas
Ecole Polytechnique Fédérale de Lausanne and University of Virginia
Downloads 252 (120,543)

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Options, Frictions, Market Microstructure, Stale Quotes, Market and Limit Orders

20.

The Importance of Network Recommendations in the Director Labor Market

Swiss Finance Institute Research Paper No. 18-28, 31st Australasian Finance and Banking Conference 2018
Number of pages: 51 Posted: 21 Mar 2018 Last Revised: 01 Nov 2018
Rüdiger Fahlenbrach, Hyemin Kim and Angie Low
Ecole Polytechnique Fédérale de Lausanne, Nanyang Technological University - Division of Banking & Finance and Nanyang Technological University - Division of Banking & Finance
Downloads 116 (237,691)
Citation 1

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board of directors, social connections, director labor market

21.

ICO Investors

Swiss Finance Institute Research Paper No. 19-37, European Corporate Governance Institute - Finance Working Paper No. 618/2019
Number of pages: 59 Posted: 15 Jul 2019 Last Revised: 01 Aug 2019
Rüdiger Fahlenbrach and Marc Frattaroli
Ecole Polytechnique Fédérale de Lausanne and Ecole Polytechnique Fédérale de Lausanne
Downloads 83 (296,870)

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Initial Coin Offering, FinTech, Individual Investors

22.

Essays on Corporate Governance

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 01 Dec 2009
Rüdiger Fahlenbrach
Ecole Polytechnique Fédérale de Lausanne

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Firm ownership, Firm performance, Founders, Operator ownership, Return on investment, Stock markets, Valuation, Boards of directors, Chief executive officers (CEOs), Firm governance