Rüdiger Fahlenbrach

Ecole Polytechnique Fédérale de Lausanne

Swiss Finance Institute Professor

Quartier UNIL-Dorigny

Extranef 211

1015 Lausanne, CH-1015

Switzerland

http://https://www.epfl.ch/labs/sfi-rf/

Swiss Finance Institute

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

27

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Rank 1,528

SSRN RANKINGS

Top 1,528

in Total Papers Downloads

31,590

SSRN CITATIONS
Rank 929

SSRN RANKINGS

Top 929

in Total Papers Citations

1,158

CROSSREF CITATIONS

335

Scholarly Papers (27)

1.
Downloads 6,533 ( 1,916)
Citation 127

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 6,221 (2,058)
Citation 100

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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: 25 Jan 2023
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 312 (161,256)

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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 Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 1,829 (15,395)

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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 Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 209 (240,868)
Citation 15

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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: 30 Jun 2023
Rüdiger Fahlenbrach, Angie Low and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Nanyang Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 125 (372,701)
Citation 4

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How Valuable is Financial Flexibility When Revenue Stops? Evidence from the COVID-19 Crisis

Fisher College of Business Working Paper No. 2020-03-007, Charles A. Dice Working Paper No. 2020-07, Swiss Finance Institute Research Paper No. 20-37
Number of pages: 62 Posted: 05 Jun 2020 Last Revised: 19 Oct 2020
Rüdiger Fahlenbrach, Kevin Rageth and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 1,890 (14,601)
Citation 6

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COVID-19, financial flexibility, cash holdings, leverage, short-term debt, stock returns, CDS premiums

How Valuable is Financial Flexibility When Revenue Stops? Evidence from the Covid-19 Crisis

NBER Working Paper No. w27106
Number of pages: 62 Posted: 12 May 2020 Last Revised: 26 Jul 2023
Rüdiger Fahlenbrach, Kevin Rageth and René Stulz
Ecole Polytechnique Fédérale de Lausanne, Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Fisher College of Business
Downloads 115 (396,732)
Citation 81

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4.

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 1,810 (15,881)
Citation 50

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Founder-CEOs, managerial characteristics, corporate behavior

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
Board of Governors of the Federal Reserve System, Ecole Polytechnique Fédérale de Lausanne, Harvard Business School - Finance Unit and Yale School of Management
Downloads 1,623 (18,492)

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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: 29 Aug 2022
Jennifer Dlugosz, Rüdiger Fahlenbrach, Paul A. Gompers and Andrew Metrick
Board of Governors of the Federal Reserve System, Ecole Polytechnique Fédérale de Lausanne, Harvard Business School - Finance Unit and Yale School of Management
Downloads 119 (386,879)
Citation 16

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6.
Downloads 1,713 (17,343)
Citation 12

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
Chapman University - The George L. Argyros School of Business & Economics and Ecole Polytechnique Fédérale de Lausanne
Downloads 1,713 (17,051)
Citation 12

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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
Chapman University - The George L. Argyros School of Business & Economics and Ecole Polytechnique Fédérale de Lausanne

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G31, G32, G34, G35

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 1,709 (17,098)
Citation 28

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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

8.

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 1,655 (18,268)
Citation 54

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Corporate Governance; Institutional Ownership; Monitoring; Index Reconstitutions

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 1,297 (25,865)
Citation 62

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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 Last Revised: 23 Jul 2023
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 72 (539,283)
Citation 1

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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
Chapman University - The George L. Argyros School of Business & Economics and Ecole Polytechnique Fédérale de Lausanne
Downloads 1,318 (25,731)
Citation 6

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LBOs, employment contracts, contracting theory, executive compensation

11.
Downloads 1,157 (31,196)
Citation 36

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 1,099 (33,006)
Citation 1

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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 2022
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance
Downloads 58 (605,091)
Citation 8

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12.

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

Swiss Finance Institute Research Paper No. 15-65
Number of pages: 67 Posted: 01 Jan 2016 Last Revised: 09 Aug 2022
Matthias Efing, Rüdiger Fahlenbrach, Christoph Herpfer and Philipp Krueger
HEC Paris - Finance Department, Ecole Polytechnique Fédérale de Lausanne, University of Virginia, Darden School and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 1,076 (34,523)
Citation 5

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13.

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 Business School, Nanyang Technological University and Ohio State University (OSU) - Department of Finance
Downloads 979 (39,445)
Citation 34

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

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, Chapman University - The George L. Argyros School of Business & Economics and Ecole Polytechnique Fédérale de Lausanne
Downloads 888 (44,550)
Citation 7

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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 Last Revised: 12 Jul 2023
Bo Becker, Henrik Cronqvist and Rüdiger Fahlenbrach
Stockholm School of Economics, Chapman University - The George L. Argyros School of Business & Economics and Ecole Polytechnique Fédérale de Lausanne
Downloads 55 (621,139)

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Why Are Firms With More Managerial Ownership Worth Less?

Journal of Financial Economics (JFE), Forthcoming, 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: 17 Sep 2020
University of Bern, Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Department of Finance and Babson College
Downloads 782 (53,024)

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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 Last Revised: 10 Apr 2022
Kornelia Fabisik, Rüdiger Fahlenbrach, René Stulz and Jérôme Taillard
University of Bern, Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Fisher College of Business and Babson College
Downloads 27 (814,511)

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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 643 (68,651)

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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 Last Revised: 11 May 2023
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 32 (773,244)
Citation 13

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Downloads 659 (67,363)

The Unicorn Puzzle

Fisher College of Business Working Paper No. 2022-03-012, Charles A. Dice Center Working Paper No. 2022-12, Swiss Finance Institute Research Paper No. 22-80, European Corporate Governance Institute – Finance Working Paper No. 857/2022
Number of pages: 70 Posted: 24 Oct 2022 Last Revised: 16 Feb 2023
Daria Davydova, Rüdiger Fahlenbrach, Leandro Sanz and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne, Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 647 (68,067)

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Unicorns, Scale and Scope, Venture Capital, Private vs. Public, Organizational Capital

The Unicorn Puzzle

NBER Working Paper No. w30604
Number of pages: 70 Posted: 31 Oct 2022 Last Revised: 14 Apr 2023
Daria Davydova, Rüdiger Fahlenbrach, Leandro Sanz and René Stulz
Ecole Polytechnique Fédérale de Lausanne, Ecole Polytechnique Fédérale de Lausanne, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Fisher College of Business
Downloads 12 (959,729)
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18.

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 632 (71,103)
Citation 35

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

19.

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 affiliation not provided to SSRN
Downloads 556 (83,435)
Citation 9

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Initial Coin Offering, FinTech, Individual Investors

20.

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 501 (94,852)
Citation 5

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

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 368 (134,822)
Citation 7

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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 Last Revised: 08 Feb 2023
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 32 (773,244)

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22.

Greening the Swiss National Bank's Portfolio

Swiss Finance Institute Research Paper No. 21-59
Number of pages: 52 Posted: 19 Aug 2021 Last Revised: 27 Apr 2023
Rüdiger Fahlenbrach and Eric Jondeau
Ecole Polytechnique Fédérale de Lausanne and University of Lausanne - Faculty of Business and Economics (HEC Lausanne)
Downloads 399 (124,029)
Citation 1

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Central bank policy portfolio, portfolio carbon footprint, decarbonized �nancial investment, Network for Greening the Financial System (NGFS).

23.

CEO Networks and the Labor Market for Directors

Swiss Finance Institute Research Paper No. 18-28, 31st Australasian Finance and Banking Conference 2018
Number of pages: 56 Posted: 21 Mar 2018 Last Revised: 08 Mar 2020
Rüdiger Fahlenbrach, Hyemin Kim and Angie Low
Ecole Polytechnique Fédérale de Lausanne, Hanyang University and Nanyang Business School, Nanyang Technological University
Downloads 296 (171,550)
Citation 2

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board of directors, network connections, director labor market, CEO rolodex

24.

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 268 (189,933)

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

25.

Corporate Contributions to Ballot Measure Campaigns: Real Effects and Valuation

Swiss Finance Institute Research Paper No. 21-23
Number of pages: 57 Posted: 10 Mar 2021 Last Revised: 17 Jul 2023
Rüdiger Fahlenbrach, Alexei V. Ovtchinnikov and Philip Valta
Ecole Polytechnique Fédérale de Lausanne, HEC Paris - Finance Department and University of Bern
Downloads 223 (227,350)

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Ballot initiatives, Direct democracy, Corporate political contributions, Real effects

26.

What explains changes to the LBO debt market post financial crisis?

Posted: 11 Dec 2022 Last Revised: 28 Mar 2023
Rüdiger Fahlenbrach, Sophie-Dorothee Rotermund and Sascha Steffen
Ecole Polytechnique Fédérale de Lausanne, Frankfurt School of Finance & Management and Frankfurt School of Finance & Management

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Leveraged buyouts; Private equity; Hung deals; Loan growth; Bank performance

27.

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