Josef Zechner

Vienna University of Economics and Business

Prof.

Welthandelsplatz 1

Vienna, Wien A-1019

Austria

  • Vienna University of Economics and Business

SCHOLARLY PAPERS

33

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42,867

SSRN CITATIONS
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SSRN RANKINGS

Top 2,116

in Total Papers Citations

113

CROSSREF CITATIONS

405

Scholarly Papers (33)

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1.

Optimal Capital Allocation Using RAROC and EVA

Downloads 24,034 ( 89)
Citation 34

Optimal Capital Allocation Using RAROC and EVA

Journal of Financial Intermediation, Forthcoming
Number of pages: 44 Posted: 11 Sep 1998
Neal Stoughton and Josef Zechner
Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 23,973 (86)
Citation 18

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capital, allocation, risk, management, equity

Optimal Capital Allocation Using Raroc and Eva

CEPR Discussion Paper No. 4169
Number of pages: 37 Posted: 19 Jan 2004
Neal Stoughton and Josef Zechner
Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 61 (372,092)
Citation 9
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2.

Low Risk Anomalies?

Downloads 3,204 ( 3,440)
Citation 13

Low Risk Anomalies?

Journal of Finance, Forthcoming, Swiss Finance Institute Research Paper No. 19-50
Number of pages: 113 Posted: 13 Apr 2015 Last Revised: 28 Sep 2019
Paul Schneider, Christian Wagner and Josef Zechner
University of Lugano - Institute of Finance, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 2,574 (4,881)
Citation 8

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low risk anomaly, coskewness, skewness, risk premia, equity options

Low Risk Anomalies?

CFS Working Paper, No. 550
Number of pages: 71 Posted: 26 Oct 2016 Last Revised: 11 Jan 2018
Paul Schneider, Christian Wagner and Josef Zechner
University of Lugano - Institute of Finance, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 630 (42,353)
Citation 6

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Low risk anomaly, skewness, credit risk, risk premia, equity options

3.

The Dynamics of Capital Allocation

EFA 0328; AFA 2001 New Orleans
Number of pages: 34 Posted: 16 Dec 2000
Neal Stoughton and Josef Zechner
Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 2,050 (7,268)
Citation 3

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4.

The Cross-Section of Credit Risk Premia and Equity Returns

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 12 Jul 2011 Last Revised: 12 Apr 2015
Nils Friewald, Christian Wagner and Josef Zechner
Norwegian School of Economics (NHH), WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 1,702 (9,944)
Citation 7

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equity returns, default risk, credit risk premia, credit default swaps, cross-sectional asset pricing

5.

The Geography of Equity Listing: Why Do European Companies List Abroad?

EFA 0171
Number of pages: 59 Posted: 24 Mar 2000
Marco Pagano, Ailsa Röell and Josef Zechner
University of Naples Federico II - Department of Economics and Statistics, Columbia University, School of International and Public Affairs and Vienna University of Economics and Business
Downloads 1,382 (13,858)
Citation 31

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6.

Corporate Debt Maturity Profiles

Downloads 1,374 ( 14,015)
Citation 14

Corporate Debt Maturity Profiles

Number of pages: 45 Posted: 30 Nov 2011 Last Revised: 30 Aug 2017
Jaewon Choi, Dirk Hackbarth and Josef Zechner
University of Illinois at Urbana-Champaign - Department of Finance, Boston University - Department of Finance & Economics and Vienna University of Economics and Business
Downloads 1,374 (13,724)
Citation 3

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Capital Structure, Debt Structure, Debt Maturity

Corporate Debt Maturity Profiles

CEPR Discussion Paper No. DP12289
Number of pages: 48 Posted: 11 Sep 2017
Jaewon Choi, Dirk Hackbarth and Josef Zechner
University of Illinois at Urbana-Champaign - Department of Finance, Boston University - Department of Finance & Economics and Vienna University of Economics and Business
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Citation 5
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Capital Structure, Debt Maturity, Debt Structure

7.

Leverage Dynamics over the Business Cycle

AFA 2012 Chicago Meetings Paper
Number of pages: 61 Posted: 15 Feb 2011 Last Revised: 24 Nov 2015
Michael Halling, Jin Yu and Josef Zechner
Stockholm School of Economics & Swedish House of Finance, Monash University -Department of Banking and Finance and Vienna University of Economics and Business
Downloads 1,037 (21,351)
Citation 22

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Empirical Corporate Finance, Capital Structure Dynamics, Business Cycle Variation

8.

Credit Risk and Dynamic Capital Structure Choice

Downloads 975 ( 23,442)
Citation 27

Credit Risk and Dynamic Capital Structure Choice

EFA 2001 Barcelona Meetings
Number of pages: 28 Posted: 05 Jul 2001
Thomas Dangl and Josef Zechner
Vienna University of Technology and Vienna University of Economics and Business
Downloads 921 (25,027)
Citation 3

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Credit Risk and Dynamic Capital Structure Choice

CEPR Discussion Paper No. 4132
Number of pages: 30 Posted: 03 Jan 2004
Thomas Dangl and Josef Zechner
Vienna University of Technology and Vienna University of Economics and Business
Downloads 54 (395,332)
Citation 3
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9.

Intermediated Investment Management

Journal of Finance, Vol. 66, No. 3, pp. 947-980, 2011, EFA 2007 Ljubljana Meetings Paper, AFA 2009 San Francisco Meetings Paper
Number of pages: 47 Posted: 25 Mar 2008 Last Revised: 18 Mar 2012
Neal Stoughton, Youchang Wu and Josef Zechner
Vienna University of Economics and Business, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business
Downloads 895 (26,517)
Citation 3

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investment management, intermediation, investment adviser, kickback

10.

Debt Maturity and the Dynamics of Leverage

Downloads 867 ( 27,736)
Citation 20

Debt Maturity and the Dynamics of Leverage

Number of pages: 49 Posted: 06 Mar 2005 Last Revised: 28 Jun 2016
Thomas Dangl and Josef Zechner
Vienna University of Technology and Vienna University of Economics and Business
Downloads 545 (51,115)
Citation 11

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debt maturity, optimal capital structure choice

Debt Maturity and the Dynamics of Leverage

CFS Working Paper, No. 547
Number of pages: 52 Posted: 25 Oct 2016 Last Revised: 11 Jan 2018
Thomas Dangl and Josef Zechner
Vienna University of Technology and Vienna University of Economics and Business
Downloads 322 (96,447)
Citation 11

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debt maturity, optimal capital structure choice

11.

Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers

EFA 2006 Zurich Meetings Paper, AFA 2008 New Orleans Meetings Paper
Number of pages: 45 Posted: 23 Mar 2005 Last Revised: 27 Nov 2008
Russ Wermers, Youchang Wu and Josef Zechner
University of Maryland - Robert H. Smith School of Business, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business
Downloads 826 (29,708)
Citation 12

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Closed-end fund, manager turnover, discount

12.

Financial Media, Price Discovery, and Merger Arbitrage

CFS WP No. 551
Number of pages: 88 Posted: 26 Oct 2016 Last Revised: 27 Sep 2017
Matthias M. M. Buehlmaier and Josef Zechner
The University of Hong Kong and Vienna University of Economics and Business
Downloads 751 (33,833)
Citation 2

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Financial Media, Merger Arbitrage, Hedge Funds, Market Efficiency, Mergers and Acquisitions

13.

Market Discipline and Internal Governance in the Mutual Fund Industry

Downloads 401 ( 75,587)
Citation 9

Market Discipline and Internal Governance in the Mutual Fund Industry

University of Vienna, Department of Finance Working Paper No. 2004-3, AFA 2006 Boston Meetings Paper
Number of pages: 39 Posted: 07 Feb 2005
Thomas Dangl, Youchang Wu and Josef Zechner
Vienna University of Technology, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business
Downloads 280 (112,395)
Citation 4

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mutual funds, portfolio management, governance, market discipline

Market Discipline and Internal Governance in the Mutual Fund Industry

Review of Financial Studies, Forthcoming
Number of pages: 51 Posted: 22 Jun 2006
Thomas Dangl, Youchang Wu and Josef Zechner
Vienna University of Technology, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business
Downloads 121 (241,396)
Citation 5

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mutual funds, portfolio management, governance, market discipline

Market Discipline and Internal Governance in the Mutual Fund Industry

The Review of Financial Studies, Vol. 21, Issue 5, pp. 2307-2343, 2008
Posted: 19 Sep 2008
Thomas Dangl, Youchang Wu and Josef Zechner
Vienna University of Technology, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business

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G11, G23, G30

14.

Risk Control in Asset Management: Motives and Concepts

Downloads 380 ( 80,354)
Citation 2

Risk Control in Asset Management: Motives and Concepts

Number of pages: 35 Posted: 23 Mar 2014
Thomas Dangl, Otto Randl and Josef Zechner
Vienna University of Technology, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 268 (117,705)
Citation 1

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risk management, marginal risk contributions, downside risk, parameter uncertainty, model uncertainty

Risk Control in Asset Management: Motives and Concepts

CFS Working Paper, No. 546
Number of pages: 38 Posted: 19 Oct 2016 Last Revised: 18 Jan 2018
Thomas Dangl, Otto Randl and Josef Zechner
Vienna University of Technology, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 112 (255,566)
Citation 1

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15.

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

Downloads 365 ( 84,289)
Citation 8

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

Review of Financial Studies, Forthcoming
Number of pages: 60 Posted: 21 Nov 2012 Last Revised: 04 Jul 2016
Youchang Wu, Russ Wermers and Josef Zechner
University of Oregon - Lundquist College of Business, University of Maryland - Robert H. Smith School of Business and Vienna University of Economics and Business
Downloads 330 (93,855)
Citation 3

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closed-end fund, closed-end fund discount, portfolio manager, managerial rent

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

CFS Working Paper, No. 548
Number of pages: 63 Posted: 26 Oct 2016 Last Revised: 11 Jan 2018
Youchang Wu, Russ Wermers and Josef Zechner
University of Oregon - Lundquist College of Business, University of Maryland - Robert H. Smith School of Business and Vienna University of Economics and Business
Downloads 35 (472,283)
Citation 8

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G23, G34

16.

Where is the Market? Evidence from Cross-Listings

Downloads 354 ( 87,265)
Citation 20

Where is the Market? Evidence from Cross-Listings

EFA 2004 Maastricht Meetings Paper No. 4399
Number of pages: 29 Posted: 23 Jun 2004
Michael Halling, Marco Pagano, Otto Randl and Josef Zechner
University of Vienna - Department of Business Engineering, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 334 (92,590)
Citation 10

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trading volume, cross-listing, flow-back

Where is the Market? Evidence from Cross-Listings

CEPR Discussion Paper No. 4987
Number of pages: 34 Posted: 05 Aug 2005
Michael Halling, Marco Pagano, Otto Randl and Josef Zechner
University of Vienna - Department of Business Engineering, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 20 (559,971)
Citation 1
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Trading volume, cross-listing, flow-back

17.

Market Implied Costs of Bankruptcy

Number of pages: 57 Posted: 12 Sep 2013 Last Revised: 07 Jul 2017
Johann Reindl, Neal Stoughton and Josef Zechner
BI Norwegian Business School, Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 333 (93,849)
Citation 6

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bankruptcy costs, capital structure, default, equity prices

18.

Sovereign Bond Risk Premiums

Number of pages: 53 Posted: 09 Jun 2013
Engelbert J. Dockner, Manuel Mayer and Josef Zechner
WU Vienna University of Economics and Business (deceased), Oesterreichische Nationalbank (OeNB) and Vienna University of Economics and Business
Downloads 280 (112,975)
Citation 3

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Bond risk premiums, market and credit risk factors, financial repression

19.

Lessons Learned from Student Managed Portfolios

Journal of Investment Management, Forthcoming
Number of pages: 35 Posted: 25 Oct 2014 Last Revised: 03 Jul 2018
Stephan Kranner, Neal Stoughton and Josef Zechner
Vienna University of Economics and Business, Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 251 (126,634)
Citation 1

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student funds, portfolio management, behavioral finance

20.

Where is the Market? Evidence from Cross-Listings in the U.S.

Number of pages: 39 Posted: 14 Mar 2006
Michael Halling, Marco Pagano, Otto Randl and Josef Zechner
Stockholm School of Economics & Swedish House of Finance, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 207 (152,741)
Citation 8

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cross-listing, trading volume, trade creation

21.

The Maturity Premium

Number of pages: 52 Posted: 13 Nov 2018 Last Revised: 16 Jan 2020
Maria Chaderina, Patrick Weiss and Josef Zechner
University of Oregon - Lundquist College of Business, Vienna Graduate School of Finance (VGSF) and Vienna University of Economics and Business
Downloads 206 (153,445)

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maturity, value premium, debt overhang, cross-section of stock returns, CAPM

22.

Granularity of Corporate Debt

Number of pages: 46 Posted: 20 Oct 2017 Last Revised: 25 Oct 2017
Jaewon Choi, Dirk Hackbarth and Josef Zechner
University of Illinois at Urbana-Champaign - Department of Finance, Boston University - Department of Finance & Economics and Vienna University of Economics and Business
Downloads 176 (177,137)
Citation 6

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Capital Structure, Debt Structure, Debt Maturity

23.

Valuation and Long-Term Growth Expectations

Number of pages: 60 Posted: 03 Dec 2019
Angel Tengulov, Josef Zechner and Jeffrey Zwiebel
Vanderbilt University - Owen Graduate School of Management, Vienna University of Economics and Business and Stanford Graduate School of Business
Downloads 166 (186,338)

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Valuation, Terminal Value, Long-Term Growth Rates, Market Efficiency

24.

Human Capital, Bankruptcy and Capital Structure

NBER Working Paper No. w13014
Number of pages: 39 Posted: 06 Apr 2007 Last Revised: 25 Jul 2010
Jonathan Berk, Richard Stanton and Josef Zechner
Stanford Graduate School of Business, University of California, Berkeley - Haas School of Business and Vienna University of Economics and Business
Downloads 139 (216,009)
Citation 14

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25.

The Cross-Section and Time Series of Corporate Bond Returns

Number of pages: 3 Posted: 17 Aug 2010
Arne Westerkamp and Josef Zechner
Vienna University of Economics and Business - Department of Accounting and Finance and Vienna University of Economics and Business
Downloads 127 (231,889)

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Corporate bond pricing, asset pricing

26.

The Stability of Dividends and Wages: Effects of Competitor Inflexibility

CFS Working Paper, No. 549, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 563/2018
Number of pages: 55 Posted: 26 Oct 2016 Last Revised: 27 Jan 2020
Daniel A. Rettl, Alex Stomper and Josef Zechner
University of Georgia - Department of Banking and Finance, Humboldt University of Berlin - School of Business and Economics and Vienna University of Economics and Business
Downloads 111 (255,965)

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risk-sharing within firms, payout stability, wage stability, competitor inflexibility

27.

Liquidity and Feasible Debt Relief

EFA 2009 Bergen Meetings Paper
Number of pages: 45 Posted: 20 Feb 2009
Josef Zechner and Chris Hennessy
Vienna University of Economics and Business and London Business School
Downloads 106 (264,337)

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Liquidity, Debt, Restructuring

28.

Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation

Downloads 73 (333,791)

Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation

Number of pages: 32 Posted: 09 Jun 2016
Otto Randl and Josef Zechner
WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 43 (436,885)

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Sovereign debt, reputation, retroactive legislation

Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation

CFS Working Paper, No. 545
Number of pages: 35 Posted: 18 Oct 2016
Otto Randl and Josef Zechner
WU Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 30 (497,803)

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29.

The Dynamics of Corporate Debt Structure

Swedish House of Finance Research Paper No. 20-3
Number of pages: 50 Posted: 02 Dec 2019 Last Revised: 21 Feb 2020
Michael Halling, Jin Yu and Josef Zechner
Stockholm School of Economics & Swedish House of Finance, Monash University -Department of Banking and Finance and Vienna University of Economics and Business
Downloads 51 (399,226)

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corporate debt structure dynamics, debt concentration, business cycle variation, cluster analysis

30.

Equilibrium Policy Portfolios When Some Assets are Non-Tradable

Number of pages: 35 Posted: 09 Jan 2019 Last Revised: 31 Jan 2019
Otto Randl, Arne Westerkamp and Josef Zechner
WU Vienna University of Economics and Business, Vienna University of Economics and Business - Department of Accounting and Finance and Vienna University of Economics and Business
Downloads 44 (424,442)

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asset allocation, policy portfolios, non-tradable assets

31.

Where is the Market? Evidence from Cross-Listings in the United States

Review of Financial Studies, Vol. 21, Issue 2, pp. 725-761, 2008
Posted: 26 Jun 2008
Michael Halling, Marco Pagano, Otto Randl and Josef Zechner
Stockholm School of Economics & Swedish House of Finance, University of Naples Federico II - Department of Economics and Statistics, WU Vienna University of Economics and Business and Vienna University of Economics and Business

Abstract:

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G15, G30

32.

The Geography of Equity Listing: Why Do Companies List Abroad?

The Journal of Finance, Vol. 57, pp. 2651-2694, 2002
Posted: 06 Jun 2003
Marco Pagano, Ailsa Röell and Josef Zechner
University of Naples Federico II - Department of Economics and Statistics, Columbia University, School of International and Public Affairs and Vienna University of Economics and Business

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33.

Ipos and Product Quality

Journal of Business
Posted: 12 Oct 2000
Neal Stoughton, Kit Pong Wong and Josef Zechner
Vienna University of Economics and Business, University of Hong Kong and Vienna University of Economics and Business

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