Rachel A.J. Pownall

Tilburg University - Department of Finance

P.O. Box 90153

Tilburg, 5000 LE

Netherlands

Maastricht University - Department of Finance

Maastricht, 6200 MD

Netherlands

SCHOLARLY PAPERS

37

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15,824

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24

CROSSREF CITATIONS

12

Scholarly Papers (37)

1.

Art as a Financial Investment

Number of pages: 50 Posted: 26 Feb 2020
Rachel A.J. Pownall
Tilburg University - Department of Finance
Downloads 4,244 (4,187)
Citation 1

Abstract:

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Alternative Investments, Portfolio Allocation, Risk management

2.

Asset Allocation in a Value-at-Risk Framework

Number of pages: 26 Posted: 03 Aug 1999
Ronald Huisman, Kees C. G. Koedijk and Rachel A.J. Pownall
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE), Tilburg University - Department of Finance and Tilburg University - Department of Finance
Downloads 2,672 (8,852)
Citation 9

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3.

An empirical analysis of price differences for male and female artists in the global art market

Bocart, F.Y.R.P., Gertsberg, M. & Pownall, R.A.J. An empirical analysis of price differences for male and female artists in the global art market. J Cult Econ (2021). https://doi.org/10.1007/s10824-020-09403-2
Number of pages: 23 Posted: 16 Feb 2020 Last Revised: 20 May 2021
Fabian Bocart, Marina Gertsberg and Rachel A.J. Pownall
Artnet Worldwide Corporation, The University of Melbourne and Tilburg University - Department of Finance
Downloads 1,556 (20,832)
Citation 11

Abstract:

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Art market, Auctions, Gender economics, Labour economics

4.

Art as an Alternative Asset Class

Maastricht University - LIFE Research Paper No. WP05-001
Number of pages: 34 Posted: 28 Feb 2005
Rachel A.J. Pownall
Tilburg University - Department of Finance
Downloads 1,308 (26,995)
Citation 1

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Alternative Asset Class, Art Investment, Portfolio Management, Risk Management, Conditional Correlation

5.

Emotional Assets and Investment Behavior

Number of pages: 27 Posted: 19 Feb 2009
Rachel A.J. Pownall, Kees C. G. Koedijk and Frans de Roon
Tilburg University - Department of Finance, Tilburg University - Department of Finance and Tilburg University - Department of Finance
Downloads 1,069 (36,176)
Citation 2

Abstract:

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Portfolio Management, Asset pricing, Consumption and Investment decisions

6.

Art-Backed Lending: Implied Spreads and Art Risk Management

Number of pages: 37 Posted: 26 Feb 2020
Rachel A.J. Pownall and Christian Wiehenkamp
Tilburg University - Department of Finance and affiliation not provided to SSRN
Downloads 772 (56,748)
Citation 1

Abstract:

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Art Market, Credit Default Swaps, Risk Management

7.

Merger and Acquisition Behavior in European Banking

Number of pages: 34 Posted: 10 Mar 2008 Last Revised: 11 Mar 2023
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 656 (70,222)

Abstract:

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Option-pricing model, Mergers and acquisitions, European banking industry

8.

Measuring Credit Spread Risk

ERIM Report Series Reference No. ERS-2002-95-F&A
Number of pages: 24 Posted: 26 Feb 2008
Rachel A.J. Pownall and Ronald Huisman
Tilburg University - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 546 (88,304)

Abstract:

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Market Risk, value-at-risk, extreme Value theory, parametric distributions, backtesting

9.

Measuring Credit Spread Risk: Incorporating the Tails

Number of pages: 24 Posted: 20 Jan 2003
Rachel A.J. Pownall and Ronald Huisman
Tilburg University - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 532 (91,493)

Abstract:

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Market risk, value-at-risk, extreme value theory, parametric distributions, backtesting

10.

Revisiting the Home Bias Puzzle: Downside Equity Risk

Journal of International Money and Finance, Vol. 26, No. 7, 2007
Number of pages: 37 Posted: 22 Sep 2005 Last Revised: 07 Apr 2011
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 304 (172,564)

Abstract:

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Asset Pricing, Home Bias, Downside Risk, Prospect Theory

11.

Aspirations, Well-Being, Risk-Aversion and Loss-Aversion

Number of pages: 30 Posted: 14 Mar 2012
Rachel A.J. Pownall, Kees C. G. Koedijk and Meir Statman
Tilburg University - Department of Finance, Tilburg University - Department of Finance and Santa Clara University - Department of Finance
Downloads 290 (181,323)
Citation 2

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subjective well-being, risk taking, loss-aversion, prospect theory, behavioral portfolio theory

12.

Diversification Meltdown or Just Fat Tails?

EFA 2006 Zurich Meetings
Number of pages: 38 Posted: 14 Jun 2006
Tilburg University - Department of Finance, Monash University - Department of Econometrics & Business Statistics, Tilburg University - Department of Finance and The University of Melbourne
Downloads 278 (189,313)

Abstract:

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Exceedance correlation, Truncated correlation, Bivariate Student-t correlation

13.

Market Evolution of Art Dealers

Number of pages: 51 Posted: 26 Feb 2020
Dakshina G. De Silva, Marina Gertsberg and Rachel A.J. Pownall
Lancaster University - Department of Economics, The University of Melbourne and Tilburg University - Department of Finance
Downloads 228 (230,240)
Citation 1

Abstract:

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Auctions, Art Dealers, Market Evolution, Reputation, Experts

14.

Going Green: Does it Depend on Education, Gender, or Income?

Number of pages: 28 Posted: 06 Feb 2012
Dakshina G. De Silva and Rachel A.J. Pownall
Lancaster University - Department of Economics and Tilburg University - Department of Finance
Downloads 192 (269,698)
Citation 7

Abstract:

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Irving Fisher, Expectational Errors and the Uip Puzzle

Number of pages: 33 Posted: 17 Mar 2007
Tilburg University - Department of Finance, Tilburg University - Department of Finance, Gabelli School of Business, Fordahm University and Tilburg University - Center for Economic Research, Econometrics and Finance Group
Downloads 157 (321,176)

Abstract:

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UIP, Irving Fisher, Expectations formation, Dynamic Latent Factor Model, Small-sample problems

Irving Fisher, Expectational Errors, and the UIP Puzzle

CEPR Discussion Paper No. DP6294
Number of pages: 46 Posted: 22 May 2008
Tilburg University - Department of Finance, Tilburg University - Department of Finance, Gabelli School of Business, Fordahm University and Tilburg University - Center for Economic Research, Econometrics and Finance Group
Downloads 7 (1,044,752)
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Expectations formation, Irving Fisher, small-sample problems, UIP

16.

Dealer Networks in the World of Art

Number of pages: 59 Posted: 26 Feb 2020
Lancaster University - Department of Economics, The University of Melbourne, University of Oklahoma - Department of Economics and Tilburg University - Department of Finance
Downloads 160 (315,841)
Citation 2

Abstract:

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Auctions, Art Dealers, Networks

Exposure to Bankers: Networks and Stock Market Participation

Number of pages: 31 Posted: 01 Nov 2015
Arian Borgers, Rachel A.J. Pownall and Louis Raes
Maastricht University, Tilburg University - Department of Finance and Tilburg University
Downloads 83 (512,907)
Citation 1

Abstract:

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Stock market participation, Networks, Household finance

Exposure to Bankers: Networks and Stock Market Participation

Number of pages: 31 Posted: 23 May 2016
Arian Borgers, Rachel A.J. Pownall and Louis Raes
Maastricht University, Tilburg University - Department of Finance and Tilburg University
Downloads 62 (605,758)
Citation 2

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Social Networks, Household Finance, Stock market Participation, Retirement Planning

18.

Irving Fisher, the UIP Puzzle and the 'Peso Problem'

Number of pages: 34 Posted: 05 Mar 2007
Tilburg University - Department of Finance, Tilburg University - Department of Finance, Gabelli School of Business, Fordahm University and Tilburg University - Center for Economic Research, Econometrics and Finance Group
Downloads 134 (364,306)

Abstract:

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UIP, Irving Fisher, Expectations formation, small-sample problems

19.

Irving Fisher and the Uip Puzzle: Meeting the Expectations a Century Later

ERIM Report Series Reference No. ERS-2007-088-F&A
Number of pages: 48 Posted: 29 Jan 2008
Tilburg University - Department of Finance, Tilburg University - Department of Finance, Gabelli School of Business, Fordahm University and Tilburg University - Center for Economic Research, Econometrics and Finance Group
Downloads 116 (405,784)

Abstract:

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Irving Fisher, UIP, PPP, inflation, interest rates, exchange rates

20.

Pensions and Investments: Social and Environmental Preferences of Beneficiaries, and Financial Illiteracy

Number of pages: 36 Posted: 04 Dec 2013
Arian Borgers and Rachel A.J. Pownall
Maastricht University and Tilburg University - Department of Finance
Downloads 87 (493,311)

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Social values, Fiduciary duty, Financial literacy, Pension funds

21.

Does Patience Pay? Empirical Testing of the Option to Delay Accepting a Tender Offer in the U.S. Banking Sector

Number of pages: 33 Posted: 10 Mar 2008 Last Revised: 14 Aug 2023
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 84 (504,130)

Abstract:

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Option-pricing model, Mergers and acquisitions, U.S. banking industry

22.

Empirical Evidence of Anchoring and Loss Aversion from Art Auctions

Journal of Cultural Economics (2022)
Number of pages: 29 Posted: 22 Aug 2022
Brandeis University - Department of Economics, Federal Reserve Bank of Cleveland , Cheung Kong Graduate School of Business, Art Market Consultancy and Tilburg University - Department of Finance
Downloads 80 (518,993)
Citation 1

Abstract:

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Anchoring, Loss Aversion

23.

Increased Correlation in Bear Markets: A Downside Risk Perspective

Number of pages: 26 Posted: 14 Feb 2002
Rachel A.J. Pownall, Kees C. G. Koedijk and Paul Kofman
Tilburg University - Department of Finance, Tilburg University - Department of Finance and The University of Melbourne
Downloads 60 (605,676)
Citation 1
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International equity markets, correlation, extreme returns, downside risk

24.

Merger & Acquisition Behavior in European Banking: Empirical Testing of the Option to Delay Accepting a Tender Offer

Number of pages: 34 Posted: 14 Mar 2006 Last Revised: 14 Aug 2023
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 57 (621,101)

Abstract:

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Option-pricing model, Mergers and acquisitions, European banking industry

25.

Millionaire Investors: Financial Advisors, Attribution Theory and Gender Differences

Number of pages: 44 Posted: 02 Sep 2021
Ylva Baeckström, Jo Silvester and Rachel A.J. Pownall
King's Business School, King's College London, City University London - The Business School and Tilburg University - Department of Finance
Downloads 41 (715,047)
Citation 2

Abstract:

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Portfolio choice, investment decisions, financial advice, risk-taking, gender

26.

The Value of Environmental and Social Performance in Industry Scandals: Evidence From ES Scandals in China

Number of pages: 34 Posted: 10 Apr 2023
Zhenshu Wu, Yi-Cheng Shih, Yao Wang and Rachel A.J. Pownall
Tilburg University, National Taipei University, Central University of Finance and Economics (CUFE) and Tilburg University - Department of Finance
Downloads 29 (803,644)

Abstract:

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ESG, Corporate scandals, Industry effect, Event study

27.

Surviving in the Marketplace: The Importance of Network Connectivity for Art Dealers

Number of pages: 7 Posted: 08 May 2023
Georgetown University, Lancaster University - Department of Economics, University of Oklahoma - Department of Economics and Tilburg University - Department of Finance
Downloads 8 (997,869)

Abstract:

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Auctions, Art dealers, Trading networks, Market exit

28.

Aspirations, Well-Being, Risk-Aversion and Loss-Aversion

CEPR Discussion Paper No. DP8904
Number of pages: 33 Posted: 04 Apr 2012
Kees C. G. Koedijk, Rachel A.J. Pownall and Meir Statman
Tilburg University - Department of Finance, Tilburg University - Department of Finance and Santa Clara University - Department of Finance
Downloads 5 (1,021,650)
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behavioural portfolio theory, loss-aversion, prospect theory, risk-taking, subjective well-being

29.

Repeat Sales Indexes: Estimation Without Assuming that Errors in Asset Returns are Independently Distributed

CEPR Discussion Paper No. DP7344
Number of pages: 40 Posted: 26 Aug 2009
Rachel A.J. Pownall, Kathryn Graddy and Jonathan H. Hamilton
Tilburg University - Department of Finance, Brandeis University - Department of Economics and University of Florida - Warrington College of Business Administration - Department of Economics
Downloads 4 (1,028,614)
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art, index, real estate, repeat sales

30.

Household Financial Planning and Savings Behavior

CEPR Discussion Paper No. DP11033
Number of pages: 25 Posted: 12 Jan 2016
Dirk Brounen, Kees C. G. Koedijk and Rachel A.J. Pownall
Erasmus University Rotterdam (EUR) - Department of Financial Management, Tilburg University - Department of Finance and Tilburg University - Department of Finance
Downloads 1 (1,049,575)
Citation 1
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consumption, intertemporal household choice, life cycle models and saving, wealth

31.

Reference Point Formation

CEPR Discussion Paper No. DP10823
Number of pages: 28 Posted: 16 Sep 2015
Tilburg University - Department of Finance, Tilburg University, Tilburg University - Department of Finance and Tilburg University
Downloads 1 (1,049,575)
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experiment, reference point

32.

Anchoring or Loss Aversion? Empirical Evidence from Art Auctions

CEPR Discussion Paper No. DP10048
Number of pages: 39 Posted: 25 Sep 2014
Brandeis University - Department of Economics, Federal Reserve Bank of Cleveland , Cheung Kong Graduate School of Business, Art Market Consultancy and Tilburg University - Department of Finance
Downloads 1 (1,049,575)
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anchoring, art auctions, endowment effect, loss aversion

33.

Repeat Sales Indexes: Estimation Without Assuming that Errors in Asset Returns are Independently Distributed

Real Estate Economics, 2011
Posted: 05 Oct 2010
Jonathan H. Hamilton, Rachel A.J. Pownall and Kathryn Graddy
University of Florida - Warrington College of Business Administration - Department of Economics, Tilburg University - Department of Finance and Brandeis University - Department of Economics

Abstract:

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repeat sales, heteroskedasticity, serial correlation

34.

Increased Correlation in Bear Markets

Posted: 22 Mar 2002
Kees C. G. Koedijk, Rachel A.J. Pownall and Paul Kofman
Tilburg University - Department of Finance, Tilburg University - Department of Finance and The University of Melbourne

Abstract:

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35.

Covariance and Correlation in International Equity Returns: A Value-at-Risk Approach

Erasmus University Rotterdam Working Paper No. 004
Posted: 16 Nov 2000
Rachel A.J. Pownall, Kees C. G. Koedijk and Paul Kofman
Tilburg University - Department of Finance, Tilburg University - Department of Finance and The University of Melbourne

Abstract:

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36.

Capturing Downside Risk in Financial Markets: The Case of the Asian Crisis

Working Paper No. 2
Posted: 04 Jan 2000
Rachel A.J. Pownall and Kees C. G. Koedijk
Tilburg University - Department of Finance and Tilburg University - Department of Finance

Abstract:

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37.

VAR Plus: Fat Tails in Financial Risk Management

Working Paper No. 98/51
Posted: 06 Oct 1998
Rachel A.J. Pownall, Kees C. G. Koedijk and Ronald Huisman
Tilburg University - Department of Finance, Tilburg University - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

Abstract:

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Other Papers (2)

Total Downloads: 1,198
1.

Art as an Alternative Asset Class

Number of pages: 34 Posted: 23 Mar 2005
Rachel A.J. Pownall
Tilburg University - Department of Finance
Downloads 951

Abstract:

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Alternative Asset Class, Art Investment, Portfolio Management, Risk Management, Conditional Correlation

2.

Emotional Assets

Number of pages: 35 Posted: 05 Mar 2008 Last Revised: 27 Oct 2012
Frans de Roon, Kees C. G. Koedijk and Rachel A.J. Pownall
Tilburg University - Department of Finance, Tilburg University - Department of Finance and Tilburg University - Department of Finance
Downloads 247

Abstract:

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Philanthropy, Asset allocation, art, wine, luxary goods markets