Marcus M. Opp

Stockholm School of Economics - Department of Finance

Associate Professor of Finance

SE-113 83 Stockholm

Sweden

Swedish House of Finance

Drottninggatan 98

111 60 Stockholm

Sweden

SCHOLARLY PAPERS

19

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Top 7,786

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7,619

SSRN CITATIONS
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SSRN RANKINGS

Top 6,136

in Total Papers Citations

89

CROSSREF CITATIONS

130

Scholarly Papers (19)

1.

Rating Agencies in the Face of Regulation

Journal of Financial Economics (JFE), Vol. 108, pp. 64-81, 2013, Chicago Booth Research Paper No. 13-05, Fama-Miller Working Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 33 Posted: 26 Jan 2010 Last Revised: 11 Aug 2020
Christian C. Opp, Marcus M. Opp and Milton Harris
University of Rochester - Simon Business School, Stockholm School of Economics - Department of Finance and University of Chicago - Finance
Downloads 3,156 (4,751)
Citation 36

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Financial Regulation, Rating Agencies, Certification, Dodd-Frank Act

2.
Downloads 1,091 ( 25,596)
Citation 13

A Theory of Socially Responsible Investment

Swedish House of Finance Research Paper No. 20-2
Number of pages: 49 Posted: 21 Oct 2019 Last Revised: 04 Nov 2020
Martin Oehmke and Marcus M. Opp
London School of Economics & Political Science (LSE) - Department of Finance and Stockholm School of Economics - Department of Finance
Downloads 1,090 (25,101)
Citation 17

Abstract:

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Socially responsible investing, ESG, SPI, capital allocation, sustainable investment, social ratings

A Theory of Socially Responsible Investment

Number of pages: 47 Posted: 29 Jan 2020
Martin Oehmke and Marcus M. Opp
London School of Economics & Political Science (LSE) - Department of Finance and Stockholm School of Economics - Department of Finance
Downloads 1 (837,250)
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capital allocation, ESG, social ratings, Socially responsible investing, SPI, sustainable investment

3.
Downloads 638 ( 53,318)
Citation 8

The Aggregate Demand for Bank Capital

Number of pages: 56 Posted: 19 Jul 2014 Last Revised: 14 May 2020
Milton Harris, Christian C. Opp and Marcus M. Opp
University of Chicago - Finance, University of Rochester - Simon Business School and Stockholm School of Economics - Department of Finance
Downloads 635 (52,997)
Citation 12

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Risk-taking, Credit-rationing, Composition of credit supply, Bank regulation, Bailouts, FDIC insurance

The Aggregate Demand for Bank Capital

Number of pages: 57 Posted: 28 Sep 2020 Last Revised: 18 Nov 2021
Milton Harris, Christian Opp and Marcus M. Opp
University of Chicago - Finance, University of Rochester and Stockholm School of Economics - Department of Finance
Downloads 3 (813,202)
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The Aggregate Demand for Bank Capital

Number of pages: 57 Posted: 25 Mar 2020
Milton Harris, Christian C. Opp and Marcus M. Opp
University of Chicago - Finance, University of Rochester - Simon Business School and Stockholm School of Economics - Department of Finance
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Bailouts, bank capital, Composition of credit, Credit rationing, Crowding out, Institutional asset pricing, Non-bank competition, Overinvestment

4.

Target Revaluation after Failed Takeover Attempts - Cash versus Stock

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 39 Posted: 15 Mar 2011 Last Revised: 05 Mar 2015
Ulrike Malmendier, Marcus M. Opp and Farzad Saidi
University of California, Berkeley - Department of Economics, Stockholm School of Economics - Department of Finance and Boston University - Questrom School of Business
Downloads 631 (54,109)
Citation 3

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mergers & acquisitions, synergies, misvaluation, revaluation, medium of exchange

5.
Downloads 456 ( 80,976)
Citation 8

Regulatory Reform and Risk-Taking: Replacing Ratings

Swedish House of Finance Research Paper No. 13-03
Number of pages: 44 Posted: 17 Jul 2013 Last Revised: 03 Sep 2014
Bo Becker and Marcus M. Opp
Stockholm School of Economics and Stockholm School of Economics - Department of Finance
Downloads 423 (87,744)
Citation 7

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Financial Regulation, Rating Agencies, Alternatives to Credit Ratings, Financial Crisis, Insurance Industry, Capital Regulation, Dodd-Frank Act

Regulatory Reform and Risk-Taking: Replacing Ratings

Number of pages: 45 Posted: 08 Aug 2013 Last Revised: 15 Aug 2021
Bo Becker and Marcus M. Opp
Stockholm School of Economics and Stockholm School of Economics - Department of Finance
Downloads 33 (579,537)
Citation 2

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6.

Expropriation Risk and Technology

Journal of Financial Economics (JFE), Vol. 103, No. 1, pp. 113-129, 2012
Number of pages: 17 Posted: 26 Jan 2010 Last Revised: 11 Nov 2011
Marcus M. Opp
Stockholm School of Economics - Department of Finance
Downloads 327 (118,364)

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Expropriation Risk, Foreign Direct Investment, Dynamic Contracting, Property Rights, Self-Enforcing Contracts, Principal-Agent Models, Political Risk

Only Time Will Tell: A Theory of Deferred Compensation

Swedish House of Finance Research Paper No. 19-4
Number of pages: 41 Posted: 09 Jan 2017 Last Revised: 30 Sep 2020
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 123 (290,006)
Citation 2

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Compensation design, duration of pay, moral hazard, persistence, principal-agent models, informativeness principle

Only Time Will Tell: A Theory of Deferred Compensation

SAFE Working Paper No. 218, Swedish House of Finance Research Paper No. 18-14
Number of pages: 41 Posted: 28 Aug 2018 Last Revised: 28 Sep 2020
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 69 (420,590)
Citation 6

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Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle

8.

Rybczynski's Theorem in the Heckscher-Ohlin World - Anything Goes

Journal of International Economics, Vol. 79, No. 1, 2009
Number of pages: 6 Posted: 23 Jan 2010
Stockholm School of Economics - Department of Finance, Stanford University - Department of Economics and Monash University - Department of Economics
Downloads 189 (203,420)

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Rybczynski theorem, Heckscher-Ohlin, Factor endowments, Immiserizing growth, Transfer paradox

The Economics of Deferral and Clawback Requirements: An Indirect Tax Approach to Compensation Regulation

Swedish House of Finance Research Paper No. 19-3
Number of pages: 49 Posted: 27 Jun 2013 Last Revised: 03 Oct 2021
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 169 (224,298)
Citation 7

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financial regulation, moral hazard, compensation design, clawbacks, bonus deferral, short-termism

Regulating Deferred Incentive Pay

Number of pages: 49 Posted: 02 Jun 2014
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
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Compensation design, Financial regulation, Principal-agent models

10.

Impatience vs. Incentives

Econometrica, Forthcoming
Number of pages: 16 Posted: 04 Nov 2012 Last Revised: 03 Mar 2015
Marcus M. Opp and John Zhu
Stockholm School of Economics - Department of Finance and University of Pennsylvania, The Wharton School, Finance Department
Downloads 155 (240,923)
Citation 5

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Oscillation, Cycles, Self-Enforcing contracts, Differential discounting, Dynamic contracts, Principal-agent models

11.

Tariff Wars in the Ricardian Model with a Continuum of Goods

Journal of International Economics, Vol. 80, No. 2, pp. 212-225, 2010
Number of pages: 14 Posted: 24 Jan 2010 Last Revised: 24 Aug 2010
Marcus M. Opp
Stockholm School of Economics - Department of Finance
Downloads 150 (247,615)
Citation 3

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Optimum tariff rates, Ricardian trade models, WTO, Gains from trade

12.

Private Information in M&A Transactions: Evidence from Withdrawn Deals

Number of pages: 21 Posted: 17 Feb 2015
Marlena I. Lee and Marcus M. Opp
Dimensional Fund Advisors and Stockholm School of Economics - Department of Finance
Downloads 104 (324,654)

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Mergers and Acquisitions, Private Information, Medium of Exchange

Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Removing Capital Requirements for an Asset Class

Swedish House of Finance Research Paper No. 20-6
Number of pages: 63 Posted: 25 Feb 2020 Last Revised: 27 Jan 2021
Bo Becker, Marcus M. Opp and Farzad Saidi
Stockholm School of Economics, Stockholm School of Economics - Department of Finance and Boston University - Questrom School of Business
Downloads 82 (380,714)
Citation 7

Abstract:

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insurance industry, capital regulation, regulatory reform, NAIC, risk-based capital requirements

Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Eliminating Capital Requirements

Number of pages: 52 Posted: 11 Feb 2020
Bo Becker, Marcus M. Opp and Farzad Saidi
Stockholm School of Economics, Stockholm School of Economics - Department of Finance and Boston University - Questrom School of Business
Downloads 1 (837,300)
Citation 1
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Capital regulation, insurance industry, NAIC, Regulatory Reform, risk- based capital requirements

The Economics of Deferral and Clawback Requirements

Journal of Finance, Forthcoming, Swedish House of Finance Research Paper No. 21-19
Number of pages: 57 Posted: 05 Oct 2021 Last Revised: 19 Oct 2021
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 77 (413,923)

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financial regulation, moral hazard, compensation design, clawbacks, bonus deferral, short-termism

The Economics of Deferral and Clawback Requirements

Number of pages: 57 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 3 (813,202)
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bonus deferral, clawbacks, compensation regulation, moral hazard, principal-agent models with externalities, Short-termism

15.

Industrial Asset Pricing with Endogenous Business Cycles

Number of pages: 36 Posted: 29 Nov 2011 Last Revised: 17 Jul 2014
Marcus M. Opp, Christine A. Parlour and Johan Walden
Stockholm School of Economics - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 60 (446,079)

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16.

Markup Cycles, Dynamic Misallocation, and Amplification

Journal of Economic Theory, Forthcoming
Number of pages: 49 Posted: 11 Jul 2014
Marcus M. Opp, Christine A. Parlour and Johan Walden
Stockholm School of Economics - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 43 (515,206)
Citation 4

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Oligopolistic Competition, Markup Cycles, Allocative Efficiency, Dynamic Games, DSGE Models

17.

Target Revaluation after Failed Takeover Attempts – Cash Versus Stock

Number of pages: 40 Posted: 07 Jul 2012 Last Revised: 06 Oct 2021
Ulrike Malmendier, Marcus M. Opp and Farzad Saidi
University of California, Berkeley - Department of Economics, Stockholm School of Economics - Department of Finance and New York University (NYU)
Downloads 38 (539,297)
Citation 4

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18.

Optimism and Self-Selection Models: Bias Externalities in the Rothschild-Stiglitz Insurance Model

Number of pages: 36 Posted: 10 May 2014 Last Revised: 13 May 2014
Marcus M. Opp
Stockholm School of Economics - Department of Finance
Downloads 32 (571,041)

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Insurance, Self-selection, Optimism, Biases, Overconfidence, Contract Design, Asymmetric information

Only Time Will Tell: A Theory of Deferred Compensation

Review of Economic Studies, Forthcoming
Number of pages: 41 Posted: 24 Sep 2020
Erasmus School of EconomicsKU Leuven, Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 24 (639,634)
Citation 2

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Compensation Design, Duration of Pay, Moral Hazard, Persistence, Principal-Agent Models, Informativeness Principle

Only Time Will Tell: A Theory of Deferred Compensation

Number of pages: 45 Posted: 09 Apr 2019
Roman Inderst and Marcus M. Opp
Goethe University Frankfurt and Stockholm School of Economics - Department of Finance
Downloads 1 (837,250)
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Compensation design, duration of pay, Informativeness principle, moral hazard, Persistence, Principal-Agent Models