Harald Hau

University of Geneva - Geneva Finance Research Institute (GFRI)

Prof. Harald Hau, PhD

40 Boulevard du Pont d'Arve

Geneva 4, Geneva 1211

Switzerland

Swiss Finance Institute

Switzerland

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

  • University of Geneva - Geneva Finance Research Institute (GFRI)

SCHOLARLY PAPERS

45

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893

CROSSREF CITATIONS

588

Scholarly Papers (45)

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1.

FinTech Credit and Entrepreneurial Growth

Swiss Finance Institute Research Paper No. 21-47
Number of pages: 63 Posted: 09 Aug 2021 Last Revised: 28 Nov 2022
Harald Hau, Yi Huang, Chen Lin, Hongzhe Shan, Zixia Sheng and Lai Wei
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR, The University of Hong Kong - Faculty of Business and Economics, Swiss Finance Institute, Swiss Finance Institute, Students, New Hope Financial Services and Lingnan University - Department of Finance and Insurance
Downloads 1,344 (29,273)
Citation 16

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FinTech, Big-tech, credit constraints, micro credit, entrepreneurship, service quality, customer satisfaction

2.

Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany

Downloads 1,318 (30,212)
Citation 13

Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany

CESifo Working Paper Series No. 2640, ECGI - Finance Working Paper No. 247/2009
Number of pages: 39 Posted: 17 Mar 2009
Harald Hau and Marcel P. Thum
University of Geneva - Geneva Finance Research Institute (GFRI) and Dresden University of Technology - Faculty of Economics and Business Management
Downloads 1,139 (36,610)
Citation 7

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Governance, Supervisory Boards, Banking, Financial Crisis

Subprime Crisis and Board (In)Competence: Private vs. Public Banks in Germany

INSEAD Working Paper No. 2010/45/FIN
Number of pages: 35 Posted: 21 Jun 2010
Harald Hau and Marcel P. Thum
University of Geneva - Geneva Finance Research Institute (GFRI) and Dresden University of Technology - Faculty of Economics and Business Management
Downloads 179 (322,155)
Citation 15

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Governance, Supervisory Boards, Banking, Financial Crisis

3.

Does Board Overlap Promote Coordination Between Firms?

Downloads 813 (59,620)
Citation 4

Does Board Overlap Promote Coordination Between Firms?

Swiss Finance Institute Research Paper No. 21-79, European Corporate Governance Institute – Finance Working Paper No. 803/2021
Number of pages: 58 Posted: 30 Nov 2021 Last Revised: 06 Feb 2023
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and Victoria University of Wellington - Te Herenga Waka - Victoria University of Wellington, Students
Downloads 462 (120,196)

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Board overlap, corporate opportunity waivers, firm coordination

The Effect of Board Overlap on Firm Behavior

Swiss Finance Institute Research Paper No. 21-40
Number of pages: 65 Posted: 19 Jul 2021
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and Victoria University of Wellington - Te Herenga Waka - Victoria University of Wellington, Students
Downloads 235 (249,913)
Citation 2

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Board interlock, corporate opportunity waivers, firm coordination

Does Board Overlap Promote Coordination Between Firms

Number of pages: 58 Posted: 16 Jul 2021 Last Revised: 25 Jul 2022
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and Victoria University of Wellington - Te Herenga Waka - Victoria University of Wellington, Students
Downloads 116 (460,122)
Citation 2

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Board interlock, corporate opportunity waivers, firm coordination

4.

The Role of Equity Funds in the Financial Crisis Propagation

Downloads 722 (69,722)
Citation 33

The Role of Equity Funds in the Financial Crisis Propagation

Swiss Finance Institute Research Paper No. 11-35 , WFA 2012 Las Vegas Meetings Paper
Number of pages: 45 Posted: 17 Jan 2011 Last Revised: 20 Jan 2016
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 721 (68,825)
Citation 7

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Financial Crisis, Crisis Spillover Effect, Mutual Fund Ownership

The Role of Equity Funds in the Financial Crisis Propagation

CEPR Discussion Paper No. DP8819
Number of pages: 49 Posted: 01 Mar 2012
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 1 (1,248,433)
Citation 19
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Financial Crisis Propagation, Fire Sales, Mutual Funds

5.

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Downloads 639 (81,578)
Citation 4

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Swiss Finance Institute Research Paper No. 12-07
Number of pages: 53 Posted: 18 Feb 2012
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 492 (111,706)

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Speculation, Limited Arbitrage, Hedging, Exchange Rate Disconnect

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Number of pages: 59 Posted: 01 Nov 2009
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 144 (388,080)
Citation 5

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limited arbitrage, exchange rate disconnect puzzle, currency speculation

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

CEPR Discussion Paper No. DP7348
Number of pages: 53 Posted: 26 Aug 2009
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 3 (1,220,230)
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Cospectrum, Limited Arbitrage, Multi-Currency Risk Hedging, Spectral Inference, Speculative Trading

6.

Structured Debt Ratings: Evidence on Conflicts of Interest

Downloads 574 (93,234)
Citation 29

Structured Debt Ratings: Evidence on Conflicts of Interest

Swiss Finance Institute Research Paper No. 13-21
Number of pages: 39 Posted: 19 Apr 2013 Last Revised: 07 Dec 2018
Matthias Efing and Harald Hau
HEC Paris - Finance Department and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 458 (121,467)
Citation 1

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Credit Ratings, Ratings Inflation, Conflicts of Interest, Structured Debt

Structured Debt Ratings: Evidence on Conflicts of Interest

Swiss Finance Institute Research Paper No. 13-21
Number of pages: 59 Posted: 05 Oct 2013
Matthias Efing and Harald Hau
HEC Paris - Finance Department and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 115 (463,191)
Citation 2

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Credit Ratings, Ratings Inflation, Conflicts of Interest, Structured Debt

Structured Debt Ratings: Evidence on Conflicts of Interest

CEPR Discussion Paper No. DP9465
Number of pages: 56 Posted: 08 May 2013
Matthias Efing and Harald Hau
HEC Paris - Finance Department and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 1 (1,248,433)
Citation 2
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conflicts of interest, credit ratings, ratings inflation, structured debt

7.

Can Time-Varying Currency Risk Hedging Explain Exchange Rates?

Swiss Finance Institute Research Paper No. 22-77
Number of pages: 67 Posted: 12 Oct 2022 Last Revised: 19 Sep 2023
Leonie Bräuer and Harald Hau
University of Geneva and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 556 (97,053)
Citation 1

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Exchange Rate, Hedging Channel, Institutional Investors

8.

Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy

Downloads 495 (111,991)
Citation 33

Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy

Swiss Finance Institute Research Paper No. 16-47, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 561/2018
Number of pages: 93 Posted: 22 Jul 2016 Last Revised: 05 Jul 2019
Harald Hau, Yi Huang and Gewei Wang
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR and Graduate Institute of International and Development Studies (IHEID)
Downloads 494 (110,940)
Citation 39

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Firm productivity, capital investment, minimum wage policy

Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy

CEPR Discussion Paper No. DP11429
Number of pages: 66 Posted: 08 Aug 2016
Harald Hau, Yi Huang and Gewei Wang
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR and Graduate Institute of International and Development Studies (IHEID)
Downloads 1 (1,248,433)
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Firm productivity, management quality, minimum wage policy

9.

Bank Bonus Pay as a Risk Sharing Contract

Downloads 487 (114,119)
Citation 2

Bank Bonus Pay as a Risk Sharing Contract

HEC Paris Research Paper No. FIN-2018-1285
Number of pages: 69 Posted: 29 Jun 2018 Last Revised: 26 Oct 2021
Matthias Efing, Harald Hau, Patrick Kampkötter and Jean-Charles Rochet
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and University of Toulouse Capitole - Toulouse School of Economics
Downloads 341 (170,124)
Citation 1

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Bank compensation, risk sharing, bank risk, operating leverage

Bank Bonus Pay as a Risk Sharing Contract

Swiss Finance Institute Research Paper No. 18-72, Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 52 Posted: 20 Nov 2018 Last Revised: 07 Jan 2021
Matthias Efing, Harald Hau, Patrick Kampkötter and Jean-Charles Rochet
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and University of Toulouse Capitole - Toulouse School of Economics
Downloads 146 (383,815)
Citation 1

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banker compensation, risk sharing, bonus pay, operating leverage

10.

Bank Ratings: What Determines Their Quality?

Downloads 481 (115,819)
Citation 5

Bank Ratings: What Determines Their Quality?

Swiss Finance Institute Research Paper No. 12-31
Number of pages: 42 Posted: 01 Oct 2012
Harald Hau, Sam Langfield and David Marques-Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and European Central Bank (ECB)
Downloads 294 (199,335)
Citation 11

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Rating Agencies, Credit Ratings, Conflicts of Interest, Prudential Regulation

Bank Ratings: What Determines Their Quality?

ECB Working Paper No. 1484
Number of pages: 43 Posted: 22 Oct 2012
Harald Hau, Sam Langfield and David Marques-Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and European Central Bank (ECB)
Downloads 116 (460,122)
Citation 2

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rating agencies, credit ratings, conflicts of interest, prudential regulation

Bank Ratings: What Determines their Quality?

Bangor Business School Working Paper No. BBSWP/12/012
Number of pages: 42 Posted: 06 Nov 2012
Harald Hau, Sam Langfield and David Marques-Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and European Central Bank (ECB)
Downloads 71 (635,648)
Citation 6

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rating agencies, credit ratings, conflicts of interest, prudential regulation

11.

Discriminatory Pricing of Over-the-Counter Derivatives

Downloads 442 (128,034)
Citation 36

Discriminatory Pricing of Over-the-Counter Derivatives

Swiss Finance Institute Research Paper No. 17-70
Number of pages: 63 Posted: 10 Jan 2018 Last Revised: 11 Jun 2020
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 259 (227,001)
Citation 3

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Transaction costs, OTC markets, multi-dealer platforms, relationship trading

Discriminatory Pricing of Over-the-Counter Derivatives

IMF Working Paper No. 19/100
Number of pages: 46 Posted: 14 Jun 2019
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 125 (434,307)
Citation 1

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Market interest rates, Credit default swap, Exchange markets, Interest parity, Currency swaps, Transaction costs, search frictions, information rents, RFQ platforms, RFQ, mid-price, counterparties, price adjustment, price discrimination

Discriminatory Pricing of Over-the-Counter Derivatives

ESRB: Working Paper Series No. 2017/61
Number of pages: 42 Posted: 05 Nov 2020
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 55 (724,102)

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corporate hedging, dealer spreads, information rents, RFQ platforms

Discriminatory Pricing of Over-the-Counter Derivatives

CEPR Discussion Paper No. DP12525
Number of pages: 42 Posted: 02 Jan 2018
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 3 (1,220,230)
Citation 5
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corporate hedging, Dealer spreads, information rents, RFQ platforms

12.

How Real Estate Booms Hurt Small Firms: Evidence on Investment Substitution

Downloads 410 (139,768)
Citation 4

How Real Estate Booms Hurt Small Firms: Evidence on Investment Substitution

Swiss Finance Institute Research Paper No. 18-38
Number of pages: 78 Posted: 09 May 2018 Last Revised: 10 Aug 2021
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of International Business and Economics - School of International Business and Economics
Downloads 257 (228,717)
Citation 2

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Factor price externalities, real estate booms, firm growth, financial constraints

Local Capital Scarcity and Small Firm Growth: Evidence from Real Estate Booms in China

CESifo Working Paper No. 7928
Number of pages: 69 Posted: 15 Nov 2019
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of International Business and Economics - School of International Business and Economics
Downloads 100 (513,629)
Citation 1

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factor price externalities, real estate booms, firm growth, financial constraints

How Real Estate Booms Hurt Small Firms: Evidence on Investment Substitution

Number of pages: 77 Posted: 19 Jan 2022
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of International Business and Economics - School of International Business and Economics
Downloads 53 (736,551)
Citation 1

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Factor price externalities, real estate booms, Firm growth, financial constraints

13.

Global Portfolio Rebalancing and Exchange Rates

Downloads 396 (145,396)
Citation 48

Global Portfolio Rebalancing and Exchange Rates

Swiss Finance Institute Research Paper No. 18-03, Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 49 Posted: 31 Jan 2018 Last Revised: 05 Jun 2018
Nelson Camanho, Harald Hau and Hélène Rey
School of Economics and Finance, Queen Mary University of London, University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 347 (166,925)

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International equity funds, portfolio rebalancing, valuation effects, exchange rates

Global Portfolio Rebalancing and Exchange Rates

NBER Working Paper No. w24320
Number of pages: 98 Posted: 21 Feb 2018 Last Revised: 15 Jun 2023
Nelson Camanho, Harald Hau and Hélène Rey
School of Economics and Finance, Queen Mary University of London, University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 49 (763,042)
Citation 1

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Global Portfolio Rebalancing and Exchange Rates

CEPR Discussion Paper No. DP15617
Number of pages: 101 Posted: 04 Feb 2022
Nelson Camanho, Harald Hau and Hélène Rey
School of Economics and Finance, Queen Mary University of London, University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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14.

The Euro as an International Currency: Explaining Puzzling First Evidence

WBS Finance Group Research Paper No. 6
Number of pages: 34 Posted: 05 Jun 2001
Harald Hau, William P. Killeen and Michael Moore
University of Geneva - Geneva Finance Research Institute (GFRI), Setanta Asset Management and University of Warwick - Warwick Business School
Downloads 381 (151,768)
Citation 5

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Euro, bid-ask spread, liquidity, vehicle currency, foreign exchange market, microstructure, currency union, Economic and Monetary Union

15.

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Downloads 374 (155,050)
Citation 26

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Swiss Finance Institute Research Paper No. 13-39, EFA 2013 Cambridge Meetings Paper, AFA 2014 Philadelphia Meetings Paper
Number of pages: 43 Posted: 17 Jul 2013 Last Revised: 07 Dec 2018
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 256 (229,636)
Citation 5

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Monetary Policy, Asset Price In‡ation, Risk Seeking, Taylor Rule Residuals

Asset Allocation and Monetary Policy: Evidence from the Eurozone

CESifo Working Paper Series No. 5005
Number of pages: 44 Posted: 22 Oct 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 118 (454,029)

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monetary policy, asset price inflation, risk seeking, Taylor rule residuals

Asset Allocation and Monetary Policy: Evidence from the Eurozone

CEPR Discussion Paper No. DP9581
Number of pages: 45 Posted: 13 Aug 2013
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
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Citation 2
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asset price inflation, monetary policy, risk seeking, Taylor rule residuals

16.

Patent Success, Patent Holdup, and the Structure of Property Rights

Downloads 359 (162,104)
Citation 9

Patent Success, Patent Holdup, and the Structure of Property Rights

Swiss Finance Institute Research Paper No. 15-39
Number of pages: 54 Posted: 20 Sep 2015 Last Revised: 11 Jun 2020
Heng Geng, Harald Hau and Sandy Lai
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 359 (160,804)
Citation 10

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Patents, Holdup Problems, Innovation, Institutional Ownership

Technological Progress and Ownership Structure

CEPR Discussion Paper No. DP11064
Number of pages: 57 Posted: 27 Jan 2016
Heng Geng, Harald Hau and Sandy Lai
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 0
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hold-up problems, innovation, institutional ownership, patents

17.

Real Effects of Stock Underpricing

Downloads 356 (163,640)
Citation 58

Real Effects of Stock Underpricing

Journal of Financial Economics (JFE), (Forthcoming) , Swiss Finance Institute Research Paper No. 11-59, EFA 2012 Copenhagen Meetings Paper
Number of pages: 51 Posted: 29 Nov 2011 Last Revised: 06 Feb 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 349 (165,833)

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market inefficiency, fire sales, mutual funds, investment, employment

Real Effects of Stock Underpricing

CEPR Discussion Paper No. DP8820
Number of pages: 39 Posted: 01 Mar 2012
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 7 (1,171,599)
Citation 31
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employment, fire sales, investment, market inefficiency, mutual funds

18.

The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse

Downloads 351 (166,095)
Citation 48

The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse

Number of pages: 45 Posted: 25 Mar 2003
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 333 (174,518)
Citation 7

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Tobin Tax, Realized Volatility, Effective Spread, Tick Size

The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse

Number of pages: 48 Posted: 20 Jun 2003
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 18 (1,042,024)
Citation 4
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Tobin tax, realized volatility, effective spread, tick size

19.

Information and Geography: Evidence from the German Stock Market

Number of pages: 27 Posted: 20 Oct 1999
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 341 (171,423)
Citation 8

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20.

Global Versus Local Asset Pricing: Evidence from Arbitrage of the MSCI Index Change

Downloads 307 (191,684)
Citation 2

Global Versus Local Asset Pricing: Evidence from Arbitrage of the MSCI Index Change

Number of pages: 53 Posted: 04 Jul 2008
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 204 (285,757)
Citation 3

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Asset Pricing, Market Integration, Index Revision

Global Versus Local Asset Pricing: Evidence from Arbitrage of the MSCI Index Change

Number of pages: 52 Posted: 14 Mar 2009 Last Revised: 17 Mar 2009
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 103 (503,002)
Citation 4

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Limited arbitrage, demand shock, index revision, market segmentation

21.

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

Downloads 306 (192,333)
Citation 13

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

INSEAD Working Paper No. 2010/64/FIN, WBS Finance Group Research Paper No. 145
Number of pages: 53 Posted: 30 Aug 2010
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 197 (295,109)
Citation 4

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

WBS Finance Group Research Paper No. 117
Number of pages: 54 Posted: 14 Mar 2009
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 105 (495,905)
Citation 7

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

CEPR Discussion Paper No. DP6969
Number of pages: 48 Posted: 02 Dec 2008
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 4 (1,207,582)
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Adverse Selection, Dealer Intermediation, Market Segmentation, Spread Determination

22.

Consumption Response to Minimum Wages: Evidence from Chinese Households

Downloads 198 (210,151)

Consumption Response to Minimum Wages: Evidence from Chinese Households

Swiss Finance Institute Research Paper No. 17-01
Number of pages: 117 Posted: 10 Jan 2017 Last Revised: 19 Jun 2023
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and CEPR
Downloads 197 (295,109)

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Minimum wages; Household consumption; China

The Consumption Response to Minimum Wages: Evidence from Chinese Households

CEPR Discussion Paper No. DP12057
Number of pages: 54 Posted: 22 May 2017
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and CEPR
Downloads 1 (1,248,433)
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Household consumption, Labor income, minimum wage, Permanent income hypothesis

23.

Dealer Intermediation between Markets

Downloads 281 (210,957)
Citation 12

Dealer Intermediation between Markets

Swiss Finance Institute Research Paper No. 12-29, WBS Finance Group Research Paper No. 192
Number of pages: 46 Posted: 04 Sep 2012
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 148 (379,635)
Citation 13

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

Dealer Intermediation between Markets

WBS Finance Group Research Paper No. 155
Number of pages: 45 Posted: 20 Mar 2011
Michael Moore, Harald Hau and Peter G. Dunne
University of Warwick - Warwick Business School, University of Geneva - Geneva Finance Research Institute (GFRI) and Central Bank of Ireland
Downloads 133 (416,099)

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

24.

Are CoCo Bonds a Good Substitute for Equity? Evidence from European Banks

Swiss Finance Institute Research Paper No. 18-67
Number of pages: 43 Posted: 26 Oct 2018
Harald Hau and Gabriela Hrasko
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Geneva
Downloads 269 (220,592)
Citation 1

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CoCo bond, issuance announcement, asset volatility, bank stability

25.

A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change

Downloads 257 (229,944)
Citation 1

A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change

Number of pages: 45 Posted: 27 Feb 2007
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 254 (231,394)

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Limited Arbitrage, Index Revision, Asset Pricing

A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the Msci Global Index Change

CEPR Discussion Paper No. DP6094
Number of pages: 47 Posted: 14 May 2008
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 3 (1,220,230)
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Index revisions, international equity arbitrage, portfolio theory

26.

Do Institutional Directors Matter?

Swiss Finance Institute Research Paper No. 22-89
Number of pages: 48 Posted: 18 Nov 2022 Last Revised: 27 Jan 2024
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and RMIT University Vietnam
Downloads 239 (246,994)

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Institutional ownership, institutional board representation, common ownership, competition policy

27.

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

Downloads 237 (248,968)
Citation 10

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper, Swiss Finance Institute Research Paper No. 14-55
Number of pages: 49 Posted: 06 Sep 2014 Last Revised: 10 Dec 2014
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 160 (355,537)

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Trading Income, Bank Risk, Incentive Pay, Bonus Payments

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

CESifo Working Paper Series No. 4984
Number of pages: 52 Posted: 09 Oct 2014
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 50 (756,397)

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trading income, bank risk, incentive pay, bonus payments

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

NBER Working Paper No. w20468
Number of pages: 52 Posted: 08 Sep 2014 Last Revised: 05 Jun 2023
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Citation 4

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Incentive Pay and Bank Risk-Taking:Evidence from Austrian, German, and Swiss Banks

CEPR Discussion Paper No. DP10217
Number of pages: 53 Posted: 17 Nov 2014
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Citation 1
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Bank Risk, Bonus Payments, Incentive Pay, Trading Income

28.

Exchange Rate, Equity Prices and Capital Flows

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Citation 21

Exchange Rate, Equity Prices and Capital Flows

NBER Working Paper No. w9398
Number of pages: 47 Posted: 21 Dec 2002 Last Revised: 07 Sep 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Exchange Rate, Equity Prices and Capital Flows

Number of pages: 49 Posted: 27 Feb 2003
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Citation 1
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Capital flows, equity flows, market incompleteness, forex hedging

29.

Global Portfolio Rebalancing Under the Microscope

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Citation 6

Global Portfolio Rebalancing Under the Microscope

Number of pages: 43 Posted: 19 Mar 2009
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 179 (322,155)
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Capital Flows, Home Bias, Exchange Rate Risk, Portfolio Rebalancing

Global Portfolio Rebalancing Under the Microscope

NBER Working Paper No. w14165
Number of pages: 42 Posted: 16 Jul 2008 Last Revised: 16 Sep 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Global Portfolio Rebalancing Under the Microscope

CEPR Discussion Paper No. DP6901
Number of pages: 41 Posted: 20 Aug 2008
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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capital flows, home bias, International Finance

30.

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

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Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

WBS Finance Group Research Paper No. 35
Number of pages: 27 Posted: 06 Dec 2004
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
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International macroeconomics, equities, exchange rates, microstructure

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

Number of pages: 30 Posted: 04 Apr 2005
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
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International macroeconomics, equities, exchange rates, microstructure

31.

Can Time-Varying Currency Risk Hedging Explain Exchange Rates?

CESifo Working Paper No. 10065
Number of pages: 51 Posted: 16 Nov 2022
Leonie Bräuer and Harald Hau
University of Geneva and University of Geneva - Geneva Finance Research Institute (GFRI)
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exchange rate, hedging channel, institutional investors

32.

Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

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Citation 47

Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

Number of pages: 49 Posted: 16 Mar 2006 Last Revised: 17 Mar 2009
Harald Hau, Massimo Massa and Joel Peress
University of Geneva - Geneva Finance Research Institute (GFRI), INSEAD - Finance and INSEAD - Finance
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Citation 35

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Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

Number of pages: 33 Posted: 13 May 2005
Harald Hau, Massimo Massa and Joel Peress
University of Geneva - Geneva Finance Research Institute (GFRI), INSEAD - Finance and INSEAD - Finance
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Citation 12
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Event study, exchange rates, global equity index funds, limits of arbitrage

33.

International Order Flows: Explaining Equity and Exchange Rate Returns

WBS Finance Group Research Paper No. 55
Number of pages: 34 Posted: 13 Mar 2006
Michael Moore, Peter G. Dunne and Harald Hau
University of Warwick - Warwick Business School, Central Bank of Ireland and University of Geneva - Geneva Finance Research Institute (GFRI)
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Market Interdependence, Heterogeneous Beliefs, Order Flow, Equity Return Parity

34.

Consumption Response to Minimum Wages: Evidence from Chinese Households

Number of pages: 69 Posted: 02 Dec 2019
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and CEPR
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household consumption, labor income, minimum wages, transfer income

35.

Global Versus Local Asset Pricing: A Speculation-Based Test of Market Integration

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Citation 11

Global Versus Local Asset Pricing: A Speculation-Based Test of Market Integration

INSEAD Working Paper No. 2010/61/FIN
Number of pages: 65 Posted: 27 Aug 2010
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
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Global versus Local Asset Pricing: A Speculation-Based Test of Market Integration

Posted: 01 Mar 2010
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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Cost of Capital, Market Segmentation, Event Study

36.

Bank Bonus Pay as a Risk Sharing Contract

CESifo Working Paper No. 7495
Number of pages: 42 Posted: 21 Feb 2019
Matthias Efing, Harald Hau, Patrick Kampkötter and Jean-Charles Rochet
affiliation not provided to SSRN, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and University of Toulouse Capitole - Toulouse School of Economics
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banker compensation, risk sharing, bonus pay, operating leverage

37.

Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy

CESifo Working Paper Series No. 6637
Number of pages: 58 Posted: 21 Sep 2017
Harald Hau, Yi Huang and Gewei Wang
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR and Graduate Institute of International and Development Studies (IHEID)
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firm productivity, capital investment, minimum wage policy

38.

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?

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Citation 78

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?

NBER Working Paper No. w10476
Number of pages: 19 Posted: 29 Dec 2006 Last Revised: 18 Aug 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates?

Number of pages: 21 Posted: 14 Sep 2004
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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International finance

39.

Home Bias at the Fund Level

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Citation 49

Home Bias at the Fund Level

NBER Working Paper No. w14172
Number of pages: 16 Posted: 16 Jul 2008 Last Revised: 23 Sep 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Home Bias at the Fund Level

CEPR Discussion Paper No. DP6721
Number of pages: 17 Posted: 11 Jun 2008
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Citation 4
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asset allocation, diversification, investment behaviour

40.

Does Shareholder Overlap Alleviate Patent Holdup?

Number of pages: 57 Posted: 16 Mar 2024
Harald Hau, Heng Geng, Sandy Lai and Pengfei Liu
University of Geneva - Geneva Finance Research Institute (GFRI), Victoria University of Wellington, National Taiwan University - Department of Finance and China Jiliang University
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Patents, Holdup Problem, Innovation, Institutional Ownership

41.

Does Shareholder Overlap Alleviate Patent Holdup?

Number of pages: 57 Posted: 05 Jun 2024
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
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Patents, Holdup Problems, Innovation, Institutional Ownership

42.

Discretionary Administrative Power and Conflicts of Interest in China's IPO Approvals

Swiss Finance Institute Research Paper No. 24-54
Number of pages: 55 Posted: 04 Oct 2024
Heng Geng, Harald Hau and Hanzhang Zheng
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Geneva
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corruption of professional standards, IPO underperformance, regulatory failure

43.

Exchange Rates, Equity Prices, and Capital Flows

Review of Financial Studies, Vol. 19, No. 1, pp. 273-317, 2006
Posted: 29 Feb 2008
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School

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fetus, heart rate, prenatal environment, prenatal drug exposure, cigarette smoking

44.

Real Exchange Rate Volatility and Economic Openness: Theory and Evidence

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Real Exchange Rate Volatility and Economic Openness: Theory and Evidence

Working Paper No. 2356
Posted: 04 May 2000
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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Real Exchange Rate Volatility and Economic Openness: Theory and Evidence

Posted: 24 Aug 2001
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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real effective exchange rate volatility, nontradeables, openness

45.

Privatization Under Political Interference: Evidence from Eastern Germany

European Economic Review, Vol. 42, 1998
Posted: 06 Dec 1998
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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