Andreas Hackethal

Goethe University Frankfurt - Faculty of Economics and Business Administration

Professor of Finance

Theodor-W.-Adorno Platz 3

Frankfurt am Main, 60323

Germany

Goethe University Frankfurt - Research Center SAFE

Area Head Household Finance

(http://www.safe-frankfurt.de)

Theodor-W.-Adorno-Platz 3

Frankfurt am Main, 60323

Germany

SCHOLARLY PAPERS

29

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CITATIONS
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79

Scholarly Papers (29)

1.
Downloads 2,909 ( 2,717)
Citation 20

Financial Advisors: A Case of Babysitters?

Number of pages: 43 Posted: 19 Mar 2009 Last Revised: 14 Jun 2011
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics
Downloads 2,800 (2,841)
Citation 20

Abstract:

Financial advice, portfolio choice, household finance

Financial Advisors: A Case of Babysitters?

Netspar Discussion Paper No. 04/2010-017
Number of pages: 43 Posted: 20 Jun 2010
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics
Downloads 103 (208,765)
Citation 20

Abstract:

financial advice, portfolio choice, household finance

Financial Advisors: A Case of Babysitters?

CEPR Discussion Paper No. DP7235
Number of pages: 43 Posted: 07 Apr 2009
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics
Downloads 6 (518,048)
Citation 20

Abstract:

Financial advice, Household Finance, Portfolio Choice

Financial Advisors: A Case of Babysitters?

Journal of Banking and Finance, Forthcoming
Posted: 05 Sep 2011
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics

Abstract:

Financial advice, portfolio choice, household finance

2.

Financial Advice and Individual Investors' Portfolios

Number of pages: 40 Posted: 06 Mar 2007 Last Revised: 01 Mar 2015
EBS Universität für Wirtschaft und Recht - EBS Business School, JPMorgan, Goethe University Frankfurt - Faculty of Economics and Business Administration and EBS Universität für Wirtschaft und Recht - EBS Business School
Downloads 1,843 (4,356)
Citation 9

Abstract:

Household finance, financial advice, investment behavior

Is Unbiased Financial Advice To Retail Investors Sufficient? Answers from a Large Field Study

Number of pages: 70 Posted: 20 May 2011 Last Revised: 12 May 2014
Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, University of Mannheim - Area Banking, Finance, and Insurance and Leibniz Universität Hannover
Downloads 1,307 (10,467)
Citation 10

Abstract:

retail investors, brokers, financial advice, efficient portfolios

Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study

Review of Financial Studies, Forthcoming
Number of pages: 70 Posted: 24 Sep 2011
Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, University of Mannheim - Area Banking, Finance, and Insurance and Leibniz Universität Hannover
Downloads 252 (94,724)
Citation 10

Abstract:

retail investors, brokers, financial advice, efficient portfolios

4.

Drivers and Barriers to Management Accounting Change

AAA 2008 MAS Meeting Paper
Number of pages: 47 Posted: 28 Jul 2007 Last Revised: 11 Jan 2008
Felix Schwarze, Kim Wuellenweber and Andreas Hackethal
Goethe University Frankfurt - Department of Finance, University Frankfurt - E-Finance Lab and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,470 (6,868)

Abstract:

management accounting, accounting change, bank, field study

5.

Abusing ETFs

Forthcoming in the Review of Finance
Number of pages: 55 Posted: 15 Mar 2012 Last Revised: 22 Jul 2016
Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, University of Mannheim - Area Banking, Finance, and Insurance, Leibniz Universität Hannover and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,049 (6,725)

Abstract:

household finance, retail investors, ETFs, passive investing, active investing, security selection, market timing

6.

The Influence of Financial Advice on the Asset Allocation of Individual Investors

EFA 2008 Athens Meetings Paper
Number of pages: 33 Posted: 17 Mar 2008
Christian Jansen, Rene Fischer and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,027 (13,050)
Citation 1

Abstract:

individual investors, financial advice, asset allocation, conflict of interest, incentives

7.

Do Individual Investors Learn from Their Mistakes?

Number of pages: 35 Posted: 02 Aug 2012 Last Revised: 30 Jan 2017
Goethe University Frankfurt - Department of Finance, University of Mannheim - Area Banking, Finance, and Insurance, Leibniz Universität Hannover and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 991 (15,285)
Citation 1

Abstract:

Investor Learning, Investment Mistakes, Household Finance

8.

Financing Patterns: Measurement Concepts and Empirical Results

Frankfurt Dept. of Finance Working Paper No. 125
Number of pages: 49 Posted: 01 Feb 2001
Reinhard H. Schmidt and Andreas Hackethal
Goethe University Frankfurt - Chair of Banking and Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 896 (17,654)
Citation 11

Abstract:

financing patterns, capital structure, financial system, banks, capital markets, internal finance, measurement concepts

9.

The Impact of Business Process Outsourcing on Firm Performance and the Influence of Governance: A Long Term Study in the German Banking Industry

Number of pages: 44 Posted: 18 Dec 2007
Goethe University Frankfurt - Chair of Banking and Finance, Faculty of Economics and Business Administration, Goethe University Frankfurt - Faculty of Economics and Business Administration and University Frankfurt - E-Finance Lab
Downloads 774 (20,654)

Abstract:

Business Process Outsourcing, firm performance, firm characteristics, banking, German banks, governance

10.
Downloads 732 ( 25,614)
Citation 3

Trading on Advice

Number of pages: 35 Posted: 03 Nov 2010 Last Revised: 31 Dec 2012
Andreas Hackethal, Roman Inderst and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt and Leibniz Universität Hannover
Downloads 729 (25,336)
Citation 3

Abstract:

Trading, Financial Advice

Trading on Advice

CEPR Discussion Paper No. DP8091
Number of pages: 49 Posted: 29 Nov 2010
Andreas Hackethal, Roman Inderst and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt and Leibniz Universität Hannover
Downloads 3 (533,349)
Citation 3

Abstract:

financial advice, trading

Is Proprietary Trading Detrimental to Retail Investors?

Number of pages: 58 Posted: 12 Mar 2011 Last Revised: 03 Jan 2017
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Rotterdam School of Management, Erasmus University (RSM)
Downloads 619 (31,865)
Citation 1

Abstract:

Conflict of interests, universal banks, proprietary trading, retail investment, retail banking

Is Proprietary Trading Detrimental to Retail Investors?

Bundesbank Discussion Paper No. 42/2013
Number of pages: 40 Posted: 21 Jun 2016
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Rotterdam School of Management, Erasmus University (RSM)
Downloads 13 (479,677)
Citation 1

Abstract:

conflict of interests, universal banks, proprietary trading, retail investment, retail banking

12.

The Influence of Financial Advisors on Household Portfolios: A Study on Private Investors Switching to Financial Advice

Number of pages: 37 Posted: 17 Feb 2009
Ralf Gerhardt and Andreas Hackethal
Goethe University Frankfurt - Finance Department and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 601 (26,468)
Citation 1

Abstract:

Investment Advice, Household Portfolios, Investment Behavior

13.

How Ing-Diba Conquered the German Retail Banking Market

Number of pages: 26 Posted: 12 Mar 2008 Last Revised: 02 Apr 2008
Andre Guettler and Andreas Hackethal
University of Ulm - Department of Mathematics and Economics and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 488 (36,160)

Abstract:

IT development, strategic success factors, direct bank, German financial system

14.

The Anatomy of Bank Diversification

Number of pages: 28 Posted: 09 Mar 2007
Ralf Elsas, Andreas Hackethal and Markus Holzhäuser
Ludwig Maximilian University of Munich - Faculty of Business Administration (Munich School of Management), Goethe University Frankfurt - Faculty of Economics and Business Administration and Goethe University Frankfurt - Finance Department
Downloads 470 (43,344)
Citation 7

Abstract:

Bank Diversification, Conglomerate Discount, Universal Banking

15.

The Service Profit Chain of Retail Banking - How Regulation Might Promote Service Innovation

Number of pages: 37 Posted: 17 Mar 2008
Rene Fischer, Andreas Hackethal and Christian Jansen
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, Goethe University Frankfurt - Faculty of Economics and Business Administration and EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting
Downloads 417 (49,935)

Abstract:

Service profit chain, MiFID, financial service providers, investment advisory

16.

Trading on Noise: Moving Average Trading Heuristics and Private Investors

Number of pages: 67 Posted: 07 Nov 2014
Thomas Etheber, Andreas Hackethal and Steffen Meyer
Goethe University Frankfurt - Department of Finance, Goethe University Frankfurt - Faculty of Economics and Business Administration and Leibniz Universität Hannover
Downloads 347 (51,064)

Abstract:

Investor heuristics, technical analysis, individual investors, noise trading

17.

Whose Money is Smart? Mutual Fund Purchases of Private Investors

Number of pages: 29 Posted: 18 Feb 2009 Last Revised: 16 Mar 2009
Fabian Niebling, Steffen Meyer and Andreas Hackethal
affiliation not provided to SSRN, Leibniz Universität Hannover and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 344 (64,302)

Abstract:

Smart decision making, Mutual funds, Fund selection criterion, Household finance, Cost of investment mistakes

18.

How to Meet Private Investors' Advisory Needs

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 27 Posted: 27 Aug 2007 Last Revised: 23 May 2008
Christian Jansen and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 321 (67,154)
Citation 4

Abstract:

Retail banking, financial advisory, customer segmentation, financial sophistication

19.

German Banks - A Declining Industry?

CFS Working Paper No. 2003/27
Number of pages: 41 Posted: 11 Oct 2003
Andreas Hackethal
Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 312 (73,498)
Citation 2

Abstract:

Commercial banking, Germany, disintermediation, financial system

20.

An Empirical Study on the Cost of Institutional Boundaries and Lacking Financial Sophistication in the Mutual Fund Selection Process

EFA 2008 Athens Meetings Paper
Number of pages: 29 Posted: 19 Mar 2008
Rene Fischer, Steffen Meyer and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, Leibniz Universität Hannover and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 240 (96,817)

Abstract:

Cost of investment mistakes, Mutual Funds, Fund performance, Fund selection criterion

21.

There is No Place Like Home: A Spatial Analysis of Investor Choice of Stock Exchange

Number of pages: 26 Posted: 17 Mar 2008 Last Revised: 26 Mar 2008
Ralph Bluethgen and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 219 (109,881)

Abstract:

Household Finance, Behavioral Bias, Financial Advice, Spatial Analysis

22.

Banks and German Corporate Governance: On the Way to a Capital Market-Based System?

Corporate Governance: An International Review, Vol. 13, No. 3, pp. 397-407, May 2005
Number of pages: 11 Posted: 21 May 2005
Andreas Hackethal, Reinhard H. Schmidt and Marcel Tyrell
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Chair of Banking and Finance and University of Frankfurt
Downloads 31 (374,133)
Citation 9

Abstract:

23.

Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach

SAFE Working Paper No. 147
Number of pages: 61 Posted: 01 Oct 2016
Andreas Hackethal, Sven Thorsten Jakusch and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance and Leibniz Universität Hannover
Downloads 0 (395,710)

Abstract:

Utility Theory, Maximum Likelihood, Individual Investors

24.

Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)

SAFE Working Paper No. 146
Number of pages: 49 Posted: 01 Oct 2016
Sven Thorsten Jakusch, Steffen Meyer and Andreas Hackethal
Goethe University Frankfurt - Department of Finance, Leibniz Universität Hannover and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 0 (395,710)

Abstract:

Prospect Theory, Parameter Elicitation, Investors Heterogeneity

25.

Portfolio Risk Forecasting

Journal of Risk, Vol. 16, No. 1, 2013
Number of pages: 34 Posted: 07 Jun 2016
Valentin Braun and Andreas Hackethal
Goethe University Frankfurt and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 0 (531,865)

Abstract:

portfolio risk forecasting, volatility levels, forecasts

26.

The Impact of Weather on German Retail Investors

Review of Finance (Forthcoming)
Posted: 05 May 2014
International Monetary Fund (IMF), Goethe University Frankfurt - Graduate School of Economics, Finance and Management (GSEFM), Leibniz Universität Hannover and Goethe University Frankfurt - Faculty of Economics and Business Administration

Abstract:

weather; individual investor; mood; trading behavior; stock market

27.

Multi-Bank Loan Pool Contracts

Posted: 06 Aug 2008
Andreas Gintschel and Andreas Hackethal
JPMorgan and Goethe University Frankfurt - Faculty of Economics and Business Administration

Abstract:

28.

Signaling Power of Open Market Share Repurchases in Germany

Financial Markets and Portfolio Management, Vol. 20, No. 2, 2006
Posted: 03 Aug 2006
Alexandre Zdantchouk and Andreas Hackethal
Freitag Gellert & Co. GmbH and Goethe University Frankfurt - Faculty of Economics and Business Administration

Abstract:

Open market share repurchases, event study, undervaluation signaling, repurchase policy and regulation

29.

Disintermediation and the Role of Banks in Europe: An International Comparison

Journal of Financial Intermediation, Vol. 8, No. 1
Posted: 21 Jan 1999
Reinhard H. Schmidt, Marcel Tyrell and Andreas Hackethal
Goethe University Frankfurt - Chair of Banking and Finance, University of Frankfurt and Goethe University Frankfurt - Faculty of Economics and Business Administration

Abstract:

Other Papers (1)

Total Downloads: 0    Citations: 0
1.

Migration and the Retail Banking Industry: An Examination of Immigrants' Bank Nationality Choice in Germany

European Journal of Finance 16(5), 459-480, 2009
Posted: 04 Aug 2012
Fabian Gleisner, Andreas Hackethal and Christian Rauch
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Faculty of Economics and Business Administration and University of Oxford - Said Business School

Abstract:

Retail Banking, Bank Globalization, Migration