Alexander F. Wagner

University of Zurich - Department of Banking and Finance

Plattenstrasse 14

Zürich, 8032

Switzerland

Centre for Economic Policy Research (CEPR)

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

Swiss Finance Institute

SCHOLARLY PAPERS

33

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CITATIONS
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92

Scholarly Papers (33)

1.

Short Selling Regulation after the Financial Crisis - First Principles Revisited

International Journal of Disclosure and Regulation, Vol. 7, No. 2, pp. 108-135 , Swiss Finance Institute Research Paper No. 09-28
Number of pages: 54 Posted: 27 Jul 2009 Last Revised: 02 Jun 2010
Seraina N. Gruenewald, Alexander F. Wagner and Rolf H. Weber
University of Zurich - Rechtswissenschaftliches Institut (School of Law), University of Zurich - Department of Banking and Finance and University of Zurich - Faculty of Law
Downloads 1,518 (7,584)
Citation 6

Abstract:

Short Selling, Regulation, Market Abuse, Efficiency, Financial Crisis

2.

Managerial Incentives to Take Asset Risk

Swiss Finance Institute Research Paper No. 10-18
Number of pages: 59 Posted: 25 Apr 2010 Last Revised: 14 Apr 2016
Marc Chesney, Jacob Stromberg and Alexander F. Wagner
University of Zurich - Swiss Banking Institute (ISB), Swiss Finance Institute and University of Zurich - Department of Banking and Finance
Downloads 1,044 (13,470)
Citation 3

Abstract:

Executive compensation, Financial crisis, write-downs, corporate governance, managerial incentives, risk-taking

3.

On the Construction of Common Size, Value and Momentum Factors in International Stock Markets: A Guide with Applications

Swiss Finance Institute Research Paper No. 10-58
Number of pages: 83 Posted: 12 Jan 2011 Last Revised: 11 Feb 2017
University of Zurich - Department of Banking and Finance, ETH Zürich, Bank for International Settlements (BIS) - Monetary and Economic Department, University of Zurich - Department of Banking and Finance and University of Kassel
Downloads 933 (10,710)
Citation 5

Abstract:

Risk factors; value; size; momentum; international equity markets; asset pricing anomalies

4.

The Executive Turnover Risk Premium

The Journal of Finance, Vol. 69 (No. 4), p. 1529-1563, August 2014., Swiss Finance Institute Research Paper No. 08-11
Number of pages: 62 Posted: 05 Jun 2008 Last Revised: 12 Oct 2014
Florian S. Peters and Alexander F. Wagner
University of Amsterdam and University of Zurich - Department of Banking and Finance
Downloads 920 (16,119)
Citation 16

Abstract:

Executive compensation, entrenchment, turnover, corporate governance

5.

Emergency Short Selling Restrictions in the Course of the Financial Crisis

Number of pages: 18 Posted: 01 Aug 2009 Last Revised: 23 Jun 2010
Seraina N. Gruenewald, Alexander F. Wagner and Rolf H. Weber
University of Zurich - Rechtswissenschaftliches Institut (School of Law), University of Zurich - Department of Banking and Finance and University of Zurich - Faculty of Law
Downloads 898 (17,081)
Citation 8

Abstract:

short selling, regulation, market abuse, market efficiency, financial crisis

6.

Agency versus Hold-up: On the Impact of Binding Say-on-Pay on Shareholder Value

Swiss Finance Institute Research Paper No. 11-12
Number of pages: 40 Posted: 26 Mar 2011 Last Revised: 14 Mar 2015
Alexander F. Wagner and Christoph Wenk
University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 605 (26,145)
Citation 2

Abstract:

Say-on-pay, event study, corporate governance, executive compensation

7.

Value Reporting Quality, Operating Performance, and Stock Market Valuations

Swiss Finance Institute Research Paper No. 11-25
Number of pages: 64 Posted: 06 Jul 2011 Last Revised: 13 Oct 2015
Florian Eugster and Alexander F. Wagner
Stockholm School of Economics and University of Zurich - Department of Banking and Finance
Downloads 581 (25,532)

Abstract:

Value Reporting, voluntary disclosure quality, operating performance, portfolio analysis, disclosure

8.

Growth Options, Macroeconomic Conditions and the Cross-Section of Credit Risk

Journal of Financial Economics (JFE), 2013, vVol. 107, pp. 350-385, Swiss Finance Institute Research Paper No. 10-19
Posted: 17 Mar 2010 Last Revised: 23 Jan 2016
Marc Arnold, Alexander F. Wagner and Ramona Westermann
University of St. Gallen - School of Finance, University of Zurich - Department of Banking and Finance and Copenhagen Business School

Abstract:

Asset composition, capital structure, credit spread puzzle, equity premium, growth options, macroeconomic risk, value premium

9.

Preferences for Truthfulness: Heterogeneity Among and Within Individuals

American Economic Review, 2013, vol. 103, pp. 532-548, Swiss Finance Institute Research Paper No. 08-48
Number of pages: 40 Posted: 06 Jan 2009 Last Revised: 03 Jun 2013
Rajna Gibson, Carmen Tanner and Alexander F. Wagner
University of Geneva - Geneva Finance Research Institute (GFRI), University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 575 (28,533)
Citation 1

Abstract:

Ethics, incentives, protected values, social norms, earnings management, truthfulness, honesty

10.

Board Independence and Competence

Journal of Financial Intermediation, Vol. 20 (No. 1), p. 71-93, 2011, Swiss Finance Institute Research Paper No. 07-17
Number of pages: 33 Posted: 23 Jul 2007 Last Revised: 13 Oct 2014
Alexander F. Wagner
University of Zurich - Department of Banking and Finance
Downloads 562 (34,022)
Citation 4

Abstract:

Boards, Corporate Governance, Relational Contracts

11.

Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity

FEEM Working Paper No. 61.2002; and KSG Working Paper Series RWP 02-018
Number of pages: 16 Posted: 27 Aug 2002
Robert N. Stavins, Alexander F. Wagner and Gernot Wagner
Harvard University - Harvard Kennedy School (HKS), University of Zurich - Department of Banking and Finance and Harvard University - Harvard School of Engineering and Applied Sciences
Downloads 510 (40,292)
Citation 5

Abstract:

Sustainability, Dynamic Efficiency, Intergenerational Equity

Size and Momentum Profitability in International Stock Markets

Swiss Finance Institute Research Paper No. 15-29
Number of pages: 41 Posted: 21 Aug 2015 Last Revised: 11 Feb 2017
University of Zurich - Department of Banking and Finance, ETH Zürich, Bank for International Settlements (BIS) - Monetary and Economic Department, University of Zurich - Department of Banking and Finance and University of Kassel
Downloads 373 (60,725)
Citation 1

Abstract:

Size; momentum; international equity markets; asset pricing anomalies; trading costs

Size and Momentum Profitability in International Stock Markets

CEPR Discussion Paper No. DP10804
Number of pages: 108 Posted: 08 Sep 2015
University of Zurich - Department of Banking and Finance, Bank for International Settlements (BIS) - Monetary and Economic Department, ETH Zurich, University of Zurich - Department of Banking and Finance and University of Kassel
Downloads 0
Citation 1

Abstract:

asset pricing anomalies, international equity markets, momentum, size, transaction costs

13.

Private Options to Use Public Goods: Exploiting Revealed Preferences to Estimate Environmental Benefits

Harvard Law School, Public Law Working Paper No. 59; KSG Working Papers Series No. RWP03-013; FEEM Working Paper No. 49.2003
Number of pages: 32 Posted: 16 Apr 2003
Lori Snyder Bennear, Robert N. Stavins and Alexander F. Wagner
Duke University - Nicholas School for the Environment, Harvard University - Harvard Kennedy School (HKS) and University of Zurich - Department of Banking and Finance
Downloads 300 (76,390)
Citation 1

Abstract:

Revealed Preference, Environmental Benefits, Fishing Licenses, Recreational Fishing Day

14.
Downloads 285 ( 83,347)
Citation 31

Choosing (and Reneging on) Exchange Rate Regimes

Harvard Institute of Economic Research Discussion Paper No. 2008
Number of pages: 43 Posted: 05 Aug 2003
Alberto F. Alesina and Alexander F. Wagner
Harvard University - Department of Economics and University of Zurich - Department of Banking and Finance
Downloads 259 (91,980)
Citation 31

Abstract:

Choosing (and Reneging on) Exchange Rate Regimes

NBER Working Paper No. w9809
Number of pages: 31 Posted: 29 Jun 2003
Alberto F. Alesina and Alexander F. Wagner
Harvard University - Department of Economics and University of Zurich - Department of Banking and Finance
Downloads 26 (407,013)
Citation 31

Abstract:

Reading Managerial Tone: How Analysts and the Market Respond to Conference Calls

Swiss Finance Institute Research Paper No. 15-02
Number of pages: 66 Posted: 03 Feb 2015 Last Revised: 18 Jan 2016
Marina Druz, Alexander F. Wagner and Richard J. Zeckhauser
Ecole Polytechnique Fédérale de Lausanne - Ecole Polytechnique Fédérale de Lausanne, University of Zurich - Department of Banking and Finance and Harvard University - Harvard Kennedy School (HKS)
Downloads 183 (130,297)

Abstract:

Analysts, earnings conference calls, information transmission, managerial tone, price drift, textual analysis

Reading Managerial Tone: How Analysts and the Market Respond to Conference Calls

HKS Working Paper No. 16-004
Number of pages: 67 Posted: 22 May 2016
Marina Druz, Alexander F. Wagner and Richard J. Zeckhauser
Ecole Polytechnique Fédérale de Lausanne - Ecole Polytechnique Fédérale de Lausanne, University of Zurich - Department of Banking and Finance and Harvard University - Harvard Kennedy School (HKS)
Downloads 73 (260,543)

Abstract:

Analysts, earnings conference calls, information transmission, managerial tone, price drift, textual analysis

Tips and Tells from Managers: How Analysts and the Market Read between the Lines of Conference Calls

NBER Working Paper No. w20991
Number of pages: 64 Posted: 02 Mar 2015
Marina Druz, Alexander F. Wagner and Richard J. Zeckhauser
Ecole Polytechnique Fédérale de Lausanne - Ecole Polytechnique Fédérale de Lausanne, University of Zurich - Department of Banking and Finance and Harvard University - Harvard Kennedy School (HKS)
Downloads 24 (417,484)

Abstract:

Tips and Tells from Managers: How Analysts and the Market Read between the Lines of Conference Calls

CEPR Discussion Paper No. DP10364
Number of pages: 64 Posted: 02 Feb 2015
Marina Druz, Alexander F. Wagner and Richard J. Zeckhauser
Ecole Polytechnique Fédérale de Lausanne - Ecole Polytechnique Fédérale de Lausanne, University of Zurich - Department of Banking and Finance and Harvard University - Harvard Kennedy School (HKS)
Downloads 0

Abstract:

analysts, conference calls, market efficiency, textual analysis

Has the Pricing of Stocks Become More Global?

Swiss Finance Institute Research Paper No. 15-48
Number of pages: 79 Posted: 19 Nov 2015 Last Revised: 14 Apr 2016
Ivan Petzev, Andreas Schrimpf and Alexander F. Wagner
University of Zurich - Department of Banking and Finance, Bank for International Settlements (BIS) - Monetary and Economic Department and University of Zurich - Department of Banking and Finance
Downloads 203 (118,062)

Abstract:

International Asset Pricing, Size, Value, Momentum, Financial Integration, Factor Models

Has the Pricing of Stocks Become More Global?

BIS Working Paper No. 560
Number of pages: 82 Posted: 19 May 2016
Ivan Petzev, Andreas Schrimpf and Alexander F. Wagner
University of Zurich - Department of Banking and Finance, Bank for International Settlements (BIS) - Monetary and Economic Department and University of Zurich - Department of Banking and Finance
Downloads 51 (314,477)

Abstract:

International asset pricing, size, value, momentum, financial integration, factor models

Has the Pricing of Stocks Become More Global?

CEPR Discussion Paper No. DP10966
Number of pages: 78 Posted: 01 Dec 2015
Ivan Petzev, Andreas Schrimpf and Alexander F. Wagner
University of Zurich - Department of Banking and Finance, Bank for International Settlements (BIS) - Monetary and Economic Department and University of Zurich - Department of Banking and Finance
Downloads 0

Abstract:

factor models, financial integration, international asset pricing, momentum, size, value

Immigration and Voting for the Far Right

Journal of the European Economic Association, Forthcoming
Number of pages: 72 Posted: 12 Jul 2012 Last Revised: 02 Sep 2016
Martin Halla, Alexander F. Wagner and Josef Zweimüller
University of Innsbruck - Department of Public Finance, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Economics
Downloads 214 (114,728)

Abstract:

Immigration, political economy, voting

Does Immigration into Their Neighborhoods Incline Voters Toward the Extreme Right? The Case of the Freedom Party of Austria

IZA Discussion Paper No. 6575
Number of pages: 45 Posted: 26 May 2012
Martin Halla, Alexander F. Wagner and Josef Zweimüller
University of Innsbruck - Department of Public Finance, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Economics
Downloads 25 (412,179)

Abstract:

immigration, political economy, voting

18.

Satisfaction Not Guaranteed - Institutions and Satisfaction with Democracy in Western Europe

CESifo Working Paper Series No. 910
Number of pages: 39 Posted: 06 May 2003
Alexander F. Wagner, Mathias Dufour and Friedrich Schneider
University of Zurich - Department of Banking and Finance, Harvard University - Harvard Kennedy School (HKS) and Johannes Kepler University Linz - Department of Economics
Downloads 215 (107,886)

Abstract:

Satisfaction with Democracy, Political Economy, Institutions

19.

Loyalty and Competence in Public Agencies

Public Choice, Vol. 146 (No. 1/2), p. 145-162, 2011, Swiss Finance Institute Research Paper No. 08-34
Number of pages: 30 Posted: 26 Nov 2006 Last Revised: 13 Oct 2014
Alexander F. Wagner
University of Zurich - Department of Banking and Finance
Downloads 143 (154,503)
Citation 1

Abstract:

Public agencies, political economy, loyalty

Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade

Swiss Finance Institute Research Paper No. 17-06
Number of pages: 33 Posted: 02 Feb 2017 Last Revised: 22 Feb 2017
Alexander F. Wagner, Richard J. Zeckhauser and Alexandre Ziegler
University of Zurich - Department of Banking and Finance, Harvard University - Harvard Kennedy School (HKS) and University of Zurich - Department of Banking and Finance
Downloads 112 (235,604)

Abstract:

Stock returns, event study, corporate taxes, trade policy, corporate interest payments, post-news drift, election surprise

Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade

HKS Working Paper No. 17-005
Number of pages: 31 Posted: 07 Feb 2017
Alexander F. Wagner, Richard J. Zeckhauser and Alexandre Ziegler
University of Zurich - Department of Banking and Finance, Harvard University - Harvard Kennedy School (HKS) and University of Zurich - Department of Banking and Finance
Downloads 35 (371,304)

Abstract:

Stock Returns, Event Study, Corporate Taxes, Trade Policy, Corporate Interest Payments, Post-News Drift, Election Surprise

Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade

NBER Working Paper No. w23152
Number of pages: 31 Posted: 13 Feb 2017
Alexander F. Wagner, Richard J. Zeckhauser and Alexandre Ziegler
University of Zurich - Department of Banking and Finance, Harvard University - Harvard Kennedy School (HKS) and University of Zurich - Department of Banking and Finance
Downloads 3 (533,349)

Abstract:

21.

Satisfaction with Democracy and the Environment in Western Europe: A Panel Analysis

IZA Discussion Paper No. 1929, CESifo Working Paper Series No. 1660
Number of pages: 42 Posted: 26 Jan 2006
Alexander F. Wagner and Friedrich Schneider
University of Zurich - Department of Banking and Finance and Johannes Kepler University Linz - Department of Economics
Downloads 123 (175,535)
Citation 6

Abstract:

satisfaction with democracy, environment

22.

Neglected Risk in Financial Innovations: Evidence from Structured Product Counterparty Exposure

Swiss Finance Institute Research Paper No. 14-24, University of St.Gallen, School of Finance Research Paper No. 2014/6
Number of pages: 54 Posted: 02 Apr 2014 Last Revised: 10 Jan 2017
Marc Arnold, Dustin Robert Schuette and Alexander F. Wagner
University of St. Gallen - School of Finance, Independent and University of Zurich - Department of Banking and Finance
Downloads 85 (135,116)

Abstract:

Neglected risk, structured products, counterparty risk, investor attention

23.

Screening Budgets

Journal of Economic Behavior and Organization, Vol. 63 (No. 3), p. 351-374, 2006.
Number of pages: 40 Posted: 07 Jun 2006 Last Revised: 13 Oct 2014
Alexander F. Wagner, Nolan H. Miller and Richard J. Zeckhauser
University of Zurich - Department of Banking and Finance, University of Illinois at Urbana-Champaign and Harvard University - Harvard Kennedy School (HKS)
Downloads 71 (255,938)
Citation 1

Abstract:

Budgeting, screening, asymmetric information

24.

Satisfaction with Democracy and Collective Action Problems: The Case of the Environment

IZA Discussion Paper No. 3613
Number of pages: 38 Posted: 04 Aug 2008
Martin Halla, Friedrich Schneider and Alexander F. Wagner
University of Innsbruck - Department of Public Finance, Johannes Kepler University Linz - Department of Economics and University of Zurich - Department of Banking and Finance
Downloads 52 (284,243)
Citation 1

Abstract:

satisfaction with democracy, environmental economics and policy, collective action problems

25.

How Effective Are Social Norm Interventions? Evidence from a Laboratory Experiment on Managerial Honesty

Swiss Finance Institute Research Paper No. 15-01
Number of pages: 64 Posted: 30 Jan 2015 Last Revised: 12 Jun 2016
Rajna Gibson, Carmen Tanner and Alexander F. Wagner
University of Geneva - Geneva Finance Research Institute (GFRI), University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 38 (192,930)

Abstract:

Behavioral finance, honesty, social norm interventions, laboratory experiments, corporate governance

26.

The Ripple Effects of Deceptive Reporting

Swiss Finance Institute Research Paper No. 16-45
Number of pages: 44 Posted: 24 Aug 2015 Last Revised: 23 Jul 2016
Adam Eric Greenberg and Alexander F. Wagner
University of California, Los Angeles (UCLA) - Anderson School of Management and University of Zurich - Department of Banking and Finance
Downloads 6 (242,569)

Abstract:

Ethical decision-making, ripple effects, social norms, deception, honesty, experimental economics

27.

Solomonic Separation: Risk Decisions as Productivity Indicators

NBER Working Paper No. w18634
Number of pages: 55 Posted: 22 Dec 2012
Nolan H. Miller, Alexander F. Wagner and Richard J. Zeckhauser
University of Illinois at Urbana-Champaign, University of Zurich - Department of Banking and Finance and Harvard University - Harvard Kennedy School (HKS)
Downloads 3 (499,683)

Abstract:

28.

Relational Contracts When the Agent's Productivity Inside the Relationship is Correlated with Outside Opportunities

CEPR Discussion Paper No. DP8378
Number of pages: 52 Posted: 19 May 2011
Alexander F. Wagner
University of Zurich - Department of Banking and Finance
Downloads 2 (513,945)

Abstract:

Relational contracts, Repeated games

29.

Understanding Honesty: An Experiment Regarding Heterogeneous Responses to Situational Social Norms

CEPR Discussion Paper No. DP9880
Number of pages: 48 Posted: 02 Jun 2014
Rajna Gibson, Carmen Tanner and Alexander F. Wagner
University of Geneva - Geneva Finance Research Institute (GFRI), University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 1 (521,934)

Abstract:

Conformity, Honesty, Pro-social concern, Protected values, Self-signaling, Situational social norms

30.

Does Immigration into Their Neighborhoods Incline Voters Toward the Extreme Right? The Case of the Freedom Party of Austria

CEPR Discussion Paper No. DP9102
Number of pages: 56 Posted: 28 Sep 2012
Martin Halla, Alexander F. Wagner and Josef Zweimüller
University of Innsbruck - Department of Public Finance, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Economics
Downloads 1 (521,934)

Abstract:

immigration, political economy, voting

31.

Investing in Managerial Honesty

Swiss Finance Institute Research Paper No. 17-03
Number of pages: 60 Posted: 07 Feb 2017
Rajna Gibson, Matthias Sohn, Carmen Tanner and Alexander F. Wagner
University of Geneva - Geneva Finance Research Institute (GFRI), Zeppelin University, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 0 (415,043)

Abstract:

Honesty, earnings management, market segmentation, investor preferences, social value orientation, protected values, trust

32.

Which Swiss Gnomes Attract Money? Efficiency and Reputation as Performance Drivers of Wealth Management Banks

Swiss Finance Institute Research Paper No. 16-28
Number of pages: 39 Posted: 15 Mar 2016 Last Revised: 10 Jan 2017
University of Zurich - Faculty of Economics, Business Administration and Information Technology, University of Zurich - Department of Banking and Finance, UBS AG and University of Zurich - Department of Banking and Finance
Downloads 0 (211,884)

Abstract:

Wealth management, Reputation risk, Net new money, Cost-income ratio

33.

The Quality of Institutions and Satisfaction with Democracy in Western Europe - A Panel Analysis

European Journal of Political Economy, Vol. 25 (No. 1), p. 30-41, March 2009.
Posted: 02 Sep 2008 Last Revised: 13 Oct 2014
Alexander F. Wagner, Friedrich Schneider and Martin Halla
University of Zurich - Department of Banking and Finance, Johannes Kepler University Linz - Department of Economics and University of Innsbruck - Department of Public Finance

Abstract:

Satisfaction with democracy, political economy, institutions