Hendrik Hakenes

Finance Group

Professor

Adenauerallee 24-42

D-53113 Bonn

Germany

http://www.finance.uni-bonn.de/hakenes

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

37

DOWNLOADS
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9,394

SSRN CITATIONS
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SSRN RANKINGS

Top 4,364

in Total Papers Citations

278

CROSSREF CITATIONS

107

Scholarly Papers (37)

1.

Bank Size and Risk-Taking Under Basel II

MPI Collective Goods Preprint No. 2005/6
Number of pages: 35 Posted: 01 Jun 2005 Last Revised: 03 Feb 2023
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 944 (43,153)
Citation 12

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Basel II, IRB approach, bank competition, capital requirements, SME financing

2.

Exploiting the Financial Wisdom of the Crowd -- Crowdfunding as a Tool to Aggregate Vague Information

Number of pages: 31 Posted: 02 Aug 2014
Hendrik Hakenes and Friederike Schlegel
Finance Group and University of Bonn - Faculty of Law & Economics
Downloads 789 (55,110)
Citation 12

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Crowdfunding, Gatekeeper Function of Finance, Wisdom of the Crowds, Entrepreneurial Finance, Information Efficiency, Signaling

3.

Bank Competition and Capital Regulation

EFA 2007 Ljubljana Meetings Paper
Number of pages: 15 Posted: 02 Mar 2007
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 650 (71,091)
Citation 9

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Bank competition, loan market competition, capital regulation, risk-shifting, banking stability

Competition, Risk-Shifting, and Public Bail-Out Policies

Review of Financial Studies, Forthcoming, European Business School Research Paper No. 09-13
Number of pages: 42 Posted: 08 Jul 2009 Last Revised: 23 Nov 2010
Reint Gropp, Hendrik Hakenes and Isabel Schnabel
Halle Institute for Economic Research, Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 252 (207,962)
Citation 1

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government bail-out, implicit and explicit government guarantees, banking competition, risk-taking

Competition, Risk-Shifting, and Public Bail-Out Policies

Number of pages: 26 Posted: 02 Mar 2007
Reint Gropp, Hendrik Hakenes and Isabel Schnabel
Halle Institute for Economic Research, Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 216 (241,550)
Citation 1

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Government bail-out, banking competition, risk-taking

Competition, Risk-Shifting, and Public Bail-Out Policies

MPI Collective Goods Preprint, No. 2010/05
Number of pages: 54 Posted: 27 Jan 2010
Reint Gropp, Hendrik Hakenes and Isabel Schnabel
Halle Institute for Economic Research, Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 154 (326,492)
Citation 54

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Banking Competition, Government Bail-Out, Implicit and Explicit Government Guarantees, Risk-Taking

5.

Umbrella Branding and the Provision of Quality

Number of pages: 33 Posted: 13 Jan 2005
Martin Peitz and Hendrik Hakenes
University of Mannheim - Department of Economics and Finance Group
Downloads 464 (107,693)
Citation 3

Abstract:

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umbrella branding, reputation transfer, signaling, experience goods

6.

Responsible Investment and Responsible Consumption

Number of pages: 37 Posted: 18 May 2021 Last Revised: 09 Nov 2023
Hendrik Hakenes and Eva Schliephake
Finance Group and Catholic University of Portugal (UCP) - Catolica Lisbon School of Business and Economics
Downloads 424 (119,750)
Citation 2

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Socially responsible investment (SRI), socially responsible consumption (SRC), sustainable investment, green finance, ESG, SPI.

Money Market Derivatives and the Allocation of Liquidity Risk in the Banking Sector

EFA 2006 Zurich Meetings
Number of pages: 30 Posted: 12 Jun 2006
Hendrik Hakenes and Falko Fecht
Finance Group and Deutsche Bundesbank
Downloads 318 (163,534)

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Liquidity, money market derivatives, lines of credit, forward contracts, options

Money Market Derivatives and the Allocation of Liquidity Risk in the Banking Sector

Bundesbank Series 2 Discussion Paper No. 2006,12
Number of pages: 52 Posted: 08 Jun 2016
Falko Fecht and Hendrik Hakenes
Deutsche Bundesbank and Finance Group
Downloads 30 (818,808)

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Liquidity, money market derivatives, lines of credit, forward contracts, options

8.

Banks Without Parachutes - Competitive Effects of Government Bail-Out Policies

Number of pages: 32 Posted: 07 Oct 2004
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 304 (172,564)
Citation 41

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Government bail-out, banking competition, transparency, too big to fail, financial stability

9.
Downloads 279 (188,616)
Citation 24

Small Banks and Local Economic Development

Bank of Finland Research Discussion Paper No. 5/2014
Number of pages: 52 Posted: 05 Feb 2014
Finance Group, Fordham University, University of SharjahUniversity of Sharjah - College of Business Administration and University of Bath, School of management
Downloads 279 (187,633)
Citation 24

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small banks, regional economic growth

Small Banks and Local Economic Development

Posted: 14 Feb 2009 Last Revised: 28 May 2019
Finance Group, Fordham University, University of SharjahUniversity of Sharjah - College of Business Administration and University of Bath, School of management

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banking structure, regional banks, regional economic growth

10.

The Properties of Downside Risk Measures

Number of pages: 35 Posted: 09 Oct 2005
Carsten Breitmeyer, Hendrik Hakenes and Andreas Pfingsten
University of Muenster, Finance Group and University of Münster - Finance Center Münster
Downloads 269 (195,711)
Citation 1

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risk measures, downside risk, poverty measurement, shortfall risk

11.

Something Out of Nothing? Neoclassical Growth and the 'Trivial' Steady State

CESifo Working Paper Series No. 1671
Number of pages: 17 Posted: 23 Mar 2006
Hendrik Hakenes and Andreas Irmen
Finance Group and University of Luxembourg - Ceter for Research in Economic Analysis (CREA)
Downloads 254 (207,288)
Citation 1

Abstract:

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capital accumulation, neoclassical growth model

12.

On the Incentive Effect of Job Rotation

Number of pages: 25 Posted: 27 Feb 2014 Last Revised: 21 Jun 2016
Hendrik Hakenes and Svetlana Katolnik
Finance Group and Leibniz Universität Hannover
Downloads 253 (208,042)
Citation 3

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Career concerns, job rotation, task assignment, learning, incentives, reputation.

13.

Information Disclosure, Intertemporal Risk Sharing, and Stock Prices

Number of pages: 22 Posted: 16 Feb 2009
Tri Vi Dang and Hendrik Hakenes
Columbia University - Department of Economics and Finance Group
Downloads 231 (227,403)

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Financial reporting, disclosure, information policy, asset pricing, intertemporal risk sharing, general equilibrium

14.

The Threat of Capital Drain: A Rationale for Public Banks?

MPI Collective Goods Preprint No. 2006/11
Number of pages: 36 Posted: 07 Jun 2006
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 224 (234,060)
Citation 7

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Public banks, cooperative banks, capital drain, credit rationing, financial integration, privatization

15.

What Influences Banks' Choice of Risk Management Tools? Theory and Evidence

DIW Berlin Discussion Paper No. 1349
Number of pages: 57 Posted: 07 Dec 2013 Last Revised: 31 Jan 2014
Dilek Bulbul, Hendrik Hakenes and Claudia Lambert
Goethe University Frankfurt - House of Finance, Finance Group and European Central Bank (ECB)
Downloads 220 (238,126)
Citation 1

Abstract:

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risk management, credit risk, credit portfolio modeling, credit risk transfer

16.

Optimal Team Size and Overconfidence

Number of pages: 29 Posted: 17 Nov 2013
Hendrik Hakenes and Svetlana Katolnik
Finance Group and Leibniz Universität Hannover
Downloads 219 (239,103)
Citation 2

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Group work, Team size, Complementarities, Overconfidence

17.

Bankers’ Bonuses and Speculative Bubbles

MPI Collective Goods Preprint, No. 2010/44, University of Heidelberg, Department of Economics Discussion Paper No. 567
Number of pages: 45 Posted: 10 Nov 2010 Last Revised: 17 Feb 2015
Zeno Enders and Hendrik Hakenes
University of Heidelberg and Finance Group
Downloads 217 (241,180)

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Bubbles, Rational Expectations, Market Depth, Liquidity, Financial Crises, Leveraged Investment, Bonuses, Capital Structure

Creditor Rights, Information Sharing, and Borrower Behavior: Theory and Evidence

Number of pages: 60 Posted: 01 Dec 2016 Last Revised: 24 Jan 2022
John H. Boyd, Hendrik Hakenes and Amanda Heitz
University of Minnesota - Twin Cities - Carlson School of Management, Finance Group and A.B. Freeman School of Business Tulane University
Downloads 209 (249,157)
Citation 1

Abstract:

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Creditor rights, information sharing

The Effects of Creditor Rights and Bank Information Sharing on Borrower Behavior: Theory and Evidence

CEPR Discussion Paper No. DP11699
Number of pages: 50 Posted: 16 Dec 2016
John H. Boyd, Hendrik Hakenes and Amanda Heitz
University of Minnesota - Twin Cities - Carlson School of Management, Finance Group and A.B. Freeman School of Business Tulane University
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Creditor rights, information sharing.

19.
Downloads 190 (272,242)
Citation 9

Regulatory Capture by Sophistication

Number of pages: 33 Posted: 29 Nov 2014
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 189 (273,155)
Citation 12

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Regulatory capture, special interests, banking regulation, sophistication, reputational concerns, financial stability, complexity

Regulatory Capture by Sophistication

CEPR Discussion Paper No. DP10100
Number of pages: 36 Posted: 25 Sep 2014
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 1 (1,093,677)
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banking regulation, complexity, financial stability, regulatory capture, reputational concerns, sophistication, special interests

20.

Credit Risk Transfer and Bank Competition

MPI Collective Goods Preprint, No. 2009/33
Number of pages: 47 Posted: 07 Nov 2009
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 190 (272,242)
Citation 5

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access to credit, bank competition, credit derivatives, Credit risk transfer, public and private information

Insider Lending, Conservatism, and Accounting Standards

Number of pages: 39 Posted: 27 Mar 2014 Last Revised: 21 Jun 2017
Jochen Bigus and Hendrik Hakenes
Free University Berlin, Department Accounting and Finance and Finance Group
Downloads 185 (278,324)
Citation 2

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accounting conservatism, financial reporting opacity, private firms, insider lending, relationship lending

Does Relationship Lending Require Opaque (and Conservative) Financial Reporting?

CEPR Discussion Paper No. DP9934
Number of pages: 38 Posted: 02 Jun 2014
Jochen Bigus and Hendrik Hakenes
Free University Berlin, Department Accounting and Finance and Finance Group
Downloads 1 (1,093,677)
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Accounting conservatism, Financial reporting opacity, Private firms, Relationship lending, Small and medium enterprises

22.

Selling Reputation When Going Out of Business

Number of pages: 44 Posted: 20 Jul 2004
Hendrik Hakenes and Martin Peitz
Finance Group and University of Mannheim - Department of Economics
Downloads 174 (294,116)

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reputation, ownership change, intangible asset, theory of the firm

23.

On the Long-Run Evolution of Technological Knowledge

CESifo Working Paper Series No. 1483
Number of pages: 19 Posted: 21 Jul 2005
Hendrik Hakenes and Andreas Irmen
Finance Group and University of Luxembourg - Ceter for Research in Economic Analysis (CREA)
Downloads 162 (312,570)

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endogenous technological change, Malthus, long-run growth

24.
Downloads 151 (331,521)
Citation 4

Umbrella Branding and External Certification

MPI Collective Goods Preprint, No. 2008/10
Number of pages: 27 Posted: 08 Apr 2008
Hendrik Hakenes and Martin Peitz
Finance Group and University of Mannheim - Department of Economics
Downloads 150 (333,797)
Citation 1

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Umbrella branding, certification, signalling

Umbrella Branding and External Certification

CEPR Discussion Paper No. DP6601
Number of pages: 27 Posted: 06 Jun 2008
Hendrik Hakenes and Martin Peitz
Finance Group and University of Mannheim - Department of Economics
Downloads 1 (1,093,677)
Citation 1
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certification, signalling, umbrella branding

25.

Market Depth, Leverage, and Speculative Bubbles

CESifo Working Paper Series No. 6806
Number of pages: 44 Posted: 29 Oct 2019
Zeno Enders and Hendrik Hakenes
University of Heidelberg and Finance Group
Downloads 147 (338,882)

Abstract:

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bubbles, rational expectations, market size, liquidity, financial crises, leveraged investment, capital structure

26.

Teamwork as a Self-Disciplining Device

Number of pages: 50 Posted: 29 Nov 2014 Last Revised: 22 Jul 2017
Matthias Fahn and Hendrik Hakenes
Ludwig Maximilian University of Munich (LMU) - Faculty of Economics and Finance Group
Downloads 147 (338,882)
Citation 10

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Self-Control Problems, Teamwork, Relational Contracts

27.

Information Disclosure, Intertemporal Risk Sharing, and Asset Prices

MPI Collective Goods Preprint No. 2010/36
Number of pages: 32 Posted: 02 Sep 2010
Tri Vi Dang and Hendrik Hakenes
Columbia University - Department of Economics and Finance Group
Downloads 145 (342,582)
Citation 1

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Financial Reporting, Disclosure, Information Policy, Asset Pricing, Intertemporal Risk Sharing, General Equilibrium

28.

The Politician and His Banker

CESifo Working Paper Series No. 2153, MPI Collective Goods Preprint, No. 2008/1
Number of pages: 30 Posted: 02 Mar 2007
Hendrik Hakenes and Christa Hainz
Finance Group and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 133 (366,463)

Abstract:

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Public bank, development bank, state aid, subsidies, governance

29.

The Politician and His Banker - How to Efficiently Grant State Aid

Ifo Working Paper No. 71
Number of pages: 29 Posted: 17 Jun 2009 Last Revised: 04 Aug 2009
Christa Hainz and Hendrik Hakenes
CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute and Finance Group
Downloads 132 (368,554)
Citation 4

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State aid, subsidized loans, public bank, governance

30.

The Deposit Base – Multibanking and Bank Stability

CRC TR 224 Discussion Paper Series, 2019
Number of pages: 36 Posted: 06 Aug 2019
Hendrik Hakenes and Eva Schliephake
Finance Group and Catholic University of Portugal (UCP) - Catolica Lisbon School of Business and Economics
Downloads 128 (377,227)

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Bank Runs, Deposit Base, Global Games, Financial Stability

I Spy with My Little Eye...A Banking Crisis -- Early Warnings and Incentive Schemes in Banks

Number of pages: 37 Posted: 18 Dec 2013 Last Revised: 06 Dec 2014
Hendrik Hakenes and Friederike Schlegel
Finance Group and University of Bonn - Faculty of Law & Economics
Downloads 69 (571,928)

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Banking crises, information propagation, information efficiency, incentives, compensation, regulation

I Spy with my Little Eye ... A Banking Crisis - Early Warnings and Incentive Schemes in Banks

CESifo Working Paper Series No. 5140
Number of pages: 38 Posted: 16 Jan 2015
Hendrik Hakenes and Friederike Schlegel
Finance Group and University of Bonn - Faculty of Law & Economics
Downloads 59 (621,471)

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banking crises, information propagation, information efficiency, incentives, compensation regulation

32.

Teamwork as a Self-Discipline Device

CESifo Working Paper Series No. 5131
Number of pages: 27 Posted: 16 Jan 2015
Matthias Fahn and Hendrik Hakenes
Ludwig Maximilian University of Munich (LMU) - Faculty of Economics and Finance Group
Downloads 103 (442,129)

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procrastination, hyperbolic discounting, self-control problems, teamwork, relational contracts

33.
Downloads 102 (445,226)
Citation 23

Bank Bonuses and Bail-Outs

MPI Collective Goods Preprint, No. 2013/03
Number of pages: 40 Posted: 02 Mar 2013
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 95 (470,485)
Citation 5

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bonus payments, bank bail-outs, bank management compensation, risk-shifting, underinvestment, limited and unlimited liability

Bank Bonuses and Bail-Outs

CEPR Discussion Paper No. DP8852
Number of pages: 38 Posted: 01 Mar 2012
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 7 (1,044,752)
Citation 4
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bank bail-outs, bank management compensation, bonus payments, limited and unlimited liability, risk-shifting, underinvestment

34.

Face Masks, Yeast, and Toilet Paper: Panic Purchases and Stockpiling

Number of pages: 26 Posted: 21 Mar 2021
Hendrik Hakenes
Finance Group
Downloads 96 (463,638)

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Stockpiling, hoarding, panic purchases, scarce goods, price stickiness, COVID-19, resilience

35.

Capital Market Frictions and Economic Geography

Number of pages: 28 Posted: 31 Jan 2014
Hendrik Hakenes and Jan Kranich
Finance Group and Leibniz Universität Hannover
Downloads 88 (489,891)
Citation 1

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Capital market frictions, moral hazard, economic geography, core-periphery

36.

Divide et Impera: Curbing Employees' Duties to Remain in Office

Number of pages: 27 Posted: 27 Feb 2014 Last Revised: 22 Jul 2017
Hendrik Hakenes and Svetlana Katolnik
Finance Group and Leibniz Universität Hannover
Downloads 49 (664,828)

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Direct Reports, Managerial Replacement, Entrenchment, Organizational Authority, Task Delegation, Learning

37.

Neoclassical Growth and the 'Trivial' Steady State

Number of pages: 15 Posted: 25 May 2005
Hendrik Hakenes and Andreas Irmen
Finance Group and University of Luxembourg - Ceter for Research in Economic Analysis (CREA)
Downloads 23 (854,798)
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Capital accumulation, industrializtion, neoclassical growth model