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

35

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Top 6,409

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77

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Scholarly Papers (35)

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: 05 Apr 2018
Hendrik Hakenes and Isabel Schnabel
Finance Group and University of Bonn - Institute for Financial Economics and Statistics
Downloads 893 (25,012)

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

2.

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 585 (44,501)

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

3.

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 574 (45,572)

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

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 216 (138,346)

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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 184 (160,911)

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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 114 (238,963)

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

5.

Umbrella Branding and the Provision of Quality

CESifo Working Paper No. 1373
Number of pages: 33 Posted: 13 Jan 2005
Martin Peitz and Hendrik Hakenes
University of Mannheim - Department of Economics and Finance Group
Downloads 395 (72,436)

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umbrella branding, reputation transfer, signaling, experience goods

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 Frankfurt School of Finance & Management
Downloads 291 (101,738)

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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
Frankfurt School of Finance & Management and Finance Group
Downloads 7 (614,445)

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

7.

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

MPI Collective Goods Research Paper No. 2004/12
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 270 (110,794)

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

8.

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 235 (127,729)

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risk measures, downside risk, poverty measurement, shortfall risk

9.

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 224 (133,931)

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capital accumulation, neoclassical growth model

10.

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 200 (149,042)

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

11.

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 185 (160,099)

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

Small Banks and Local Economic Development

Bank of Finland Research Discussion Paper No. 5/2014
Number of pages: 52 Posted: 05 Feb 2014
Hendrik Hakenes, Iftekhar Hasan, Philip Molyneux and Ru Xie
Finance Group, Fordham University - Gabelli School of Business, University of Sharjah - College of Business Administration and University of Bath, School of management
Downloads 184 (160,911)

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small banks, regional economic growth

Small Banks and Local Economic Development

Posted: 14 Feb 2009 Last Revised: 28 May 2019
Hendrik Hakenes, Iftekhar Hasan, Philip Molyneux and Ru Xie
Finance Group, Fordham University - Gabelli School of Business, University of Sharjah - College of Business Administration and University of Bath, School of management

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banking structure, regional banks, regional economic growth

13.

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 182 (162,471)

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

14.

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 180 (164,126)

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Group work, Team size, Complementarities, Overconfidence

15.

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 165 (177,153)

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

16.

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 153 (188,876)

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

17.

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 143 (199,629)

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endogenous technological change, Malthus, long-run growth

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 135 (209,691)

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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 (669,724)
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Accounting conservatism, Financial reporting opacity, Private firms, Relationship lending, Small and medium enterprises

19.

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 136 (207,803)

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

20.

Selling Reputation When Going Out of Business

CESifo Working Papers No. 1213
Number of pages: 44 Posted: 20 Jul 2004
Hendrik Hakenes and Martin Peitz
Finance Group and University of Mannheim - Department of Economics
Downloads 133 (211,574)

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

21.
Downloads 128 (218,074)

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 127 (220,165)

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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 (669,724)
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banking regulation, complexity, financial stability, regulatory capture, reputational concerns, sophistication, special interests

22.
Downloads 128 (218,074)

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 127 (220,165)

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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 (669,724)
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certification, signalling, umbrella branding

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

Number of pages: 58 Posted: 01 Dec 2016 Last Revised: 01 Aug 2018
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 118 (232,884)

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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
Downloads 0
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Creditor rights, information sharing.

24.

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 111 (242,239)

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State aid, subsidized loans, public bank, governance

25.

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 101 (258,763)

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

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 - Faculty of Economics and Finance Group
Downloads 96 (267,515)

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Self-Control Problems, Teamwork, Relational Contracts

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 52 (380,845)

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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 43 (413,407)

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

28.

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 94 (271,134)

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

29.
Downloads 72 (318,451)

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 66 (337,856)

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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 6 (621,334)
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bank bail-outs, bank management compensation, bonus payments, limited and unlimited liability, risk-shifting, underinvestment

30.

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 - Faculty of Economics and Finance Group
Downloads 54 (368,486)

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

31.

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 50 (381,183)

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

32.

Market Depth, Leverage, and Speculative Bubbles

CESifo Working Paper Series No. 6806
Number of pages: 45 Posted: 16 Feb 2018
Zeno Enders and Hendrik Hakenes
University of Heidelberg and Finance Group
Downloads 40 (416,667)

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

33.

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 28 (468,328)

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

34.

Neoclassical Growth and the 'Trivial' Steady State

CEPR Discussion Paper No. 4943
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 (494,877)
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Capital accumulation, industrializtion, neoclassical growth model

35.

Observable Reputation Trading

International Economic Review, Vol. 48, No. 2, pp. 693-730, May 2007
Number of pages: 38 Posted: 11 Apr 2007
Hendrik Hakenes and Martin Peitz
Finance Group and University of Mannheim - Department of Economics
Downloads 13 (552,460)
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