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

36

DOWNLOADS
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7,178

SSRN CITATIONS
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SSRN RANKINGS

Top 4,312

in Total Papers Citations

148

CROSSREF CITATIONS

107

Scholarly Papers (36)

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 900 (26,329)

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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 602 (45,660)
Citation 14

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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 594 (46,461)
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 217 (145,874)
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 184 (170,263)
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 116 (249,403)
Citation 43

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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 408 (74,153)
Citation 1

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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 292 (107,485)

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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 8 (644,852)

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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 273 (116,109)
Citation 24

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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 236 (134,816)
Citation 1

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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 229 (138,824)

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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 206 (153,524)
Citation 1

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

11.
Downloads 195 (161,604)
Citation 20

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 195 (161,479)
Citation 20

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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

12.

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 189 (166,262)

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

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 184 (170,313)

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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 181 (172,927)
Citation 2

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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 169 (183,616)
Citation 5

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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 157 (195,505)
Citation 4

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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 148 (205,856)
Citation 1

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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 (708,301)
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Accounting conservatism, Financial reporting opacity, Private firms, Relationship lending, Small and medium enterprises

18.

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 146 (207,737)

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endogenous technological change, Malthus, long-run growth

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 144 (210,124)

Abstract:

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

20.
Downloads 137 (218,683)
Citation 4

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 136 (220,575)
Citation 4

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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 (708,301)
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banking regulation, complexity, financial stability, regulatory capture, reputational concerns, sophistication, special interests

21.

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 136 (219,944)

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

22.
Downloads 133 (223,902)
Citation 3

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 132 (225,930)
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 (708,301)
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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 129 (230,025)
Citation 1

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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.

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 114 (251,241)

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State aid, subsidized loans, public bank, governance

25.

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 110 (257,703)
Citation 4

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Self-Control Problems, Teamwork, Relational Contracts

26.

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 103 (269,758)
Citation 1

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

27.

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 102 (271,560)

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

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 (402,477)

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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 (437,085)

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

29.
Downloads 76 (326,355)
Citation 17

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 69 (348,436)
Citation 4

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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 (652,141)
Citation 2
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bank bail-outs, bank management compensation, bonus payments, limited and unlimited liability, risk-shifting, underinvestment

30.

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 66 (352,582)

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

31.

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 56 (382,812)

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

32.

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 51 (399,409)
Citation 1

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

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 30 (485,124)

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

34.

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 University of Bonn, Institute for Financial Economics and Statistics
Downloads 25 (511,869)

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Bank Runs, Deposit Base, Global Games, Financial Stability

35.

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 (523,547)
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Capital accumulation, industrializtion, neoclassical growth model

36.

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 (585,151)
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