Sascha Steffen

Frankfurt School of Finance & Management

Sonnemannstr. 9 -11

Frankfurt, 60314

Germany

http://www.sascha-steffen.de

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 2,299

SSRN RANKINGS

Top 2,299

in Total Papers Downloads

12,494

CITATIONS
Rank 4,445

SSRN RANKINGS

Top 4,445

in Total Papers Citations

120

Scholarly Papers (25)

1.
Downloads 1,239 ( 12,505)
Citation 3

Syndication, Interconnectedness, and Systemic Risk

Number of pages: 49 Posted: 19 Nov 2009 Last Revised: 14 Jan 2017
Washington University in St. Louis, University of Mannheim, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 999 (17,087)
Citation 3

Abstract:

Syndicated loans, interconnectedness, common exposures, systemic risk

Syndication, Interconnectedness, and Systemic Risk

NYU Working Paper No. 2451/31373
Number of pages: 50 Posted: 16 Dec 2011
Jian Cai, Anthony Saunders and Sascha Steffen
Washington University in St. Louis, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 240 (106,081)
Citation 3

Abstract:

2.

Exit Strategies of Buyout Investments - An Empirical Analysis

EFA 2008 Athens Meetings Paper
Number of pages: 54 Posted: 03 Mar 2008 Last Revised: 02 Jun 2009
Sascha Steffen, Daniel Schmidt and Franziska Szabó
Frankfurt School of Finance & Management, University of Frankfurt, CEPRES Center of Private Equity Research and affiliation not provided to SSRN
Downloads 989 (15,126)
Citation 6

Abstract:

Leveraged Buyouts, Private Equity, Exits, Business cycle

Falling Short of Expectations? Stress-Testing the European Banking System

Number of pages: 25 Posted: 23 Dec 2013
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 718 (27,811)
Citation 1

Abstract:

AQR, stress tests, banking union, bail-out

Falling Short of Expectations? Stress-Testing the European Banking System

CEPS Policy Brief No. 315
Number of pages: 21 Posted: 21 Jan 2014
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 169 (148,827)
Citation 1

Abstract:

ECB, Asset Quality Review, AQR, European banks, European Banking System

4.
Downloads 862 ( 21,748)
Citation 4

Covenant Violations and Dynamic Loan Contracting

Journal of Corporate Finance, Forthcoming, AFA 2013 San Diego Meetings Paper, NYU Working Paper No. FIN-11-042
Number of pages: 74 Posted: 20 Nov 2011 Last Revised: 24 May 2017
Goethe University Frankfurt - Department of Finance, Copenhagen Business School, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 726 (27,372)
Citation 4

Abstract:

Control Rights, Covenant Violation, Dynamic Loan Contracting, Stigma

Covenant Violations, Loan Contracting, and Default Risk of Bank Borrowers

NYU Working Paper No. 2451/31417
Number of pages: 42 Posted: 26 Jun 2013
New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management, Goethe University Frankfurt - Department of Finance and affiliation not provided to SSRN
Downloads 136 (179,081)
Citation 4

Abstract:

5.

The 'Greatest' Carry Trade Ever? Understanding Eurozone Bank Risks

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 29 Apr 2013 Last Revised: 30 Sep 2015
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 842 (22,465)
Citation 7

Abstract:

Sovereign debt crisis, banking crisis, risk-shifting, regulatory arbitrage, home bias

What Do a Million Observations Have to Say About Loan Defaults? Opening the Black Box of Relationships

Number of pages: 40 Posted: 17 Mar 2010 Last Revised: 30 Jan 2017
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 489 (46,310)
Citation 3

Abstract:

Bank lending, relationship specific information, discretion, loan defaults, monitoring, screening

On the Importance of Prior Relationships in Bank Loans to Retail Customers

ECB Working Paper No. 1395
Number of pages: 73 Posted: 21 Nov 2011
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 141 (173,936)
Citation 4

Abstract:

retail banking, relationships, default rates, monitoring, screening

Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects

Number of pages: 52 Posted: 02 May 2009 Last Revised: 15 Jun 2010
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 562 (38,717)
Citation 37

Abstract:

Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects

FDIC Working Paper No. 2011-05
Number of pages: 54 Posted: 10 Jan 2012
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 44 (356,129)
Citation 37

Abstract:

Global Retail Lending in the Aftermath of the Us Financial Crisis: Distinguishing between Supply and Demand Effects

NBER Working Paper No. w16967
Number of pages: 53 Posted: 25 Apr 2011
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 18 (476,743)
Citation 37

Abstract:

Government Guarantees and Bank Risk Taking Incentives

AFA 2012 Chicago Meetings Paper
Number of pages: 52 Posted: 15 Mar 2011 Last Revised: 12 Feb 2014
Goethe University Frankfurt - Department of Finance, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 387 (61,908)
Citation 6

Abstract:

Government Guarantees, Exits, Risk Taking, Franchise Value, Financial Crisis, Loans

Government Guarantees and Bank Risk Taking Incentives

ESMT Working Paper No. 14-02
Number of pages: 56 Posted: 13 Feb 2014
Goethe University Frankfurt - Department of Finance, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 126 (190,405)
Citation 6

Abstract:

Government guarantees, exits, risk taking, franchise value, financial crisis, loans

Government Guarantees and Bank Risk Taking Incentives

CESifo Working Paper Series No. 4706
Number of pages: 53 Posted: 16 Apr 2014
Goethe University Frankfurt - Department of Finance, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 110 (211,126)
Citation 6

Abstract:

government guarantees, exits, risk taking, franchise value, financial crisis, loans

9.

The Costs of Being Private: Evidence from the Loan Market

Review of Financial Studies, Forthcoming
Number of pages: 57 Posted: 01 Feb 2009 Last Revised: 30 May 2011
Anthony Saunders and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 607 (35,461)
Citation 27

Abstract:

Banks, Syndicated loans, Costs of being private

10.

Analyzing Systemic Risk of the European Banking Sector

Handbook on Systemic Risk, J.P. Fouque and J. Langsam, eds., Cambridge University Press, Forthcoming
Number of pages: 37 Posted: 23 Sep 2012
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 482 (30,628)
Citation 2

Abstract:

Banks, Systemic risk, Europe

Mind the Gap: The Difference between U.S. and European Loan Rates

Number of pages: 55 Posted: 30 Nov 2013 Last Revised: 04 Sep 2017
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and Copenhagen Business School
Downloads 399 (59,696)

Abstract:

Loans, corporate debt, fees, market integration, globalization

Mind the Gap: The Difference between U.S. and European Loan Rates

ZEW - Centre for European Economic Research Discussion Paper No. 16-018
Number of pages: 50 Posted: 12 Apr 2016
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and Copenhagen Business School
Downloads 37 (381,581)

Abstract:

Loans, corporate debt, fees, market integration, globalization

12.

The Total Cost of Corporate Borrowing in the Loan Market: Don't Ignore the Fees

Journal of Finance, Forthcoming
Number of pages: 49 Posted: 02 Nov 2012 Last Revised: 03 Apr 2015
Tobias Berg, Anthony Saunders and Sascha Steffen
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 397 (27,825)
Citation 1

Abstract:

Options and syndicated loans, fees, asymmetric information

13.

Bank Capital, Competition and Loan Spreads

Number of pages: 27 Posted: 14 Feb 2012 Last Revised: 15 Feb 2012
Markus Fischer, Julian A. Mattes and Sascha Steffen
Goethe University Frankfurt - Department of Finance, Goethe University Frankfurt - Department of Finance and Frankfurt School of Finance & Management
Downloads 334 (69,379)
Citation 3

Abstract:

capital ratio, competition, information asymmetry, loan spreads

14.

The Zero Risk Fallacy - Banks' Sovereign Exposure and Sovereign Risk Spillovers

Number of pages: 60 Posted: 13 Feb 2014 Last Revised: 12 Sep 2017
Karolin Kirschenmann, Josef Korte and Sascha Steffen
ZEW Center for European Economic Research, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 288 (25,935)

Abstract:

sovereign debt, sovereign risk, spillovers, bank risk, CDS, zero risk weight exemption

15.

Do Information Rents in Loan Spreads Persist over the Business Cycles?

Journal of Financial Services Research, Forthcoming
Number of pages: 29 Posted: 03 Mar 2008 Last Revised: 08 Feb 2012
Julian A. Mattes, Sascha Steffen and Mark Wahrenburg
Goethe University Frankfurt - Department of Finance, Frankfurt School of Finance & Management and Faculty of Economics and Business Administration
Downloads 258 (98,789)
Citation 10

Abstract:

Syndicated loans, Hold-up, Lending relationships, Business cycle

16.

Rules Versus Discretion in Bank Lending Decisions

Number of pages: 43 Posted: 20 Mar 2011
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 177 (117,840)
Citation 2

Abstract:

Bank lending, discretion, soft information, default rates

17.

Robustness, Validity and Significance of the ECB's Asset Quality Review and Stress Test Exercise

Number of pages: 42 Posted: 02 Nov 2014
Sascha Steffen
Frankfurt School of Finance & Management
Downloads 147 (103,880)

Abstract:

SSM, Banking Union, ECB, stress test

18.

The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks

NBER Working Paper No. w19039
Number of pages: 66 Posted: 11 May 2013
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 6 (511,326)
Citation 5

Abstract:

19.

Cutting Out the Middleman – The ECB as Corporate Bond Investor

Number of pages: 59 Posted: 19 Jun 2017 Last Revised: 07 Sep 2017
ESMT European School of Management and Technology, Frankfurt School of Finance & Management and Copenhagen Business School
Downloads 0 (232,732)

Abstract:

Monetary policy, CSPP, ECB, financial constraints, bond debt, real effects

20.

Diversification or Specialization? An Analysis of Distance and Collaboration in Loan Syndication Networks

Number of pages: 47 Posted: 25 Feb 2017
Washington University in St. Louis, University of Mannheim, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 0 (362,938)
Citation 1

Abstract:

Syndicated loans, Networks, Bank competition, Specialization, Screening

21.

Do Corporate Depositors Risk Everything for Nothing? The Importance of Deposit Relationships, Interest Rates and Bank Risk

Number of pages: 72 Posted: 21 Feb 2017
Goethe University Frankfurt, Copenhagen Business School, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 0 (265,346)

Abstract:

Auctions, Corporate Deposits, Financial Crisis, Banking Crisis, Relationship

22.

'Brexit' and the Contraction of Syndicated Lending

Number of pages: 39 Posted: 23 Nov 2016
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and Frankfurt School of Finance & Management
Downloads 0 (128,753)

Abstract:

Brexit, Syndicated Loans, Competition, Financial Centers

23.

Lender of Last Resort versus Buyer of Last Resort – Evidence from the European Sovereign Debt Crisis

ZEW - Centre for European Economic Research Discussion Paper No. 16-019
Number of pages: 61 Posted: 12 Apr 2016 Last Revised: 28 Aug 2017
Viral V. Acharya, Diane Pierret and Sascha Steffen
New York University - Leonard N. Stern School of Business, HEC - University of Lausanne and Frankfurt School of Finance & Management
Downloads 0 (72,512)

Abstract:

Bank-sovereign nexus, ECB, fire sales, unconventional monetary policy

24.

Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?

Number of pages: 57 Posted: 16 Nov 2015 Last Revised: 19 Sep 2017
New York University - Leonard N. Stern School of Business, Copenhagen Business School, Frankfurt School of Finance & Management and Goethe University Frankfurt - House of Finance
Downloads 0 (215,839)

Abstract:

Central bank liquidity, Unconventional monetary policy, Monetary policy transmission, Corporate deposits, Financial crisis, Banking crisis, Loans, Real Effects

25.

The Wolves of Wall Street: Managerial Attributes and Bank Business Models

Number of pages: 61 Posted: 08 Oct 2015 Last Revised: 16 Jun 2017
University of Edinburgh - Business School, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and University of Leeds - Division of Accounting and Finance
Downloads 0 (41,561)

Abstract:

Banks, managerial style, corporate governance, risk