Utz Weitzel

Radboud University - Economics Department, IMR

Prof of Finance

Nijmegen, 6500 HK

Netherlands

VU University Amsterdam - Finance

De Boelelaan 1105

Amsterdam

Netherlands

SCHOLARLY PAPERS

39

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CITATIONS
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58

Scholarly Papers (39)

1.

Theory and Evidence on Mergers and Acquisitions by Small and Medium Enterprises

International Journal of Entrepreneurship and Innovation Management, Vol. 14, Nos. 2/3, 2011
Number of pages: 28 Posted: 28 Oct 2012
Utz Weitzel and Killian J. McCarthy
Radboud University - Economics Department, IMR and University of Groningen - SOM Research School
Downloads 1,240 (15,532)

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mergers, acquisitions, small and medium sized enterprises

2.

Accrual-Based and Real Earnings Management and Political Connections

International Journal of Accounting (Volume 50, Issue 2, June 2015, Pages 111–141)
Number of pages: 47 Posted: 07 Feb 2015 Last Revised: 28 Sep 2015
Radboud University Nijmegen, University of Surrey - Surrey Business School, Radboud University - Economics Department, IMR and Middlesex University
Downloads 466 (60,066)
Citation 2

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Real earnings management; Accrual earnings management; Political connection; Public monitoring

3.

Rankings and Risk-Taking in the Finance Industry

Journal of Finance, 2018
Number of pages: 88 Posted: 09 Apr 2016 Last Revised: 07 Dec 2018
University of Innsbruck, Max Planck Institute for Research on Collective Goods and Radboud University - Economics Department, IMR
Downloads 406 (71,045)
Citation 4

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Experimental finance, behavioral finance, rank incentives, rankings, financial professionals, investment game, framed field experiment, tournament incentives

4.

Growth and Innovation Strategies in Global Competition

published in 2007 as: U. Weitzel (2007): “Growth and Innovation Strategies in Global Competition”, in Saee, John (ed.), “Contemporary Coporate Strategy”, Routledge Studies in International Business and the World Economy, Routledge UK.
Number of pages: 27 Posted: 13 Oct 2005 Last Revised: 10 Feb 2013
Utz Weitzel
Radboud University - Economics Department, IMR
Downloads 339 (87,510)

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firm dynamics, multinational enterprise, research and development

5.

Cross-Border Takeovers, Corruption, and Related Aspects of Governance

published version available: U. Weitzel & S. Berns (2006): “Cross-border Mergers, Government Effectiveness, and Related Aspects of Corruption”, Journal of International Business Studies, 37, 786-806.
Number of pages: 39 Posted: 19 Jun 2006 Last Revised: 10 Feb 2013
Utz Weitzel and Sjors Berns
Radboud University - Economics Department, IMR and Deloitte Consulting, Netherlands
Downloads 292 (103,085)

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corruption, mergers and acquisitions, multinational enterprise, governance, foreign direct investment, institutions

Effects of Acquisitions on Product and Process Innovation and R&D Performance

published version available: E. Cefis, S. Rosenkranz, & U. Weitzel (2009): “Effects of acquisitions on product and process innovation and R&D performance”, Journal of Economics, 96(3), 193-222
Number of pages: 33 Posted: 01 Nov 2005 Last Revised: 01 Mar 2015
University of Bergamo - Department of Economics, Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 231 (130,941)
Citation 3

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Mergers and Acquisitions, Innovation, Dynamic Efficiency, Cost Reduction, Product Differentiation

Effects of Acquisitions on Product and Process Innovation and R&D Performance

CEPR Discussion Paper No. 5275
Number of pages: 34 Posted: 18 Nov 2005
University of Bergamo - Department of Economics, Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 14 (575,676)
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Mergers and acquisitions, innovation, dynamic efficiency, cost reduction, product differentiation

7.

Work Context and Employee Behaviour as Antecedents for Intrapreneurship

Number of pages: 30 Posted: 07 Feb 2013
J.P.C. Rigtering and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 213 (142,170)

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Intrapreneurship, Corporate Entrepreneurship, Entrepreneurial Orientation, Social Exchange Theory, Trust in Manager, Organisational Structure

8.

Shareholders' Expectations, Aspiration Levels and Mergers

E. Diecidue, J. van de Ven, J., U. Weitzel (2012): "Shareholder optimism: Shareholders' Expectations, Aspiration Levels and Mergers" in McCarthy, K.J., Dolfsma, W. (eds.) "Understanding Mergers and Acquisitions in the 21st Century", Palgrave Macmillan, pp.148-164.
Number of pages: 22 Posted: 11 Mar 2008 Last Revised: 12 Nov 2012
INSEAD – Decision Sciences, University of Amsterdam and Radboud University - Economics Department, IMR
Downloads 181 (165,239)

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aspiration level, mergers and acquisitions, market-driven takeovers, overvaluation

9.
Downloads 175 (170,322)
Citation 1

Bargaining in Mergers and Termination Fees

Tjalling C. Koopmans Discussion Paper Series
Number of pages: 28 Posted: 01 Mar 2007
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 169 (175,697)
Citation 2

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mergers and acquisitions, bargaining, outside option, termination fees, break-up fees, lockups

Bargaining in Mergers and Termination Fees

CEPR Discussion Paper No. DP6210
Number of pages: 31 Posted: 22 May 2008
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 6 (630,875)
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Bargaining, break-up fees, lockups, mergers and acquisitions, outside option, termination fees

10.

Network Structure and Strategic Investments: An Experimental Analysis

revised version of this discussion paper published as: S. Rosenkranz, U. Weitzel (2012): “Network Structure and Strategic Investments: An Experimental Analysis”, Games and Economic Behavior, 75 (2): 898-920
Number of pages: 37 Posted: 23 May 2008 Last Revised: 16 Feb 2013
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 147 (197,420)

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Social networks, experiment, coordination, strategic substitutes, risk aversion

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

IZA Discussion Paper No. 7796
Number of pages: 40 Posted: 15 Dec 2013
Utrecht University, London School of Economics & Political Science (LSE), Florida International University, Eugenio Pino & Family Global Entrepreneurship Center and Radboud University - Economics Department, IMR
Downloads 146 (199,017)

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foreign direct investment, entrepreneurship, new firm entry, spillovers

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

CEPR Discussion Paper No. DP9793
Number of pages: 41 Posted: 02 Jun 2014
Utrecht University, London School of Economics & Political Science (LSE), George Washington U; Center for Entrepreneurial Excellence and Radboud University - Economics Department, IMR
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entrepreneurship, foreign direct investment, new firm entry, spillovers

12.

Bubbles and Financial Professionals

Number of pages: 120 Posted: 16 Mar 2018 Last Revised: 18 Apr 2019
Radboud University - Economics Department, IMR, University of Innsbruck, University of Innsbruck, University of Innsbruck, Max Planck Institute for Research on Collective Goods and University of Innsbruck
Downloads 132 (215,438)
Citation 2

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Experimental finance, financial professionals, price efficiency, financial bubbles

13.

Sold Below Value? Why Takeover Offers Can Have Negative Premiums

Financial Management, Forthcoming
Number of pages: 68 Posted: 25 Nov 2012 Last Revised: 26 Aug 2017
Utz Weitzel and Gerhard Kling
Radboud University - Economics Department, IMR and University of London - School of Oriental and African Studies (SOAS)
Downloads 124 (225,980)
Citation 2

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negative premiums, hidden earnout, overvaluation

14.

Individual Speculative Behavior and Overpricing in Experimental Asset Markets

Experimental Economics, Forthcoming, DOI: 10.1007/s10683-018-9565-4
Number of pages: 21 Posted: 15 Mar 2015 Last Revised: 12 Mar 2018
Radboud University Nijmegen - Department of Economics, Radboud University Nijmegen - Institute for Management Research and Radboud University - Economics Department, IMR
Downloads 123 (227,312)
Citation 2

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Speculation, Experimental Asset Markets, Finance, Bubble

15.

Individual Search and Social Networks

FEEM Working Paper No. 49.2014
Number of pages: 45 Posted: 28 May 2014
University of Cambridge, Utrecht University - School of Economics, Radboud University - Economics Department, IMR and Utrecht University - Department of Sociology/ICS
Downloads 97 (268,719)
Citation 1

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Social networks

16.

Does Ambiguity Aversion Survive in Experimental Asset Markets?

Journal of Economic Behavior and Organization, Forthcoming
Number of pages: 57 Posted: 03 Mar 2013 Last Revised: 27 Mar 2014
Radboud University Nijmegen - Institute for Management Research, University of Goettingen (Gottingen) and Radboud University - Economics Department, IMR
Downloads 92 (278,093)

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17.

Security Analyst Target Prices as Reference Point and Takeover Completion

Number of pages: 44 Posted: 27 Feb 2017
Dirk Gerritsen and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 87 (288,078)

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Security Analysts, Target Prices, Mergers and Acquisitions, Reference Point, Anchoring, Completion

18.

Reference Dependence and Loss Aversion in Probabilities: Theory and Experiment of Ambiguity Attitudes

Number of pages: 24 Posted: 15 Dec 2011 Last Revised: 04 Mar 2013
Jianying Qiu and Utz Weitzel
Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and Radboud University - Economics Department, IMR
Downloads 79 (305,495)
Citation 1

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Ambiguity Aversion, Reference Point, Comparison, Experiment

19.

Delegated Decision Making and Social Competition in the Finance Industry

Number of pages: 54 Posted: 24 May 2018 Last Revised: 19 Apr 2019
University of Innsbruck, Max Planck Institute for Research on Collective Goods and Radboud University - Economics Department, IMR
Downloads 72 (322,164)
Citation 3

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experimental finance, behavioral finance, social competition, rank incentives, financial professionals, delegated decision making, investment game, lab-in-the-field experiment

20.

Trust and Risk Revisited

Journal of Economic Psychology, Vol. 57, 2016
Number of pages: 39 Posted: 15 Nov 2014 Last Revised: 13 Dec 2016
Leiden University - Department of Economics, University of Arizona, Radboud University Nijmegen - Department of Economics and Radboud University - Economics Department, IMR
Downloads 69 (329,846)
Citation 1

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Trust, trust game, decision making under uncertainty, risk, ambiguity, sources of uncertainty

21.

What Drives Risk Perception? A Global Survey with Financial Professionals and Lay People

Number of pages: 27 Posted: 17 May 2019
University of Innsbruck, Department of Banking and Finance, University of Innsbruck, University of Innsbruck, Max Planck Institute for Research on Collective Goods, Radboud University - Economics Department, IMR and Radboud University
Downloads 66 (337,803)

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Risk perception, investment propensity, financial professionals

22.

Testing the Fire-Sale FDI Hypothesis for the European Financial Crisis

Journal of International Money and Finance, Forthcoming
Number of pages: 39 Posted: 02 Apr 2014
Utz Weitzel, Gerhard Kling and Dirk Gerritsen
Radboud University - Economics Department, IMR, University of London - School of Oriental and African Studies (SOAS) and Utrecht University - School of Economics
Downloads 66 (337,803)

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merger, acquisition, European Union, financial crisis, foreign direct investment, cross-border, country risk, fire-sale

23.

Experimental Evidence on Valuation and Learning with Multiple Priors

Number of pages: 33 Posted: 27 Jan 2013 Last Revised: 20 Dec 2015
Jianying Qiu and Utz Weitzel
Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and Radboud University - Economics Department, IMR
Downloads 63 (345,952)
Citation 1

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ambiguity, uncertainty, risk, multiple priors, Bayesian updating, first-order beliefs, second-order beliefs

24.

Experimental Evidence on Valuation with Multiple Priors

Journal of Risk and Uncertainty, 2016, Forthcoming
Number of pages: 36 Posted: 21 Dec 2015
Jianying Qiu and Utz Weitzel
Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and Radboud University - Economics Department, IMR
Downloads 54 (372,944)

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ambiguity, multiple priors, valuations, experiment

25.

Randomness and the Madness of Crowds

Chapter in "The Challenge of Chance", eds. Klaas Landsman & Ellen van Wolde (Springer-Verlag, Heidelberg, 2016). Written for a general audience.
Number of pages: 25 Posted: 27 Nov 2015
Utz Weitzel and Stephanie Rosenkranz
Radboud University - Economics Department, IMR and Utrecht University - School of Economics
Downloads 46 (399,729)

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26.

Fight or Freeze? Individual Differences in Investors’ Motivational Systems and Trading in Experimental Asset Markets

published version of this discussion paper available: K. Muehlfeld, U. Weitzel, A. van Witteloostuijn (2013): “Fight or Freeze? Individual Differences in Investors’ Motivational Systems and Trading in Experimental Asset Markets”, Journal of Economic Psychology, 34: 195-209
Number of pages: 34 Posted: 31 Oct 2012 Last Revised: 10 Feb 2013
University of Trier - Faculty of Management, Radboud University - Economics Department, IMR and University of Antwerp
Downloads 41 (417,943)

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Individual decision making, Investment decisions, Behavioral Approach System/Behavioral Inhibition System, Experimental asset markets, Fundamental shocks

27.

Ambiguity and Risk Measures in the Lab and Students’ Real-Life Borrowing Behavior

Journal of Behavioral and Experimental Economics, Forthcoming
Number of pages: 36 Posted: 19 Mar 2016 Last Revised: 13 Dec 2016
Kim Fairley and Utz Weitzel
Leiden University - Department of Economics and Radboud University - Economics Department, IMR
Downloads 32 (455,141)

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ambiguity aversion; likelihood insensitivity; risk aversion, borrowing behavior; student loans

Entrepreneurs’ Exploratory Perseverance in Learning Settings

Entrepreneurship, Theory & Practice, Forthcoming
Number of pages: 54 Posted: 22 Nov 2015
Katrin Muehlfeld, Diemo Urbig and Utz Weitzel
University of Trier - Faculty of Management, University of Wuppertal and Radboud University - Economics Department, IMR
Downloads 30 (476,810)

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Perseverance; Entrepreneurial cognition; Exploration; Iowa Gambling Task

Entrepreneurs’ Exploratory Perseverance in Learning Settings

Entrepreneurship Theory and Practice, Vol. 41, Issue 4, pp. 533-565, 2017
Number of pages: 33 Posted: 04 Jul 2017
Katrin Muehlfeld, Diemo Urbig and Utz Weitzel
University of Trier - Faculty of Management, University of Wuppertal and Radboud University - Economics Department, IMR
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29.

'Breaking and Entering' of Contracts as a Matter of Bargaining Power and Exclusivity Clauses

Number of pages: 37 Posted: 03 Mar 2013
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 30 (464,572)
Citation 1

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sequential bargaining, bargaining power, outside option, liquidated damage rules, termination fees, exclusivity agreements

30.

Social Preferences on Networks

Number of pages: 62 Posted: 22 Aug 2018 Last Revised: 12 Jul 2019
Utrecht University - Utrecht University School of Economics, Utrecht University - School of Economics, Radboud University - Economics Department, IMR and Utrecht University School of Economics
Downloads 29 (469,320)

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Social preferences, network games, equilibrium selection

31.

Determinants of Investor Expectations and Satisfaction: A Study With Financial Professionals

Number of pages: 25 Posted: 04 Nov 2018
University of Innsbruck - Department of Banking and Finance, University of Innsbruck, Max Planck Institute for Research on Collective Goods and Radboud University - Economics Department, IMR
Downloads 23 (501,275)

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Investor Satisfaction, Price Expectations, Financial Professionals, Experimental Finance, Investor Behavior

32.

Is it Trust We Model? An Attempt to Calculate the Non-Calculative

CEPR Discussion Paper No. 5067
Number of pages: 28 Posted: 04 Aug 2005
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 22 (507,086)
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Trust, framing, focal points, alliances, cooperation

33.

Social Status and Risk-Taking in Investment Decisions

MPI Collective Goods Discussion Paper, No. 2019/7
Number of pages: 38 Posted: 06 May 2019
Max Planck Institute for Research on Collective Goods, University of Innsbruck, Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 16 (541,897)

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experimental finance, behavioral economics, investment game, rank incentives, social status, reputational motives

34.

The Effect of Pledges on the Distribution of Lying Behavior: an Online Experiment

Number of pages: 28 Posted: 13 Jun 2019
University of Mannheim - Department of Economics, Utrecht University - School of Economics and Radboud University - Economics Department, IMR
Downloads 5 (610,687)

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lying, truth pledge, extreme liars, loss aversion, online experiment

35.

Risk Aversion and Overbidding in First Price Sealed Bid Auctions: New Experimental Evidence

Economic Inquiry, Vol. 57, Issue 1, pp. 631-647, 2019
Number of pages: 17 Posted: 05 Dec 2018
Radboud University Nijmegen - Institute for Management Research, Radboud University Nijmegen - Department of Economics and Radboud University - Economics Department, IMR
Downloads 0 (666,078)
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36.

Information Acquisition and Exchange in Social Networks

The Economic Journal, Vol. 127, Issue 606, pp. 2302-2331, 2017
Number of pages: 30 Posted: 20 Nov 2017
University of Cambridge, Utrecht University - School of Economics, Radboud University - Economics Department, IMR and Utrecht University - Department of Sociology/ICS
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37.

Does Risk Aversion Cause Overbidding? New Experimental Evidence from First Price Sealed Bid Auctions

Radboud University, IMR, NiCE Working Paper 16-03
Posted: 25 Jul 2016 Last Revised: 16 Mar 2019
Radboud University Nijmegen - Institute for Management Research, Radboud University Nijmegen - Department of Economics and Radboud University - Economics Department, IMR

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Auction, Overbidding, Risk Aversion, Experimental Economics

38.

The Effects of Cross‐Border and Cross‐Industry Mergers and Acquisitions on Home‐Region and Global Multinational Enterprises

British Journal of Management, Vol. 25, pp. S116-S132, 2014
Number of pages: 17 Posted: 04 Jan 2014
University of London - School of Oriental and African Studies (SOAS), University of Reading, Texas A&M University - Department of Management, Radboud University - Economics Department, IMR and University of the West of England (UWE)
Downloads 0 (666,078)
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39.

A Model of Destructive Entrepreneurship

S. Desai, Z. Acs, U. Weitzel (2013): “A Model of Destructive Entrepreneurship: Insight on Conflict and Postconflict Recovery”, Journal of Conflict Resolution
Posted: 18 Sep 2009 Last Revised: 12 Nov 2012
Sameeksha Desai, Zoltan J. Acs and Utz Weitzel
Ewing Marion Kauffman Foundation, Schar School of Policy and Government and Radboud University - Economics Department, IMR

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destructive entrepreneurship, entrepreneurship, allocation, rent-seeking, incentives