Heinz Zimmermann

University of Basel - Faculty of Business and Economics

Peter Merian Weg 6

Basel, 4002

Switzerland

SCHOLARLY PAPERS

37

DOWNLOADS
Rank 3,915

SSRN RANKINGS

Top 3,915

in Total Papers Downloads

17,809

SSRN CITATIONS
Rank 6,396

SSRN RANKINGS

Top 6,396

in Total Papers Citations

206

CROSSREF CITATIONS

64

Scholarly Papers (37)

Corporate Governance and Expected Stock Returns: Evidence from Germany

ECGI - Finance Working Paper No. 11/2003
Number of pages: 51 Posted: 19 Feb 2003
Wolfgang Drobetz, Andreas Schillhofer and Heinz Zimmermann
University of Hamburg, Greenhill & Co. and University of Basel - Faculty of Business and Economics
Downloads 3,768 (5,380)
Citation 48

Abstract:

Loading...

Corporate Governance, principal-agent theory, asset pricing

Corporate Governance and Expected Stock Returns: Evidence from Germany

Number of pages: 46 Posted: 05 May 2003
Wolfgang Drobetz, Andreas Schillhofer and Heinz Zimmermann
University of Hamburg, Greenhill & Co. and University of Basel - Faculty of Business and Economics
Downloads 1,038 (39,652)
Citation 42

Abstract:

Loading...

corporate governance, principal-agent theory, asset pricing

2.

An Integrated Framework of Corporate Governance and Firm Valuation - Evidence from Switzerland

ECGI - Finance Working Paper No. 34/2004
Number of pages: 59 Posted: 27 Jan 2004
University of BaselUniversity of Oxford - Said Business School, University of Hamburg, University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Faculty of Business and Economics
Downloads 3,213 (7,121)
Citation 100

Abstract:

Loading...

Corporate governance; Ownership structure; Firm valuation; Endogeneity

3.

Listed Private Equity

Number of pages: 26 Posted: 18 Mar 2009
LPX GmbH, LPX GmbH, University of Basel - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Faculty of Business and Economics
Downloads 1,444 (24,921)
Citation 2

Abstract:

Loading...

Listed Private Equity, Private Equity

4.

Should Chairman and CEO Be Separated? Leadership Structure and Firm Performance in Switzerland

Number of pages: 24 Posted: 07 Apr 2005 Last Revised: 15 Jun 2013
Markus Schmid and Heinz Zimmermann
University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Faculty of Business and Economics
Downloads 1,114 (36,398)
Citation 4

Abstract:

Loading...

Leadership structure, Firm valuation, Corporate governance, Managerial Shareholdings

5.

Hedge Fund Activism and Information Disclosure: The Case of Germany

Number of pages: 45 Posted: 12 Feb 2010 Last Revised: 17 Dec 2015
Peter Weber and Heinz Zimmermann
University of Basel - Faculty of Business and Economics and University of Basel - Faculty of Business and Economics
Downloads 930 (46,956)
Citation 1

Abstract:

Loading...

Shareholder activism, Hedge funds, Corporate governance

6.

An Integrated Framework of Corporate Governance and Firm Valuation

Number of pages: 44 Posted: 01 Aug 2005
University of BaselUniversity of Oxford - Said Business School, University of St. Gallen - Swiss Institute of Banking and Finance, University of Hamburg and University of Basel - Faculty of Business and Economics
Downloads 870 (51,550)
Citation 7

Abstract:

Loading...

Corporate governance, principal-agent problems, ownership structure, firm valuation, endogeneity

7.

Cash Flow and Discount Rate News in REIT Returns

Number of pages: 34 Posted: 25 Oct 2021 Last Revised: 03 Jul 2022
Valentin Séchaud and Heinz Zimmermann
University of Rochester and University of Basel - Faculty of Business and Economics
Downloads 525 (98,923)

Abstract:

Loading...

Long-run risk of discount rates vs. expected growth, variance decomposition of stock returns and real estate returns (REITs), Dotcom bubble vs. Global Financial Crisis

8.

The Impact of Speculation on Commodity Futures – A Review of the Findings of 100 Empirical Studies

Number of pages: 19 Posted: 10 Feb 2016
Marco Haase, Yvonne Seiler Zimmermann and Heinz Zimmermann
University of Basel - Center for Economic Science (WWZ) - Department of Finance, Lucerne University of Applied Sciences and Arts, School of Business, Institute of Financial Services Zug, IFZ and University of Basel - Faculty of Business and Economics
Downloads 432 (124,976)
Citation 5

Abstract:

Loading...

Does Unobservable Heterogeneity Matter for Portfolio-Based Asset Pricing Tests?

Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 146 Posted: 04 Jun 2018 Last Revised: 20 Feb 2024
Daniel Hoechle, Markus Schmid and Heinz Zimmermann
FHNW School of Business - Institute for Finance, University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Faculty of Business and Economics
Downloads 217 (256,490)
Citation 1

Abstract:

Loading...

: Portfolio sorts, Cross-section of expected returns, Tests of asset pricing models, Random effects assumption

Does Unobservable Heterogeneity Matter for Portfolio-Based Asset Pricing Tests?

Number of pages: 54 Posted: 09 Apr 2020
Markus Schmid, Daniel Hoechle and Heinz Zimmermann
University of St. Gallen - Swiss Institute of Banking and Finance, FHNW School of Business - Institute for Finance and University of Basel - Faculty of Business and Economics
Downloads 183 (300,044)
Citation 1

Abstract:

Loading...

Portfolio sorts, cross-section of expected returns, tests of asset pricing models, random effects assumption

10.

Managerial Incentives and Firm Valuation - Evidence from Switzerland

Number of pages: 45 Posted: 23 Aug 2005
Markus Schmid and Heinz Zimmermann
University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Faculty of Business and Economics
Downloads 394 (138,915)
Citation 6

Abstract:

Loading...

Corporate governance, ownership structure, equity-based compensation, firm valuation, endogeneity

11.

Credit Risk Transfer, Hedge Funds, and the Supply of Liquidity

LAW AND ECONOMICS OF RISK IN FINANCE, Peter Nobel and Marina Gets, eds., pp. 41-72, Schulthess, Zürich, 2007, U. of St. Gallen Law & Economics Working Paper No. 2008-14
Number of pages: 33 Posted: 27 May 2008 Last Revised: 07 Aug 2008
Heinz Zimmermann
University of Basel - Faculty of Business and Economics
Downloads 356 (155,550)
Citation 1

Abstract:

Loading...

transfer of credit risk, hedge funds

12.

The Credit Suisse Bailout in Hindsight - Not a Bitter Pill to Swallow, but a Case to Follow

Number of pages: 46 Posted: 16 Nov 2023 Last Revised: 30 Nov 2023
Pascal Böni and Heinz Zimmermann
Tilburg University and University of Basel - Faculty of Business and Economics
Downloads 312 (179,157)

Abstract:

Loading...

Bank, bailout, market-indicators in regulation, emergency liquidity provision, bank systemic risk, too-big-to-fail, Credit Suisse bailout

13.

The First- and Second-Hand Effect of Analysts' Stock Recommendations - Evidence from the Swiss Stock Market

Number of pages: 40 Posted: 31 Jan 2005
Philipp M. Schlumpf, Markus Schmid and Heinz Zimmermann
University of Basel - Department of Finance, University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Faculty of Business and Economics
Downloads 287 (195,582)

Abstract:

Loading...

Stock recommendations, Second-hand information, Analysts, Price pressure and information hypotheses

14.

On the Credibility of the Euro/Swiss Franc Floor: A Financial Market Perspective

Number of pages: 43 Posted: 10 Jul 2013 Last Revised: 10 Mar 2015
Markus Hertrich and Heinz Zimmermann
Deutsche Bundesbank and University of Basel - Faculty of Business and Economics
Downloads 268 (209,639)
Citation 8

Abstract:

Loading...

central banking, credibility, currency option, Euro/Swiss Franc floor, Vanna-Volga method, barrier

15.

The Pricing of Volatility Risk in the US Equity Market

International Review of Financial Analysis, Vol. 79, No. 101951, 2022
Number of pages: 55 Posted: 22 Jun 2020 Last Revised: 03 Sep 2023
Lukas Hitz, Ismail Mustafi and Heinz Zimmermann
University of Basel - Center for Economic Science (WWZ) - Department of Finance, University of Basel - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Faculty of Business and Economics
Downloads 267 (210,431)
Citation 1

Abstract:

Loading...

Pricing of Volatility Risk, Cross Sectional Asset Pricing, Macroeconomic vs. Fundamental Risk Factors, Evaluation of Portfolio Sort Technique

16.

Wheat Price Volatility Over 140 Years: An Analysis of Daily Price Ranges

Number of pages: 20 Posted: 17 Apr 2021
Marco Haase, Heinz Zimmermann and Matthias Huss
University of Basel - Center for Economic Science (WWZ) - Department of Finance, University of Basel - Faculty of Business and Economics and University of Basel - Center for Economic Science (WWZ) - Department of Finance
Downloads 239 (234,806)

Abstract:

Loading...

Commodity futures volatility, wheat futures, historical price analysis, structural volatility breaks, conditional autoregressive range model

17.

Trust and Success in Venture Capital Financing - An Empirical Analysis with German Survey Data

Number of pages: 38 Posted: 25 Jun 2008 Last Revised: 15 Jun 2013
Stefan Duffner, Heinz Zimmermann and Markus Schmid
Goldman Sachs Group, Inc., University of Basel - Faculty of Business and Economics and University of St. Gallen - Swiss Institute of Banking and Finance
Downloads 237 (236,704)
Citation 7

Abstract:

Loading...

Venture Capital, Trust and success, Survey, Endogeneity

Does central clearing affect counterparty risk and liquidity risk in the sovereign CDS market?

Number of pages: 44 Posted: 09 Jul 2019 Last Revised: 12 Oct 2022
Josephine Molleyres and Heinz Zimmermann
Swiss National Bank (SNB) and University of Basel - Faculty of Business and Economics
Downloads 177 (309,150)

Abstract:

Loading...

Credit default swaps, central counterparty clearing, sovereign credit risk, counterparty risk, liquidity risks, systemic risk

Does Central Clearing Affect Counterparty Risk and Liquidity Risk in the Sovereign CDS Market?

Number of pages: 43 Posted: 15 Feb 2023
Josephine Molleyres and Heinz Zimmermann
Swiss National Bank (SNB) and University of Basel - Faculty of Business and Economics
Downloads 24 (932,521)

Abstract:

Loading...

Credit default swaps, central counterparty clearing, sovereign credit risk, counterparty risk, Liquidity risk, Financial stability

19.

Permanent and Transitory Price Shocks in Commodity Futures Markets and Their Relation to Storage and Speculation

Number of pages: 40 Posted: 05 Mar 2013
Marco Haase, Yvonne Seiler Zimmermann and Heinz Zimmermann
University of Basel - Center for Economic Science (WWZ) - Department of Finance, Lucerne University of Applied Sciences and Arts, School of Business, Institute of Financial Services Zug, IFZ and University of Basel - Faculty of Business and Economics
Downloads 200 (277,400)
Citation 4

Abstract:

Loading...

Commodity futures prices, cointegration, temporary and permanent price shocks, speculation and storage

20.

Mean-Reversion in Commodity Futures Volatility: An Analysis of Daily Range-Based Stochastic Volatility Models

Number of pages: 38 Posted: 16 Apr 2021
New York University - Stern School of Business, University of Basel - Center for Economic Science (WWZ) - Department of Finance, University of Basel - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Faculty of Business and Economics
Downloads 176 (311,053)

Abstract:

Loading...

Commodity futures volatility, historical price analysis, range-based volatility estimation, range-based GARCH models, structural volatility breaks

21.

On the Interpretation of P/E-Ratios in Relation to Growth

Number of pages: 19 Posted: 15 Mar 2022
Heinz Zimmermann
University of Basel - Faculty of Business and Economics
Downloads 175 (312,624)

Abstract:

Loading...

Stock market valuation, price-earnings ratio, growth, valuation multiples, Gordon model

22.

The Cross-Section of Positively Weighted Portfolios

Number of pages: 29 Posted: 04 Mar 2007
Daniel Niedermayer and Heinz Zimmermann
University of Basel and University of Basel - Faculty of Business and Economics
Downloads 173 (315,855)

Abstract:

Loading...

asset pricing, CAPM, Roll Critique, mean-variance analysis, short-sale constraint, market proxy

23.

Anomaly in Stock-Bond Correlations: The Role of Monetary Policy

Number of pages: 25 Posted: 19 Dec 2015
Jonas Gusset and Heinz Zimmermann
University of Basel - Department of Finance and University of Basel - Faculty of Business and Economics
Downloads 161 (335,993)

Abstract:

Loading...

bond-stock correlation, GARCH models, monetary policy

24.

Characteristics of Pension Fund Financial Quality: The Role of Uncommitted Funds

Number of pages: 39 Posted: 25 Jul 2022
Michael Huynh, Yvonne Seiler Zimmermann and Heinz Zimmermann
University of Basel - Faculty of Business and Economics, Lucerne University of Applied Sciences and Arts, School of Business, Institute of Financial Services Zug, IFZ and University of Basel - Faculty of Business and Economics
Downloads 135 (387,288)

Abstract:

Loading...

Pension funds, financial quality, funding ratios, uncommitted (free) funds, pension management

25.

How Does Income and Financial Satisfaction Change with Retirement? Insights from Swiss Panel Data

Number of pages: 31 Posted: 18 Feb 2021
Yvonne Seiler Zimmermann and Heinz Zimmermann
Lucerne University of Applied Sciences and Arts, School of Business, Institute of Financial Services Zug, IFZ and University of Basel - Faculty of Business and Economics
Downloads 116 (434,612)

Abstract:

Loading...

Retirement income, pension system, financial satisfaction, pension regulation

26.

Why Not Use SDF - Rather than Beta Models in Performance Measurement?

Number of pages: 39 Posted: 22 Aug 2012 Last Revised: 29 Aug 2012
Jonas Gusset and Heinz Zimmermann
University of Basel - Department of Finance and University of Basel - Faculty of Business and Economics
Downloads 116 (434,612)

Abstract:

Loading...

Performance measurement, conditioning information, mutual funds

27.

Long-Run Implied Market Fundamentals: An Exploration

Number of pages: 26 Posted: 12 Dec 2019
Heinz Zimmermann
University of Basel - Faculty of Business and Economics
Downloads 91 (514,234)
Citation 2

Abstract:

Loading...

Stock market valuation, multiples, Gordon model

28.

The Development of Organized Commodity Exchanges in Africa: An Economic Analysis

Chapter in: “Africa’s Population: In search of a Demographic Dividend.”, ed. Hans Groth and John May, (2016) Springer, Forthcoming
Number of pages: 20 Posted: 02 Jun 2016
Heinz Zimmermann and Marco Haase
University of Basel - Faculty of Business and Economics and University of Basel - Center for Economic Science (WWZ) - Department of Finance
Downloads 86 (532,678)

Abstract:

Loading...

organized commodity markets, futures markets, food security, emerging markets Africa

29.

Initial Public Offerings in Germany and Switzerland in the New Millennium: Characteristics and Hypotheses

Number of pages: 65 Posted: 21 Sep 2023
Peter Weber, Rohat Barihas and Heinz Zimmermann
University of Basel - Faculty of Business and Economics, University of Basel - University of Basel, Faculty of Business and Economics and University of Basel - Faculty of Business and Economics
Downloads 61 (643,848)

Abstract:

Loading...

Initial public offerings (IPOs), underpricing and cross-sectional explanations, German and Swiss stock markets, reputation, bookbuilding

30.

Wheat Price Volatility Regimes Over 140 Years: An Analysis of Daily Price Ranges

Number of pages: 26 Posted: 19 Jan 2023
Marco Haase, Heinz Zimmermann and Matthias Huss
University of Basel - Center for Economic Science (WWZ) - Department of Finance, University of Basel - Faculty of Business and Economics and University of Basel - Center for Economic Science (WWZ) - Department of Finance
Downloads 24 (903,817)

Abstract:

Loading...

Commodity futures volatility, wheat futures, historical price analysis, structural volatility breaks

31.

Are Stock Prices Driven by Expected Growth Rather than Discount Rates? Evidence Based on the COVID-19 Crisis.

Risk Management (2021) 23:1–29
Posted: 17 Jan 2023
Pascal Böni and Heinz Zimmermann
Tilburg University and University of Basel - Faculty of Business and Economics

Abstract:

Loading...

Stock market valuation, COVID-19 stock market downturn, Valuation multiples, Gordon model

32.

Commodity Returns and Their Volatility in Relation to Speculation: A Consistent Empirical Approach

Posted: 28 Sep 2015
Marco Haase, Yvonne Seiler Zimmermann and Heinz Zimmermann
University of Basel - Center for Economic Science (WWZ) - Department of Finance, Lucerne University of Applied Sciences and Arts, School of Business, Institute of Financial Services Zug, IFZ and University of Basel - Faculty of Business and Economics
Downloads 0 (1,122,226)

Abstract:

Loading...

Speculation, commodity futures prices, lead-lag relationships

33.

Martingales and Portfolio Decisions: A User's Guide

Financial Markets and Portfolio Management, Vol. 20, No. 1, pp. 75-101, 2006
Posted: 04 Apr 2006
Heinz Zimmermann
University of Basel - Faculty of Business and Economics

Abstract:

Loading...

Dynamic portfolio selection, martingales, binomial framework

34.

Tracking Error and Tactical Asset Allocation

Posted: 29 Jun 2001
Manuel Ammann and Heinz Zimmermann
University of St. Gallen - School of Finance and University of Basel - Faculty of Business and Economics

Abstract:

Loading...

35.

Interest Rate Risk of European Financial Corporations

Posted: 16 Nov 2000
Peter Oertmann, Christel Rendu de Lint and Heinz Zimmermann
Technical University of Munich, affiliation not provided to SSRN and University of Basel - Faculty of Business and Economics

Abstract:

Loading...

Interest rate risk, asset pricing, portfolio management

36.

Interest Rate Risk of Financial Corporations' Equity Returns: A European Perspective

Stern Working Paper Series S-96-51
Posted: 03 Sep 1997
Peter Oertmann, Christel Rendu de Lint and Heinz Zimmermann
Technical University of Munich, affiliation not provided to SSRN and University of Basel - Faculty of Business and Economics

Abstract:

Loading...

37.

Arbitrage in Smi Stock Index Futures: An Intraday Study

Stern Working Paper Series S-96-47
Posted: 31 Jul 1997
Claudia Zogg-Wetter and Heinz Zimmermann
University of St. Gallen and University of Basel - Faculty of Business and Economics

Abstract:

Loading...