Heinz Zimmermann

University of Basel - Center for Economic Science (WWZ)

Peter Merian Weg 6

Basel, 4002

Switzerland

  • University of Basel - Center for Economic Science (WWZ)

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SCHOLARLY PAPERS

32

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111

Scholarly Papers (32)

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1.

Corporate Governance and Expected Stock Returns: Evidence from Germany

Downloads 4,677 ( 2,281)
Citation 66

Corporate Governance and Expected Stock Returns: Evidence from Germany

Number of pages: 51 Posted: 19 Feb 2003
Wolfgang Drobetz, Andreas Schillhofer and Heinz Zimmermann
University of Hamburg, Greenhill & Co. and University of Basel - Center for Economic Science (WWZ)
Downloads 3,669 (3,371)
Citation 48

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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 - Center for Economic Science (WWZ)
Downloads 979 (28,094)
Citation 30

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corporate governance, principal-agent theory, asset pricing

Corporate Governance and Expected Stock Returns: Evidence from Germany

Number of pages: 28 Posted: 20 Jun 2004
Wolfgang Drobetz, Andreas Schillhofer and Heinz Zimmermann
University of Hamburg, Greenhill & Co. and University of Basel - Center for Economic Science (WWZ)
Downloads 29 (584,758)
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2.

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

Number of pages: 59 Posted: 27 Jan 2004
Stefan Beiner, Wolfgang Drobetz, Markus Schmid and Heinz Zimmermann
University of Basel, University of Hamburg, University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Center for Economic Science (WWZ)
Downloads 3,136 (4,546)
Citation 85

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Corporate governance; Ownership structure; Firm valuation; Endogeneity

3.

Listed Private Equity

Number of pages: 26 Posted: 18 Mar 2009
Bastian Bergmann, Hans Christophers, Matthias Huss and Heinz Zimmermann
LPX GmbH, LPX GmbH, University of Basel - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Center for Economic Science (WWZ)
Downloads 1,124 (23,360)
Citation 2

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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 - Center for Economic Science (WWZ)
Downloads 1,075 (24,917)
Citation 4

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Leadership structure, Firm valuation, Corporate governance, Managerial Shareholdings

5.

Hedge Fund Activism and Information Disclosure: The Case of Germany

Downloads 925 ( 30,929)
Citation 3

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 - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Center for Economic Science (WWZ)
Downloads 925 (30,464)

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Shareholder activism, Hedge funds, Corporate governance

Hedge Fund Activism and Information Disclosure: The Case of Germany

European Financial Management, Vol. 19, Issue 5, pp. 1017-1050, 2013
Number of pages: 34 Posted: 11 Oct 2013
Peter Weber and Heinz Zimmermann
University of Basel - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Center for Economic Science (WWZ)
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shareholder activism, hedge funds, corporate governance, mandatory disclosure

6.

An Integrated Framework of Corporate Governance and Firm Valuation

Downloads 768 ( 39,999)
Citation 8

An Integrated Framework of Corporate Governance and Firm Valuation

Number of pages: 44 Posted: 01 Aug 2005
Stefan Beiner, Markus Schmid, Wolfgang Drobetz and Heinz Zimmermann
University of Basel, University of St. Gallen - Swiss Institute of Banking and Finance, University of Hamburg and University of Basel - Center for Economic Science (WWZ)
Downloads 751 (40,619)
Citation 7

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

An Integrated Framework of Corporate Governance and Firm Valuation

European Financial Management, Vol. 12, No. 2, pp. 249-283, March 2006
Number of pages: 36 Posted: 08 May 2006
Stefan Beiner, Markus Schmid, Wolfgang Drobetz and Heinz Zimmermann
University of Basel, University of St. Gallen - Swiss Institute of Banking and Finance, University of Hamburg and University of Basel - Center for Economic Science (WWZ)
Downloads 17 (672,104)
Citation 2
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7.

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 - Center for Economic Science (WWZ)
Downloads 349 (106,075)
Citation 6

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

8.

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 - Center for Economic Science (WWZ)
Downloads 331 (112,585)
Citation 1

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transfer of credit risk, hedge funds

9.

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 - Center for Economic Science (WWZ)
Downloads 326 (114,477)
Citation 2

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10.

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

Downloads 264 (142,892)

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 - Center for Economic Science (WWZ)
Downloads 262 (143,416)

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

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

European Financial Management, Vol. 14, Issue 5, pp. 962-988, November 2008
Number of pages: 27 Posted: 16 Oct 2008
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 - Center for Economic Science (WWZ)
Downloads 2 (800,157)
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11.

The COVID-19 Stock Market Downturn: Expected Growth or Discount Rate?

Number of pages: 26 Posted: 15 Jun 2020
Pascal Böni and Heinz Zimmermann
Tilburg University | Tilburg School of Economics and Management - Tilburg Institute for Private Debt, TiPD and University of Basel - Center for Economic Science (WWZ)
Downloads 254 (148,491)
Citation 1

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

12.

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

Downloads 238 (158,204)
Citation 1

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

Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 53 Posted: 04 Jun 2018 Last Revised: 25 Mar 2020
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 - Center for Economic Science (WWZ)
Downloads 154 (234,412)
Citation 1

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: 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 - Center for Economic Science (WWZ)
Downloads 84 (362,615)
Citation 1

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

13.

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
University of Basel - Center for Economic Science (WWZ) - Department of Finance and University of Basel - Center for Economic Science (WWZ)
Downloads 216 (173,576)
Citation 8

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

14.

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

Downloads 200 (186,545)
Citation 6

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 - Center for Economic Science (WWZ) and University of St. Gallen - Swiss Institute of Banking and Finance
Downloads 198 (188,138)
Citation 7

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Venture Capital, Trust and success, Survey, Endogeneity

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

Kyklos, Vol. 62, No. 1, pp. 15-43, February 2009
Number of pages: 29 Posted: 19 Jan 2009
Stefan Duffner, Markus Schmid and Heinz Zimmermann
Goldman Sachs Group, Inc., University of St. Gallen - Swiss Institute of Banking and Finance and University of Basel - Center for Economic Science (WWZ)
Downloads 2 (800,157)
Citation 1
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15.

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 - Center for Economic Science (WWZ)
Downloads 159 (227,737)
Citation 4

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

16.

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 - Center for Economic Science (WWZ)
Downloads 157 (230,207)

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

17.

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 - Center for Economic Science (WWZ)
Downloads 123 (278,933)

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bond-stock correlation, GARCH models, monetary policy

18.

The Impact of Central Clearing on the Pricing of Sovereign Credit Default Swaps

Number of pages: 33 Posted: 09 Jul 2019
Josephine Molleyres and Heinz Zimmermann
University of Basel - Department of Finance and University of Basel - Center for Economic Science (WWZ)
Downloads 121 (282,369)

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credit default swaps, central counterparty clearing, sovereign credit risk

19.

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 - Center for Economic Science (WWZ)
Downloads 77 (377,986)

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Performance measurement, conditioning information, mutual funds

20.

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

Number of pages: 38 Posted: 16 Apr 2021
Stephen Figlewski, Marco Haase, Matthias Huss and Heinz Zimmermann
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 - Center for Economic Science (WWZ)
Downloads 61 (427,890)

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

21.

The Pricing of Volatility Risk in the US Equity Market

Number of pages: 55 Posted: 22 Jun 2020 Last Revised: 04 Jan 2021
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 - Center for Economic Science (WWZ)
Downloads 55 (449,590)

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

22.

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 - Center for Economic Science (WWZ) and University of Basel - Center for Economic Science (WWZ) - Department of Finance
Downloads 54 (453,235)

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

23.

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 - Center for Economic Science (WWZ) and University of Basel - Center for Economic Science (WWZ) - Department of Finance
Downloads 48 (476,802)

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

24.

Long-Run Implied Market Fundamentals: An Exploration

Number of pages: 26 Posted: 12 Dec 2019
Heinz Zimmermann
University of Basel - Center for Economic Science (WWZ)
Downloads 38 (521,643)
Citation 1

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Stock market valuation, multiples, Gordon model

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 - Center for Economic Science (WWZ)
Downloads 27 (581,468)

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Retirement income, pension system, financial satisfaction, pension regulation

26.

Is Board Size an Independent Corporate Governance Mechanism?

Number of pages: 30 Posted: 25 Sep 2004
Stefan Beiner, Wolfgang Drobetz, Frank Schmid and Heinz Zimmermann
University of Basel, University of Hamburg, University of Bern - Institute of Economics and University of Basel - Center for Economic Science (WWZ)
Downloads 23 (607,525)
Citation 2
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27.

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

https://doi.org/10.3905/jai.2017.20.2.076
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 - Center for Economic Science (WWZ)
Downloads 0 (794,597)

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Speculation, commodity futures prices, lead-lag relationships

28.

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 - Center for Economic Science (WWZ)

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Dynamic portfolio selection, martingales, binomial framework

29.

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 - Center for Economic Science (WWZ)

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30.

Interest Rate Risk of European Financial Corporations

Posted: 16 Nov 2000
Peter Oertmann, Christel Rendu de Lint and Heinz Zimmermann
University of St. Gallen, affiliation not provided to SSRN and University of Basel - Center for Economic Science (WWZ)

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Interest rate risk, asset pricing, portfolio management

31.

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
University of St. Gallen, affiliation not provided to SSRN and University of Basel - Center for Economic Science (WWZ)

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32.

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 - Center for Economic Science (WWZ)

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