Steffen Meyer

Aarhus University - Department of Finance

Fuglesangs Alle 4

DK-8210 Aarhus

Denmark

Danish Finance Institute

  • Aarhus University - Department of Finance

  • Danish Finance Institute

SCHOLARLY PAPERS

25

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Top 2,577

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313

Scholarly Papers (25)

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1.

Abusing ETFs

Forthcoming in the Review of Finance
Number of pages: 55 Posted: 15 Mar 2012 Last Revised: 13 Sep 2017
Utpal Bhattacharya, Benjamin Loos, Steffen Meyer and Andreas Hackethal
HKUST Business School, UNSW, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 5,113 (3,808)
Citation 13

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household finance, retail investors, ETFs, passive investing, active investing, security selection, market timing

2.

Is Unbiased Financial Advice To Retail Investors Sufficient? Answers from a Large Field Study

Downloads 2,381 (13,186)
Citation 69

Is Unbiased Financial Advice To Retail Investors Sufficient? Answers from a Large Field Study

Number of pages: 70 Posted: 20 May 2011 Last Revised: 12 May 2014
Utpal Bhattacharya, Andreas Hackethal, Simon Kaesler, Benjamin Loos and Steffen Meyer
HKUST Business School, Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, UNSW and Aarhus University - Department of Finance
Downloads 1,930 (18,194)
Citation 15

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retail investors, brokers, financial advice, efficient portfolios

Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study

Review of Financial Studies, Forthcoming
Number of pages: 70 Posted: 24 Sep 2011
Utpal Bhattacharya, Andreas Hackethal, Simon Kaesler, Benjamin Loos and Steffen Meyer
HKUST Business School, Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, UNSW and Aarhus University - Department of Finance
Downloads 451 (135,601)
Citation 54

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retail investors, brokers, financial advice, efficient portfolios

3.

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

Downloads 1,680 (22,914)
Citation 4

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

European Corporate Governance Institute (ECGI) - Law Working Paper No. 446/2019
Number of pages: 84 Posted: 29 Nov 2017 Last Revised: 13 Oct 2023
Christian Leuz, Steffen Meyer, Maximilian Muhn, Eugene F. Soltes and Andreas Hackethal
University of Chicago - Booth School of Business, Aarhus University - Department of Finance, University of Chicago - Booth School of Business, Harvard University - Business School (HBS) and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 925 (53,814)

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Market manipulation, Pump-and-dump schemes, Securities regulation, Fraud, Investor protection, Lottery stocks, Household finance, Penny Stocks

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

Center for Financial Studies Working Paper No. 609
Number of pages: 84 Posted: 16 Dec 2018 Last Revised: 13 Oct 2023
Christian Leuz, Steffen Meyer, Maximilian Muhn, Eugene F. Soltes and Andreas Hackethal
University of Chicago - Booth School of Business, Aarhus University - Department of Finance, University of Chicago - Booth School of Business, Harvard University - Business School (HBS) and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 519 (114,285)
Citation 2

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Market manipulation; Pump-and-dump schemes, Securities regulation; Fraud; Investor protection; Lottery stocks; Household finance; Penny Stocks

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

Center for Financial Studies Working Paper No. 704, 2023
Number of pages: 84 Posted: 25 Feb 2023 Last Revised: 13 Oct 2023
Christian Leuz, Steffen Meyer, Maximilian Muhn, Eugene F. Soltes and Andreas Hackethal
University of Chicago - Booth School of Business, Aarhus University - Department of Finance, University of Chicago - Booth School of Business, Harvard University - Business School (HBS) and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 126 (479,179)
Citation 2

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Market manipulation; Pump-and-dump schemes, Securities regulation; Fraud; Investor protection; Lottery stocks; Household finance; Penny Stocks

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

NBER Working Paper No. w24083
Number of pages: 85 Posted: 06 Dec 2017 Last Revised: 22 Apr 2023
Christian Leuz, Steffen Meyer, Maximilian Muhn, Eugene F. Soltes and Andreas Hackethal
University of Chicago - Booth School of Business, Aarhus University - Department of Finance, University of Chicago - Booth School of Business, Harvard University - Business School (HBS) and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 110 (532,995)

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4.

Do Individual Investors Learn from Their Mistakes?

Number of pages: 35 Posted: 02 Aug 2012 Last Revised: 09 Apr 2019
Maximilian Koestner, Benjamin Loos, Steffen Meyer and Andreas Hackethal
Goethe University Frankfurt - Department of Finance, UNSW, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,315 (33,041)
Citation 23

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Investor Learning, Investment Mistakes, Household Finance

5.

How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic

Downloads 1,106 (42,602)
Citation 76

How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic

Number of pages: 36 Posted: 01 Apr 2020 Last Revised: 21 Apr 2020
Scott R. Baker, R.A. Farrokhnia, R.A. Farrokhnia, Steffen Meyer, Michaela Pagel and Constantine Yannelis
Northwestern University, Kellogg School of Management, Department of Finance, Advanced Projects & Applied Research in FintechColumbia University - Columbia Business School, Finance, Aarhus University - Department of Finance, Washington University in St. Louis - John M. Olin Business School and University of Chicago
Downloads 1,032 (46,166)
Citation 16

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Consumption, Coronavirus, COVID-19, Household Finance, Transaction Data

How Does Household Spending Respond to an Epidemic? Consumption During the 2020 Covid-19 Pandemic

NBER Working Paper No. w26949
Number of pages: 35 Posted: 06 Apr 2020 Last Revised: 19 Feb 2023
Scott R. Baker, R. Farrokhnia, Steffen Meyer, Michaela Pagel and Constantine Yannelis
Northwestern University, Kellogg School of Management, Department of Finance, Columbia University - Columbia Business School, Aarhus University - Department of Finance, Washington University in St. Louis - John M. Olin Business School and University of Chicago
Downloads 74 (690,635)
Citation 60

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6.

Trading on Advice

Downloads 1,012 (48,307)
Citation 37

Trading on Advice

Number of pages: 35 Posted: 03 Nov 2010 Last Revised: 31 Dec 2012
Andreas Hackethal, Roman Inderst and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt and Aarhus University - Department of Finance
Downloads 999 (48,273)
Citation 37

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Trading, Financial Advice

Trading on Advice

CEPR Discussion Paper No. DP8091
Number of pages: 49 Posted: 29 Nov 2010
Andreas Hackethal, Roman Inderst and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt and Aarhus University - Department of Finance
Downloads 13 (1,278,179)
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financial advice, trading

7.

Trading on Noise: Moving Average Trading Heuristics and Private Investors

Number of pages: 67 Posted: 07 Nov 2014
Thomas Etheber, Andreas Hackethal and Steffen Meyer
Goethe University Frankfurt - Department of Finance, Goethe University Frankfurt - Faculty of Economics and Business Administration and Aarhus University - Department of Finance
Downloads 637 (89,438)
Citation 6

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Investor heuristics, technical analysis, individual investors, noise trading

8.

Does Feedback on Personal Investment Success Help?

Downloads 516 (116,557)

Does Feedback on Personal Investment Success Help?

SAFE Working Paper No. 157
Number of pages: 54 Posted: 07 Dec 2016
Steffen Meyer, Linda Urban and Sophie Ahlswede
Aarhus University - Department of Finance, Goethe University Frankfurt - House of Finance and Goethe University Frankfurt - House of Finance
Downloads 376 (167,240)

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household finance, field study, individual investors, reporting, investment mistakes, regulation

Does Feedback on Personal Investment Success Help?

Number of pages: 51 Posted: 10 Jun 2015
Steffen Meyer, Linda Urban and Sophie Ahlswede
Aarhus University - Department of Finance, Goethe University Frankfurt - House of Finance and Goethe University Frankfurt - House of Finance
Downloads 140 (439,651)

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household finance, field study, individual investors, reporting, investment mistakes, regulation

9.

Whose Money is Smart? Mutual Fund Purchases of Private Investors

Number of pages: 29 Posted: 18 Feb 2009 Last Revised: 16 Mar 2009
Fabian Niebling, Steffen Meyer and Andreas Hackethal
affiliation not provided to SSRN, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 480 (127,199)
Citation 1

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Smart decision making, Mutual funds, Fund selection criterion, Household finance, Cost of investment mistakes

10.

Google Search Volume and Individual Investor Trading

Number of pages: 41 Posted: 06 Aug 2016 Last Revised: 14 Oct 2018
Dimitrios Kostopoulos and Steffen Meyer
Leibniz Universität Hannover and Aarhus University - Department of Finance
Downloads 464 (132,505)
Citation 4

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individual investor; trading behavior; investor sentiment

11.

Trusting Difference-in-Differences Estimates More: An Approximate Permutation Test

Number of pages: 30 Posted: 06 Jul 2016 Last Revised: 16 Mar 2018
Sebastian Bunnenberg, Sebastian Bunnenberg and Steffen Meyer
Reutlingen University - ESB Business SchoolTalanx AG - HDI Global SE and Aarhus University - Department of Finance
Downloads 441 (140,854)

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difference-in-differences, policy studies, clustered standard errors, placebo laws, approximate permutation tests

12.

Ambiguity and Investor Behavior

SAFE Working Paper No. 297
Number of pages: 45 Posted: 14 Mar 2019 Last Revised: 24 Nov 2020
Dimitrios Kostopoulos, Steffen Meyer and Charline Uhr
Leibniz Universität Hannover, Aarhus University - Department of Finance and Goethe University Frankfurt
Downloads 420 (149,065)
Citation 24

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ambiguity, uncertainty, individual investor, trading behavior

13.

Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments

Downloads 413 (151,955)
Citation 30

Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-55
Number of pages: 66 Posted: 28 Apr 2020 Last Revised: 16 Sep 2020
Scott R. Baker, R. Farrokhnia, Steffen Meyer, Michaela Pagel and Constantine Yannelis
Northwestern University, Kellogg School of Management, Department of Finance, Columbia University - Columbia Business School, Aarhus University - Department of Finance, Washington University in St. Louis - John M. Olin Business School and University of Chicago
Downloads 323 (197,523)
Citation 1

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Consumption, COVID-19, Stimulus, MPC, Household Finance, Transaction Data

Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments

NBER Working Paper No. w27097
Number of pages: 66 Posted: 05 May 2020 Last Revised: 15 Jan 2023
Scott R. Baker, R. Farrokhnia, Steffen Meyer, Michaela Pagel and Constantine Yannelis
Northwestern University, Kellogg School of Management, Department of Finance, Columbia University - Columbia Business School, Aarhus University - Department of Finance, Washington University in St. Louis - John M. Olin Business School and University of Chicago
Downloads 90 (613,749)
Citation 29

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14.

Smoking Hot Portfolios? Overtrading from Self-Control Failure

SAFE Working Paper No. 245
Number of pages: 57 Posted: 06 Mar 2019 Last Revised: 07 Oct 2019
Charline Uhr, Steffen Meyer and Andreas Hackethal
Goethe University Frankfurt, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 372 (170,857)

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self-control; individual investor; trading behavior

15.

Disentangling Investor Sentiment: Mood and Household Attitudes Towards the Economy

Journal of Economic Behavior and Organization, Forthcoming
Number of pages: 92 Posted: 12 Feb 2016 Last Revised: 07 Aug 2018
Dimitrios Kostopoulos and Steffen Meyer
Leibniz Universität Hannover and Aarhus University - Department of Finance
Downloads 316 (203,905)
Citation 7

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individual investor; trading behavior; sentiment; mood; music; financial markets

16.

An Empirical Study on the Cost of Institutional Boundaries and Lacking Financial Sophistication in the Mutual Fund Selection Process

EFA 2008 Athens Meetings Paper
Number of pages: 29 Posted: 19 Mar 2008
Rene Fischer, Steffen Meyer and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 315 (204,633)
Citation 1

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Cost of investment mistakes, Mutual Funds, Fund performance, Fund selection criterion

17.

Consumption out of Fictitious Capital Gains and Selective Inattention

Downloads 218 (297,110)

Consumption out of Fictitious Capital Gains and Selective Inattention

Number of pages: 59 Posted: 11 May 2020 Last Revised: 04 Jan 2021
Benjamin Loos, Steffen Meyer and Michaela Pagel
UNSW, Aarhus University - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 180 (354,161)

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Inattention, Disposition Effect, Consumption Out of Stock Market Wealth

The Consumption Effects of the Disposition to Sell Winners and Hold Losers

NBER Working Paper No. w26668
Number of pages: 58 Posted: 22 Jan 2020 Last Revised: 15 May 2022
Benjamin Loos, Steffen Meyer and Michaela Pagel
UNSW, Aarhus University - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 38 (956,958)

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18.

Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)

SAFE Working Paper No. 146
Number of pages: 49 Posted: 01 Oct 2016 Last Revised: 16 Apr 2019
Sven Thorsten Jakusch, Steffen Meyer and Andreas Hackethal
Goethe University Frankfurt - Department of Finance, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 189 (339,591)

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Prospect Theory, Parameter Elicitation, Investors Heterogeneity

19.

Earnings Announcements, Miller’s Stocks and Private Investors – Trading Patterns and Performance

Number of pages: 63 Posted: 15 Aug 2011 Last Revised: 17 Mar 2012
Thomas Etheber, Dominik Hennen, Steffen Meyer and Tilman Rochow
Goethe University Frankfurt - Department of Finance, Goethe University Frankfurt - Department of Finance, Aarhus University - Department of Finance and Goethe University Frankfurt - Department of Finance
Downloads 178 (358,476)

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Private investors, earnings announcements, Miller’s stocks

20.

Individual Responses to Realized Gains and Losses

Journal of Finance, Forthcoming, Columbia Business School Research Paper
Number of pages: 72 Posted: 08 Jul 2021
Steffen Meyer and Michaela Pagel
Aarhus University - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 157 (399,649)
Citation 1

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21.

Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach

SAFE Working Paper No. 147
Number of pages: 61 Posted: 01 Oct 2016 Last Revised: 16 Apr 2019
Andreas Hackethal, Sven Thorsten Jakusch and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance and Aarhus University - Department of Finance
Downloads 145 (426,600)
Citation 2

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Utility Theory, Maximum Likelihood, Individual Investors

22.

Fully Closed: Individual Responses to Realized Gains and Losses

NBER Working Paper No. w25542
Number of pages: 48 Posted: 12 Feb 2019 Last Revised: 17 Jun 2022
Steffen Meyer and Michaela Pagel
Aarhus University - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 84 (633,030)
Citation 14

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23.

Fresh Air Eases Work – the Effect of Air Quality on Individual Investor Activity

NBER Working Paper No. w24048
Number of pages: 31 Posted: 28 Nov 2017 Last Revised: 18 Mar 2023
Steffen Meyer and Michaela Pagel
Aarhus University - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 74 (680,335)
Citation 1

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24.

Measurement Error in Imputed Consumption

Downloads 37 (942,813)

Measurement Error in Imputed Consumption

NBER Working Paper No. w25078
Number of pages: 37 Posted: 24 Sep 2018 Last Revised: 10 Jul 2023
Scott R. Baker, Lorenz Kueng, Steffen Meyer and Michaela Pagel
Northwestern University, Kellogg School of Management, Department of Finance, Swiss Finance Institute, Aarhus University - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 37 (967,083)

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Measurement Error in Imputed Consumption

Posted: 24 May 2018
Scott R. Baker, Lorenz Kueng, Michaela Pagel and Steffen Meyer
Northwestern University, Kellogg School of Management, Department of Finance, Swiss Finance Institute, Washington University in St. Louis - John M. Olin Business School and Aarhus University - Department of Finance

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Registry Data, Measurement Error, Retail Investors, Household Portfolios

25.

The Impact of Weather on German Retail Investors

Review of Finance (Forthcoming)
Posted: 05 May 2014
Jochen Schmittmann, Jenny Pirschel, Steffen Meyer and Andreas Hackethal
International Monetary Fund (IMF), ZEW – Leibniz Centre for European Economic Research, Aarhus University - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration

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weather; individual investor; mood; trading behavior; stock market