Claudio F. Loderer

University of Berne - Institute for Financial Management

Engehaldenstrasse 4

Bern, CH-3012

Switzerland

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

SCHOLARLY PAPERS

24

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11,397

CITATIONS
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Top 5,889

in Total Papers Citations

86

Scholarly Papers (24)

1.

Shareholder Value: Principles, Declarations, and Actions

ECGI - Finance Working Paper No. 95/2005
Number of pages: 53 Posted: 17 Feb 2006 Last Revised: 19 May 2015
Claudio F. Loderer, Lukas Roth, Urs Waelchli and Petra Joerg
University of Berne - Institute for Financial Management, University of Alberta - Department of Finance and Statistical Analysis, Rochester-Bern Executive Programs and University of Berne - Institute for Financial Management
Downloads 1,897 (6,998)
Citation 1

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Shareholder value, corporate target, corporate governance

2.

Firm Age and Performance

Number of pages: 52 Posted: 19 Feb 2009 Last Revised: 26 Aug 2012
Claudio F. Loderer and Urs Waelchli
University of Berne - Institute for Financial Management and Rochester-Bern Executive Programs
Downloads 1,783 (7,891)
Citation 8

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firm age, organizational rigidities, firm life cycle, corporate governance, firm performance

3.

Shareholder Value Maximization: What Managers Say and What They Do

Number of pages: 37 Posted: 30 Oct 2002
Petra Joerg, Claudio F. Loderer and Lukas Roth
University of Berne - Institute for Financial Management, University of Berne - Institute for Financial Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 1,330 (12,600)
Citation 2

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Shareholder value, Stakeholder value, Managerial targets, Performance

4.

Firms, Do You Know Your Currency Risk Exposure? Survey Results

Number of pages: 42 Posted: 24 Jan 2000
Karl Pichler and Claudio F. Loderer
Universitaet Bern and University of Berne - Institute for Financial Management
Downloads 1,303 (13,028)
Citation 22

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5.

The Pricing Discount for Limited Liquidity: Evidence from the Swx Swiss Exchange and the NASDAQ

Number of pages: 42 Posted: 18 Sep 2003
Claudio F. Loderer and Lukas Roth
University of Berne - Institute for Financial Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 943 (21,253)
Citation 12

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Liquidity, Asset pricing, Bid-ask spread

6.

Protecting Minority Shareholders: Listed versus Unlisted Firms

ECGI - Finance Working Paper No. 133/2006
Number of pages: 50 Posted: 23 Aug 2006 Last Revised: 23 Dec 2008
Claudio F. Loderer and Urs Waelchli
University of Berne - Institute for Financial Management and Rochester-Bern Executive Programs
Downloads 929 (21,683)
Citation 4

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Minority protection, unlisted firms, corporate governance, board of directors, disclosure

7.
Downloads 669 ( 34,416)
Citation 1

Luck and Entrepreneurial Success

Number of pages: 60 Posted: 05 Nov 2011 Last Revised: 05 Aug 2014
Diego Liechti, Claudio F. Loderer and Urs Peyer
University of Berne - Institute for Financial Management, University of Berne - Institute for Financial Management and INSEAD - Finance
Downloads 420 (61,749)
Citation 1

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luck, start-ups, entrepreneur, factors of success, performance

Luck and Entrepreneurial Success

Swiss Finance Institute Research Paper No. 14-51
Number of pages: 62 Posted: 08 Aug 2014
Diego Liechti, Claudio F. Loderer and Urs Peyer
University of Berne - Institute for Financial Management, University of Berne - Institute for Financial Management and INSEAD - Finance
Downloads 249 (111,577)
Citation 1

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luck, start-ups, entrepreneur, factors of success, performance

8.
Downloads 488 ( 51,750)
Citation 33

Board Overlap, Seat Accumulation, and Share Prices

EFMA 2001 Lugano Meetings
Number of pages: 40 Posted: 14 Jun 2001
Urs Peyer and Claudio F. Loderer
INSEAD - Finance and University of Berne - Institute for Financial Management
Downloads 445 (57,509)
Citation 33

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Board Overlap, Seat Accumulation and Share Prices

European Financial Management, Vol. 8, pp. 165-192, 2002
Number of pages: 28 Posted: 22 May 2002
Urs Peyer and Claudio F. Loderer
INSEAD - Finance and University of Berne - Institute for Financial Management
Downloads 43 (388,035)
Citation 33
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9.

Black's Simple Discounting Rule

Simon School Working Paper No. FR 08-25
Number of pages: 42 Posted: 17 Mar 2008 Last Revised: 27 Jan 2013
Claudio F. Loderer, John B. Long and Lukas Roth
University of Berne - Institute for Financial Management, Simon Graduate School of Business, University of Rochester and University of Alberta - Department of Finance and Statistical Analysis
Downloads 366 (73,387)
Citation 2

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Black, valuation, discounting, conditional cash flows

10.

Do Cash Distributions Justify Share Prices?

EFA 2006 Zurich Meetings Paper
Number of pages: 47 Posted: 26 Mar 2004 Last Revised: 27 Jan 2013
Claudio F. Loderer and Lukas Roth
University of Berne - Institute for Financial Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 315 (87,098)

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Cash distributions, dividends, equity risk premium

Limited Managerial Attention and Corporate Aging

ECGI - Finance Working Paper No. 381, Fisher College of Business Working Paper No. 2013-03-13, Charles A. Dice Center Working Paper No. 2013-13, Swiss Finance Institute Research Paper No. 13-46
Number of pages: 64 Posted: 06 Sep 2013 Last Revised: 13 Nov 2013
Claudio F. Loderer, René M. Stulz and Urs Waelchli
University of Berne - Institute for Financial Management, Ohio State University (OSU) - Department of Finance and Rochester-Bern Executive Programs
Downloads 295 (93,210)

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firm age, firm performance, corporate governance, firm life cycle, competition, credit constraints

Limited Managerial Attention and Corporate Aging

NBER Working Paper No. w19428
Number of pages: 59 Posted: 14 Sep 2013
Claudio F. Loderer, René M. Stulz and Urs Waelchli
University of Berne - Institute for Financial Management, Ohio State University (OSU) - Department of Finance and Rochester-Bern Executive Programs
Downloads 7 (576,828)

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12.

America and the Swiss Stock Exchange: An Intraday Analysis

EFMA 2004 Basel Meetings Paper
Number of pages: 38 Posted: 27 Apr 2004
Marc-André Mittermayer and Claudio F. Loderer
University of Bern - Institute of Information Systems and University of Berne - Institute for Financial Management
Downloads 230 (121,481)

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Switzerland, U.S., equity, linkages, economic news, Wall Street open, return volatility, trading volume

Socialism and Intrafirm Asset Allocation

Number of pages: 30 Posted: 14 Apr 2003
Petra Joerg, Claudio F. Loderer and Lukas Roth
University of Berne - Institute for Financial Management, University of Berne - Institute for Financial Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 195 (142,092)

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Capital budgeting, Internal socialism, Empire building, Managerial optimism, Performance

Socialism and Intrafirm Asset Allocation

European Financial Management, Vol. 11, No. 2, pp. 133-152, March 2005
Number of pages: 8 Posted: 28 Mar 2005
Petra Joerg, Claudio F. Loderer and Lukas Roth
University of Berne - Institute for Financial Management, University of Berne - Institute for Financial Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 16 (522,508)
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14.

Employment Protection and Investment Opportunities

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 460/2016, Swiss Finance Institute Research Paper No. 16-07
Number of pages: 47 Posted: 03 Feb 2016 Last Revised: 30 Jun 2017
Claudio F. Loderer, Urs Waelchli and Jonas Zeller
University of Berne - Institute for Financial Management, Rochester-Bern Executive Programs and University of Berne – Institute for Financial Management
Downloads 173 (159,475)

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employment protection, innovation, investment opportunities, financial flexibility, operating flexibility

15.

Corporate Aging and Takeover Risk

Review of Finance, Forthcoming
Number of pages: 54 Posted: 06 Jun 2013 Last Revised: 25 Nov 2014
Claudio F. Loderer and Urs Waelchli
University of Berne - Institute for Financial Management and Rochester-Bern Executive Programs
Downloads 144 (185,452)

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takeovers, financial distress, life cycle

16.

Dentists and Managers: Private Investor Profiles

Number of pages: 52 Posted: 07 Aug 2006
Petra Joerg and Claudio F. Loderer
University of Berne - Institute for Financial Management and University of Berne - Institute for Financial Management
Downloads 125 (207,564)

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Investor behavior, investor clusters, profession, gender

17.

Core Abilities and Divestitures

Number of pages: 64 Posted: 01 Nov 2014 Last Revised: 14 Oct 2016
Demian Berchtold, Claudio F. Loderer and Urs Waelchli
Ecole hôtelière de Lausanne, University of Berne - Institute for Financial Management and Rochester-Bern Executive Programs
Downloads 120 (214,100)

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divestitures, corporate lifecycle, firm age, core competences, rigidities, technology shocks

18.

Luck and Entrepreneurship

Simon Business School Working Paper No. FR 17-20
Number of pages: 52 Posted: 30 Aug 2017
Diego Liechti, Claudio F. Loderer, Urs Peyer and Urs Waelchli
University of Berne - Institute for Financial Management, University of Berne - Institute for Financial Management, INSEAD - Finance and Rochester-Bern Executive Programs
Downloads 37 (402,627)

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luck, start-ups, entrepreneur, factors of success, performance

19.

Pension Risk and Corporate Investment Distortion

Number of pages: 54 Posted: 30 Jan 2018
Demian Berchtold, Oliver Dichter, Claudio F. Loderer and Urs Waelchli
Ecole hôtelière de Lausanne, University of Bern, University of Berne - Institute for Financial Management and Rochester-Bern Executive Programs
Downloads 28 (440,417)

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Pension Risk; Defined Benefit Pension Plan; Corporate Investment; Capital Budgeting; Cost of Capital

20.

Implementing Fischer Black's Simple Discounting Rule

Journal of Applied Corporate Finance, Vol. 22, Issue 2, pp. 60-68, Spring 2010
Number of pages: 11 Posted: 28 Jul 2010
Claudio F. Loderer, John B. Long and Lukas Roth
University of Berne - Institute for Financial Management, Simon Graduate School of Business, University of Rochester and University of Alberta - Department of Finance and Statistical Analysis
Downloads 4 (568,051)
Citation 1
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21.

The Nestle' Crash

Posted: 16 Sep 1999
Andreas Jacobs and Claudio F. Loderer
Leibniz Universität Hannover and University of Berne - Institute for Financial Management

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22.

Issue Day Effects for Common Stock Offerings: Causes and Consequences

Posted: 20 Dec 1998
Claudio F. Loderer, Dennis P. Sheehan and Gregory B. Kadlec
University of Berne - Institute for Financial Management, Pennsylvania State University and Virginia Polytechnic Institute & State University - Pamplin College of Business

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23.

What Does the Market Learn from Stock Offering Revisions?

Financial Management Vol. 27 No. 1, Spring 1998
Posted: 15 Jun 1998
Tina M. Galloway, Claudio F. Loderer and Dennis P. Sheehan
University of Miami - Department of Finance, University of Berne - Institute for Financial Management and Pennsylvania State University

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24.

Executive Stock Ownership and Performance: Tracking Faint Traces

Posted: 17 May 1998
Kenneth J. Martin and Claudio F. Loderer
New Mexico State University - Department of Finance & Business Law and University of Berne - Institute for Financial Management

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