Thomas Schmid

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

21

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Top 5,566

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7,994

SSRN CITATIONS
Rank 23,074

SSRN RANKINGS

Top 23,074

in Total Papers Citations

15

CROSSREF CITATIONS

19

Scholarly Papers (21)

1.

Capital Structure Decisions in Family Firms - Empirical Evidence from a Bank-Based Economy

European Finance Association (EFA), EFA 2009 Bergen Meetings, Review of Managerial Science, Forthcoming
Number of pages: 33 Posted: 23 Mar 2009 Last Revised: 21 Feb 2013
Technische Universität München - Center for Entrepreneurial and Financial Studies, The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 1,263 (16,169)
Citation 11

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family firms, capital structure, leverage, agency conflicts

2.

The Economic Consequences of a 'Glass-Ceiling': Women on Corporate Boards and Firm Value

AFA 2016 San Francisco Meetings Paper
Number of pages: 56 Posted: 25 Oct 2013 Last Revised: 05 Dec 2018
Thomas Schmid and Daniel Urban
The University of Hong Kong - Faculty of Business and Economics and Erasmus University Rotterdam (EUR) - Department of Business Economics
Downloads 1,230 (16,799)

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Female board representation, firm value, exogenous departures, glass-ceiling

3.

Family Firms, Agency Costs and Risk Aversion - Empirical Evidence from Diversification and Hedging Decisions

CEFS Working Paper No. 2008-13
Number of pages: 34 Posted: 11 Dec 2008 Last Revised: 03 Jun 2009
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 976 (23,721)
Citation 9

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Family firms, family ownership, family management, risk management, risk aversion, agency costs, diversification, derivatives, hedging, corporate governance

4.

Hard or Soft Regulation of Corporate Governance?

HHL Research Paper Series in Corporate Governance No. 6
Number of pages: 38 Posted: 20 Sep 2011 Last Revised: 30 Nov 2011
Marc Steffen Rapp, Thomas Schmid and Michael Wolff
University of Marburg - School of Business & Economics, The University of Hong Kong - Faculty of Business and Economics and University of Göttingen
Downloads 869 (28,011)
Citation 3

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corporate governance, code of best practice, firm performance, Germany

5.

Can Financial Flexibility Explain the Debt Conservatism Puzzle? Cross-Country Evidence from Listed Firms

Number of pages: 43 Posted: 20 Apr 2011 Last Revised: 23 Apr 2011
University of Marburg, University of Marburg - School of Business & Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 832 (29,790)
Citation 2

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Capital structure, debt conservatism, financial flexibility, international finance

6.

Employee Representation and Financial Leverage

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 31 Dec 2014 Last Revised: 20 Oct 2016
Chen Lin, Thomas Schmid and Yuhai Xuan
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and University of California, Irvine - Paul Merage School of Business
Downloads 777 (32,708)
Citation 11

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Capital structure, financial leverage, employee representation, labor rights, bank ownership, tax reform

7.

Simulation-Based Valuation of Project Finance - Does Model Complexity Really Matter?

CEFS Working Paper No. 2010-3
Number of pages: 23 Posted: 23 Apr 2010 Last Revised: 29 Sep 2011
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS), The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 664 (40,543)
Citation 1

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Project Finance, Investment Valuation, Stochastic Modeling, Monte Carlo Simulation, Forecasting, Model Complexity

8.

Corporate Governance and Payout Policy: Do Founding Families Have a Special 'Taste for Dividends'?

CEFS Working Paper
Number of pages: 29 Posted: 18 Feb 2010 Last Revised: 24 Oct 2012
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 579 (48,618)
Citation 5

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Dividend policy, share repurchases, payout policy, family firms

Product Price Risk and Liquidity Management: Evidence from the Electricity Industry

Charles A. Dice Center Working Paper No. 2017-12, Fisher College of Business Working Paper No. 2017-3-012
Number of pages: 48 Posted: 16 May 2017 Last Revised: 16 Jul 2019
Chen Lin, Thomas Schmid and Michael S. Weisbach
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Ohio State University (OSU) - Department of Finance
Downloads 206 (155,610)

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Electricity price volatility, cash holdings, weather volatility, operating flexibility, hedging

Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms

NBER Working Paper No. w23434
Number of pages: 55 Posted: 24 May 2017
Chen Lin, Thomas Schmid and Michael S. Weisbach
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Ohio State University (OSU) - Department of Finance
Downloads 14 (606,931)

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10.

Do Outside Directorships Influence CEO Decision Making? Evidence from Labor Strikes

AFA 2017 Chicago Meetings Paper
Number of pages: 48 Posted: 22 Dec 2016 Last Revised: 25 Nov 2019
Daniel Bias and Thomas Schmid
Technische Universität München (TUM) and The University of Hong Kong - Faculty of Business and Economics
Downloads 169 (185,516)

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Outside directorships, labor strikes, salience theory, observational learning, cash holdings

11.

Is Skin in the Game a Game Changer? Evidence from Mandatory Changes to D&O Insurance Policies

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 54 Posted: 29 Mar 2017 Last Revised: 29 Jan 2019
Chen Lin, Micah S. Officer, Thomas Schmid and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and Computer Information Systems, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 145 (212,239)

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Directors and officers (D&O) liability, D&O insurance, deductibles, firm value, risk taking

12.

Anyone Monitoring? How Vanishing Local Newspapers Affect Firms’ Debt Structure

Number of pages: 36 Posted: 03 Jun 2016 Last Revised: 22 Dec 2016
Daniel Bias and Thomas Schmid
Technische Universität München (TUM) and The University of Hong Kong - Faculty of Business and Economics
Downloads 129 (231,458)

Abstract:

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Debt structure, public vs. private debt, local monitoring, newspapers

13.

Conflict or Collusion?: How Employees in the Boardroom Affect Executive Compensation

Number of pages: 47 Posted: 19 Jan 2019 Last Revised: 23 Jan 2019
Chen Lin, Thomas Schmid and Yang Sun
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Brandeis University- International Business School
Downloads 115 (252,158)

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employee representation, executive compensation, job security, regression discontinuity, difference-in-differences

Climate Change, Operating Flexibility, and Corporate Investment Decisions

Fisher College of Business Working Paper No. 2019-03-026, Charles A. Dice Center Working Paper No. 2019-26
Number of pages: 49 Posted: 04 Nov 2019
Chen Lin, Thomas Schmid and Michael S. Weisbach
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Ohio State University (OSU) - Department of Finance
Downloads 15 (599,687)

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climate change, extreme temperatures, firm investment, operational flexibility, electricity generation, power plants

Climate Change, Operating Flexibility and Corporate Investment Decisions

NBER Working Paper No. w26441
Number of pages: 49 Posted: 11 Nov 2019
Chen Lin, Thomas Schmid and Michael S. Weisbach
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Ohio State University (OSU) - Department of Finance
Downloads 11 (628,825)
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15.

Family Firm Heterogeneity and Corporate Policy: Evidence from Diversification Decisions

Corporate Governance: An International Review, Vol. 23, Issue 3, pp. 285-302, 2015
Number of pages: 18 Posted: 29 Apr 2015
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) and Technische Universität München - Center for Entrepreneurial and Financial Studies
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Corporate Governance, Family firms, Family ownership, Family management, Diversification

16.

Why Do Firms (Not) Hedge? -- Novel Evidence on Cultural Influence

Journal of Corporate Finance, Vol. 25, 92-106
Posted: 20 Nov 2013 Last Revised: 06 Dec 2013
Martin Lievenbrueck and Thomas Schmid
Independent and The University of Hong Kong - Faculty of Business and Economics

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hedging, derivatives, risk management, culture, energy utilities

17.

Family Firms and R&D Behavior - New Evidence from a Large-Scale Survey

Research Policy, Forthcoming
Posted: 26 Sep 2013
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)

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family firms, family control & management, R&D intensity, opacity

The Effect of Family Governance on Corporate Time Horizons

Corporate Governance: An International Review, Vol. 21, Issue 6, pp. 547-566, 2013
Number of pages: 20 Posted: 12 Oct 2013
Imke Kappes and Thomas Schmid
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS) and The University of Hong Kong - Faculty of Business and Economics
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Corporate Governance, Family Firms, Intertemporal Choice, Time Horizons, Pressure

The Effect of Family Governance on Corporate Time Horizons

Corporate Governance: An International Review, Forthcoming
Posted: 05 Jul 2013
Imke Kappes and Thomas Schmid
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS) and The University of Hong Kong - Faculty of Business and Economics

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Corporate Governance, Family Firms, Intertemporal Choice, Time Horizons, Pressure

19.

Control Considerations, Creditor Monitoring, and the Capital Structure of Family Firms

Journal of Banking and Finance, Vol. 37, No. 2, 2013
Posted: 05 Jul 2013
Thomas Schmid
The University of Hong Kong - Faculty of Business and Economics

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Capital structure, leverage, family firms, control considerations, creditor monitoring, international evidence

20.

Production Flexibility, Product Markets, and Capital Structure Decisions

Review of Financial Studies, Volume 29, Issue 6, 1 June 2016, Pages 1501–1548
Posted: 12 Jun 2012 Last Revised: 23 Jan 2018
Sebastian J. Reinartz and Thomas Schmid
Technische Universität München (TUM) and The University of Hong Kong - Faculty of Business and Economics

Abstract:

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Capital structur, financial leverage, production flexibility, operating leverage, product markets, energy utilities

21.

Modeling Electricity Spot Prices - Combining Mean-Reversion, Spikes and Stochastic Volatility

European Journal of Finance, Forthcoming
Posted: 21 Feb 2011 Last Revised: 24 Oct 2012
Klaus Mayer, Thomas Schmid and Florian Weber
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS), The University of Hong Kong - Faculty of Business and Economics and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)

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Electricity, Energy markets, Lévy processes, Mean-reversion, Spikes, Stochastic volatility, GARCH