Thomas Schmid

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

24

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Top 6,558

in Total Papers Downloads

9,916

SSRN CITATIONS
Rank 19,398

SSRN RANKINGS

Top 19,398

in Total Papers Citations

33

CROSSREF CITATIONS

20

Scholarly Papers (24)

1.

Female Directors and Firm Value: New Evidence from Directors' Deaths

AFA 2016 San Francisco Meetings Paper
Number of pages: 59 Posted: 25 Oct 2013 Last Revised: 22 Nov 2021
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 1,559 (17,514)
Citation 1

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female directors, director death, firm value, board of directors

2.

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 1,302 (22,950)
Citation 14

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family firms, capital structure, leverage, agency conflicts

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 1,073 (30,450)
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 1,050 (31,446)
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 1,039 (31,913)
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 874 (40,674)
Citation 20

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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 707 (54,001)
Citation 2

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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 624 (63,435)
Citation 6

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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 254 (175,414)
Citation 1

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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 Last Revised: 14 Jul 2022
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 29 (683,905)

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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
Owen Graduate School of Management at Vanderbilt University and The University of Hong Kong - Faculty of Business and Economics
Downloads 258 (173,407)
Citation 1

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

11.

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 213 (208,217)

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

Demand Volatility and Firms’ Investments in Operating Flexibility: Evidence from Planned Power Plants

Fisher College of Business Working Paper No. 2019-03-026, Charles A. Dice Center Working Paper No. 2019-26
Number of pages: 70 Posted: 04 Nov 2019 Last Revised: 06 Jun 2022
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 156 (273,312)

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Demand volatility, firm investment, operating flexibility, operating leverage, power plants

Climate Change, Operating Flexibility and Corporate Investment Decisions

NBER Working Paper No. w26441
Number of pages: 49 Posted: 11 Nov 2019 Last Revised: 01 Oct 2022
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 49 (567,735)

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13.

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, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 201 (219,608)
Citation 1

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

14.

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
Owen Graduate School of Management at Vanderbilt University and The University of Hong Kong - Faculty of Business and Economics
Downloads 169 (255,124)

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

15.

Do Employees Prefer Conservative Accounting?

Number of pages: 47 Posted: 14 Nov 2021 Last Revised: 17 Nov 2021
Chen Lin, Thomas Schmid and Huai Zhang
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Nanyang Business School, Nanyang Technological University
Downloads 113 (348,133)

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Employee representation, accounting conservatism

16.

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
Downloads 5 (884,304)

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Corporate Governance, Family firms, Family ownership, Family management, Diversification

17.

Risk Perceptions, Board Networks, and Directors’ Monitoring

NBER Working Paper No. w28974
Number of pages: 53 Posted: 28 Jun 2021 Last Revised: 02 Sep 2022
The University of Hong Kong - HKU Business School, 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 4 (187,526)
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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
Downloads 3 (947,176)

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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.

Directors’ Incentives from Potential Regulatory Penalties: Evidence from their Voting

Fisher College of Business Working Paper No. 2021-03-011, Charles A. Dice Center Working Paper No. 2021-11, European Corporate Governance Institute – Finance Working Paper No. 809/2021
Number of pages: 64 Posted: 24 Jun 2021
The University of Hong Kong - HKU Business School, 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 234

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Board of directors, director voting, regulatory penalties, board networks

20.

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

21.

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

22.

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

23.

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

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

24.

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