Former Members | Chair of Finance and Accounting

Completion of the doctorate: 2023

Topic: Detecting Earnings Management

Publications:

PhD thesis: https://doi.org/10.51363/unifr.eth.2022.003
The Disappearance of the Zero-Earnings Discontinuity: SOX, Dotcom Boom or Gradual Decline?, Finance Research Letters 48, 2022, 103033, with P. Fiechter & M. Wallmeier, https://doi.org/10.1016/j.frl.2022.103033

Completion of the doctorate: 2020

Topic: Essays on Structured Financial Products

Publications:

Perceived Attractiveness of Structured Financial Products: The Role of Presentation Format and Reference Instruments, Journal of Behavioral Finance, 21:1, 78-102, mit M. Wallmeier.
Constant leverage certificates: dynamics, performance, and risk-return characteristics, Quantitative Finance and Economics, 4(4): 693-724.

Completion of the doctorate: 2019

Topic: Der Home Bias: Erklärungsansätze, internationales Kapitalmarktgleichgewicht und erwartete Renditen

Publications:

Home Bias and Expected Returns: A Structural Approach, Journal of International Money and Finance 124, 2022, with M. Wallmeier, https://doi.org/10.1016/j.jimonfin.2022.102634

Completion of the doctorate: 2015

Topic: Three Essays on Financial Economics of Banking – Bank Diversifcation, Asset Returns, and Earnings Management

Publications:

Valuation of diversified banks – New evidence, in: Journal of Banking and Finance, Vol. 80, 2017, p. 203-214, with M. Wallmeier.

Completion of the doctorate: 2015

Topic: Using Long-Term Tendencies of ROE in Equity Valuation Analysis and Investment Strategies for the European Market

Completion of the doctorate: 2014

Topic: Financial Analysts and Information Processing on Financial Markets

Completion of the doctorate: 2014

Topic: Essays on stock market anomalies in Europe

Publications:

Kapitalkostenbestimmung unter Berücksichtigung von Defined Benefit Plans, in: Controlling & Management, Vol. 56(6), 2012, S. 430-455, with H. Förster.
A Note on the Impact of Portfolio Overlapping in Tests of the Fama and French Three-Factor Model, with M. Wallmeier. Available on http://papers.ssrn.com/sol3/papers.cfmabstract_id=2169398.

Completion of the doctorate: 2013

Topic: Fair is foul, and foul is fair? Informations- und Bewertungsaspekte der Fair Value-Bilanzierung

Publications:

Value Relevance of the Fair Value Hierarchy of IFRS 7 in Europe – How reliable are mark-to-model Fair Values?, Working Papers SES 439, Faculty of Economics and Social Sciences, University of Fribourg (Switzerland). Available on RERO DOC: http://doc.rero.ch/record/30782?ln=en.
Fair Values in der Bankbilanz – Erfüllen europäische Banken die erweiterten Offenlegungspflichten nach IFRS?, Schweizer Treuhänder 8/2013, 458-464, with F. Imhof and M. Wallmeier.

Completion of the doctorate: 2012

Topic: Exploring the Smile with Vanillas and Exotics – Essays on Pricing, Hedging and Trading Strategies

Publications:

Market Pricing of Exotic Structured Products – The Case of Multi-Asset Barrier Reverse Convertibles in Switzerland, in: Journal of Derivatives, Vol. 17, No. 2, 2009, S. 59-72, with M. Wallmeier.
Multivariate Downside Risk – Normal versus Variance Gamma, Journal of Futures Markets 32 (2012), 431-458, with M. Wallmeier.
Market Pricing of Exotic Structured Products – The Case of Multi-Asset Barrier Reverse Convertibles in Switzerland, with M. Wallmeier. Available on SSRN: http://ssrn.com/abstract=1095772.
Multivariate Downside Risk – Normal Versus Variance Gamma , with M. Wallmeier. Available on SSRN: http://ssrn.com/abstract=1594267.
"Hohe Coupons haben ihren Preis", in: NZZ v. 26.8.2008, p. SB3, with M. Wallmeier.