selected publications

Selected papers in refereed journals: [T]=Theory, [E]=Empirical

pre-PhD

[T] Capital structure, information acquisition, and investment decisions in an industry framework, 1999, Review of Finance 2, 251-271, with V. Maksimovic and J. Zechner.

post-PhD

[E] IPO pricing with bookbuilding and a when-issued market, 2006, Journal of Financial and Quantitative Analysis 41(4), 829-862, with W. Aussenegg and P. Pichler.

[T] A theory of banks' industry expertise, market power, and credit risk, 2006, Management Science 52(10), 1618-1633. (Based on a chapter of my PhD thesis.)

[T/E] Why leverage affects pricing, 2008, Review of Financial Studies 21(4), 1733-1765, with P. Pichler and C. Zulehner.

Book chapters:

[E] The separation of ownership and control: an Austrian perspective, with K. Gugler, S. Kalss and J. Zechner, in Becht, M., and C. Mayer (ed.), The control of corporate Europe, Oxford University Press.

Working papers: for more information, click on working papers.

[E] Snow and leverage, 2010, with X. Giroud, H. Mueller, and A. Westerkamp

[E] The politics of related lending, 2010, with M. Halling and P. Pichler

[T] Conditioning and updating under cumulative prospect theory, 2010,
with M.L. Vierø.

[T] Primary market design in the presence of when-issued markets, 2010,
with P. Pichler.