Selected Working papers:
Growth Options, Macroeconomic Conditions and the Cross-Section of Credit Risk. M. Arnold, A. F. Wagner & R. Westermann. Working Paper, March 2012.
The Value of Director Industry Experience. F. von Meyerinck, D. Oesch & M. Schmid, Working Paper, March 2012.
Hedge Fund Liquidity and Performance: Evidence from the Financial Crisis. N. Schaub & M. Schmid, Working Paper, January 2012.
Is There Really No Conglomerate Discount? M. Ammann, D. Hoechle & M. Schmid, Journal of Business Finance and Accounting, 39(1-2), 2012, 264-288.
Disposition Effect and Mutual Fund Performance. M. Ammann, A. Ising & S. Kessler, Applied Financial Economics, 22(1), 2012, 1-19.
How Much of the Diversification Discount Can be Explained by Poor Corporate Governance? D. Hoechle, M. Schmid, I. Walter & D. Yermack, Journal of Financial Economics 103(1), 2012, 41-60.
Geographical Diversification and Firm Value in the Financial Secto. M. Schmid & I. Walter, Journal of Empirical Finance 19(1), 2012, 109-122.
An Alternative Three-factor Model for International Markets: Evidence from the European Monetary Union. M. Ammann, S. Odoni & D. Oesch, Journal of Banking and Finance (forthcoming).
Hedge Fund Characteristics and Performance Persistence. M. Ammann, O. Huber & M. Schmid, European Financial Management (forthcoming).
Product Market Competition, Corporate Governance, and Firm Value: Evidence from the EU-Area. M. Schmid, M. Ammann & D. Oesch, European Financial Management (forthcoming).
Received research funds / thirdparty refunds:
SNF Project: Prof Martin Brown and Dr Stefan Morkoetter were awarded a 2-year grant by the Swiss National Science foundation (SNF) for their project «Household-Bank Relationships and Financial Fragility». The project will analyze data from a recently performed representative survey of 1500 Swiss households, which provides information on the bank-relationships maintained by each household and how each household changed these relationships during the financial crisis.