Research

Publications:

  • "Journalist Disagreement" (with H. Jacobs and S. Müller), Journal of Financial Markets, 2018, Vol. 41, pp. 57-76. Download here.
  • "Stock Repurchases and Liquidity" (with E. Maug and S. Obernberger), Journal of Financial Economics, 2016, Vol. 119, pp. 186-209. Download here.
  • "Alphabetic Bias, Investor Recognition, and Trading Behavior" (with H. Jacobs), Review of Finance, 2016, Vol. 20, pp. 693-723. Download here.
  • "Media Makes Momentum" (with H. Jacobs and S. Müller), Review of Financial Studies, 2014, Vol. 27, pp. 3647-3501. Download here.

 

Working Papers:

  • "The Value of Visibility" (with M. Ungeheuer), 2018. Download here.
    This paper was previously circulated under the title "Ninety Years of Media Coverage and the Cross-Section of Stock Returns".
  • "Mutual Fund Shareholder Letters: Flows, Performance, and Managerial Behavior" (with A. Niessen-Ruenzi and S. Ruenzi), 2020. Download here.
    This paper was previously circulated under the title "Mutual Fund Shareholder Letter Tone - Do Investors Listen?".
  • "M&A(dvertising)" (with A. Kunzmann and S. Ruenzi), 2018.
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