[{"_id":"22205","user_id":"67265","status":"public","jel":["G11"],"citation":{"bibtex":"@article{Hasso_Müller_Pelster_Warkulat, title={Who participated in the GameStop frenzy? Evidence from brokerage accounts}, DOI={<a href=\"https://doi.org/10.1016/j.frl.2021.102140\">10.1016/j.frl.2021.102140</a>}, number={102140}, journal={Finance Research Letters}, author={Hasso, Tim and Müller, Daniel and Pelster, Matthias and Warkulat, Sonja} }","short":"T. Hasso, D. Müller, M. Pelster, S. Warkulat, Finance Research Letters (n.d.).","ama":"Hasso T, Müller D, Pelster M, Warkulat S. Who participated in the GameStop frenzy? Evidence from brokerage accounts. <i>Finance Research Letters</i>. doi:<a href=\"https://doi.org/10.1016/j.frl.2021.102140\">10.1016/j.frl.2021.102140</a>","chicago":"Hasso, Tim, Daniel Müller, Matthias Pelster, and Sonja Warkulat. “Who Participated in the GameStop Frenzy? Evidence from Brokerage Accounts.” <i>Finance Research Letters</i>, n.d. <a href=\"https://doi.org/10.1016/j.frl.2021.102140\">https://doi.org/10.1016/j.frl.2021.102140</a>.","ieee":"T. Hasso, D. Müller, M. Pelster, and S. Warkulat, “Who participated in the GameStop frenzy? Evidence from brokerage accounts,” <i>Finance Research Letters</i>.","mla":"Hasso, Tim, et al. “Who Participated in the GameStop Frenzy? Evidence from Brokerage Accounts.” <i>Finance Research Letters</i>, 102140, doi:<a href=\"https://doi.org/10.1016/j.frl.2021.102140\">10.1016/j.frl.2021.102140</a>.","apa":"Hasso, T., Müller, D., Pelster, M., &#38; Warkulat, S. (n.d.). Who participated in the GameStop frenzy? Evidence from brokerage accounts. <i>Finance Research Letters</i>. <a href=\"https://doi.org/10.1016/j.frl.2021.102140\">https://doi.org/10.1016/j.frl.2021.102140</a>"},"quality_controlled":"1","main_file_link":[{"url":"https://doi.org/10.1016/j.frl.2021.102140"}],"article_number":"102140","language":[{"iso":"eng"}],"doi":"10.1016/j.frl.2021.102140","title":"Who participated in the GameStop frenzy? Evidence from brokerage accounts","year":"2021","author":[{"last_name":"Hasso","first_name":"Tim","full_name":"Hasso, Tim"},{"full_name":"Müller, Daniel","last_name":"Müller","first_name":"Daniel","id":"50569"},{"id":"67265","full_name":"Pelster, Matthias","orcid":" https://orcid.org/0000-0001-5740-2420","first_name":"Matthias","last_name":"Pelster"},{"id":"67243","full_name":"Warkulat, Sonja","first_name":"Sonja","last_name":"Warkulat"}],"date_updated":"2022-01-06T06:55:29Z","publication_status":"accepted","article_type":"original","date_created":"2021-05-14T11:55:12Z","type":"journal_article","keyword":["Predatory Trading","Retail Investors","Trading Behavior"],"department":[{"_id":"186"},{"_id":"578"}],"publication":"Finance Research Letters","related_material":{"link":[{"relation":"research_paper","url":"https://doi.org/10.1016/j.frl.2021.102140"}]},"abstract":[{"lang":"eng","text":"In January 2021, the GameStop stock was the epicenter of the first case of predatory trading initiated by retail investors. We use brokerage accounts to study who participated in this GameStop frenzy and how they performed. We investigate the extent to which investors’ personal and trading characteristics differ from the general population of retail investors. GameStop traders had a history of investing in speculative instruments, including stocks with lottery-like features. They were also more likely to close their positions before the peak of the bubble. At the onset of the frenzy, numerous retail investors also shorted GameStop. Overall, our results indicate that the GameStop frenzy was not a pure digital protest against Wall Street but speculative trading by a group of retail investors, in line with their prior high-risk trading behavior."}]},{"language":[{"iso":"eng"}],"_id":"22211","user_id":"68751","doi":"10.52569/acpj5634","year":"2021","status":"public","title":"Inconsistent tax transfer prices: tax filings, audits, and double taxation","author":[{"full_name":"Lorenz, Johannes","first_name":"Johannes","last_name":"Lorenz"},{"full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","first_name":"Caren","id":"530"},{"first_name":"Markus","last_name":"Diller","full_name":"Diller, Markus"}],"publication_status":"published","date_updated":"2022-01-06T06:55:29Z","date_created":"2021-05-18T06:22:32Z","type":"report","department":[{"_id":"187"}],"citation":{"chicago":"Lorenz, Johannes, Caren Sureth-Sloane, and Markus Diller. <i>Inconsistent Tax Transfer Prices: Tax Filings, Audits, and Double Taxation</i>, 2021. <a href=\"https://doi.org/10.52569/acpj5634\">https://doi.org/10.52569/acpj5634</a>.","ama":"Lorenz J, Sureth-Sloane C, Diller M. <i>Inconsistent Tax Transfer Prices: Tax Filings, Audits, and Double Taxation</i>.; 2021. doi:<a href=\"https://doi.org/10.52569/acpj5634\">10.52569/acpj5634</a>","short":"J. Lorenz, C. Sureth-Sloane, M. Diller, Inconsistent Tax Transfer Prices: Tax Filings, Audits, and Double Taxation, 2021.","bibtex":"@book{Lorenz_Sureth-Sloane_Diller_2021, title={Inconsistent tax transfer prices: tax filings, audits, and double taxation}, DOI={<a href=\"https://doi.org/10.52569/acpj5634\">10.52569/acpj5634</a>}, author={Lorenz, Johannes and Sureth-Sloane, Caren and Diller, Markus}, year={2021} }","mla":"Lorenz, Johannes, et al. <i>Inconsistent Tax Transfer Prices: Tax Filings, Audits, and Double Taxation</i>. 2021, doi:<a href=\"https://doi.org/10.52569/acpj5634\">10.52569/acpj5634</a>.","apa":"Lorenz, J., Sureth-Sloane, C., &#38; Diller, M. (2021). <i>Inconsistent tax transfer prices: tax filings, audits, and double taxation</i>. <a href=\"https://doi.org/10.52569/acpj5634\">https://doi.org/10.52569/acpj5634</a>","ieee":"J. Lorenz, C. Sureth-Sloane, and M. Diller, <i>Inconsistent tax transfer prices: tax filings, audits, and double taxation</i>. 2021."}},{"citation":{"apa":"Blankenfeldt, M., Müller, J., &#38; Weinrich, A. (2021). Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis. In A. Vögele (Ed.), <i>Intangibles - Immaterielle Werte</i> (2nd ed.). C.H.Beck.","ieee":"M. Blankenfeldt, J. Müller, and A. Weinrich, “Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis,” in <i>Intangibles - Immaterielle Werte</i>, 2nd ed., A. Vögele, Ed. München: C.H.Beck, 2021.","chicago":"Blankenfeldt, Maximilian, Jens Müller, and Arndt Weinrich. “Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis.” In <i>Intangibles - Immaterielle Werte</i>, edited by Alexander Vögele, 2nd ed. München: C.H.Beck, 2021.","short":"M. Blankenfeldt, J. Müller, A. Weinrich, in: A. Vögele (Ed.), Intangibles - Immaterielle Werte, 2nd ed., C.H.Beck, München, 2021.","mla":"Blankenfeldt, Maximilian, et al. “Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis.” <i>Intangibles - Immaterielle Werte</i>, edited by Alexander Vögele, 2nd ed., C.H.Beck, 2021.","ama":"Blankenfeldt M, Müller J, Weinrich A. Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis. In: Vögele A, ed. <i>Intangibles - Immaterielle Werte</i>. 2nd ed. C.H.Beck; 2021.","bibtex":"@inbook{Blankenfeldt_Müller_Weinrich_2021, place={München}, edition={2}, title={Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis}, booktitle={Intangibles - Immaterielle Werte}, publisher={C.H.Beck}, author={Blankenfeldt, Maximilian and Müller, Jens and Weinrich, Arndt}, editor={Vögele, Alexander}, year={2021} }"},"publication":"Intangibles - Immaterielle Werte","department":[{"_id":"186"},{"_id":"189"},{"_id":"635"}],"type":"book_chapter","date_created":"2021-05-24T10:26:53Z","place":"München","publication_status":"published","date_updated":"2022-01-06T06:55:29Z","author":[{"full_name":"Blankenfeldt, Maximilian","first_name":"Maximilian","last_name":"Blankenfeldt"},{"last_name":"Müller","first_name":"Jens","full_name":"Müller, Jens","id":"1245"},{"last_name":"Weinrich","orcid":"0000-0002-3983-0269","first_name":"Arndt","full_name":"Weinrich, Arndt","id":"72091"}],"publication_identifier":{"isbn":["978-3-406-71601-0"]},"status":"public","year":"2021","title":"Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis","editor":[{"full_name":"Vögele, Alexander","last_name":"Vögele","first_name":"Alexander"}],"user_id":"72091","edition":"2","_id":"22221","language":[{"iso":"ger"}],"publisher":"C.H.Beck"},{"oa":"1","quality_controlled":"1","citation":{"short":"S. Warkulat, S. Krull, R. Ortmann, N. Klocke, M. Pelster, Covid Economics (2021) 183–205.","chicago":"Warkulat, Sonja, Sebastian Krull, Regina Ortmann, Nina Klocke, and Matthias Pelster. “COVID-19 Reporting and Willingness to Pay for Leisure Activities.” <i>Covid Economics</i>, no. 83 (2021): 183–205.","apa":"Warkulat, S., Krull, S., Ortmann, R., Klocke, N., &#38; Pelster, M. (2021). COVID-19 reporting and willingness to pay for leisure activities. <i>Covid Economics</i>, <i>83</i>, 183–205.","ieee":"S. Warkulat, S. Krull, R. Ortmann, N. Klocke, and M. Pelster, “COVID-19 reporting and willingness to pay for leisure activities,” <i>Covid Economics</i>, no. 83, pp. 183–205, 2021.","ama":"Warkulat S, Krull S, Ortmann R, Klocke N, Pelster M. COVID-19 reporting and willingness to pay for leisure activities. <i>Covid Economics</i>. 2021;(83):183-205.","bibtex":"@article{Warkulat_Krull_Ortmann_Klocke_Pelster_2021, title={COVID-19 reporting and willingness to pay for leisure activities}, number={83}, journal={Covid Economics}, publisher={CEPR Press}, author={Warkulat, Sonja and Krull, Sebastian and Ortmann, Regina and Klocke, Nina and Pelster, Matthias}, year={2021}, pages={183–205} }","mla":"Warkulat, Sonja, et al. “COVID-19 Reporting and Willingness to Pay for Leisure Activities.” <i>Covid Economics</i>, no. 83, CEPR Press, 2021, pp. 183–205."},"user_id":"67265","_id":"22523","funded_apc":"1","publisher":"CEPR Press","page":"183-205","jel":["I10","I12","I18"],"status":"public","department":[{"_id":"186"},{"_id":"578"}],"type":"journal_article","keyword":["COVID-19 reporting","willingness to pay","willingness to accept"],"date_created":"2021-07-02T09:30:36Z","abstract":[{"text":"The containment of COVID-19 critically hinges on individuals’ behavior. We investigate how individuals react to variations in COVID-19 reporting. Using a survey, we elicit individuals' perceived infection risk given various COVID-19 metrics (e.g., confirmed cases, reproduction rate, or case-fatality ratio). We proxy individuals' risk perception with their willingness to pay for the participation in everyday life and amusements events. We find that participants react to different COVID-19 metrics with varying sensitivity. We observe a saturation of sensitivity for several measures at critical limits used in the political discussion, making our results highly relevant for policy makers in their efforts to direct individuals to adhere to hygienic etiquette and social distancing guidelines.","lang":"eng"}],"issue":"83","publication":"Covid Economics","language":[{"iso":"eng"}],"main_file_link":[{"open_access":"1","url":"https://cepr.org/file/11142/download?token=wXdlx51o"}],"article_type":"original","date_updated":"2022-01-06T06:55:36Z","author":[{"id":"67243","last_name":"Warkulat","first_name":"Sonja","full_name":"Warkulat, Sonja"},{"full_name":"Krull, Sebastian","first_name":"Sebastian","last_name":"Krull","id":"84497"},{"id":"10020","full_name":"Ortmann, Regina","first_name":"Regina","last_name":"Ortmann"},{"first_name":"Nina","last_name":"Klocke","full_name":"Klocke, Nina","id":"51025"},{"id":"67265","full_name":"Pelster, Matthias","first_name":"Matthias","last_name":"Pelster","orcid":" https://orcid.org/0000-0001-5740-2420"}],"year":"2021","title":"COVID-19 reporting and willingness to pay for leisure activities"},{"date_updated":"2022-01-06T06:55:37Z","status":"public","title":"The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use","year":"2021","author":[{"id":"84497","last_name":"Krull","first_name":"Sebastian","full_name":"Krull, Sebastian"},{"first_name":"David D.","last_name":"Loschelder","full_name":"Loschelder, David D."},{"last_name":"Boecker","first_name":"Lea","full_name":"Boecker, Lea"}],"user_id":"84497","doi":"10.3389/fpsyg.2021.624198","language":[{"iso":"eng"}],"_id":"22631","publication":"Frontiers in Psychology","citation":{"bibtex":"@article{Krull_Loschelder_Boecker_2021, title={The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use}, DOI={<a href=\"https://doi.org/10.3389/fpsyg.2021.624198\">10.3389/fpsyg.2021.624198</a>}, journal={Frontiers in Psychology}, author={Krull, Sebastian and Loschelder, David D. and Boecker, Lea}, year={2021} }","ama":"Krull S, Loschelder DD, Boecker L. The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use. <i>Frontiers in Psychology</i>. 2021. doi:<a href=\"https://doi.org/10.3389/fpsyg.2021.624198\">10.3389/fpsyg.2021.624198</a>","mla":"Krull, Sebastian, et al. “The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use.” <i>Frontiers in Psychology</i>, 2021, doi:<a href=\"https://doi.org/10.3389/fpsyg.2021.624198\">10.3389/fpsyg.2021.624198</a>.","short":"S. Krull, D.D. Loschelder, L. Boecker, Frontiers in Psychology (2021).","chicago":"Krull, Sebastian, David D. Loschelder, and Lea Boecker. “The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use.” <i>Frontiers in Psychology</i>, 2021. <a href=\"https://doi.org/10.3389/fpsyg.2021.624198\">https://doi.org/10.3389/fpsyg.2021.624198</a>.","ieee":"S. Krull, D. D. Loschelder, and L. Boecker, “The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use,” <i>Frontiers in Psychology</i>, 2021.","apa":"Krull, S., Loschelder, D. D., &#38; Boecker, L. (2021). The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use. <i>Frontiers in Psychology</i>. <a href=\"https://doi.org/10.3389/fpsyg.2021.624198\">https://doi.org/10.3389/fpsyg.2021.624198</a>"},"type":"journal_article","department":[{"_id":"186"}],"date_created":"2021-07-08T09:53:33Z"},{"title":"Tax avoidance through securitization","year":"2021","status":"public","author":[{"id":"36049","full_name":"Uhde, André","first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde"}],"jel":["G21","G28","H25","H71"],"date_updated":"2022-01-06T07:01:40Z","intvolume":"        79","page":"411-421","_id":"5163","language":[{"iso":"eng"}],"user_id":"81176","doi":"10.1016/j.qref.2020.07.008","volume":79,"publication":"The Quarterly Review of Economics and Finance","citation":{"apa":"Uhde, A. (2021). Tax avoidance through securitization. <i>The Quarterly Review of Economics and Finance</i>, <i>79</i>, 411–421. <a href=\"https://doi.org/10.1016/j.qref.2020.07.008\">https://doi.org/10.1016/j.qref.2020.07.008</a>","ieee":"A. Uhde, “Tax avoidance through securitization,” <i>The Quarterly Review of Economics and Finance</i>, vol. 79, pp. 411–421, 2021.","chicago":"Uhde, André. “Tax Avoidance through Securitization.” <i>The Quarterly Review of Economics and Finance</i> 79 (2021): 411–21. <a href=\"https://doi.org/10.1016/j.qref.2020.07.008\">https://doi.org/10.1016/j.qref.2020.07.008</a>.","short":"A. Uhde, The Quarterly Review of Economics and Finance 79 (2021) 411–421.","mla":"Uhde, André. “Tax Avoidance through Securitization.” <i>The Quarterly Review of Economics and Finance</i>, vol. 79, 2021, pp. 411–21, doi:<a href=\"https://doi.org/10.1016/j.qref.2020.07.008\">10.1016/j.qref.2020.07.008</a>.","ama":"Uhde A. Tax avoidance through securitization. <i>The Quarterly Review of Economics and Finance</i>. 2021;79:411-421. doi:<a href=\"https://doi.org/10.1016/j.qref.2020.07.008\">10.1016/j.qref.2020.07.008</a>","bibtex":"@article{Uhde_2021, title={Tax avoidance through securitization}, volume={79}, DOI={<a href=\"https://doi.org/10.1016/j.qref.2020.07.008\">10.1016/j.qref.2020.07.008</a>}, journal={The Quarterly Review of Economics and Finance}, author={Uhde, André}, year={2021}, pages={411–421} }"},"abstract":[{"lang":"eng","text":"Employing a unique hand-collected sample of 956 credit risk securitization transactions issued by 64 stock-listed\r\nEuropean banks across the EU-13 plus Switzerland over the period from 1997 to 2010, this paper empirically analyzes\r\nthe impact of securitization on the issuing banks’ effective tax rates. Our analysis reveals that banks may reduce their\r\ntax expense through securitization via a direct and indirect channel suggesting that tax avoidance may be a further\r\nmotive for banks to engage in the securitization business. These baseline findings remain robust under various\r\nrobustness checks, especially when implementing structural equation models and controlling for a reverse causality\r\nbetween the banks’ tax burden and their incentive to securitize. Finally, various sensitivity analyses provide further\r\nimportant results and implications for tax policies, banking regulation and the ongoing process of revitalizing the\r\nEuropean securitization market."}],"date_created":"2018-10-31T09:55:40Z","keyword":["Securitization","Credit risk transfer","Effective tax rates","European banking"],"type":"journal_article","department":[{"_id":"186"},{"_id":"188"}]},{"status":"public","title":"Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten","year":"2021","author":[{"full_name":"Lorenz, Johannes","first_name":"Johannes","last_name":"Lorenz"},{"full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","first_name":"Caren","id":"530"},{"full_name":"Diller, Markus","first_name":"Markus","last_name":"Diller"}],"publication_status":"published","date_updated":"2022-11-13T10:08:55Z","language":[{"iso":"ger"}],"_id":"22213","publisher":"Executive Summary","user_id":"530","doi":"10.52569/eexu5414","citation":{"short":"J. Lorenz, C. Sureth-Sloane, M. Diller, Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten, Executive Summary, 2021.","chicago":"Lorenz, Johannes, Caren Sureth-Sloane, and Markus Diller. <i>Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten</i>. Executive Summary, 2021. <a href=\"https://doi.org/10.52569/eexu5414\">https://doi.org/10.52569/eexu5414</a>.","ieee":"J. Lorenz, C. Sureth-Sloane, and M. Diller, <i>Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten</i>. Executive Summary, 2021.","apa":"Lorenz, J., Sureth-Sloane, C., &#38; Diller, M. (2021). <i>Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten</i>. Executive Summary. <a href=\"https://doi.org/10.52569/eexu5414\">https://doi.org/10.52569/eexu5414</a>","bibtex":"@book{Lorenz_Sureth-Sloane_Diller_2021, title={Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten}, DOI={<a href=\"https://doi.org/10.52569/eexu5414\">10.52569/eexu5414</a>}, publisher={Executive Summary}, author={Lorenz, Johannes and Sureth-Sloane, Caren and Diller, Markus}, year={2021} }","ama":"Lorenz J, Sureth-Sloane C, Diller M. <i>Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten</i>. Executive Summary; 2021. doi:<a href=\"https://doi.org/10.52569/eexu5414\">10.52569/eexu5414</a>","mla":"Lorenz, Johannes, et al. <i>Abweichende steuerliche Verrechnungspreise in der Steuererklärung oder als Ergebnis einer Betriebsprüfung zwischen verschiedenen Staaten</i>. Executive Summary, 2021, doi:<a href=\"https://doi.org/10.52569/eexu5414\">10.52569/eexu5414</a>."},"date_created":"2021-05-18T06:28:19Z","type":"report","department":[{"_id":"187"}]},{"publication_date":"2021-01-25","user_id":"530","main_file_link":[{"url":"https://zeitung.faz.net/faz/wirtschaft/2021-01-25/wie-kompliziert-darf-eine-regel-sein/562759.html"}],"page":"16","language":[{"iso":"ger"}],"_id":"21402","date_updated":"2022-11-13T10:06:09Z","status":"public","year":"2021","title":"Wie kompliziert darf eine Regel sein?","author":[{"id":"530","full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","first_name":"Caren"},{"first_name":"Dirk","last_name":"Simons","full_name":"Simons, Dirk"}],"type":"newspaper_article","department":[{"_id":"187"}],"date_created":"2021-03-09T07:46:18Z","publication":"Frankfurter Allgemeine Zeitung","issue":"Nr. 20","citation":{"mla":"Sureth-Sloane, Caren, and Dirk Simons. “Wie kompliziert darf eine Regel sein?” <i>Frankfurter Allgemeine Zeitung</i>, no. Nr. 20, 2021.","ama":"Sureth-Sloane C, Simons D. Wie kompliziert darf eine Regel sein? <i>Frankfurter Allgemeine Zeitung</i>. 2021.","bibtex":"@article{Sureth-Sloane_Simons_2021, title={Wie kompliziert darf eine Regel sein?}, number={Nr. 20}, journal={Frankfurter Allgemeine Zeitung}, author={Sureth-Sloane, Caren and Simons, Dirk}, year={2021} }","apa":"Sureth-Sloane, C., &#38; Simons, D. (2021). Wie kompliziert darf eine Regel sein? <i>Frankfurter Allgemeine Zeitung</i>, <i>Nr. 20</i>.","ieee":"C. Sureth-Sloane and D. Simons, “Wie kompliziert darf eine Regel sein?,” <i>Frankfurter Allgemeine Zeitung</i>, no. Nr. 20, 2021.","short":"C. Sureth-Sloane, D. Simons, Frankfurter Allgemeine Zeitung (2021).","chicago":"Sureth-Sloane, Caren, and Dirk Simons. “Wie kompliziert darf eine Regel sein?” <i>Frankfurter Allgemeine Zeitung</i>, 2021."}},{"citation":{"short":"S. Harst, D. Schanz, F. Siegel, C. Sureth-Sloane, 2020 Global MNC Tax Complexity Survey, TRR 266 Accounting for Transparency, 2021.","chicago":"Harst, Simon, Deborah Schanz, Felix Siegel, and Caren Sureth-Sloane. <i>2020 Global MNC Tax Complexity Survey</i>. TRR 266 Accounting for Transparency, 2021. <a href=\"https://doi.org/10.52569/jtln9499\">https://doi.org/10.52569/jtln9499</a>.","apa":"Harst, S., Schanz, D., Siegel, F., &#38; Sureth-Sloane, C. (2021). <i>2020 Global MNC Tax Complexity Survey</i>. TRR 266 Accounting for Transparency. <a href=\"https://doi.org/10.52569/jtln9499\">https://doi.org/10.52569/jtln9499</a>","ieee":"S. Harst, D. Schanz, F. Siegel, and C. Sureth-Sloane, <i>2020 Global MNC Tax Complexity Survey</i>. TRR 266 Accounting for Transparency, 2021.","ama":"Harst S, Schanz D, Siegel F, Sureth-Sloane C. <i>2020 Global MNC Tax Complexity Survey</i>. TRR 266 Accounting for Transparency; 2021. doi:<a href=\"https://doi.org/10.52569/jtln9499\">10.52569/jtln9499</a>","bibtex":"@book{Harst_Schanz_Siegel_Sureth-Sloane_2021, title={2020 Global MNC Tax Complexity Survey}, DOI={<a href=\"https://doi.org/10.52569/jtln9499\">10.52569/jtln9499</a>}, publisher={TRR 266 Accounting for Transparency}, author={Harst, Simon and Schanz, Deborah and Siegel, Felix and Sureth-Sloane, Caren}, year={2021} }","mla":"Harst, Simon, et al. <i>2020 Global MNC Tax Complexity Survey</i>. TRR 266 Accounting for Transparency, 2021, doi:<a href=\"https://doi.org/10.52569/jtln9499\">10.52569/jtln9499</a>."},"type":"report","department":[{"_id":"187"}],"date_created":"2021-09-15T10:59:29Z","publication_status":"published","date_updated":"2022-11-13T10:12:13Z","title":"2020 Global MNC Tax Complexity Survey","year":"2021","status":"public","author":[{"first_name":"Simon","last_name":"Harst","full_name":"Harst, Simon"},{"full_name":"Schanz, Deborah","last_name":"Schanz","first_name":"Deborah"},{"first_name":"Felix","last_name":"Siegel","full_name":"Siegel, Felix"},{"id":"530","first_name":"Caren","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901","full_name":"Sureth-Sloane, Caren"}],"user_id":"530","doi":"10.52569/jtln9499","language":[{"iso":"eng"}],"_id":"24517","publisher":"TRR 266 Accounting for Transparency"},{"date_created":"2021-12-20T08:59:07Z","type":"misc","department":[{"_id":"187"}],"citation":{"ieee":"M. Lagarden, U. Schreiber, D. Simons, and C. Sureth-Sloane, <i>Wem nutzt Public Country-by-Country Reporting?</i> Schmalenbach IMPULSE, 2021.","apa":"Lagarden, M., Schreiber, U., Simons, D., &#38; Sureth-Sloane, C. (2021). <i>Wem nutzt Public Country-by-Country Reporting?</i> Schmalenbach IMPULSE.","chicago":"Lagarden, Martin, Ulrich Schreiber, Dirk Simons, and Caren Sureth-Sloane. <i>Wem nutzt Public Country-by-Country Reporting?</i> Schmalenbach IMPULSE, 2021.","short":"M. Lagarden, U. Schreiber, D. Simons, C. Sureth-Sloane, Wem nutzt Public Country-by-Country Reporting?, Schmalenbach IMPULSE, 2021.","mla":"Lagarden, Martin, et al. <i>Wem nutzt Public Country-by-Country Reporting?</i> Schmalenbach IMPULSE, 2021.","bibtex":"@book{Lagarden_Schreiber_Simons_Sureth-Sloane_2021, title={Wem nutzt Public Country-by-Country Reporting?}, publisher={Schmalenbach IMPULSE}, author={Lagarden, Martin and Schreiber, Ulrich and Simons, Dirk and Sureth-Sloane, Caren}, year={2021} }","ama":"Lagarden M, Schreiber U, Simons D, Sureth-Sloane C. <i>Wem nutzt Public Country-by-Country Reporting?</i> Schmalenbach IMPULSE; 2021."},"main_file_link":[{"url":"https://schmalenbach-impulse.de/wem-nutzt-public-country-by-country-reporting/"}],"_id":"29052","publisher":"Schmalenbach IMPULSE","language":[{"iso":"ger"}],"user_id":"530","title":"Wem nutzt Public Country-by-Country Reporting?","year":"2021","status":"public","author":[{"full_name":"Lagarden, Martin","last_name":"Lagarden","first_name":"Martin"},{"full_name":"Schreiber, Ulrich","first_name":"Ulrich","last_name":"Schreiber"},{"full_name":"Simons, Dirk","first_name":"Dirk","last_name":"Simons"},{"full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane","id":"530"}],"date_updated":"2022-11-13T10:14:08Z","publication_status":"published"},{"date_updated":"2022-11-13T10:12:42Z","publication_status":"published","author":[{"first_name":"Alexandra","last_name":"Maßbaum","full_name":"Maßbaum, Alexandra"},{"id":"530","full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","first_name":"Caren"}],"title":"Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage","status":"public","year":"2021","user_id":"530","language":[{"iso":"ger"}],"_id":"29053","publisher":"Neue Wirtschafts-Briefe","citation":{"chicago":"Maßbaum, Alexandra, and Caren Sureth-Sloane. <i>Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage</i>. Herne: Neue Wirtschafts-Briefe, 2021.","short":"A. Maßbaum, C. Sureth-Sloane, Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage, Neue Wirtschafts-Briefe, Herne, 2021.","apa":"Maßbaum, A., &#38; Sureth-Sloane, C. (2021). <i>Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage</i>. Neue Wirtschafts-Briefe.","ieee":"A. Maßbaum and C. Sureth-Sloane, <i>Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage</i>. Herne: Neue Wirtschafts-Briefe, 2021.","ama":"Maßbaum A, Sureth-Sloane C. <i>Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage</i>. Neue Wirtschafts-Briefe; 2021.","bibtex":"@book{Maßbaum_Sureth-Sloane_2021, place={Herne}, title={Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage}, publisher={Neue Wirtschafts-Briefe}, author={Maßbaum, Alexandra and Sureth-Sloane, Caren}, year={2021} }","mla":"Maßbaum, Alexandra, and Caren Sureth-Sloane. <i>Besteuerung und Rechtsformwahl, 8., aktualisierte und erweiterte Auflage</i>. Neue Wirtschafts-Briefe, 2021."},"department":[{"_id":"187"}],"type":"book","place":"Herne","date_created":"2021-12-20T09:10:02Z"},{"author":[{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane"}],"year":"2021","status":"public","title":"Zur Komplexität des Steuersystems","date_updated":"2022-11-13T10:11:39Z","publication_status":"published","language":[{"iso":"ger"}],"_id":"29055","publication_date":"20210920","user_id":"530","citation":{"apa":"Sureth-Sloane, C. (2021). Zur Komplexität des Steuersystems. <i>Süddeutsche Zeitung</i>.","ieee":"C. Sureth-Sloane, “Zur Komplexität des Steuersystems,” <i>Süddeutsche Zeitung</i>, 2021.","short":"C. Sureth-Sloane, Süddeutsche Zeitung (2021).","chicago":"Sureth-Sloane, Caren. “Zur Komplexität des Steuersystems.” <i>Süddeutsche Zeitung</i>, 2021.","mla":"Sureth-Sloane, Caren. “Zur Komplexität des Steuersystems.” <i>Süddeutsche Zeitung</i>, 2021.","ama":"Sureth-Sloane C. Zur Komplexität des Steuersystems. <i>Süddeutsche Zeitung</i>. 2021.","bibtex":"@article{Sureth-Sloane_2021, title={Zur Komplexität des Steuersystems}, journal={Süddeutsche Zeitung}, author={Sureth-Sloane, Caren}, year={2021} }"},"publication":"Süddeutsche Zeitung","date_created":"2021-12-20T09:14:36Z","department":[{"_id":"187"}],"type":"newspaper_article"},{"department":[{"_id":"186"},{"_id":"578"}],"type":"journal_article","date_created":"2021-10-25T09:17:03Z","quality_controlled":"1","abstract":[{"lang":"eng","text":"We study the relationship between risk managers' dark triad personality traits (Machiavellianism, narcissism, and psychopathy) and their selective hedging activities. Using a primary survey of 412 professional risk managers, we find that managers with dark personality traits are more likely to engage in selective hedging than those without. This effect is particularly pronounced for older, male, and less experienced risk managers. The effect is also stronger in smaller firms, less centralized risk management departments, and family-owned firms."}],"citation":{"ama":"Pelster M, Hofmann A, Klocke N, Warkulat S. Dark Triad Personality Traits and Selective Hedging. <i>Journal of Business Ethics</i>. doi:<a href=\"https://doi.org/10.1007/s10551-021-04985-z\">10.1007/s10551-021-04985-z</a>","bibtex":"@article{Pelster_Hofmann_Klocke_Warkulat, title={Dark Triad Personality Traits and Selective Hedging}, DOI={<a href=\"https://doi.org/10.1007/s10551-021-04985-z\">10.1007/s10551-021-04985-z</a>}, journal={Journal of Business Ethics}, publisher={Springer}, author={Pelster, Matthias and Hofmann, Annette and Klocke, Nina and Warkulat, Sonja} }","mla":"Pelster, Matthias, et al. “Dark Triad Personality Traits and Selective Hedging.” <i>Journal of Business Ethics</i>, Springer, doi:<a href=\"https://doi.org/10.1007/s10551-021-04985-z\">10.1007/s10551-021-04985-z</a>.","short":"M. Pelster, A. Hofmann, N. Klocke, S. Warkulat, Journal of Business Ethics (n.d.).","chicago":"Pelster, Matthias, Annette Hofmann, Nina Klocke, and Sonja Warkulat. “Dark Triad Personality Traits and Selective Hedging.” <i>Journal of Business Ethics</i>, n.d. <a href=\"https://doi.org/10.1007/s10551-021-04985-z\">https://doi.org/10.1007/s10551-021-04985-z</a>.","apa":"Pelster, M., Hofmann, A., Klocke, N., &#38; Warkulat, S. (n.d.). Dark Triad Personality Traits and Selective Hedging. <i>Journal of Business Ethics</i>. <a href=\"https://doi.org/10.1007/s10551-021-04985-z\">https://doi.org/10.1007/s10551-021-04985-z</a>","ieee":"M. Pelster, A. Hofmann, N. Klocke, and S. Warkulat, “Dark Triad Personality Traits and Selective Hedging,” <i>Journal of Business Ethics</i>, doi: <a href=\"https://doi.org/10.1007/s10551-021-04985-z\">10.1007/s10551-021-04985-z</a>."},"publication":"Journal of Business Ethics","doi":"10.1007/s10551-021-04985-z","user_id":"67243","language":[{"iso":"eng"}],"_id":"26775","publisher":"Springer","article_type":"original","date_updated":"2022-05-20T10:16:58Z","publication_status":"accepted","author":[{"full_name":"Pelster, Matthias","orcid":" https://orcid.org/0000-0001-5740-2420","first_name":"Matthias","last_name":"Pelster","id":"67265"},{"full_name":"Hofmann, Annette","last_name":"Hofmann","first_name":"Annette"},{"last_name":"Klocke","first_name":"Nina","full_name":"Klocke, Nina","id":"51025"},{"full_name":"Warkulat, Sonja","last_name":"Warkulat","first_name":"Sonja","id":"67243"}],"title":"Dark Triad Personality Traits and Selective Hedging","status":"public","year":"2021"},{"date_created":"2023-01-11T11:31:54Z","type":"working_paper","keyword":["credit default swaps","risk perception of CDS investors","mergers and acquisitions","event study"],"department":[{"_id":"186"},{"_id":"188"}],"citation":{"mla":"Hippert, Benjamin, and André Uhde. <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>.","ama":"Hippert B, Uhde A. <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>.","bibtex":"@book{Hippert_Uhde, title={CDS Investors’ Risk Perceptions of M&#38;A Announcements}, author={Hippert, Benjamin and Uhde, André} }","apa":"Hippert, B., &#38; Uhde, A. (n.d.). <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>.","ieee":"B. Hippert and A. Uhde, <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>. .","chicago":"Hippert, Benjamin, and André Uhde. <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>, n.d.","short":"B. Hippert, A. Uhde, CDS Investors’ Risk Perceptions of M&#38;A Announcements, n.d."},"abstract":[{"text":"Merging a sample of 492 merger and acquisition (M&A) announcements from 284 acquiring firms across Europe and North America with data from 5-year single-name credit default swaps (CDSs) written on stock-listed acquiring firms between 2005 and 2018, the paper at hand empirically analyzes the CDS investors’ risk perceptions of M&A announcements using event study methodologies. As a baseline result, we provide evidence for significantly positive cumulative average abnormal CDS spread changes for both, European and North American acquirers suggesting that CDS investors perceive an increase in the acquiring firms’ credit risk exposures due to M&A announcements. Our baseline finding holds under several robustness checks, especially when controlling for the robustness of the empirical design. Moreover, results from a large variety of sensitivity analyses reveal a number of deal and firm characteristics that may explain why CDS investors from our sample expect an increase in the acquirers’ credit risk exposures due to forthcoming M&A transactions. ","lang":"eng"}],"language":[{"iso":"eng"}],"_id":"36060","user_id":"36049","status":"public","year":"2021","title":"CDS Investors’ Risk Perceptions of M&A Announcements","author":[{"first_name":"Benjamin","last_name":"Hippert","full_name":"Hippert, Benjamin"},{"full_name":"Uhde, André","last_name":"Uhde","first_name":"André","id":"36049"}],"jel":["G14","G34"],"publication_status":"unpublished","date_updated":"2023-11-17T10:23:54Z"},{"department":[{"_id":"186"},{"_id":"188"}],"type":"working_paper","keyword":["banking","outstanding CDS net notional","determinants of bank CDS trading"],"date_created":"2023-01-11T11:34:17Z","abstract":[{"text":"This paper empirically investigates determinants of the outstanding net notional amount\r\nof credit default swaps (CDSs) contracts written on banks. We extend and complement the\r\nprevious literature dealing with CDS trading by analyzing a comprehensive set of CDS tradingspecific,\r\nbank-fundamental, macroeconomic and bank-institutional determinants. We find that\r\nrisk hedging clearly dominates an investor’s speculation and arbitrage motive, while the latter,\r\nhowever, exhibits the strongest impact on the outstanding net notional amount of bank CDSs.\r\nFurthermore, being classified as a G-SIB, being a constituent of the main CDS index and the\r\nequity trading volume may significantly explain changes in the outstanding CDS net notional on\r\nbanks. The analysis at hand provides important implications for both academics and practitioners,\r\nsince understanding the trading motives of bank CDS investors provides a deeper insight into the\r\nopaque CDS market. ","lang":"eng"}],"citation":{"bibtex":"@book{Hippert_Uhde_Wengerek, title={Determinants of CDS Trading on Major Banks}, author={Hippert, Benjamin and Uhde, André and Wengerek, Sascha Tobias} }","ama":"Hippert B, Uhde A, Wengerek ST. <i>Determinants of CDS Trading on Major Banks</i>.","mla":"Hippert, Benjamin, et al. <i>Determinants of CDS Trading on Major Banks</i>.","short":"B. Hippert, A. Uhde, S.T. Wengerek, Determinants of CDS Trading on Major Banks, n.d.","chicago":"Hippert, Benjamin, André Uhde, and Sascha Tobias Wengerek. <i>Determinants of CDS Trading on Major Banks</i>, n.d.","ieee":"B. Hippert, A. Uhde, and S. T. Wengerek, <i>Determinants of CDS Trading on Major Banks</i>. .","apa":"Hippert, B., Uhde, A., &#38; Wengerek, S. T. (n.d.). <i>Determinants of CDS Trading on Major Banks</i>."},"user_id":"36049","_id":"36063","language":[{"iso":"eng"}],"date_updated":"2023-11-17T10:23:44Z","publication_status":"unpublished","jel":["G10","G12","G21"],"author":[{"full_name":"Hippert, Benjamin","last_name":"Hippert","first_name":"Benjamin"},{"id":"36049","first_name":"André","last_name":"Uhde","full_name":"Uhde, André"},{"last_name":"Wengerek","first_name":"Sascha Tobias","full_name":"Wengerek, Sascha Tobias"}],"title":"Determinants of CDS Trading on Major Banks","status":"public","year":"2021"},{"date_updated":"2023-12-19T13:25:04Z","status":"public","title":"Tax Evasion Penalties and Aggressive Tax Avoidance","year":"2021","author":[{"last_name":"Giese","first_name":"Henning","full_name":"Giese, Henning","id":"92812"}],"user_id":"74000","language":[{"iso":"eng"}],"_id":"49876","citation":{"bibtex":"@book{Giese_2021, title={Tax Evasion Penalties and Aggressive Tax Avoidance}, author={Giese, Henning}, year={2021} }","chicago":"Giese, Henning. <i>Tax Evasion Penalties and Aggressive Tax Avoidance</i>, 2021.","ama":"Giese H. <i>Tax Evasion Penalties and Aggressive Tax Avoidance</i>.; 2021.","short":"H. Giese, Tax Evasion Penalties and Aggressive Tax Avoidance, 2021.","ieee":"H. Giese, <i>Tax Evasion Penalties and Aggressive Tax Avoidance</i>. 2021.","mla":"Giese, Henning. <i>Tax Evasion Penalties and Aggressive Tax Avoidance</i>. 2021.","apa":"Giese, H. (2021). <i>Tax Evasion Penalties and Aggressive Tax Avoidance</i>."},"type":"working_paper","department":[{"_id":"187"}],"date_created":"2023-12-19T13:24:58Z"},{"publication":"beck.digitax","issue":"1","citation":{"apa":"Graßl, B., &#38; Giese, H. (2021). Überwälzung von Digitalsteuern. <i>beck.digitax</i>, <i>1</i>, 13–21.","ieee":"B. Graßl and H. Giese, “Überwälzung von Digitalsteuern,” <i>beck.digitax</i>, no. 1, pp. 13–21, 2021.","short":"B. Graßl, H. Giese, beck.digitax (2021) 13–21.","chicago":"Graßl, Benjamin, and Henning Giese. “Überwälzung von Digitalsteuern.” <i>beck.digitax</i>, no. 1 (2021): 13–21.","mla":"Graßl, Benjamin, and Henning Giese. “Überwälzung von Digitalsteuern.” <i>beck.digitax</i>, no. 1, 2021, pp. 13–21.","ama":"Graßl B, Giese H. Überwälzung von Digitalsteuern. <i>beck.digitax</i>. 2021;(1):13-21.","bibtex":"@article{Graßl_Giese_2021, title={Überwälzung von Digitalsteuern}, number={1}, journal={beck.digitax}, author={Graßl, Benjamin and Giese, Henning}, year={2021}, pages={13–21} }"},"type":"journal_article","department":[{"_id":"187"}],"date_created":"2023-12-19T13:17:26Z","date_updated":"2024-02-06T10:20:03Z","status":"public","title":"Überwälzung von Digitalsteuern","year":"2021","author":[{"full_name":"Graßl, Benjamin","last_name":"Graßl","first_name":"Benjamin"},{"first_name":"Henning","last_name":"Giese","full_name":"Giese, Henning","id":"92812"}],"user_id":"74000","page":"13-21","language":[{"iso":"ger"}],"_id":"49870"},{"date_created":"2021-08-02T12:37:50Z","type":"report","department":[{"_id":"187"}],"citation":{"chicago":"Fochmann, Martin, Vanessa Heile, Hans-Peter Huber, Ralf Maiterth, and Caren Sureth-Sloane. <i>Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten</i>. TRR 266 Accounting for Transparency, 2021. <a href=\"https://doi.org/10.52569/xgkv7897\">https://doi.org/10.52569/xgkv7897</a>.","short":"M. Fochmann, V. Heile, H.-P. Huber, R. Maiterth, C. Sureth-Sloane, Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten, 2021.","apa":"Fochmann, M., Heile, V., Huber, H.-P., Maiterth, R., &#38; Sureth-Sloane, C. (2021). <i>Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten</i>. <a href=\"https://doi.org/10.52569/xgkv7897\">https://doi.org/10.52569/xgkv7897</a>","ieee":"M. Fochmann, V. Heile, H.-P. Huber, R. Maiterth, and C. Sureth-Sloane, <i>Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten</i>. 2021.","ama":"Fochmann M, Heile V, Huber H-P, Maiterth R, Sureth-Sloane C. <i>Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten</i>.; 2021. doi:<a href=\"https://doi.org/10.52569/xgkv7897\">10.52569/xgkv7897</a>","bibtex":"@book{Fochmann_Heile_Huber_Maiterth_Sureth-Sloane_2021, series={TRR 266 Accounting for Transparency}, title={Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten}, DOI={<a href=\"https://doi.org/10.52569/xgkv7897\">10.52569/xgkv7897</a>}, author={Fochmann, Martin and Heile, Vanessa and Huber, Hans-Peter and Maiterth, Ralf and Sureth-Sloane, Caren}, year={2021}, collection={TRR 266 Accounting for Transparency} }","mla":"Fochmann, Martin, et al. <i>Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten</i>. 2021, doi:<a href=\"https://doi.org/10.52569/xgkv7897\">10.52569/xgkv7897</a>."},"_id":"22923","series_title":"TRR 266 Accounting for Transparency","language":[{"iso":"ger"}],"user_id":"74000","doi":"10.52569/xgkv7897","year":"2021","status":"public","title":"Umfrage: Steuerliche Belastung deutscher Unternehmen – Steuerlast und Verwaltungskosten","author":[{"last_name":"Fochmann","first_name":"Martin","full_name":"Fochmann, Martin"},{"last_name":"Heile","first_name":"Vanessa","full_name":"Heile, Vanessa","id":"83380"},{"first_name":"Hans-Peter","last_name":"Huber","full_name":"Huber, Hans-Peter"},{"full_name":"Maiterth, Ralf","last_name":"Maiterth","first_name":"Ralf"},{"id":"530","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"}],"publication_status":"published","date_updated":"2024-02-06T10:29:35Z"},{"user_id":"21810","language":[{"iso":"eng"}],"_id":"29313","date_updated":"2024-04-17T13:35:20Z","year":"2021","title":"Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict","status":"public","jel":["F14","F18","F23","F51"],"author":[{"last_name":"Wengerek","first_name":"Sascha Tobias","full_name":"Wengerek, Sascha Tobias"},{"id":"36049","full_name":"Uhde, André","orcid":"https://orcid.org/0000-0002-8058-8857","first_name":"André","last_name":"Uhde"}],"type":"working_paper","keyword":["event study","international relations","protectionism","strategic trade policy","tariffs","trade conflict"],"department":[{"_id":"186"},{"_id":"19"}],"date_created":"2022-01-13T11:06:25Z","abstract":[{"lang":"eng","text":"Employing a unique sample of 2,849 tariff imposition announcements by and against the United States (U.S.) over the period from 2018 to 2019, this study analyzes the impact of recent tariff announcements on share prices from 859 U.S. companies. We provide evidence for negative (cumulative) average abnormal stock returns due to tariff announcements during a symmetric three-day event window. We suggest that stock market investors expect adverse impacts of tariff impositions, e.g. a decrease in the companies’ future cash flows and a threat of retaliation. The negative wealth effects are observed irrespective of whether the Trump administration announces safeguard tariffs to protect domestic firms or a retaliation is declared by foreign countries. Moreover, building several subsamples, we find that the adverse impact is mostly driven by announcements involving China and is associated with a variety of sector, tariff, trade and firm characteristics. "}],"citation":{"ama":"Wengerek ST, Uhde A. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>.; 2021.","bibtex":"@book{Wengerek_Uhde_2021, title={Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict}, author={Wengerek, Sascha Tobias and Uhde, André}, year={2021} }","mla":"Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>. 2021.","chicago":"Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>, 2021.","short":"S.T. Wengerek, A. Uhde, Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict, 2021.","apa":"Wengerek, S. T., &#38; Uhde, A. (2021). <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>.","ieee":"S. T. Wengerek and A. Uhde, <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>. 2021."}},{"department":[{"_id":"186"},{"_id":"19"}],"type":"working_paper","date_created":"2022-01-13T11:15:12Z","abstract":[{"lang":"eng","text":"We merge a sample of 492 merger and acquisition (M&A) announcements from 284 acquiring firms across North America and Europe with data from 5-year single-name credit default swaps (CDSs) that are written on stock-listed acquiring firms between 2005 and 2018. Subsequently, we empirically analyze the CDS investors’ risk perception of M&A announcements using event study methodologies. As a baseline finding, we provide evidence for significantly positive cumulative average abnormal CDS spread changes suggesting that CDS investors perceive an increase in the acquiring firms’ credit risk exposures due to M&A announcements. Our baseline finding holds under several robustness checks, especially when controlling for the robustness of the empirical design as well as regional and sectoral differences. Moreover, results from a large variety of sensitivity analyses including deal and firm characteristics provide a deeper insight into the driving factors of CDS investors’ risk perceptions of M&A announcements."}],"citation":{"mla":"Hippert, Benjamin, and André Uhde. <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>. 2021.","ama":"Hippert B, Uhde A. <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>.; 2021.","bibtex":"@book{Hippert_Uhde_2021, title={CDS investors’ risk perceptions of M&#38;A announcements}, author={Hippert, Benjamin and Uhde, André}, year={2021} }","apa":"Hippert, B., &#38; Uhde, A. (2021). <i>CDS investors’ risk perceptions of M&#38;A announcements</i>.","ieee":"B. Hippert and A. Uhde, <i>CDS investors’ risk perceptions of M&#38;A announcements</i>. 2021.","chicago":"Hippert, Benjamin, and André Uhde. <i>CDS Investors’ Risk Perceptions of M&#38;A Announcements</i>, 2021.","short":"B. Hippert, A. Uhde, CDS Investors’ Risk Perceptions of M&#38;A Announcements, 2021."},"user_id":"21810","language":[{"iso":"eng"}],"_id":"29315","date_updated":"2024-04-17T13:35:29Z","author":[{"first_name":"Benjamin","last_name":"Hippert","full_name":"Hippert, Benjamin"},{"id":"36049","first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","full_name":"Uhde, André"}],"status":"public","year":"2021","title":"CDS investors’ risk perceptions of M&A announcements"}]