Faculty

Josef Zechner

Contact Details:

Email: josef.zechner@wu.ac.at
Personal Homepage

Professor at the Institute for Finance, Banking and Insurance, WU (Vienna University of Economics and Business), member of the Austrian Academy of Sciences and Research Fellow at the Centre for Economic Policy Research (CEPR)

Research Interests:
Corporate Finance, Financial Institutions, Asset Management

Selected Publications:

Russ Wermers, Youchang Wu, and Josef Zechner, "Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds", forthcoming, The Review of Financial Studies

Michael Halling, Jin Yu, and Josef Zechner, "Leverage Dynamics over the Business Cycle", forthcoming, The Journal of Financial Economics

Klaus Gugler, Natalia Ivanova, and Josef Zechner, „Ownership and Control in Central and Eastern Europe”, Journal of Corporate Finance, 26, 2014, pp. 145–163.

Nils Friewald, Christian Wagner, and Josef Zechner, “The Cross-Section of Credit Risk Premia and Equity Returns”, The Journal of Finance, 69, 2014, pp. 2419-2470.

Christopher A. Hennessy and Josef Zechner, “A Theory of Debt Market Illiquidity and Leverage Cyclicality”, The Review of Financial Studies, 24, 2011, pp. 3369-3400.

Neal Stoughton, Youchang Wu and Josef Zechner, “Intermediated Investment Management’’, The Journal of Finance, 66, 2011, pp. 947-980.