Josef Zechner

Re­search In­terests

Cor­por­ate Fin­ance, Fin­an­cial In­sti­tu­tions, As­set Man­age­ment

Se­lec­ted Pub­lic­a­tions

• Wu, Y., Wer­mers, R., Zech­ner, J., 2016, Ma­na­gerial rents vs. share­holder value in deleg­ated port­fo­lio man­age­ment: The case of closed-end funds, The Re­view of Fin­an­cial Stud­ies 29(12), 3428-3470.

• Halling, M., Yu, J., Zech­ner, J., 2016, Lever­age dy­nam­ics over the busi­ness cycle, Journal of Fin­an­cial Eco­nom­ics 122(1), 21-41.

• Gu­gler, K., Ivan­ova, N., Zech­ner, J., 2014, Own­er­ship and con­trol in Cent­ral and Eastern Europe, Journal of Cor­por­ate Fin­ance 26, 145-163.

• Friewald, N., Wag­ner, C., Zech­ner, J., 2014, The Cross‐Sec­tion of Credit Risk Premia and Equity Re­turns, The Journal of Fin­ance 69(6), 2419-2469.

• Hen­nessy, C.A., Zech­ner, J., 2011, A the­ory of debt mar­ket il­li­quid­ity and lever­age cyc­lic­al­ity, The Re­view of Fin­an­cial Stud­ies 24(10), -3400.

• Stoughton, N.M., Wu, Y., Zech­ner, J., 2011, In­ter­me­di­ated in­vest­ment man­age­ment, The Journal of Fin­ance 66(3), 947-980.