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.