Publications

by members of

European Corporate Governance Institute (ECGI)
Bruxelles/Brussel, Belgium

Working papers

2009

1. Fernandes, Nuno & Giannetti, Mariassunta, 2009. "On the Fortunes of Stock Exchanges and Their Reversals: Evidence from Foreign Listings," CEPR Discussion Papers 7308, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Richard A. Lambert & Christian Leuz & Robert E. Verrecchia, 2009. "Information Asymmetry, Information Precision, and the Cost of Capital," NBER Working Papers 14881, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. Christian Leuz & Catherine Schrand, 2009. "Disclosure and the Cost of Capital: Evidence from Firms’ Responses to the Enron Shock," NBER Working Papers 14897, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

2008

1. Giannetti, Mariassunta & Ongena, Steven, 2008. ""Lending by Example": Direct and Indirect Effects of Foreign Banks in Emerging Markets," CEPR Discussion Papers 6958, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Giannetti, Mariassunta & Yafeh, Yishay, 2008. "Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans," CEPR Discussion Papers 7020, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Delescluse, Mico & Delescluse, Matthieu & Delescluse, Michal, 2008. "The EU trade policy is an important contribution to overcome slow economic growth in the EU countries. Challenge this point of view," MPRA Paper 7186, University Library of Munich, Germany. [Downloadable!]

2007

1. Giannetti, Mariassunta & Yu, Xiaoyun, 2007. "Favouritism or Markets in Capital Allocation?," CEPR Discussion Papers 6124, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Giannetti, Mariassunta & Yu, Xiaoyun, 2007. "Favoritism or Markets in Capital Allocation?," SIFR Research Report Series 50, Institute for Financial Research. [Downloadable!]
3. Giannetti, Mariassunta, 2007. "Serial CEO Incentives and the Structure of Managerial Contracts," CEPR Discussion Papers 6422, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
4. Giannetti, Mariassunta & Laeven, Luc, 2007. "Pension Reform, Ownership Structure, and Corporate Governance: Evidence from Sweden," CEPR Discussion Papers 6489, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
5. Leuz, Christian & Lins, Karl V. & Warnock, Francis E., 2007. "Do Foreigners Invest Less in Poorly Governed Firms?," Working Papers 07-2, University of Pennsylvania, Wharton School, Weiss Center. [Downloadable!]
6. Mico, Apostolov, 2007. "The New Face Of The Imf," MPRA Paper 6545, University Library of Munich, Germany. [Downloadable!]

2006

1. Becht, Marco & Mayer, Colin & Wagner, Hannes, 2006. "Where Do Firms Incorporate?," CEPR Discussion Papers 5875, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Christian Leuz & Karl V. Lins & Francis E. Warnock, 2006. "Do Foreigners Invest Less in Poorly Governed Firms?," NBER Working Papers 12222, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. Apostolov , Mico, 2006. "Optimum currency areas and asymmetric shocks," MPRA Paper 6521, University Library of Munich, Germany. [Downloadable!]
4. Mico, Apostolov, 2006. ""Competition Policy on both sides of the Atlantic” Analyses of mergers that were accepted (or refused) in the EC but not in the US," MPRA Paper 6531, University Library of Munich, Germany. [Downloadable!]
5. Mico, Apostolov, 2006. "M1069: Worldcom/Mci," MPRA Paper 6535, University Library of Munich, Germany. [Downloadable!]
6. Mico, Apostolov, 2006. "Les Quatre Libertés Dans L’Union Européenne - Droit Du Marché Intérieur," MPRA Paper 6537, University Library of Munich, Germany. [Downloadable!]
7. Mico, Apostolov, 2006. "Macédoine et Grèce: Est-ce-que l’Union Européenne est sans réponse dans la dispute autour du nom ?," MPRA Paper 6536, University Library of Munich, Germany. [Downloadable!]
8. Mico, Apostolov, 2006. "The Macedonian Question – changes in content over time," MPRA Paper 6568, University Library of Munich, Germany. [Downloadable!]

2005

1. Adriana Di Liberto & Roberto Mura & Francesco Pigliaru, 2005. "How to Measure the Unobservable: A Panel Technique for the Analysis of TFP Convergence," Working Papers 2005.16, Fondazione Eni Enrico Mattei. [Downloadable!]
2. Giannetti, Mariassunta & Ongena, Steven, 2005. "Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets," CEPR Discussion Papers 5151, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Mariassunta Giannetti & Steven Ongena, 2005. "Financial integration and entrepreneurial activity - evidence from foreign bank entry in emerging markets," Working Paper Series 498, European Central Bank. [Downloadable!]
4. Hail, Luzi & Leuz, Christian, 2005. "Cost of Capital and Cash Flow Effects of U.S. Cross Listings," Working Papers 05-2, University of Pennsylvania, Wharton School, Weiss Center. [Downloadable!]
5. Mico, Apostolov, 2005. "Catching up with the EU - the economic case of Macedonia," MPRA Paper 6542, University Library of Munich, Germany. [Downloadable!]
6. Mico, Apostolov, 2005. ""The monetary policy of the European Central Bank is too conservative.” Discussion," MPRA Paper 6543, University Library of Munich, Germany. [Downloadable!]
7. Mico, Apostolov, 2005. ""Crisis? What Crisis?" To what extent does the outcome of the French and Dutch referenda of May/June 2005 represent a crisis for the EU?," MPRA Paper 6567, University Library of Munich, Germany. [Downloadable!]

2004

1. Adriana Di Liberto & Francesco Pigliaru & Roberto Mura, 2004. "How to measure the unobservable: a panel technique for the analysis of TFP convergence," Working Paper CRENoS 200405, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
2. Burkart, Mike & Ellingsen, Tore & Giannetti, Mariassunta, 2004. "What You Sell is What You Lend? Explaining Trade Credit Contracts," CEPR Discussion Papers 4823, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Mariassunta Giannetti, 2004. "Old and Modern Currency Crises: Short-Term Liabilities, Speculative Attacks and Business Cycles," Econometric Society 2004 North American Summer Meetings 133, Econometric Society. [Downloadable!]

2003

1. Adriana Di Liberto & Roberto Mura & Francesco Pigliaru, 2003. "A panel technique for the analysis of technology convergence: The case of the Italian regions," ERSA conference papers ersa03p293, European Regional Science Association. [Downloadable!]
2. Giannetti, Mariassunta & Koskinen, Yrjö, 2003. "Investor Protection and the Demand for Equity," Working Paper Series in Economics and Finance 526, Stockholm School of Economics, revised 14 May 2003. [Downloadable!]
3. Giannetti, Mariassunta & Simonov, Andrei, 2003. "Which Investors Fear Expropriation? Evidence from Investors' Stock Picking," CEPR Discussion Papers 3843, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
4. Giannetti, Mariassunta, 2003. "On the Causes of Overlending: Are Guarantees on Deposits the Culprit?," CEPR Discussion Papers 4055, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
5. Giannetti, Mariassunta & Koskinen, Yrjö, 2003. "Investor Protection and Equity-Holdings: An Explanation of Two Puzzles?," CEPR Discussion Papers 4017, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
6. Giannetti, Mariassunta & Simonov, Andrei, 2003. "Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choice," CEPR Discussion Papers 4157, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
7. Christian Leuz & Jens Wüstemann, 2003. "The Role of Accounting in the German Financial System," CFS Working Paper Series 2003/16, Center for Financial Studies. [Downloadable!]
8. Brian J. Bushee & Christian Leuz, 2003. "Economic Consequences of SEC Disclosure Regulation," Center for Financial Institutions Working Papers 02-24, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
9. Christian Leuz & Felix Oberholzer-Gee, 2003. "Political Relationships, Global Financing and Corporate Transparency," CREMA Working Paper Series 2003-03, Center for Research in Economics, Management and the Arts (CREMA). [Downloadable!]

2002

1. Patrick Bolton & Marco Becht & Alisa Roell, 2002. "Corporate Governance and Control," NBER Working Papers 9371, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Friebel, Guido & Giannetti, Mariassunta, 2002. "Fighting for Talent: Risk-Shifting, Corporate Volatility, and Organizational Change," CEPR Discussion Papers 3610, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Giannetti, Mariassunta & Simonov, Andrei, 2002. "Which Investors Fear Expropriation?," SIFR Research Report Series 10, Institute for Financial Research. [Downloadable!]
4. Friebel , Guido & Giannetti, Mariassunta, 2002. "Fighting for Talent: Risk-shifting, Corporate Volatility, and Organizational Change," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]

2001

1. Giannetti, Mariassunta, 2001. "Risk sharing and firm size: theory and international evidence," Working Paper Series in Economics and Finance 0472, Stockholm School of Economics, revised 06 Nov 2001. [Downloadable!]

2000

1. Giannetti, M., 2000. "On the Mechanics of Migration Decisions: Skill Complementarities and Endogenous Price Differentials," Papers 366, Banca Italia - Servizio di Studi.
2. Giannetti, M., 2000. "Banking System, International Investors and Central Bank Policy in Everging Markets," Papers 369, Banca Italia - Servizio di Studi.
3. Giannetti, M., 2000. "Do Better Institutions Mitigate Agency Problems? Evidence from Corporate Finance Choices," Papers 376, Banca Italia - Servizio di Studi.
4. Mariassunta Giannetti, 2000. "Banking System, International Investors and Central Bank Policy in Emerging Markets," Temi di discussione (Economic working papers) 369, Bank of Italy, Economic Research Department. [Downloadable!]
5. Mariassunta Giannetti, 2000. "Do Better Institutions Mitigate Agency Problems? Evidence from Corporate Finance Choices," Temi di discussione (Economic working papers) 376, Bank of Italy, Economic Research Department. [Downloadable!]
6. Mariassunta Giannetti, 2000. "On the Mechanics of Migration Decisions; Skill Complementarities and Endogenous Price Differentials," Temi di discussione (Economic working papers) 366, Bank of Italy, Economic Research Department. [Downloadable!]
7. Christian Leuz, 2000. "IAS versus US GAAP: A "New Market" Based Comparison," Working Paper Series: Finance and Accounting 48, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]

1999

1. Becht, M. & Chapelle, A. & Renneboog, L.D.R., 1999. "Shareholding cascades : the separation of ownership and control in Belgium," Discussion Paper 96, Tilburg University, Center for Economic Research. [Downloadable!]
2. Christian Leuz, 1999. "The Development of Voluntary Cash Flow Statements in Germany and the Influence of International Reporting Standards," Working Paper Series: Finance and Accounting 40, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]
3. Robert E. Verrecchia & Christian Leuz, 1999. "The Economic Consequences of Increased Disclosure," Working Paper Series: Finance and Accounting 41, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]

1998

1. Christian Leuz, 1998. "Voluntary Disclosure of Cash Flow Statements and Segment Data in Germany," Working Paper Series: Finance and Accounting 21, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]

1995

1. J. Bradford De Long & Marco Becht, 1995. ""Excess Volatility" and the German Stock Market, 1870-1990," Economic History 9509002, EconWPA. [Downloadable!]

1994

1. Becht, M., 1994. "The Theory and Estimation of Individual and Social Welfare Measures: A Critical Review," Papers 9409, Centro de Estudios Monetarios Y Financieros-.
2. Becht, M. & Ramirez, C., 1994. "Financial Capitalism in Pre-World War I Germany: Universal Banks, Interlocking Directorships and the Mining and Steel Industry," Papers 9410, Centro de Estudios Monetarios Y Financieros-.

1992

1. J. Bradford De Long & Marco Becht, 1992. ""Excess Volatility" and the German Stock Market, 1876-1990," NBER Working Papers 4054, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

Undated

1. J. Bradford De Long & Marco Becht, . "`Excess Volatility' in the German Stock Market, 1876-1990," J. Bradford De Long's Working Papers _134, University of California at Berkeley, Economics Department. [Downloadable!]
2. M. Becht & E. Böhmer, . "Transparency of Ownership and Control in Germany," Sonderforschungsbereich 373 1997-91, Humboldt Universitaet Berlin.
3. Christian Leuz & Felix Oberholzer-Gee, . "Political Relationships, Global Financing and Corporate Transparency," Center for Financial Institutions Working Papers 03-16, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]

Journal articles

2009

1. Mariassunta Giannetti & Steven Ongena, 2009. "Financial Integration and Firm Performance: Evidence from Foreign Bank Entry in Emerging Markets," Review of Finance, Oxford University Press for European Finance Association, vol. 13(2), pages 181-223. [Downloadable!] (restricted)
2. Mariassunta Giannetti & Andrei Simonov, 2009. "Social Interactions and Entrepreneurial Activity," Journal of Economics & Management Strategy, Blackwell Publishing, vol. 18(3), pages 665-709, 09. [Downloadable!] (restricted)
3. Christian Leuz & Karl V. Lins & Francis E. Warnock, 2009. "Do Foreigners Invest Less in Poorly Governed Firms?," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 22(8), pages 3245-3285, August. [Downloadable!] (restricted)

2008

1. Adriana Di Liberto & Francesco Pigliaru & Roberto Mura, 2008. "How to measure the unobservable: a panel technique for the analysis of TFP convergence," Oxford Economic Papers, Oxford University Press, vol. 60(2), pages 343-368, April. [Downloadable!] (restricted)
2. Leuz, Christian & Triantis, Alexander & Yue Wang, Tracy, 2008. "Why do firms go dark? Causes and economic consequences of voluntary SEC deregistrations," Journal of Accounting and Economics, Elsevier, vol. 45(2-3), pages 181-208, August. [Downloadable!] (restricted)
3. Holger Daske & Luzi Hail & Christian Leuz & Rodrigo Verdi, 2008. "Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences," Journal of Accounting Research, Blackwell Publishing, vol. 46(5), pages 1085-1142, December. [Downloadable!] (restricted)

2007

1. Giannetti, Mariassunta, 2007. "Financial liberalization and banking crises: The role of capital inflows and lack of transparency," Journal of Financial Intermediation, Elsevier, vol. 16(1), pages 32-63, January. [Downloadable!] (restricted)
2. Martin Gelter & Jürg Roth, 2007. "Subordination of Shareholder Loans from a Legal and Economic Perspective," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 5(2), pages 40-47, 07. [Downloadable!]
3. Richard Lambert & Christian Leuz & Robert E. Verrecchia, 2007. "Accounting Information, Disclosure, and the Cost of Capital," Journal of Accounting Research, Blackwell Publishing, vol. 45(2), pages 385-420, 05. [Downloadable!] (restricted)
4. Leuz, Christian, 2007. "Was the Sarbanes-Oxley Act of 2002 really this costly? A discussion of evidence from event returns and going-private decisions," Journal of Accounting and Economics, Elsevier, vol. 44(1-2), pages 146-165, September. [Downloadable!] (restricted)

2006

1. Mariassunta Giannetti & Andrei Simonov, 2006. "Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices," Journal of Finance, American Finance Association, vol. 61(3), pages 1507-1547, 06. [Downloadable!] (restricted)
2. Gelter, Martin, 2006. "The subordination of shareholder loans in bankruptcy," International Review of Law and Economics, Elsevier, vol. 26(4), pages 478-502, December. [Downloadable!] (restricted)
3. Leuz, Christian & Oberholzer-Gee, Felix, 2006. "Political relationships, global financing, and corporate transparency: Evidence from Indonesia," Journal of Financial Economics, Elsevier, vol. 81(2), pages 411-439, August. [Downloadable!] (restricted)
4. Leuz, Christian, 2006. "Cross listing, bonding and firms' reporting incentives: A discussion of Lang, Raedy and Wilson (2006)," Journal of Accounting and Economics, Elsevier, vol. 42(1-2), pages 285-299, October. [Downloadable!] (restricted)
5. Luzi Hail & Christian Leuz, 2006. "International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?," Journal of Accounting Research, Blackwell Publishing, vol. 44(3), pages 485-531, 06. [Downloadable!] (restricted)

2005

1. Marco Becht, 2005. "Corporate Governance: An Assessment," Oxford Review of Economic Policy, Oxford University Press, vol. 21(2), pages 155-163, Summer.
2. Maria-Teresa Marchica & Roberto Mura, 2005. "Direct and Ultimate Ownership Structures in the UK: an intertemporal perspective over the last decade," Corporate Governance: An International Review, Blackwell Publishing, vol. 13(1), pages 26-45, 01. [Downloadable!] (restricted)
3. Wolfgang Drobetz & Matthias Kammermann & Urs Wälchli, 2005. "Long-Run Performance of Initial Public Offerings: The Evidence for Switzerland," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 57(3), pages 253–275, July. [Downloadable!]
4. Bushee, Brian J. & Leuz, Christian, 2005. "Economic consequences of SEC disclosure regulation: evidence from the OTC bulletin board," Journal of Accounting and Economics, Elsevier, vol. 39(2), pages 233-264, June. [Downloadable!] (restricted)

2003

1. Becht, Marco & Boehmer, Ekkehart, 2003. "Voting control in German corporations," International Review of Law and Economics, Elsevier, vol. 23(1), pages 1-29, March. [Downloadable!] (restricted)
2. Giannetti, Mariassunta, 2003. "On the mechanics of migration decisions: skill complementarities and endogenous price differentials," Journal of Development Economics, Elsevier, vol. 71(2), pages 329-349, August. [Downloadable!] (restricted)
3. Giannetti, Mariassunta, 2003. " Bank-Firm Relationships and Contagious Banking Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(2), pages 239-61, April.
4. Giannetti, Mariassunta, 2003. "Do Better Institutions Mitigate Agency Problems? Evidence from Corporate Finance Choices," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 38(01), pages 185-212, March. [Downloadable!]
5. Leuz, Christian & Nanda, Dhananjay & Wysocki, Peter D., 2003. "Earnings management and investor protection: an international comparison," Journal of Financial Economics, Elsevier, vol. 69(3), pages 505-527, September. [Downloadable!] (restricted)
6. Christian Leuz, 2003. "Discussion of ADRs, Analysts, and Accuracy: Does Cross-Listing in the United States Improve a Firm's Information Environment and Increase Market Value?," Journal of Accounting Research, Blackwell Publishing, vol. 41(2), pages 347-362, 05. [Downloadable!] (restricted)
7. Christian Leuz, 2003. "IAS Versus U.S. GAAP: Information Asymmetry-Based Evidence from Germany's New Market," Journal of Accounting Research, Blackwell Publishing, vol. 41(3), pages 445-472, 06. [Downloadable!] (restricted)

2002

1. Giannetti, Mariassunta, 2002. "The effects of integration on regional disparities: Convergence, divergence or both?," European Economic Review, Elsevier, vol. 46(3), pages 539-567, March. [Downloadable!] (restricted)

2001

1. Mariassunta Giannetti, 2001. "Skill Complementarities and Migration Decisions," LABOUR, CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd, vol. 15(1), pages 1-31, 03. [Downloadable!] (restricted)

2000

1. Christian Leuz, Dieter Pfaff, 2000. "Tribute to Dieter Ordelheide," European Accounting Review, Taylor and Francis Journals, vol. 9(3), pages 345-347, September. [Downloadable!] (restricted)
2. Christian Leuz, 2000. "The Development Of Voluntary Cash Flow Statements In Germany And The Influence Of International Reporting Standards," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 52(2), pages 182-207, April. [Downloadable!]

1999

1. Becht, Marco & Roell, Ailsa, 1999. "Blockholdings in Europe:: An international comparison1," European Economic Review, Elsevier, vol. 43(4-6), pages 1049-1056, April. [Downloadable!] (restricted)
2. Becht, Marco, 1999. "European corporate governance: Trading off liquidity against control," European Economic Review, Elsevier, vol. 43(4-6), pages 1071-1083, April. [Downloadable!] (restricted)

1998

1. Christian Leuz, 1998. "The role of accrual accounting in restricting dividends to shareholders," European Accounting Review, Taylor and Francis Journals, vol. 7(4), pages 579-604, December. [Downloadable!] (restricted)

1995

1. Becht, Marco, 1995. " The Theory and Estimation of Individual and Social Welfare Measures," Journal of Economic Surveys, Blackwell Publishing, vol. 9(1), pages 53-87, March.

Chapters

2003

1. Becht, Marco & Bolton, Patrick & Roell, Ailsa, 2003. "Corporate governance and control," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 1, pages 1-109 Elsevier. [Downloadable!] (restricted)

This page was last updated on 2009-11-1.