Working Paper Series
The Knut Wicksell Working Paper Series investigates a broad range of issues in economics and finance. These topics are focused on, but not limited to, microfinance, financial market behavior and the development of firms. The working papers are published to stimulate the discussion and attain high quality in research in the finance area.
No 2021:2 The Geometry of Risk Adjustments HANS-PETER BERMIN & MAGNUS HOLM
No 2021:1 Leverage and risk relativity: how to beat an index HANS-PETER BERMIN & MAGNUS HOLM
No 2020:1 Macro news and long-run volatility expectations ANDERS VILHELMSSON
No 2019:3 Kelly Trading and Option Pricing HANS-PETER BERMIN & MAGNUS HOLM
No 2019:2 Kelly Trading and Market Equilibrium HANS-PETER BERMIN & MAGNUS HOLM
No 2019:1 Systemic Risk and Centrality Revisited: The Role of Interactions
HOSSEIN ASGHARIAN, DOMINIKA KRYGIER & ANDERS VILHELMSSON
No 2018:1 - Stock Market Returns and Consumption
MARCO DI MAGGIO, AMIR KERMANI & KAVEH MAJLESI
No 2018:2 - The Geography of Alternative Work
CLAES BÄCKMAN & TOBIN HANSPAL
No 2018:3 - What Drives Bitcoin Volatility?
HANS BYSTRÖM & DOMINIKA KRYGIER
No 2018:4 - Unequal Returns: Using the Atkinson Index to Measure Financial Risk THOMAS FISCHER & FREDERIK LUNDTOFTE
No 2018:5 Iceland should replace its central bank with a currency board
FREDRIK NG ANDERSSON & LARS JONUNG
No 2018:6 Does Collateral Reduce Loan-Size Credit Rationing? Survey Evidence ALEMU TULU CHALA & JENS FORSSBÆCK
No 2017:1 Disappearing Investment-Cash Flow Sensitivities: Earnings Have Not Become a Worse Proxy for Cash Flow
Niclas Andrén, Håkan Jankensgård
No 2017:2 Capital Taxation and Investment: Matching 100 Years of Wealth Inequality Dynamics Gregor Boehl, Thomas Fischer
No 2017:3 The effects of schooling on wealth accumulation approaching retirement Paul Bingley, Alessandro Martinello
No 2017:4 Financial Innovation, House Prices and Consumption Claes Bäckman, Natalia Khorunzhina
No 2016:1 Capital Structure of Borrowers and Lenders: An Empirical Analysis Valeriia Dzhamalova
No 2016:2 Enterprise Risk Management and Default Risk: Evidence from the Banking Industry Sara Lundqvist, Anders Vilhelmsson
No 2016:3 Ownership Determinants of Stock Return Volatility Håkan Jankensgård, Anders Vilhelmsson
No 2016:4 Taxation of dividend income and economic growth Margareta Dackehag, Åsa Hansson
No 2016:5 Corporate governance and firm performance: Evidence from the oil price collapse of 2014-15 Niclas Andrén
No 2016:6 The Effect of Unexpected Inheritances on Wealth
Accumulation: Precautionary Savings or Liquidity
Constraints? Alessandro Martinello
No 2016:7 Intellectual Property Contracts: Theory and
Evidence from Screenplay Sales Milton Harris, S. Abraham Ravid, Ronald Sverdlove and Suman Basuroy
No 2015:1 A Power Market Forward Curve with Hydrology Dependence: An Approach based on Artificial Neural Networks Rikard Green
No 2015:2 Learning to Take Risks? The Effects of Education on Risk-Taking in Finacial Markets Sandra E. Black, Paul J. Devereux, Petter Lundborg, Kaveh Majlesi
No 2015:3 Closed Form Valuation of Three-Asset Spread Options With a view towards Clean Dark Spreads Rikard Green
No 2015:4 Does the financial crisis affect distressed or constrained firms more heavily? Emanuel Alfranseder
No 2015:5 The Effect of Pessimism and Doubt on the Equity Premium Emanuel Alfranseder, Xiang Zhang
No 2015:6 Poor Little Rich Kids? The Determinants of the Intergenerational Transmission of Wealth
Sandra E. Black, Paul J. Devereux, Petter Lundborg, Kaveh Majlesi
No 2015:7 On The Origins of Risk-Taking in Financial Markets
Sandra E. Black, Paul J. Devereux, Petter Lundborg, Kaveh Majlesi
No 2015:8 Banks’ credit-portfolio choices and riskbased capital regulation
No 2015:9 TARP and market discipline: Evidence on the moral hazardeffects of bank recapitalizations
Jens Forssbaeck, Caren Xinxia Nielsen
No 2014:1 A Tide of Cash: Corporate Governance and the Management of Large Cash Windfalls
Hakan Jankensgård, Niclas Andrén
No 2014:2 Institutional Quality, Trust and Stock Market Participation: Learning to Forget
Hossein Asgharian, Lu Liu and Frederik Lundtofte
No 2014:3 CEO Age, Risk Incentives and Hedging Instrument Choice
Ettore Croci and Håkan Jankensgård
No 2014:4 Deciding for others reduces loss aversion
Ola Andersson, Håkan J. Holm, Jean-Robert Tyran and Erik Wengström
Online appendix to WP No 2014:4
No 2014:5 The Impact of Social Beliefs on Microfinance Performance
Olle Berggren and Katarzyna Burzynska
No 2014:6 Lending for Growth? A Granger Causality Analysis of China's Finance-Growth Nexus
Fredrik N.G. Andersson, Katarzyna Burzynska, Sonja Opper
No 2014:7 Political Connections and Stock Liquidity: Political Network, Hierarchy and Intervention
Emanuel Alfranseder, Valeriia Dzhamalova
Internet appendix to WP No 2014:8
No 2013:1 Entrepeneurs under Uncertainty: an Economic Experiment in China Håkan J. Holm, Sonja Opper and Victor Nee
The paper has been published in Management Science July 2013, 59 (7):1671-1687
No 2013:2 Hidden in the factors? The effect of credit risk on the cross-section of equity returns
No 2013:3 A spatial analysis of international stock market linkages
Hossein Asgharian, Wolfgang Hess, Lu Liu
No 2013:4 Importance of the macroeconomic variables for variance prediction A GARCH-MIDAS approach
Hossein Asgharian, Ai Jun Hou, Farrukh Javed
No 2013:5 Does Centralization of FX Derivative Usage Impact Firm Value?
No 2013:6 An Empirical Test of the Optimal Disclosure Hypothesis
No 2013:7 Financial Contracts in PIPE Offerings: The Role of Expert Placement Agents
Ola Bengtsson and Na Dai
No 2013:8 Ethnic Matching in the U.S. Venture Capital Market
Ola Bengtsson and David H. Hsu
No 2013:9 Ohlin on the Great Depression
Benny Carlson and Lars Jonung
No 2013:10 Investment in Relationship-Specific Assets: Does Finance Matter?
Martin Strieborny and Madina Kukenova
No 2013:11 Finance, Comparative Advantage, and Resource Allocation
Melise Jaud, Madina Kukenova and Martin Strieborny
No 2013:12 Financial Development and Sustainable Exports: Evidence from Firm-Product Data
No 2013:13 Suppliers, Investors, and Equity Market Liberalizations
Mingfa Ding, Birger Nilsson and Sandy Suardi
No 2013:15 Growth Forecasts, Belief Manipulation and Capital Markets
Frederik Lundtofte, Patrick Leoni (Kedge Business School)
No 2013:16 Predicting Stock Price Volatility by Analyzing Semantic Content in Media
Hossein Asgharian, Sverker Sikström
No 2013:17 A Wall of Cash: The Investment-Cash Flow Sensitivity When Capital Becomes Abundant