Working Papers
Benjamin Hammer (Lancaster University Management School); Sven Mettner (HHL - Leipzig Graduate School of Management); Denis Schweizer (Concordia University); Timothy E. Trombley (Illinois State University)
Denis Schweizer (Concordia University); Xinjie Wang (Southern University of Science and Technology), Ge Wu (University of Richmond); Aoran Zhang (University of Nottingham)
Ryan Amsden (McGill University); Denis Schweizer (Concordia University)
Refereed journal articles
[52] [NEW] Management Buyouts in Times of Economic Policy Uncertainty
Hammer, B./Mettner, S./Schweizer, D./Wünsche, N., Finance Research Letters, Forthcoming.
[51] [NEW] Pricing and Value Creation in Private Equity-backed Buy-and Build Strategies
Hammer, B./Marcotty-Dehm, N./Schweizer, D./Schwetzler, B., Journal of Corporate Finance, forthcoming.
[50] [NEW] The Price of Being Green
Koziol, C./Proelss, J./Roßmann, P./Schweizer, D., Finance Research Letters, forthcoming
[49] [NEW] CEO Divorce and Firm Performance
Abreha, K.G./Cserpes, T./Kleindienst, I./Proelss, J./Schweizer, D., Academy of Management Discoveries, forthcoming.
[48] [NEW] Technological Innovations to Ensure Confidence in the Digital World
Sahut, J.-M./Schweizer, D./Peris-Ortiz, M., Technological Forecasting and Social Change, Forthcoming
[47] [NEW] Disentangling Crowdfunding from Fraudfunding
Cumming, D./Hornuf, L./Karami, M./Schweizer, D., Journal of Business Ethics, Forthcoming
[46] [NEW] Law Firm Expertise and Shareholder Wealth
Schweizer, D./Wu, G., Financial Markets, Institutions & Instruments, 2021, Vol. 30, 129-163.
[45] [NEW] Corporate Failures: Declines, Collapses, and Scandals
Cole, R./Johan, S./Schweizer, D., Journal of Corporate Finance, Forthcoming.
[44] [NEW] What Is Different About Private Equity-backed Acquirers?
Hammer, B./Hinrichs, H./Schweizer, D., Review of Financial Economics, 2022, Vol. 40, 117-149.
[43] [NEW] False Hopes and Blind Beliefs: How Political Connections Affect China's Corporate Bond Market
Schweizer, D./Walker, T./Zhang, A., Journal of Banking and Finance, Forthcoming.
[42] [NEW] The More the Merrier? Diversity and Private Equity Performance
Hammer, B./Pettkus, S./Schweizer, D./Wünsche, N., British Journal of Management, 2022, Vol. 33, 231-265.
[41] [NEW] Good News for Rivals – Are Rivals Fully Seizing Transition-Period Opportunities Following Announcers’ Top Management Turnovers?
Burchard, C./Proelss, J./Schäffer, U./Schweizer, D., Strategic Management Journal, 2021, Vol. 42, 579-607.
[40] [NEW] The Economics of Philanthropy—Evidence from Health Crowdfunding
Proelss, J./Schweizer, D./Zhou, T., Small Business Economics, 2021, Vol. 57, 999-1026.
[39] [NEW] Similarity Perceptions in Investor Reactions to Acquisition Announcements
Högl, M./Fröhlich, J./Kleindienst, I./Laamanen, T./Schweizer, D., Long Range Planning, Forthcoming.
[38] [NEW] China: From Imitator to Innovator?
Proelss, P./Schweizer, D./ Zahn, F., Emerging Markets Review, Forthcoming.
[37] [NEW] The Economic Importance of Rare Earth Elements Volatility Forecasts
Proelss, J./ Schweizer, D./ Seiler, V., International Review of Financial Analysis, Forthcoming
[36] Do Announcements of WTO Dispute Resolution Cases Matter? Evidence fromthe Rare Earth Elements Market
Proelss, J./ Schweizer, D./ Seiler, V., Energy Economics, 2018, Vol. 73, 1-23.
[35] Cross-Border Acquisitions By Chinese Enterprises: The Benefits andDisadvantages of Political Connections
Schweizer, D./ Walker, T./ Zhang, A., Journal of Corporate Finance, 2019, Vol 57, 3-85.
[34] Information Systems, Agency Problems, and Fraud
Cumming, D./ Johan, S./ Schweizer, D., Information Systems Frontier, 2017, Vol. 19, 421-424.
[33] Ambiguity in Option Markets - Evidence from SEOs
Cumming, D./ Johannnig, L./ Ordu, U./ Schweizer, D., Journal of Financial Management, Markets and Institutions, 2017, Vol. 5, 67-92.
[32] Do Principles Pay in Real Estate Crowdfunding?
Schweizer, D./ Zhou, T., Journal of Portfolio Management, 2017, Vol. 43,120-137.
[31] Hidden Champions or Black Sheep? The Role of Underpricingin the German Mini-Bond Market
Mietzner, M./ Proelss, P./Schweizer, D., Small Business Economics, 2018, Vol. 50, 375-395.
[30] Is the Crowd Sensitive to Distance? – Differences in Investment Decisions of Retail and Institutional Investors
Günther, C./Johan, S./Schweizer, D., Small Business Economics, 2018, Vol. 50,289-305.
[29] Corporate Finance and the Governance Implications of Removing Government Support Programs
Jacob, M./Johan, S./Schweizer, D./Zhan, F., Journal of Banking and Finance, 2016, Vol. 63, 35-47.
[28] The Role of Sovereign Wealth Funds as Activist or Passive Fund Managers
Mietzner, M./Schiereck, D./Schweizer, D., Journal of Asset Management, 2015, Vol. 16, 303-315.
[27] Executive Compensation and Informed Trading in Acquiring Firms around Merger Announcements
Ordu, U./Schweizer, D., Journal of Banking and Finance, 2015, Vol. 55, 260-280.
[26] Wealth Effects of Rare Earth Prices and China's Rare Earth Elements Policy
Müller, M./Schweizer, D./Seiler, V., Journal of Business Ethics, 2016, Vol. 138, 627-648.
[25] Signaling in Equity Crowdfunding
Ahlers, G.K.C./Cumming, D./Günther, C./Schweizer, D., Entrepreneurship Theory and Practice, 2015, Vol. 39, 955-980.
- Australian Private Equity & Venture Capital Association Research Price Winner for 2013-2014
- 2021 Helena Yli-Renko Research Impact Award - sponsored by the Lloyd Greif Center for Entrepreneurial Studies at the University of Southern California Marshall School of Business
[24] The Fast Track IPO – Success Factors for Taking Firms Public with SPACs
Cumming, D./Haß, L.H./Schweizer, D., Journal of Banking and Finance, 2014, Vol. 47, 198-213.
[23] Are Informed Traders Sensitive to the Regulatory Environment?
Ordu, U./Schweizer, D., European Journal of Finance, 2017, Vol. 23,707-726
[22] Top Management Turnover under the Influence of Active Investors
Schäffer, U./Schweizer, D./Voußem, B.A., Journal of Management and Governance, 2015, Vol. 19, 709-739.
[21] The Impact of Fund Inflows on Staging and Investment Behavior
Haß, L.H./Lauterbach, R./Schweizer, D., International Small Business Journal, 2014, Vol. 32, 644-666.
[20] Do Markets Anticipate Capital Structure Decisions? – Feedback Effects in Equity Liquidity
Andres, C./Cumming, D./ Karabiber, T./ Schweizer, D., Journal of Corporate Finance, 2014, Vol. 27, 133-156.
[19] Is Corporate Governance in China Related to Performance Persistence?
Haß, L.H./Johan, S./Schweizer, D., Journal of Business Ethics, 2016, Vol. 63, 35-47.
[18] Strategic Asset Allocation and the Role of Alternative Investments
Cumming, D./Haß, L.H./Schweizer, D., European Financial Management, 2014, Vol. 20, 521-547.
- Reprinted as Cumming,D./Haß, L. H./Schweizer, D. (2013) “Role of Alternative Investments in Strategic Asset Allocation” Alternative Investments: Instruments, Performance, Benchmarks, and Strategies edited by H. K. Baker and G. Filbeck
[17] What Drives Contagion in Financial Markets? Liquidity Effects versus Impending Impairment of Fundamental Value
Haß, L.H./Koziol, C./Schweizer, D., European Financial Management, 2014, Vol. 20, 548-573.
[16] The Changing Latitude: Labour-sponsored Venture Capital Corporations in Canada
Johan, S./Schweizer, D./Zhan, F., Corporate Governance an International Review, 2014, Vol. 22, 145-161.
[15] Polynomial Goal Programming and the Implicit Higher Moment Preferences of Institutional Investors in Hedge Funds
Proelss, J./Schweizer, D., Financial Markets and Portfolio Management,2014, Vol. 28, 1-28.
[14] Hedge Funds versus Private Equity Funds as Shareholder Activists –Differences in Value Creation
Mietzner, M./Schweizer, D., Journal of Economics and Finance, 2014, Vol.38, 181-208.
- Campus for Finance 2nd Best Paper Award
[13] Sudden Top Management Turnovers and their Effects on Capital Markets:Evidence from a Country with ow Managerial Discretion
Voußem, B.A./Burchard, C.H./Schäffer, U./Schweizer, D., Zeitschrift für Betriebswirtschaft (Journal of Business Economics), 2013, Vol. 2, 149-184.
[12] Private Equity Benchmarks and Portfolio Optimization
Cumming, D./Haß, L.H./Schweizer, D., Journal of Banking and Finance, 2013, Vol. 37, 3515-3528.
[11] Do Alternative Real Estate Vehicles Add Value to REITs? Evidence from German Open-ended Property Funds
Haß, L.H./Johanning, L./Rudolph, B./Schweizer, D., Journal of Real Estate Finance and Economics, 2013, Vol. 47, 65-82.
[10] Are Private Equity Investors Boon or Bane for an Economy? – A Theoretical Analysis
Ernst, S./Koziol, C./Schweizer, D., European Financial Management, 2013, Vol. 19, 180-207.
- European Financial Management – Readers’ Choice Best Paper Award 2013
[9] Regulatory Induced Performance Persistence: Evidence from Hedge Funds
Cumming, D./Dai, N./Haß, L.H./Schweizer, D., Journal of Corporate Finance, 2012, Vol. 18, 1005-1022.
[8] Efficient Hedge Fund Strategy Allocations – A Systematic Framework for Investors that Incorporates Higher Moments
Kaiser, D. G./Schweizer, D./Wu, L., Financial Markets, Institutions and Instruments, 2012, Vol. 21, 241-260.
[7] Short- and Long-Term Interactions between Venture Capital Returns and the Macroeconomy: Evidence from the United States
Füss, R./Schweizer, D., Review of Quantitative Finance and Accounting, 2012, Vol. 38, 391-410.
[6] Open-ended Property Funds: Risk and Return Profile - Diversification Benefits and Liquidity Risks
Haß, L.H./Johanning, L./Rudolph, B./Schweizer, D., International Review of Financial Analysis, 2012, Vol. 21, 90-107.
[5] Are Portfolio Holdings Affected by Parameter Uncertainty and Ambiguity?
Proelss, J./Schweizer, D., IEB International Journal of Finance, 2011,Vol. 3, 2-37.
[4] Creeping-in als neues Instrument des Erwerbs von Unternehmenskontrollrechten – Taktische Meisterleistung oder unkalkulierbares Risiko?
Koziol, C./Noël, P./Schweizer, D., Zeitschrift für Betriebswirtschaft (Journalof Business Economics), 2011, Vol. 81, 833-854.
[3] Do Institutional Investors Care the Ambiguity of Their Assets? – Evidence From Portfolio Holdings in Alternative Investments
Koziol, C./Proelss, J./Schweizer, D., International Journal of Theoretical and Applied Finance, 2011, Vol. 14, 465-484.
[2] Intra-Industry Effects of Shareholder Activism in Germany – Is There a Difference between Hedge Fund and Private Equity Investments?
Mietzner, M./Schweizer, D./Tyrell, M., Schmalenbach Business Review, 2011, Vol. 63, 151-185.
- Academy of Economics and Finance Best Paper Award
[1] Systematische Unterschiede hinsichtlich der Risikoneigungzwischen europäischen und US-amerikanischen Wagniskapitalfinanzierungsgesellschaften
Kaiser, D.G./ Lauterbach, R./Schweizer, D., Finanzbetrieb, 2006, Vol.12, 790-798.
Chapters in handbooks
Cumming, D./Haß, L. H./Schweizer, D. (2013): Role of Alternative Investments in Strategic Asset Allocation, in H. K. Baker and G. Filbeck (editors), Alternative Investments: Instruments, Performance, and Strategies (Robert W. Kolb Series in Finance), John Wiley & Sons, 19-36.
Haß, L. H./Proelss, J./Schweizer, D. (2013): Alternative Investments, in H. K. Baker and G. Filbeck (editors), Portfolio Theory and Management, Oxford University Press, 314-340.
Mietzner, M./Schweizer, D. (2012): Private Equity Activism and the Consequences for Targets and Rivals in Germany, in D. Cumming (editor), The Handbook of Private Equity, Oxford University Press, 495-520.
Haß, L. H./Schweizer, D. (2010): Das Diversifikations- und Downside Protection-Potenzial von Rohstoffportfolios in Multi-Asset Portfolios, in: R. Eller (editor), Risikomanagement in Rohstoffmärkten, Gabler Verlag, Wiesbaden, 407-424.
Benk, K./Haß, L. H./Johanning, L./Rudolph, B./Schweizer, D. (2009): Portfoliooptimierung: Korrelationen von Immobilien mit anderen Märkten und Assetklassen: Effiziente Portfoliodiversifikation unter Berücksichtigung von Downside-Risiken, in: K. Junius and D.l Piazolo (editors), Praxishandbuch Immobilienmarktrisiken, Immobilienmanager Verlag, Köln, 171-188.
Proelss, J./Schweizer, D. (2009): Optimal Multi Asset Portfolios, in: G. N. Gregoriou (editor), Value-at-Risk – Alternative Investments, Banking, Insurance and Portfolio Management, Mc Graw Hill, New York, 315-341.
Schweizer, D. (2008): Five Entries, in: Encyclopaedia of Alternative Investments, Greg N. Gregoriou (editor), Chapman Hall, U.K.
Proelss, J./Schweizer, D. (2008): Efficient Frontier of Commodity Portfolios, in: F. Fabozzi, R. Füss and D. G. Kaiser (editors): The Handbook of Commodity Investing, John Wiley and Sons, New Jersey, 454-478.
Kaiser, D. G./Lauterbach, R./Schweizer, D. (2007): Total Loss Risk in European versus U.S.-based Venture Capital Investments, in: G. N Gregoriou, M. Kooli and R. Kraeussl (editors): Venture Capital in Europe, Elsevier Finance, Oxford, 371-387.
Johanning, L./Proelss, J./ Rosenbusch, A. Ph./Schweizer, D. (2006): Strategy Selection for Hedge Fund and Managed Futures Portfolios using Higher Moments, in: G. N. Gregoriou and D. G. Kaiser (editors): Hedge Funds and Managed Futures – A Handbook for Institutional Investors, Risk Books, London, 301-322.
Lauterbach, R./Schweizer, D. (2006): Risikoanalyse von Totalausfällen bei Venture Capital Firmen, in: M. Busack and D. G. Kaiser (editors): Handbuch alternative Investments, Vol. 2, Gabler, Wiesbaden, 89-108.
Refereed conference and seminar series presentations
2022: Eastern Finance Association (Washington, USA), FinancialManagement Association European Conference (Lyon, France), Digital, Innovation,Entrepreneurship and Finance (Lyon, France) (2 papers), SFiC Annual Conferenceon “Sustainability, Climate Change and Financial Innovation” (Dubai, UAE) (2papers), ENTFIN Conference on Entrepreneurial Finance (Bath, U.K.),Cryptocurrency Research Conference 2022 (Durham, U.K.), 3rd Annual BocaCorporate Finance and Governance Conference (Boca Raton, USA)
2021: FMA (Denver, USA); 2nd Annual Boca Corporate Finance and Governance Conference (Boca Raton, USA)
2020: 21st Century Challenges for Corporate Governance (Boca Raton, USA), British Journal of Management Mike Wright Symposium (Virtual), Boca Corporate Finance and Governance Conference (Virtual), FMA (Virtual)
2019: Lixin 90th Anniversary Celebration Corporate Finance Workshop (Shanghai, China); Midwest Finance Association (Chicago, USA); SKEMA conference on Fintech & Digital Finance (Nice, France) (2 papers), Annual Conference of the French Finance Association (AFFI) (Québec City, Canada), INFINITI Conference (Glasgow, U.K.), Developments in Alternative Finance (Birmingham, U.K.), ENTFIN Conference on Entrepreneurial Finance (Trier, Germany), FMA (New Orleans, USA) (3 papers), Southern Finance Association (Orlando, USA)
2018: AREUEA-ASSA Conference (Philadelphia, USA),American Marketing Association (New Orleans, USA), M&A Alumni Deutschlande.V. (Münster, Germany), European Financial Management Association (Milan,Italy), FMA Europe (Kristiansand, Norway), VHB-Pfingsttagung 2018 (Magdeburg,Germany), 2018 Cross Country Perspectives in Finance (CCPF) Conference (Guangzhou, China), 2018 Chinese Economists Society China Conference (Hefei,China), First Annual Conference on Fintech and Banking TransformationFinteQC’18, (Lévis, Canada), Third Entrepreneurial Conference (Milan, Italy),FMA (San Diego, USA) (2 papers), Digital, Innovation, Entrepreneurship and Finance (Lyon, France) (2 papers), 2nd Emerging Trends in Entrepreneurial Finance Conference (Hoboken, USA), 2nd Private Markets Conference Research Conference (Lausanne, Switzerland), Developments in Entrepreneurial Finance:Crowdfunding, Blockchain, and ICOs (Lyon, France) (2 papers), Northern FinanceAssociation (Charlevoix, Canada), 3rd International Energy Finance Conference(Xi'an, China), Operations Research 2018 (Brussels, Belgium), International Conference on Global Economy & Governance (Shanghai, China), Workshop on Corporate Governance and the Capital Allocation Process Within Society (Leipzig,Germany), 2018 Cross Country Perspectives in Finance (CCPF) Conference (Dar es Salaam, Tanzania)
2017: Northern Finance Association (Halifax, Canada) (3 papers),Eastern Finance Association (Jacksonville, USA), Southwestern Finance Association (Little Rock, USA), Munich Summer Institute 2017 (Munich, Germany),Academy of Management (Atlanta, USA), European Academy of Management Conference(EURAM) (Glasgow, UK), Corporate Governance Implications of New Methods of Entrepreneurial Firm Formation (Bergamo, Italy), FMA (Boston, USA) (5 papers),Entrepreneurial Finance Conference (Ghent, Belgium) (2 papers), EuropeanEconomic Association (Lisbon, Portugal), Crowdfunding Workshop at Emlyon Business School’s Research Centre for Entrepreneurial Finance (Lyon, France),Journal of Corporate Finance Conference “Corporate Governance of a Multinational Enterprise: Firm, Industry and Institutional Perspectives”(Atlanta, USA), International Banking and Finance Association Asia (Ningbo,China) (2 papers), Verein für Socialpolitik (Vienna, Austria), Australasian Finance and Banking Conference (Sydney, Australia), Paris Financial Management Conference (Paris, France)
2016: World Finance Conference (New York City, USA), Entrepreneurship, the Internet, and Fraud: Managerial and Policy Implications (Montréal, Canada), 2016 Commodity Markets Conference (Hannover, Germany) (2 papers), Academy of International Business (New Orleans, USA), FMA (Las Vegas, USA), Strategic Management Society (Berlin, Germany), EMLYON Entrepreneurial Finance Conference (Lyon, France), International Atlantic Economic Conference (Washington, USA) (2 papers), 2016 Accounting Conference at Temple University (Philadelphia, USA), G-Forum (Leipzig, Germany)
2015: “Economics of Entrepreneurship and Innovation” Workshop (Trier, Germany) (2 papers), FMA (Orlando, USA) (2 papers), Forum for Economists International (Amsterdam, Netherlands), 2015 Commodity Market Workshop (Oslo, Norway), 5th Chinese Capital Markets Conference (Winnipeg, Canada) (2 papers)
2014: CFA-JCF-Schulich Conference on “Financial Market Misconduct” (Toronto, Canada), AFFI (Aix-en-Provence, France), Micro-Foundations for Strategic Management Research: Embracing Individuals (Copenhagen Denmark), 2nd Crowdinvesting Symposium at LMU Munich (Munich, Germany), 2014 JBE Tibet Conference (Lhasa, Tibet), INFINITI 2014 (Prato, Italy), Strategic Management Society (Madrid, Spain), FMA (Nashville, USA), AFFI Paris December 2014 Finance Meeting (Paris, France)
2013: JBE Conference on “Sustainable and Ethical Entrepreneurship, Corporate Finance and Governance, and Institutional Reform in China” (Beijing, China), Australian Centre for Entrepreneurship Research Exchange Conference (ACERE) (Brisbane, Australia), Conference of the Swiss Society for Financial Markets (SGF) (2 papers) (Zürich, Switzerland), European Financial Management Association (Reading, UK), Corporate Governance an International Review (CGIR) Conference on "Global Perspectives on Entrepreneurship: Public and Corporate Governance" (Toronto, Canada), Annual Conference on Innovation and Entrepreneurship (Chicago, USA), European Academy of Management Conference (EURAM) (Istanbul, Turkey), Babson Management Conference (Babson Park, USA); AFFI (2 papers) (Lyon, France), FMA (Chicago, USA), FRAP - International Research Conference on Finance, Risk and Accounting Perspectives (Cambridge, UK), 3rd HEC Workshop on Entrepreneurship (Paris, France), German Finance Association (DGF) (2 papers) (Wuppertal, Germany), Berkeley - 2013 Fung Institute Academic Symposium on Crowdfunding (Berkley, USA), 3rd Conference on the Chinese Capital Markets (Edinburgh, UK)
2012: WHU Campus for Finance (Vallendar, Germany), International Conference on Computational and Financial Econometrics (Oviedo, Spain), Conference of the Swiss Society for Financial Markets (SGF) (2 papers) (Zurich, Switzerland), International Small Business Journal Special Issue Conference: Exploring Entrepreneurial Activity and Small Business Issues in the Chinese Economy (Shenzhen, China)
2011: WHU Campus for Finance (Vallendar, Germany), European Financial Management Alternative Investments Conference (3 papers) (Toronto, Canada), German Economic Association of Business Administration e.V. (GEABA) (2 papers) (Vallendar, Germany)
2010: Midwest Finance Association (3 papers) (Las Vegas, USA), WHU Campus for Finance (Vallendar, Germany), Eastern Finance Association (6 papers) (Miami Beach, USA), Conference of the Swiss Society for Financial Markets (SGF) (2 papers) (Zurich, Switzerland)
2009: German Finance Association (DGF) (Frankfurt, Germany), German Economic Association of Business Administration e.V. (GEABA), Conference of the Swiss Society for Financial Markets (SGF) (Zurich, Switzerland), Midwest Finance Association (3 papers) (Chicago, USA), Eastern Finance Association (Washington, USA), WHU Campus for Finance (5 papers) (Vallendar, Germany)
2008: HVB Doctoral Seminar (Eltville, Germany), Midwest Finance Association (San Antonio, USA), International Business Research Conference (Dubai, UAE), Financial Management Association (Grapevine, USA), European Financial Management Association (2 papers) (Athens, Greece), European Conference of the Financial Management Association (Prague, Czech Republic), Eastern Finance Association (St. Pete Beach, USA), Academy of Economics and Finance (2 papers) (Nashville, USA)