Prof. Dr. Wolfgang Drobetz
Wolfgang Drobetz is Full Professor of Finance at the University of Hamburg. He holds a Ph.D. in Economics from the University of St. Gallen and completed his Habilitation at the University of Basel. Wolfgang taught financial theory at the Bucerius Law School, the WHU Otto Beisheim Graduate School, and the IAE Business School. His research interests include corporate finance, corporate governance, asset management, and ship finance. Wolfgang’s research has been published in leading academic and practitioner journals. He is a member of the editorial board of several academic journals, served as co-president of the European Financial Management Association, and is a director of the Hamburg Financial Research Center (HFRC).
Institutional Investment Horizons, Corporate Governance, and Credit Ratings: International Evidence, 2021, with Hamdi Driss, Sadok El Ghoul, and Omrane Guedhami, Journal of Corporate Finance 67, Article 101874.
The Economics of Law Enforcement: Quasi-Experimental Evidence from Corporate Takeover Law, 2021, with Gishan Dissanaike, Paul P. Momtaz, and Jörg Rocholl, Journal of Corporate Finance 67 Article 101848.
Institutional Investor Horizons and Firm Valuation around the World, 2021, with Simon Döring, Sadok El Ghoul, Omrane Guedhami, and Henning Schröder, Journal of International Business Studies 52(2), 212-244.
How to Build a Factor Portfolio: Does the Allocation Strategy Matter?, 2021, with Hubert Dichtl and Viktoria-Sophie Wendt, European Financial Management 27(1), 20-58.
Data Snooping in Equity Premium Predictions, 2021, with Hubert Dichtl, Andreas Neuhierl, and Viktoria-Sophie Wendt, International Journal of Forecasting 37(1), 72-94.
Active Factor Completion Strategies, 2021, with Hubert Dichtl, Harald Lohre, and Carsten Rother, Journal of Portfolio Management 47(2), 9-37.
Antitakeover Provisions and Shareholder Value: New Evidence from the M&A Market, 2020, with Paul P. Momtaz, Journal of Corporate Finance 62, Article 101594.
Competition Policy and the Profitability of Corporate Acquisitions, 2020, with G. Dissanaike and Paul P. Momtaz, Journal of Corporate Finance 62, Article 101510.
Corporate Insider Trading and Higher Moments of Stock Returns, 2020, with Emil Mussbach and Christian Westheide, Journal of Corporate Finance 60, Article 101485.
Optimal Timing and Tilting of Equity Factors, 2019, with Hubert Dichtl, Harald Lohre, Carsten Rother, and Patrick Vosskamp, Financial Analysts Journal 75, 84-102.
Policy Uncertainty, Investment, and the Cost of Capital, 2018, with Sadok El Ghoul, Omrane Guedhami, and Malte Janzen, Journal of Financial Stability 39, 28-45.
Industry Expert Directors, 2018, with Felix von Meyerinck, David Oesch, and Markus Schmid, Journal of Banking and Finance 92, 195-115.
Current Working Papers
Do Foreign Institutional Investors Affect International Contracting? Evidence from Bond Covenants, with Paul Brockman, Sadok El Ghoul, Omrane Guedhami, and Ying Zheng.
Institutional Investor Legal Origins and Corporate Greenhouse Gas Emissions Disclosure Quality, with S. Döring, S. El Ghoul, O. Guedhami, and H. Schröder.
Foreign Bias in Institutional Investor Portfolios: The Role of Social Trust, with Marvin Mönkemeyer, Ignacio Requejo, and Henning Schröder.
Financial Dependence and Growth When it Takes Time to Build, with Johannes Barg, Erwin Hansen, and Rodrigo Wagner.
Empirical Asset Pricing via Machine Learning: Evidence from the European Stock Market, with Tizian Otto.
The Corporate Life-Cycle Dynamics of Corporate Cash Holdings, with Michael Halling and Henning Schröder.