Finance und Economics
Finance und Economics sind zentrale Forschungsthemen an der Universität Liechtenstein. Die wissenschaftliche Auseinandersetzung mit Fragestellungen aus den Bereichen Finance und Economics ist geprägt von hoher Relevanz für Wirtschaft, Gesellschaft und Politik. Unsere Forschenden analysieren unter anderem, wie sich politische Unsicherheiten auf die Märkte auswirken, welche Chancen und Risiken digitale Finanzlösungen wie Kryptowährungen bergen und wie nachhaltige Finanzstrategien in Unternehmen implementiert werden können.
Forschungs- und Transferprojekte
Dissertationsvorhaben
Aktuelle Publikationen
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Angerer, M., Hanke, M., Shakina, E., & Szymczak, W. (2025). The Effect of Different Saving Mechanisms in Pension Saving Behavior: Evidence from a Life-Cycle Experiment. Journal of Risk and Financial Management, 18(5).Weitere
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Bassen, A., Kordsachia, O., Lopatta, K., & Tan, W. (2025). Revenue Alignment with the EU Taxonomy Regulation in Developed Markets. Journal of Banking & Finance, 170(January).Weitere
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Jenni, M., Schadner, W., & Angerer, M. (2025). Hard forks, hard questions: Unraveling the microstructure effects on Bitcoin's return, volume, and volatility. Economic Letters, 257(December).Weitere
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Angerer, M., Gramlich, M., & Hanke, M. (2025). Order Book Liquidity on Crypto Exchanges. Journal of Risk and Financial Management, 18(3).Weitere
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Hörler, R., Stein, F., Bayrle, N., Angerer, M., & Kordsachia, O. (2025). A bibliometric review of the EU sustainable finance initiative: evolving research dynamics. Sustainability Accounting, Management and Policy Journal.Weitere
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Shakina, E., Hanke, M., & Ellis, S. (2025). Central Bank Digital Currencies: Experimental Evidence of Deposit Conversion. The B.E. Journal of Economic Analysis & Policy, 25(1), 127.137.Weitere
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Schadner, W. (2025). Hurst Exponent as Implied by Option Prices. Studies in Nonlinear Dynamics & Econometrics.Weitere
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Branger, N., Hanke, M., & Weissensteiner, A. (2024). The information content of wheat derivatives regarding the Ukrainian war. Journal of Futures Markets, 44(3), 420-431.Weitere
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Schadner, W. (2024). Direct Fit for SVI Implied Volatilities. Journal of Derivatives, 31(3).Weitere
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Kotlarz, P., Hanke, M., & Stöckl, S. (2023). Regime-dependent drivers of the EUR/CHF exchange rate. Swiss Journal of Economics and Statistics, 159(3), 1-18.Weitere
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Angerer, M., Neugebauer, T., & Shachat, J. (2023). Arbitrage bots in experimental asset markets. Journal of Economic Behavior & Organization, 206, 262-278.Weitere
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Mueller, L., Bartel, M., & Schiereck, D. (2023). Europe's gone “right” – A comparative study of stock market reactions to populist success in Sweden and Italy. Finance Research Letters, 55.Weitere
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Kordsachia, O., Bassen, A., Fieberg, C., & Wolters, K. (2023). Market perceptions on the role of female leadership in adapting to climate change. Journal of Risk Finance, 24(4), 424-448.Weitere
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Kosolapova, M., Hanke, M., & Weissensteiner, A. (2023). Estimating time-varying risk aversion from option prices and realized returns. Quantitative Finance, 23(1), 1-17.Weitere
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Schadner, W. (2022). U.S. Politics from a multifractal perspective. Chaos, Solitons & Fractals, 155(111677), 1-11.Weitere
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Bassen, A., Kordsachia, O., Lopatta, K., Tammen, T., & Alexander, E.-K. (2022). Views and perceptions of financial analysts during the global COVID-19 pandemic. Journal of Sustainable Finance & Investment.Weitere
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Schadner W. and Traut J. (2022). Estimating Forward-Looking Stock Correlations from Risk Factors. Mathematics, 10(10), 1-19.Weitere
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Schadner, W. (2021). On the persistence of market sentiment: A multifractal fluctuation analysis. Physica A, 581(126242), 1-14.Weitere
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Lang, S., & Schadner, W. (2021). The trilemma of expansionary monetary policy in the Euro area during the COVID-19 crisis. Finance Research Letters, 42(102048), 1-4.Weitere
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Schadner, W. (2021). Forward looking up-/down correlations. Quantitative Finance and Economics, 5(3), 471-495.Weitere
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Schadner, W. (2021). Ex-Ante Risk Factors and Required Structures of the Implied Correlation Matrix. Finance Research Letters, 41(101855), 1-8.Weitere
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Schadner, W. (2020). An idea of risk-neutral momentum and market fear. Finance Research Letters, 37(101347), 1-6.Weitere
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Hanke, M. (2024). AIF und Liquiditäts-(risiko-)management aus finanzökonomischer Perspektive. In T. Stern (Ed.), Praxishandbuch Alternative Investmentfonds (pp. 393-405). Wien: Linde Verlag.Weitere
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Angerer, M., Hanke, M., Kirn, T., Preiner, C., Wenz, M., & Amann, M. (2023). Cross-Border Wealth Management. In P. Droege, S. Güldenberg, M. Menichetti & S. Seidel (Eds.), Cross-Border Life and Work. Cham: Springer.Weitere
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Angerer, M., Kraus, S., & Peter, A. (2023). Crowdfunding in German-Speaking Countries: A Literature Review from an Economics and Legal Perspective. In P. Droege, S. Güldenberg, M. Menichetti & S. Seidel (Eds.), Cross-Border Life and Work (pp. 93-118): Springer.Weitere
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Hanke, M., & Zetzsche, D. A. (2023). §29 Risikomanagement; Verordnungsermächtigung. In H. D. Assmann, E. Wallach & D. A. Zetzsche (Eds.), KAGB Kommentar (2 ed., pp. 422-473). Köln: Dr. Otto Schmidt KG.Weitere
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Hanke, M., & Zetzsche, D. A. (2023). §30 Liquiditätsmanagement; Verordnungsermächtigung. In H. D. Assmann, E. Wallach & D. A. Zetzsche (Eds.), KAGB Kommentar (2 ed., pp. 473-482). Köln: Dr. Otto Schmidt KG.Weitere
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Hanke, M., & Zetzsche, D. A. (2023). Derivateverordnung (DerivateV). In H. D. Assmann, E. Wallach & D. A. Zetzsche (Eds.), KAGB Kommentar (2 ed., pp. 2825-2856). Köln: Dr. Otto Schmidt KG.Weitere
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Salcher, L., & Stöckl, S. (2024). Less is More: Ranking Information, Estimation Errors and Optimal Portfolios. Presented at the 37th Australasian Finance and Banking Conference, Sydney, Australia.Weitere
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Salcher, L., & Stöckl, S. (2024). Lost in Translation: How Predictability Turns Into Performance. Presented at the 37th Australasian Finance and Banking Conference, Sydney, Australia.Weitere
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Salcher, L., & Stöckl, S. (2024). Lost in Translation: How Predictability Turns Into Performance. Presented at the 2024 New Zealand Finance Meeting, Auckland, New Zealand.Weitere
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Salcher, L., & Stöckl, S. (2024). Lost in Translation: How Predictability Turns Into Performance. Presented at the Internationales Doktorandenseminar 2024, Vaduz, Liechtenstein.Weitere
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Bartel, M., & Stöckl, S. (2024). How Global is Factor Predictability? Evidence from Nested Factor Momentum. Presented at the Austrian Working Group on Banking and Finance.Weitere
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Bartel, M., & Stöckl, S. (2024). How Global is Factor Predictability? Evidence from Nested Factor Momentum. Presented at the Financial Management Association's Annual Meeting.Weitere
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Bartel, M., Hanke, M., & Petric, S. (2024). Identifikation und Prognose von Bankenkrisen mit KI-Methoden. Presented at the Finance Forum Zurich, Switzerland.Weitere
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Hanke, M., Schadner, W., & Stöckl, S. (2024). Event Risk Premia and Non-convex Volatility Smiles. Presented at the Quantitative Methods in Finance Conference, Sydney, Australia.Weitere
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Gramlich, M., Angerer, M., & Xu, Y. (2024). Investors' Behavior and Market Efficiency in Experimental Asset Markets. Presented at the 12th Thurgau Experimental Economics Meeting (theem), Kreuzlingen, Switzerland.Weitere
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Hanke, M., Bartel, M., & Petric, S. (2024). Crisis Identification and Prediction using Machine Learning: The Case of U.S. Regional Banks. Presented at the Australasian Finance and Banking Conference, Sydney, Australia.Weitere
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Gramlich, M., & Schadner, W. (2024). What Drives Liquidity in Crypto Markets? Evidence from Intraday Data. Presented at the World Finance Conference, Nicosia, Cyprus.Weitere
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Southern Finance Association Annual Meeting, Fajardo, Puerto Rico.Weitere
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Financial Management Association Annual Meeting, Chicago, United States of America.Weitere
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Australasian Finance & Banking Conference, Sydney, Australia.Weitere
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the 13th Financial Markets and Corporate Governance Conference, Virtual.Weitere
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Salcher, L., & Stöckl, S. (2023). Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks. Presented at the Financial Management Association - 2023 European Conference, Aalborg, Denmark.Weitere
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Salcher, L., & Stöckl, S. (2023). Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks. Presented at the 27th International Conference on Macroeconomic Analysis and International Finance, Crete, Greece.Weitere
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Salcher, L., & Stöckl, S. (2023). Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks. Presented at the Poster Session of the Financial Econometrics Conference To Mark Stephen Taylor's Retirement, Lancaster, England.Weitere
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the FMA European Conference, Aalborg, Denmark.Weitere