Söhnke M. Bartram

TL;DR: This article examined a sample of 334 banks (representing 80% of global bank equity) in 28 countries around five global financial crises and found statistically significant, but economically small, increases in systemic risk.

TL;DR: In this article, the authors examined the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries and showed that the effect of exchange-rate exposure on stock returns should be conditional and show evidence of a significant return premium to firm-level currency exposures when conditioning on the exchange rate change.

TL;DR: It is argued that because of realistic capital market imperfections, such as agency costs, transaction costs, taxes, and increasing costs of external financing, risk management on the firm level represents a means to increase firm value to the benefit of the shareholders.

TL;DR: This article showed that book-to-market, size, and momentum capture cross-sectional variation in exposures to a broad set of macroeconomic factors identified in the prior literature as potentially important for pricing equities.

TL;DR: This article showed that book-to-market, size, and momentum capture cross-sectional variation in exposures to a broad set of macroeconomic factors identified in the prior literature as potentially important for pricing equities.