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Thomas Schmid

Researcher at Technische Universität München

Publications -  96
Citations -  1744

Thomas Schmid is an academic researcher from Technische Universität München. The author has contributed to research in topics: Corporate governance & Capital structure. The author has an hindex of 24, co-authored 96 publications receiving 1420 citations. Previous affiliations of Thomas Schmid include Helmholtz Zentrum München & University of Hong Kong.

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Anyone Monitoring? How Vanishing Local Newspapers Affect Firms’ Debt Structure

TL;DR: This paper analyzed how information asymmetry affects the choice between public and private debt and showed that treated firms rely less on public debt if local monitoring slumps, rather, bonds are substituted by loans from banks, which possess a monitoring advantage.
Journal ArticleDOI

How Production Risk and Flexibility Affect Liquidity Management: Evidence from Electricity Generating Firms

TL;DR: In this paper, the authors evaluate the impact of product price risk on liquidity management in the electricity industry and find that higher volatility of electricity prices leads to an increase in cash holdings, and this effect is robust to instrumenting for price risk using weather volatility.
Proceedings ArticleDOI

Microbeam radiation therapy at a laser-based compact synchrotron x-ray source

TL;DR: In this article, the first successful in-vitro experiments at a laser-based Compact Light Source (CLS) were conducted, which is based on inverse Compton scattering of infrared laser photons, enhanced with a high-finesse bowtie-cavity, with relativistic electrons of 20-45 MeV.
ReportDOI

Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms

TL;DR: In this article, the authors use data on hourly electricity prices in 41 markets to measure fluctuations in output prices and information on over 60,000 power plants to approximate firms' flexibilty to vary output quantities.