Accounting and Finance

Prof Sascha Steffen

Position:

Senior Research Fellow in Banking and Finance

Website:http://www.sascha-steffen.de
Category:Academic, Accounting and Finance
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Profile

Qualifications

Academic Qualifications

  • Post-doc, Stern School of Business - New York University
  • PhD in Finance, Goethe University Frankfurt (summa cum laude)
  • Dipl. Kfm. in Finance and Accounting, Goethe University Frankfurt

Professional Memberships

  • AEA
  • AFA
  • WFA
  • EFA
  • German Finance Association (DGF)
  • Verein fuer Socialpolitik (German Economic Association)

Experience

Professor Steffen joined Leeds University Business School in 2012 from ESMT (European School of Management) where he had been an Assistant Professor and the first chairholder of the Karl-Heinz Kipp Chair in Research. He has been teaching since 2005 and has taught at undergraduate, postgraduate and PhD level.

Before moving into academia, Professor Steffen held positions within Deutsche Bank's (Frankfurt and New York) Risk Management Division working with Hedge Funds and Structured Credit Products.

Research

Research Interests

  • Banking
  • Financial Intermediation

Publications

Publications & Forthcoming papers

'The Costs of Being Private: Evidence from the Loan Market' with A. Saunders, forthcoming, Review of Financial Studies.

'Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Demand and Supply Effects' with M. Puri and J. Rocholl, Journal of Financial Economics, 100(3), 556-578. (NBER Working Paper 16967).

'On Syndicate Composition, Corporate Structure and the Certification Effect of Credit Ratings' with O. Bosch, Journal of Banking and Finance, 35, 290 - 299.

 

Working papers

(Available here)
'On the importance of prior relationships in bank loans to retail customers' with M. Puri and J. Rocholl, Review of Financial Studies, revise and resubmit.

'Rules versus Discretion in Bank Lending Decisions' with M. Puri and J. Rocholl.

'Syndication, Interconnectedness and Systemic Risk' with J. Cai and A. Saunders.

'Government Guarantees and Bank Risk Taking Incentives' with M. Fischer, C. Hainz and J. Rocholl.

'Bank Capital, Competition and Loan Spreads' with M. Fischer and J. Mattes, Journal of Financial Services Research, revise and resubmit.

'Syndicated Loans, Lending Relationships and the Business Cycle' with J. Mattes and M. Wahrenburg, Journal of Financial Services Research, revise and resubmit.

 

Other Publications and Shorter Articles

'Measuring systemic risk of the European banking sector', Voxeu (13.7.2011).

'Exit Strategies of Buyout Investments – An Empirical Analysis' with D. Schmidt and F. Szabo, Journal of Alternative Investments, Spring 2010, Vol. 12, No. 4, 58-84.

'Exit Strategien von Buyout-Investments' with D. Schmidt and F. Szabo,, Absolut|report, 2007, S. 26-31.

 

Monographs and Chapters

5 Thesen zur Einlagensicherung“ (with M. Weber), in: Hopp/Wohlmannstetter (Edt.) (1st ed. 2011): Handbuch Corporate Governance von Banken, Beck. Forthcoming.

Funktionen und Einsatz von Finanzderivaten (with U. Schuewer), in: Jean-Claude Zerey (Edt.) (1st ed. 2008, 2nd ed. 2009): Außerbörsliche (OTC) Finanzderivate, Nomos.

The Role of Private Information in Financial Contracting - Evidence from the Syndicated Loan Market. Unpublished Dissertation.