Numerous researchers from the Department were honored by the Rector's Office for their dedication and research achievements over the past year. The department's awarded achievements can be found below and in the brochure WU Awards 2021.

The WU Best Paper Award, established in 2000, is presented annually to the authors of outstanding academic contributions published in the previous calendar year. The WU Best Paper Award is funded by the WU Anniversary Fund of the City of Vienna and is presented in 4 categories.

Category 1: Quantitative-analytical or theoretical work

• Frey, Rüdiger, Kurt, Kevin, Damian, Camilla. 2020. How safe are European safe bonds? An analysis from the perspective of modern credit risk models. Journal of Banking and Finance, Volume 119, 105939.

Category 2: Publications in the fields of Business Administration, Economics, and Business Education

• Schneider, Paul, Wagner, Christian, Zechner, Josef. 2020. Low-Risk Anomalies? The Journal of Finance, 75: 2673–2718.

Star Journal publications are articles by WU researchers published in outstanding international journals. These journals are listed in WU’s Star Journal List.

• Dangl, Thomas, Zechner, Josef. 2021. Debt maturity and the dynamics of Leverage. Review of Financial Studies.

• Kovacova, Gabriela, Rudloff, Birgit. 2020. Time consistency of the mean-risk problem. Operations Research.

• Schlag, Christian, Thimme, Julian, Weber, Rüdiger. 2021. Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution. Journal of Financial Economics. 140 (1), 127–144.

• Amberger, Harald, Markle, Kevin, Samuel, David. 2021. Repatriation Taxes, Internal Agency Conflicts, and Subsidiary-level Investment Efficiency. Accounting Review.

The Excellent Teaching Award gives special weight to our students’ opinions, because they are the ones who propose faculty members for this award. After expiration of the nomination period, the students’ submissions are forwarded to a jury that selects the winners based on course syllabi, evaluation results, and the reasons given in the students’ proposals.

• Katharina van Bakel-Auer

WU awards bonuses to its researchers for publications in internationally renowned journals and other outstanding academic achievements.

• Ararat, Çagin, Rudloff, Birgit. 2020. Dual representations for systemic risk measures. Mathematics and Financial Economics. 14 (1), 139–174.

• Birgit Rudloff, Ulus, Firdevs. 2020. Certainty Equivalent and Utility Indifference Pricing for Incomplete Preferences via Convex Vector Optimization. Mathematics and Financial Economics.

• Choi, Jaewon, Hackbarth, Dirk, Zechner, Josef. 2020. Granularity of Corporate Debt. Journal of Financial and Quantitative Analysis (JFQA). April 1–59.

• Riegler, Christian, Weiskirchner-Merten, Katrin. 2020. Research note: an analytical perspective on market decisions and asymmetric cost behavior. Review of Managerial Science. 14

• Kastner, Gregor, Huber, Forian. 2020. Sparse Bayesian Vector Autoregressions in Huge Dimensions. Journal of Forecasting. 39 1142–1165.

• Altay, Sühan, Colaneri, Katia, Eksi-Altay, Zehra. 2020. Optimal Convergence Trading with Unobservable  Pricing Errors. Annals of Operations Research.

• Simion, Giorgia, Cavezzali, Elisa, Nathan, Siva, Rigoni, Ugo. 2020. Market discipline on bank bond issues through the lens of a new forward-looking measure of loan quality. European Financial Management. 26 1350–1384.

• Halling, Michael, Yu, Jin, Zechner, Josef. 2020. How Did COVID -19 Affect Firms’ Access to Public Capital Markets? Review of Corporate Finance Studies. 9 (3), 501–533.

• Mittelbach-Hörmanseder, Stéphanie, Hummel, Katrin, Rammerstorfer, Margarethe. 2020. The information content of corporate social responsibility disclosure in Europe: an institutional perspective. European Accounting Review.

• Hirk, Rainer, Hornik, Kurt, Vana, Laura. 2020. mvord: An R Package for Fitting Multivariate Ordinal Regression Models. Journal of Statistical Software. 93 (4), 1–41.

• Frey, Rüdiger, Kurt, Kevin, Damian, Camilla. 2020. How safe are european safe bonds? An analysis from the perspective of modern credit risk models. Journal of Banking and Finance. 119

• Hirk, Rainer, Vana, Laura, Pichler, Stefan, Hornik, Kurt. 2020. A joint model of failures and credit ratings. Journal of Credit Risk. 16 (4), 1–28.

• Theußl, Stefan, Schwendinger, Florian, Hornik, Kurt. 2020. ROI: An extensible R optimization infrastructure. Journal of Statistical Software. 94 (15), 1–64.

• Hanspal, Tobin, Weber, Annika, Wohlfart, Johannes. 2020. Exposure to the COVID -19 Stock Market Crash and its Effect on Household Expectations. Review of Economics and Statistics.

• Reineke, Rebecca, Weiskirchner-Merten, Katrin. 2021. Transfer Pricing and Location of Intangibles –  Spillover and Tax Avoidance through Profit Shifting. Journal of Management Accounting Research.

• Rusch, Thomas, Mair, Patrick, Hornik, Kurt. 2021. Cluster Optimized Proximity Scaling. Journal of Computational and Graphical Statistics.

• Fissler, Tobias, Hlavinova, Jana, Rudloff, Birgit. 2021. Elicitability and Identifiability of Systemic Risk Measures. Finance and Stochastics. 25 (1), 133–165. 

• Eberhartinger, Eva, Genest, Nadia, Lee, Soojin. 2020. Financial statement users’ judgment  and disaggregated tax disclosure. Journal of International Accounting Auditing and Taxation. 41

• Zeileis, Achim, Fisher, Jason C., Hornik, Kurt, Ihaka, Ross, McWhite, Claire D., Murrell, Paul, Stauffer, Reto, Wilke, Claus O. 2020. colorspace: A toolbox for manipulating and assessing colors and palettes. Journal of Statistical Software. 96 (1), 1–49.

• Peer, Stefanie, Mürmann, Alexander, Sallinger, Katharina. 2020. App-based feedback on safety to novice drivers: learning and monetary incentives. Transportation Research Part F: Traffic Psychology and Behaviour. 71 198–219.
  
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• Hosszejni, Darjus, Kastner, Gregor. 2019. Approaches Toward the Bayesian Estimation of the Stochastic Volatility Model with Leverage. In: Bayesian Statistics and New Generations –  Selected Contributions from BAYSM 2018, Hrsg. Raffaele Argiento, Daniele Durante,  Sara Wade, 75–83. Cham: Springer.

• Hosszejni, Darjus, Kastner, Gregor. 2019. stochvol 2.0.0 – Stochastic volatility models with leverage in R. The ISBA Bulletin – The official bulletin of the International Society for Bayesian Analysis, 26.03.19

• Knaus, Peter, Bitto-Nemling, Angela, Cadonna, Annalisa, Frühwirth-Schnatter, Sylvia. 2019. shrinkTVP.

• Frühwirth-Schnatter, Sylvia, Malsiner-Walli, Gertraud. 2019. From here to infinity: sparse finite versus Dirichlet process mixtures in model-based clustering. Advances in Data Analysis and Classification. 13 (1), 33–64

• Bornemann, Tobias, Jacob, Martin, Sailer, Mariana. 2019. Do Corporate Taxes Affect Executive Compensation? 112th Annual Conference on Taxation, Tampa, Florida, Vereinigte Staaten/USA, 21.11.–23.11.2019. 

• Wu, Yuchen, Genest, Nadia. 2019. Does Tax Disclosure Confuse Investors? European Accounting Association Annual Congress 2019 (Presentation), Papho, Cyprus, 29.05.–31.05.

• Handler, Lukas, Jankowitsch, Rainer. 2019. Political Uncertainty and Sovereign Bond Markets. Eastern Finance Association, Miami, Vereinigte Staaten/USA, 10.04.–13.04.

• Handler, Lukas, Jankowitsch, Rainer. 2019. Political Uncertainty and Sovereign Bond Markets. European Financial Management Association, Ponta Delgada, Portugal, 26.06.–29.06.

• Chaderina, Maria, Mürmann, Alexander, Scheuch, Christoph. 2019. The Dark Side of Liquid Bonds in Fire Sales. American Finance Association (AFA) Annual Meeting, Atlanta, Vereinigte Staaten/USA, 04.01.–06.01.

• Hautsch, Nikolaus, Scheuch, Christoph, Voigt, Stefan. 2019. Limits to Arbitrage in Markets with Stochastic Settlement Latency. European Finance Association (EFA) Annual Meeting, Lissabon, Portugal, 21.08.–24.08.

• Hanspal, Tobin. 2020. Do Financial Misconduct Experiences Spur White-Collar Crime? European Finance Association, Helsinki, Finland, 20.08.–21.08.

• Amberger, Harald, Osswald, Benjamin. 2020. Asymmetric Information between the Taxpayer and the Tax Authority – Income Shifting via Patents. American Taxation Association Midyear Meeting, Fort Worth, Vereinigte Staaten/USA, 27.02.–29.02.

• Harald Amberger, Robinson, Leslie. 2020. The Effect of the 2017 U.S. Tax Reform on U.S. Acquisitions of Foreign Firms. National Tax Association’s 113th Annual Conference on Taxation, Online Meeting, Vereinigte Staaten/USA, 18.11.–21.11.

• Eberhartinger, Eva, Speitmann, Raffael, Sureth-Sloane, Caren, Wu, Yuchen. 2020. Sweetheart Deals in Tax Bargaining? How Trust Affects Concessionary Behavior. Tax Administration Research Centre’s 8th Annual Conference, University of Exeter Business School, Großbritannien, 15.12.–17.12.

• Eberhartinger, Eva, Speitmann, Raffael, Sureth-Sloane, Caren. 2020. Real Effects of Public Country-by-Country Reporting and the Firm Structure of European Banks. 82. Jahrestagung des VHB, Frankfurt, Deutschland, 17.03.–20.03.

• Weiskirchner-Merten, Katrin. 2020. Transfer Pricing and Location of Intangibles –  Spillover and Tax Avoidance through Profit Shifting. UNC Tax Symposium, Webinar, Vereinigte Staaten/USA, 17.04.

These research projects carried out by WU researchers have been awarded third-party funding after undergoing rigorous international peer review.

• Dynamic measures of systemic risk
  Anniversary Fund of the Oesterreichische Nationalbank (OeNB)
  Birgit Rudloff

• Multivariate ordinal regression models for enhanced credit risk modeling
  Anniversary Fund of the Oesterreichische Nationalbank (OeNB)
  Rainer Hirk, Kurt Hornik, Laura Vana

• Dreidimensionale Rekonstruktion und Klassifizierung hochauflösender optischer Satellitendaten (ReKlaSat3D)
  FFG – Österr. Forschungsförderungsgesellschaft mbH
  Ronald Hochreiter

Congratulation!