Andreas Hackethal

Goethe University Frankfurt - Faculty of Economics and Business Administration

Professor of Finance

Theodor-W.-Adorno Platz 3

Frankfurt am Main, 60323

Germany

Leibniz Institute for Financial Research SAFE

Area Head Household Finance

(http://www.safe-frankfurt.de)

Theodor-W.-Adorno-Platz 3

Frankfurt am Main, 60323

Germany

SCHOLARLY PAPERS

37

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Top 1,157

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27,881

SSRN CITATIONS
Rank 1,929

SSRN RANKINGS

Top 1,929

in Total Papers Citations

265

CROSSREF CITATIONS

396

Scholarly Papers (37)

1.

Abusing ETFs

Forthcoming in the Review of Finance
Number of pages: 55 Posted: 15 Mar 2012 Last Revised: 13 Sep 2017
HKUST Business School, Technische Universität München (TUM) - TUM School of Management, and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 3,269 (3,988)
Citation 13

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household finance, retail investors, ETFs, passive investing, active investing, security selection, market timing

2.
Downloads 3,260 ( 4,011)
Citation 92

Financial Advisors: A Case of Babysitters?

Number of pages: 43 Posted: 19 Mar 2009 Last Revised: 14 Jun 2011
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 3,110 (4,282)
Citation 9

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Financial advice, portfolio choice, household finance

Financial Advisors: A Case of Babysitters?

Netspar Discussion Paper No. 04/2010-017
Number of pages: 43 Posted: 20 Jun 2010
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 144 (239,584)
Citation 10

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financial advice, portfolio choice, household finance

Financial Advisors: A Case of Babysitters?

CEPR Discussion Paper No. DP7235
Number of pages: 43 Posted: 07 Apr 2009
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics and Statistics
Downloads 6 (739,574)
Citation 40
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Financial advice, Household Finance, Portfolio Choice

Financial Advisors: A Case of Babysitters?

Journal of Banking and Finance, Forthcoming
Posted: 05 Sep 2011
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - House of Finance and University of Naples Federico II - Department of Economics and Statistics

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Financial advice, portfolio choice, household finance

3.

Financial Advice and Individual Investors' Portfolios

Number of pages: 40 Posted: 06 Mar 2007 Last Revised: 01 Mar 2015
EBS Universität für Wirtschaft und Recht - EBS Business School, JPMorgan, Goethe University Frankfurt - Faculty of Economics and Business Administration and EBS Universität für Wirtschaft und Recht - EBS Business School
Downloads 3,110 (4,368)
Citation 70

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Household finance, financial advice, investment behavior

4.

Drivers and Barriers to Management Accounting Change

AAA 2008 MAS Meeting Paper
Number of pages: 47 Posted: 28 Jul 2007 Last Revised: 11 Jan 2008
Felix Schwarze, Kim Wuellenweber and Andreas Hackethal
Goethe University Frankfurt - Department of Finance, University Frankfurt - E-Finance Lab and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 2,068 (8,622)

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management accounting, accounting change, bank, field study

Is Unbiased Financial Advice To Retail Investors Sufficient? Answers from a Large Field Study

Number of pages: 70 Posted: 20 May 2011 Last Revised: 12 May 2014
HKUST Business School, Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, Technische Universität München (TUM) - TUM School of Management and
Downloads 1,529 (13,685)
Citation 15

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retail investors, brokers, financial advice, efficient portfolios

Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study

Review of Financial Studies, Forthcoming
Number of pages: 70 Posted: 24 Sep 2011
HKUST Business School, Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, Technische Universität München (TUM) - TUM School of Management and
Downloads 338 (105,398)
Citation 26

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retail investors, brokers, financial advice, efficient portfolios

6.

The Influence of Financial Advice on the Asset Allocation of Individual Investors

EFA 2008 Athens Meetings Paper
Number of pages: 33 Posted: 17 Mar 2008
Christian Jansen, Rene Fischer and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,358 (16,838)
Citation 7

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individual investors, financial advice, asset allocation, conflict of interest, incentives

7.

Do Individual Investors Learn from Their Mistakes?

Number of pages: 35 Posted: 02 Aug 2012 Last Revised: 09 Apr 2019
Goethe University Frankfurt - Department of Finance, Technische Universität München (TUM) - TUM School of Management, and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,159 (21,345)
Citation 9

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Investor Learning, Investment Mistakes, Household Finance

8.

Financing Patterns: Measurement Concepts and Empirical Results

Frankfurt Dept. of Finance Working Paper No. 125
Number of pages: 49 Posted: 01 Feb 2001
Reinhard H. Schmidt and Andreas Hackethal
Goethe University Frankfurt - Chair of Banking and Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,130 (22,212)
Citation 12

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financing patterns, capital structure, financial system, banks, capital markets, internal finance, measurement concepts

9.

The Influence of Financial Advisors on Household Portfolios: A Study on Private Investors Switching to Financial Advice

Number of pages: 37 Posted: 17 Feb 2009
Ralf Gerhardt and Andreas Hackethal
Goethe University Frankfurt - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 1,041 (24,978)
Citation 18

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Investment Advice, Household Portfolios, Investment Behavior

Is Proprietary Trading Detrimental to Retail Investors?

Number of pages: 58 Posted: 12 Mar 2011 Last Revised: 15 Aug 2017
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 802 (35,567)
Citation 2

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Conflict of interests, universal banks, proprietary trading, retail investment, retail banking

Is Proprietary Trading Detrimental to Retail Investors?

Bundesbank Discussion Paper No. 42/2013
Number of pages: 40 Posted: 21 Jun 2016
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 108 (297,987)
Citation 3

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conflict of interests, universal banks, proprietary trading, retail investment, retail banking

Is Proprietary Trading Detrimental to Retail Investors?

Journal of Finance, Forthcoming
Number of pages: 58 Posted: 18 Mar 2012 Last Revised: 18 Aug 2017
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 43 (493,309)
Citation 2

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Conflict of interest, universal banks, proprietary trading, retail investment, retail banking

11.

The Impact of Business Process Outsourcing on Firm Performance and the Influence of Governance: A Long Term Study in the German Banking Industry

Number of pages: 44 Posted: 18 Dec 2007
Goethe University Frankfurt - Chair of Banking and Finance, Faculty of Economics and Business Administration, Goethe University Frankfurt - Faculty of Economics and Business Administration and University Frankfurt - E-Finance Lab
Downloads 948 (28,626)
Citation 3

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Business Process Outsourcing, firm performance, firm characteristics, banking, German banks, governance

12.
Downloads 855 ( 33,111)
Citation 24

Trading on Advice

Number of pages: 35 Posted: 03 Nov 2010 Last Revised: 31 Dec 2012
Andreas Hackethal, Roman Inderst and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt and
Downloads 852 (32,768)
Citation 34

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Trading, Financial Advice

Trading on Advice

CEPR Discussion Paper No. DP8091
Number of pages: 49 Posted: 29 Nov 2010
Andreas Hackethal, Roman Inderst and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt and
Downloads 3 (765,600)
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financial advice, trading

13.

How Ing-Diba Conquered the German Retail Banking Market

Number of pages: 26 Posted: 12 Mar 2008 Last Revised: 02 Apr 2008
Andre Guettler and Andreas Hackethal
University of Ulm - Department of Mathematics and Economics and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 835 (34,192)
Citation 3

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IT development, strategic success factors, direct bank, German financial system

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

European Corporate Governance Institute (ECGI) - Law Working Paper No. 446/2019
Number of pages: 78 Posted: 29 Nov 2017 Last Revised: 14 Apr 2019
Goethe University Frankfurt - Faculty of Economics and Business Administration, University of Chicago - Booth School of Business, , University of Chicago - Booth School of Business and Harvard University - Business School (HBS)
Downloads 571 (56,034)

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Market manipulation, Pump-and-dump schemes, Securities regulation, Fraud, Investor protection, Lottery stocks, Household finance

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

Center for Financial Studies Working Paper No. 609
Number of pages: 75 Posted: 16 Dec 2018 Last Revised: 18 Dec 2018
University of Chicago - Booth School of Business, , University of Chicago - Booth School of Business, Harvard University - Business School (HBS) and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 166 (212,595)
Citation 2

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Market manipulation, Pump-and-dump schemes, Securities regulation, Fraud, Investor protection, Lottery stocks, Household finance

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

NBER Working Paper No. w24083
Number of pages: 63 Posted: 06 Dec 2017
University of Chicago - Booth School of Business, , University of Chicago - Booth School of Business, Harvard University - Business School (HBS) and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 22 (614,862)

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15.

Who Are the Bitcoin Investors? Evidence from Indirect Cryptocurrency Investments

SAFE Working Paper No. 277
Number of pages: 52 Posted: 31 Dec 2019 Last Revised: 08 Sep 2020
Dominique Lammer, Tobin Hanspal and Andreas Hackethal
affiliation not provided to SSRN, WU Vienna University of Economics and Business and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 645 (48,595)
Citation 2

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Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior

16.

The Anatomy of Bank Diversification

Number of pages: 28 Posted: 09 Mar 2007
Ralf Elsas, Andreas Hackethal and Markus Holzhäuser
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), Goethe University Frankfurt - Faculty of Economics and Business Administration and Goethe University Frankfurt - Department of Finance
Downloads 545 (60,156)
Citation 17

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Bank Diversification, Conglomerate Discount, Universal Banking

17.

Trading on Noise: Moving Average Trading Heuristics and Private Investors

Number of pages: 67 Posted: 07 Nov 2014
Thomas Etheber, Andreas Hackethal and Steffen Meyer
Goethe University Frankfurt - Department of Finance, Goethe University Frankfurt - Faculty of Economics and Business Administration and
Downloads 541 (60,717)
Citation 5

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Investor heuristics, technical analysis, individual investors, noise trading

18.

The Service Profit Chain of Retail Banking - How Regulation Might Promote Service Innovation

Number of pages: 37 Posted: 17 Mar 2008
Rene Fischer, Andreas Hackethal and Christian Jansen
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, Goethe University Frankfurt - Faculty of Economics and Business Administration and EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting
Downloads 469 (72,516)
Citation 1

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Service profit chain, MiFID, financial service providers, investment advisory

19.

Whose Money is Smart? Mutual Fund Purchases of Private Investors

Number of pages: 29 Posted: 18 Feb 2009 Last Revised: 16 Mar 2009
Fabian Niebling, Steffen Meyer and Andreas Hackethal
affiliation not provided to SSRN, and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 398 (88,023)
Citation 1

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Smart decision making, Mutual funds, Fund selection criterion, Household finance, Cost of investment mistakes

20.

How to Meet Private Investors' Advisory Needs

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 27 Posted: 27 Aug 2007 Last Revised: 23 May 2008
Christian Jansen and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 380 (92,922)
Citation 1

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Retail banking, financial advisory, customer segmentation, financial sophistication

21.

German Banks - a Declining Industry?

Number of pages: 41 Posted: 11 Oct 2003
Andreas Hackethal
Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 348 (102,633)
Citation 2

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Commercial banking, Germany, disintermediation, financial system

22.

Gender Differences in Financial Advice

SAFE Working Paper No. 309
Number of pages: 76 Posted: 04 Mar 2015 Last Revised: 24 Feb 2021
ZEW – Leibniz Centre for European Economic Research, Goethe University Frankfurt - Faculty of Economics and Business Administration, ARC Econ GmbH and University of Bonn
Downloads 297 (122,482)
Citation 21

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Financial advice, consumer protection, household finance, financial literacy, discrimination, credence goods

23.

An Empirical Study on the Cost of Institutional Boundaries and Lacking Financial Sophistication in the Mutual Fund Selection Process

EFA 2008 Athens Meetings Paper
Number of pages: 29 Posted: 19 Mar 2008
Rene Fischer, Steffen Meyer and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting, and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 263 (138,571)
Citation 1

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Cost of investment mistakes, Mutual Funds, Fund performance, Fund selection criterion

24.

Consuming Dividends

SAFE Working Paper No. 280
Number of pages: 67 Posted: 28 Oct 2019 Last Revised: 08 Sep 2020
Konstantin Bräuer, Andreas Hackethal and Tobin Hanspal
Goethe University Frankfurt, Goethe University Frankfurt - Faculty of Economics and Business Administration and WU Vienna University of Economics and Business
Downloads 248 (148,107)
Citation 3

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Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investors

25.

There is No Place Like Home: A Spatial Analysis of Investor Choice of Stock Exchange

Number of pages: 26 Posted: 17 Mar 2008 Last Revised: 26 Mar 2008
Ralph Bluethgen and Andreas Hackethal
EBS Universität für Wirtschaft und Recht - EBS Business School and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 234 (155,415)

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Household Finance, Behavioral Bias, Financial Advice, Spatial Analysis

Smart(Phone) Investing? A within Investor-Time Analysis of New Technologies and Trading Behavior

SAFE Working Paper No. 303
Number of pages: 59 Posted: 02 Feb 2021 Last Revised: 10 Mar 2021
Indiana University - Kelley School of Business - Department of Finance, Technische Universität München (TUM) - TUM School of Management, Indiana University - Kelley School of Business - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 219 (166,658)

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fintech, investor behavior, financial risk-taking, lottery-type assets, investment biases, trend chasing, spillover effects

Smart(Phone) Investing? A within Investor-Time Analysis of New Technologies and Trading Behavior

NBER Working Paper No. w28363
Number of pages: 58 Posted: 27 Jan 2021 Last Revised: 30 Jan 2021
Indiana University - Kelley School of Business - Department of Finance, Technische Universität München (TUM) - TUM School of Management, Indiana University - Kelley School of Business - Department of Finance and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 9 (715,281)
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27.

Smoking Hot Portfolios? Overtrading from Self-Control Failure

SAFE Working Paper No. 245
Number of pages: 57 Posted: 06 Mar 2019 Last Revised: 07 Oct 2019
Charline Uhr, Steffen Meyer and Andreas Hackethal
Goethe University Frankfurt, and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 207 (174,639)

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self-control; individual investor; trading behavior

28.

Client Involvement in Expert Advice: Antibiotics in Finance?

SAFE Working Paper No. 219
Number of pages: 44 Posted: 30 May 2018 Last Revised: 16 Apr 2019
Goethe University Frankfurt - Faculty of Economics and Business Administration, University of Bonn, and Goethe University Frankfurt
Downloads 186 (192,528)
Citation 3

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Financial Advice, Individual Investors, Client Involvement

29.

Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)

SAFE Working Paper No. 146
Number of pages: 49 Posted: 01 Oct 2016 Last Revised: 16 Apr 2019
Sven Thorsten Jakusch, Steffen Meyer and Andreas Hackethal
Goethe University Frankfurt - Department of Finance, and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 94 (324,743)

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Prospect Theory, Parameter Elicitation, Investors Heterogeneity

30.

Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach

SAFE Working Paper No. 147
Number of pages: 61 Posted: 01 Oct 2016 Last Revised: 16 Apr 2019
Andreas Hackethal, Sven Thorsten Jakusch and Steffen Meyer
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance and
Downloads 82 (353,201)
Citation 2

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Utility Theory, Maximum Likelihood, Individual Investors

31.

On the (Ir)Relevance of Monetary Incentives in Risk Preference Elicitation Experiments

SAFE Working Paper No. 286
Number of pages: 46 Posted: 03 Sep 2020
Goethe University Frankfurt - Faculty of Economics and Business Administration, University of Innsbruck, University of Bonn, affiliation not provided to SSRN and Goethe University Frankfurt
Downloads 73 (377,590)
Citation 3

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Risk Preferences; Incentives; Experimental Economics; Risk Aversion

32.

Banks and German Corporate Governance: On the Way to a Capital Market-Based System?

Corporate Governance: An International Review, Vol. 13, No. 3, pp. 397-407, May 2005
Number of pages: 11 Posted: 21 May 2005
Andreas Hackethal, Reinhard H. Schmidt and Marcel Tyrell
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Chair of Banking and Finance and University of Frankfurt
Downloads 31 (541,207)
Citation 1
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33.

Portfolio Risk Forecasting

Journal of Risk, Vol. 16, No. 1, 2013
Number of pages: 34 Posted: 07 Jun 2016
Valentin Braun and Andreas Hackethal
Goethe University Frankfurt and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 0 (773,710)
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portfolio risk forecasting, volatility levels, forecasts

34.

The Impact of Weather on German Retail Investors

Review of Finance (Forthcoming)
Posted: 05 May 2014
International Monetary Fund (IMF), ZEW – Leibniz Centre for European Economic Research, and Goethe University Frankfurt - Faculty of Economics and Business Administration

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weather; individual investor; mood; trading behavior; stock market

35.

Multi-Bank Loan Pool Contracts

Posted: 06 Aug 2008
Andreas Gintschel and Andreas Hackethal
JPMorgan and Goethe University Frankfurt - Faculty of Economics and Business Administration

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36.

Signaling Power of Open Market Share Repurchases in Germany

Financial Markets and Portfolio Management, Vol. 20, No. 2, 2006
Posted: 03 Aug 2006
Alexandre Zdantchouk and Andreas Hackethal
Freitag Gellert & Co. GmbH and Goethe University Frankfurt - Faculty of Economics and Business Administration

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Open market share repurchases, event study, undervaluation signaling, repurchase policy and regulation

37.

Disintermediation and the Role of Banks in Europe: An International Comparison

Posted: 21 Jan 1999
Reinhard H. Schmidt, Marcel Tyrell and Andreas Hackethal
Goethe University Frankfurt - Chair of Banking and Finance, University of Frankfurt and Goethe University Frankfurt - Faculty of Economics and Business Administration

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Other Papers (1)

Total Downloads: 0
1.

Migration and the Retail Banking Industry: An Examination of Immigrants' Bank Nationality Choice in Germany

European Journal of Finance 16(5), 459-480, 2009
Posted: 04 Aug 2012
Fabian Gleisner, Andreas Hackethal and Christian Rauch
Goethe University Frankfurt - Faculty of Economics and Business Administration, Goethe University Frankfurt - Faculty of Economics and Business Administration and American University of Sharjah

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Retail Banking, Bank Globalization, Migration