Work in Progress

Submission Date (est.)

Contribution

A Good Beginning Makes a Good Market: The Effect of Different Market Opening Structures on Market Quality
Hinterleitner, G./Leopold-Wildburger, U./Mestel, R./Palan, S.
Paper studying the impact of market opening structure (transparent/intransparent call auction followed by a continuous double auction, or stand-alone continuous double auction) on market efficiency in a market with homogenously informed traders.

The Effect of Participation in Accounting Standard Setting on Subsequent Reporting Behavior
Königsgruber, R./Palan, S.
Experimental study on the impact of participation in accouting standard setting in subsequent accounting manipulation.

Endogenous Evolution of Society
Fleiss, J./Palan, S.
Experimental study on the endogenous evolution of societal structures in a public goods game.

Hypocrisy and Participation
Königsgruber, R./Palan, S./Stefani, U.
Experimental study on the impact of participation on hypocrisy in accouting standard setting and subsequent reporting behavior.

Experimental Studies of Homogeneous Value Asset Markets – A Survey
Palan, S.
Paper surveying the results from homogeneous value asset markets, with a particular focus on bubble measures.

An Experimental Study of Day and Night Effects in Stock Markets
Palan, S./Pilaj, H.
Paper studying the influence of different market mechanisms on day/night effects in stock markets.

Insider trading under different experimental market structures
Hornung, P./Hinterleitner, G./Leopold-Wildburger, U./Mestel, R./Palan, S.
Paper studying the impact of market opening structure (transparent/intransparent call auction followed by a continuous double auction, or stand-alone continuous double auction) on market efficiency in a market with non-informed and informed traders.

Published Articles and Articles Under Review (refereed)

Date

Contribution

Inducing Low-Carbon Investment in the Electric Power Industry through a Price Floor for Emissions Trading
Brauneis, A./Loretz, M./R. Mestel/Palan, S.
Paper studying the impact of a carbon price floor on the timing of green investment decisions.
FEEM Working paper 74.2011, 10/2011: .pdf Full Text, this Server - .pdf Full Text, FEEM

To See is to Believe - Common Expectations in Experimental Asset Markets
Cheung, S./Hedegaard, M./Palan, S.
Paper studying the role of complexity in the formation of bubbles in experimental asset markets.

Vergleichende Analyse von Fondsdirektinvestments mit Fondsgebundenen Lebensversicherungen
Gauper, A./Mestel, R./Palan, S.
Paper comparing the after-tax performance of a direct investment in mutual funds with an investment in a life insurance investing in mutual funds.

Two Heads are Less Bubbly Than One: Team Decision-Making in an Experimental Asset Market
Cheung, S./Palan, S.
Experimental Economics, pre-press version published online on 19 September 2011, DOI: 10.1007/s10683-011-9304-6
Paper showing that team decision-makers reduce price bubbles compared to individual decision-makers in experimental asset markets.

Vom Kapitalwert zur Realoption in der Unternehmensbewertung
Mestel, R./Palan, S./Steiner, P.
in: Königsmaier, H./Rabel, K., "Unternehmensbewertung: Theoretische Grundlagen - Praktische Anwendung", Linde, Wien, 2010, pp. 451-470, ISBN: 978-3-7073-1606-3
Paper on the application of real option methodology in company valuation. Published in the festschrift for Gerwald Mandl on the occasion of his 70th birthday.

Digital Options and Efficiency in Experimental Asset Markets
Palan, S.
Journal of Economic Behavior & Organization 75(3), 2010, pp. 506-522, DOI: 10.1016/j.jebo.2010.05.011
Paper on the effect of offering subjects in an experimental asset market the opportunity to trade also in a digital option markets.

Kursblasen und Adaptive Erwartungen auf Laboraktien- und -digitaloptionsmärkten
Palan, S.
Österreichisches Bankarchiv 58(1), ISSN: 1015-1516, 2010, pp. 40-49.
Paper on the expectations formation of subjects in experimental stock and digital option markets, with some results on the impact of subject gender.

Books

Date

Contribution

Bubbles and Crashes in Experimental Asset Markets, Lecture Notes in Economics and Mathematical Systems, vol. 626, Springer, Heidelberg et al., 2009.
ISBN: 978-3-642-02146-6, DOI: 10.1007/978-3-642-02147-3

Copeland, T. E./Weston, J. F./Shastri, K., Financial Theory and Corporate Policy, 4th ed., Addison Wesley, 2005. (Original book at Amazon.de)
Translation from English to German.

Master Thesis: "The Efficient Market Hypothesis and its Validity in Today's Markets"
ISBN: 978-3638703734

Book Reviews

Date

Contribution

Jaron, M., Noise Trading und Ineffizienzen am deutschen Aktienmarkt, Portfoliomanagement 26, Uhlenbruch, 2010 (ISBN 978-3-933207-74-6).

Guggenbichler-Brunner, H./Palan, S.
Österreichisches Bankarchiv 59(3), 2011, p. 204.
Book at amazon.de

Albrecht, P./Maurer, R., Investment- und Risikomanagement, 2. Auflage, Schäffer/Poeschel, Stuttgart, 2005 (ISBN 3-7910-2431-0).

Palan, S.
Österreichisches Bankarchiv 54(2), 2006, p. 146.
Book at amazon.de

Other Publications

Date

Contribution

Teilnahme an der Rechnungslegungsregulierung: Implikationen für die Compliance?

Königsgruber, R./Palan, S.
Zeitschrift für Internationale Rechnungslegung (IRZ), Issue 7/8, July/August 2011, pp. 343-345 (unrefereed).

Tagungsbericht: 20. Workshop der Austrian Working Group on Banking and Finance, Graz, 18.-19. November 2005

Bock, M./Palan, S.
Österreichisches Bankarchiv 54(2), 2006, pp. 132-133.

Unpublished Work

Date

Contribution

Diskussion von "Abnormal Returns from the Common Stock Investments of the U.S. Senate"

Zitat: Ziobrowski, A. J./Cheng, P./Boyd, J. W./Ziobrowski, B., Journal of Financial and Quantitative Analysis 39, 2004, pp. 661-676.

Consulting

Date

Contribution

Evaluierung und Konzeptionierung von Bewertungsmethoden für komplexe Finanzinstrumente
Mestel, R./Palan, S.
Consulting project for ecofinance Finanzsoftware & Consulting GmbH (supported by the Austrian Research Promotion Agency (FFG))

Interviews and Contributions in the Media

Date

Contribution