Söhnke M. Bartram Explained

Söhnke Matthias Bartram is a professor in the Department of Finance at Warwick Business School (WBS).[1] He is also a research fellow in the Financial Economics programme and the International Macroeconomics and Finance programme of the Centre for Economic Policy Research (CEPR), a charter member of Risk Who's Who, and a member of an international think tank for policy advice to the German government. Prior to joining the University of Warwick, he held faculty positions at Lancaster University and Maastricht University and worked for several years in quantitative investment management at State Street Global Advisors as Head of the London Advanced Research Center.

Work

Bartram's immediate research activities center around issues in international finance, corporate finance and financial markets, especially financial risk management. His current research investigates, for example, the efficiency of U.S. and international equity markets using non-discretionary quantitative analysis of firm fundamentals, anomalies in international day and night returns, the relation between idiosyncratic risk and market risk, the interactions between defined-benefit pensions and corporate financial policy, and the effect of the use of financial derivatives on the risk and exposure of non-financial firms around the world. He is ranked number 251 in the world based on downloads on SSRN.[2]

Career

He completed his Bachelor of Science and Master of Science degrees in business administration and economics at the Saarland University/University of Michigan, and obtained a PhD degree with distinction from WHU – Otto Beisheim School of Management.

Bartram has been a visiting scholar at the Fisher College of Business/Ohio State University, the Kenan-Flagler Business School/University of North Carolina, the University of Texas at Austin, the Kiel Institute for the World Economy, the Financial Markets Group at the London School of Economics, the UCLA Anderson School of Management, and a visiting professor of finance at London Business School, the Stern School of Business at New York University, the Center for Financial Studies at Goethe University Frankfurt, the Bank of Finland, the European University Institute, and the Einaudi Institute for Economics and Finance. He has received scholarships by the German Academic Exchange Service, the Fulbright Commission, the German National Merit Foundation and the Federal Ministry of Economics and Technology (Germany). Bartram worked for several years in quantitative investment research for State Street Global Advisors as head of the London Advanced Research Center and is a consultant to various financial institutions and investment companies.

Bartram has been awarded a higher doctorate, the degree of Doctor of Science (DSc), by the University of Warwick.

Honors and awards

Bibliography

  1. Creative Destruction, Stock Return Volatility, and the Number of Listed Firms . Bartram . Söhnke M. . Brown . Gregory W. . June 2024 . Stulz . Rene M. . none . 4854349 . Fisher College of Business Working Paper . 2024-03-009.
  2. Bartram . Söhnke M. . Grinblatt . Mark . Nozawa . Yoshio . December 2023 . Book-to-Market, Mispricing, and the Cross-Section of Corporate Bond Returns . Journal of Financial and Quantitative Analysis . 10.1017/S0022109024000048 . 3510630 . none.
  3. Bartram . Söhnke M. . Djuranovik . Leslie . Garratt . Anthony . Xu . Yan . October 2023 . Mispricing and Risk Premia in Currency Markets . Journal of Financial and Quantitative Analysis . 1–93 . 10.1017/S0022109023001400 . 4599758 . none.
  4. Bartram . Söhnke M. . Conrad . Jennifer . Lee . Jongsub . Subrahmanyam . Marti G. . May 2022 . Credit default swaps around the world . Review of Financial Studies . 35 . 5 . 2464–2524 . 10.1093/rfs/hhab092 . 3783886 . none . free.
  5. Bartram . Söhnke M. . Hou . Kewei . Kim . Sehoon . February 2022 . Real Effects of Climate Policy: Financial Constraints and Spillovers . Journal of Financial Economics . 143 . 2 . 668–696 . 10.1016/j.jfineco.2021.06.015 . 3816874 . none.
  6. none . Bartram . Söhnke M. . Branke . Jürgen . De Rossi . Giuliano . Motahari . Mehrshad . Summer 2021 . Machine Learning for Active Portfolio Management . Journal of Financial Data Science . 3 . 4 . 9–30 . 10.3905/jfds.2021.1.071 . 236639528.
  7. Book: Bartram, Söhnke M. . none . Hou . Kewei . Kim . Sehoon . May 2021 . Tackling climate change requires global policies . Combating Climate Change: A CEPR Collection . Weder di Mauro . Beatrice . CEPR Press . 137–143 . 978-1-912179-52-7.
  8. none . Bartram . Söhnke M. . Lohre . Harald . Pope . Peter . Ranganathan . Lakshmi . April 2021 . Navigating the Factor Zoo Around the World: An Institutional Investor Perspective . Journal of Business Economics . 91 . 5 . 655–703 . 10.1007/s11573-021-01035-y . 8074275 . 38624719 . 233408257 . 3510989 . free.
  9. none . Bartram . Söhnke M. . Grinblatt . Mark . February 2021 . Global Market Inefficiencies . Journal of Financial Economics . 139 . 1 . 234–259 . 10.1016/j.jfineco.2020.07.011 . 2540216.
  10. none . Bartram . Söhnke M. . Branke . Jürgen . Motahari . Mehrshad . August 2020 . Artificial Intelligence in Asset Management . CFA Institute Research Foundation Literature Reviews . 3692805 . 978-1-952927-02-7.
  11. none . Bartram . Söhnke M. . Brown . Gregory W. . Stulz . Rene M. . January 2018 . Why has Idiosyncratic Risk been Historically Low in Recent Years? . 3107798 . Fisher College of Business Working Paper . 2018-03-02.
  12. Fisher College of Business Working Paper . 2016-03-13. none . Bartram . Söhnke M. . Brown . Gregory W. . Stulz . Rene M. . June 2016 . Why does idiosyncratic risk increase with market risk? . 2816138.
  13. Bartram . Söhnke M. . Grinblatt, Mark . April 2018 . Agnostic Fundamental Analysis Works . Journal of Financial Economics . 128 . 1 . 125–147 . 10.1016/j.jfineco.2016.11.008 . 2670839.
  14. Bartram . Söhnke M. . October 2017 . In Good Times and in Bad: Defined Benefit Pensions and Corporate Financial Policy . Journal of Corporate Finance . 2145261.
  15. Bartram . Söhnke M. . September 2017 . Corporate Hedging and Speculation with Derivatives . Journal of Corporate Finance . 891190.
  16. Bartram . Söhnke M. . February 2017 . Corporate Post-Retirement Benefit Plans and Real Investment . Management Science . 63 . 2 . 355–383 . 10.1287/mnsc.2015.2307 . 2395843.
  17. Bartram . Söhnke M. . March 2016 . Corporate Post-Retirement Benefit Plans and Leverage . Review of Finance . 20 . 2 . 575–629 . 10.1093/rof/rfv021 . 1736803 . free . 10.1093/rof/rfv021.
  18. Bartram . Söhnke M. . Griffin, John . Ng, David . Lim, Tae-Hoon . August 2015 . How Important are Foreign Ownership Linkages for International Stock Returns? . Review of Financial Studies . 28 . 11 . 3036–3072 . 10.1093/rfs/hhv030 . 2540283.
  19. Bartram . Söhnke M. . Brown, Gregory W. . Waller, William . August 2015 . How Important is Financial Risk? . Journal of Financial and Quantitative Analysis . 50 . 4 . 801–824 . 10.1017/s0022109015000216 . 2307939 . free.
  20. Bartram . Söhnke M. . Wang, Jeffrey . July 2015 . European Financial Market Dependence: An Industry Analysis . Journal of Banking and Finance . 59 . 146–163 . 10.1016/j.jbankfin.2015.06.002 . 1570488.
  21. Bartram . Söhnke M. . Burns, Natasha . Helwege, Jean . September 2013 . Foreign Currency Exposure and Hedging: Evidence from Foreign Acquisitions . Quarterly Journal of Finance . 3 . 2 . 1350010 . 10.1142/s2010139213500109 . 1116409.
  22. Bartram . Söhnke M. . Brown, Gregory W. . Stulz, Rene M. . August 2012 . Why Are U.S. Stocks More Volatile? . Journal of Finance . 67 . 4 . 1329–1370 . 10.1111/j.1540-6261.2012.01749.x . 18587238 . 2257549.
  23. Bartram . Söhnke M. . Bodnar, Gordon M. . June 2012 . Crossing the Lines: The Relation between Exchange Rate Exposure and Stock Returns in Emerging and Developed Markets . Journal of International Money and Finance . 31 . 4 . 766–792 . 10.1016/j.jimonfin.2012.01.011 . 1983215.
  24. Bartram . Söhnke M. . Brown, Gregory W. . Conrad, Jennifer C. . August 2011 . The Effects of Derivatives on Firm Risk and Value . Journal of Financial and Quantitative Analysis . 46 . 4 . 967–999 . 10.1017/s0022109011000275 . 3945906 . 1550942.
  25. Aretz . Kevin . Bartram, Söhnke M. . Pope, Peter F. . April–June 2011 . Asymmetric Loss Functions and the Rationality of Expected Stock Returns . International Journal of Forecasting . 27 . 2 . 413–437 . 10.1016/j.ijforecast.2009.10.008 . 889323.
  26. Aretz . Kevin . Bartram, Söhnke M. . Winter 2010 . Corporate Hedging and Shareholder Value . Journal of Financial Research . 33 . 4 . 317–371 . 10.1111/j.1475-6803.2010.01278.x . 20087872 . 1354149.
  27. Aretz . Kevin . Bartram, Söhnke M. . Pope, Peter F. . June 2010 . Macroeconomic Risks and Characteristic-Based Factor Models . Journal of Banking and Finance . 34 . 6 . 1383–1399 . 10.1016/j.jbankfin.2009.12.006 . 153981367 . 646522.
  28. Bartram . Söhnke M. . Brown, Gregory W. . Minton, Bernadette . February 2010 . Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure . Journal of Financial Economics . 95 . 2 . 148–173 . 10.1016/j.jfineco.2009.09.002 . 1429286.
  29. Bartram . Söhnke M. . Bodnar, Gordon M. . December 2009 . No Place to Hide: The Global Crisis in Equity Markets in 2008/09 . Journal of International Money and Finance . 28 . 8 . 1246–1292 . 10.1016/j.jimonfin.2009.08.005 . 155030106 . 1413914.
  30. Bartram . Söhnke M. . Brown, Gregory W. . Fehle, Frank R. . Spring 2009 . International Evidence on Financial Derivatives Usage . Financial Management . 38 . 1 . 185–206 . 10.1111/j.1755-053x.2009.01033.x . 471245.
  31. Bartram . Söhnke M. . August 2008 . What Lies Beneath: Foreign Exchange Rate Exposure, Hedging and Cash Flows . Journal of Banking and Finance . 32 . 8 . 1508–1521 . 10.1016/j.jbankfin.2007.07.013 . 905087.
  32. Bartram . Söhnke M. . Fehle, Frank R. . Shrider, David . May 2008 . Does Adverse Selection Affect Bid-Ask Spreads for Options? . Journal of Futures Markets . 28 . 5 . 417–437 . 10.1002/fut.20316 . 154229351 . 1089222.
  33. Bartram . Söhnke M. . Brown, Gregory W. . Hund, John . December 2007 . Estimating Systemic Risk in the International Financial System . Journal of Financial Economics . 86 . 3 . 835–869 . 10.1016/j.jfineco.2006.10.001 . 938707.
  34. Bartram . Söhnke M. . December 2007 . Corporate Cash Flow and Stock Price Exposures to Foreign Exchange Rate Risk . Journal of Corporate Finance . 13 . 5 . 981–994 . 10.1016/j.jcorpfin.2007.05.002 . 985413.
  35. Bartram . Söhnke M. . Bodnar, Gordon M. . September 2007 . The Foreign Exchange Exposure Puzzle . Managerial Finance . 33 . 9 . 642–666 . 10.1108/03074350710776226 . 154570237 . 891887.
  36. Bartram . Söhnke M. . Taylor, Stephen J. . Wang, Yaw-Huei . May 2007 . The Euro and European Financial Market Dependence . Journal of Banking and Finance . 51 . 5 . 1461–1481 . 10.1016/j.jbankfin.2006.07.014 . 924333.
  37. Bartram . Söhnke M. . Fehle, Frank R. . March 2007 . Competition without Fungibility: Evidence from Alternative Market Structures for Derivatives . Journal of Banking and Finance . 31 . 3 . 659–677 . 10.1016/j.jbankfin.2006.02.004 . 55973719 . 311880.
  38. Bartram . Söhnke M. . Karolyi, G. Andrew . October 2006 . The Impact of the Introduction of the Euro on Foreign Exchange Rate Risk Exposures . Journal of Empirical Finance . 13 . 4–5 . 519–549 . 10.1016/j.jempfin.2006.01.002 . 299641.
  39. Bartram . Söhnke M. . 2006 . The Use of Options in Corporate Risk Management . Managerial Finance . 32 . 2 . 160–181 . 10.1108/03074350610641929 . 154610866 . 991261.
  40. Bartram . Söhnke M. . Dufey, Gunter . Frenkel, Michael . October–December 2005 . A Primer on the Exposure of Nonfinancial Corporations to Foreign Exchange Rate Risk . Journal of Multinational Financial Management . 15 . 4/5 . 394–413 . 10.1016/j.mulfin.2005.04.001 . 154989854 . 938948.
  41. Bartram . Söhnke M. . Wang, Yaw-Huei . 2005 . Another Look at the Relationship between Cross-market Correlation and Volatility . Finance Research Letters . 2 . 2 . 75–88 . 10.1016/j.frl.2005.01.002 . 16891423 . 673622.
  42. Bartram . Söhnke M. . June 2004 . Linear and Nonlinear Foreign Exchange Rate Exposures of German Nonfinancial Corporations . Journal of International Money and Finance . 23 . 4 . 673–699 . 10.1016/j.jimonfin.2004.03.002 . 327660.
  43. Bartram . Söhnke M. . 2002 . The Interest Rate Exposure of Nonfinancial Corporations . European Finance Review . 6 . 1 . 101–125 . 10.1023/a:1015024825914 . 327660 . free . 10.1023/A:1015024825914.
  44. Bartram . Söhnke M. . 2001 . International Portfolio Investment: Theory, Evidence, and Institutional Framework . Financial Markets, Institutions & Instruments . 10 . 3 . 85–155 . 10.1111/1468-0416.00043 . 270196 . free . 2027.42/35386.
  45. Bartram . Söhnke M. . 2000 . Corporate Risk Management as a Lever for Shareholder Value Creation . Financial Markets, Institutions & Instruments . 9 . 5 . 279–324 . 10.1111/1468-0416.00038 . 279507.

External links

Notes and References

  1. Web site: Appointment at WBS.
  2. Web site: SSRN author ranking.
  3. Web site: Award of De la Vega Prize.
  4. Web site: FESE Award.

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