Söhnke M Bartram - Professor of Finance | Staff Directory

Research Interests

International Finance, Risk Management, Capital Markets, Behavioral Finance, CDS, Derivatives, Empirical Asset Pricing, Corporate Finance, Climate Finance

Personal Homepage

Research Papers

Teaching in 2019-2020

Executive MBA

IB9R40: Investments and Risk Management

Finance

IB9Y40: International Financial Management

Postgraduate Research Finance and Econometrics

IB9BL0: Advanced Topics in Finance

Finance Group

Email: s.m.bartram@wbs.ac.uk / Tel: 024 765 74168 / Room: 2.112

Biography

Söhnke M. Bartram is a Professor in the Department of Finance at Warwick Business School. He is also a Charter Member of Risk Who's Who and a member of an international think tank for policy advice to the German government. His immediate research activities center around issues in international finance and financial markets. Dr. Bartram's work has been presented at conferences organized by the NBER, CEPR, the American Finance Association, the Western Finance Association, and the American Economic Association, published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, and Management Science, and included in testimony before the U.S. Congress House Financial Services Committee.
Dr. Bartram has been a Visiting Scholar with René M. Stulz, Everett D. Reese Chair of Banking and Monetary Economics, at the Charles A. Dice Center for Research of Financial Economics at the Fisher College of Business/Ohio State University. He has also been a Visiting Scholar at the Kenan-Flagler Business School/University of North Carolina, the University of Texas at Austin, the Kiel Institute for the World Economy, the London School of Economics and the UCLA Anderson School of Management, and a Visiting Professor of Finance at London Business School, NYU Stern, the Center for Financial Studies at Goethe University, EUI and EIEF. He 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.

Publications

Journal Articles

Söhnke M Bartram (2019) "Corporate hedging and speculation with derivatives", Journal of Corporate Finance, 57, 9-34
Söhnke M Bartram (2018) "In good times and in bad : defined-benefit pensions and corporate financial policy", Journal of Corporate Finance, 48, 331-351
Bartram, S. M. and Grinblatt, M. (2018) "Agnostic fundamental analysis works", Journal of Financial Economics, 128, 1, 125-147
Söhnke M Bartram (2017) "Corporate postretirement benefit plans and real investment", Management Science, 63, 2, 279-585
Söhnke M Bartram (2016) "Corporate post-retirement benefit plans and leverage", Review of Finance, 20, 2, 575-629
Bartram, S. M., Griffin, J., Ng, D. and Lim, T. (2015) "How important are foreign ownership linkages for international stock returns?", Review of Financial Studies, 20, 11, 3036-3072
Bartram, S. M. and Wang, Y. (2015) "European financial market dependence : an industry analysis", Journal of Banking & Finance, 59, 1, 146-163
Bartram, S. M., Brown, G. W. and Waller, W. (2015) "How important is financial risk?", Journal of Financial and Quantitative Analysis, 50, 4, 801-824
Bartram, S. M., Burns, N. and Helwege, J. (2013) "Foreign currency exposure and hedging : evidence from foreign acquisitions", Quarterly Journal of Finance, 3, 2, 1-20, 1350010
Bartram, S. M. and Bodnar, G. M. (2012) "Crossing the lines : the conditional relation between exchange rate exposure and stock returns in emerging and developed markets", Journal of International Money and Finance, Vol.31, No.4, 766-792
Bartram, S. M., Brown, G. W. and Stulz, R. M. (2012) "Why are U.S. stocks more volatile?", Journal of Finance, 67, 4, 1329-1370
Aretz, K., Bartram, S. M. and Pope, P. F. (2011) "Asymmetric loss functions and the rationality of expected stock returns", International Journal of Forecasting, Vol.27, No.2, 413-437
Bartram, S. M., Brown, G. W. and Conrad, J. (2011) "The effects of derivatives on firm risk and value", Journal of Financial and Quantitative Analysis, Vol.46, No.4, 967-999
Aretz, K. and Bartram, S. M. (2010) "Corporate hedging and shareholder value", Journal of Financial Research, Vol.33, No.4, 317-371
Bartram, S. M., Brown, G. W. and Minton, B. A. (2010) "Resolving the exposure puzzle: The many facets of exchange rate exposure", Journal of Financial Economics, Vol.95, No.2, 148-173
Aretz, K., Bartram, S. M. and Pope, P. F. (2010) "Macroeconomic risks and characteristic-based factor models", Journal of Banking & Finance, Vol.34, No.6, 1383-1399
Bartram, S. M., Brown, G. W. and Fehle, F. R. (2009) "International evidence on financial derivatives usage", Financial Management , Vol.38, No.1, 185-206
Bartram, S. M. and Bodnar, G. M. (2009) "No place to hide : the global crisis in equity markets in 2008/2009", Journal of International Money and Finance, Vol.28, No.8, 1246-1292
Bartram, S. M., Fehle, F. and Shrider, D. G. (2008) "Does adverse selection affect bid–ask spreads for options?", Journal of Futures Markets, Vol.28, No.5, 417-437
Söhnke M Bartram (2008) "What lies beneath : foreign exchange rate exposure, hedging and cash flows", Journal of Banking & Finance, Vol.32, No.8, 1508-1521
Söhnke M Bartram (2007) "Corporate cash flow and stock price exposures to foreign exchange rate risk", Journal of Corporate Finance, 13, 5, 981-994
Bartram, S. M. and Bodnar, G. M. (2007) "The foreign exchange exposure puzzle", Managerial Finance, 33, 9, 642-666
Bartram, S. M. and Fehle, F. R. (2007) "Competition without fungibility : evidence from alternative market structures for derivatives", Journal of Banking and Finance, 31, 3, 659-677
Bartram, S. M., Brown, G. W. and Hund, J. E. (2007) "Estimating systemic risk in the international financial system", Journal of Financial Economics, 86, 3, 835-869
Bartram, S. M., Taylor, S. J. and Wang, Y. (2006) "The Euro and European financial market dependence", Journal of Banking and Finance, 51, 5, 1461-1481
Bartram, S. M. and Karolyi, G. A. (2006) "The impact of the introduction of the Euro on foreign exchange rate risk exposures", Journal of Empirical Finance, 13, 4-5, 519-549
Söhnke M Bartram (2006) "The use of options in corporate risk management", Managerial Finance, 32, 2, 160-181
Bartram, S. M. and Wang, Y. (2005) "Another look at the relationship between cross-market correlation and volatility", Finance Research Letters , 2, 2, 75-88
Söhnke M Bartram (2004) "Linear and nonlinear foreign exchange rate exposures of German nonfinancial corporations", Journal of International Money and Finance, 23, 4, 673-699
Söhnke M Bartram (2002) "The interest rate exposure of nonfinancial corporations", European Finance Review, 6, 1, 101-125