Professor Söhnke M Bartram
Professor of Finance
Research Interests
International Finance, Risk Management, Capital Markets, Behavioral Finance, CDS, Derivatives, Empirical Asset Pricing, Corporate Finance, Climate Finance, Artificial Intelligence in Asset Management
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
- Bartram, S. M. and Grinblatt, M. (2019) "Global market inefficiencies", Journal of Financial Economics
- 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
