Andreas Stephan
Professor, prodekan
Institutionen för skog och träteknik
Fakulteten för teknik
Jag har en examen som civilingenjör i industriell ekonomi från Technische Universität Berlin (TU Berlin) och har disputerat i nationalekonomi vid Humboldt-Universität zu Berlin.
Forskning
Mina forskningsintressen är relaterade till klimat- och skogspolitik, ESG och finansmarknader, och grön investering och finansiering. Flera av mina forskningsprojekt handlar om innovation och grön hållbar omställning av industrin. Jag är Associate Editor för tidskrifterna Eurasian Economic Review och Business Strategy and the Environment. Mina preprints kan man hitta här och senaste publicerade artiklar här.
Uppdrag
Sedan maj 2023 är jag prodekan för Ekonomihögskolan.
Mina pågående forskningsprojekt
Publikationer
Publikationer i urval
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Schäfer, D., Stephan, A., Weser, H. (2023). Crisis stress for the diversity of financial portfolios : evidence from European households. International Review of Economics and Finance. 83. 330-347.
Status: Publicerad -
Schäfer, D., Stephan, A., Fuhrmeister, S. (2023). The impact of public procurement on financial barriers to general and green innovation. Small Business Economics.
Status: Epub för tryck -
Kärnä, A., Stephan, A. (2022). Do firms in rural regions lack access to credit? : Local variation in small business loans and firm growth. Regional studies. 56 (11). 1919-1933.
Status: Publicerad -
Baum, K., Lööf, H., Stephan, A., Viklund-Ros, I. (2022). Innovation by start-up firms : The role of the board of directors for knowledge spillovers. Research Policy. 51 (1).
Status: Publicerad -
Lööf, H., Sahamkhadam, M., Stephan, A. (2022). Is Corporate Social Responsibility investing a free lunch? : The relationship between ESG, tail risk, and upside potential of stocks before and during the COVID-19 crisis. Finance Research Letters. 46 (B).
Status: Publicerad -
Sahamkhadam, M., Stephan, A., Östermark, R. (2022). Copula-based Black–Litterman portfolio optimization. European Journal of Operational Research. 297 (3). 1055-1070.
Status: Publicerad -
Kärnä, A., Manduchi, A., Stephan, A. (2021). Distance still matters : Local bank closures and credit availability. International Review of Finance. 21 (4). 1503-1510.
Status: Publicerad -
Löffler, K.U., Petreski, A., Stephan, A. (2021). Drivers of green bond issuance and new evidence on the “greenium”. Eurasian Economic Review. 11. 1-24.
Status: Publicerad -
Jensen, F., Lööf, H., Stephan, A. (2020). New ventures in Cleantech : Opportunities, capabilities and innovation outcomes. Business Strategy and the Environment. 9 (3). 902-917.
Status: Publicerad -
Holgersson, T., Karlsson, P.S., Stephan, A. (2020). A risk perspective of estimating portfolio weights of the global minimum-variance portfolio. AStA Advances in Statistical Analysis. 104. 59-80.
Status: Publicerad -
Ghosal, V., Stephan, A., Weiss, J.F. (2019). Decentralized environmental regulations and plant-level productivity. Business Strategy and the Environment. 28 (6). 998-1011.
Status: Publicerad -
Jensen, F., Schäfer, D., Stephan, A. (2019). Financial constraints of firms with environmental innovation. Vierteljahrshefte zur Wirtschaftsforschung. 88 (3). 43-65.
Status: Publicerad -
Weiss, J., Stephan, A., Anisimova, T. (2019). Well-designed environmental regulation and firm performance : Swedish evidence on the Porter hypothesis and the effect of regulatory time strategies. Journal of Environmental Planning and Management. 62 (2). 342-363.
Status: Publicerad -
Sahamkhadam, M., Stephan, A., Östermark, R. (2018). Portfolio optimization based on GARCH-EVT-Copula forecasting models. International Journal of Forecasting. 34 (3). 497-506.
Status: Publicerad -
Baum, C., Lööf, H., Nabavi, P., Stephan, A. (2017). A new approach to estimation of the R&D–innovation–productivity relationship. Economics of Innovation and New Technology. 26 (1-2). 121-133.
Status: Publicerad -
Cadot, O., Röller, L., Stephan, A. (2006). Contribution to Productivity or Pork Barrel? : The Two Faces of Infrastructure Investment. Journal of Public Economics. 90 (6-7). 1133-1153.
Status: Publicerad - Fritsch, M., Stephan, A. (2005). Regionalization of Innovation Policy : Introduction to the special issue. Elsevier.
Artikel i tidskrift (Refereegranskat)
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Lööf, H., Sahamkhadam, M., Stephan, A. (2023). Incorporating ESG into Optimal Stock Portfolios for the Global Timber & Forestry Industry. Journal of Forest Economics. 38 (2). 133-157.
Status: Publicerad -
Sahamkhadam, M., Stephan, A. (2023). Portfolio optimization based on forecasting models using vine copulas : An empirical assessment for global financial crises. Journal of Forecasting. 42 (8). 2139-2166.
Status: Publicerad -
Röös, E., De Groote, A., Stephan, A. (2022). Meat tastes good, legumes are healthy and meat substitutes are still strange : The practice of protein consumption among Swedish consumers. Appetite. 174.
Status: Publicerad -
Baum, C.F., Lööf, H., Stephan, A., Viklund-Ros, I. (2022). The impact of offshoring on technical change : Evidence from Swedish manufacturing firms. Review of International Economics. 30 (3). 796-818.
Status: Publicerad -
Mutarindwa, S., Siraj, I., Stephan, A. (2021). Ownership and bank efficiency in Africa : True fixed effects stochastic frontier analysis. Journal of Financial Stability. 54.
Status: Publicerad -
Mutarindwa, S., Schäfer, D., Stephan, A. (2021). Differences in African banking systems : causes and consequences. Journal of Institutional Economics. 17 (4). 561-581.
Status: Publicerad -
Mutarindwa, S., Schäfer, D., Stephan, A. (2020). Central banks' supervisory guidance on corporate governance and bank stability : Evidence from African countries. Emerging Markets Review. 43.
Status: Publicerad -
Mutarindwa, S., Schafer, D., Stephan, A. (2020). The impact of liquidity and capital requirements on lending and stability of African banks. Journal of international financial markets, institutions, and money. 67. 1-20.
Status: Publicerad -
Wulandari, F., Schäfer, D., Stephan, A., Sun, C. (2018). The impact of liquidity risk on the yield spread of green bonds. Finance Research Letters. 27. 53-59.
Status: Publicerad -
Schäfer, D., Stephan, A., Solórzano Mosquera, J. (2017). Family ownership : Does it matter for funding and success of corporate innovations?. Small Business Economics. 48 (4). 931-951.
Status: Publicerad -
Schäfer, D., Stephan, A. (2017). Innovation and investment funding in the post-crisis period : have financing patterns and financial constraints of German firms changed?. Vierteljahrshefte zur Wirtschaftsforschung. 86 (1). 129-142.
Status: Publicerad -
Eickelpasch, A., Hirte, G., Stephan, A. (2016). Firms' evaluation of location quality : Evidence from East Germany. Jahrbücher für Nationalökonomie und Statistik. 236 (2). 241-273.
Status: Publicerad -
Baum, C., Schäfer, D., Stephan, A. (2016). Credit rating agency downgrades and the Eurozone sovereign debt crises. Journal of Financial Stability. 24. 117-131.
Status: Publicerad -
Gustafsson, A., Stephan, A., Hallman, A., Karlsson, N. (2016). The “sugar rush” from innovation subsidies : a robust political economy perspective. Empirica. 43 (4). 729-756.
Status: Publicerad -
Kemmerling, A., Stephan, A. (2015). Comparative political economy of regional transport infrastructure investment in Europe. Journal of comparative economics (Print). 43 (1). 227-239.
Status: Publicerad -
Kokert, M., Schäfer, D., Stephan, A. (2014). Low Base Interest Rates : An Opportunity in the Euro Debt Crisis. DIW Economic Bulletin. 4 (5). 3-13.
Status: Publicerad -
Stephan, A. (2014). Are public research spin-offs more innovative?. Small Business Economics. 43 (2). 353-368.
Status: Publicerad -
Kappeler, A., Solé-Ollé, A., Stephan, A., Välilä, T. (2013). Does fiscal decentralization foster regional investment in productive infrastructure?. European Journal of Political Economy. 31. 15-25.
Status: Publicerad -
Barasinska, N., Schäfer, D., Stephan, A. (2012). Individual risk attitudes and the composition of financial portfolios : Evidence from German household portfolios. Quarterly Review of Economics and Finance. 52 (1). 1-14.
Status: Publicerad -
Gammelgard, J., Mcdonald, F., Stephan, A., Tüselmann, H., Dörrenbächer, C. (2012). Characteristics of Low-Autonomy Foreign Subsidiaries : Value Chains, Staffing, and Intra-Organizational Relationships. Journal of International Business and Economics. 13 (1). 65-95.
Status: Publicerad -
Stephan, A., Tsapin, A., Talavera, O. (2012). Main Bank Power, Switching Costs, and Firm Performance : Theory and Evidence from Ukraine. Emerging markets finance & trade. 48 (2). 76-93.
Status: Publicerad -
Gantumur, T., Stephan, A. (2012). Mergers & acquisitions and innovation performance in the telecommunications equipment industry. Industrial and Corporate Change. 21 (2). 277-314.
Status: Publicerad -
Solé-Ollé, A., Stephan, A., Valilä, T. (2012). Productivity and Financing of Regional Transport Infrastructure. Papers in regional science (Print). 91 (3). 481-485.
Status: Publicerad -
Gammelgaard, J., Mcdonald, F., Stephan, A., Tüselmann, H., Dörrenbächer, C. (2012). The impact of increases in subsidiary autonomy and network relationships on performance. International Business Review. 21 (6). 1158-1172.
Status: Publicerad -
Stephan, A., Talavera, O., Tsapin, A. (2011). Corporate Debt Maturity Choice in Emerging Financial Markets. Quarterly Review of Economics and Finance. 51 (2). 141-151.
Status: Publicerad -
Stephan, A. (2011). Locational conditions and firm performance : introduction to the special issue. The annals of regional science. 46 (3). 487-494.
Status: Publicerad -
Stephan, A. (2011). Locational conditions and firm performance : introduction to the special issue. The annals of regional science. 46 (3). 487-494.
Status: Publicerad -
Stephan, A. (2011). Locational conditions and firm performance : introduction to the special issue. The annals of regional science. 46 (3). 487-494.
Status: Publicerad -
Lejpras, A., Stephan, A. (2011). Locational Conditions, Cooperation, and Innovativeness : Evidence from Research and Company Spin-Offs. The annals of regional science. 46 (3). 543-575.
Status: Publicerad -
Lejpras, A., Eickelpasch, A., Stephan, A. (2011). Locational and Internal Sources of Firm Competitive Advantage : Applying Porter’s Diamond Model at the Firm Level. Journal of Strategic Management Education. 7 (2). 1-25.
Status: Publicerad -
Finger, R., Stephan, A. (2010). Nichtparametrische 2-Stichproben Dispersionstests. Wirtschaftswissenschaftliches Studium. 39 (5). 254-256.
Status: Publicerad -
Stephan, A., Weiss, J. (2010). Regionale Innovationspolitik : Konzentration auf Hightech kann in die Irre führen. Wochenbericht des DIW Berlin. 77 (29). 8-11.
Status: Publicerad -
Barasinska, N., Schäfer, D., Stephan, A. (2009). Private Households Display Strong Aversion to Investment Risk. DIW Berlin Weekly Report. 5 (2). 13-18.
Status: Publicerad -
Gammelgaard, J., Mcdonald, F., Tüselmann, H., Dörrenbächer, C., Stephan, A. (2009). Subsidiary Role and Skilled Labour Effects in Small Developed Countries. Management International Review. 49. 27-42.
Status: Publicerad -
Baum, C.F., Stephan, A., Talavera, O. (2009). The Effects of Uncertainty on the Leverage of Non-Financial Firms. Economic Inquiry. 47 (2). 216-225.
Status: Publicerad -
Badunenko, O., Fritsch, M., Stephan, A. (2008). Allocative Efficiency Measurement Revisited : Do We Really Need Input Prices?. Economic Modelling. 25 (5). 1093-1109.
Status: Publicerad -
Barasinska, N., Schäfer, D., Stephan, A. (2008). Hohe Risikoaversion privater Haushalte bei Geldanlagen. Wochenbericht. 75 (45). 704-710.
Status: Publicerad -
Stephan, A., Tsapin, A. (2008). Persistence and Determinants of Firm Profit in Emerging Markets. Applied Economics Quarterly. 54 (4). 231-253.
Status: Publicerad -
Finger, R., Stephan, A. (2008). AusreißerRobuste Methoden in der linearen Regressionsanalyse. Wirtschaftswissenschaftliches Studium (WiSt). 37 (10). 555-557.
Status: Publicerad -
Baum, C.F., Caglayan, M., Stephan, A., Talavera, O. (2008). Uncertainty Determinants of Corporate Liquidity. Economic Modelling. 25 (5). 833-849.
Status: Publicerad -
Geppert, K., Stephan, A. (2008). Regional Disparities in the European Union : Convergence and Agglomeration. Papers in regional science (Print). 87 (2). 193-217.
Status: Publicerad -
Fritsch, M., Stephan, A. (2007). Die Heterogenität der Effizienz innerhalb von Branchen : eine Auswertung von Unternehmensdaten der Kostenstrukturerhebung im Verarbeitenden Gewerbe. Vierteljahrshefte zur Wirtschaftsforschung. 76 (3). 59-75.
Status: Publicerad -
Bitzer, J., Stephan, A. (2007). A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks. Applied Economics. 39 (2). 179-189.
Status: Publicerad -
Höhne, M., Kampe, C., Lejpras, A., Stephan, A. (2007). Beschäftigungsprognosen auf Basis amtlicher Firmendaten als Instrument einer handlungsorientierten Politikberatung am Beispiel Brandenburg. Quarterly Journal of Economic Research. 76 (3). 88-112.
Status: Publicerad -
Husmann, S., Stephan, A. (2007). On Estimating an Asset's Implicit Beta. Journal of futures markets. 27 (10). 961-979.
Status: Publicerad -
Stephan, A. (2007). Zur Politischen Ökonomie öffentlicher Infrastrukturausgaben. Perspektiven der Wirtschaftspolitik. 8 (suppl.). 116-132.
Status: Publicerad -
Stephan, A. (2007). Der Nutzen von Firmendaten für die wirtschaftspolitische Beratung. Quarterly Journal of Economic Research (Vierteljahrshefte zur Wirtschaftsforschung). 76 (3). 5-7.
Status: Publicerad -
Brueck, T., Stephan, A. (2006). Do Eurozone Countries Cheat with their Budget Deficit Forecasts?. Kyklos (Basel). 59 (1). 3-15.
Status: Publicerad -
Pohlmann, T., Stephan, A., Vecchi, M. (2006). Forschung und Entwicklung in den Wirtschaftssektoren Großbritanniens und Deutschlands. DIW Wochenbericht. 79 (9). 109-113.
Status: Publicerad -
Fritsch, M., Stephan, A. (2006). Measuring Performance Heterogeneity Within Groups : A Two-Dimensional Approach. Applied Economics Letters. 13 (1). 17-20.
Status: Publicerad -
Görzig, B., Kaminiarz, A., Stephan, A. (2005). Wie wirkt sich Outsourcing auf den Unternehmenserfolg aus? : Neue Evidenz. Schmollers Jahrbuch (Journal of Applied Social Science Studies). 125 (4). 489-507.
Status: Publicerad -
Fritsch, M., Stephan, A., Werwatz, A. (2005). Regional Innovation Policy. European Planning Studies. 13 (4). 495-496.
Status: Publicerad -
Görzig, B., Fritsch, M., Hennchen, O., Stephan, A. (2004). Cost Structure Surveys for Germany. Schmollers Jahrbuch/ Journal of Applied Social Science Studies. 124 (4). 557-566.
Status: Publicerad -
Soete, B., Stephan, A. (2004). Introduction : Entrepreneurship, Innovation and Growth. Industry and Innovation. 11 (3). 161-165.
Status: Publicerad -
Fritsch, M., Stephan, A., Werwatz, A. (2004). Regionalisierte Innovationspolitik sinnvoll. DIW Wochenbericht. 71 (27). 383-386.
Status: Publicerad -
Geppert, K., Gornig, M., Stephan, A. (2004). Regional Productivity Differences : Theoretical Predictions and Empirical Evidence from Western Europe. Scienze Regionali : Italian Journal of Regional Science. (1). 41-64.
Status: Publicerad -
Stephan, A. (2003). Assessing the Contribution of Public Capital to Private Production : Evidence from the German Manufacturing Sector. International review of applied economics. 17 (4). 399-418.
Status: Publicerad -
Soete, B., Stephan, A. (2003). Nachhaltiges Wachstum durch Innovationen : Die Rolle von kleineren und mittleren Unternehmen. DIW Wochenbericht. 70 (38). 569-573.
Status: Publicerad -
Kemmerling, A., Stephan, A. (2002). The Contribution of Local Public Infrastructure to Private Productivity and its Political Economy : Evidence from a Panel of Large German Cities. Public Choice. 113 (3-4). 403-424.
Status: Publicerad -
Stephan, A. (2001). The Contribution of Transport and Human Capital Infrastructure to Local Private Production : A Partial Adjustment Approach. Review of Regional Research (Jahrbuch für Regionalwissenschaft). 21 (1). 91-108.
Status: Publicerad -
Stephan, A. (2000). Regional Infrastructure Policy and its Impact on Productivity : A Comparison of Germany and France. Applied Economics Quarterly. 46. 327-356.
Status: Publicerad -
Stephan, A. (1998). Infrastruktur und Wachstum. WZB Mitteilungen. 79. 28-31.
Status: Publicerad
Artikel i tidskrift (Övrigt vetenskapligt)
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Frank, B., Kemfert, C., Stephan, A. (2004). Die Bedeutung der Juniorprofessur für den Wissenschaftsstandort Deutschland. DIW Wochenbericht. 71 (39). 567-574.
Status: Publicerad
Konferensbidrag (Övrigt vetenskapligt)
- Holgersson, T., Karlsson, P.S., Stephan, A. (2016). A risk perspective of estimating portfolio weights of the Global Minimum Variance portfolio. Presented at Statistischen Woche 2016, Augsburg, Germany, September 13-16, 2016.
- Kemmerling, A., Stephan, A. (2008). The Determinants and Productivity of Regional Transport Investment in Europe. Jahrestagung 2008 des Vereins für Socialpolitik Gesellschaft für Wirtschafts- und Sozialwissenschaften, Graz, Österreich 23-26 September 2008.
- Stephan, A., Zhang, Z. (2004). Cost Structure, Market Structure And Outsourcing. Royal Economic Society Annual Conference 2004.
Kapitel i bok, del av antologi (Övrigt vetenskapligt)
- Stephan, A. (2015). Financial crises and industrial development : The new Swedish model. A strong Europe - But only with a strong manufacturing sector : Policy concepts and instruments in ten EU member states. Duesseldorf, Schüren Verlag. 276-295.
- Mitze, T., Stephan, A. (2015). Simultaneous-equations analysis in regional science and economic geography. Handbook of research methods and applications in economic geography. Cheltenham, Edward Elgar Publishing. 158-171.
- Kemmerling, A., Stephan, A. (2010). The determinants of regional transport investment across Europe. The Political Economy of Inter-Regional Fiscal Flows : Measurement, Determinants and Effects on Country Stability. Cheltenham, UK, Edward Elgar Publishing. 276-296.
- Fritsch, M., Stephan, A. (2003). Die Heterogenität der technischen Effizienzen innerhalb von Wirtschaftszweigen : Auswertung auf Grundlage der Kostenstrukturerhebung des Statistischen Bundesamts. Analysen zur regionalen Industrieentwicklung : Sonderauswertung einzelbetrieblicher Daten der amtlichen Statistik. Berlin, FHTW.
Rapport (Övrigt vetenskapligt)
- Lööf, H., Stephan, A. (2019). The Impact of ESG on Stocks’ Downside Risk and Risk Adjusted Return. Östersund, Myndigheten för tillväxtpolitiska utvärderingar och analyser. 26.
- Wulandari, F., Schäfer, D., Stephan, A., Sun, C. (2018). Liquidity risk and yield spreads of green bonds. Berlin, DIW Berlin, German Institute for Economic Research. 22.
- Reifner, U., Neuberger, D., Clerc-Renaud, S., Zakaria, I., Schwizer, P., et al. (2016). Study on the remuneration provisions applicable to credit institutions and investment firms : Final Report. Hamburg, Institut für Finanzdienstleistungen.
- Lejpras, A., Stephan, A., Bartkowiak, I., Kampe, C., Höhne, M., et al. (2010). Innovationspotenzialanalyse : Stadt Luckenwalde. Berlin, DIW Berlin. 137.
- Vecchi, M., Stephan, A., Barrel, R., Becker, B., Schmidt-Ehmcke, J. (2007). The Determinants of Investment in Industrial Research and Development in the United Kingdom and in Germany. Berlin, Anglo-German Foundation. 44.
- Stäglin, R., Pfeiffer, I., Stephan, A. (2006). Die Bedeutung der Belastung der Wirtschaft durch amtliche Statistiken. Berlin, DIW. 171.
- Rammer, C., Stephan, A., Penzkofer, H., Grenzmann, C. (2004). FuE- und Innovationsverhalten von KMU und Grossunternehmen unter dem Einfluss der Konjunktur. Berlin, BMBF. 126.
- Görzig, B., Stephan, A. (2002). Outsourcing and Firm-level Performance. Berlin, DIW. 23.
Samlingsverk (redaktörskap) (Övrigt vetenskapligt)
- Solé-Ollé, A., Stephan, A., Valilä, T. (2012). Productivity and Financing of Regional Transport Infrastructure. Wiley-Blackwell.
- Stephan, A. (2011). Volume 46, issue 3, June 2011 : Locational conditions and firm performance. Berlin, Springer.
- Soete, B., Stephan, A. (2004). Industry and Innovation Vol. 11 Issue 3 : Entrepreneurship, Innovation and Growth. Carfax Publishing.
Artikel i tidskrift (Övrigt (populärvetenskap, debatt))
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Finnveden, G., Heshmati, A., Lööf, H., Stephan, A. (2022). Gruva i Kallak ingen hjälp för klimatet. Svenska Dagbladet.
Status: Publicerad -
Baum, C.F., Lööf, H., Stephan, A., Zimmermann, K.F. (2020). "Löneskillnader finns - men inte inom låglönesektorn". Dagens Nyheter.
Status: Publicerad -
Carlsson, G., Röös, E., Stephan, A., Tidåker, P., Witthöft, C.M. (2018). ”Ät hälften så mycket kött och mer ärtor och bönor”. Dagens Nyheter.
Status: Publicerad -
Feiz, R., Broström, A., Heshmati, A., Hultman, M., Johansson, N., et al. (2016). Avfall kan omvandlas till en ny resurs. Svenska Dagbladet.
Status: Publicerad -
Feiz, R., Broström, A., Heshmati, A., Hultman, M., Johansson, N., et al. (2016). Ojnareskogen en möjlighet för industrin. Svenska Dagbladet.
Status: Publicerad -
Eliasson, G., Finnveden, G., Heshmati, A., Hultkrantz, L., Lööf, H., et al. (2015). Ojnare kan bli ett svenskt exempel i FN. Dagens Opinion.
Status: Publicerad -
Heilemann, F., Stephan, A., Badunenko, O. (2009). Anreizregulierung mittels stochastischer Frontier Analyse : Potenzial fuer Fehleinschätzungen in Milliardenhöhe. Energiewirtschaftliche Tagesfragen. (1/2). 66-71.
Status: Publicerad
Övrigt (Övrigt (populärvetenskap, debatt))
- Kappeler, A., Solé Ollé, A., Stephan, A., Valilä, T. (2012). Fiskal-Föderalismus und regionale Infrastrukturinvestitionen.