Andreas Stephan
					
											Professor
					
											nationalekonomi
																
Nationalekonomi
																, Jönköping International Business School
					
											Professor
					
																					
CEnSE - Centrum för entreprenörskap och regional utveckling
																, Jönköping International Business School
Ekonomie Doktor
																					För en presentation av Andreas Stephan, se engelska presentationsidan.
Artikel
                                     Petreski, A.,              Schäfer, D.,              Stephan, A.          
  (2025).
  The reputation effect of repeated green-bond issuance and its impact on the cost of capital    Business Strategy and the Environment, 34(2), 2436-2448.
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                                     Mutarindwa, S.,              Schäfer, D.,              Stephan, A.          
  (2024).
  Certification against greenwashing in nascent bond markets: lessons from African ESG bonds    Eurasian Economic Review, 14, 149-173.
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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.
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                                     Sahamkhadam, M.,              Stephan, A.,              Östermark, R.          
  (2022).
  Copula-based Black–Litterman Portfolio Optimization    European Journal of Operational Research, 297(3), 1055-1070.
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                                     Mutarindwa, S.,              Siraj, I.,              Stephan, A.          
  (2021).
  Ownership and bank efficiency in Africa: True fixed effects stochastic frontier analysis    Journal of Financial Stability, 54.
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                                     Kärnä, A.,              Manduchi, A.,              Stephan, A.          
  (2021).
  Distance still matters: Local bank closures and credit availability    International Review of Finance, 21(4), 1503-1510.
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                                     Mutarindwa, S.,              Schäfer, D.,              Stephan, A.          
  (2021).
  Differences in African banking systems: causes and consequences    Journal of Institutional Economics, 17(4), 561-581.
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                                     Löffler, K.,              Petreski, A.,              Stephan, A.          
  (2021).
  Drivers of green bond issuance and new evidence on the “greenium”    Eurasian Economic Review, 11, 1-24.
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                                     Röös, E.,              Carlsson, G.,              Ferawati, F.,              Hefni, M.,              Stephan, A.,              Tidåker, P.,              Witthöft, C.          
  (2020).
  Less meat, more legumes: prospects and challenges in the transition toward sustainable diets in Sweden    Renewable Agriculture and Food Systems, 35(2), 192-205.
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                                     Holgersson, T.,              Karlsson, P.,              Stephan, A.          
  (2020).
  A risk perspective of estimating portfolio weights of the global minimum-variance portfolio    AStA Advances in Statistical Analysis, 104(1), 59-80.
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                                     Mutarindwa, S.,              Schäfer, 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.
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                                     Baum, C.,              Lööf, H.,              Stephan, A.,              Zimmermann, K.          
  (2020).
  "Löneskillnader finns – men inte inom låglönesektorn"    Dagens Nyheter.
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                                     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.
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                                     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.
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                                     Ghosal, V.,              Stephan, A.,              Weiss, J.          
  (2019).
  Decentralized environmental regulations and plant-level productivity    Business Strategy and the Environment, 28(6), 998-1011.
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                                     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.
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                                     Jensen, F.,              Stephan, A.          
  (2019).
  Financial constraints of firms with environmental innovation    Vierteljahrshefte zur Wirtschaftsforschung, 88(3), 43-65.
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                                     Carlsson, G.,              Röös, E.,              Stephan, A.,              Tidåker, P.,              Witthöft, C.          
  (2018).
  ”Ät hälften så mycket kött och mer ärtor och bönor”    Dagens Nyheter 2018-10-13      Stockholm: Dagens Nyheter     .
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                                     Sahamkhadam, M.,              Stephan, A.,              Östermark, R.          
  (2018).
  Portfolio optimization based on GARCH-EVT-Copula forecasting models    International Journal of Forecasting, 34(3), 497-506.
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                                     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.
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                                     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.
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                                     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.
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                                     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.
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                                     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.
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                                     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.
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                                     Baum, C.,              Schäfer, D.,              Stephan, A.          
  (2016).
  Credit rating agency downgrades and the Eurozone sovereign debt crises    Journal of Financial Stability, 24, 117-131.
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                                     Kemmerling, A.,              Stephan, A.          
  (2015).
  Comparative political economy of regional transport infrastructure investment in Europe    Journal of comparative economics (Print), 43(1), 227-239.
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                                     Kokert, M.,              Schäfer, D.,              Stephan, A.          
  (2014).
  Low Base Interest Rates: An Opportunity in the Euro Debt Crisis    DIW Economic Bulletin, 4(5), 1-13.
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                                     Kokert, M.,              Schäfer, D.,              Stephan, A.          
  (2014).
  Niedriger Leitzins: eine Chance in der Euro-Schuldenkrise    DIW Wochenbericht, 81(7), 115-126      Berlin    .
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                                     Stephan, A.          
  (2014).
  Are public research spin-offs more innovative?    Small Business Economics, 43(2), 353-368.
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                                     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.
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                                     Gantumur, T.,              Stephan, A.          
  (2012).
  Mergers & acquisitions and innovation performance in the telecommunications equipment industry    Industrial and Corporate Change, 21(2), 277-314.
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                                     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.
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                                     Solé-Ollé, A.,              Stephan, A.,              Valilä, T.          
  (2012).
  Productivity and Financing of Regional Transport Infrastructure    Papers in regional science (Print), 91(3), 481-485.
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                                     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.
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                                     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.
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                                     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.
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                                     Eickelpasch, A.,              Lejpras, 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.
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                                     Stephan, A.,              Tsapin, A.,              Talavera, O.          
  (2011).
  Corporate Debt Maturity Choice in Emerging Financial Markets    Quarterly Review of Economics and Finance, 51(2), 141-151.
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                                     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.
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                                     Stephan, A.          
  (2011).
  Locational conditions and firm performance: introduction to the special issue    The annals of regional science, 46(3), 487-494.
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                                     Stephan, A.,              Weiss, J.          
  (2010).
  Regionale Innovationspolitik: Konzentration auf Hightech kann in die Irre führen    Wochenbericht des DIW Berlin, 77(29), 8-11      Berlin: DIW Berlin     .
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                                     Finger, R.,              Stephan, A.          
  (2010).
  Nichtparametrische 2-Stichproben Dispersionstests    Wirtschaftswissenschaftliches Studium, 39(5), 254-256.
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                                     Baum, C.,              Stephan, A.,              Talavera, O.          
  (2009).
  The Effects of Uncertainty on the Leverage of Non-Financial Firms    Economic Inquiry, 47(2), 216-225.
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                                     Barasinska, N.,              Schäfer, D.,              Stephan, A.          
  (2009).
  Private Households Display Strong Aversion to Investment Risk    DIW Berlin Weekly Report, 5(2), 13-18.
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                                     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.
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                                     Heilemann, F.,              Stephan, A.,              Badunenko, O.          
  (2009).
  Anreizregulierung mittels stochastischer Frontier Analyse - Potenzial fuer Fehleinschätzungen in Milliardenhöhe    Energiewirtschaftliche Tagesfragen, 66-71      Duisburg: WAZ Druck     .
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                                     Finger, R.,              Stephan, A.          
  (2008).
  Robuste Methoden in der linearen Regressionsanalyse    Wirtschaftswissenschaftliches Studium (WiSt), Oktober(10), 555-557.
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                                     Baczko, T.,              Eickelpasch, A.,              Lejpras, A.,              Stephan, A.          
  (2008).
  Standortbedingungen in Ostdeutschland und Polen aus Sicht der Unternehmen    DIW Wochenbericht, 75(9), 91-98.
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                                     Geppert, K.,              Stephan, A.          
  (2008).
  Regional Disparities in the European Union: Convergence and Agglomeration    Papers in regional science (Print), 87(2), 193-217.
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                                     Baum, C.,              Caglayan, M.,              Stephan, A.,              Talavera, O.          
  (2008).
  Uncertainty Determinants of Corporate Liquidity    Economic Modelling, 25(5), 833-849.
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                                     Baczko, T.,              Eickelpasch, A.,              Lejpras, A.,              Stephan, A.          
  (2008).
  Location Conditions in East Germany and in Poland from the Point of View of the Companies    DIW: Weekly Report, 4(3), 14-20.
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                                     Badunenko, O.,              Fritsch, M.,              Stephan, A.          
  (2008).
  Allocative Efficiency Measurement Revisited: Do We Really Need Input Prices?    Economic Modelling, 25(5), 1093-1109.
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                                     Stephan, A.,              Barasinska, N.,              Schäfer, D.          
  (2008).
  Hohe Risikoaversion privater Haushalte bei Geldanlagen    Wochenbericht, 75(45), 704-710      Berlin: DIW     .
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                                     Stephan, A.,              Tsapin, A.          
  (2008).
  Persistence and Determinants of Firm Profit in Emerging Markets    Applied Economics Quarterly, 54(4), 231-253.
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                                     Fritsch, M.,              Stephan, A.          
  (2007).
  Die Heterogenität der Effizienz innerhalb von Branchen: eine Auswertung von Unternehmensdaten der Kostenstrukturerhebung im Verarbeitenden Gewerbe    Quarterly Journal of Economic Research (Vierteljahrshefte zur Wirtschaftsforschung), 76(3), 59-75.
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                                     Stephan, A.          
  (2007).
  Der Nutzen von Firmendaten für die wirtschaftspolitische Beratung    Quarterly Journal of Economic Research (Vierteljahrshefte zur Wirtschaftsforschung), 76(3), 5-7.
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                                     Bitzer, J.,              Stephan, A.          
  (2007).
  A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks    Applied Economics, 39(2), 179-189.
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                                     Husmann, S.,              Stephan, A.          
  (2007).
  On Estimating an Asset's Implicit Beta    Journal of futures markets, 27(10), 961-979.
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                                     Stephan, A.          
  (2007).
  Zur Politischen Ökonomie öffentlicher Infrastrukturausgaben    Perspektiven der Wirtschaftspolitik, 8(suppl.), 116-132.
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                                     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.
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                                     Pohlmann, T.,              Stephan, A.          
  (2006).
  Forschung und Entwicklung in den Wirtschaftssektoren Großbritanniens und Deutschlands    DIW Wochenbericht, 79(9), 109-113.
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                                     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.
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                                     Fritsch, M.,              Stephan, A.          
  (2006).
  Measuring Performance Heterogeneity Within Groups: A Two-Dimensional Approach    Applied Economics Letters, 13(1), 17-20.
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                                     Brueck, T.,              Stephan, A.          
  (2006).
  Do Eurozone Countries Cheat with their Budget Deficit Forecasts?    Kyklos (Basel), 59(1), 17-29.
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                                     Fritsch, M.,              Stephan, A.,              Werwatz, A.          
  (2005).
  Regional Innovation Policy (Editorial)    European Planning Studies, 13(4), 1123-.
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                                     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.
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                                     Fritsch, M.,              Stephan, A.,              Werwatz, A.          
  (2005).
  Regionalisierte Innovationspolitik sinnvoll    DIW Wochenbericht, 71(27), 383-386.
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                                     Fritsch, M.,              Stephan, A.          
  (2005).
  Regionalization of Innovation Policy: Introduction to the special issue    Research Policy, 34(8), 1123-1127.
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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.
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                                     Geppert, K.,              Gornig, M.,              Stephan, A.          
  (2004).
  Regional Productivity Differences: Theoretical Predictions and Empirical Evidence from Western Europe     Italian Journal of Regional Science, 41-64.
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                                     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.
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                                     Soete, B.,              Stephan, A.          
  (2004).
  Introduction: Entrepreneurship, Innovation and Growth    Industry and Innovation, 11(3), 161-165.
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                                     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.
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                                     Soete, B.,              Stephan, A.          
  (2003).
  Nachhaltiges Wachstum durch Innovationen: Die Rolle von kleineren und mittleren Unternehmen    DIW Wochenbericht, 70(38), 569-573      Berlin: DIW     .
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                                     Görzig, B.,              Hennchen, O.,              Stephan, A.          
  (2003).
  Produktionsauslagerung und Unternehmenserfolg    Wirtschaft und Statistik, 702-707.
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                                     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.
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                                     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.
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                                     Belitz, H.,              Fleischer, F.,              Stephan, A.          
  (2001).
  Staatliche Förderung von Forschung und Entwicklung in der ostdeutschen Wirtschaft: eine Bilanz    DIW Wochenbericht, 68, 537-544.
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                                     Stephan, A.          
  (2000).
  Regional Infrastructure Policy and its Impact on Productivity: A Comparison of Germany and France    Applied Economics Quarterly, 46, 327-356.
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                                     Stephan, A.          
  (1998).
  Infrastruktur und Wachstum    WZB Mitteilungen, 79, 28-31.
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Doktorsavhandling
                                    Stephan, A.          
  (2001).
  Essays on the Contribution of Public Infrastructure to Private Production and its Political Economy
  (Doctoral thesis).
  dissertation.de
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Antologibidrag
                                     Mitze, T.,              Stephan, A.          
  (2015).
  Simultaneous-equations analysis in regional science and economic geography.
      In:
    Charlie Karlsson, Martin Andersson, Therese Norman
    (Ed.),
    
    
         Handbook of research methods and applications in economic geography
          (pp. 158      -171).
    
          Cheltenham: Edward Elgar Publishing       
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                                     Stephan, A.          
  (2015).
  Financial crises and industrial development: The new Swedish model.
      In:
    Frank Gerlach, Marc Schietinger, Astrid Ziegler
    (Ed.),
    
    
         A strong Europe - But only with a strong manufacturing sector:
      Policy concepts and instruments in ten EU member states
          (pp. 276      -295).
    
          Duesseldorf: Schüren Verlag       
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                                     Kemmerling, A.,              Stephan, A.          
  (2010).
  The determinants of regional transport investment across Europe.
      In:
    Nuria Bosch / Marta Espasa / Albert Sole Olle
    (Ed.),
    
    
         The Political Economy of Inter-Regional Fiscal Flows:
      Measurement, Determinants and Effects on Country Stability
          (pp. 276      -296).
    
          Cheltenham, UK: Edward Elgar       
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                                     Bartkowiak, I.,              Stephan, A.          
  (2007).
  Innovationspolitik in Grossbritannien.
      In:
    
    
         Innovationspolitik:
      Wie kann Deutschland von anderen lernen?
          (pp. 103      -119).
    
          Marburg: Schüren Verlag       
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                                     Fritsch, M.,              Stephan, A.          
  (2003).
  Die Heterogenität der technischen Effizienzen innerhalb von Wirtschaftszweigen: Auswertung auf Grundlage der Kostenstrukturerhebung des Statistischen Bundesamts.
      In:
    
    
         Analysen zur regionalen Industrieentwicklung:
      Sonderauswertung einzelbetrieblicher Daten der amtlichen Statistik
    
          Berlin: FHTW       
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Recension
                                   Stephan, A.          
  (2012).
  The economics of transport: A theoretical and applied perspective – By Jonathan Cowie, with contributions from Stephen Ison, Tom Rye and Geoff Riddington.
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Konferensbidrag
                                   Petreski, A.,              Stephan, A.,              Österlund, U.          
  (2017).
  The impact of mandatory amortization of mortgage loans on the housing market.
  
        11th International Conference on Computational and Financial Econometrics (CFE), 2017, London, U.K..
  
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                                   Stephan, A.,              Petreski, A.          
  (2017).
  Spatial dimension of the credit risk: spatial filter approach.
  
        6th Malmö Real Estate Research Conference, May 18th - 19th, 2017, Malmö, Sweden.
  
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                                   Inwinkl, P.,              Stephan, A.,              Piwonska, A.          
  (2012).
  Information asymmetry and corporate governance effectiveness - A theoretical framework for comparative studies on corporate governance in EU.
  
        14th Annual Conference on European Integration Swedish Network for European Studies in Economics and Business (SNEE) May 22-25, 2012, Mölle Sweden.
  
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                                   Inwinkl, P.,              Piwonska, A.,              Stephan, A.          
  (2012).
  Corporate governance and information asymmetry in an informational environment context.
  
        The Ratio Colloquium for Young Social Scientists 2012 Stockholm, August 9-11, 2012.
  
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                                   Inwinkl, P.,              Piwonska, A.,              Stephan, A.          
  (2012).
  Corporate governance and information asymmetry in an informational environment context.
  
        4th Annual Nordic Corporate Governance Network Conference, June 15th 2012, Reykjavik University, Iceland.
  
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                                   Inwinkl, P.,              Piwonska, A.,              Stephan, A.          
  (2012).
  Corporate governance effectiveness and information asymmetry.
  
        European Association of Law and Economics 29th Annual Conference Stockholm, September 2012.
  
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                                   Stephan, A.          
  (2009).
  The role of local milieu for innovations and internationalization of firms: Evidence from East Germany.
  
        12th Uddevalla Symposium in Bari, Italy.
  
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                                   Gammelgard, J.,              Stephan, A.,              McDonald, F.,              Tueselmann, H.,              Doerrenbacher, C.          
  (2009).
  The impact of changes in subsidiary autonomy and network relationships on performance.
  
        35th EIBA conference, Valencia, Spain, December 13-15, 2009.
  
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                                   Stephan, A.,              Tsapin, A.,              Talavera, O.          
  (2009).
  Main bank power, switching costs, and firm performance.
  
        Conferences on Intelligent Computer Mathematics CICM 2009, 6 July - 12 July 2009, Grand Bend Ontario Canada.
  
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                                   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.
  
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                                   Stephan, A.,              Zhang, Z.          
  (2004).
  Cost Structure, Market Structure And Outsourcing.
  
        Jahrestagung 2008 des Vereins für Socialpolitik Gesellschaft für Wirtschafts- und Sozialwissenschaften, Graz, Österreich 23-26 September 2008.
  
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Övrigt
                                   Kappeler, A.,              Solé Ollé, A.,              Stephan, A.,              Valilä, T.          
  (2012).
  Fiskal-Föderalismus und regionale Infrastrukturinvestitionen.
  
      Zuerich, Switzerland
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                                   Mutarindwa, S.,              Schäfer, D.,              Stephan, A.          
  .
  The impact of institutions and supervisory guidance on bank governance and stability: Evidence from African countries.
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                                   Manduchi, A.,              Petreski, A.,              Stephan, A.          
  .
  Market for Apartment Swap and Rental Market.
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Rapport
                                   Petreski, A.,              Schäfer, D.,              Stephan, A.          
  (2022).
  Green bonds’ reputation effect and its impact on the financing costs of the real estate sector.
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                                   Lööf, H.,              Sahamkhadam, M.,              Stephan, A.          
  (2021).
  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.
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                                   Sahamkhadam, M.,              Stephan, A.,              Östermark, R.          
  (2020).
  Copula-based Black-Litterman portfolio optimization.
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                                   Baum, C.,              Lööf, H.,              Stephan, A.          
  (2020).
  Occupational sorting and wage gaps of refugees.
  
      London:
      Centre for Economic Policy Research
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                                   Mutarindwa, S.,              Schäfer, D.,              Stephan, A.          
  (2020).
  Legal History, Institutions and Banking System Development in Africa.
  
      Essen:
      Global Labor Organization (GLO)
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                                   Gustafsson, A.,              Stephan, A.          
  (2019).
  Does the countryside lack cash (funding)?: The impact of public bank loans on firm growth and its dependence on location.
  
      Östersund:
      The Swedish Agency for Growth Policy Analysis
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                                   Lööf, H.,              Stephan, A.          
  (2019).
  The Impact of ESG on Stocks’ Downside Risk and Risk Adjusted Return.
  
      Östersund:
      Myndigheten för tillväxtpolitiska utvärderingar och analyser
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                                   Gustafsson, A.,              Manduchi, A.,              Stephan, A.          
  (2019).
  Do local bank branches reduce SME credit constraints? Evidence from public-private bank interaction.
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                                   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
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                                   Mutarindwa, S.,              Schäfer, D.,              Stephan, A.          
  (2018).
  The Impact of Institutions on Bank Governance and Stability: Evidence from African Countries.
  
      Berlin:
      DIW
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                                   Lööf, H.,              Stephan, A.,              Wulandari, F.          
  (2018).
  New ventures in Cleantech: opportunities, capabilities and innovation outcomes.
  
      Stockholm:
      CESIS, Royal Institute of Technology
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                                   Baum, C.,              Lööf, H.,              Perez, L.,              Stephan, A.          
  (2018).
  Offshoring and Innovation Capabilities: Evidence from Swedish Manufacturing.
  
      Stockholm:
      CESIS, Royal Institute of Technology
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                                   Baum, C.,              Lööf, H.,              Stephan, A.,              Viklund-Ros, I.          
  (2018).
  Outside Board Directors and Start-Up Firms’ Innovation.
  
      Stockholm:
      CESIS, Royal Institute of Technology
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                                   Schäfer, D.,              Stephan, A.,              Khanh, T.          
  (2017).
  The cost channel effect of monetary transmission: How effective is the ECB's low interest rate policy for increasing inflation?.
  
      Berlin:
      DIW Berlin, German Institute for Economic Research
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                                     Reifner, U.
                Neuberger, D.
                Clerc-Renaud, S.
                Zakaria, I.
                Schwizer, P.
                Nastansky, A.
            , ... Rissi R.
    
  (2016).
  Study on the remuneration provisions applicable to credit institutions and investment firms: Final Report.
  
      Hamburg:
      Institut für Finanzdienstleistungen
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                                   Schäfer, D.,              Stephan, A.,              Solórzano Mosquera, J.          
  (2015).
  Innovation Capabilities and Financing Constraints of Family Firms.
  
      Berlin:
      DIW
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                                   Baum, C.,              Lööf, H.,              Nabavi, P.,              Stephan, A.          
  (2015).
  A New Approach to Estimation of the R&D-Innovation-Productivity Relationship.
  
      Stockholm:
      KTH Royal Institute of Technology
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                                   Eickelpasch, A.,              Hirte, G.,              Stephan, A.          
  (2015).
  Firms' evaluation of location quality: Evidence from East Germany.
  
      Berlin:
      DIW Berlin
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                                   Baum, C.,              Karpava, M.,              Schäfer, D.,              Stephan, A.          
  (2014).
  Credit Rating Agency Downgrades and the Eurozone Sovereign Debt Crises.
  
      Berlin:
      DIW
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                                   Hirte, G.,              Stephan, A.          
  (2014).
  Regionale Beschäftigungswirkungen von öffentlichen Investitionen in Strassen- und Schieneninfrastruktur.
  
      Dresden
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                                   Baum, C.,              Karpava, M.,              Schäfer, D.,              Stephan, A.          
  (2014).
  Credit rating agency downgrades and the Eurozone sovereign debt crises.
  
      Warsaw:
      Economic Institute
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                                   Ghosal, V.,              Stephan, A.,              Weiss, J.          
  (2014).
  Decentralized Regulation, Environmental Efficiency and Productivity.
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                                   Baum, C.,              Karpava, M.,              Schäfer, D.,              Stephan, A.          
  (2013).
  Credit rating agency announcements and the Eurozone sovereign debt crisis.
  
      Berlin:
      DIW Berlin
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                                   Stephan, A.          
  (2012).
  Are Research Spin-Offs More Innovative? Evidence from a Matching Analysis.
  
      Stockholm:
      KTH Royal Institute of Technology
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                                   Lejpras, A.,              Stephan, A.,              Bartkowiak, I.,              Kampe, C.,              Höhne, M.,              Weiss, J.          
  (2010).
  Innovationspotenzialanalyse: Stadt Luckenwalde.
  
      Berlin:
      DIW Berlin
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                                   Gantumur, T.,              Stephan, A.          
  (2010).
  Do External Technology Acquisitions Matter For Innovative Efficiency and Productivity?.
  
      Stockholm:
      Royal Institute of Technology, CESIS
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                                   Eickelpasch, A.,              Lejpras, A.,              Stephan, A.          
  (2010).
  Locational and Internal Sources of Firm Competitive Advantage: Applying Porter’s Diamond Model at the Firm Level.
  
      Jönköping
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                                   Stephan, A.,              Tsapin, A.,              Talavera, O.          
  (2009).
  Why Do Firms Switch Their Main Bank? Theory and Evidence from Ukraine.
  
      Berlin:
      DIW
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                                   Lejpras, A.,              Stephan, A.          
  (2008).
  Locational Conditions, Cooperation, and Innovativeness: Evidence from Research and Company Spin-Offs.
  
      Berlin:
      DIW
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                                   Barasinska, N.,              Schäfer, D.,              Stephan, A.          
  (2008).
  Financial Risk Aversion and Household Asset Diversification.
  
      Berlin:
      DIW
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                                   Kemmerling, A.,              Stephan, A.          
  (2008).
  The politico-economic determinants and productivity effects of regional transport investment in Europe.
  
      Luxembourg:
      EIB
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                                   Badunenko, O.,              Fritsch, M.,              Stephan, A.          
  (2008).
  What Drives the Productive Efficiency of a Firm?: the importance of industry, location, R&D, and size.
  
      Stockholm:
      Royal Institute of Technology, CESIS
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                                   Badunenko, O.,              Fritsch, M.,              Stephan, A.          
  (2008).
  What Drives the Productive Efficiency of a Firm?: the importance of industry, location, R&D, and size.
  
      Berlin:
      DIW
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                                   Stephan, A.,              Talavera, O.,              Tsapin, A.          
  (2008).
  Corporate Debt Maturity Choice in Transition Financial Markets.
  
      Stockholm:
      Royal Institute of Technology, CESIS
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                                   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
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                                   Eickelpasch, A.,              Lejpras, A.,              Stephan, A.          
  (2007).
  Hard and Soft Locational Factors, Innovativeness and Firm Performance: An Empirical Test of Porter's Diamond Model at the Micro-Level.
  
      Berling:
      DIW
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                                   Gantumur, T.,              Stephan, A.          
  (2007).
  Mergers & Acquisitions and Innovation Performance in the Telecommunications Equipment Industry.
  
      Berlin:
      DIW
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                                   Stäglin, R.,              Pfeiffer, I.,              Stephan, A.          
  (2006).
  Die Bedeutung der Belastung der Wirtschaft durch amtliche Statistiken.
  
      Berlin:
      DIW
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                                   Rammer, C.,              Stephan, A.,              Penzkofer, H.,              Grenzmann, C.          
  (2004).
  FuE- und Innovationsverhalten von KMU und Grossunternehmen unter dem Einfluss der Konjunktur.
  
      Berlin:
      BMBF
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                                   Fritsch, M.,              Stephan, A.          
  (2004).
  What Causes Cross-Industry Differences of Technical Efficiency?: An Empirical Investigation.
  
      Berlin:
      DIW
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                                   Fritsch, A.,              Stephan, A.          
  (2004).
  The Distribution and Heterogeneity of Technical Efficiency within Industries: An Empirical Assessment.
  
      Berlin:
      DIW
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                                   Geppert, K.,              Gornig, M.,              Stephan, A.          
  (2003).
  Productivity Differences in the European Union: National, Regional and Spatial Effects.
  
      Berlin:
      German Institute for Economic Research
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                                   Görzig, B.,              Stephan, A.          
  (2002).
  Outsourcing and Firm-level Performance.
  
      Berlin:
      DIW
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                                   Kemmerling, A.,              Stephan, A.          
  (2000).
  Political Economy of Infrastructure Investment Allocation: Evidence from a Panel of Large German Cities.
  
      Berlin:
      Wissenschaftszentrum
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                                   Kemmerling, A.,              Stephan, A.          
  (2000).
  Political Economy of Infrastructure Investment Allocation: Evidence from a Panel of Large German Cities.
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                                   Cadot, O.,              Röller, L.,              Stephan, A.          
  (1999).
  A Political Economy Model of Infrastructure Allocation: An Empirical Assessment.
  
      London:
      Centre for Economic Policy Research
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                                   Stephan, A.          
  (1997).
  The Impact of Road Infrastructure on Productivity and Growth: Some Preliminary Results for the German Manufacturing Sector.
  
      Berlin:
      Wissenschaftszentrum
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                                   Stephan, A.          
  (1997).
  The Impact of Road Infrastructure on Productivity and Growth: Some Preliminary Results for the German Manufacturing Sector.
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Samlingsverk
                               
  (2012).
  Special issue of Papers in Regional Science: Productivity and Financing of Regional Transport Infrastructure.
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  (2011).
  Special issue: Locational conditions and firm performance.
  
      Berlin:
      Springer
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  (2007).
  Firmendaten: Nuetzlich fuer die wissenschaftliche Politikberatung?.
  
      Berlin:
      Duncker & Humblot
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  (2005).
  European Planning Studies Vol. 13 Issue 4: Regional Innovation Policy.
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  (2005).
  Research Policy Vol. 34 Issue 8: Regionalization of Innovation Policy.
  
      Amsterdam:
      Elsevier
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  (2004).
  Industry and Innovation Vol. 11 Issue 3: Entrepreneurship, Innovation and Growth.
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