Laudi, M., Smeets, PaulM. and Weitzel, U. (2026). Do Financial Advisors Charge Sustainable Investors a Premium? Management Science.
Utz Weitzel
University
Vrije Universiteit Amsterdam
E-mail
Research field
Accounting and Finance
Interests
Behavioral Finance, Corporate Finance, Field Experiments, Finance, Networks
Website
Biography
Utz Weitzel is Professor of Experimental Finance at the VU Amsterdam and at Radboud University. Previously he was Professor of Finance at Utrecht University. He received a PhD from the Humboldt-University Berlin, was a post-doc at the J.L. Kellogg Graduate School of Management, and a Research Fellow at the Max Planck Institute of Economics. He is director of the Society for Experimental Finance. His research focuses on experimental finance/economics and behavioral finance.
Key publications
Pérignon, C., Akmansoy, O., Hurlin, C., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Menkveld, AlbertJ., Razen, M. and Weitzel, U. (2024). Computational Reproducibility in Finance: Evidence from 1,000 Tests Review of Financial Studies, 37(11):3558--3593.
Menkveld, AlbertJ., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neususs, S., Razen, M., Weitzel, U., Abad-Diaz, D., Abudy, M., Adrian, T., Ait-Sahalia, Y., Akmansoy, O., Alcock, JamieT., Alexeev, V., Aloosh, A., Amato, L., Amaya, D., Angel, JamesJ., Avetikian, AlejandroT., Bach, A., Baidoo, E., Bakalli, G., Bao, L., Barbon, A., Bashchenko, O., Bindra, ParampreetC., Bjønnes, GeirH., Black, JeffreyR., Black, BernhardS., Bogoev, D., Bohorquez Correa, S., Bondarenko, O., Bos, CharlesS., Bosch-Rosa, C., Bouri, E., Brownlees, C., Calamia, A., Cao, V.N., Capelle-Blancard, G., Capera Romero, LauraM., Mazzola, F., van Dijk, M., Verwijmeren, P., Vogel, S., Wagner, W., van der Wel, M., Yang, A. and Zhou, C. (2024). Nonstandard Errors The Journal of Finance, 79(3):2339--2390.
Weitzel, U. and Kirchler, M. (2023). The Banker's oath and financial advice Journal of Banking and Finance, 148(March):1--14.
Holzmeister, F., Huber, J., Kirchler, M., Lindner, F., Weitzel, U. and Zeisberger, S. (2020). What drives risk perception? A global survey with financial professionals and laypeople Management Science, 66(9):3977--4002.
Weitzel, U., Huber, C., Huber, J., Kirchler, M., Lindner, F. and Rose, J. (2020). Bubbles and financial professionals Review of Financial Studies, 33(6):2659--2696.
Kirchler, M., Lindner, F. and Weitzel, U. (2020). Delegated investment decisions and rankings Journal of Banking and Finance, 120:1--10.
Westbrock, B., Muehlfeld, K. and Weitzel, U. (2019). Selecting Legal Advisors in M&As: Organizational Learning and the Role of Multiplicity of Mental Models Journal of Management, 45(5):2193--2224.
Rigtering, J.P.C.(Coen), Weitzel, U. and Muehlfeld, K.(Katrin) (2019). Increasing quantity without compromising quality: How managerial framing affects intrapreneurship Journal of Business Venturing, 34(2):224--241.
Kirchler, M., Lindner, F. and Weitzel, U. (2018). Rankings and Risk-Taking in the Finance Industry The Journal of Finance, 73(5):2271--2302.
Rosenkranz, S. and Weitzel, U. (2012). Network structure and strategic investments: An experimental analysis Games and Economic Behavior, 75(2):898--920.
Weitzel, U. and Berns, S. (2006). Cross-border takeovers, corruption, and related aspects of governance Journal of International Business Studies, 37(6):786--806.
Publications
Laudi, M., Smeets, PaulM. and Weitzel, U. (2026). Do Financial Advisors Charge Sustainable Investors a Premium? Management Science.
Menkveld, AlbertJ., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neususs, S., Razen, M., Weitzel, U., Abad-Diaz, D., Abudy, M., Adrian, T., Ait-Sahalia, Y., Akmansoy, O., Alcock, JamieT., Alexeev, V., Aloosh, A., Amato, L., Amaya, D., Angel, JamesJ., Avetikian, AlejandroT., Bach, A., Baidoo, E., Bakalli, G., Bao, L., Barbon, A., Bashchenko, O., Bindra, ParampreetC., Bjønnes, GeirH., Black, JeffreyR., Black, BernhardS., Bogoev, D., Bohorquez Correa, S., Bondarenko, O., Bos, CharlesS., Bosch-Rosa, C., Bouri, E., Brownlees, C., Calamia, A., Cao, V.N., Capelle-Blancard, G., Capera Romero, LauraM., Mazzola, F., van Dijk, M., Verwijmeren, P., Vogel, S., Wagner, W., van der Wel, M., Yang, A. and Zhou, C. (2024). Nonstandard Errors The Journal of Finance, 79(3):2339--2390.
Pérignon, C., Akmansoy, O., Hurlin, C., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Menkveld, AlbertJ., Razen, M. and Weitzel, U. (2024). Computational Reproducibility in Finance: Evidence from 1,000 Tests Review of Financial Studies, 37(11):3558--3593.
Rezaei, S., Rosenkranz, S., Weitzel, U. and Westbrock, B. (2024). Social preferences on networks Journal of Public Economics, 234.
Weitzel, U. and Kirchler, M. (2023). The Banker's oath and financial advice Journal of Banking and Finance, 148(March):1--14.
Lindner, F., Kirchler, M., Rosenkranz, S. and Weitzel, U. (2021). Social Motives and Risk-Taking in Investment Decisions Journal of Economic Dynamics and Control, 127:1--16.
Holzmeister, F., Huber, J., Kirchler, M., Lindner, F., Weitzel, U. and Zeisberger, S. (2020). What drives risk perception? A global survey with financial professionals and laypeople Management Science, 66(9):3977--4002.
Schwaiger, R., Kirchler, M., Lindner, F. and Weitzel, U. (2020). Determinants of investor expectations and satisfaction. A study with financial professionals Journal of Economic Dynamics and Control, 110:1--18.
Janssen, D.J., Li, J., Qiu, J. and Weitzel, U. (2020). The disposition effect and underreaction to private information Journal of Economic Dynamics and Control, 113:1--28.
Kirchler, M., Lindner, F. and Weitzel, U. (2020). Delegated investment decisions and rankings Journal of Banking and Finance, 120:1--10.
Weitzel, U., Huber, C., Huber, J., Kirchler, M., Lindner, F. and Rose, J. (2020). Bubbles and financial professionals Review of Financial Studies, 33(6):2659--2696.
Westbrock, B., Muehlfeld, K. and Weitzel, U. (2019). Selecting Legal Advisors in M&As: Organizational Learning and the Role of Multiplicity of Mental Models Journal of Management, 45(5):2193--2224.
Heinicke, F., Rosenkranz, S. and Weitzel, U. (2019). The effect of pledges on the distribution of lying behavior: An online experiment Journal of Economic Psychology, 73:136--151.
Füllbrunn, S., Janssen, D.J. and Weitzel, U. (2019). Risk aversion and overbidding in first price sealed bid auctions.: New experimental evidence Economic Inquiry, 57(1):631--647.
Rigtering, J.P.C.(Coen), Weitzel, U. and Muehlfeld, K.(Katrin) (2019). Increasing quantity without compromising quality: How managerial framing affects intrapreneurship Journal of Business Venturing, 34(2):224--241.
Weitzel, U. and Kling, G. (2018). Sold Below Value? Why Takeover Offers Can Have Negative Premiums Financial Management, 47(2):421--450.
Kirchler, M., Lindner, F. and Weitzel, U. (2018). Rankings and Risk-Taking in the Finance Industry The Journal of Finance, 73(5):2271--2302.
Danakol, S.H., Estrin, S., Reynolds, P. and Weitzel, U. (2017). Foreign direct investment via M&A and domestic entrepreneurship: blessing or curse? Small Business Economics, 48(3):599--612.
Goyal, S., Rosenkranz, S., Weitzel, U. and Buskens, V. (2017). Information Acquisition and Exchange in Social Networks Economic Journal, 127(606):2302--2331.
Fairley, K., Sanfey, A., Vyrastekova, J. and Weitzel, U. (2016). Trust and risk revisited Journal of Economic Psychology, 57:74--85.
Qiu, J. and Weitzel, U. (2016). Experimental evidence on valuation with multiple priors Journal of Risk and Uncertainty, 53(1):55--74.
Weitzel, U., Kling, G. and Gerritsen, D. (2014). Testing the fire-sale FDI hypothesis for the European financial crisis Journal of International Money and Finance, 49(PB):211--234.
Füllbrunn, S., Rau, HolgerA. and Weitzel, U. (2014). Does ambiguity aversion survive in experimental asset markets? Journal of Economic Behavior and Organization, 107(PB):810--826.
Muehlfeld, K., Weitzel, U. and van Witteloostuijn, A. (2013). Fight or freeze? Individual differences in investors' motivational systems and trading in experimental asset markets Journal of Economic Psychology, 34:195--209.
Rosenkranz, S. and Weitzel, U. (2012). Network structure and strategic investments: An experimental analysis Games and Economic Behavior, 75(2):898--920.
Urbig, D., Weitzel, U., Rosenkranz, S. and Witteloostuijn, A.V. (2012). Exploiting opportunities at all cost? Entrepreneurial intent and externalities Journal of Economic Psychology, 33(2):379--393.
Weitzel, U., Urbig, D., Desai, S., Sanders, M. and Acs, Z. (2010). The good, the bad, and the talented: Entrepreneurial talent and selfish behavior Journal of Economic Behavior and Organization, 76(1):64--81.
Weitzel, U. and Berns, S. (2006). Cross-border takeovers, corruption, and related aspects of governance Journal of International Business Studies, 37(6):786--806.