Dennis Hutschenreiter, PhD

Dennis Hutschenreiter, PhD
Current Position

since 6/22

Economist in the Department of Financial Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • financial markets and the real economy
  • innovation and technology policy
  • corporate governance

Dennis Hutschenreiter joined the Department of Financial Markets in June 2022. His research focuses on the impact of financial markets on the real economy. In particular, he explores the effect of institutional investors on managerial decision-making regarding innovation and the market for technology.

Dennis Hutschenreiter received his bachelor's and his master's degree from University of Cologne and his PhD degree from Autonomous University of Barcelona and Barcelona School of Economics.

Your contact

Dennis Hutschenreiter, PhD
Dennis Hutschenreiter, PhD
- Department Financial Markets
Send Message +49 345 7753-839

Publications

Citations
4

Working Papers

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From Rivals to Allies? CEO Connections in an Era of Common Ownership

Dennis Hutschenreiter Qianshuo Liu

in: IWH Discussion Papers, No. 7, 2025

Abstract

<p>Institutional common ownership of firm pairs in the same industry increases the likelihood of a preexisting social connection among their CEOs. We establish this relationship using a quasi-natural experiment that exploits institutional mergers combined with firms’ hiring events and detailed information on CEO biographies. In addition, for peer firms, gaining a CEO connection from a hiring firm’s CEO appointment correlates with higher returns on assets, stock market returns, and decreasing product similarity between companies. We find evidence consistent with common owners allocating CEO connections to shape managerial decisionmaking and increase portfolio firms’ performance.</p>

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From Shares to Machines: How Common Ownership Drives Automation

Joseph Emmens Dennis Hutschenreiter Stefano Manfredonia Felix Noth Tommaso Santini

in: IWH Discussion Papers, No. 23, 2024

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