Dr Stephan Jank presents his research at New Year reception
On the evening of Friday, January 16, 2015, Frankfurt School of Finance & Management hosted the annual New Year reception – a perfect opportunity for current and former committee members, members of the alumni associations’ executive committees, members of the Executive Board and faculty, and Friends and supporters of Frankfurt School, to drink a toast to a happy and successful New Year.
In his opening address, Professor Dr Udo Steffens, President of Frankfurt School, recapped the highlights of the past 12 months, including two international accreditations, excellent results in the Handelsblatt research rankings published in December 2014, and the launch of a full-time MBA programme. The new building project is also making progress – the halls of residence are already open and the foundation stone of the main part of the campus is due to be laid this spring.
As a matter of fact, Frankfurt School has made meteoric progress over the last few years. Professor Steffens recalled the sceptical voices initially opposing the idea of transforming HfB into a business school. And yet the decision to invest in the institution and restructure it as a business school turned out – even in retrospect – to be a wise one. “We have achieved so much,” asserted Professor Steffens, “and I am so pleased by the strong sense of unity I always encounter when I walk around the campus.”
That this feeling of togetherness persists even after students have graduated from Frankfurt School is clearly illustrated by the generous donation made by FS Alumni e.V., which was duly presented by the association’s executive committee. FS Alumni e.V. donated EUR 17,525.28 for funding research projects, and on behalf of the entire membership Oliver Kopp, Chairman, and Shari Wolf, Deputy Chair, presented a symbolic cheque to Professor Steffens, who responded with heartfelt thanks. He went on to describe the many different ways in which alumni support Frankfurt School – by sponsoring student scholarships under the Deutschlandstipendium programme, for example, or by supporting the library or funding academic research. Professor Steffens concluded his speech by saying: “I am so grateful for the wonderful support we are given by our alumni, our two alumni associations, the City of Frankfurt, and of course our Friends and sponsors.”
He then handed over to the guest speaker, Dr Stephan Jank, Lecturer in Finance at Frankfurt School.
In his presentation, Dr Jank discussed the Value Premium in terms of the interaction between human capital and investment decisions, explaining that despite higher returns, investors tend to avoid buying value stocks because the latter correlate with their own human capital. The lively discussion continued after the lecture while guests enjoyed drinks and finger food.