
Finance Department
A leading centre for finance research in Germany
The emphasis in research and teaching is in the areas of Banking, Corporate Finance, Risk Management, Financial Regulation, and Asset Management. Members of the finance department regularly publish in leading finance journals, including the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics, and they frequently present their research at leading international finance conferences.
HEAD OF FINANCE DEPARTMENT
Ulf Moslener
Professor für Sustainable Energy Finance
+49 69 154008-831
u.moslener@fs.de

Faculty
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Doctoral Students
Jonas Camargos Jensen
Daniil Gerchik
Ixart Miquel Flores
Felix Martini
Giorgio Mondini
Sophie-Dorothee Rotermund
Vittorio Maria Ruffo
Robin Schaal
Jana-Lynn Schuster
Cevher Berat Telkök
Affiliated Department Members
Falko Fecht
Wolfgang Reittinger
Uwe Wystup
Finance Seminars

ACADEMIC PROGRAMMES
Explore academic programmes offered by faculty from the Finance Department.
Master of Finance
Master in Financial Technology
Master in Real Estate
Master of Leadership in Sustainable Finance (Online)
Doctoral (Finance)
Research Centres
Blockchain Center
The Frankfurt School Blockchain Center (FSBC) is a think tank and research center focused primarily on investigating the implications of blockchain technology.
Centre for Central Banking
The Centre for Central Banking (CFCB) fosters research and best practices in central banking.
Centre for European Transformation
The Centre for European Transformation (CfET) powers excellence across all areas of scholarship crucial for advancing Europe's sustainable transformation.
Real Estate Institute
The Frankfurt School Real Estate Institute (FS REI) is a centre of excellence for real estate and finance studies, research and impact events with international appeal.
Frankfurt School–UNEP Collaborating Centre for Climate & Sustainable Energy Finance
The FS-UNEP Centre works towards sourcing and directing funding flows to critical projects that make long-lasting impacts and offer compelling net benefits
Research Centres
Blockchain Center
The Frankfurt School Blockchain Center (FSBC) is a think tank and research center focused primarily on investigating the implications of blockchain technology.
Centre for Central Banking
The Centre for Central Banking (CFCB) fosters research and best practices in central banking.
Centre for European Transformation
The Centre for European Transformation (CfET) powers excellence across all areas of scholarship crucial for advancing Europe's sustainable transformation.
Real Estate Institute
The Frankfurt School Real Estate Institute (FS REI) is a centre of excellence for real estate and finance studies, research and impact events with international appeal.
Frankfurt School–UNEP Collaborating Centre for Climate & Sustainable Energy Finance
The FS-UNEP Centre works towards sourcing and directing funding flows to critical projects that make long-lasting impacts and offer compelling net benefits
Research Centres
Blockchain Center
The Frankfurt School Blockchain Center (FSBC) is a think tank and research center focused primarily on investigating the implications of blockchain technology.
Centre for Central Banking
The Centre for Central Banking (CFCB) fosters research and best practices in central banking.
Centre for European Transformation
The Centre for European Transformation (CfET) powers excellence across all areas of scholarship crucial for advancing Europe's sustainable transformation.
Real Estate Institute
The Frankfurt School Real Estate Institute (FS REI) is a centre of excellence for real estate and finance studies, research and impact events with international appeal.
Frankfurt School–UNEP Collaborating Centre for Climate & Sustainable Energy Finance
The FS-UNEP Centre works towards sourcing and directing funding flows to critical projects that make long-lasting impacts and offer compelling net benefits
Selected Publications
- Mönch, E., Soofi-Siavash, S., 2022. What Moves Treasury Yields?, Journal of Financial Economics. (forthcoming)
- Chabi-Yo, F., Dim, C., Vilkov, G., 2022. Generalized Bounds on the Conditional Expected Excess Return on Individual Stocks, Management Science. (forthcoming)
- Berg, T., Reisinger, M., Streitz, D., 2021. Spillover Effects in Empirical Corporate Finance, Journal of Financial Economics Vol. 142, S. 1109-1127.
- Berg, T., Saunders, A., Schäfer, L., Steffen, S., 2021. Brexit and the Contraction of Syndicated Lending, Journal of Financial Economics Vol. 141(1), S. 66-82.
- Fabisik, K., Fahlenbrach, R., Stulz, R., Taillard, J., 2021. Why are firms with more managerial ownership worth less?, Journal of Financial Economics Vol. 140(3), S. 699-725.
- Ilhan, E., Sautner, Z., Vilkov, G., 2021. Carbon Tail Risk, Review of Financial Studies Vol. 34, S. 1540-1571.
- Acharya, V., Borchert, L., Jager, M., Steffen, S., 2021. Kicking the Can Down the Road: Government Interventions in the European Banking Sector, Review of Financial Studies Vol. 34(9), S. 4090-4131.
- Dow, J., Han, J., Sangiorgi, F., 2021. Hysteresis in Price Efficiency and the Economics of Slow-Moving Capital, Review of Financial Studies Vol. 34(6), pp. 2857-2909.
- Cremers, M., Pareek, A., Sautner, Z., 2021. Short-Term Institutions, Analyst Recommendations, and Mispricing: The Role of Higher-Order Beliefs, Journal of Accounting Research Vol. 59(3), pp. 911-958.
- Berg, T., Burg, V., Gombovic, A., Puri, M., 2020. On the Rise of FinTechs: Credit Scoring using Digital Footprints, Review of Financial Studies Vol. 33(7), S. 2845–2897.
- Haliassos, M., Jansson, T., Karabulut, Y., 2020. Financial Literacy Externalities, Review of Financial Studies Vol. 33(2), S. 950–989.
- Cremers, M., Pareek, A., Sautner, Z., 2020. Short-Term Investors, Long-Term Investments, and Firm Value: Evidence from Index Inclusions, Management Science Vol. 66(10), S. 4359-4919.
- Krueger, P., Sautner, Z., Starks, L., 2020. The Importance of Climate Risks for Institutional Investors, Review of Financial Studies Vol. 33(3), S. 1067–1111.
- Acharya, V., Imbierowicz, B., Teichmann, D., Steffen, S., 2020. Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?, Journal of Financial Economics Vol. 138(2), S. 342-365.
- Breugem, M., Buss, A., 2019. Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency, Review of Financial Studies Vol. 32(6), pp. 2260-2301.
- Buss, A., Dumas, B., 2019. The Dynamic Properties of Financial-Market Equilibrium with Trading Fees, Journal of Finance Vol. 74(2), pp. 795-844.
- Grosse-Rueschkamp, B., Steffen, S., Streitz, D., 2019. A Capital Structure Channel of Monetary Policy, Journal of Financial Economics Vol. 133(2), S. 357-378.
- Berg, T., 2018. Got Rejected? Real Effects of Not Getting a Loan, Review of Financial Studies Vol. 31(12), S. 4912-4957.
- Fecht, F., Hackethal, A., Karabulut, Y., 2018. Is proprietary trading detrimental to retail investors?, Journal of Finance Vol. 73(3), S. 1323-1361.
- Ghysels, E., Horan, C., Mönch, E., 2018. Forecasting through the Rearview Mirror: Data Revisions and Bond Return Predictability, Review of Financial Studies Vol. 31(2), S. 678-714.
- Schäfer, L., Beck, T., Ioannidou, V., 2018. Foreigners vs. Natives: Bank Lending Technologies and Loan Pricing, Management Science Vol. 64(8), S. 3469-3970.
- Jochem, T., Ladika, T., Sautner, Z., 2018. The Retention Effects of Unvested Equity: Evidence from Accelerated Option Vesting, Review of Financial Studies Vol. 31(11), S. 4142-4186.
- Malamud, S., Vilkov, G., 2018. Non-Myopic Betas, Journal of Financial Economics Vol. 129(2), S. 357-381.
