Neuigkeiten

31^st Annual Meeting of the German Finance Association (DGF)
at FernUniversität in Hagen − September 18–20, 2025

We cordially invite researchers and practitioners to participate in the 31^st Annual Meeting of the German Finance Association (DGF) to be held at FernUniversität in Hagen on September 19 and 20, 2025.
As an additional offering, on September 18 a doctoral workshop will take place.
The conference aims to bring together researchers and practitioners to discuss the latest theoretical and empirical research from all areas of finance, banking, and insurance.

Call for Papers
We invite submissions of recent research papers. Guidelines for the submission are:

• Submissions are for DGF members only. If you are not currently a DGF member, you will be given the opportunity to apply for membership after the submission process.
• Submissions are only accepted through the online submission system: https://www.conftool.net/dgf2025/.
• The submission period is from February 1 to April 30, 2025 (midnight, CET).
• Submissions are subject to a double-blind review process. Thus, papers have to be submitted in an anonymous format (no references to authors or affiliations).
• Only full papers in English (pdf format) are considered for review. Papers should be accompanied by an abstract of no more than 120 words.

Keynote

We are pleased to announce that Michael Weber from The University of Chicago Booth School of Business has agreed to give the keynote address. Professor Weber is also a faculty research fellow at the National Bureau of Economic Research and an academic consultant for several central banks. He has published in leading economics and finance journals such as the American Economic Review, the Review of Economic Studies, the Review of Financial Studies and the Journal of Financial Economics.

Best Paper Award

The best overall paper and the best doctoral paper will both be awarded prizes.

Conference Dinner and Social Events

On Friday, September 19, the conference dinner will take place at Spielbank Hohensyburg. Prior to the dinner, participants will have the opportunity to either take part in a guided tour at the historic sites at Hohensyburg or experience augmented reality in the new Immersive Collaboration Hub of the FernUniversität. There will be a bus shuttle service to Hohensyburg and back.

Pre-conference Doctoral Workshop and Get-together

A doctoral workshop will take place on Thursday, September 18. Application for this workshop will be separate from the main conference and will be announced later.
All participants are cordially invited to a get-together starting at 7 pm at Hagen City Hall.

Special Issue of the Journal of Business Economics

Submissions accepted for presentation are also eligible for inclusion in a special issue of the Journal of Business Economics. There will be a separate call on the journal homepage with an independent submission process. This is not an official publication outlet of the DGF.

Conference Information

For all necessary information (including location, accommodation, etc.) please visit the conference website:

https://www.fernuni-hagen.de/dgf2025.

Early bird registration for conference participation is from May 1 to July 31, 2025. Late registration starts September 1 and is available until September 20, 2025.
We are looking forward to an inspiring conference and to welcoming you to Hagen!

Rainer Baule & Robinson Kruse-Becher

Financial Markets and Frictions – An Intermediary Asset Pricing Approach

– A Research Unit Funded by DFG –
Research Grant
“Women in Intermediary Asset Pricing (WIAP)”

About the research unit
As a research unit, we are guided by the theory on intermediary asset pricing. We want to sound out whether we can understand the big picture of heavily fluctuating prices and premia over time and across assets by a shift in paradigm: From the standard household perspective – with the notion that the household is always marginal – towards an intermediary perspective. If frictions in financial intermediation are important, they may allow prices to fluctuate more widely than suggested by standard models. Thus, instead of contributing to the vast literature that has produced a whole “zoo“ of factors, we seek to identify key frictions and to separate their effects from classical risk factors. Starting from this, we aim to provide empirical strategies, models, and methods, use them to reach new insights about the formation of asset prices, and shape future research in the field.
The research group consists of finance colleagues from Karlsruhe, Frankfurt, Tübingen, Stuttgart, and Münster. In addition, there is an international cooperation with Vienna University of Economics and Business. The spokesperson of the research group is Marliese Uhrig-Homburg. She is Professor of Finance at KIT and Managing Director of the Institute of Finance, Banking and Insurance (FBV). The deputy spokesperson of the research group is Christian Schlag. He is Professor of Finance at Goethe University Frankfurt and Dean of the Faculty of Economics and Business there.

What we are offering
The research unit offers aspiring female researchers the opportunity to conduct a research stay with our research unit at one or multiple locations. Potential candidates will have the chance to work with and learn from senior researchers who have an excellent track record with publications in international top journals such as The Journal of Finance, Journal of Financial Economics, and The Review of Financial Studies amongst others. The duration of the research stay will be between two to three months. For the entire duration we offer a research grant in the amount of 5.000 Euro.

In summary, we are offering

• • a research stay between two to three months
  • the opportunity to work at multiple locations across six leading universities
  • a research grant in the amount of 5.000 Euro
  • the chance to work and learn from senior researchers with excellent track records

Who we are looking for
Female researchers are dramatically underrepresented in the field of asset pricing. This is why we see it as our obligation to encourage them to enter this field and provide financial support to them. Therefore, we are looking for a (junior) female researcher in the field of asset pricing who is interested in the topic of intermediary asset pricing. We explicitly encourage researchers from abroad to apply.

Application details
Please send your application by email to Julian Böll (Julian.Boell@kit.edu). You should mention the subject WIAP in the subject line of your email. The deadline for the application is Tuesday, December 31, 2024. Please send us an email in case you do not receive a conformation of your application within one week after submission. The application package should consist of

• • a motivation letter
  • an academic CV

Contact person and further information
In case of questions, please feel free to contact Julian Böll by email (Julian.Boell@kit.edu).
Further information about us can also be found at our website at
https://intermediaryassetpricing.de/english
or on the official DFG website at
DFG – GEPRIS – FOR 5230: Financial Markets and Frictions – An Intermediary Asset Pricing Approach

We are looking forward to your application!

Call for Papers
Workshop on Banking and Institutions

June 2-3, 2025
EM Strasbourg Business School, University of Strasbourg, France

Workshop is organized by LaRGE Research Center (University of Strasbourg), Bank of Finland Institute for Emerging Economies (BOFIT), and Gabelli School of Business, Fordham University (New York).

Keynote Speaker: Paola Sapienza (Kellogg School of Management, Northwestern University)

Topics: The workshop organizers invite researchers to submit empirical papers covering issues in all areas linking banking and institutions. Possible topics include but are not limited to the following

• • political economy of banking
  • geopolitics and banking
  • banking and society
  • banking in emerging markets
  • institutional underpinnings of financial systems
  • banking and environment

Paper submission procedure: Those interested in presenting a paper should submit a copy of their research in Word or pdf format via online submission form. Only complete papers will be considered. One author can only submit one paper. There is no conference fee. The deadline for submission is January 15, 2025. The authors of accepted papers will be notified by February 10, 2025.

Program committee: Zuzana Fungáčová (BOFIT), Iftekhar Hasan (Fordham University), Iikka Korhonen (BOFIT), Paul Wachtel (New York University), Laurent Weill (LaRGE Research Center, University of Strasbourg).

Call for Papers: Alpine Finance Summit (AFS) 2024
Conference Organizers:
Prof. Dr. Jochen Lawrenz (University of Innsbruck, Austria)
Prof. Dr. Sebastian Stöckl (University of Liechtenstein, Liechtenstein)
Prof. Dr. Sebastian Utz (University of Augsburg, Germany)
Prof. Dr. Florian Weigert (University of Neuchâtel, Switzerland)

Overview
The Alpine Finance Summit (AFS) is an exclusive and high-caliber conference devoted to the presentation and discussion of academic finance working papers.

Research Focus
The scientific focus of the conference lies on research in the areas of Asset Pricing, Investments, Sustainable Finance, Innovative Finance, and FinTech. We welcome empirical, experimental, and theoretical contributions which have not been published in a scientific journal.

Conference Date and Venue
The AFS will take place at the Hotel Innsbruck (Innrain 3, 6020 Innsbruck, Austria), a stylish 4-star hotel directly located in downtown Innsbruck from Sunday, August 25th – Wednesday, August 28th, 2024. Accommodation for all conference participants is reserved at the Hotel Innsbruck for a reduced rate of 179 EUR per night. Please directly book with the code: AFS-2024 at the Hotel Innsbruck. All participants are expected to stay for the entire conference.
The conference directly follows the 2024 European Finance Association (EFA) meeting in Bratislava. It is possible to reach Innsbruck from Bratislava by train in 5:30 hours on a direct train connection.

Paper Submission
Submission Deadline: 15/03/2024 (CET, Midnight)
Submit your fully developed working paper at https://www.conftool.com/alpinefinancesummit2024. Selection of papers is determined via a blind-review process; hence author identities must be concealed at submission. Authors are allowed to submit more than one paper. There is a submission fee of EUR 50 per paper.
Authors will be notified on the acceptance/refusal of their article in April 2024.

Keynote Speaker
We are happy to announce that the keynote speech will be given by Prof. Michael Weber, Ph.D. from the University of Chicago Booth School of Business.

Social Program
Similar to the vision of “winter finance conferences”, particular focus is devoted to a social program for summer outdoor activities, such as hiking, mountain biking, and summer sledding. These activities will be organized during the conference and all conference participants are encouraged to participate. Detailed information on the social program will be provided in spring 2024.

Conference Fee
The conference fee is 350 EUR per participant. It includes an apéro riche on the first conference day and the conference dinner on the third conference day.

Further Information
Further information can be retrieved on the conference homepage: www.alpinefinancesummit.org
Submit questions and requests to alpinefinancesummit@gmail.com

CALL FOR PAPERS

Workshop on Banking and Finance in Emerging Markets
August 19-20, 2024
Bank of Finland, Helsinki

Workshop is organized by LaRGE Research Center (University of Strasbourg), Bank of Finland Institute for Emerging Economies (BOFIT), and Gabelli School of Business, Fordham University (New York). We are happy to organize already the 10th edition of this banking workshop.

KEYNOTE SPEAKER: ROSS LEVINE (Stanford University)

TOPICS: The workshop organizers invite researchers to submit empirical papers covering all areas of banking and finance in emerging markets. Possible topics include but are not limited to the following:

• banking and institutions
• political economy of banking
• banking and development
• non-bank financial intermediation
• finance and conflicts
• financial stability in emerging markets
• institutional underpinnings of financial systems

PAPER SUBMISSION PROCEDURE: Those interested in presenting a paper should submit a copy of their research in PDF format via online submission form. Only complete papers will be considered. There is no conference fee. The deadline for submission is April 1, 2024. The authors of accepted papers will be notified by May 3, 2024.

PROGRAM COMMITTEE: Zuzana Fungáčová (BOFIT), Iftekhar Hasan (Fordham University), Iikka Korhonen (BOFIT), Paul Wachtel (New York University), Laurent Weill (LaRGE Research Center, University of Strasbourg).

Call for Papers: Second Aarhus Workshop on Strategic Interaction in Corporate Finance

August 19-20, 2024 in Aarhus, Denmark

The objective of this workshop is to present state-of-the-art academic research on topics related to strategic interaction in corporate finance. There will be one track of presentations over the course of two days, with a small number of papers on the program to allow for ample time for discussions and to create a stimulating environment. Each paper will have a discussant. The workshop will start with a welcome reception on the evening of Sunday August 18, 2024.

KEYNOTE SPEAKERS:
Itay Goldstein, Wharton School, University of Pennsylvania
Mike Burkart, London School of Economics

TOPICS: We welcome submissions from all areas of corporate finance, in particular related to the strategic interaction between different agents (such as managers, investors, financial institutions, rating agencies), and their objectives. Papers in an early stage will also be considered. We ask you not to submit a paper that has been accepted for publication in a journal or is close to being accepted. Both theoretical and empirical papers are welcome.

Sample topic areas include, but are not limited to:

• • • Interaction between firms’ investment and financing decisions
    • Real implications of financial contracts
    • Conflicts of interest between the firm’s stakeholders
    • Real options signaling games
    • Bargaining along the supply chain
    • Interdependence between disclosure and corporate finance
    • Feedback between the firm and financial markets
    • Feedback effects of ratings
    • Corporate governance and shareholder voting
    • Strategic decisions in corporate takeovers

PROGRAM COMMITTEE:

Stefan Hirth (chair), Aarhus University
Matthias Lassak (co-chair), Aarhus University

Adelina Barbalau, University of Alberta
Ajay Subramanian, Georgia State University
Alexander Schandlbauer, University of Southern Denmark
Alexander Szimayer, Hamburg University
Andrey Malenko, Boston College
Anil Kumar, Aarhus University
Boris Nikolov, University of Lausanne
Cecilia Bustamante, University of Maryland
Chong Huang, University of California, Irvine
Christian Hilpert, Sun Yat-sen University
Christoph Schneider, University of Münster
Christopher Hennessy, London Business School
David Lando, Copenhagen Business School
Dion Bongaerts, Erasmus University Rotterdam
Emilio Bisetti, Hong Kong University of Science and Technology
Enrique Schroth, EDHEC Business School
Evgeny Lyandres, Tel Aviv University
Florian Kiesel, Free University of Bozen-Bolzano
Francesca Zucchi, ECB
Francesco Sangiorgi, Frankfurt School of Finance & Management
Francesco Sannino, Frankfurt School of Finance & Management
Grzegorz Pawlina, Lancaster University Management School
Günter Strobl, University of Vienna
Jan Schneemeier, Indiana University
Jing Zeng, University of Bonn
Joel Shapiro, Saïd Business School
Kornelia Fabisik, University of Bern
Larissa Schäfer, Frankfurt School of Finance & Management
Magdalena Rola-Janicka, Imperial College
Marliese Uhrig-Homburg, Karlsruhe Institute of Technology
Martin Ruckes, Karlsruhe Institute of Technology
Matthias Efing, HEC Paris
Matthieu Bouvard, Toulouse School of Economics
Nadya Malenko, Boston College
Naveen Gondhi, INSEAD
Paul Voss, HEC Paris
Simon Gervais, Duke University
Thomas Geelen, Copenhagen Business School
Tom Aabo, Aarhus University
Vladimir Vladimirov, University of Amsterdam
Yunzhi Hu, University of North Carolina at Chapel Hill
Yuri Tserlukevich, Arizona State University
Zacharias Sautner, University of Zurich
Zhen Zhou, Tsinghua University

PAPER SUBMISSION PROCEDURE: Interested authors should submit their papers (with author information or anonymized) via the submission link on the workshop web page https://events.au.dk/corpfin24/ by February 20, 2024. There is no submission fee. Authors of accepted papers will be notified by end of April 2024.

EXPENSES AND PRACTICAL ARRANGEMENTS: We expect regular participants to cover their own travel and accommodation expenses, as well as a modest participation fee for the catering. We are in the process of securing additional funding, which may allow us to cover further expenses.
The workshop web page https://events.au.dk/corpfin24/ will continuously be updated with current information. Please contact the organizers corpfin@econ.au.dk for questions regarding paper submission and workshop attendance.

Call for Papers:
2nd Structured Retail Products and Derivatives Conference

Campus Hagen, Germany
Fri–Sat, May 24–25, 2024

Succeeding the online workshop in 2021, we are pleased to announce the 2nd conference on options and derivatives with special emphasis on retail products. We cordially invite the academic community to submit papers related to options and derivatives markets in general.

There will be a special track on structured retail products. For this track, we also encourage the submission of work in progress, with an extended abstract of approximately 300–800 words. Topics for this track may include, but are not limited to:

• Behavioral aspects,
• Hedging strategies,
• Market microstructure,
• Pricing policies,
• Product innovations,
• Product valuation,
• Regulatory issues.

Please submit your paper or abstract in PDF format via e-mail to
derivatives-conference@fernuni-hagen.de.

The submission deadline is January, 31st, 2024.

Author notification will be given in Mid-February 2024.

We are pleased to announce that Neil Pearson, Harry A. Brandt Distinguished Professor of Financial Markets and Options, University of Illinois Urbana-Champaign, has agreed to give a keynote address.

The conference will be accompanied by a special issue of the Journal of Futures Markets.

For further information regarding the conference venue, travel, accommodation, etc. visit www.fernuni-hagen.de/derivatives-conference.

Conference chairs:

Prof. Rainer Baule
University of Hagen
rainer.baule@fernuni-hagen.de

Prof. Bart Frijns
Open University of the Netherlands
bart.frijns@ou.nl

Call for Papers
2nd European Sustainable Finance PhD
Workshop
June 18-20, 2024 in Augsburg

The Faculty of Business and Economics and the Centre of Climate Resilience of the University of Augsburg are organizing a PhD workshop together with colleagues from CREST, ENSAE, ESCP, KU Leuven, Warwick Business School, and Utrecht University on the topic of Sustainable Finance. We invite PhD students to apply to present and discuss their current research to professors and other PhD students with a focus on Sustainable Finance. The workshop will take place in person from June 18 to June 20, 2024, in Augsburg.

The submission is open to a wide range of theoretical and empirical work on Sustainable Finance including, but not limited to Corporate Finance and Governance, Asset Pricing, Climate Finance, and ESG Investing. The presentation of single-authored papers is particularly encouraged.

Please submit your journal-article-length paper (PDF) and CV to info@esfpw.eu by February 16, 2024. Applicants must be enrolled as PhD students at the time of the workshop. The program committee’s decision will be announced in April 2024. Selected students will receive a travel grant (250EUR) and free accommodation for the workshop.

We are happy to announce that the program committee will give a best paper award (only single-authored works) and a best discussion award. In addition, Prof. Roni Michaely, PhD, Professor of Finance and Entrepreneurship at The University of Hong Kong will be our keynote guest.

Program Committee:
Jeroen Derwall (U Maastricht, U Utrecht), Alberta Di Giuli (ESCP), Rients Galema (U Utrecht), Nickolay Gantchev (Warwick Business School), Irene Monasterolo (U Utrecht), Naciye Sekerci (KU Leuven), Sebastian Utz (U Augsburg), Thomas Walther (U Utrecht), Marco Wilkens (U Augsburg), Olivier David Zerbib (CREST, ENSAE)

Workshop homepage: http://www.esfpw.eu

Der Lehrstuhl für Finanzierung der Universität Mannheim hat gemeinsam mit dem Center for Financial Studies in Kooperation mit der Deutschen Börse AG und gefördert durch die DFG eine Microstructure-Datenbank erstellt, die tägliche Daten aus Xetra für alle im CDAX enthaltenen Aktien und den Zeitraum 1999 bis 2013 enthält. Zu den enthaltenen Variablen gehören etwa quotierte und effektive Geld-Brief-Spannen und viele andere. Diese Datenbank ist für Forscher und ausschliesslich für Forschungszwecke kostenlos verfügbar, wobei aber ein formelles Prozedere einzuhalten ist. Das zum Download bereitgestellte pdf-Dokument enthält nähere Informationen.