Thomas Paul Gehrig


Chair in Finance, Department of Finance, University of Vienna
Vienna Graduate School of Finance (VGSF), Faculty Member
Director of Doctoral Studies, Faculty of Business, Economics and Statistics
Editor-in-Chief, Business Research, Journal of the VHB
Centre for Economic Policy Research (CEPR), London, Research Fellow in Financial Markets and in Industrial Organization
European Corporate Governance Institute (ECGI), Brussels
National Bureau of Economic Research (NBER), Boston, Market Microstructure Research Group
Systemic Risk Centre (SRC), LSE, London.


1997-2010Chair in Economic Theory and Director of the Institute for Research on Economic Evolution,
Albert-Ludwigs University of Freiburg (D)
1998-2000Adjunct Professor, Rice University, Houston (USA)
1995-1997Associate Professor, University of Basel (CH)
1993-1995Assistant Professor, University of Basel (CH)
1992-1993Visiting Assistant Professor, Managerial Economics and Decision Science Department (MEDS), Kellogg Graduate School of Management,
Northwestern University, Evanston (USA)
1989-1992Assistant Professor, University of Basel (CH)
1987-1989Research Assistant, Financial Markets Group, (Directors: Professors Charles Goodhart and Mervyn King), London School of Economics (UK)
Teaching Assistant, Economics Department, London School of Economics (UK)


asset pricing in incomplete markets
banking, trading, and financial intermediation
information acquisition and price discovery
industrial structure in financial sytems
financial regulation
financial geography
financial history


1995Habilitation, Universität Basel
1990Ph.D. in Economics, London School of Economics
1986Diplomvolkswirt, University of Bonn
- 1984/5Exchange Program, UC Berkeley
- 1983Vordiplom in Mathematics, University of Frankfurt
- 1982Vordiplom in Economics, University of Frankfurt
1979Abitur, Gymnasium Tutzing


Bank of Finland, Helsinki, Finland
Bendheim Center for Finance, Princeton, USA
CEMFI, Banco d´Espagna, Madrid, Spain
CentER, Tilburg University, Tilburg, The Netherlands
Collegio Carlo Alberto, Moncalieri, Torino, Italy
ECARE, Université Libre de Bruxelles, Bruxelles, Belgium
Federal Reserve Bank of Minneapolis, Minneapolis, USA
HECER, Helsinki, Finland
Institut d'Analisi Economica CSIC, Barcelona, Spain
Kellogg Graduate School of Management, Northwestern University, Evanston, USA
LSE, London, UK
Rice University, Houston, USA
SOAS, University of London, London, UK
Université Louis Pasteur, Strasbourg, France
Wharton School, University of Pennsylvania, Philadelphia, USA


2018Visiting Research Fellowship, Bank of Finland
2018Visiting Professorship, LSE
2017Visiting Scholar, University of Macau (deferred)
2017Summer Academy in St. Johann, Studienstiftung des Deutschen Volkes
2014SOAS-Centenary Fellowship, University of London
2011Principal Investigator, VGSF, Wien
2010Chaired offer "Finance", University of Vienna
2009Senior FRIAS-Research Fellowship, Freiburg, funded by the German Excellence Initiative
2009 Hanken Distinguished Senior Fellowship, Helsinki
2008Research Group "Pricing of Risk in Incomplete Markets" of the University of Freiburg, funded by the German Excellence Initiative
2008Senior Research Fellowship, Collegio Carlo Alberto, Moncalieri
2007Targeted Research Fellowship, Ente Luigi Einaudi, Roma (deferred)
2005Hanken Distinguished Senior Fellowship, Helsinki
2003Volkswagen Research Grant: "Information Acquisition in Economical and Political Systems"
2003Hanken Distinguished Senior Fellowship, Helsinki
2001Alexander-von-Humboldt Grant (TransCoop): "Banks, Regulation, and the Performance of Early Securities Markets"
2001European Commission Fifth Framework Programme: "Privatisation and Development"
2001Hanken Distinguished Senior Fellowship, Helsinki
2001Chaired offer in Economic Theory, University of Nürnberg-Erlangen
1998Banque de France Research Grant: "Costs, Competitiveness, and the Changing Structure of European Banking"
1996Chaired offer in Economic Theory, University of Freiburg
1996Chaired offer "Monetäre Ökonomie und Finance", University of Zürich
1996Offer to Substitute for Chair in Economic Theory (NF Selten), University of Bonn
1995European Commission Human Capital Mobility Program: "The New Economic Geography of Europe", FP 3
1990Junior Lectureship, London School of Economics, London
1990Swiss Bank Corporation Award for Outstanding Dissertation
1987-89Doctoral Fellowship of the Studienstiftung des Deutschen Volkes (LSE London)
1986-87Fellowship of the Deutscher Akademischer Austauschdienst (LSE London)
1984-85Fellowship Deutscher Akademischer Austauschdienst (UC Berkeley)
1980-86Fellowship of the Freistaat Bayern for excellent students (Stiftung Maximilianeum)
1979Landessieger, Bundeswettbewerb Mathematik


Erasmus+ (joint with Birbeck College), 2019-2020.
FWF (VGSF - doc.funds), 2018-2022.
FWF (VGSF - Doktoratskolleg), funding periods 2011-13 and 2014-17.
Jubiläumsfonds, ÖNB, 2014-2016.
European Commission - LLP Erasmus (joint with Birbeck College, Vilnius University and Universita degli Studi Bologna), 2009-11.
BMBF (jointly with U. Paderborn, U. Hohenheim and Siemens AG) 2009-11.
DFG-Excellence Initiative (FRIAS), Research Group (Lütkebohmert), 2008-13.
National Bureau of Statistics of China, Beijing, 2007-09.
Deutsche Bundesbank, 2006-08.
Volkswagen Foundation, 2003-04.
DFG-Mercator Program, 2002.
Alexander-von-Humboldt Foundation and NSF, TransCoop, 2001-04.
European Commission - Fifth Framework Program, 2000-01.
DAAD and Academy of Finland, 2000-01.
Banque de France, 1998-99.
European Commission - Human Capital Mobility Program, 1995-97.
Schweizerische Bankiervereinigung, 1996-99.
Schweizerischer Nationalfonds (SNF), 1992-93, 1994-96, 1996-99


Editor-in-ChiefBusiness Research (since 2017), founded as an Open-Access Journal of the German Association for Business (VHB) in 2008. Publisher: Springer Nature. Field Editor for the field of Finance since 2015 (succeeding Engelbert Dockner).
Associate EditorE-Journal Economics (since 2013), founded as an Open-Access, Open-Assessment E- Journal of the IfW-Kiel Institute for the World Economy in 2007. Publisher: Zentralbibliothek für Wirtschaftswissenschaften (ZBW). IF (2017) = .652.
Foreign EditorVierteljahreshefte des DIW (since 2019). Journal of the DIW Berlin, German Institute for Economic Research, founded in 1926 and fundamentally restructured in 2008. Articles are made available open access after one year of protected access.
Associate EditorEconomica, 1996-2008, Journal of the London School of Economics founded in 1921. IF (2017) = 1.641.


Research FellowCentre for Economic Policy Research (CEPR), London; in program areas FE and IO since 1992
Research AssociateEuropean Corporate Governance Institute (ECGI), Brussels
Research AssociateSystemic Risk Centre (SRC), LSE, London
Member Market Microstructure Research Group, National Bureau for Economic Research (NBER), Boston
Invited MemberCommittee on Industrial Economics, VfSP
Committee on Theory and Policy of the Corporation, VfSP
ExpertEuropean Research Council, since 2008
DirectorWorking Group "Financial Crises" of the ÖFG (Austrian Research Association), since 2012
Scientific Advisory Board Center for Advanced Studies in Management (CASiM), Handelshochschule Leipzig, since 2012
Executive Committee European Association of Research in Industrial Economics (EARIE), 2005-2011
Academic MembershipsAmerican Economic Association (AEA)
American Finance Association (AFA)
Econometric Society (ES)
European Association for Research in Industrial Economics (EARIE)
European Economic Association (EEA)
European Finance Association (EFA)
German Association for Economics and Business Administration (GEABA)
Verband der Hochschullehrer in Betriebswirtschaft (VHB)
Verein für Socialpolitik (German Economic Association)
Western Finance Association (WFA)
VertrauensdozentStudienstiftung des Deutschen Volkes

REFEREEING (selection)

More than 70 academic journals including the top-3 journals in Economics and the top-3 journals in Finance plus most of the top-10 journals in the fields of Finance and IO: American Economic Review, B.E. Journal in Theoretical Economics, Bulletin of Economic Research, Central European Journal of Operations Research, CESofo-Studien, Constitutional Political Economy, Economica, Econometrica, Economic Design, Economic Inquiry, Economic Journal, Economic Letters, Economic Policy, Economic Theory, Economics Bulletin, Economics (E-Journal),European Economic Review, European Journal of Political Economy, Financial History Review, Games and Economic Behaviour, Financial History Review, Games and Economic Behaviour, International Journal of Central Banking, International Journal of Industrial Organization, International Review of Law and Economics, Journal of Banking & Finance, Journal of Business Economics, Journal of Finance, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Financial Markets, Journal of Economic & Management Strategy, Journal of Economic Behaviour & Organization, Journal of Economic Dynamics and Control, Journal of Economic Integration, Journal of Economic History, Journal of Economic Theory, Journal of Economics & Management Strategy, The Journal of Economic History, Journal of Empirical Finance, Journal of the European Economic Association, Journal of Financial Services Research, Journal of Financial Stability, Journal of Industrial Economics, Journal of International Economics, Journal of Law, Economics & Organization, Journal of Money, Credit and Banking, Journal of Political Economy, Journal of Public Economics, Journal of Regional Science and Urban Economics, Journal of Regulatory Economics, Kredit und Kapital, Kyklos, ORDO, Oxford Economic Papers, Quantitative Finance, RAND-Journal, Regional Science and Urban Economics, Review of Economic Design, Review of Economic Studies, Review of Finance, Review of Financial Studies, Review of Industrial Organization, Review of Law and Economics, Ricerca Economiche, Scandinavian Journal of Economics, Schmalenbachs Business Review, Small Business Review, Swiss Journal of Economics and Statistics.


Academy of Finland, Agence Nationale de Recherche (F), Alexander-von Humboldt Stiftung, Alexander-von-Humboldt Forschungspreis, Deutsche Forschungsgemeinschaft (Sonderforschungsbereiche, Schwerpunktprogramme, Einzelförderungen), ESRC (UK), ERC-Advanced Grants (EU), Friedrich Ebert Stiftung, Freiburg Institute of Advanced Studies, Friedrich Naumann Stiftung, FWO (Belgium), John Simon Guggenheim Memorial Foundation (US), LOEWE Exzellenzprogramm des Landes Hessen, National Science Foundation (US), The Netherlands Organization for Scientific Research - NWO (Netherlands), Nobel Symposium Lindau, Leibniz Gemeinschaft, Max-Planck Forschungspreis, ÖNB-Jubiläumsfonds, Research Grant Council (Hong Kong), SAFE-Frankfurt, Hans-Martin Schleyer Stiftung, Schweizerischer Nationalfonds (CH), Studienstiftung des Deutschen Volkes, Sveriges Riksbank (Sweden), Volkswagenstiftung.


External member of dissertation committees and/or opponent and reviewer or committee member in more than 35 instances. Recent external defenses include CEMFI (Madrid), EUI (Florence), HECER (Helsinki) and senior appointments/tenure decisions inlcude Aalto (Finland), Caltech (US), Cerge (Czech Rep.), U. Frankfurt, U. Geneva (CH), Hanken (Finland), U. Hannover, LSE (UK), U. Heidelberg, U. Karlsruhe, U. Konstanz, Larnaca U. (Cyprus), KU Leuven (Belgium), U. Linz, U. Macao (China), U. Mannheim, Max Planck Gesellschaft, U. Regensburg, U. Southampton (UK), U. Ulm, U. Wien and U. Zürich (CH).


EFA, since 1997
EARIE, since 2008
World Finance Association, since 2014
Swiss Winter Conference in Financial Intermediation (SWCFI), Lenzerheide, since 2015
European Winter Summit in Finance (EWSF), with interruptions since 2010
VHB-Pfingsttagung, since 2013
EEA, ESEM, FMA, German Finance Association, Verein für Socialpolitik: occasionally or regularly


10. Workshop: "Banken und Finanzmärkte" (with Michael Kötter, Thilo Pausch and Peter Welzel), Halle, November 2020
Joint Interdisciplinary Conference on "Data and Ethics" of Department of Finance, University Vienna in cooperation with St. Anselm College, Center for Ethics in Business and Governance (USA) and University of St. Andrews, Center for Responsible Banking & Finance (UK), Vienna, scheduled for November 2019
9. Workshop: "Banken und Finanzmärkte" (with Michael Kötter, Thilo Pausch and Peter Welzel), Wien, November 2019
ÖFG-Conference on "After the Crisis is Before the Crisis" jointly with Martin Kocher ((IHS), Christian Laux (WU), Reinhard Neck (Klagenfurt), Alfred Wagenhofer (Graz) and Claudia Wöhle (Salzburg), Vienna, April 2019
Joint Interdisciplinary Conference on "The Ethics of Business, Trade & Global Governance" of Department of Finance, University Vienna in cooperation with St. Anselm College, Center for Ethics in Business and Governance (USA) and University of St. Andrews, Center for Responsible Banking & Finance (UK), Portsmouth, New Hampshire, USA, November 2018
8. Workshop: "Banken und Finanzmärkte" (with Thilo Pausch and Peter Welzel), Augsburg, October 2018
7. Workshop: "Banken und Finanzmärkte" (with Thilo Pausch and Peter Welzel), Deutsche Bundesbank, Eltville, October 2017
ÖFG-Panel: "Unintended Consequences of Financial Regulation" , Jahreskonferenz des Verein für Socialpolitik, Wien, September 2017
ÖFG-Conference: "Regulation of Financial Institutions as a Factor of Systemic Risk" (with Matthias Bank, Alfred Wagenhofer and Josef Zechner), Innsbruck, November 2016
6. Workshop: "Banken und Finanzmärkte" (with Thilo Pausch and Peter Welzel), Wien, October 2016
Joint Finance Seminar with the Hebrew University (jointly with Yishay Yafeh), Wien, September 2016
Econometric Society: Session on "Financial Crises in Historical Perspective" (with Markus Brunnermeier, Charles Calomiris and Gary Gorton), ASSA-Meetings, San Francisco, January 2016
5. Workshop: "Banken und Finanzmärkte" (jointly with Thilo Pausch and Peter Welzel), Augsburg, November 2015
ÖFG-Conference: "Accounting, Information, and Financial Crises" (jointly with Matthias Bank, Alfred Wagenhofer and Josef Zechner), Graz, November 2015
"32nd Annual Conference of the European Association of Law and Economics- EALE 2015" (jointly with Peter Lewisch and Wolfgang Weigel), Vienna, September 2015
ÖFG-Panel Discussion: "Comprehensive Assessment of the ECB: How resilient are European banks?" (with Claus Puhr), Vienna, November 2014
Transatlantic Conference on Banks and Government in Globalized Markets (with Enrique Mendoza, Linda Tesar and Martin Summer) sponsored by CEPR, University of Michigan, University of Pennsylvania and OeNB, Vienna, September 2013
ÖFG-Conference: Die Finanzkrisen des 21. Jahrhunderts (jointly with Erich Kirchler, Dennis Müller, Reinhard Neck, Alfred Wagenhofer and Josef Zechner), Vienna, October 2012
CEPR-OeNB-Conference: Bank Supervision and Resolution - National and International Challenges (with Gyoengyi Loranth, Peter Mooslechner and Martin Summer), Vienna, October 2011
FRIAS-CEPR-RFS Workshop: Information, Liquidity and Trust in Incomplete Financial Markets (with Ernst Eberlein), Freiburg, October 2010
Deutsche Bundesbank-FRIAS Workshop: Information and Liquidity in Incomplete Financial Markets (with Ernst Eberlein and Hans-Helmut Kotz), Eltville, March 2010
CEPR-ETH Workshop: Banking and the Macroeconomy (with Franklin Allen, Hans Gersbach, Martin Hellwig, Dimitri Vayanos, Jaume Ventura), Zürich, November 2007
Yrjö-Jahnsson Foundation Conference: Competition Strategies and Customer Relations (with Rune Stenbacka), Helsinki, November 2004.
TransCoop Conference of the Alexander-von-Humboldt Foundation in Cooperation with CEPR and the Review of Finance: Early Securities Markets (with Caroline Fohlin and Richard Stehle), Berlin, October 2004.
EU-Conference (3rd FP): Privatisation, Corporate Governance, and Financial Markets Development (with Bernardo Bortolotti, Francesco Giavazzi, William Megginson, Enrico Perotti and Carlo Scarpa), Milano, July 2002.
CEPR-Workshop: The Geography of Financial Markets (with Marco Pagano), Napoli, May 1996.

Participation in Major Conferences or International Workshops (selection)

2020VHB (SAFE-Frankfurt), EWFS (Zermatt), SWCFI (Lenzerheide)
2019VHB-Blockchain (TUM München), ZBW (Berlin), ÖFG-After the Crisis is Before the Crisis (Wien), VfSP-Unternehmenstheorie (ZEW Mannheim), VHB (Rostock), IRMC (Bocconi, Milano), ESSFM (Gerzensee), ESEM (Manchester), Data & Ethics (Wien)
2018EWFS (St. Moritz), CEPR 3rd Annual Spring Symposium (Imperial, London), DFG-SAFE Conference on Macroeconomic Performance and Financial Stability (Frankfurt), VHB (Magdeburg), Bank of England-CEPR-Imperial: Competition and Regulation in Financial Markets (London), EFMA (Milano), 6th CEPR Economic History Symposium (Banca d'Italia, Roma), IFABS (Porto), ESSFM (Gerzensee), EEA (Cologne), Industry 4.0 (HHL Leipzig), GEABA (Frankfurt), Ethics of Business and Trade (Portsmouth, NH)
2017National Bank of Belgium (Brussels), SWCFI (Lenzerheide), Chapman (LA), Bank of Finland (Helsinki), VHB (St. Gallen), EFA (Mannheim), EEA/ESEM (Lisboa), Verein für Socialpolitik (Wien), Bundesbank (Eltville), Santiago Finance Workshop (Chile)
2016ASSA-ES (San Francisco), SWCFI (Lenzerheide), CEPR 1st Annual Spring Symposium (Imperial, London), VHB (München ), SAFE-CFS (Frankfurt), European Conference in Banking and Finance (Bologna), Verein für Socialpolitik (Augsburg), GEABA (Basel), NBER (Boston), Ridge-Banco Central de Uruquay (Montevideo)
2015SWCFI (Lenzerheide), CEPR (Oxford), IO (Berlin-ESMT), Verein für Socialpolitik (Münster), EFA (Vienna), EALE (Vienna), Bank of Ireland (Dublin)
2014ÖAW (Wien), SOAS (London), EARIE (Milano), ESEM (Toulouse), Bundesbank (Eltville)
2013SWCFI (Lenzerheide), EWFS (Obertauern), FIRS (Dubrovnik), CEPR-ÖNB-Michigan-Philadelphia (Wien), GEABA (Regensburg), Liberty Fund (Vienna), DFG/MPI - Confernce on Banking Structure (Bonn), ECB-Banque de France (Paris)
2012Credit Risk and Liquidity (Freiburg), IO (München), DGF (Hannover), Paris Corporate Finance Spring, Norges Bank (Oslo), GEABA (Graz), CEPR-ECB-RoF (Frankfurt), Heidelberg Center for American Studies
2011IO (Wien), EWSF (Hermagor), Paris Corporate Finance, ECGI (Brussels), EFA (Stockholm), GEABA (Zürich), CEPR-ÖNB (Wien), Fondazione Palazzo Strozzi (Florence)
2010FRIAS-Bundesbank (Eltville), Historical Stock Markets in Perspective (Cambridge), ESSFM (Gerzensee), FRIAS-CEPR-RFS (Freiburg), MTS-Conference in Financial Markets (London), CEPR (St. Gallen)
2009 ZEW (Mannheim), ESSET (Gerzensee), EARIE (Ljubliana), FRIAS (Freiburg)
2008 ASSA-AEA (New Orleans), ESSFM (Gerzensee), EEA (Milano), Bundesbank-Cesifo (Müchen)
2007 ASSA-AFA (Chicago), ESSFM (Gerzensee), EARIE (Valencia), CEPR (Zürich)
2006 IO (Boston), EFA (Zürich), ESEM (Wien), Bank of Canada (Toronto)
2005 ...

Invited Lectures (selection)

2019Banque de France, Wien, Zürich*, St. Andrews, JWG Frankfurt, Helsinki
2018HU Berlin, Bank of England, Royal Holloway, Glasgow, Bank of Finland, HHL Leipzig
2017LSE, Newcastle, ÖNB, DIW Berlin
2016VJES, SAFE-Policy Frankfurt, BIS, Nice, St. Gallen, Harvard
2015 BMWFW, SAFE-Micro Frankfurt, Bank of Finland
2014Eichstätt, SOAS-London, Wien, VGSF
2013National Bank of Serbia, Augsburg, HHL Leipzig, DLS Law Vienna
2012Linz, Regensburg, Würzburg, HECER Helsinki, Norges Bank (Oslo)
2011 EBS-Wiesbaden, ÖNB, Wien
2010 ESMT Berlin, U. Michigan, Ross School, Ann Arbor, IHS
2009 Edinburgh, Düsseldorf, Karslruhe, Wien
2008 HU Berlin, Collegio Carlo Alberto (Moncalieri), Bochum
2007 MPI Jena, Gothenburg, Mannheim
2006 ...

Invited Discussions and Comments (selection)

2019Open Access and Open Science, VHB, Rostock.
2019Marc Arnold, Matthias Pester, Marti Subrahmanyam: Paying Attention, VHB, Rostock.
2018Sabine Böckem and Urs Schiller: Bank Runs and Accounting for Illiquid Bank Assets, GEABA, Frankfurt.
2018Christoph Maidl and Corinna Woyand:How Ownership Concentration Affects Bank Capital Buffers: The Influence of Regulation and Market Discipline, VHB-Tagung, Magdeburg.
2017Simon Martin and Karl Schlag: Final Horizon Holdup and How to Cross the River, Verein für Socialpolitik, Wien.
2017Laura Alfaro: Credit Supply Shocks, Network Effects, and the Real Economy, Finance and Development, DIW Berlin.
2017Anton Tsoy: Distorted Advice in the Mortgage Market: Theory and Structural Estimation, SWCFI Lenzerheide.
2016Stefan Wielenberg: Insolvency Administrator’s Incentives and the Tradeoff between Creditor Satisfaction and Efficiency in Bankruptcy Procedures, GEABA, Basel.
2016Charles Calomiris: Liquidity Risk, Bank Networks and the Value of Joining the FED, ASSA 2016, Econometric Society, San Francisco.
2015James Spindler: Taking a Dive: Long-term Incentives to Underperform in the Short Term, EALE 2015, Wien.
2015Niklas Bergren: Does social trust speed up reforms? The case of central bank independence, EALE 2015, Wien.
2015Ansgar Walther: Jointly Optimal Regulation of Bank Capital and Liquidity, SWCFI Lenzerheide.
2014A. Czerny and R. Lindsay: Multiproduct Pricing with Core Goods and Side Goods, GEABA, Regensburg.
2013Joint discussion of Soren Korsgaard: Paying for Payments, and of David Humphrey: Competition in Bank-Provided Payment Systems, ECB and Banque de France Conference on "Retail Payments at Crossroads: Economics, Strategies and Future Policies", Paris.
2013Alexander Barinov: Stocks with Extreme Past Returns: Insurance or Lotteries?, FIRS 2013, Dubrovnik.
2013Simon Gervais and Gunter Strobl: The Industrial Organization of Money Management, FIRS 2013, Dubrovnik.
2013Arnoud Boot and Lev Ratnovsky: Banking and Trading, SWCFI, Lenzerheide.
2012Augustin Landier: Vulnerable Banks, Norges Bank Workshop "Understanding Macroprudential Regulation", Oslo.
2012Björn Brand: The Strategic Choice of Organizational Design in a Vertically Integrated Producer, GEABA 2012, Graz.
2012Andrew Winton and Vijay Yerramilli: Lender Moral Harzard and Reputation in Originate-to-Distribute Markets, Fourth Paris Spring Conference, Paris.
2012Daniel Krähmer and Roland Strausz: The Benefits of Sequential Screening, Jahrestagung des Ausschuß für Industrieökonomik, Ifo-Institut, München.
2011Thilo Pausch and Peter Welzel: Regulation, Credit Risk Transfer with CDS, and Bank Lending, GEABA 2011, Zürich.
2011Thomas Philippon and Vsiliki Skreta: Optimal Interventions in Markets with Adverse Selection, Third Spring Paris Corporate Finance Conference, Paris.
2011Moez Bennouri, Sonja Falconeri, Daniel Weaver: Trading Mechanism, Ex-Post Uncertainty and IPO Underpricing, EWFS, Hermagor.
2011Volker Nocke, Michael Whinston: Merger Policy and Merger Choice, Jahrestagung des Ausschuß für Industrieökonomik, Wien.
2010Hans Gersbach: Bank Capital and the Optimal Capital Structure of an Economy, CEPR-Workshop St. Gallen.


More than 50 placements at universities (including Aarhus, Basel, HU Berlin, Birbeck, Carlos III, CERGE-Praha, Dortmund, JWG-Frankfurt, Freiburg, Hannover, Heidelberg, Stuttgart-Hohenheim, King`s College, Hong Kong, KU Leuven, Liverpool, LSE, MPI-Bonn, MPI-Jena, METU-Ankara, Nijmegen, Tilburg, SAFE Frankfurt, St. Andrews, St. Anselm College, St. Gallen, Santiago de Chile-Universita Catolica, UAE Abu Dhabi, Zürich... ) and academic research organisations including central banks (Bank of England, Bank of Finland, Banco de Espana-CEMFI, BAWAG-P.S.K., BMF, Chinese Statistical Office, Federal Reserve Board of Governors, Deutsche Bundesbank, ECB, FMA, Foreign Affairs Office-Netherlands, IMF, Norges Bank, ÖNB, Russian Presidential Academy of National Economy and Public Administration, Schweizerische Nationalbank, World Bank, ...) and regulators or consultants (E-CA, ECB, CDC, Compass Lexecon, Cornerstone, CRA, GfK, NERA, OECD, Schweizerische Bankiervereinigung, Statistisches Bundesamt, Swedish Competition Autority, zeb consulting,...). Numerous placements at private institutions mainly in the financial sector (ABN-Amro Bank N.V., Allianz, Amundi, BAWAG, Bank Austria, Blättchen & Partner, Capital Bank - Grawe Group, Credit Suisse, Cudos-Group, Deloitte, Deniz Bank, Deutsche Bank, ERGO, Ernst & Young, Erste, Generali, J.P.Morgan, KPMG, Merito Financial Solutions, Paladin Asset Management, Pricewaterhouse Coopers Austria, Raiffeisen, Schelhammer & Schattera, Schoellerbank, Signa Real Estate, Sparkasse Salzburg, Sperbank, Swiss Re, UBS, Uniqa, Volksbank Freiburg, VTB, Wiener Städtische, ZZ-Vermögensverwaltung, ...) but also NGOs (Ärzte ohne Grenzen, Caritas, Die Grünen, Don Bosco Finanzierungs AG, IGO, International Anti-Corruption Academy, Kath. Kirche Kärnten, ...) and many others.

VGSF PLACEMENTS (international academic placements only and central banks)

2019 Universidade Nova (Lisboa), Rijksuniversiteit Groningen
2018 University of Chicago (Booth School of Business), ECB (Frankfurt), Federal Reserve Board of Governors (Washington D.C.), Lancaster University Management School, Katholieke Universiteit Leuven
2017Erasmus University (Rotterdam), Universita della Svizzera Italiana (Lugano)
2016Bocconi University (Milano)
2015Humboldt University (Berlin)
2014Vrije Universiteit Amsterdam, University of Southern Denmark (Odense)
2013University of Aarhus, BI Norwegen Business School (Bergen), ÖNB
2012Georgia Institute of Technology (Atlanta), Humboldt University (Berlin), Zayed University (Abu Dhabi)
2011Carnegie Mellon, MIT (visiting)
2010University of Aarhus, University of Hong Kong, University of New South Wales (Sydney), Norwegian School of Economics (Bergen)


Top-10 Award, Erste Asset Management Challenge 2018, Wien, Dezember 2018
Studienstiftung des Deutschen Volkes - Stipendiaten machen Programm: 10 Jahre Finanzkrise - Europäische Lehren für Finanzmarktstabilität und Geldpolitik, Frankfurt, Juni 2018
X. Förderkongress "Junge Wissenschaft und Wirtschaft" of the Hanns-Martin-Schleyer Foundation, Berlin, Mai 2018
Internship at J.P. Morgan, London 2017
Internship at Raiffeisen Bank, Wien 2017
2 Master Student Awards of the Faculty of Business, Economics and Statistics, Wien 2016
Internship at the European Parliament, Brussels 2016
Master Student Award of the Faculty of Business, Economics and Statistics, Wien 2014
Scholarship for 5th Lindau Symposium of Nobel Laureates, Konstanz 2014
VGSF Best Paper Award, Wien 2012
Friedrich-August-von-Hayek Award for the Best Diplom, Freiburg 2010
Constantin-von-Dietze Prize for the Dissertation, Freiburg, 2010
Südwestmetall Prize for the Dissertation, Freiburg, 2010
Fellowship to participate at the TARK 2009 Conference (Theoretical Aspects of Rationality and Knowledge), Stanford 2009
W2-Research Professorship, Max-Planck-Institute, Jena, 2006
2 Scholarships for 2nd Lindau Symposium of Nobel Laureates, Konstanz 2006
Baden-Württemberg Scholarship to visit Yale University (New Haven), 2005
Friedrich-August-von-Hayek Award for Best Dissertation, Freiburg 2003
Baden-Württemberg Scholarship to visit the University of Pennsylvania (Philadelphia), 2003
1. Prize for Diplomarbeiten, Deutsches Aktieninstitut, Frankfurt, 2001
Best Paper Award Journal of Banking & Finance, 2001
2. Prize for Diplomarbeiten, Deutsches Aktieninstitut, Frankfurt, 2000


since 10/2018Director of Doctoral Studies (DSPL) and member of the extended Faculty Board
since 10/2018Member of the Fakultätskonferenz
since 5/2018Chairman of the Faculty Working Group "Lehre", relabelled Working Group "Strategy" in 1/2019.
since 12/2010Principal Investigator and Coordinator at the University of Vienna, Vienna Graduate School of Finance
10/2015-9/2018Member of the Board for Doctoral Studies
10/2013-9/2018Vice Director, Department of Finance
6/2015-1/2018Member of the Research Board
9/2015-6/2016Member of the Joint Curricular Working Group: Master of Business and Master of Banking & Finance
6/2015-12/2015Member of the Strategy Board
10/2014-09/2016Member of the Fakultätskonferenz
6/2013-09/2014Vice Director of Studies: Management, Finance and QEMF
2013-2015Member of the Program Advisory Board, 650 Years University of Vienna
2013Member of the Curricular Working Group: Master of Economics
10/2012-12/2014Director "Ethical Finance", Postgraduate Studies
10/2012-09/2014Vice Dean for International Affairs
1/2011-09/2013Founding Director, Department of Finance

12/2008-08/2010Founding Board Member of the Interdisciplinary Research Center for Security and Society (Economics, Law, Microsystem and Computer Technology, Political Science, Psychology, Sociology in Cooperation with Fraunhofer Gesellschaft and the Max-Planck Institute Freiburg), Albert-Ludwigs Universität Freiburg
2/2002-08/2010Departmental Director of International Affairs, Albert-Ludwigs Universität Freiburg
4/1997-08/2010Member of the Faculty Board, Albert-Ludwigs Universität Freiburg
4/1997-08/2010Member of the Examination Board in Economics, Albert-Ludwigs Universität Freiburg
10/2004-9/2008Associate Dean, Department of Economics and Behavioural Sciences, Albert-Ludwigs Universität Freiburg
9/2001-3/2008Founding Director of the Integrated Masters Program in Economics and Speaker of the Master of Finance, Albert-Ludwigs Universität Freiburg
3/2002-7/2005Director of the Examinations Board in Economics (Vice Director 2005-2010), Albert-Ludwigs Universität Freiburg