At our Department, we research and teach in the areas financial markets, financial management, risk management, and market microstructure. Our research and teaching focuses on:

• Professional asset management (typical research topics: Can mutual fund managers generate systematic excess returns? Which investment strategies are successful?)

• Market microstructure (typical research topics: Which structural elements make markets efficient? How does liquidity arise, and how is it priced?)

Our research at the Department of Risk Management of the University of Hohenheim follows a practice-oriented approach. Various kinds of financial market participants like regulators, banks and different kinds of investors e.g. mutual fund families profit from our research. In the research field of asset management, we identify success factors of fund managers' performance like biographical background, socio-demographic factors or the institutional environment in the fund family. In our research on market microstructure we analyze e.g. how the digitalization affects information processing and price discovery on financial markets and how financial regulation affects the risk trading behavior of market participants and the market liquidity (e.g. transaction costs).

In terms of methodology, we are interested in empirical and theoretical research questions. Econometrically, we work with time series' and panel data analysis. Our approach is to check the robustness of our results with a wide range of methodological approaches. For this purpose, we are also interested in the application of innovative identification strategies.