Alumni
- Structured Products
- Empirical Finance
- Market Micro Structure
Education
- 2016: Doctorate in Finance (Dr. rer. pol.), Dissertation "Three Essays on Individual Investors’ and Issuers’ Behavior in the Market for Speculative Exchange-Traded Retail Products"
- 2011-2015: Research associate and doctoral candidate, Chair of Finance and Banking, University of Passau
- 2011: Diploma in International Economics, University of Tübingen with a thesis on the Black-Litterman Modell and recent enhancements
- 2004-2011: Studies in International Economics, University of Tübingen and University of Torino, Italy; majors: Finance, Economic Theory, International Economics and Statistics
Awards
- Swiss Derivative Research Award 2017 (for Dissertation)
- Sparkasse Passau Award 2017 (for dissertation)
- Helmut Schmalen Award 2017 (for dissertation)
Publications
Market Makers’ Optimal Price-Setting Policy for Exchange-Traded Certificates.
Journal of Banking and Finance, 71, 2016, 206-226. (with Oliver Entrop, Michael McKenzie, and Marco Wilkens)
Abstract and Download
Working Paper
- What Drives Performance in the Speculative Market of Short-term Exchange-traded Retail Products?
Working Paper, 2016. (with Oliver Entrop, Alexander Schober, and Marco Wilkens)
An earlier version of this paper circulated under the title “The Impact of Greed and Experience on Investors’ Returns and Banks’ Margins: Evidence from Short-term Exchange-traded Retail Products”.
Abstract and Download
- Risk-taking in the Market of Speculative Exchange-traded Retail Products: Do Socio-economic Factors matter?
Working Paper, 2016.
Abstract and Download
Current Position:
- Investment Manager Financial Institutions Latin America, KfW DEG
Professional Experience:
- Volunteer, Nueva Sonrisa e.V.
- Product Specialist Associate, Systematic Equity, Allianz Global Investors
- Mutual Funds
- Empirical Finance
- Market Micro Structure
Education
- 2011-2018: Research associate and doctoral candidate, Chair of Finance and Banking, University of Passau
- 2011: Master of Science in Business Administration, Catholic University of Eichstätt-Ingolstadt with a thesis on agency conflicts in ABS CDO management
- 2009-2011: Studies in Business Administration, Catholic University of Eichstätt-Ingolstadt and Corvinus University Budapest; majors: Finance, Accounting
- 2007-2008: Sales and Marketing for software service provider
- 2004-2007: Undergraduate co-operative studies in Business Administration, University of applied studies Hameln
- 2004-2007: Apprenticeship with Volksbank Hameln-Stadthagen eG
Awards
Career Award DZ-Bank Group, 2012
Current Position
BVR - Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
- Option Pricing
- Fixed-Income
- Empirical Finance
Education
- 2014: Doctorate in Finance (Dr. rer. pol.), Dissertation "Three Essays on Individual Investors’ Early Exercise Behavior in the Fixed-Income Market"
- 2011-2014: Research associate and doctoral candidate, Chair of Finance and Banking, University of Passau
- 2009-2016: The Boston Consulting Group (BCG)
- 2009: Diploma in Business Administration, Catholic University of Eichstätt-Ingolstadt with a thesis on Pairs-Trading Strategies
- 2003-2009: Studies in Business Administration, University of Marburg and Catholic University of Eichstätt-Ingolstadt (studies abroad in Italy, USA); majors: Finance, Accounting, Computer Science and Statistics
Awards
- Kulturpreis Bayern 2015 (for dissertation)
- Helmut-Schmalen-Award 2014 (for dissertation)
Publications
- What Makes Individual Investors Exercise Early? Empirical Evidence from Non-Tradable Fixed-Income Products.
Journal of Banking and Finance, 97, 2018, 318-334 (with Oliver Entrop and Marco Wilkens)
Abstract and Download - What Makes Individual Investors Exercise Early? Empirical Evidence from the Fixed-Income Market.
Working Paper, 2017. (with Oliver Entrop and Marco Wilkens)
An earlier version of this paper circulated under the title “What Makes Individual Investors Exercise Early? Empirical Evidence from the Fixed-Income Market".
Abstract and Download
accepted for presentation: - Joint Conference of the Annual Meeting of the German Finance Association (DGF) and the Symposium on Finance, Banking, and Insurance 2014, Karlsruhe, December 19-20, 2014.
- Financial Management Association (FMA) Annual Meeting 2014, Nashville/TN, October 15-18, 2014.
- International Finance and Banking Society (IFABS) Conference 2014, Lisbon, June 18-20, 2014.
Working Paper
- Behavioral Financial Engineering in the Fixed-Income Market: The Influence of the Coupon Structure, Working Paper, 2014.
Abstract and Download
Current Position
True North Now, Bayer
Professional Experience
Director Business Transformation & Change, Bayer
Senior Project Manager, Bayer
Projektleiter, The Boston Consulting Group
- Financial Engineering
- Credit Risk
- Financial Crisis
Education
- 2019: Doctorate in Finance (Dr. rer. pol.), Dissertation: " Three Essays on Structured Financial Products, Investors´ Trading Behaviour and Issuers´Dynamic Hedging"
- 2013-2017: Research associate and doctoral candidate, Chair of Finance and Banking, University of Passau
- 2012: M.Sc. in International Business, Maastricht University, with a thesis on the predictability of art price movements, market efficiency and investment strategies
- 2010 – 2012: Studies in M.Sc. International Business, Maastricht University, NL, and Yonsei University, Korea; major: Finance
- 2007 – 2010: Studies in B.Sc. Economics, Maastricht University, NL, and Université Paris 1 Panthéon-Sorbonne, France; major: Finance
Awards
- Swiss Derivate Research Award 2019 (for dissertation)
Publications
- How Does Pricing Affect Investors’ Product Choice? Evidence from the Market for Discount Certificates
Journal of Banking and Finance, 68, 2016, 195-215. (with Oliver Entrop, Michael McKenzie, Marco Wilkens and Christoph Winkler)
Abstract and Download - Hedging Costs and Joint Determinants of Premiums and Spreads in Structured Financial Products.
Journal of Futures Markets, forthcoming (with Oliver Entrop)
https://doi.org/10.1002/fut.22109
Working Paper
- How Dynamic Hedging Affects Stock Price Movements: Evidence from German Option and Certificate Markets
Working Paper, 2019
Current Position
d-fine GmbH
- Foreign Currency Risk
- Corporate Finance
Education
- 2020: Doctorate in Finance (Dr. rer. pol.), Dissertation “Three Essays on Foreign Currency Risk and Selective Hedging of Companies”
- 2019: Dissertation submitted
- 2015 - 2019: Research associate and doctoral candidate, Chair of Finance and Banking, University of Passau
- 2015: M.A. in Economics, University of Passau with a thesis on the international comparison of foreign currency exposure of companies
- 2012-2015: Studies in International Economics and Business, University of Passau; major: International Finance
- 2009-2012: Studies in Business Administration and Economics (B.Sc.), University of Passau and University College Dublin, Ireland; major: Economics
Publications
Working Paper
Current Position
Finance and Risk Strategy Manager, Corporate Finance & Treasury, Porsche AG, Stuttgart
- Empirical Corporate Finance: Firm Value and Firm Risk
- Economics of Information Technology (IT)
- Economics of Corporate Social Responsibility (CSR)
- Cultural Economics
Education
2023Doctorate in Finance (Dr. rer. pol.), Dissertation "Three Essays on Firm Value and Firm Risk and their Relation to IT-Exposure, Corporate Social Responsibility, and Religiosity"2022Dissertation submitted2017-2022
University of Passau
Research associate and doctoral candidate, Chair of Finance and Banking
2015-2017University of Passau
Master of Arts in International Economics and Business
Majors: Trade theory, finance
Thesis on dynamic panel data models and their application in finance 2014-2017University of Passau
Master of Science, Business Administration
Majors: Finance, Statistics
Thesis on on the empirical methods to measure interest rate exposure of companies 2015-2016California State University Fresno, USA
Business Administration
Majors: Finance, Accounting2011-2014University of Passau
Bachelor of Science, Business Administration and Economics
Majors: Finance, Statistics
Awards
Helmut Schmalen Dissertation Award (for outstanding dissertation)
Working Paper
- Entrop, Oliver and Grösbrink, Carl-Friederich, IT-Exposure and Firm Value (March 1, 2020). Available at SSRN: https://ssrn.com/abstract=4201537
or http://dx.doi.org/10.2139/ssrn.4201537 - Entrop, Oliver and Grösbrink, Carl-Friederich, Corporate Social Responsibility, Risk, and Firm Value: An Unconditional Quantile Regression Approach (July 1, 2021). Available at SSRN: https://ssrn.com/abstract=4201545
or http://dx.doi.org/10.2139/ssrn.4201545
Current Position
Consultant at Bain & Company
- Corporate Finance
- Risk Management
- Derivatives
- Empirical Finance
Education:
- 2018: Doctorate in Finance, (Dr. rer. pol.), Dissertation: " Three Essays on Foreign Risk and the Use of Foreign Exchange Derivates"
- 2013-2018: Research associate and doctoral candidate, Chair of Finance and Banking, University of Passau
- 2011-2013: Commerzbank AG
- 2011: M.Sc. in Finance, Frankfurt School of Finance & Management, with a thesis on Early Warning Systems of banking crises
- 2010-2011: Studies in Finance (M.Sc.), Frankfurt School of Finance & Management; major: Capital Markets
- 2006-2010: Studies in Business Administration (B.Sc.), Frankfurt School of Finance & Management and Napier University, Edinburgh, UK; major: Finance
- 2004-2006: Bank apprenticeship with Commerzbank AG, Nuremberg
Publications
- Managers’ Research Education, the Use of FX Derivatives and Corporate Speculation.
Review of Managerial Science, forthcoming (with Oliver Entrop)
Abstract and Download
Working Paper
- “Exchange Rate Risk” within the European Monetary Union? Analyzing the Exchange Rate Exposure of German Firms.
Working Paper, 2017 (with Oliver Entrop)
Abstract and Download
accepted for presentation: - Southern Finance Association (SFA) Annual Meeting, Key West, November 15-18, 2017.
- Foreign Exchange Derivative Use and Firm Value: Evidence from German Non-Financial Firms.
Working Paper, 2018
Current Position:
Head of M&A and International Business Development
NürnbergMesse Group
Professional Experience:
Projekt Manager Mergers & Acquisitions
Nürnberg Messe Group
Relationship Manager Firmenkundengeschäft
Commerzbank AG
- Cryptocurrencies
- Corporate Finance and Governance
- Market Microstructure
- Cultural Economics
Education
- 2023: Doctorate in Finance (Dr. rer. pol.), Dissertation: "Three Essays on Price Discovery, Stock Liquidity, and Crash Risk"
- 2022: Dissertation submitted
- 2018-2022: Research associate and doctoral candidate, Chair of Finance and Banking
- 2017: Master of Science, Information-oriented iBusiness Administration, University Augsburg, Master Theses: "The valuation of credit risk transfer instruments based on implicit model parameters using the example of credit default swaps"
- 2016-2017: Study abbroad, University of Economics in Breslau, Major: Finance
- 2015-2017: M. Sc..Information-oriented Business Administration, University Augsburg, Major: Finance & Information
- 2014: Bachelor of Arts Business Administration Financial Services, Duale Hochschule Baden-Württemberg (Ravensburg)
- 2011-2014: Business Studies, Duale Hochschule Baden-Württemberg (Ravensburg) in in partnership with Volksbank Raiffeisenbank Laupheim-Illertal eG, Major Financial Services
Publications
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Oliver Entrop,Bart Frijns,Marco Seruset, The determinants of price discovery on Bitcoin Markets, Journal of Futures Markets, 40(5), 2020, 819-837
http://dx.doi.org/10.1002/fut.22101
Working Paper
Current Position
Consultant@Horváth
Competence Center Banking & Financial Institutions
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