University of Mannheim Business School. Faculty Profile

Business School Faculty Profile

Welcome Dear reader, The Business School of the represents one of the largest and most reputed institutions of its kind in Europe. For more than one hundred years, we are dedicated to research and teaching. Founded in 1907, our organization has become a full provider by offering programs for Bachelor, Master and Ph.D. as well as for MBA and EMBA in management education. Our School has committed itself to fulfill the highest requirements of international standards. Therefore, we put great effort into quality control, most importantly by undergoing international accreditation assessment and Assurance of Learning on a regular basis. We are proud to be accredited by AACSB, AMBA and EFMD (EQUIS). Nevertheless, all members of our School strive for continuous improvement. Achieving our goal relies on the brain and heart of our institution the faculty. Composed of more than 50 highly motivated full and assistant professors, their productiveness is widely demonstrated by more than 500 journal publications in the last five years. Apart from that, the faculty has different expertise that goes beyond research excellence. The following pages provide an outline of their competences including their fields of research, careers, publications and awards. If you need further information, do not hesitate to contact us on our websites or visit us in our inviting baroque palace offices, lecture halls and libraries. Sincerely yours, Prof. Dr. Dieter Truxius Dean of the Business School

Area Accounting and Taxation

Professor Dr. Jannis Bischof Chair of Business Administration and Accounting Phone: +49(0) 621/181-1629, Fax: +49(0) 621/181-1635 jbischof@uni-mannheim.de Financial Reporting and Disclosure Empirical Accounting Research Accounting for Financial Instruments Financial Institutions 2004 Diplom-Kaufmann (M.Sc. in Business Administration), 2007-2008 Visiting Ph.D. Student, Harvard University 2008 Dr. rer. pol., 2008-2010 Visiting Lecturer, ESSEC Business School 2009-2012 Postdoc Researcher, 2012-2013 Postdoc Researcher, Booth School of Business, University of Chicago 2013-2014 Visiting Assistant Professor of Accounting, Booth School of Business, University of Chicago 2014-2015 Helaba Professor of Finance and Accounting, Goethe-University, Frankfurt am Main. Since 2015 Professor of Accounting, American Accounting Association (AAA) European Accounting Association (EAA) International Association for Accounting Education and Research (IAAER) Prizes, Awards, Honors: GARP Risk Management Best Paper Award, European Financial Management Association, 2015 Best Teaching Award (M.Sc.), Goethe University Frankfurt, 2015 IAAER/KPMG Research Grants, Informing the IASB Decision Process, 2010 and 2013 Best Dissertation Award, Ernst&Young Foundation, 2009 Best Paper Award, Hessian Foundation of Auditors, 2006 Award for the Best Diploma in Business Administration, Prechel Foundation, 2005 Fellowship, German National Academic Foundation (Studienstiftung des deutschen Volkes), 1999-2004 Bischof, J. (2014). Identifying Disclosure Incentives of Bank Borrowers During a Banking Crisis. Journal of Accounting Research, 52 (2), 583-598. Bischof, J. / Daske, H. / Sextroh, C. (2014). Fair Value related Information in Analysts Decision Processes: Evidence from the Financial Crisis. Journal of Business Finance & Accounting, 41 (3-4), 363-400. Bischof, J. / Ebert, M. (2014). IFRS 7 Disclosures and Risk Perception of Financial Instruments. Schmalenbach Business Review, 66 (3), 276-308. Bischof, J. / Daske, H. (2013). Mandatory disclosure, voluntary disclosure, and stock market liquidity: Evidence from the EU bank stress tests. Journal of Accounting Research, 51 (5), 997-1029. Wüstemann, J. / Bischof, J. (2011). Eigenkapital im nationalen und internationalen Bilanzrecht: Eine ökonomische Analyse. ZHR: Zeitschrift für das gesamte Handelsrecht und Wirtschaftsrecht, 175 (2), 210-246. Bischof, J. (2009). The effects of IFRS 7 adoption on bank disclosure in Europe. Accounting in Europe, 6 (2), 167-194. Wüstemann, J. / Bischof, J. (2006). Der Grundsatz der Fair-Value- Bewertung von Schulden nach IFRS: Zweck, Inhalte und Grenzen. Zeitschrift für Betriebswirtschaft, 76, 77-110. Selected Editorial Activities: Editorial Board Business Research (BuR) Editorial Board Issues in Accounting Education Editorial Board Journal of Business Economics (JBE)

Professor Dr. Holger Daske Chair of Accounting and Capital Markets Phone: +49(0) 621/181-2280, Fax: +49(0) 621/181-2009 daske@bwl.uni-mannheim.de Financial Reporting and Capital Market Communication Empirical Accounting Research, International Financial Reporting Standards (IFRS) Corporate Valuation and Financial Statement Analysis Accounting of Financial Institutions 1999 Diplom-Kaufmann (M.Sc. in Business Administration), Goethe-University, Frankfurt 2001-2002 Visiting Scholar, University of Wales / Lancaster University 2005 Dr. rer. pol., Goethe-University, Frankfurt 2006-2007 Visiting Assistant Professor of Accounting, The Wharton School, University of Pennsylvania 2007-2010 Professor of Business Administration, Accounting and Finance, Since 2010 Professor of Business Administration, Accounting and Capital Markets, IFRS Advisory Council, IFRS Foundation American Accounting Association (AAA) European Accounting Association (EAA) Research Network INTACCT of the European Union (EU) Verein für Socialpolitik, Ausschuss für Unternehmensrechnung German Academic Association for Business Research (VHB), Wissenschaftliche Kommission Rechnungswesen Schmalenbach-Gesellschaft für Betriebswirtschaft e.v., Arbeitskreis Finanzierungsrechnung Director University Partnership CFA Institute Prizes, Awards, Honors: EFMA Best Paper Award (2015) Emerald Citations of Excellence Award (2012, 2014) IAAER/KPMG Research Grants Informing the IASB Decision Process (2010, 2013) European Accounting Association: Best Paper Award (2008) American Accounting Association / International Accounting Section: Best Paper Award (2005) Winner at the EAA Doctoral Colloquium and representative at the AAA Doctoral Consortium (2002) Selected Editorial Activities: Editorial Board International Journal of Accounting Research (IJAR) Editorial Board European Accounting Review (EAR) Editorial Board DIE BETRIEBSWIRTSCHAFT (DBW) Bischof, J. / Daske, H. / Sextroh, C. (2014): Fair Value-Related Information in Analysts Decision Processes: Evidence from the Financial Crisis, Journal of Business Finance and Accounting, 41, 3&4, 363-400. Bischof, J. / Daske, H. (2013): Mandatory Disclosure, Voluntary Disclosure, and Stock Market Liquidity: Evidence from the EU Bank Stress Tests, Journal of Accounting Research, 51, 5, 997-1029. Daske, H. / Hail, L. / Leuz, C. / Verdi, R. (2013): Adopting a Label: Heterogeneity in the Economic Consequences of IFRS Adoptions, Journal of Accounting Research, 51, 3, 495-547. Daske, H. / Bassemir, M. / Fischer, F. (2010): Manipulation des Börsenkurses durch gezielte Informationspolitik im Rahmen von Squeeze-Outs? Eine empirische Untersuchung am deutschen Kapitalmarkt, Zeitschrift für betriebswirtschaftliche Forschung, 62, 254-288. Daske, H. / Hail, L. / Leuz, C. / Verdi, R. (2008): Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences, Journal of Accounting Research, 46, 5, 1085-1142. Daske, H. (2006): Economic Benefits of Adopting IFRS or US- GAAP Have the Expected Costs of Equity Capital really decreased?, Journal of Business Finance and Accounting, 33, 3, 329-373. Daske, H. / Gebhardt, G. / McLeay, S. J. (2006): The Distribution of Earnings Relative to Targets in the European Union, Accounting and Business Research, 36, 3, 137-168. Daske, H. / Gebhardt, G. (2006): International Financial Reporting Standards and Perceptions of Disclosure Quality, Abacus, 42, 3/4, 461-498.

Professor Dr. Ulrich Schreiber Chair of Business Taxation Phone: +49(0) 621/181-1718, Fax: +49(0) 621/181-1716 steuern@bwl.uni-mannheim.de Company Taxation International Business Taxation Tax Planning 1974 Diplom-Kaufmann (M.Sc. in Business Administration) 1979 Dr. rer. pol. (Ph.D. in Business) 1985 Habilitation (Business Administration), 1985-1999 Professor of Business Administration and Business Taxation, University of Hannover Since 1999 Professor of Business Administration and Business Taxation, Academic Advisory Board of the Federal Ministry of Finance (Wissenschaftlicher Beirat beim Bundesministerium der Finanzen) Research Fellow at the Centre for European Economic Research (ZEW) German Economic Association (Verein für Socialpolitik, Ausschuss Unternehmensrechnung) Association of University Professors of Management (Verband der Hochschullehrer für Betriebswirtschaft, Kommissionen Betriebswirtschaftliche Steuerlehre und Rechnungswesen) Selected Editorial Activities: Editor Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung/Schmalenbach Business Review (zfbf/sbr) Investitionseffekte des BEPS Aktionsplans der OECD, Zeitschrift für betriebswirtschaftliche Forschung 2015, 102-127. International business taxation and the business cash flow tax, Review of Managerial Science 2013, 309-326. International Company Taxation. An Introduction to the Legal and Economic Principles, Springer, Berlin and Heidelberg 2013. The Impact of Thin-Capitalization Rules on the Capital Structure of Multinational Firms, with Thiess Büttner, Michael Overesch and Georg Wamser, Journal of Public Economics 2012, 930-938. Asset Specificity, International Profit Shifting, and Investment Decisions, with Michael Overesch, Zeitschrift für Betriebswirtschaft 2010, 23-47. European group taxation the role of exit taxes, with Gregor Führich, European Journal of Law and Economics 2009, 257-274. Internationale Gewinnverlagerung Bestandsaufnahme und Perspektiven, Die Betriebswirtschaft 2009, 535-550. Taxation and Capital Structure Choice Evidence from a Panel of German Multinationals, with Thiess Büttner, Georg Wamser and Michael Overesch, Economic Letters 2009, 309-311. Steuerwirkungen beim Unternehmenskauf Eine ökonomische Analyse steuerrechtlicher Missbrauchsregeln, with Jan Markus Mai, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 2008, 2-28. Allgemeine Unternehmenssteuer oder Duale Einkommensteuer?, Zeitschrift für Betriebswirtschaft 2006, 1163-1185. Unternehmensbesteuerung im Binnenmarkt. Angleichung der Gewinnermittlung und des Satzes der Körperschaftsteuer?, Steuer und Wirtschaft 2004, 212-226. Gewinnermittlung und Besteuerung der Einkommen, Steuer und Wirtschaft 2002, 105-115. Measuring the Impact of Taxation on Investment and Financing Decisions, with Ch. Spengel and L. Lammersen, Schmalenbach Business Review 2002, 2-23. Besteuerung der Unternehmen. Eine Einführung in Steuerrecht und Steuerwirkung, 3rd ed., Springer, Berlin and Heidelberg 2012.

Professor Dr. Dirk Simons Chair of Accounting Phone: +49(0) 621/181-1663, Fax: +49(0) 621/181-1665 simons@bwl.uni-mannheim.de International Accounting Theory of Accounting and Auditing New Institutional Economics and Stock Option Plans 1996 Diploma in Business Administration, University of Bielefeld 2001 Doctorate: Cost and Benefit of Stock Option Programs 2003-2004 Departmental representation at the University of Magdeburg 2004 Habilitation: Internationalization of Accounting, Auditing and Corporate Governance Since 2004 Professor at the Since 2015 Vice Rector, Strategy, Reporting & International Affairs American Accounting Association (AAA) European Accounting Association (EAA) Association for Operations Research (GOR) German Academic Association for Business Research (VHB), Treasurer (since January 1, 2011) Schmalenbach Gesellschaft für Betriebswirtschaft e.v. (SG) Commitee for Transfer Pricing (AK Verrechnungspreise) and Committee for Accounting for Financing (AK Finanzierungsrechnung) Committee for Corporate Accounting (Ausschuß Unternehmensrechnung) and Committee for the Theory of the Firm (Ausschuß Unternehmenstheorie) of the Verein für Socialpolitik Prizes, Awards, Honors: Schmalenbach Award by the Schmalenbachgesellschaft (SG) (2002) Best Paper Award (VHB, 2012) Selected Editorial Activities: Business Research (BuR) Editorial board member Die Betriebswirtschaft (DBW) Editorial board member OR Spectrum - Editor Simons, D. and Zein, N.: "Audit Market Segmentation The Impact of Mid-tier Firms on Competition", European Accounting Review, forthcoming. Ruhnke, K. und Simons, D. - Rechnungslegung nach IFRS und HGB - Ein Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen, Schäffer-Poeschel Verlag, 4. Edition, Stuttgart, forthcoming. Schreiber, S. and Simons, D.: IFRS 2 Anteilsbasierte Vergütung (Share-based payment), in Baetge / Wollmert / Kirsch / Oser / Bischoff (Hrsg.): Rechnungslegung nach IFRS Kommentar auf der Grundlage des deutschen Bilanzrechts, Schäffer-Poeschel, Stuttgart, 2014. Niemann, R., Martini, J. T., and Simons, D., Transfer Pricing or Formula Apportionment? Tax-induced distortions of multinationals' investment and production decisions, Contemporary Accounting Research, Vol. 29, Issue 4, pp. 1060-1086, 2012. Chwolka, A., Martini, T., Simons, D., The Value of Negotiating Cost-Based Transfer Prices, BuR, Vol. 3, Issue 2, pp. 113-131, 2010. Jahnke, H., Chwolka, A., and Simons, D., Coordinating servicesensitive demand and capacity by adaptive decision making: An application of case-based decision theory, Decision Sciences, Vol. 36, No. 1, pp. 1-32, 2005. Biskup, D. and Simons, D., Common due date scheduling with autonomous and induced learning, European Journal of Operational Research, Vol. 159, pp. 606-616, 2004. Chwolka, A. and Simons, D., Impacts of revenue sharing, profit sharing, and transfer pricing on quality-improving investments, European Accounting Review, Vol. 12, pp. 47-76, 2003. 7

Professor Dr. Christoph Spengel Chair of International Taxation (Taxation II) Phone: +49(0) 621/181-1704, Fax: +49(0) 621/181-1706 spengel@bwl.uni-mannheim.de International Taxation and Tax Planning Tax Accounting Harmonization of Company Taxation in Europe Measurement of Effective Tax Burdens 1990 Diplom-Kaufmann (M.Sc. in Business Administration), 1995 Dr. rer. pol., 2002 Post-doctoral degree (Habilitation), 2002-2003 Senior Tax Manager in one of the Big 4 firms and Deputy Professor, University of Hamburg 2003-2006 Professor of Business Administration and International Taxation, Justus Liebig-University of Gießen Since 2003 Member of the Scientific Council of the German Federal Ministry of Finance Since 2003 Research Associate, Centre for European Economic Research (ZEW) Since 2006 Professor of Business Administration and International Taxation, Since 2007 International Research Fellow, Oxford University, Saïd Business School Academic Director, Mannheim Master of Accounting and Taxation, Mannheim Business School Since 2014 Director and Speaker, Leibniz Scientific Campus MaTax Schmalenbach Association for Business Administration (Taxation and Transfer Pricing working group) International Fiscal Association (IFA) European Association of Tax Law Professors (EATLP) Fachinstitut der Steuerberater e.v. Mannheimer Unternehmenssteuertag (Chairman of the Board) Prizes, Awards, Honors: Received multiple awards for diploma thesis, dissertation and post-doc thesis Excellence in Executive Teaching Award 2009, Mannheim Business School Students Teaching Award 2013, Mannheim Business School Selected Editorial Activities: Editorial Board and Contributing Author: World Tax Journal (WTJ) Co-Editor: "Steuer und Wirtschaft (StuW) Spengel, C. et al. (2015): International Company Taxation and Tax Planning, Alphen aan Den Rijn: Kluwer Law International. Spengel, C. et al. (2015): Internationale Unternehmensbesteuerung, 8th Ed., Munich. Spengel, C. et al. (2015): Unternehmensbesteuerung und Rechtsform, 5th Ed., Munich. Spengel, C. et al. (2014): Intellectual Property Box Regimes: Effective Tax Rates and Tax Policy Considerations, International Tax and Public Finance. Spengel, C. et al. (2014): Increasing Importance of Transfer Pricing Regulations a Worldwide Overview, Intertax. Spengel, C. et al. (2014): Transparency in Financial Reporting: Is Country-by-Country Reporting suitable to combat international profit shifting?, Bulletin for International Taxation. Spengel, C. et al. (2013): Profit Shifting and Aggressive Tax Planning by Multinational Firms, World Tax Journal. Spengel, C. et al. (2013): Impact of Tax Rate Cut Cum Base Broadening Reforms on Heterogenous Firms, FinanzArchiv. Spengel, C. et al. (2012): Unternehmensbesteuerung in Deutschland Corporate Taxation in Germany, 3rd Ed., Düsseldorf. Spengel, C. et al. (2011): Non-profit taxation on corporations in the EU: Lessons from corporate tax reforms in Germany and tax implications of the global economic crisis, Intertax. Spengel, C. et al. (2010): Company Taxation in the Asia-Pacific Region, India, and Russia, Heidelberg.

Professor Dr. Johannes Voget Chair of Taxation and Finance Phone: +49(0) 621/181-3538 voget@bwl.uni-mannheim.de International Taxation Mergers & Acquisitions Applied Econometrics 1998-1999 International Economic Studies, Introductory Study Period, Econometrics, Introductory Study Period, Maastricht University 1999-2003 Master in Econometrics, Maastricht University 2003-2005 Graduate Program NAKE (Netherlands Network of Economics) 2003-2009 Ph.D. in Economics, Tilburg University Thesis Title: Tax Competition and Tax Evasion in a Multi-Jurisdictional World 2007-2009 Research Fellow, Oxford University Centre for Business Taxation 2009-2010 Research Fellow, Heidelberg University Since 2010 Professor of Taxation and Finance, Huizinga, H. P. / Voget, J. / Wagner, W. (2014): International Taxation and Cross-Border Banking, American Economic Journal: Economic Policy 6(2). Huizinga, H. P. / Voget, J. / Wagner, W. (2012): Who bears the burden of international taxation? Evidence from cross-border M&As, Journal of International Economics 88. Voget, J. (2011): Relocation of Headquarters and International Taxation, Journal of Public Economics 95. Huizinga, H. P. / Voget, J. (2009): International Taxation and the Direction and Volume of Cross-border M&As, Journal of Finance 64(3). Research Associate of the Oxford University Centre for Business Taxation Extramural Fellow of the Tilburg University Center for Economic Research (CentER) Research Associate at the Centre for European Economic Research (ZEW) Prizes, Awards, Honors: Young Economists Award 2009 of the International Institute of Public Finance 9

Professor Dr. Jens Wüstemann Chair of Accounting and Auditing Phone: +49(0) 621/181-2351, Fax: +49(0) 621/181-1694 wuestemann@bwl.uni-mannheim.de Financial Accounting Normative Accounting Research Institutional Economics Behavioral Law and Economics 1994 Diplom-Kaufmann (M.Sc. in Business Administration), Johann Wolfgang Goethe-University, Frankfurt 1994 Maîtrise des Sciences de Gestion, Université Paris IX Dauphine, Paris 1995 Visiting Scholar, Wharton School, University of Pennsylvania 1997 Dr. rer. pol. (Ph.D. in Business), Goethe-University, Frankfurt 1999 Visiting Scholar, Stern School, New York University 2000 Habilitation, Goethe-University, Frankfurt 2001 Teaching Position, Technical University of Berlin Since 2001 Professor of Business Administration, Accounting and Auditing, 2002-2009 Board Member and Project Leader of the German National Research Center 504 (SFB 504) 2004-2011 Academic Director, ESSEC & Mannheim EMBA 2006 Visiting Professor, ESSEC Business School, Paris Since 2007 Academic Director of the Master of Accounting and Taxation 2009-2011 Board Member, Accounting Standards Committee of Germany Since 2010 President of Mannheim Business School Chair, Oversight Committee of the Common Project (Professional Accountancy Qualifications) Member, Working Group Financial Accounting (Arbeitskreis Externe Unternehmensrechnung) of the Schmalenbach-Gesellschaft für Betriebswirtschaft Prizes, Awards, Honors: Best Paper Award, Accounting Section of the German Academic Association for Business Research (VHB) and IAAER, 2009 Wilhelm Merton Ph.D. Award,1998 Faculty Award, Faculty for Economics and Business Administration, Johann Wolfgang Goethe-University, Frankfurt,1994 Egon Zehnder Diploma Thesis Award, 1994 German National Academic Foundation (Studienstiftung des deutschen Volkes), 1990 to 1994 Selected Editorial Activities: Co-Editor: Schulze-Osterloh, J. / Hennrichs, J. / Wüstemann, J. (2014), Handbuch des Jahresabschlusses. Bilanzrecht nach HGB, EStG, IFRS. 4 Vol., 4.812 pages. Verlag Otto Schmidt. Series Co-Editor: Rechungswesen und Überwachung. Springer Publishing Group. Member of the Editorial Board of Accounting, Economics and Law - A Convivium Koch, C. / Wüstemann, J. (2014): Experimental Analysis, Handbook of Public Accountability (M. Bovens / B. Goodin / T. Schillemans (eds.)), Oxford: Oxford University Press, 127-142. Wüstemann, J. / Bischof, J. / Wüstemann, S. (2012): The Economics of Private Law, Privates Recht, (C. Bumke / A. Röthel (eds.)), Tübingen: Mohr Siebeck, 157-186. Koch, C. / Weber, M. / Wüstemann, J. (2012): Can Auditors be Independent? Experimental Evidence on the Effects of Client Type, European Accounting Review, 21, 797-823. Wüstemann, J. (2011): 315a und Anhang IFRS, Staub Handelsgesetzbuch Großkommentar (C.-W. Canaris / M. Habersack / C. Schäfer (Eds.)), 5. ed., Berlin et al.: De Gruyter, 611-1086. Wüstemann, J. / Wüstemann, S. (2010): Why Consistency of Accounting Standards Matters: A Contribution to the Rules-Versus- Principles Debate in Financial Reporting, Abacus, 46, 1-27. Wüstemann, J. / Wüstemann, S. (2009): Betriebswirtschaftliche Bilanzrechtsforschung und Grundsätze ordnungsmäßiger Gewinnrealisierung für Werkverträge, Zeitschrift für Betriebswirtschaft, 79, 31-58. Wüstemann, J. / Kierzek, S. (2007): Normative Bilanztheorie und Grundsätze ordnungsmäßiger Gewinnrealisierung für Mehrkomponentenverträge, Zeitschrift für betriebswirtschaftliche Forschung, 59, 882-913.

Dr. Michael Ebert Ernst & Young Chair of Accounting Phone: +49(0) 621/181-1661, Fax: +49(0) 621/181-1665 ebertm@bwl.uni-mannheim.de Informational Value of Disclosure, Behavioral Accounting Corporate Governance and Financial Reporting 2004 Diplom-Kaufmann (M.Sc. in Business Administration), Otto-von-Guericke-University, Magdeburg 2009 Dr. rer. pol. (Ph.D. in Business), Fall 2010 Visiting Scholar, Carnegie Mellon University in Pittsburgh, Tepper School of Business, Accounting Department Since 2010 Assistant Professor of Accounting, IFRS 7 Disclosures and Risk Perception of Financial Instruments (with Jannis Bischof), Schmalenbach Business Review, Vol. 66 (2014), pp. 1-33. Wertorientierte Vergütung des Aufsichtsrats - Auswirkungen auf den Unternehmenswert (mit N. Zein), Betriebswirtschaftliche Forschung und Praxis, No. 4 (2012), pp. 364-383. Interne Nutzung des Goodwill-Accounting als Informationsinstrument bei angestrebten Unternehmensübernahmen (with D. Simons), Zeitschrift für betriebswirtschaftliche Forschung, Special Issue 59 (2008), pp. 43-68. Professor Dr. Katharina Nicolay (née Finke) Assistant Professor of Taxation Phone: +49(0) 621/1235-397 nicolay@zew.de Taxation and the Decision Behavior of Multinational Firms Tax Reform Analysis 2006 Maîtrise en Sciences Economiques (M.Sc. in Economics), University Paris I 2008 Diplom-Kauffrau University of Tübingen 2012 Visiting Researcher Oxford Centre for Business Taxation 2013 Dr. rer pol. Since 2014 Senior Researcher ZEW, Department of Corporate Taxation and Public Finance Since 2015 Assistant Professor, Area Accounting and Taxation Fuest, C., Spengel, C., Finke, K., Heckemeyer, J. and Nusser, H. (2015), Eindämmung internationaler Gewinnverlagerung: Wo steht die OECD und was sind die Alternativen?. Steuer und Wirtschaft: StuW, 92, 90-97. Finke, K., Heckemeyer, J., Spengel, C. (2014), Assessing the Impact of Introducing an ACE Regime A Behavioural Corporate Microsimulation Analysis for Germany, ZEW Discussion Paper No. 14-033. Finke, K., Heckemeyer, J., Reister T. and Spengel, C. (2013), Impact of Tax Rate Cut Cum Base BroadeningReforms on Heterogeneous Firms - Learning from the German Tax Reform 2008, Finanzarchiv, 72-144. 11

Dr. Dennis Voeller Ernst & Young Chair of Accounting Phone: +49(0) 621/181-1638, Fax: +49(0) 621/181-1665 voeller@bwl.uni-mannheim.de Financial Reporting and Corporate Governance Tax Accounting 2006 Diplom-Kaufmann (M.Sc. in Business Administration), 2009 Visiting Scholar, Tilburg University 2011 Dr. rer. pol. (PhD in Business), 2012-2013 Visiting Scholar, University of Pennsylvania, Wharton School Since 2012 Assistant Professor of Accounting, Interdependencies between Auditing and Corporate Governance - Evidence from Germany, Schmalenbach Business Review (2013), Vol. 65, pp. 198-226 (with M. Bremert and N. Zein). Erbschaftsteuerliche Verschonungsregeln für das Betriebsvermögen ein theoretischer Ansatz zur Steuerplanung, Zeitschrift für betriebswirtschaftliche Forschung (2012), Vol. 64, pp. 2-36 (with D. Simons and M. Corsten). The Impact of Personal and Corporate Taxation on Capital Structure Choices, FinanzArchiv/Public Finance Analysis (2010), Vol. 66, pp. 263-294 (with M. Overesch).

Area Banking, Finance, and Insurance

Professor Dr. Peter Albrecht Chair of Risk Theory, Portfolio Management and Insurance Phone: +49(0) 621/181-1680, Fax: +49(0) 621/181-1681 risk@bwl.uni-mannheim.de Risk Management and Insurance Investment Management Financial and Actuarial Mathematics 1978 Graduation in Mathematics, 1981 Doctorate (Ph.D.) in Business Administration, 1986 Habilitation in Business Administration, 1987-1989 Professor, University of Heidelberg Since 1989 Professor and Chair, 1992-1993 Dean of the Business School, 2001-2002 Dean of the Business School, Since 2002 Managing Director of the Institute of Insurance Science, 2007-2009 Dean for Student Affairs, Business School of the 2009-2014 Member of the Senate of the University of Mannheim International Actuarial Association Actuarial Approach for Financial Risks-Section (former board member) German Actuarial Association (former board member) German Society for Insurance Science (former board member) German Society for Insurance Mathematics (former board member) Prizes, Awards, Honors: Dr. Kurt Hamann Award Selected Editorial Activities: Zeitschrift für die gesamte Versicherungswissenschaft (Associate Editor) Der Aktuar (Advisory Board) Editor-in-Chief of Veröffentlichungen des Instituts für Versicherungswissenschaft der Universität Mannheim and Mannheimer Vorträge zur Versicherungswissenschaft" Financial Risk Management, Stuttgart, 2015. Financial Mathematics for Students of Economics, 3rd ed., Stuttgart 2014. Value at Risk-minimal Hedging, in: Zeitschrift für betriebswirtschaftliche Forschung 2011. A Risk Analysis of Hedgefunds, in: Zeitschrift für die gesamte Versicherungswissenschaft 2008. Investment and Risk Management, 3rd ed., Stuttgart 2008. Financial and Actuarial Mathematics, Stuttgart 2007. Quantifying Operational Risks: The Loss Distribution Approach, in: German Risk and Insurance Review 2007. Understanding and Allocating Investment Risks in a Hybrid Pension Plan, in: Restructuring Retirement Risks, Oxford University Press 2006. Risk Measures, in: Encyclopedia of Actuarial Science, Wiley 2004. Risk-based Capital Allocation, in: Encyclopedia of Actuarial Science, Wiley 2004. Random Walk or Mean Reversion?, in: Kredit und Kapital 2004. Self-Annuitization, Consumption Shortfall in Retirement, and Asset Allocation: The Annuity Benchmark, in: Journal of Pension Economics and Finance 2002. Shortfall Risks of Stocks in the Long Run, in: Financial Markets and Portfolio Management 2001. On the Consequences of Insurance Contracts with a Possibility of Default - A Contribution to Behavioral Insurance, in: Zeitschrift für die gesamte Versicherungswissenschaft 2000.

Professor Ernst Maug, Ph.D. Chair of Corporate Finance Phone: +49(0) 621/181-1951, Fax: +49(0) 621/181-1664 maug@corporate-finance-mannheim.de Corporate Governance Executive Compensation Mergers and Acquisitions Shareholder Voting and Board Structures 1988 Diplom-Volkswirt, Goethe-University Frankfurt 1990 M.Sc. in Econometrics and Mathematical Economics, London School of Economics 1993 Ph.D., London School of Economics 1993-1996 Assistant Professor of Finance, London Business School 1996-2000 Assistant Professor of Finance, Fuqua School of Business, Duke University 2000-2005 Adjunct Professor of Business Administration, Fuqua School of Business, Duke University 2000-2006 Rudolf von Bennigsen-Förder Professor of Business Administration, Humboldt University Berlin Since 2002 Research Associate, European Corporate Governance Institute (ECGI) 2005 Visiting Professor, University Paris IX (Dauphine) 2008 Visiting Professorial Fellow at the University of New South Wales 2013 Visiting Professor of Finance, Fuqua School of Business, Duke University Since 2006 Professor of Corporate Finance, University of Mannheim American Finance Association Society for Financial Studies Deutsche Gesellschaft für Finanzierung Prizes, Awards, Honors: 2015: Best Discussant Award, 12th IDC Herzliya Conference 2011: Best Discussant Award, 8th IDC Herzliya Conference 2010: "Highly Commended Paper Award", 8th International Conference on Corporate Governance, Birmingham UK Teaching Award (Fachschaftslehrpreis), 2009: GSAM Best Paper Award for the best paper in the Review of Finance for When Shareholders Vote Strategically 2005: Outstanding Paper Award of the German Finance Association (for How Preussag became TUI ) 2004: JFE ECGI Clinical Paper Competition (3rd prize) Six Teaching Awards at Duke University, Humboldt University, and the Selected Editorial Activities: Editor, Finance Working Paper Series of the European Corporate Governance Institute (since 2013) Director on the executive committee of the European Finance Association (2012-2014) FMA Global Services Committee (since 2014) Associate Editor: Review of Finance (2004-2013), Schmalenbach Business Review (2005-2013) Program committees: German Finance Association 2005-2014, Western Finance Association 1996-2000 and 2007-2015, European Financial Management Association 2001, European Finance Association 2002 and 2005-2015 Alexander Hillert, Ernst Maug, and Stefan Obernberger, 2015, Stock repurchases and liquidity, Journal of Financial Economics (forthcoming). Dittmann, Ingolf, Ernst Maug, and Oliver Spalt, 2013, Indexing Executive Compensation Contracts, Review of Financial Studies, 26, pp. 3182-3224. Dittmann, Ingolf, Ernst Maug, and Oliver Spalt, 2010, Sticks or Carrots? Optimal CEO Compensation when Managers are Lossaverse, Journal of Finance, 65, pp. 2015-2050. Maug, Ernst and Kristian Rydqvist, 2009, Do Shareholders Vote Strategically? Voting Behavior, Proposal Screening, and Majority Rules, Review of Finance 13, pp. 47-79. (Winner of the GSAM Best Paper Award) Dittmann, Ingolf and Ernst Maug, 2007, Lower Salaries and No Options: The Optimal Structure of Executive Pay, Journal of Finance 62, pp. 303-343. Maug, Ernst and Bilge Yilmaz, 2002, Two-class voting: A Mechanism for Conflict Resolution, American Economic Review 92, pp. 1448-1471.

Professor Dr. Alexandra Niessen-Ruenzi Chair of Corporate Governance Phone: +49(0) 621/181-1595, Fax: +49(0) 621/181-1519 niessen@bwl.uni-mannheim.de Corporate Finance, Corporate Governance Empirical Banking Asset Management, Behavioral Finance 2005 Diplom-Kauffrau (Diploma in Business Administration), University of Cologne 2008 Visiting Scholar, Finance Department, Kellogg School of Management, Northwestern University, Chicago 2009 Visiting Scholar, Finance Department, McCombs School of Business, University of Texas at Austin 2009 Dr. rer. pol. (Ph.D. in Business), University of Cologne 2010, 2011, 2013 Visiting Researcher, Finance Department, Australian School of Business, University of New South Wales 2009-2012 Assistant Professor of Banking and Finance, Since 2012 Associate Professor of Business Administration, Corporate Governance, American Economic Association American Finance Association European Economic Association European Finance Association German Finance Association Prizes, Awards, Honors: Best Conference Paper, Rothschild Cesarea (IDC) conference, May 20-21 2012, Herzliya, Israel Emerald Best Student Paper Award, Academy of Management Annual Meetings 2008, Anaheim, USA Best Conference Paper, Midwest Finance Association Meetings 2008, San Antonio, USA Best Conference Paper Award, Annual meeting of the Society for the Advancement of Behavioral Economics, 2008, New York, USA DGF Outstanding Paper Award, Annual meeting of the German Finance Association, 2006, EBS, Germany Selected Editorial Activities: Ad-hoc reviewer for Review of Financial Studies, Review of Economic Studies, Management Science What is in a Name? Mutual Fund Flows When Managers Have Foreign Sounding Names, 2015 (with Alok Kumar and Oliver G. Spalt), Review of Financial Studies, forthcoming. Public Opinion and Executive Compensation, 2012, in: Management Science, Vol. 58, pp. 1249-1272 (with Camelia M. Kuhnen). Local Investors and Corporate Governance, 2012, in: Journal of Accounting and Economics, Vol. 54, pp. 42-67 (with Vidhi Chhaoracchia and Alok Kumar). Low Risk and High Return - Affective Attitudes and Stock Market Expectations, 2014, in: European Financial Management, Vol. 20, pp. 995-1030 (with Christoph Merkle and Alexander Kempf). The Early News Catches the Attention: On the Relative Price Impact of Similar Economic Indicators, 2010, in: Journal of Futures Markets, Vol. 30, pp. 909-937 (with Dieter Hess). Political Connectedness and Firm Performance Evidence from Germany, 2010, in: German Economic Review. Vol. 11, pp. 441 464 (with Stefan Ruenzi). How Do Commodity Futures Respond to Macroeconomic News?, 2008, in: Financial Markets and Portfolio Management, Vol. 22, pp. 127-146 (with Dieter Hess and He Huang). The Impact of Sentiment on the German Stock Market, 2012, in: Zeitschrift für Betriebswirtschaft, Vol. 82, pp. 133-163 (with Philipp Finter and Stefan Ruenzi). 16

Professor Dr. Stefan Ruenzi Chair of International Finance Phone: +49(0) 621/181-1646, Fax: +49(0) 621/181-1664 ruenzi@bwl.uni-mannheim.de Asset Management & Mutual Funds Empirical Asset Pricing Advertising & Media 2000 Diploma (M.Sc.) in Economics, University of Konstanz 2005 Dr. rer. pol. (Ph.D. in Business), University of Cologne 2007-2009 Assistant Professor (Visiting), University of Texas at Austin Since 2009 Professor of Business Administration, especially International Finance, American Finance Association (AFA) European Finance Association (EFA) Deutsche Gesellschaft für Finanzwirtschaft (DGF) Prizes, Awards, Honors: BSI Gamma Foundation Grant Global Finance Conference Best Paper Award Swisscanto Award DGF Outstanding Paper Award SABE Best Conference Paper Award SWFA Best Conference Paper Award Academy of Management Emerald Award Rothschild Caesarea Center Best Conference Paper Award CEO Ownership, Stock Market Performance, and Managerial Discretion (with Ulf von Lilienfeld-Toal), 2014, in: Journal of Finance, Vol. 69 (3), pp. 1013-1050. Is a Team Different from the Sum of Its Parts? Team Management in the Mutual Fund Industry (with Michaela Bär and Alexander Kempf), 2011, in: Review of Finance, Vol. 15 (2), pp. 359-396. Politically Connected Firms Evidence from Germany (with Alexandra Niessen), 2010, in: German Economic Review, Vol. 11 (4), pp. 441 464. Employment Risk, Compensation Incentives, and Managerial Risk Taking: Evidence from the Mutual Fund Industry (with Alexander Kempf and Tanja Thiele), 2009, in: Journal of Financial Economics, Vol. 92 (1), pp. 92-108. Tournaments in Mutual Fund Families (with Alexander Kempf), 2008, in: Review of Financial Studies, Vol. 21 (2), pp. 1013 1036. 17

Professor Dr. Sascha Steffen Chair of Financial Markets Phone: +49(0) 621/1235-140, Fax: +49(0) 621/1235-223 steffen@bwl.uni-mannheim.de Banking Financial Crises Financial Intermediation 2000-2005 Various, Risk Management Division working with Hedge Funds and Structured Credit Products, Deutsche Bank AG, Frankfurt/New York, Germany/USA 2002 Visiting Scholar, The Wharton School of Business, University of Pennsylvania, Philadelphia, Pennsylvania, USA 2003 Certified Financial Risk Manager (FRM), Global Association of Risk Professionals, Frankfurt 2004 Dipl.-Kfm., Goethe University Frankfurt 2007 Dr. rer. pol., Goethe University Frankfurt 2008 Visiting Scholar, ESMT European School of Management and Technology, Berlin 2008-2009 Post-Doc, Stern School of Business, New York University, New York, New York, USA 2009-2011 Assistant Professor (Habilitand), Department of Banking and Finance, 2012-2013 Assistant Professor, ESMT European School of Management and Technology, Berlin 2012-2014 Senior Research Fellow in Banking and Finance, Leeds University Business School, University of Leeds, UK 2012-2015 Karl-Heinz Kipp Chair in Research, ESMT European School of Management and Technology, Berlin 2013-2015 Associate Professor, ESMT European School of Management and Technology, Berlin 2014-2017 Research Professor, Institut für Wirtschaftsforschung Halle, Halle (Saale) Since 2016 Professor of Finance, Chair of Financial Markets, American Economic Association (AEA) Deutsche Gesellschaft für Finanzwirtschaft (German Finance Association, DGF) European Finance Association (EFA) The American Finance Association (AFA) Verein für Socialpolitik (German Economic Association) Western Finance Association (WFA) Prizes, Awards, Honors: Best Paper Award, The greatest carry trade ever? Understanding Eurozone bank risks, The Chinese Finance Association, 2014 Best Paper Award, The total costs of corporate borrowing in the loan market: Don't ignore the fees, German Finance Association, 2013 Best Paper Award, South Western Finance Association Meeting, 2007 Valedictorian, Goethe University Frankfurt, 2005 Award for Outstanding Academic Achievements, Goldman Sachs Foundation, 2002 Scholarship, German Academic Exchange Service, 2002 Scholarship, University of Pennsylvania, 2002 Berg, T., A. Saunders, and S. Steffen (Forthcoming). The total costs of corporate borrowing in the loan market: Don't ignore the fees. Journal of Finance. Acharya, V., and S. Steffen (2015). The greatest carry trade ever? Understanding Eurozone bank risks. Journal of Financial Economics 115(2): 215 236. Saunders, A., and S. Steffen (2011). The costs of being private: Evidence from the loan market. Review of Financial Studies 24(12): 4091 4122. Puri, M., J. Rocholl, and S. Steffen (2011). Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects. Journal of Financial Economics 100(3): 556 578. 18

Professor Dr. Eva Terberger Chair of Development Finance Phone: +49(0) 621/181-3016, Fax: +49(0) 621/181-1665 eterberg@mail.uni-mannheim.de Development Finance, esp. Microfinance Evaluation of Development Impacts Development of Financial Markets, Corporate Finance 1980 MBA (Diplomexamen) of the University of Frankfurt 1986 Conferral of a doctorate (Ph.D.) in Business Administration, University of Frankfurt/M. 1993 Habilitation, University of Frankfurt/M. (Business Administration) 1980-1985 Research Assistant at the Chair of Corporate Finance, Department of Economics, University of Frankfurt/M. 1986-1989 Temporary teaching appointments, European Business School, Oestrich-Winkel (1986) and University of Trier (1987-1989) 1986-1992 Research Assistant at the Department of Economics, University of Frankfurt/M. 1992-1993 Representation of the Professorship of Business Administration, University of Trier 1993-2008 Professor of Banking and Finance at the Alfred Weber Institute for Economics, University of Heidelberg Since 2008 Professor of Development Finance, 2008-2018 Academic leave of absence to head the Financial Cooperation Evaluation Department at KfW Entwicklungsbank (development bank) Verein für Socialpolitik, VHB (German Academic Association for Business Research), German Finance Association Since 2013 Member of the Evaluation Advisory Panel at FMO (Dutch Entrepreneurial Development Bank) 1998-2009 Member of the scientific advisory board at the Federal Ministry for Economic Cooperation and Development, 2000-2004 Chairwoman 2004/2005 Member of the organizing committee of the Conference on Bank Relationships, Credit Extension, and the Macroeconomy (2005) at the DIW in Berlin 2000-2003 Member of the university council, University of Heidelberg Terberger, Eva (2012): The Microfinance Approach: Does it deliver on its promise?, in: Swiss Journal of Business Research (Die Unternehmung), Vol. 66, pp. 358-370. Schäfer, Dorothea / Siliverstovs, Boriss / Terberger, Eva (2010): Banking competition, good or bad?: The case of promoting micro and small enterprise finance in Kazakhstan, in: Applied Economics, No. 475. Terberger, Eva (2009): Subprime-Krise, strukturierte Finanzierung und die Förderung der Mikrokreditvergabe, in: DIW Vierteljahreshefte, Vol. 78, Issue 1, pp. 40-55. Terberger, Eva (2003): Microfinance institutions in the development of financial markets, in: United Nations, Cepal Review 81, pp. 187-202, also published in Spanish: Instituciones de microfinanciación en el desarrollo de mercados financieros, in: Naciones Unidas, CEPAL (Comisíon Económica para America Latina y el Caribe) Revista de la CEPAL 81, pp. 195-211. Terberger, Eva (2003): The German Financial System: Great Institutional Change and Little Effect?, in: JITE, Vol. 159, No. 4, pp. 707 716. Terberger, Eva (2003): Überlegungen zu einem Insolvenzrecht für Staaten, in: Dabrowski, M. / Fisch, A. / Gabriel, K. und Lienkamp, C. (Hrsg.): Diskussion um ein Insolvenzrecht für Staaten, Volkswirtschaftliche Schriften, Issue 530, pp. 271 281. Terberger, Eva (2002): Basel II: Keine direkte Benachteiligung des Mittelstandes, in: Betriebsberater, 57. Jg., Heft 14, Suppl. Banken und Versicherungen, pp. 12 19. Schmidt, Reinhard H. / Terberger, Eva (2006): Grundzüge der Investitions- und Finanzierungstheorie, 4th ed., reprint, Wiesbaden. Terberger, Eva (1994): Neo-institutionalistische Ansätze, Entstehung und Wandel - Anspruch und Wirklichkeit, Habilitation, Wiesbaden. 19

Professor Dr. Erik Theissen Chair of Finance Phone: +49(0) 621/181-1517, Fax: +49(0) 621/181-1519 theissen@uni-mannheim.de Empirical Research in Financial Markets Market Microstructure Corporate Finance 1992 Diplom-Kaufmann (M.Sc. in Business Administration), University of Gießen 1992 1995 Research Assistant and Ph.D. candidate, Department of Economics and Business Administration, University of Gießen 1995 1998 Research Assistant and Ph.D. candidate, Department of Economics and Business Administration, University of Frankfurt 1998 2000 Assistant Professor in Finance, Department of Economics and Business Administration, University of Frankfurt 1999 2000 Visiting Assistant Professor at Groupe HEC, Jouyen-Josas, France (funded by a TMR postdoctoral fellowship) 2004 2005 Visiting Professor, Thammasat University, Bangkok 2000 2009 Professor, Department of Economics, University of Bonn since 2009 Professor, Finance Area, European Finance Association American Finance Association Western Finance Association Deutsche Gesellschaft für Finanzwirtschaft Verband der Hochschullehrer für Betriebswirtschaft e.v. (VHB) (German Academic Association for Business Research) Schmalenbach-Gesellschaft Verein für Socialpolitik Prizes, Awards, Honors: Excellence in Executive Teaching Award 2015 Best Paper Award, German Finance Association Research Award sponsored by Bethmann Bank Best Paper Award, Verband der Hochschullehrer für Betriebswirtschaft Dissertation Award sponsored by Deutsches Aktieninstitut Fellowship awarded by the German National Academic Foundation (Studienstiftung des deutschen Volkes) Selected Editorial Activities: Zeitschrift für betriebswirtschaftliche Forschung Schmalenbach Business Review Review of Behavioral Finance Strategic Trading and Trade Reporting by Corporate Insiders. Review of Finance 19 (2015), 865-905. (with André Betzer, Jasmin Gider, Daniel Metzger). Should I Stay or Should I Go? Former CEOs as Monitors. Journal of Corporate Finance 28 (2014), 26-47. (with Christian Andres, Erik Fernau). Short sale constraints, divergence of opinion and asset prices: Evidence from the Laboratory. Journal of Economic Behavior and Organisation 101 (2014), 113-127. (with Gerlinde Fellner). Market Response to Investor Sentiment. Journal of Business Finance and Accounting 40 (2013), 901-917. (with Jördis Hengelbrock, Christian Westheide). Sooner or Later: Delays in Trade Reporting by Corporate Insiders. Journal of Business Finance and Accounting 37 (2010), 130-147. (with André Betzer). Competition Between Exchanges: Euronext versus Xetra. European Financial Management 15 (2009), 181-207. (with Maria Kasch). Setting a Fox to Keep the Geese: Does the Comply-or-Explain Principle Work? Journal of Corporate Finance 14 (2008), 289-301. (with Christian Andres). Does Anonymity Matter in Electronic Limit Order Markets? Review of Financial Studies 20 (2007), 1707-1747. (with Thierry Foucault, Sophie Moinas). Estimating the Probability of Informed Trading - Does Trade Misclassification Matter? Journal of Financial Markets 10 (2007), 26-47. (with Ekkehart Boehmer, Joachim Grammig).

Professor Dr. Dr. h.c. Martin Weber Chair of Finance, especially Banking Phone: +49(0) 621/181-1532, Fax: +49(0) 621/181-1534 weber@bank.bwl.uni-mannheim.de Banking Empirical Research on Capital Markets Experimental Economics Decision Theory 1975 Diplom-Mathematiker (M.Sc. in Mathematics), University of Aachen 1977 Diplom-Wirtschaftsmathematiker (M.B.A.), University of Aachen 1981 Dr. rer. pol. (Ph.D. in Business), University of Aachen 1988 Habilitation in Business Administration, University of Aachen 1988-1989 Professor of Business Administration, School of Management, University of Cologne 1989-1993 Professor of Business Administration, especially Decision Theory, University of Kiel Since 1993 Professor of Business Administration, especially Banking and Finance, Member of Sections in the Verein für Socialpolitik: Ausschuss für Unternehmenstheorie, Theoretischer Ausschuss (1993-2005) und Socialwissenschaftlicher Ausschuss (President 1997-1999) Board Member of the Economic Science Association (European Secretary,1996-1999) Research Fellow at the CEPR, London, since 2002 Fachkollegium der Wirtschaftswissenschaften der DFG (Review Committee, 2004-2008) Member of The German Academy of Natural Scientists Leopoldina and of the Berlin-Brandenburg Academy of Sciences and Humanities Prizes, Awards, Honors: Honorary Doctoral Degree, University of Münster (2007) Selected Editorial Activities: Management Science (1998-2002) Journal of Risk and Uncertainty Perspektiven der Wirtschaftspolitik The Journal of Behavioral Finance Annals of Finance Review of Managerial Science Die Betriebswirtschaft (DBW) Jacobs, H., S. Müller and M. Weber (2014), How Should Individual Investors Diversify? - An Empirical Evaluation of Alternative Asset Allocation Policies, Journal of Financial Markets, 19, 62-85. Kaufmann, C., Weber, M. and E. Haisley, (2013), The Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite, Management Science, 59, 323-340. Jacobs, H. and M. Weber (2012), The Trading Volume Impact of Local Bias: Evidence from a Natural Experiment, Review of Finance, 16, 867-901. Baucells, M., Weber, M. and F. Welfens (2011), Reference Point Formation and Updating, Management Science, 57, 506-519. Norden, L. and M. Weber (2010), Credit Line Usage, Checking Account Activitiy, and Default Risk of Bank Borrowers, Review of Financial Studies, 23, 3665-3699. Müller, S. and M. Weber (2010), Financial Literacy and Mutual Fund Investments: Who Buys Actively Managed Funds?, Schmalenbach Business Review, 62, 126-153. Biais, B. and M. Weber (2009), Hindsight Bias, Risk Perception and Investment Performance, Management Science, 55, 1018-1029. Glaser, M. and M. Weber (2009), Which Past Returns Affect Trading Volume?, Journal of Financial Markets, 12, 1-31. Klos, A. and M. Weber (2006), Portfolio Choice in the Presence of Nontradeable Income: An Experimental Analysis, German Economic Review, 7, 427-448. Klos, A., Weber, E.U., and M. Weber (2005), Investment Decisions and Time Horizon: Risk Perception and Risk Behavior in Repeated Gambles, Management Science, 51, 1777-1790. Abdellaoui, M., Vossmann, F., and M. Weber (2005), Choice-based Elicitation and Decomposition of Decision Weights for Gains and Losses under Uncertainty, Management Science, 51, 1384-1399. 21

Victoria Atanasov, Ph.D. Center for Doctoral Studies in Business (CDSB) Phone: +49(0) 621/181-2984, Fax: +49(0) 621/181-1519 atanasov@uni-mannheim.de Macro-Finance Empirical Asset Pricing International Finance 2005 BSc in Finance, Canisius College, Buffalo 2005 Diplom-Volkswirtin, University of Dortmund 2011 PhD in Economics, University of Zurich 2010-2013 Economist, Deutsche Bundesbank 2012-2013 Visiting Assistant Professor, University of Mainz 2013-2015 Assistant Professor, VU University Amsterdam Since 2015 Visiting Professor, Foreign currency returns and systematic risks, with Thomas Nitschka, 2015, in: Journal of Financial and Quantitative Analysis, Vol. 50(1/2), pp. 231-250. Currency excess returns and global downside market risk, with Thomas Nitschka, 2014, in: Journal of Money and Finance, Vol. 47, pp. 268-285. Good times, bad times: Inflation uncertainty and equity returns, 2013, in: Quantitative Finance, Vol. 13(9), pp. 1331-1342. Downside risk of international stock returns, 2012, in: Journal of Banking and Finance, Vol. 36(8), pp. 2379-2388. The cross-section of equity returns and assets fundamental cashflow risk, 2010, in: Financial Markets and Portfolio Management, Vol. 24(4), pp. 327-351. Dr. Inga van den Bongard Chair of Finance Phone: +49(0) 621/181-1524 ivdb@uni-mannheim.de Corporate Governance Corporate Finance 2007 Diplom-Volkswirtin (M.Sc. in Economics), University of Bonn 2013 Dr.rer.pol. (Ph.D. in Economics), University of Bonn Since 2014 Assistant Professor of Finance, Is Busy Really Busy? Board Governance Revisited (with C. Andres and M. Lehmann), Journal of Business Finance and Accounting, Vol. 40 (2013), pp. 1221-1246. The Information Content of Dividend Surprises: Evidence from Germany (with C. Andres, A. Betzer, C. Haesner and E. Theissen), Journal of Business Finance and Accounting Vol. 40 (2013), pp. 620-645. Das Ende der Deutschland AG [The Demise of Germany Inc.] (with C. Andres and A. Betzer), Kredit & Kapital, Vol. 44 (2011), pp. 185-216.