Researchers
Andrea Schertler
Research interests

- Empirical banking
- Bank risk governance
- Pricing structured financial products
Key publications:
Pugachev, L. and A. Schertler. Neglecting Peter to fix Paul: How shared directors transmit bank shocks to non-financial firms.
Journal of Financial and Quantitative Analysis (forthcoming). https://doi.org/10.1017/S0022109020000587
Bornemann, S., T. Kick, A. Pfingsten and A.Schertler. Earnings baths by CEOs during turnovers: Empirical evidence from German savings banks. Journal of Banking and Finance, 53 (4), 188-201. 2015. https://doi.org/10.1016/j.jbankfin.2014.12.005
Schertler, A. Pricing effects when competitors arrive: The case of discount certificates in Germany. Journal of Banking and Finance, 68, 84-99. 2016. https://doi.org/10.1016/j.jbankfin.2016.03.009
Roland Mestel
Research interests

- Financial market microstructure
- Blockchain finance and cryptocurrency markets
- Portfolio choice and investment decisions
Key publications:
Brauneis, A., Mestel, R., 2018. Price discovery of cryptocurrencies:
Bitcoin and beyond. Economics Letters 165.
https://doi.org/10.1016/j.econlet.2018.02.001
Brauneis, A., Mestel, R., Palan, S. 2013. Inducing Low-Carbon Investment in the Electric Power Industry through a Price Floor for Emissions Trading. Energy Policy 53. https://doi.org/10.1016/j.enpol.2012.10.048
Cela, E., Hafner, S., Mestel, R., Pferschy, U. 2021. Mean-variance portfolio optimization based on ordinal information. Journal of Banking and Finance 122. https://doi.org/10.1016/j.jbankfin.2020.105989
Stefan Palan
Research interests

- Experimental finance
- Perception of risk and return
- Mispricing and anomalies in capital markets
Key publications:
Giamattei, M., Huber, J., Lambsdorff, J. G., Nicklisch, A., Palan, S., 2020. Who inflates the bubble? Forecasters and traders in experimental asset markets, Journal of Economic Dynamics and Control. 110. doi.org/10.1007/s10683-019-09631-0
Huber, J., Palan, S., Zeisberger, S., 2019. Does investor risk perception drive asset prices in markets? Experimental evidence. Journal of Banking & Finance 108. dx.doi.org/10.2139/ssrn.3007878
Kirchler, M., Palan, S., 2018. Immaterial and monetary gifts in economic transactions. Evidence from the field. Experimental Economics 21(1), 205–230. doi.org/10.1007/s10683-017-9536-1
Jürgen Brandner
Research interests

- Experimental finance
- Market anomalies (esp. post-earnings-announcement drift)
Josef Fink
Research interests

- Experimental finance
- Kapitalmarktanomalien (insb. post-earnings-announcement drift)
Michael Kueschnig
Research interests

- Empirical banking
- Banking regulation
Kerstin Mitterbacher
Research interests

- Behavioral economics (Verhaltensökonomie)
- Experimental migration research (Experimentelle Migrationsforschung)
Viktoria Maria Steffen
Research interests

- Financial market microstructure
Key publications:
Mestel, R./Steffen, V. in Laurer/M.Schütz/Kammel/Ratka,
BWG Kommentierung des Bankwesengesetzes sowie der CRR,
Art 242-270e CRR, 5. Auflage.
Fleiß, J./Gutschelhofer, A./Mestel, R./Steffen, V.: Digitalisierung und Kundenverhalten im Retail Banking am Beispiel der Millennials, in: Pernsteiner, U./Sumer, H./Ulusan Polat, M. (Hrsg.): Behavioral Finance, Wien 2019, S. 113-132.
Florian Stöckler
Research interests
