Chair of International Finance

Prof. Dr. Stefan Ruenzi

Prof. Dr. Stefan Ruenzi

We offer courses at all levels (Bachelor, Master, MBA, and PhD) and conduct research on various aspects of financial markets, with a focus on asset management & mutual funds, empirical asset pricing & liquidity, as well as media & advertising. For details, please see the specific pages on research or teaching.

Selected Publications

Focke, F., Ruenzi, S., Ungeheuer, M. (2020): Advertising, Attention and Financial MarketsReview of Financial Studies (forthcoming). 

Niessen-Ruenzi, A.Ruenzi, S. (2019): Sex Matters – Gender Bias in the Mutual Fund Industr, Management Science, Vol. 65 (7), pp. 3001-3025.

Chabi-Yo F., Ruenzi, S., Weigert F. (2018): Crash Sensitivity and the Cross Section of Expected Stock ReturnsJournal of Financial and Quantitative Analysis, Vol. 53 (3), pp. 1059-1100.

Ruenzi, S., Hoechle, D., Schaub, N., Schmid, M. (2018): Financial Advice and Bank ProfitsReview of Financial Studies, Vol. 31 (11), pp. 4447-4492.

Agarwal, V., Ruenzi, S., Weigert, F. (2017): Tail Risk in Hedge Funds: A Unique View from Portfolio HoldingsJournal of Financial Economics, Vol. 125 (3), pp. 610-636.

Focke, F., Maug, E. G., Niessen-Ruenzi, A. (2017): The Impact of Firm Prestige on Executive CompensationJournal of Financial Economics, Vol. 123 (2), pp. 313-336.

Koch, A., Ruenzi, S., Starks, L. T. (2016): Commonality in Liquidity: A Demand-Side ExplanationReview of Financial Studies, Vol. 29 (8), pp. 1943-1974.

von Lilienfeld-Toal, U., Ruenzi, S. (2014): CEO Ownership, Stock Market Performance, and Managerial DiscretionJournal of Finance, Vol. 69 (3), pp. 1013-1050.

Hillert, A., Jacobs, H., Müller, S. (2014), Media Makes MomentumReview of Financial Studies, Vol. 27 (12), pp. 3467-3501.

Fang, J., Kempf, A., Trapp, M. (2014), Fund Manager AllocationJournal of Financial Economics, Vol. 111 (3), pp. 661-674.

Kempf, A., Ruenzi, S., Thiele, T. (2009): Employment Risk, Compensation Incentives, and Managerial Risk Taking: Evidence from the Mutual Fund IndustryJournal of Financial Economics, Vol. 92 (1), pp. 92-108.

Kempf, A., Ruenzi, S. (2008)Tournaments in Mutual-Fund FamiliesReview of Financial Studies, Vol. 21 (2), pp. 1013-1036.

The Chair at a Glance

Photo credit: Felix Zeiffer

An overview of all courses held by Professor Ruenzi and his team will help you plan your semester. You can also get information about writing a thesis at the Chair.

Photo credit: Felix Zeiffer

Have a look at our publications, conference items and current research projects.

Photo credit: Felix Zeiffer

Our team of researchers will be happy to get in touch with you.

Photo credit: Felix Zeiffer
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