Prof. Dr. Oliver Spalt
University of Mannheim
Business School
L 9, 1–2 – Room 307
68161 Mannheim
Phone: +49 621 181-1587
E-mail: spaltuni-mannheim.de
Prof. Dr. Oliver G. Spalt holds the Chair of Financial Markets and Financial Institutions at the University of Mannheim.
His broad research agenda focuses on the empirical and theoretical analysis of financial decision making of households, corporations, and investors. A particular focus of his work is Behavioral Finance, Corporate Governance, and Financial Institutions. His research is regularly presented at top international conferences and leading international business schools. His work is published in the most prestigious academic journals including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. Professor Spalt has received numerous awards, including more than ten excellent teacher awards. While working at Tilburg University was repeatedly included in the “Top 40 economists in the Netherlands” list. He was the recipient of a prestigious VIDI grant from The Netherlands Organisation for Scientific Research (NWO). Professor Spalt is Research Member of the European Corporate Governance Institute (ECGI). Oliver Spalt ranks second among all researchers under 40 by A+ publications in the Wirtschaftswoche/Forschungsmonitoring BWL Forscher-Ranking 2019.
Before joining the University of Mannheim in September 2019, Professor Spalt has been Professor of Behavioral Finance at Tilburg University. Prior to that, he has taught at the University of Texas at Austin. He holds a PhD in Finance from the University of Mannheim.
Publications
- Kempf, E. and Spalt, O. (2023). Attracting the sharks: Corporate innovation and securities class action lawsuits. Management Science, 69, 1805-1834.
- Schneider, C. and Spalt, O. (2021). Bidder and target size effects in M&A are not driven by overconfidence or agency problems. Critical Finance Review (forthcoming).
- Baele, L., Driessen, J., Ebert, S., Londono, J. M. and Spalt, O. (2019). Cumulative prospect theory, option returns, and the variance premium. The Review of Financial Studies, 32, 3667-3723.
- Kempf, E., Manconi, A. and Spalt, O. (2017). Distracted shareholders and corporate actions. The Review of Financial Studies, 30, 1660-1695.
- Schneider, C. and Spalt, O. (2017). Acquisitions as lotteries? The selection of target-firm risk and its impact on merger outcomes. Critical Finance Review, 6, 77–132.
- Kumar, A., Page, J. K. and Spalt, O. (2016). Gambling and comovement. Journal of Financial and Quantitative Analysis : JFQA, 51, 85–111.
- Schneider, C. and Spalt, O. (2016). Conglomerate investment, skewness, and the CEO long shot bias. The Journal of Finance, 71, 635–672.
- Kumar, A., Niessen-Ruenzi, A. and Spalt, O. (2015). What is in a name? Mutual fund flows when managers have foreign-sounding names. The Review of Financial Studies, 28, 2281-2321.
- Dittmann, I., Maug, E. and Spalt, O. (2013). Indexing executive compensation contracts. The Review of Financial Studies, 26, 3182-3224.
- Kumar, A., Page, J. K. and Spalt, O. (2013). Investor sentiment and return comovements: Evidence from stock splits and headquarters changes. Review of Finance, 17, 921–953.
- Spalt, O. (2013). Probability weighting and employee stock options. Journal of Financial and Quantitative Analysis : JFQA, 48, 1085-1118.
- Kumar, A., Page, J. K. and Spalt, O. (2011). Religious beliefs, gambling attitudes, and financial market outcomes. Journal of Financial Economics, 102, 671–708.
- Dittmann, I., Maug, E. and Spalt, O. (2010). Sticks or carrots? Optimal CEO compensation when managers are loss averse. The Journal of Finance, 65, 2015–2050.