FIN 604 – Stata in Finance

General Information

The topic of this course is the practical application of the statistics program “Stata” in Finance research. The course contains three major sections: How to use Stata, an introduction to the usage of the most common databases in Finance at this university, and an application example. In the first section, we will introduce project and data management with Stata. In addition, we will teach estimation techniques and programming basics. In the second section, we will show where to get access to common datasets in Finance research. In the last section, students will have the chance to apply their knowledge to a practical example.

Learning Outcomes:

  • Prepare students with practical methods for conducting empirical Finance research
  • Students learn how to load, manipulate, and evaluate data using Stata
  • Students learn where they can access popular databases used in Finance at the University of Mannheim


Dr. Stefan Scharnowski

Dr. Stefan Scharnowski

University of Mannheim
Business School
L 9, 1–2 – Room 510
68161 Mannheim
Phone: +49 621 181-1521
Fax: +49 621 181-1519
E-mail: scharnowski
Web: Personal Website
ORCID iD: 0000-0002-3755-1821
Consultation hour(s):
by appointment

Further Information

  • Time & Venue

    The course FIN 604 will be offered next time in January 2024. We communicate important updates and announcements via the forum in the course's Ilias group. Please check it regularly or set an eMail alert.

    This is the preliminary schedule:

    Getting to know StataJanuary 4th9am – afternoon158 PC-Pool (L 7, 3–5)
    Database ManipulationJanuary 5th9am – afternoon158 PC-Pool (L 7, 3–5)

    Estimation & Basic Programming Structures

    January 8th9am – afternoon158 PC-Pool (L 7, 3–5)
    Case StudyJanuary 9th9am – 1pm158 PC-Pool (L 7, 3–5)

    Every student will need their own copy of Stata installed on their own computer. Stata can be obtained at the University-IT. Please make sure to plan ahead, as the University-IT might be on break when the course starts!

  • Language

    The course is taught in English. All materials and the exam will be in English.

  • Assessment

    The final grade (only pass/fail) will be based on a take home exam. The exam will take place directly after the course. Typically, the exam begins on the last day of class at 2pm and ends the following day at 10pm (there may be exceptions depending on state holidays).

    Every student taking the course for credit has to register for the final exam (joining the Ilias group is not sufficient). Please make sure to register for the exam well ahead of time (three business days before the exam the latest, but ideally much earlier).

    In the fall semester of 2023, the exam will probably begin January 10th, 2024, at 2pm. The deadline for submitting the answers is January 11th, 2024, 10pm. There may still be changes to this schedule.

    There is only one exam date per semester. A second attempt at the exam is hence only possible in the respective following semester.

  • Registration & Access

    To take this course for credit, registration for the exam in Portal2 is necessary. In addition, the registration form in Ilias (Mandatory Registration Form) needs to be completed. The registration period will start a few weeks before the lectures start. (December 11th to 22nd in the fall semester 2023.) You will then find the form in the Ilias group. Only joining the Ilias group or registering for the exam in Portal2 is not sufficient, you have to fill in the form and be admitted to the course!

    As there is limited space in the BWL-PC-Pool, the maximum number of participants is limited to 36. Due to the given space restrictions, no extension in the number of participants is possible. In case the number of registrations exceeds the participation limit, a selection process will take place. If there are more applicants than slots, students will be preferred that are planning to write an empirical seminar thesis in the Finance Area in the same semester.

    You will receive an e-Mail if you have been admitted to the course. If you have not been admitted, we will remove you from the course's Ilias group. Registrations for the exam of students not admitted to the course will be withdrawn. You will see this in Portal2 a few days before the exam.

  • Teaching Evaluations