Prof. Dr. Stefan Ruenzi

Universität Mannheim
Fakultät für Betriebs­wirtschafts­lehre
Lehr­stuhl für Internationale Finanzierung
D - 68161 Mannheim

Büro: L 9, 1-2, Raum 310
Tel.: +49 (0)621 181 1646
Fax: +49 (0) 621 181-1664

nach Vereinbarung


Curriculum Vitae

Hier ansehen.



seit 09/2009

Professor of Finance an der Universität Mannheim

2005-2009 Habilitation an der Universität zu Köln
2000-2005 Promotion an der Univeristät zu Köln

Diplom in Wirtschafts­wissenschaften and der Universität Konstanz


Internationale Erfahrungen

2016 Gastforscher an der Higher School of Economics (HSE), Moskau, Russland 
2016 Gastprofessor an der Business School der Hong Kong University of Science and Technology, Hong Kong
2013, 2012, 2011, 2006 Gastforscher an der School of Banking and Finance der University of New South Wales, Sydney, Australien
2010, 2005

Forscher am J. Mack Robinson College of Business der Georgia State University als Visiting Professor, Atlanta, USA


Assistenzprofessur in Finance (Visiting) am Department of Finance der McCombs School of Business, Austin, USA


Auslands­studium an der University of Adelaide, Australien


Ausgewählte Publikationen

  • Financial Advice and Bank Profits
    (with Daniel Hoechle, Nic Schaub, and Markus Schmid), Review of Financial Studies (forthcoming).
  • Sex Matters - Gender Bias in the Mutual Fund Industry“ 
    (with Alexandra Niessen-Ruenzi), Management Science (forthcoming). Download here.
  • Extreme Dependence and the Cross-Section of Expected Stock Returns“ 
    (with Fousseni Chabi-Yo and Florian Weigert), Journal of Financial and Quantitative Analysis, Vol. 53 (3), p. 1059- 1100. Download here.
  • Tail Risk in Hedge Funds: A Unique View from Portfolio Holdings“ 
    (with Vikas Agarwal and Florian Weigert),  Journal of Financial EconomicsVol. 125 (3), pp. 610-636. Download here.
  • The Impact of Financial Advice on Trade Performance and Behavioral Biases“ 
    (with Daniel Hoechle, Nic Schaub, and Markus Schmid), Review of FinanceVol. 21 (2), p. 871-910. Download here.
  • „Commonality in Liquidity - A Demand Side Explanation
    (with Andrew Koch and Laura Starks),  Review of Financial Studies, 2016, Vol. 29 (8), pp. 1943-1974. Download here.
  • „CEO Ownership, Stock Market Performance and Managerial Discretion“ 
    (with Ulf von Lilienfeld-Toal), Journal of Finance, 2014, Vol. 69, pp. 1013 - 1050. Download here.
  • „Is a Team Different from the Sum of Its Parts? Team Management in the Mutual Fund Industry"  
    (with Michaela Bär and Alexander Kempf), Review of Finance, Vol. 15 (2), p. 359-396. Download here.
  • Employment Risk, Compensation Incentives, and Managerial Risk Taking: Evidence from the Mutual Fund Industry“ 
    (with A. Kempf and T. Thiele), Journal of Financial Economics, 2009, Vol. 92, pp. 92 - 108. Download here.
  • Tournaments in Mutual Fund Families“ 
    (with A. Kempf), Review of Financial Studies, 2008, Vol.  21 (2), pp. 1013 - 1036. Download here.


Ausgewählte Arbeits­papiere

  • Advertising, Attention, and Financial Markets
    (with Michael Ungeheuer and Florens Focke), 2017. Download here.
  • The Impact of Role Models on Women's Self-Selection in Competitive Environments
    (with Kristina Meier and Alexandra Niessen-Ruenzi), 2017. Download here.
  • "Extreme Downside Liquidity Risk“
    (with Michael Ungeheuer and Florian Weigert), 2017. Download here.
  • Daily Winners and Losers
    (with Alok Kumar and Michael Ungeheuer), 2017 (AFA 2018). Download here.


Akademische Auszeichnungen

  • Engelbert Dockner Memorial Prize, Best Paper Award, for "Financial Advice and Bank Profits“ (2017)
  • bai Research Award, for "Financial Advice and Bank Profits“ (2017)
  • Rothschild Caesare Center Conference, Herzilya, Best Paper Award, for "Sex Matters - Gender and Prejudice in the Mutual Fund Industry“ (2012)
  • SWFA Best Conference Paper Award, Southwest Finance Association Annual Meeting für "Why Managers Hold Shares of Their Firm: Empirical Evidence“ (2008)
  • Academy of Management Emerald Best Student Paper,  Academy of Management Annual Meeting für The Impact of Work Group Diversity on Performance: Large Sample Evidence from the Mutual Fund Industry (2008)
  • SABE Best Conference Paper Award, for "Sex Matters: Gender Differences in a Professional Setting“ (2007)
  • Acatis Value Price (2. Platz), Award for the best Paper focusing on “Value Investing“ for „Why Managers Hold Shares of Their Firm: Empirical Evidence“ (2007)
  • DGF Outstanding Conference Paper, Best Paper Award at the 13th annual conference of the DGF for "Sex Matters: Gender Differences in a Professional Setting“ (2006)
  • Swisscanto Award, Best professional paper in „Financial Markets and Portfolio Management“ for „Mutual Fund Growth in Standard and Specialist Market Segments“ (2005)
  • GFC Best Paper Award, 10th Global Finance Conference für „Tournaments in Mutual Fund Families“ (2003)
  • BSI Gamma Foundation Grant, Research fellowship for „Tournaments in the Mutual Fund Industry“ (2001)



  •  ZeitschriftenJournal of Finance, Review of Financial Studies, Review of Finance, Journal of Economic Behavior and Organization, Journal of Financial Markets and many more.



  • Artikel zu meiner Forschung wurden veröffentlicht in: New York Times, Wall Street Journal, International Herald Tribune, Financial Times, La Nación, Les Echos, Le Temps, Valor Econômico, FAZ, Handels­blatt, Süddeutsche Zeitung, Zeitung, Financial Times Deutschland, New Zürcher Zeitung, u.v.a.
  • Weitere Medienberichterstattung in zahlreichen Online-Publikationen, Radiosendungen (z. B. WDR, Radio-Z) sowie im Fernsehen (ARD Morgenmagazin).