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Prof. Dr. Alexander Kempf

Prof. Dr. Alexander Kempf - Department of Business Administration and Finance

Research focuses

Mutual- and Hedge Funds, Asset Management, Risk Management, Empirical Finance

Curriculum Vitae

  • Since 2006 Member of the North Rhine-Westphalian Academy of Sciences, Humanities, and the Arts
  • Since 2004 Managing Director of the Centre for Financial Research Cologne (CFR)
  • Since 1999 Professor of Business Administration at the University of Cologne and Director of the Department of Business Administration and Finance at the University of Cologne
  • 2008 - 2011 Member of the Executive Board of the Cologne Graduate School
  • 2006 - 2008 Member of the Executive Board of the European Finance Association (EFA)
  • 2006 - 2007 Spokesman of the Commission “Banking and Finance” of the German Academic Association for Business Research
  • 2002 - 2006 Editor of the Journal “Die Betriebswirtschaft”
  • 2002 - 2011 Spokesman of the Graduate School „Theoretical and Empirical Foundations of Risk Managements”
  • 1999 Temporary Chair Holder at the Department of Business Administration, particular Finance and Capital Market Theory at European University Viadrina in Frankfurt (Oder)
  • 1999 Postdoctoral lecture qualification: “Wertpapierliquidität und Wertpapierpreise” at the University of Mannheim, Venia legend in Business Administration
  • 1995 Conferral of the Doctorate rer.pol.: “Zum Preiszusammenhang zwischen Kassa- und Futuresmärkten: Der Einfluss der Glattstellungsoption” at the University of Mannheim

Selected Publications

  • Speed of Information Diffusion within Fund Families (mit C. Cici, S. Jaspersen), erscheint in: Review of Asset Pricing Studies
  • Do Financial Advisors Provide Tangible Benefits for Investors? Evidence from Tax-Motivated Mutual Fund Flows (mit G. Cici, C. Sorhage), erscheint in: Review of Finance.
  • The Valuation of Hedge Funds' Equity Positions, forthcoming in: Journal of Financial and Quantitative Analysis (with G. Cici, A. Pütz)
  • Portfolio Optimization Using Forward-Looking Information, forthcoming in: Review of Finance, Vol. 19 (2015), pp. 467-490 (with O. Korn, S. Saßning
  • Fund Manager Allocation, in: Journal of Financial Economics, Volume 111 (2014), pp. 661-674 (with J. Fang, M. Trapp)
  • The Term Structure of Illiquidity Premia, Journal of Banking and Finance, Vol. 36 (2012), pp. 1381-1391 (with O. Korn, M. Uhrig-Homburg)
  • Is a Team Different from the Sum of its Parts? Evidence from Mutual Fund Managers, in: Review of Finance, Vol. 15 (2011), pp. 359-396 (with M. Bär, S. Rünzi)
  • Employment Risk, Compensation Incentives and Managerial Risk Taking, in: Journal of Financial Economics, Vol. 92 (2009), pp. 92-108 (with T. Thiele, S. Rünzi)
  • Tournaments in Mutual Fund Families, in: Review in Financial Studies, Vol. 21 (2008), pp. 1013-1036 (with S. Rünzi)
  • Portfolio Optimization Using Forward-Looking Information (with O. Korn, S. Saßning), forthcoming in: Review of Finance
  • Low Risk and High Return – Affective Attitudes and Stock Market Expectations (with C. Merkle, A. Niessen-Rünzi), forthcoming in: European Financial Management 
  • Fund Manager Allocation, in: Journal of Financial Economics, Volume 111, 2014, pp. 661-674 (with J. Fang, M. Trapp)
  • The Value of Tradeability, in: Review of Derivatives Research, Vol. 15, 2012, pp. 193-216 (with M. Chesney)
  • The Term Structure of Illiquidity Premia, Journal of Banking and Finance, Vol. 36, 2012, pp. 1381-1391 (with O. Korn, M. Uhrig-Homburg)
  • Is a Team Different from the Sum of its Parts? Evidence from Mutual Fund Managers, in: Review of Finance, Vol. 15 (2011), pp. 359-396 (with M. Bär, S. Rünzi)
  • Fundamental Information in Technical Trading Strategies, in: Journal of Business Finance and Accounting, Vol. 38 (2011), pp. 842-860 (with U. Bonenkamp, C. Homburg)
  • Employment Risk, Compensation Incentives and Managerial Risk Taking, in: Journal of Financial Economics, Vol. 92 (2009), pp. 92-108 (with T. Thiele, S. Rünzi)
  • Tournaments in Mutual Fund Families, in: Review in Financial Studies, Vol. 21 (2008), pp. 1013-1036 (with S. Rünzi)
  • Liquidity Commonality beyond Best Prices, in: Journal of Financial Research, Vol. 31 (2008), pp. 25-40 (with D. Mayston)