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 Wirtschafts- und Sozialwissenschaftliche Fakultät

Alexander Kempf

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

  • The Investment Value of Fund Managers’ Experience outside the Financial Sector, in: Review of Financial Studies, Vol. 31 (2018), pp. 3821-3853. (mit G. Cici, M. Gehde-Trapp, M. Goericke)

  • Trading Efficiency of Fund Families: Impact on Fund Performance and Investment Behavior, in: Journal of Banking and Finance, Vol. 88 (2018), pp. 1-14. (mit G. Cici, L. Dahm)

  • Investor Sentiment, Flight-to-Quality, and Corporate Bond Comovement, in: Journal of Banking and Finance, Vol 82. (2017), S. 112-132. (mit S. Bethke, M. Gehde-Trapp)

  • Speed of Information Diffusion within Fund Families, in: Review of Asset Pricing Studies, Vol. 7 (2017), pp. 144 – 170. (mit C. Cici, S. Jaspersen)

  • Do Financial Advisors Provide Tangible Benefits for Investors? Evidence from Tax-Motivated Mutual Fund Flows, in: Review of Finance, Vol. 21 (2017), pp. 637-665. (mit G. Cici, C. Sorhage)

  • The Valuation of Hedge Funds' Equity Positions, in: Journal of Financial and Quantitative Analysis, Vol. 51 (2016), pp. 1013 – 1037. (mit G. Cici, A. Pütz)

  • Portfolio Optimization Using Forward-Looking Information, 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 (mit J. Fang, M. Trapp)

  • The Term Structure of Illiquidity Premia, Journal of Banking and Finance, Vol. 36 (2012), pp. 1381-1391 (mit O. Korn, M. Uhrig-Homburg)

  • The Value of Tradeability, in: Review of Derivatives Research, Vol. 15 (2012), pp. 193-216 (mit M. Chesney)

  • Determinants of Expected Stock Returns: Large Sample Evidence from the German Market, in: Journal of Business Finance and Accounting, Vol. 39 (2012), S. 758-784. (mit S. Artmann, P. Finter)

  • 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 (mit M. Bär, S. Rünzi)

  • Employment Risk, Compensation Incentives and Managerial Risk Taking, in: Journal of Financial Economics, Vol. 92 (2009), pp. 92-108 (mit T. Thiele, S. Rünzi)

  • Tournaments in Mutual Fund Families, in: Review in Financial Studies, Vol. 21 (2008), pp. 1013-1036 (mit S. Rünzi)

  • SRI Funds – Nomen est Omen, in: Journal of Business Finance and Accounting, Vol. 35 (2008), S. 1276-1294. (mit P. Osthoff)

  • The Effect of Socially Responsible Investing on Portfolio Performance, in: European Financial Management, Vol. 13 (2007), S.  908- 922. (mit P. Osthoff)