Welcome to the CFR!

The CFR conducts independent, cutting-edge research of practical relevance in the area of finance. We offer talented students and graduates the opportunity to participate in our research, so that, given adequate abilities and interests, their way into international research may become easier. As a competence centre for finance, the CFR is finding resonance in academia and practitioners. We invite you to be part of the process!

News

CFR Working Paper Accepted for Publication

Journal of Business Finance and Accounting

The CFR Working Paper No. 10-19 "Market Response to Investor Sentiment" by Jördis Hengelbrock, Erik Theissen and Christian Westheide has been accepted for publication in the “Journal of Business Finance and Accounting”.

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 12-03 "Dividend Announcements Reconsidered: Dividend Changes versus Dividend Surprises" by Christian Andres, André Betzer, Inga van den Bongard, Christian Haesner and Erik Theissen has been accepted for publication in the “Journal of Business Finance and Accounting”.

Meriten Investment Management GmbH new CFR Sponsor

Meriten Investment Management GmbH joins the circle of CFR supporting members. We welcome this decision.

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 11-14 "Liquidity Dynamics in an Electronic Open Limit Order Book: An Event Study Approach" by Peter Gomber, Uwe Schweickert and Erik Theissen has been accepted for publication in the “European Financial Management”.

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 09-17 "Price Discovery in Spot and Futures Markets: A Reconsideration" by Erik Theissen has been accepted for publication in the “European Journal of Finance”.

German Factors and Test Assets

The Fama-French factors, the Carhart factor and test assets for the German equity market are now available for download. The factors and test assets have been calculated as part of a joint project of the CFR and the chairs of Prof. Alexander Kempf and Prof. Erik Theissen. We hope that this will be a useful and valuable resource to the research community. You can find the data sets here.

CFR Research Seminar

On Thursday, June 20th 2013, Heinz Zimmermann (Universität Basel) will give a talk in our CFR Research Seminar. The topic is: "Pricing Liquidity Risk and Buyout Returns". The event will take place from 4pm to 6pm in room 610a of the WiSo-building.
You can find the whole program of the CFR Seminar here.

CFR Student Group Event

The CFR Student Group and KPMG have the pleasure to invite you to a presentation on June 17th. The event will take place at 7pm in room 610a of the WiSo-building. The topic is: Prüfung von Derivaten bei Versicherungen. There will be a get-together after the presentation, where students will be informed about opportunities for internships and jobs at KPMG. We are looking forward to many participants.
You can find all the CFR Student Group Events here.

CFR Working Paper Series

Bild CFR Working Paper 13-02
Open Market Share Repurchases in Germany: A Conditional Event Study Approach

Christian Andres, André Betzer, Markus Doumet, Erik Theissen

Executive Summary | Download

Find more CFR Working Papers
here.

CFR Sponsors