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

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”.

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 07-08 "Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices" by Nerissa C. Brown, Kelsey D. Wei and Russ Wermers has been accepted for publication in the “Management Science”.

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 11-13 "Irrationality or Efficiency of Macroeconomic Survey Forecasts? Implications from the Anchoring Bias Test" by Dieter Hess and Sebastian Orbe has been accepted for publication in the “Review 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 Internal Seminar

On Thursday, June 6th 2013, Marc-André Göricke (Centre for Financial Research (CFR) and University of Cologne) will give a talk in our Internal Seminar. The topic is: "Does the Fund Manager Matter? The Impact of Professional Experience". 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. There will be a get-together after the presentation, where students will be informed about opportunities for internships and jobs at KPMG. If you would like to participate, please sign up contacting Mr. Stefan Jaspersen, shortly naming the current semester of your studies and your specialization. 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 12-12
The Price Impact of CDS Trading

Yalin Gündüz, Julia Nasev, Monika Trapp

Executive Summary | Download

Find more CFR Working Papers
here.

CFR Sponsors