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Welcome to the CFR!

The Centre for Financial Research (CFR) is a research institute at the University of Cologne and conducts independent, cutting-edge research of practical relevance in the area of financial markets. 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!



Journal of Portfolio ManagementThe CFR Working Paper No. 23-06 "How Should the Long-term Investor Harvest Variance Risk Premiums?” by Julian Dörries, Olaf Korn and Gabriel J. Power has been accepted for publication in "The Journal of Portfolio Management".
Logo DeutschlandstipendiumThe Centre for Financial Research financially supports three students in the field of finance at the University of Cologne as part of the "Deutschlandstipendium" --> Certificate.
Journal of Economic Behavior and OrganizationThe CFR Working Paper No. 23-02 "In partnership for the goals? The level of agreement between SDG ratings" by Tobias Bauckloh, Juris Dobrick, André Höck, Sebastian Utz and Marcus Wagner has been accepted for publication in the Journal of Economic Behavior and Organization.

Journal of Asset ManagementThe CFR Working Paper No. 23-03 "ESG Criteria and the Credit Risk of Corporate Bond Portfolios" by Tobias Bauckloh, Maurice Dumrose, André Höck and Christian Klein has been accepted for publication in the Journal of Asset Management.
Our CFR Junior Professor Dr. Tobias Bauckloh was awarded with the "Impact Award" of the LIFE Climate Foundation at the 7th Liechtenstein Workshop of Sustainable Finance for his CFR Working Paper No. 23-02 "In partnership for the goals? The (dis)agreement of SDG ratings". We are very happy about this success and congratulate him.

Responsible for content in the sense of § 18 para. 2 MStV:
Dr. Alexander Pütz
Centre for Financial Research (CFR)
50923 Köln

CFR Research Seminar

On Thursday, May 16th, 2024, Jeffrey Busse (Goizueta Business School, Emory University) will give a talk in our CFR Research Seminar. The topic is: "Is Money in Index Funds Smart?". The event will start at 4pm via Zoom. If you want to join the seminar, please write an email to Dr. Alexander Puetz ( You can find the whole program of the CFR Research Seminar here.

CFR Student Group Events

In the summer semester 2024, the CFR Student Group will again organize practical lectures for Cologne students. You can find the lectures already planned so far here. The list is constantly updated.

Data and Programs on "Open Source Cross Sectional Asset Pricing"

In CFR Working Paper 20-04, Prof. Tom Zimmermann and Prof. Andrew Y. Chen compile an extensive data set to reproduce 315 cross-sectional stock return predictors. The data set and the associated programs can be downloaded here:

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Sponsors CFR Assistant Professorship Sustainable Finance

We would especially like to thank the sponsors whose donations made it possible to establish the Assistant Professorship for Sustainable Finance at the University of Cologne: | © 2004-2024 | webmaster