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We conduct scientific research projects, aiming to publish them in leading journals in the areas of asset pricing, corporate finance and financial intermediation. Often, these projects are carried out together with representatives of our stakeholders from industry, public and government and actively involve our doctoral students.
A prerequisite for successful participation in research projects is thorough training in theoretical and empirical topics in the areas of asset pricing, corporate finance and financial intermediation. Currently, the financial pool consists of core courses and electives taught by resident staff.
Visiting professors who are internationally renowned in their fields of expertise contribute to the curriculum. Students pursuing a doctorate in finance at the Frankfurt School must complete electives in addition to the required core courses.
This class lays the foundations for using analytical methods later. These include linear algebra, calculus, optimization, and probabilistic inference. In addition, a preparatory mathematics class is offered during the summer for those who wish to enter this course.
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The class provides a basic understanding of how different economic models work and more importantly sheds light on their limitations. The course also provides new step-by-step tools on various data sets in the computer lab.
A graduate-level microeconomics course. It begins with consumer decision making and general equilibrium, followed by game theory. Dual forms are also covered, ie. the combination of two game theoretic solution concepts as applied by incomplete contract theory.
The course is an in-depth introduction to the modern theory of asset pricing and portfolio selection. His main focus is on the relationship between arbitrage and equilibrium and how both conditions lead to the existence of “state prices”, positive discount factors so that the price of any security is just the minus wage that expected
Students may choose up to two elective courses appropriate for their chosen area of specialization. These may be offered by the Frankfurt School but are often found at other research universities. The faculty and program office will help you identify appropriate courses.
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The class provides a basic understanding of how different economic models work and more importantly sheds light on their limitations. The course also provides new step-by-step tools on various data sets in the computer lab.
The course aims to introduce students to the basic concepts of game theory. Students learn different types of games and different solution concepts to predict strategic behavior in these games. They will learn how to get almost perfect situations in a game and the necessary tools to solve these games.
The course familiarizes students with basic hidden information and hidden function models. It includes a concise theoretical framework of the agent that allows analysis of key topics in corporate finance including others; companies’ debt capacity and optimal capital structure, corporate risk management and liquidity and corporate control and governance.
The course consists of five parts; empirical asset pricing, corporate finance, financial intermediation, market microstructure and household finance. Each part discusses current issues in the field and presents topics for future research.
Undergraduate Application Information
Students may choose up to two elective courses appropriate for their chosen area of specialization. These may be offered by the Frankfurt School but are often found at other research universities. The faculty and program office will help you identify appropriate courses.
The second year paper is the first piece of students’ own research work to be seen. It can also be used to obtain a Master’s degree in Business Research and Analytics.
Year, students will enter the research phase of the program. Students dedicate themselves to their research projects, produce scholarly papers and present their research at international academic conferences. They will also have the opportunity to interact with international scholars visiting the Frankfurt School to present research at the conference series.
Why do managers often underestimate the risk of their strategic decisions? Management professor Stevo Pavicevic tries to answer this question in his work:
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“Making decisions is central to managers’ professional lives. Despite managers’ best efforts, their decisions are often hopeless. They can insert safeguards into the decision-making process to reduce the risk of wrong decisions.”
Decisions are also important in the projects of marketing professor Tetyana Kosyakova, but her focus is on consumers rather than managers:
“My research is mainly in the field of choice and Bayesian modeling. Currently, I am working on a series of projects, focused on developing a method for estimating user preferences based on user preference data (or purchase), when users are used. ” decision-making choice given a large range of choices.
A typical purchase decision from a large selection can be like a customer picking yogurt in a supermarket, because there are many different yogurts on a milk shelf or a user configuring a laptop with several options for processor, memory and other technical features. . Traditional models do not scale to large sets of choices or large combinations of outcomes because of the difficulty of estimating probabilities. My work aims to contribute to this area of research.”
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Said Dr. post Frankfurt School students often collaborate with faculty on (larger) research projects. Digitization and its corporate impact is at the heart of accounting professor Matthias Mahlendorf’s project:
“In a joint project with Dr. rrr. pol. and international students and co-authors, we are currently investigating how senior managers develop their expectations of their company’s future performance.
This is important because many companies are currently investing in new strategies such as Google’s “Goals and Key Results”, Okra as well as predictive analytics. These tools have the potential to solve some of the challenges companies have struggled with for decades, such as slow build-to-performance goals and biased forecasts. However, we need robust research to distinguish between hype and real improvements.”
Research at the Frankfurt School often focuses on major social problems, including climate change and wealth inequality. Take, for example, the work of finance professor Yigitcan Karabulut:
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“My current research interest is in household finance, with particular emphasis on analyzing the factors that contribute to the dynamics of household wealth and their impact on the evolution or -equality of wealth. In other words , I examine why some families are poor and some are rich and wealthy. how this will change over time. Lately, I’ve been working a lot to understand the impact of robots on wealth differences.”
After much effort, the visible result of the research is publication in a scientific journal. We asked Professor Sascha Steffen about the paper closest to his heart:
“Although not my best published paper, I am very happy about my paper on companies’ “dash for cash” during the current COVID crisis. physical possession of money.
First, it does not appear that money is simply “negative debt” (or a waste of resources as some literature suggests) but that there is an economic rationale for holding money. Second, credit risk issues for real estate (which have been relatively neglected in the literature); it is not only fundamental risk, however, but a “cliff risk” for companies to be downgraded to non-investment grade with a significant impact on cash stocks.”
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The Frankfurt School offers fully funded study places for the doctoral program to attract and support the brightest minds in academia.
Students are expected to devote 100% of their working time to their doctoral studies at the Frankfurt School for up to five years.
The scholarship will be awarded for five years depending on the ongoing requirements of the academic program.
Outstanding graduates of a Bachelor’s or Master’s program in business administration, finance, management, accounting or related fields who aim to launch an academic career.
Faqs On Financial Aid For Study Abroad Answered
Applicants in the final year of a Master’s or Bachelor’s program are welcome to apply with their most recent academic transcript. Please note that the degree must be completed before starting the program.
The first step in our application process is to complete the online application form and you must upload it
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