Rüdiger Fahlenbrach Explained
Rüdiger Fahlenbrach (born 1974 in Essen, Germany) is a German economist specialised in finance. He is a professor of finance at EPFL (École Polytechnique Fédérale de Lausanne) and holds the Swiss Finance Institute Senior Research Chair.[1] [2] [3]
Career
From 1995 to 1999, Fahlenbrach studied business administration at the University of Mannheim in Germany and at the ESSEC Business School in France. He then pursued a PhD in finance with Andrew Metrick at the Wharton School of the University of Pennsylvania. In 2004, he graduated with a PhD thesis "Essays in Corporate Governance".[4] Afterwards he joined the Fisher College of Business at the Ohio State University as an assistant professor of finance to work on ownership structures of large public corporations for corporate policies and performance.[5] In 2009 he moved to the Swiss Finance Institute at EPFL where he currently is full professor and holds a Swiss Finance Institute Senior Research Chair.[6]
He has held visiting professorships, at Vienna University of Economics and Business,[7] European School of Management and Technology (ESMT) in Berlin, University of New South Wales, Paris Dauphine University, and Halle Institute for Economic Research.
Research
Fahlenbrach's research interests are on empirical corporate finance and banking.[8] He has investigated corporate governance issues that arise from the separation of ownership and control in the modern public corporation,[9] and examined the causes and effects of the financial crisis of 2007 and 2008, including the role of bank governance and regulatiuon for the crisis.[10] [11] He has published in the Journal of Finance,[12] the Journal of Financial Economics,[11] the Review of Financial Studies,[13] the Review of Finance,[14] and the Journal of Financial and Quantitative Analysis.[5]
His research has been covered in The New York Times,[15] [16] The Wall Street Journal,[17] [18] The Economist,[19] [20] Le Temps,[21] NZZ,[22] Handelsblatt,[23] Forbes magazine,[24] USA Today,[25] and Financial Times.[26]
Distinctions
Fahlenbrach served as director of the European Finance Association (2018-2020), and in 2020, he was appointed chair of the scientific council and member of the scientific advisory board of the Halle Institute for Economic Research.[27] He is a research member of the European Corporate Governance Institute.[28] He has been associate editor of the Review of Financial Studies (2013-2016)[29] and Financial Management (2012-2016). Since 2014, he has been associate editor of the Review of Finance.
Selected works
- 10.1093/rfs/hhx109. Why Does Fast Loan Growth Predict Poor Performance for Banks?. 2018. Fahlenbrach. Rüdiger. Prilmeier. Robert. Stulz. René M.. The Review of Financial Studies. 31. 3. 1014–1063.
- 10.1016/j.jfineco.2017.01.005. Do exogenous changes in passive institutional ownership affect corporate governance and firm value?. 2017. Schmidt. Cornelius. Fahlenbrach. Rüdiger. Journal of Financial Economics. 124. 2. 285–306. free.
- 10.1016/j.jfineco.2013.01.013. CEO contract design: How do strong principals do it?. 2013. Cronqvist. Henrik. Fahlenbrach. Rüdiger. Journal of Financial Economics. 108. 3. 659–674.
- 10.1093/rfs/hhs105. Institutional Investors and Mutual Fund Governance: Evidence from Retail–Institutional Fund Twins. 2012. Evans. Richard B.. Fahlenbrach. Rüdiger. Review of Financial Studies. 25. 12. 3530–3571.
- 10.1111/j.1540-6261.2012.01783.x. This Time is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis. 2012. Fahlenbrach. Rüdiger. Prilmeier. Robert. Stulz. René M.. The Journal of Finance. 67. 6. 2139–2185. 53465840 .
- 10.1016/j.jfineco.2010.08.010. Bank CEO incentives and the credit crisis. 2011. Fahlenbrach. Rüdiger. Stulz. René M.. Journal of Financial Economics. 99. 11–26. 154794185 .
- 10.3386/w17393. Estimating the Effects of Large Shareholders Using a Geographic Instrument. 2011. Becker. Bo. Cronqvist. Henrik. Fahlenbrach. Rüdiger. free.
- 10.1093/rfs/hhr056. Former CEO Directors: Lingering CEOs or Valuable Resources?. 2011. Fahlenbrach. Rüdiger. Minton. Bernadette A.. Pan. Carrie H.. Review of Financial Studies. 24. 10. 3486–3518.
- 10.1093/rfs/hhn093. Large Shareholders and Corporate Policies. 2009. Cronqvist. Henrik. Fahlenbrach. Rüdiger. Review of Financial Studies. 22. 10. 3941–3976.
- 10.1017/S0022109009090139. Founder-CEOs, Investment Decisions, and Stock Market Performance. 2009. Fahlenbrach. Rüdiger. Journal of Financial and Quantitative Analysis. 44. 2. 439–466. 49574741 .
- 10.1093/rof/rfn011. Shareholder Rights, Boards, and CEO Compensation. 2009. Fahlenbrach. Rüdiger. Review of Finance. 13. 81–113.
External links
Notes and References
- Web site: Ruediger Fahlenbrach. 2021-05-26. www.epfl.ch. en-GB.
- Web site: 24 new professors appointed at the two Federal Institutes of Technology ETH-Board. 2021-05-26. www.ethrat.ch.
- Web site: Rüdiger Fahlenbrach. 2021-05-27. www.sfi.ch. en.
- Fahlenbrach. Ruediger. 2005-01-01. Essays on corporate governance. Dissertations Available from ProQuest. 1–96.
- Fahlenbrach. Rüdiger. 2007-08-08. Founder-Ceos, Investment Decisions, and Stock Market Performance. en. Rochester, NY. 10.2139/ssrn.606527. 606527 . 219375475 .
- Web site: 2020-03-09. Rüdiger Fahlenbrach. 2021-05-28. EPFL - SFI - RF.
- Web site: Welcome Rüdiger Fahlenbrach. 2021-05-27. VGSF - Vienna Graduate School of Finance. en-us.
- Fahlenbrach. Rüdiger. Prilmeier. Robert. Stulz. René M.. 2018-03-01. Why Does Fast Loan Growth Predict Poor Performance for Banks?. The Review of Financial Studies. en. 31. 3. 1014–1063. 10.1093/rfs/hhx109. 0893-9454.
- Web site: Ruediger Fahlenbrach. 2021-05-31. ECGI. en.
- Fahlenbrach. Rüdiger. Prilmeier. Robert. Stulz. René M.. 2012. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis. The Journal of Finance. en. 67. 6. 2139–2185. 10.1111/j.1540-6261.2012.01783.x. 53465840 . 1540-6261.
- 2011-01-01. Bank CEO incentives and the credit crisis. Journal of Financial Economics. en. 99. 1. 11–26. 10.1016/j.jfineco.2010.08.010. 0304-405X. Fahlenbrach . Rüdiger . Stulz . René M. . 154794185 .
- Fahlenbrach. Rüdiger. Prilmeier. Robert. Stulz. René M.. 2012. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis. The Journal of Finance. en. 67. 6. 2139–2185. 10.1111/j.1540-6261.2012.01783.x. 53465840 . 1540-6261.
- Fahlenbrach. Rüdiger. Minton. Bernadette A.. Pan. Carrie H.. 2011-10-01. Former CEO Directors: Lingering CEOs or Valuable Resources?. The Review of Financial Studies. 24. 10. 3486–3518. 10.1093/rfs/hhr056. 0893-9454.
- Fahlenbrach. Rüdiger. Rageth. Kevin. Stulz. René. May 2020. How Valuable is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis. Review of Finance. Cambridge, MA. 10.3386/w27106. 235089354 . free.
- News: Hulbert. Mark. 2009-09-26. Did Bankers' Pay Add to This Mess?. en-US. The New York Times. 2021-05-28. 0362-4331.
- News: Norris. Floyd. 2009-07-31. It May Be Outrageous, but Wall Street Pay Didn't Cause This Crisis. en-US. The New York Times. 2021-05-28. 0362-4331.
- News: Jenkins. Holman W. Jr.. 2010-07-14. Bank CEOs and the Bewitching Carrot. en-US. Wall Street Journal. 2021-05-28. 0099-9660.
- News: Greenberg. Herb. 2008-01-12. Why Investors Should Applaud A CEO's Encore Performance. en-US. Wall Street Journal. 2021-05-28. 0099-9660.
- News: 2013-06-01. Boomerang bosses. The Economist. 2021-05-28. 0013-0613.
- News: 2009-01-08. Comeback kings?. The Economist. 2021-05-28. 0013-0613.
- News: 2016-02-12. La fin du taux plancher mènera à des délocalisations, selon l'EPFL. fr. Le Temps. 2021-05-28. 1423-3967.
- Web site: 2016-02-14. 12'500 Arbeitslose mehr im laufenden Jahr. 2021-05-28.
- Web site: Investmentbanker: Warum Millionengehälter übermütig machen. 2021-05-28. www.handelsblatt.com. de.
- Web site: Adams. Susan. Lafley At P&G, Ullman At Penney: When Does It Make Sense To Rehire The CEO?. 2021-05-28. Forbes. en.
- Web site: Firms, investors tend to prosper with founders at the helm. 2021-05-28. ABC News. en.
- Web site: 2013-05-24. Executive encores. 2021-05-28. Financial Times.
- Web site: Scientific Advisory Board – IWH - Leibniz-Institut für Wirtschaftsforschung Halle. 2021-05-28. www.iwh-halle.de.
- Web site: Ruediger Fahlenbrach. 2021-06-02. ECGI. en.
- Web site: Editorial Team – The Review of Financial Studies. 2021-06-02. en-US.