Finance Research Graz (FiRe)

FiRe Graz is the finance research platform of the University of Graz. Founded and operated by the Institute of Banking and Finance, the platform is open to all finance researchers with a connection to the University of Graz and also reaches out across organisational boundaries. Its main areas of interest are empirical and experimental research in finance. (more...)

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FiRe Seminar with Nanny Dewi


Nanny Dewi (University of Padjadjaran) visited the University of Graz for a week as part of the Erasmus International Teaching Mobility program. We seized the opportunity and invited her to give a joint FiRe research seminar and teaching talk. Prof. Dewi reported about research conducted by her bachelor students, studying the impact of the COVID-19 pandemic on the market reaction to corporate earnings announcements. Her talk was followed by a lively discussion both in the seminar room and with the platform members who joined us online.

Erik Theissen joins Commission of Exchange Experts


Erik Theissen was appointed to the Commission of Exchange Experts of the German Federal Ministry of Finance. This commission advises the Federal Ministry of Finance in questions of capital market policy. Its members include high-ranking representatives of significant German firms such as Siemens AG, DZ Bank AG, Deutsche Post AG, and Deutsche Bundesbank. Erik Theissen will provide his scientific expertise to the commission for the next three years, starting on April 15th, 2024.

Portrait photo of Erik Theissen, a short-haired man with glasses.

Paper on sustainable investments


Together with researchers from Vienna, Stavanger and Brussels, Stefan Palan recently published a paper titled "Can information provision and preference elicitation promote ESG investments? Evidence from a large, incentivized online experiment" in the Journal of Banking and Finance. They study the role that providing information about financial returns and environmental, social, and governance (ESG) impacts plays in influencing investors' decisions towards sustainable investments.

The paper reveals that both financial return information and ESG impact information stimulate investors towards ESG investments. Interestingly, combining these two types of information does not enhance the effect beyond presenting either one alone. This insight is crucial for financial advisors and institutions looking to promote ESG investments among their clients, as it suggests a targeted approach to information provision can be effective.

Link to the paper (open access)

FiRe Annual Report 2023 released


The most recent annual report of Finance Research Graz has been released!

Link to the annual report

Berivan Gürel wins Reinhard Selten-Stipendium


FiRe is pleased to announce that platform researcher Berivan Gürel won the Reinhard Selten-Stipendium of the Gesellschaft für experimentelle Wirtschaftsforschung e.V. (GfeW) for her research proposal "Risk, Risk Tolerance, and Risk Perception: Experiments studying the role of sex and gender". We are confident that the research project funded by this award will make an important contribution to the rapidly growing literature studying gender differences in financial behavior.

Portrait picture of Berivan Gürel

Michael Eggerer joins research platform


Michael Eggerer recently joined the research platform after accepting a position as a project assistant at the Institute of Banking and Finance. Michael is currently completing his master’s degree in business administration at the University of Graz and is about to start his doctoral studies under the supervision of Prof. Andrea Schertler. Together with his supervisor, he will work on a project on infractions of anti-money laundering rules in banks.

Portrait photo of Michael Eggerer

Erik Theissen wins 'Best Paper Award' at DGF 2023


For his paper "Payment for Order Flow and Market Quality: A Field Experiment" ,  Erik Theissen received the "Best Paper Award" at the 29th Annual Meeting of the German Finance Association (DGF) at the at the University of Hohenheim. During the three-day conference starting on September 28, 2023, participants got a glimpse of the latest research in various areas of finance, with more than 90 papers being presented. We congratulate Erik for presenting the best paper!

Portrait photo of Erik Theissen, a short-haired man with glasses.

Talking about sustainability at financial planner congress


Stefan Palan recently gave a talk at the Financial Planner Forum 2023, held at Merriott Hotel, Vienna, and organized by Prof. Otto Lucius. Speaking in front of around 300 financial professionals, he presented his joint research with Marcel Seifert, Florian Spitzer, Simone Haeckl, Alexia Gaudeul, Erich Kirchler and Katharina Gangl studying ways to promote sustainable investments in the wake of the EU's Green Deal Action Plan on Sustainable Finance

Stefan Palan, clad in a dark suit, standing on a stage in front of a rollup reading "Finanz Planer Forum" while giving a talk.
Photo: Fotostudio Huger

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