Curriculum Vitae

Education

• 2000Habilitation, Freie Universität Berlin; venia legendi in business administration.
• 1995Dr. rer. pol., Freie Universität Berlin; dissertation on CAPM with consumption.
• 1992-1995Doctoral studies, Graduate College "Applied Microeconomics", Freie Universität Berlin.
• 1993Dr. rer. nat., University of Leipzig and Academy of Sciences, Berlin; dissertation on local embeddings of basic sets in Axiom-A systems.
• 1988-1992Doctoral studies in mathematics, Academy of Sciences, Berlin.
• 1988Diploma in Mathematics, University of Leipzig.
• 1983-1988Studies in mathematics, University of Leipzig.
• 1983Abitur.

Academic Positions

• 2011-presentProfessor of Banking and Finance (W3), Freie Universität Berlin.
• 2008-2011Professor of Investment and Finance (W3), University of Paderborn.
• 2006-2008Professor of Banking and Finance (W3), Friedrich-Alexander-Universität Erlangen-Nürnberg.
• 2006Offer of a Chair of Banking and Finance (W3), Martin Luther University Halle-Wittenberg; declined.
• 2000-2006Professor of Banking and Finance (C4), University of Hannover.
• 1996-2000Assistant Professor (C1), Freie Universität Berlin.
• 1994Doctoral research fellow, SFB 303, University of Bonn.

Visiting Positions

• 2011, 2014, 2018, 2023Visiting Professor, Queensland University of Technology, Brisbane.
• 2013Visiting Professor, University under the Government of the Russian Federation, Moscow.
• 2006, 2009-2011Visiting Professor, University of Vienna.
• 1999-2000Visiting Scholar, Anderson School, University of California at Los Angeles.
• 1995Visiting Scholar, Wharton School, University of Pennsylvania.

Service

• 2019-2021Member, JourQual Committee of the German Academic Association for Business Research.
• 2015-2019Dean, School of Business and Economics, Freie Universität Berlin.
• 2013-2025Member, Academic Senate, Freie Universität Berlin.
• 2014-2026Member of the board, Arbeitskreis Quantitative Steuerlehre.
• 2013-2016Member, Executive Committee of the German Academic Association for Business Research.
• 2013Member, program committee of the annual meeting of the Verein für Socialpolitik.
• 2012Member, program committee of the International Annual Conference of the German Operations Research Society.
• 2011-2012Member, Academic Senate, University of Paderborn.
• 2006-2007Managing Director, Business Administration Institute, Friedrich-Alexander-Universität Erlangen-Nürnberg.
• 2005-2006Dean, Faculty of Business and Economics, University of Hannover.
• 2005Chair, committee for the foundation of the VHB journal Business Research.
• Further serviceFaculty councils, examination committees, appointment committees, and study-fee allocation committees.

Grants and Awards

• 2012, 2013, 2015, 2018Best teaching award, School of Business and Economics, Freie Universität Berlin.
• 2007Best textbook award from the German Academic Association for Business Research for DCF, with Lutz Kruschwitz.
• 2007Research grant for cash-flow forecasting, Hans-Frisch-Stiftung.
• 2002-2005Research grant for the DCF project, Verein zur Förderung der Zusammenarbeit von Lehre und Praxis am Finanzplatz Hannover.
• 1999DFG research fellowship for UCLA.
• 1995DAAD visiting scholarship for Wharton; European Investment Bank dissertation prize, with Peter Nippel.

Teaching

• Investment and Finance
• Decision Theory
• Valuation and Taxes
• Derivatives
• Capital Markets
• Discounted Cash Flow
• Brownian Motion

Software and Professional Activities

Work used in the R statistical software for the Wilcoxon distribution implementation; see R Bugzilla issue 18655, R source file src/nmath/wilcox.c, and the 1984 note on partitions and the Wilcoxon-Mann-Whitney test.

Professional activities include seminars and advisory work on corporate finance, cash flow analysis, firm valuation, cost of capital, forecasting of financial statements, and related topics for firms and institutions, including Roland Berger, BHF-Bank, Management Circle, NordLB, and court-related expert work in Germany and Israel.