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Herr Prof. Dr. Karl Ludwig Keiber

Karl L. Keiber ©Yvonne Ploenes

Karl Ludwig Keiber


Wirtschaftswissenschaftliche Fakultät (Wiwi)
Lehrstuhlinhaber

Große Scharrnstraße 59
15230 Frankfurt (Oder)
🏠 HG 227
☏ +49 335 5534 ✆ 2911
📠 +49 335 5534 ✆ 2357
✉ keiber@europa-uni.de

Web: Lehrstuhl für Betriebswirtschaftslehre, insb. Finance
<< Zurück zur Übersicht: Alle MitarbeiterInnen / LS-Team

Publikationen:

Referierte Publikationen

Sonstige Publikationen

  • Dividenden-Bewertungsmodelle, in: Schacht, U. und M. Fackler (Hrsg.), Praxishandbuch Unternehmensbewertung - Grundlagen, Methoden, Fallbeispiele, Gabler, Wiesbaden, 2. Auflage, S. 335-358, 2009.
  • Wolfgang Bessler (ed.): Exchanges, Banks, and Capital Markets - (in German: Börsen, Banken und Kapitalmärkte), Financial Markets and Portfolio Management, Vol. 21, No. 1, S. 139-142, 2007.
  • Dividenden-Bewertungsmodelle, in: Schacht, U. und M. Fackler (Hrsg.), Praxishandbuch Unternehmensbewertung - Grundlagen, Methoden, Fallbeispiele, Gabler, Wiesbaden, S. 313-337, 2005.
  • Stochastische Modelle der Unternehmensbewertung, in: Richter, F. und C. Timmreck (Hrsg.), Unternehmensbewertung - Moderne Instrumente und Lösungsansätze, Schäffer-Poeschel, Stuttgart, S. 421-443, 2004.
  • Wagnisfinanzierung bei Konkurrenz, in: Baecker, P., U. Hommel und M. Scholich (Hrsg.), Reale Optionen - Konzepte, Praxis und Perspektiven strategischer Unternehmensfinanzierung, Springer, Berlin, S. 431-450, 2003.
  • Essays on the Economics of Information, Habilitationsschrift, WHU, 2004.
  • Asymmetrische Information, beschränkte Rationalität und Preisbildung auf Aktienmärkten, Dissertation, Universität St. Gallen, 2000.

Arbeitspapiere

Arbeitspapiere in Bearbeitung

  • Rationalizing the policy of credit rating agencies, Working Paper. (mit Gunter Löffler)

Auszeichnungen

  • Amicitia-Preis, Bestes Doktorat der Wirtschaftswissenschaften, Universität St. Gallen, 2001.
  • Best Teaching Award, Beste Evaluation im Rahmen der Dozentenbewertung, Unternehmensfinanzierung II / Corporate Finance II, WHU, 2005.
  • Best Teaching Award, Beste Evaluation im Rahmen der Dozentenbewertung, Markt Mikrostruktur Theorie / Market Microstructure Theory, WHU, 2006. 

Lebenslauf / Vita:

Akademischer Werdegang

2006 Forschungsaufenthalt, Visiting Scholar, Finance Department, Kellogg School of Management, Northwestern University, Evanston, Illinois, USA, Februar-März
2005 Habilitation, Venia Legendi, Betriebswirtschaftslehre, Wissenschaftliche Hochschule für Unternehmensführung (WHU)
2000 Doktor der Wirtschaftswissenschaften (summa cum laude), Universität St. Gallen
1998 Doktorandenkurs, The Economics of Information and Learning, Prof. Xavier Vives, Studienzentrum Gerzensee
1997 Doktorandenkurs, Market Microstructure, Prof. Maureen O'Hara, Zürich
1997 Doktorandenkurs, Empirical Asset Pricing, Prof. John Y. Campbell, Studienzentrum Gerzensee
1997-1998 Doktorandenstudium, Finanzen und Kapitalmärkte, Universität St. Gallen
1996 Diplom-Wirtschaftsingenieur, Universität Karlsruhe (TH)
1990-1996 Studium, Wirtschaftsingenieurwesen, Universität Karlsruhe (TH)
1989 Allgemeine Hochschulreife


Berufliche Tätigkeiten

2007- Europa-Universität Viadrina, Frankfurt (Oder), Inhaber des Lehrstuhls für Betriebswirtschaftslehre, insbes. Finance
2006-2007 Europa-Universität Viadrina, Frankfurt (Oder), Vertretung (cum spe) des Lehrstuhls für Wirtschaftswissenschaften insb. International Finance
2003-2006 Wissenschaftliche Hochschule für Unternehmensführung (WHU), Vallendar, Leitung des Post-Doctorate für Unternehmensfinanzierung
2003 Johannes Gutenberg Universität, Mainz, Vertretung des Lehrstuhls für Betriebswirtschaftslehre insb. Bankbetriebslehre, Sommersemester
2000-2003 Wissenschaftliche Hochschule für Unternehmensführung (WHU), Vallendar, Wissenschaftlicher Assisstent, Dresdner Bank Stiftungslehrstuhl für Finanzwirtschaft
1997-1999 Universität St. Gallen, Schweiz, Assistent in Forschung und Lehre, Schweizerisches Insitut für Banken und Finanzen
1989-1990 Wehrdienst Luftwaffe, Roth und Karlsruhe

Konferenzbeiträge mit Begutachtungsprozess

2011

  • Penal Law, Prosecution of Insider Trading and the Informational Efficiency of Securities Markets, German Economic Association of Business Administration, Zurich.

2006

  • Insider Trading Rules and Price Formation in Securities Markets - An Entropy Analysis of Strategic Trading, European Financial Management Association, Madrid.
  • Insider Trading Rules and Price Formation in Securities Markets - An Entropy Analysis of Strategic Trading, Verband der Hochschullehrer für Betriebswirtschaft, Dresden.
  • Managerial Compensation Contracts and Overconfidence, Symposium on Behavioral Finance, European Financial Management Association, Durham.
  • Insider Trading Rules and Price Formation in Securities Markets - An Entropy Analysis of Strategic Trading, Swiss Society for Financial Market Research, Zurich.

2005

  • Insider Trading Rules and Price Formation in Securities Markets - An Entropy Analysis of Strategic Trading, Symposium on Finance, Banking, and Insurance, Karlsruhe.
  • Insider Trading Rules and Price Formation in Securities Markets - An Entropy Analysis of Strategic Trading, German Finance Association, Augsburg.
  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, German Economic Association of Business Administration, Freiburg.
  • Managerial Compensation Contracts and Overconfidence, European Financial Management Association, Milan.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, European Financial Management Association, Milan.
  • Insider Trading Rules and Price Formation in Securities Markets - An Entropy Analysis of Strategic Trading, Global Finance Conference, Dublin.
  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, Verband der Hochschullehrer für Betriebswirtschaft, Kiel.
  • Rationalizing the Policy of Credit Rating Agencies, Swiss Society for Financial Market Research, Zurich.

2004

  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, German Finance Association, Tübingen.
  • Rationalizing the Policy of Credit Rating Agencies, German Finance Association, Tübingen.
  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, European Finance Association, Maastricht.
  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, European Financial Management Association, Basel.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, Verband der Hochschullehrer für Betriebswirtschaft, Graz.
  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, Swiss Society for Financial Market Research, Zurich.

2003

  • Overconfidence in the Continuous-Time Principal-Agent Problem, German Finance Association, Mainz.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, German Economic Association of Business Administration, Frankfurt.
  • Price Discovery in the Presence of Boundedly Rational Agents, European Financial Management Association, Helsinki.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, Global Finance Conference, Frankfurt.
  • Managerial Compensation Contracts and Overconfidence, Verband der Hochschullehrer für Betriebswirtschaft, Zurich.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, Swiss Society for Financial Markets Research, Zurich.
  • Merging the State-Space Representation and the Mean-Variance Characterization of the Efficient Frontier, Swiss Society for Financial Market Research, Zurich.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, Gesellschaft für Klassifikation, Cottbus.

2002

  • Managerial Compensation Contracts and Overconfidence, Symposium on Finance, Banking, and Insurance, Karlsruhe.
  • Managerial Compensation Contracts and Overconfidence, German Finance Association, Cologne.
  • Managerial Compensation Contracts and Overconfidence, German Economic Association of Business Administration, Berlin.
  • Price Discovery in the Presence of Boundedly Rational Agents, Swiss Society for Financial Market Research, Basel.

2001

  • Price Discovery in the Presence of Boundedly Rational Agents, German Finance Association, Vienna.
  • Bewertung von Wachstumsunternehmen am Neuen Markt, German Finance Association, Vienna. (presented by André Kronimus)

Konferenzbeiträge

2010

  • Contingent Convertibles. Solving or Seeding the Next Banking Crisis?, Discussion, German Economic Association of Business Administration, Frankfurt. (by Christian Koziol and Jochen Lawrenz))

2008

  • Optimal Contracts for Lenient Supervisors, Discussion, German Economic Association of Business Administration, Augsburg. (by Thomas Giebe and Oliver Gürtler)

2006

  • On the Appropriateness of Performance-Based Compensation for Supervisory Board Members - An Agency Theoretic Approach, Discussion, German Economic Association of Business Administration, Bielefeld. (by Barbara Pirchegger and Jens Schöndube)
  • Switching to a Temporary Call Auction in Times of High Uncertainty, Discussion, European Financial Management Association, Madrid. (by David Abad and Roberto Pascual)
  • Difference in Interim Performance and Risk Taking, Discussion, Swiss Society for Financial Market Research, Zurich. (by Dmitry Makarov)

2005

  • A Common Factor Analysis for the US and the German Stock Markets During Overlapping Trading Hours, Discussion, Symposium on Finance, Banking, and Insurance, Karlsruhe. (by Michael Flad and Robert C. Jung)
  • Is Best Really Better? Internalization in Xetra BEST, Discussion, German Finance Association, Augsburg. (by Joachim Grammig and Erik Theissen)
  • When Does Single-Source versus Multiple-Source Lending Matter?, Discussion, German Economic Association of Business Administration, Freiburg. (by Christian Koziol)
  • Executive Stock Options: Value to the Executive and Cost to the Firm, Discussion, European Financial Management Association, Milan. (by Ashay Kadam, Peter Lakner, and Anand Srinivasan)
  • Optimal Debt Service: Straight vs. Convertible Debt, Discussion, Swiss Society for Financial Market Research, Zurich. (by Christian Koziol)

2004

  • Order Imbalance, Investor Sentiment, and the Probability of Informed Trading, Discussion, German Finance Association, Tübingen. (by Harald Henke)
  • Kursreaktionen auf die Ankündigung von Going Private-Transaktionen am deutschen Kapitalmarkt, Discussion, German Economic Association of Business Administration, Bonn. (by Florian Eisele and Andreas Walter)
  • Modelling Price Pressure in Financial Markets, Discussion, European Finance Association, Maastricht. (by Elena Asparouhova and Peter Bossaerts)
  • Dynamic Order Submission Strategies with Competition between a Dealer Market and a Crossing Network, Discussion, European Financial Management Association, Basel. (by Hans Degryse, Mark Van Achter, and Gunther Wuyts)
  • Momentum Returns in the Spanish Stock Market: Model Misspecification or Investor Irrationality?, Discussion, European Financial Management Association, Basel. (by Carlos Forner Rodriguez and Joaquin Marhuenda Fructuoso)
  • Dealer Quotes, Order Flow, and Indirect Foreign Currency Utility in a Multiple Dealership Market, Discussion, Swiss Society for Financial Market Research, Zurich. (by Alexis Derviz)

2003

  • On the Trend Recognition and Forecasting Ability of Professional Traders, Discussion, German Finance Association, Mainz. (by Markus Glaser, Thomas Langer, and Martin Weber)
  • Noise Trader Risk Exists ... but the noise traders are not who you think they are, Discussion, European Financial Management Association, Helsinki. (by Andrew Jackson)
  • Disposition Theory: On the Behavior of Individual Investors and Implications for Over- and Underreaction, Discussion, Global Finance Conference, Frankfurt. (by Matthias Bank)
  • Asset Pricing in the Production Economy Subject to Monetary Shocks, Discussion, Swiss Society for Financial Market Research, Zurich. (by Olesya Grishchenko)
  • Market Dynamics Around Public Information Arrivals, Discussion, Swiss Society for Financial Market Research, Zurich. (by Angelo Ranaldo)
  • Overconfidence in the Continuous-Time Principal-Agent Problem, Campus for Finance, Vallendar.

2002

  • Trader Anonymity, Price Formation and Liquidity, Discussion, German Finance Association, Cologne. (by Erik Theissen)
  • Information and the Cost of Capital, Discussion, European Finance Association, Berlin. (by David Easley and Maureen O'Hara)

2001

  • Equity Trading by Institutional Investors. To Cross or not to Cross?, Discussion, German Finance Association, Vienna. (von Randi Naes and Bernt Arne Odegaard)

2000

  • The Importance of Liquidity in Index Futures Pricing: Modeling and Empirical Evidence, Discussion, Swiss Society for Financial Market Research, Zurich. (by Alexander Kempf)

1999

  • Konsistente Modellierung in der Portfoliotheorie, Discussion, Swiss Society for Financial Market Research, St. Gallen. (by Hans-Jürgen Wolter)

1997

  • Determinants of Bid-Offer Spreads in Interest Rate Swaps: an Empirical Investigation, Discussion, European Financial Management Association, Zurich. (by S. V. Jayanti, Alan K. Reichert und Sorin Tuluca)

Sonstige wissenschaftliche Vorträge

2005

  • Managerial Compensation Contracts and Overconfidence, Research Seminar, Centre for Financial Research (CFR), University of Cologne, Cologne.

2004

  • The Intertemporal Role of Overconfidence in Competitive Securities Markets, WHU Research Seminar, Vallendar.

2003

  • Overconfidence in the Continuous-Time Principal-Agent Problem, Simon - Kucher and Partners, Bonn.
  • Valuation of Growth Companies - The Case of Neuer Markt, Seminar of the Institute for Mergers and Acquisition, University Witten/Herdecke, Witten.
  • Overconfidence in the Continuous-Time Principal-Agent Problem, Finance Seminar Series, Goethe-University, Frankfurt.

2002

  • Overconfidence in the Continuous-Time Principal-Agent Problem, Hypo-Vereinsbank Stiftungsfonds Seminar, Eltville.
  • Managerial Compensation Contracts and Overconfidence, WHU Research Seminar, Vallendar.
  • Reconsidering the Impossibility of Informationally Efficient Markets, WHU Research Seminar, Vallendar.

2001

  • Price Discovery in the Presence of Boundedly Rational Agents, European Business School Research Seminar, Oestrich-Winkel.
  • Price Discovery in the Presence of Boundedly Rational Agents, WHU Research Seminar, Vallendar.

Universitäre Lehrerfahrung

ESCP Europe, Berlin 2011 Options and Corporate Finance
2010 Options and Corporate Finance
Europa-Universität Viadrina, Frankfurt (Oder) 2011
  • Kapitalmarkttheorie
  • Asset Pricing
  • PhD Colloquium in Finance
  • Corporate Finance
2010
  • Kapitalmarkttheorie
  • Market Microstructure Theory
  • Corporate Finance
  • Microeconomics of Financial Markets
  • Active Portfolio Management (SS)
2009
  • Kapitalmarkttheorie
  • Asset Pricing
  • Corporate Finance
  • Market Microstructure Theory
  • Active Portfolio Management (SS, WS)
2008
  • Finanzwirtschaft und Kapitalmarkttheorie
  • Microeconomics of Financial Markets
  • Corporate Finance
  • Market Microstructure Theory
  • Active Portfolio Management (SS, WS)
2007
  • Finanzwirtschaft und Kapitalmarkttheorie
  • Microeconomics of Financial Markets
  • Corporate Finance
  • Market Microstructure Theory
  • Active Portfolio Management (SS, WS)
2006
  • Finanzwirtschaft und Kapitalmarkttheorie
  • Microeconomics of Financial Markets
  • Active Portfolio Management (WS)
Wissenschaftliche Hochschule für Unternehmensführung (WHU) 2006
  • Market Microstructure Theory, 7. Semester (Fall term)
  • Market Microstructure Theory, 8. Semester (Spring term)
2005
  • Asset Pricing, 7. Semester (Fall term)
  • Corporate Finance II, 8. Semester
  • Asset Pricing, 8. Semester (Spring term)
2004
  • Corporate Finance I, 7. Semester
  • Market Microstructure Theory, 7. Semester
  • Corporate Finance II, 8. Semester
  • Asset Pricing, 8. Semester
2003
  • Corporate Finance I, 7. Semester
  • Market Microstructure Theory, 7. Semester
  • Capital Market Theory, 6. Semester
  • Asset Pricing, 8. Semester
2002
  • Market Microstructure Theory, 7. Semester
  • Capital Market Theory, 6. Semester
2001
  • Market Microstructure Theory, 7. Semester
  • Asset Pricing, 7. Semester
  • Capital Market Theory, 6. Semester
2000
  • Market Microstructure Theory, 7. Semester
  • Capital Market Theory, 6. Semester
Johannes Gutenberg Universität, Mainz 2003
  • Kapitalmarkttheorie, 6. Semester

Außeruniversitäre Unterrichtstätigkeit / Weiterbildung

Europa-Universität Viadrina, MBA-Programm, Frankfurt (Oder)

  • Capital Structure and Options in Corporate Finance, 2010.
  • Introduction to Options, Futures, and Other Derivatives, 2007, 2008, 2009.

Deutsche Vereinigung für Finanzanalyse und Asset Management (DVFA) GmbH, Frankfurt (Main)

  • Projektfinanzierung, 2005, 2006, 2007, 2008, 2009, 2010, 2011.
  • Internationale Unternehmensfinanzierung ind Internationale Investition, 2004.
  • Internationale Finanzplanung, 2003, 2002.

Dynamit Nobel AG, WHU Executive Development Program, Vallendar

  • Cash Flow und Cash Flow Analyse, 2004.

Dresdner Bank AG, WHU on Finance, Frankfurt (Main)

  • Börsen und Marktsysteme, 2000.
  • Capital Asset Pricing Model, 2000.

 Gutachtertätigkeit

  • Economic Inquiry, 2008-
  • Business Research, 2008-
  • Schmalenbach Business Review, 2007-
  • Zeitschrift für Betriebswirtschaft, 2007-
  • Global Finance Journal, 2007-
  • Applied Economics, 2007-
  • Quantitative Finance, 2005-
  • The European Journal of Finance, 2005-
  • Oxford University Press, 2005.
  • Financial Markets and Portfolio Managment, 2000-

Universitäre Selbstverwaltung

  • Mitglied der Kommission zur Sicherung guter wissenschaftlicher Praxis, WHU, 2002-2005.
  • Mitglied der Berufungskommission, Lehrstuhl für Betriebswirtschaftslehre insb. Unternehmensfinanzierung, WHU, 2004.
  • Mitglied des Habilitationskollegiums, Habilitationsverfahren Frau Dr. B. Weißenberger, WHU, 2002.
  • Juror im Auswahlverfahren für Studienanfänger, WHU, 2001.
  • Mitglied des Promotionsausschusses, seit 2001.
  • EDV-Administration (Hardware und Software), Dresdner Bank Stiftungslehrstuhl für Finanzwirtschaft, WHU, 2000-2003.

Mitgliedschaften

  • Western Finance Association, WFA, 2005-
  • American Finance Association, AFA, 2004-
  • European Finance Association, EFA, 2003-
  • German Economic Association of Business Administration, GEABA e.V., 2002-
  • Deutscher Hochschulverband, DHV, 2001-
  • Deutsche Gesellschaft für Finanzwirtschaft, DGF e.V., 1997-