Prof. Dr. Wolfgang Drobetz

Wolfgang Drobetz is Full Professor of Finance at the University of Hamburg. He holds a Ph.D. in Economics from the University of St. Gallen and completed his Habilitation at the University of Basel. Wolfgang taught financial theory at the Bucerius Law School, the WHU Otto Beisheim Graduate School, and the IAE Business School. He was a Visiting Research Fellow at Cambridge Judge Business School, the University of Cambridge. His research interests include corporate finance, corporate governance, asset management, and ship finance. Wolfgang’s research has been published in leading academic and practitioner journals. He is a member of the editorial board of several academic journals, served as co-president of the European Financial Management Association, and is a director of the Hamburg Financial Research Center (HFRC).

» Image video (“A Portrait of Universität Hamburg”) with Prof. Dr. Wolfgang Drobetz

Entrepreneurial Finance and Sustainability: Do Institutional Investors Impact the ESG Performance of SMEs?, 2024, mit Jan Philipp Hackmann, Sadok El Ghoul, Omrane Guedhami und Paul P. Momtaz, erscheint in:  Journal of Business Venturing Insights.

Institutional Dual Ownership and Voluntary Greenhouse Gas Emission Disclosure, 2024, mit Johannes Barg, Sadok El Ghoul, Omrane Guedhami und Henning Schröder, erscheint in: Journal of Corporate Finance.

Financing Decentralized Digital Platform Growth: The Role of Crypto Funds in Blockchain-based Startups, with Douglas Cumming, Niclas Dombrowski, and Paul P. Momtaz, forthcoming in: Journal of Business Venturing.

Token-Based Crowdfunding: Investor Choice and the Optimal Timing of Initial Coin Offerings, 2024, with Niclas Dombrowski, Lars Hornuf, and Paul P. Momtaz, forthcoming in: Entrepreneurship Theory and Practice.

Estimating Stock Market Betas via Machine Learning, 2023, with Fabian Hollstein , Tizian Otto , and Marcel Prokopczuk, forthcoming in: Journal of Financial and Quantitative Analysis.

Predicting Corporate Bond Illiquidity via Machine Learning, 2024, mit Axel Cabrol, Tizian Otto, und Tatajana Puhan, Financial Analysts Journal 80(3), 103-127.

The Sustainability Committee and Environmental Disclosure: International Evidence, 2024, mit Hamdi Driss, Sadok El Ghoul und Omrane Guedhami, Journal of Economic Behavior and Organization 221, 602-625.

Board Ancestral Diversity and Voluntary Greenhouse Gas Emission Disclosure, 2024, mit Johannes Barg, Sadok El Ghoul, Omrane Guedhami und Henning Schröder, British Journal of Management 35(3), 1512-1529.

Do Foreign Institutional Investors Affect International Contracting? Evidence from Bond Covenants, 2024, mit Paul Brockman, Sadok El Ghoul, Omrane Guedhami und Ying Zheng, Journal of International Business Studies 55, 551-576.

Foreign Bias in Institutional Portfolio Allocation: The Role of Social Trust, 2023, with Marvin Mönkemeyer, Ignacio Requejo, and Henning Schröder, Journal of Economic Behavior and Organization 214, 233-269.

Performance Measurement of Crypto Funds, 2023, with Niclas Dombrowski and Paul P. Momtaz, Economics Letters 228, Article 111118.

Forecasting Stock Market Crashes via Machine Learning, 2023, with Hubert Dichtl and Tizian Otto, Journal of Financial Stability 65, Article 101099.

Foreign Institutional Investors, Legal Origin, and Corporate Greenhouse Gas Emissions Disclosure, 2023, with Simon Döring, Sadok El Ghoul, Omrane Guedhami, and Henning Schröder, Journal of Business Ethics 182, 903-932.

Institutional Investment Horizons, Corporate Governance, and Credit Ratings: International Evidence, 2021, with Hamdi Driss, Sadok El Ghoul, and Omrane Guedhami, Journal of Corporate Finance 67, Article 101874.

The Economics of Law Enforcement: Quasi-Experimental Evidence from Corporate Takeover Law, 2021, with Gishan Dissanaike, Paul P. Momtaz, and Jörg Rocholl, Journal of Corporate Finance 67 Article 101848.

Institutional Investor Horizons and Firm Valuation around the World, 2021, with Simon Döring, Sadok El Ghoul, Omrane Guedhami, and Henning Schröder, Journal of International Business Studies 52(2), 212-244.

How to Build a Factor Portfolio: Does the Allocation Strategy Matter?, 2021, with Hubert Dichtl and Viktoria-Sophie Wendt, European Financial Management 27(1), 20-58.

Data Snooping in Equity Premium Predictions, 2021, with Hubert Dichtl, Andreas Neuhierl, and Viktoria-Sophie Wendt, International Journal of Forecasting 37(1), 72-94.

Active Factor Completion Strategies, 2021, with Hubert Dichtl, Harald Lohre, and Carsten Rother, Journal of Portfolio Management 47(2), 9-37.

Antitakeover Provisions and Shareholder Value: New Evidence from the M&A Market, 2020, with Paul P. Momtaz, Journal of Corporate Finance 62, Article 101594.

Competition Policy and the Profitability of Corporate Acquisitions, 2020, with Gishan Dissanaike and Paul P. Momtaz, Journal of Corporate Finance 62, Article 101510.

Corporate Insider Trading and Higher Moments of Stock Returns, 2020, with Emil Mussbach and Christian Westheide, Journal of Corporate Finance 60, Article 101485.

Optimal Timing and Tilting of Equity Factors, 2019, with Hubert Dichtl, Harald Lohre, Carsten Rother, and Patrick Vosskamp, Financial Analysts Journal 75, 84-102.

Policy Uncertainty, Investment, and the Cost of Capital, 2018, with Sadok El Ghoul, Omrane Guedhami, and Malte Janzen, Journal of Financial Stability 39, 28-45.

Industry Expert Directors, 2018, with Felix von Meyerinck, David Oesch, and Markus Schmid, Journal of Banking and Finance 92, 195-115.