Welcome to the CFR!

The CFR conducts independent, cutting-edge research of practical relevance in the area of finance. We offer talented students and graduates the opportunity to participate in our research, so that, given adequate abilities and interests, their way into international research may become easier. As a competence centre for finance, the CFR is finding resonance in academia and practitioners. We invite you to be part of the process!

News

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 10-01 "Determinants of Expected Stock Returns: Large Sample Evidence from the German Market" by Sabine Artmann, Philipp Finter and Alexander Kempf has been accepted for publication in the "Journal of Business Finance and Accounting".

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 10-13 "Purchase and Redemption Decisions of Mutual Fund Investors and the Role of Fund Families" by Stephan Jank and Michael Wedow has been accepted for publication in the "European Journal of Finance".

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 10-09 "Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide" by Vikas Agarwal, Wei Jiang, Yuehua Tang and Baozhong Yang has been accepted for publication in the "Journal of Finance".

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 09-14 "The Term Structure ofIlliquidity Premia" by Alexander Kempf, Olaf Korn and Marliese Uhrig-Homburg has been accepted for publication in the "Journal of Banking and Finance".

CFR Working Paper Accepted for Publication

The CFR Working Paper No. 08-04 "Price Adjustment to News with Uncertain Precision" by Dieter Hess, Nikolas Hautsch and Christoph Müller has been accepted for publication in the "Journal of International Money and Finance".

German Factors and Test Assets

The Fama-French factors, the Carhart factor and test assets for the German equity market are now available for download. The factors and test assets have been calculated as part of a joint project of the CFR and the chairs of Prof. Alexander Kempf and Prof. Erik Theissen. We hope that this will be a useful and valuable resource to the research community. You can find the data sets here.

11th Cologne Colloquium on Financial Markets

On Monday, April 16th 2012, the Cologne Colloquium on Financial Markets will take place.The Conference will address current questions concerning asset management and is aimed at academics and practitioners.The Cologne Colloquium on Financial Markets will last the whole day and will be held at Generali Deutschland Holding AG in Cologne. In order to participate in the Colloquium, enrolment is required.

CFR Research Workshop

The CFR Research Workshop will take place on March 26th 2012 in Düsseldorf at Deutsche Bundesbank. The CFR Research Workshop serves the purpose of intensifying the exchange between researchers at the CFR and the CFR sponsors. At the CFR Research Workshop the members of the CFR research team report from their ongoing research. You can find further information here

CFR Working Paper Series

Bild CFR Working Paper 11-16
Management Compensation and Market Timing under Portfolio Constraints

Vikas Agarwal, Juan-Pedro Gómez, Richard Priestley

Executive Summary | Download

Find more CFR Working Papers
here.

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