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Welcome to the CFR!

The Centre for Financial Research (CFR) is a research institute at the University of Cologne and conducts independent, cutting-edge research of practical relevance in the area of financial markets. 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!



rofmThe CFR Working Paper No. 20-07 "Unobserved Performance of Hedge Funds" by Vikas Agarwal, Stefan Ruenzi, and Florian Weigert has been accepted for publication in the “Journal of Finance”.

Journal of Economic Behavior and OrganizationThe CFR Working Paper No. 20-05 "The Decline of Trust Across the U.S. Finance Industry" by Peter Limbach, P. Raghavendra Rau and Henrik Schuermann has been accepted for publication in the Journal of Economic Behavior and Organization.

Accounting and FinanceThe CFR Working Paper No. 17-04 "Do Buy-Side Analysts Inform Sell-Side Analyst Research?" by Gjergji Cici, Philip B. Shane and Yanhua Sunny Yang has been accepted for publication in Accounting and Finance.

We are proud to welcome Frederik Simon at the CFR. Frederik Simon is research assistant and PhD student at the Department of Corporate Finance at the University of Cologne.

Economics LettersThe CFR Working Paper No. 22-10 "One for the Money, Two for the Show? The Number of Designated Market Makers and Liquidity" by Erik Theissen and Christian Westheide has been accepted for publication in Economics Letters.

Responsible for content in the sense of § 18 para. 2 MStV:
Dr. Alexander Pütz
Centre for Financial Research (CFR)
50923 Köln

CFR Research Seminar

The program for the Research Seminar in the winter term 2023/24 is scheduled. The seminar takes place via Zoom. Information on the program can be found here.

CFR Student Group Events

In the winter semester 2023/24, the CFR Student Group will again organize practical lectures for Cologne students. You can find the lectures already planned so far here. The list is constantly updated.

Data and Programs on "Open Source Cross Sectional Asset Pricing"

In CFR Working Paper 20-04, Prof. Tom Zimmermann and Prof. Andrew Y. Chen compile an extensive data set to reproduce 315 cross-sectional stock return predictors. The data set and the associated programs can be downloaded here:


Sponsors CFR Assistant Professorship Sustainable Finance

We would especially like to thank the sponsors whose donations made it possible to establish the Assistant Professorship for Sustainable Finance at the University of Cologne: | © 2004-2023 | webmaster