UROP Project

Managerial Characteristics and Financial Practices

Contact

Name

Daniel Holder

Program Director UROP

Telephone

workPhone
+49 241 80-90695

E-Mail

Key Info

Basic Information

Project Offer-Number:
735
Category:
Keine eindeutige Zuordnung
Field:
Business Administration
Faculty:
8
Organisation unit:
Department of Finance
Language Skills:
German ist not required
Computer Skills:
Excel
Others:
STATA
Professor:
Prof. Dr. Wolfgang Breuer

Previous literature has extensively discussed the impact of bounded rationality of investors on the financial practices in a company based on the market timing story. With our new project, we discuss how prononess of managers to certain behavioral biases such as loss aversion or ambiguity aversion would shape their decison making.

Task

The main task is to develop a theoretical model that can link managerial biases to financial decisions of a company. Subsequently, we use a large dataset to examine our hypotheses empirically.

Requirements

A strong mathematical background is required. The student should also be proficient using Excel. Basic knowledge of the statistic softwares such as STATA or SPSS is desirable but not necessary.