Main Research Areas

The research activities of the Area Finance and Banking primarily cover topics in the areas of corporate finance, company valuation, financial intermediation and risk management. In addition, we deal with various issues of financial market regulation and capital market-oriented corporate disclosure. In methodological terms, our focus is on empirical financial market research.

Current Research Topics

• Corporate Finance and Corporate Environmental Performance
• Financial Analysts’ Effects on Corporate Debt Financing 
• Success Factors and Performance Effects of Equity Crowdfunding
• Stock Market Effects of Hedge Accounting Disclosures
• Stock Market Effects of Corporate Misconduct

Prof. Dr. Jörg Prokop

Professor of Finance and Banking

• Room: A05 2-223, Haarentor campus
• Contact hours: on appointment via Stud.IP
• Phone: +49 (0)441 798-4159
• Email

Anna Schlünzen 

Administrative Assistant

• Room: A05 2-247, Haarentor campus
• Phone: +49 (0)441 798-4164
• Fax: +49 (0)441 798-5843
• Email

Dr. Haoshen Hu

Postdoctoral Researcher
Email

Wiebke Clausing, M.A.

Research Assistant and Doctoral Candidate
Email

Julian Hundertmark, M.A.

Research Assistant and Doctoral Candidate
Email

• Wang / Prokop: Gender Homophily and Local Bias in Equity Crowdfunding, Small Business Economics, 2024 (https://doi.org/10.1007/s11187-024-00949-5, https://rdcu.be/dOSG8)
• Prokop / Müller: Green Bond Financing and Corporate Environmental Performance: 
  Evidence from the European Union, European Journal of Comparative Law and Governance, 2023, pp. 1-27 (doi.org/10.1163/22134514-bja10061)
• Hu / Prokop / Trautwein: Transnational Spillover Effects of European Sovereign Rating Signals on Bank Stock Returns, Quarterly Review of Economics and Finance, Vol. 84, 2022, pp. 171-182 (doi.org/10.1016/j.qref.2022.01.008)
• Prokop / Wang: Is there a Gender Gap in Equity-based Crowdfunding?, Small Business Economics, 2021 (doi.org/10.1007/s11187-021-00574-6) 
• Kammann / Prokop: A View to a Deal: The Effect of Upcoming Investment Banking Transactions on Financial Analysts' Target Price Estimates, The European Journal of Finance, 2021 (doi.org/10.1080/1351847X.2021.1990977)
• Prokop / Wallis: Hedge Accounting nach IFRS 9: Eine Analyse des Regelwerks aus Sicht von Industrieunternehmen, KoR - Internationale und kapitalmarktorientierte Rechnungslegung, April 2021, S. 149-158
• Hu / Prokop / Shi / Trautwein: The Rating Spillover from Banks to Sovereigns: An Empirical Investigation across the European Union, Journal of International Financial Markets, Institutions & Money, Vol. 64, 2020, 101161 (doi.org/10.1016/j.intfin.2019.101161)
• Kammann / Prokop / Walting: Informational Effects of MiFID: The Case of Equity Analysts, The European Journal of Finance, Vol. 26 (7-8), 2020, pp. 711-727 (doi.org/10.1080/1351847X.2019.1697322)
• Prokop / Kammann: The Effect of the European Markets in Financial Instruments Directive on Affiliated Analysts' Earnings Forecast Optimism, Journal of Economics and Business, Vol. 95, Jan/Feb 2018, pp. 75-86 (doi.org/10.1016/j.jeconbus.2017.06.004)
• Prokop / Pakhchanyan: Determinants of Internal Fraud and Improper Business or Market Practices in Financial Institutions, in Boubaker / Nguyen (eds.), Ethics, ESG, and Sustainable Development, World Scientific Press, 2019, pp. 79-99 (https://doi.org/10.1142/9789811206887_0003)
• Pakhchanyan / Prokop / Sahakyan: Drivers of Bank Solvency, Risk Provisioning, and Profitability in the Armenian Banking System, Journal of Emerging Market Finance, Vol. 17, Issue 3 (2018), pp. 307-332
• Kaspereit / Lopatta / Pakhchanyan / Prokop: Systemic Operational Risk: Spillover Effects of Large Operational Losses in the European Banking Industry, Journal of Risk Finance, Vol. 18, Issue 3 (2017), pp. 252-267 (doi.org/10.1108/JRF-11-2016-0141)
• Hu: The Impact of Sovereign Rating Events on Bank Stock Returns: An Empirical Analysis for the Eurozone, Journal of Risk Finance, Vol. 18 Issue. 4, 2017, pp. 338-367 (doi.org/10.1108/JRF-12-2016-0156)
• Pakhchanyan: Operational Risk Management in Financial Institutions: A Literature Review, International Journal of Financial Studies, 2016, 4(4), 20 (doi.org/10.3390/ijfs4040020)
• Hu / Prokop: The informational content of issuer credit rating changes in emerging stock markets: evidence from China, in Boubaker / Buchanan / Nguyen [eds.], Risk Management in Emerging Markets: Issues, Framework and Modeling, Emerald 2016, pp. 335-364 (www.emeraldinsight.com/doi/abs/10.1108/978-1-78635-452-520161023)
• Hu / Kaspereit / Prokop: The Information Content of Issuer Rating Changes: Evidence for the G7 Stock Markets, International Review of Financial Analysis, Vol. 47 (October 2016), pp. 99-108 (doi.org/10.1016/j.irfa.2016.06.012)
• Varmaz / Fieberg / Prokop: The value relevance of "too-big-to-fail" guarantees: evidence from the 2008-2009 banking crisis, Journal of Risk Finance, Vol. 16, Issue 5 (2015), pp. 498-518 (doi.org/10.1108/JRF-06-2015-0056)
• Hollander / Prokop: Stock Price Effects of Asset Securitization: The Case of Liquidity Facility Providers, The Quarterly Review of Economics and Finance, Vol. 57 (2015), pp. 147-160 (doi.org/10.1016/j.qref.2014.11.002)
• Forbes / O'Donohoe / Prokop: Financial regulation, collective cognition, and nation state crisis management: a multiple case study of bank failures in Germany, Ireland, and the UK, Journal of Risk Finance, Vol. 16, Issue 3 (2015), pp. 284-302 (doi.org/10.1108/JRF-10-2014-0157)
• Fieberg / Körner / Prokop / Varmaz: Big is beautiful: the information content of bank rating changes, Journal of Risk Finance, Vol. 16, Issue 3 (2015), pp. 233-252 (doi.org/10.1108/JRF-10-2014-0156)
• Prokop: Unobservable Service Quality and Moral Hazard: The Case of Impartial Business Valuations, Qualitative Research in Financial Markets, Vol. 5(2) (2013), pp. 178-194 (doi.org/10.1108/QRFM-08-2011-0022)
• Prokop / Pfeifer: How do you deal with operational risk? A survey of risk management practices in the German insurance sector, Journal of Risk Management in Financial Institutions, Vol. 6, No. 4 (2013), pp. 444-454
• Prokop: Further Evidence on the Role of Ratio Choice in Hedge Fund Performance Evaluation, Journal of Finance and Investment Analysis, Vol. 1, No. 3 (2012), pp. 181-195
• Borde / Prokop: The Market for Squeeze-out Valuation and Auditing Services: Evidence from Germany, in Koveos [ed.], The Dynamic World of Accounting: Research, Practice and Education in a Changing Environment, Athens 2011, pp. 167-184
• Prokop: On the Persistence of a Calendar Anomaly: The Day-of-the-Week Effect in German and US Stock Market Returns, International Research Journal of Finance and Economics, Issue 54 (2010), pp. 176-190
• Prokop / Borde: Kommunales Finanzmanagement:
  Möglichkeiten und Grenzen moderner Finanzinstrumente, Erich Schmidt Verlag, Berlin 2010

Winter term

• wir390 Financial Management (B.A.)
• wir837 Advanced Corporate Finance (M.A.)
• wir839 Financial Statement Analysis and Equity Valuation (M.A.)
• Thesis Colloquium (B.A., M.A.)

Summer term

• wir082 Corporate Finance (B.A.)
• wir842 Banking (M.A.)
• wir843 Financial Risk Management (M.A.)
• Thesis Colloquium (B.A., M.A.)