Discussion with Prof. Dr. Markus Rudolf (economic expert WHU) on the BVerfG ruling regarding the supplementary budget, phoenix der tag from November 16th, 2023.
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The Chair of Finance was established in 1988. Our research and teaching focus on capital market theory and financial intermediaries.
In addition to our commitment to research and teaching, we are involved in several other activities. From the executive education program WHU on Finance in Frankfurt, to the Campus for Finance – WHU New Year's Conference, and our collaboration with the WHU Finance Society, the chair engages extensively with the wider finance community.
Contributing to cutting-edge research –
Take a look at some of our publications.
Sentimental sustainability: does what companies say tell more than what companies do?
Ignatov, K., Rudolf, M. (2023), Financial Markets, Institutions & Instruments, Vol. 32 (4), pp. 221-252
Cryptocurrencies and the low volatility anomaly
Burggraf, T., Rudolf, M. (2021), Finance Research Letters, Vol. 40, Article no. 101683, 8 pages
Do FEARS drive bitcoin?
Burggraf, T., Huynh, T. L. D., Rudolf, M., Wang, M. (2021), Review of Behavioral Finance, Vol. 13 (3), pp. 229-258
Gold, platinum, and industry stock returns
Pham, Q., Rudolf, M. (2021), International Review of Economics & Finance, Vol. 75, pp. 252-266
Feedback trading: strategies during day and night with global interconnectedness
Kusen, A., Rudolf, M. (2019), Research in International Business and Finance, Vol. 48, pp. 438-463
Seasonal stochastic volatility: implications for the pricing of commodity options
Arismendi, J., Back, J., Prokopczuk, M., Paschke, R., Rudolf, M. (2016), Journal of Banking & Finance, Vol. 66, pp. 53-65
The illiquidity discount of life insurance investments
Kümmerle, R., Rudolf, M. (2016), Zeitschrift für die gesamte Versicherungswissenschaft = German Journal of Risk and Insurance, Vol. 105, pp. 255-287
Customer satisfaction in private banking
Rudolf, M., Seiler, V. (2014), Credit and Capital Markets : Kredit und Kapital, Vol. 47, pp. 485-520
Bankruptcy codes, bargaining, and the valuation of distressed securities
Lücke, M., Rudolf, M. (2013), Problems and Perspectives in Management, Vol. 11, pp. 7-23
Die Performance ist verbesserungswürdig
Rudolf, M., Krume, T. (2013), Bank und Markt : Zeitschrift für Banking, Vol. 42, pp. 35-38
Seasonality and the valuation of commodity options
Back, J., Prokopczuk, M., Rudolf, M. (2013), Journal of Banking & Finance, Vol. 37, pp. 273-290
The influence of socio-demographic variables on customer satisfaction and loyalty in the private banking industry
Seiler, V., Rudolf, M., Krume, T. (2013), International Journal of Bank Marketing, Vol. 31, pp. 235-258
ETFs: finding your way around active risk
Dethleffsen, M., Rudolf, M. (2012), Problems and Perspectives in Management, Vol. 10, pp. 29-41
Outcomes of service quality in private banking business: uncovering a chain of effects
Horn, C., Rudolf, M. (2012), International Journal of Business and Management, Vol. 7 (4), pp. 44-56
The economic value of nonlinear predictions in asset allocation
Kruse, F., Rudolf, M. (2012), Problems and Perspectives in Management, Vol. 10, pp. 66-81
Service quality in the private banking business
Horn, C., Rudolf, M. (2011), Financial Markets and Portfolio Management = Finanzmarkt und Portfolio-Management = Marché Financier et Gestion de Portefeuilles, Vol. 25, pp. 173-195
Basel III: wie die Leverage Ratio das globale Bankensystem destabilisieren könnte
Rudolf, M. (2010), GoingPublic : Magazin, Vol. 6, pp. 26-28
Lehren aus der Finanzmarkt- und Wirtschaftskrise für das Finanzsystem
Rudolf, M. (2010), Controlling & Management / Sonderheft : Zeitschrift für Controlling und Management, Vol. 54, pp. 37-38
Weiterbildung für Finanzdienstleister im Qualitätswettbewerb
Rudolf, M. (2010), Bank und Markt : Zeitschrift für Banking, Vol. 39 (8), pp. 38-41
Das große Ganze
Rudolf, M., Breidenbach, M. (2008), Frankfurter Allgemeine Zeitung : FAZ, p. B4
Die betriebswirtschaftliche Fallstudie: Investitionsentscheidungen bei einem öffentlichen Auftraggeber - Aufgabenstellung
Niebergall, J., Rudolf, M. (2008), Wirtschaftswissenschaftliches Studium, Vol. 36, pp. 56-58
Die betriebswirtschaftliche Fallstudie: Investitionsentscheidungen bei einem öffentlichen Auftraggeber - Lösung
Niebergall, J., Rudolf, M. (2008), Wirtschaftswissenschaftliches Studium, Vol. 36, pp. 111-116
Ganzheitliche Portfoliooptimierung: mehr als Markowitz
Rudolf, M. (2008), Die Bank, (4), pp. 40-42
Schiefe in der Portfolioselektion
Guse, F., Rudolf, M. (2008), Kredit und Kapital, Vol. 42, pp. 197-216
Berufsbild "Private Banker": Ausbildung, Kenntnisse, Fähigkeiten
Rudolf, M. (2007), Unternehmer-Magazin : Inhaber im Mittelstand, Vol. 55 (1), pp. 48-49
Exchange rates and the conversion of currency-specific risk premia
Eisenberg, A., Rudolf, M. (2007), European Financial Management, Vol. 13, pp. 672-701
Editorial
Rudolf, M. (2006), Financial Markets and Portfolio Management = Finanzmarkt und Portfolio-Management = Marché Financier et Gestion de Portefeuilles, Vol. 20, pp. 241-242
Optionsbewertung mit stochastischer Volatilität: Implementation des Heston-Modells
Muck, M., Rudolf, M. (2006), Wirtschaftswissenschaftliches Studium, Vol. 35, pp. 325-330
Improving discrete implementation of the Hull and White two-factor model
Muck, M., Rudolf, M. (2005), The Journal of Fixed Income, Vol. 14, pp. 67-75
Valuation of customers in growth companies: a scenario based model
Krafft, M., Rudolf, M., Rudolf-Sipötz, E. (2005), Schmalenbach Business Review, Vol. 57, pp. 103-127
Basel II: a guarantee for a stable banking system?
Rudolf, M., Adams, M., Muck, M. (2004), Financial Markets and Portfolio Management = Finanzmarkt und Portfolio-Management = Marché Financier et Gestion de Portefeuilles, Vol. 18, pp. 306-311
Bewertung von Swaptions im Hull/White Modell
Muck, M., Rudolf, M. (2004), Wirtschaftswissenschaftliches Studium, Vol. 33, pp. 211-216
Intertemporal surplus management
Rudolf, M., Ziemba, W. (2004), Journal of Economic Dynamics & Control, Vol. 28, pp. 975-990
Zinsstrukturmodelle: Hedging im Hull/White-Einfaktormodell in diskreter und stetiger Zeit
Muck, M., Rudolf, M. (2004), Finanz-Betrieb : Zeitschrift für Unternehmensfinanzierung und Finanzmanagement, Vol. 6 (7), pp. 551-561
How techonolgy stocks have become poor dogs and not cash cows
Muck, M., Rudolf, M. (2003), Finanzmarkt und Portfolio-Management, Vol. 17, pp. 1-8
Here you can find the courses of the Chair of Finance, information on bachelor and master theses and the contact persons for various topics.
- Bank Management
Professor Dr. Axel Wieandt
Teaching Assistant: n.a. - Financial Modeling with Excel
Niklas Julian Kriesten
Teaching Assistant: n.a. - Foundations of Finance
Professor Dr. Markus Rudolf and Dr. Katrin Baedorf
Teaching Assistant: Pascal Frank
If you are a student and would like to write your bachelor thesis at the Allianz Endowed Chair of Finance, please read the information provided in the documents below. Should you have further specific questions, please contact Simina Cioceanu.
- Asset Management
Prof. Dr. Hartmut Leser
Teaching Assistant: Diep Tran - Capital Market Theory
Prof. Dr. Markus Rudolf
Teaching Assistant: n.a. - European Banking and the Financial Crisis
Prof. Dr. Axel Wieandt
Teaching Assistant: n.a. - Financial Modeling with Excel
Niklas Julian Kriesten
Teaching Assistant: n.a.
If you are a student and would like to write your bachelor thesis at the Allianz Endowed Chair of Finance, please read the information provided in the documents below. Should you have further specific questions, please contact Simina Cioceanu.
- Managerial Finance
Professor Dr. Markus Rudolf and Dr. Katrin Baedorf
Teaching Assistant: Simina Cioceanu
- Allianz Financial Training Program
Contact person: Diep Tran - Awards and Events
Contact person: Diep Tran - Letters of Recommendation1)
Contact person: Simina Cioceanu - Coordination of Theses
Contact person: Simina Cioceanu - Course Recognition Check
Contact person: Simina Cioceanu - WHU Finance Lab and Refinitiv Eikon
Contact person: Marek Becker
1) Letters of Recommendation can only be issued if the following requirements are fulfilled: The student (1) has a current average grade of 1.5 or better and (2) has completed a module of Professor Dr. Markus Rudolf and received a grade of 1.3 or better. Please note that the processing of a request can take some time (approx. 3-4 weeks). Thank you for your understanding.
Get to know our team.
Chairholder
Professor Dr. Markus Rudolf
+49 (0)261 6509 421
Send email
Learn more
Personal Assistants
Honorary Professors
Professor Dr. Paul Achleitner
Professor Dr. Hartmut Leser
Professor Dr. Axel Wieandt
Research Assistants
- Dr. Michael Adams
- Dr. Nabil Alkafri
- Dr. Janis Back
- Dr. Katrin Baedorf
- Marek Becker
- Dr. Miriam Begtasevic
- Dr. Mareen Benk
- Dr. Valeria Biurrun
- Dr. Michael Borß
- Dr. Tobias Burggraf
- Dr. Ralf Conen
- Dr. Christopher Daniel
- Dr. Alexander Deneke
- Dr. Marius Iven Dethleffsen
- Dr. Astrid Eisenberg
- Dr. Marc Engelbrecht
- Dr. Nils Ernst
- Dr. Matthias Feldhues
- Dr. Johannes Frankenfeld
- Dr. Frank Guse
- Dr. Matthias Held
- Dr. Benedikt Himbert
- Dr. Carsten Horn
- Markus Hüren
- Samah Ibrahim
- Dr. Konstantin Ignatov
- Dr. Matthias Jäkel
- Juniorprofessor Dr. Julia Kapraun
- Prof. Dr. Karl-Ludwig Keiber
- Dr. Joachim Koch
- Dr. Ilja Konoplev
- Dr. Niklas Julian Kriesten
- Dr. André Kronimus
- Dr. Tim Krume
- Dr. Friedrich Kruse
- Dr. Ruth Kümmerle
- Dr. Alex Kusen
- Dr. Marc-Olivier Lücke
- Dr. René Maler
- Dr. Benjamin Meiers
- Dr. Detlef Mertens
- Dr. Sebastian Mönninghoff
- Prof. Dr. Matthias Muck
- Dr. Jörg Niebergall
- Dr. Marcel Omachel
- Dr. Christoph Pavel
- Dr. Quynh Pham
- Dr. Sören Pippart
- Dr. Holger Sachse
- Dr. Ulrich Schacht
- Dr. Jan Peter Schmütsch
- Dr. Sebastian Seidens
- Dr. Volker Seiler
- Dr. Konstantin Storms
- Dr. Danny Stutz
- Sina Timm
- Dr. Valentin Ulrici
- Dr. Marco Vietor
- Dr. Marc Wierzbitzki
- Dr. Sabine Winkler
- Dr. Kai Winselmann
- Dr. Christian Zaum
- Dr. Daniel Zipser
- Dr. Karl-Georg Altenburg
- Professor Gunter Dufey, PhD
Emeritus at University of Michigan - Stephan Gemkow
Board of Directors
Airbus - Christian U. Haas
CEO
PTV Group - Martin Korbmacher
Managing Associate
Event Horizon Capital & Advisory GmbH - Rudolf Matter
- Dr. Thorsten Reitmeyer
Senior Partner
BLC Berg Lund & Company - Professor Dr. Markus Rudolf
Chairholder Allianz Endowed Chair of Finance
WHU – Otto Beisheim School of Management - Dr. Egbert Schark
Managing Director
d-fine GmbH - Stephan Johannes Theissing
Chairman of the Advisory Board
Allianz SE - Johannes Züll
Chairman of the Management Board
Studio Hamburg Gruppe
WHU Campus for Finance is a succesful and professional student initiative founded in 1999 in cooperation with the Chair of Finance.
Working under the motto "Uniting the World of Finance", financial experts, business representatives, and students exchange ideas in a series of lectures, panel discussions, and workshops.


WHU Finance Society is the student finance club of WHU – Otto Beisheim School of Management. With more than 500 members and as WHU’s oldest student association, WHU Finance Society has created a platform of exchange for ambitious students who are interested in finance.
The Chair of Finance has supported WHU Finance Society for many years.