WHU
Household finance deals with the financial decisions of individuals. Do households participate in the stock market and thereby benefit from the equity risk premium? Are the portfolios of individual investors sufficiently diversified? Do individual investors trade too much, too little, or about right? Does the investment behavior of women and men differ? Unfortunately, individuals sometimes take financial decisions that are harmful to their wealth. Therefore, household finance also deals with potential ways to improve individuals’ decision-making. How does financial advice impact individual investors? Can new regulations improve the situation of households? How does financial technology (FinTech) impact the decision-making of individual investors? Thereby, household finance is equally relevant for researchers, policymakers, financial institutions, and the broader public. The Chair of Household Finance focuses on these topics in its research and teaching.

Publications

Review of Financial Studies, Vol. 36 (12), pp. 5012-5045

Inflation and Individual Investors’ Behavior: Evidence from the German Hyperinflation

F. Braggion, F. von Meyerinck, N. Schaub, 2023
Management Science, Vol. 67 (9), pp. 5679-5702

Do Individual Investors Trade on Investment-related Internet Postings?

N. Schaub, M. Ammann, 2021
Review of Financial Studies, Vol. 31 (11), pp. 4447-4492

Financial Advice and Bank Profits

D. Hoechle, S. Ruenzi, N. Schaub, M. Schmid, 2018
Journal of Financial and Quantitative Analysis, Vol. 53 (4), pp. 1805-1838

The Role of Data Providers as Information Intermediaries

N. Schaub, 2018
Review of Finance, Vol. 21 (2), pp. 871-910

The Impact of Financial Advice on Trade Performance and Behavioral Biases

D. Hoechle, S. Ruenzi, N. Schaub, M. Schmid, 2017
Journal of Banking and Finance, Vol. 37 (3), pp. 671-692

Hedge Fund Liquidity and Performance: Evidence from the Financial Crisis

N. Schaub, M. Schmid, 2013, Journal of Banking and Finance
Review of Financial Studies, Vol. 36 (12), pp. 5012-5045

Inflation and Individual Investors’ Behavior: Evidence from the German Hyperinflation

F. Braggion, F. von Meyerinck, N. Schaub, 2023
Management Science, Vol. 67 (9), pp. 5679-5702

Do Individual Investors Trade on Investment-related Internet Postings?

N. Schaub, M. Ammann, 2021
Review of Financial Studies, Vol. 31 (11), pp. 4447-4492

Financial Advice and Bank Profits

D. Hoechle, S. Ruenzi, N. Schaub, M. Schmid, 2018
Journal of Financial and Quantitative Analysis, Vol. 53 (4), pp. 1805-1838

The Role of Data Providers as Information Intermediaries

N. Schaub, 2018
Review of Finance, Vol. 21 (2), pp. 871-910

The Impact of Financial Advice on Trade Performance and Behavioral Biases

D. Hoechle, S. Ruenzi, N. Schaub, M. Schmid, 2017
Journal of Banking and Finance, Vol. 37 (3), pp. 671-692

Hedge Fund Liquidity and Performance: Evidence from the Financial Crisis

N. Schaub, M. Schmid, 2013, Journal of Banking and Finance

Working papers

Working paper
N. Schaub, F. Braggion, F. von Meyerinck, M. Weber
Working paper
N. Schaub, D. Hoechle, S. Ruenzi, M. Schmid
Working paper
N. Schaub, F. Braggion, F. von Meyerinck, M. Weber
Working paper
N. Schaub, D. Hoechle, S. Ruenzi, M. Schmid

Teaching

  • Financial Valuation (3rd semester)
  • Asset Management (4th or 5th semester)
  • Bachelor theses
  • Household Finance (2nd semester)
  • Master theses

Our team

Professor Nic Schaub
Professor Nic Schaub
Chairholder Room D-107
Johanna Häring
Johanna Häring
Personal Assistant Room D-119