Prof. Dr. Andre Guettler

Director of the Institute

Andre Guettler holds a doctoral degree from Goethe University Frankfurt. Before joining Ulm University in April 2013, he was Assistant Professor and Heisenberg Scholar at EBS Business School. He was visiting National University of Singapore, University of Texas at Austin, Tilburg University, Coppead Business School, and the Federal Reserve Bank of Chicago. His research concentrates on Financial Intermediation, Green Finance, Quantitative Asset Management, and Cryptocurrencies. The German Science Foundation (DFG) has been supporting four research projects and his Heisenberg Scholarship. Since June 2016, he has been appointed as Research Professor at the Halle Institute for Economic Research (IWH).

Download CV 


Examination Board Business Administration  ("Prüfungsausschuss Wirtschaftswissenschaften")

Please carefully read the information given here. In particular, you have to submit *ALL* information to the central mailing list (pruefungsausschuss-wiwi[at] Note two things: a) you only lose time if you send your documents/requests to Professor Guettler, because he will delete your e-mails if you do not follow the guidelines; b) use your official e-mail address while sending e-mails to the mentioned mailing list!



Due to the current Covid-19 situation, I'm not offering regular consultation hours. Please write me an e-mail using your official university e-mail address (!) to arrange a call (by phone or Zoom). Please mention your request and at least three possible time slots.


Selected Publications

Gender and Banking: Are Women Better Loan Officers?, with T. Beck and P. Behr, Review of Finance 17 (2013), 1279-1321

VoxEU column, NY Times Economics Blog, The Wall Street Journal Economics Blog


The Impact of Public Guarantees on Bank Risk Taking: Evidence from a Natural Experiment, with R. Gropp and C. Gruendl, Review of Finance 18 (2014), 457-488 (lead article)

VoxEU column, Ökonomenstimme column (in German)

Best paper award - Conference of the German Finance Association 2010

"Virtual Issue: Politics and International Finance" of the Review of Finance

EFA 2010, AFA 2011


Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract, with P. Behr, A. Drexler, and R. Gropp, Journal of Financial and Quantitative Analysis 55 (2020), 1243-1267.

FAZ ("Der Volkswirt")

EFA 2014, AFA 2015

Semifinalist best paper award in the category financial markets and institutions, Financial Management Association 2016 


Public Guarantees and Allocative Efficiency, with R. Gropp and V. Saadi, Journal of Monetary Economics 116 (2020), 53-69.

EFA 2015, Day-Ahead Conference of the Fed San Francisco 2016, FIRS 2016, BHC/BoE/CEPR/CFM conference on Finance, Investment and Productivity 2016; Chicago Financial Institutions Conference 2017,  MIT Golub Center for Finance and Policy Conference 2017

German Research Foundation, grant number 3596/3-1


Selected Working Papers

Competition Between Arm's Length and Relational Lenders: Who Wins the Contest?, with A. Drexler and A.A. Taskin

SFS Cavalcade NA 2019, Knut Wicksell Conference on Financial Intermediation 2019, AFA 2020, SGF 2020


Aggregate Insider Trading and Equity Premium Predictability: Evidence from the U.S. and Europe, with P. Hable, P. Launhardt, and F. Miebs


Has Manipulation in the VIX Decreased?, with T. Baumgartner

Spanish Finance Association 2021, International Young Finance Scholars Conference 2021, SNB Microstructure Conference 2021*, German Finance Association 2021*



Prof. Dr. Andre Guettler
room:    205
phone: +49 (0) 731/50 31030
e-mail:   andre.guettler (at)


I receive many e-mails asking about admissions, research opportunities, etc.

I cannot read all of them, so please don't be offended if you do not receive a response to an e-mail.



University of Ulm
Institute of Strategic Management and Finance
Helmholtzstraße 22
89081 Ulm