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, Climate Finance, Crypto assets, NFTs, and Quantitative Asset Management. 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). He's been an external research fellow at the Center for Climate Finance and Sustainability (at USI Lugano, Switzerland) since October 2021.

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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!



I'm not offering regular consultation hours. Please write me an e-mail using your official university e-mail address (!) to arrange a call/meeting. 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


Pre-Publication Revisions of Bank Financial Statements: A Novel Way to Monitor Banks?, with M Naeem, L. Norden, and B. Van Doornik, Journal of Financial Intermediation, forthcoming


Selected Working Papers

Bitcoin Flash Crash on May 19, 2021: What did really happen on Binance?, with T. Baumgartner

MIT GCFP Annual Conference 2022, Auckland Centre for Financial Research Conference on Derivative Markets 2022, AEFIN Finance Forum 2022, British Accounting and Finance Association Annual Conference 2022


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


Do Public Bank Guarantees Affect Labor Market Outcomes? Evidence from Individual Employment and Wages, with L. Fuerstenfelder, G. Gebhardt, and R. Gropp

Professor Andre Guettler


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.



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