Prof. Dr. Andreas Walter

Curriculum Vitae:

Andreas Walter is a Professor of Financial Services at Justus Liebig University Giessen. Previously, he served as a Postdoctoral Researcher at the DFG Research Training Group "Corporate Development, Market Processes, and Regulation in Dynamic Decision Processes," and as a Visiting Scholar at the Ross School of Business at the University of Michigan.

His research focuses on the decision-making behavior of private and institutional investors, particularly Behavioral Finance, Household Finance, Asset Management, and ESG Investments. Andreas Walter's research has been published in leading international journals such as the Review of Financial Studies, the Review of Finance, Research Policy and the Journal of Banking and Finance. His research work has also received several awards, including the Hillcrest Best Paper Award in Behavioral Finance, the SWX Best Paper Award, and the Walther Rathenau Prize.

He teaches in the areas of Financial Services, Behavioral Finance, Risk Management, and Sustainable Finance.

Andreas Walter earned his Ph.D. in Finance from Eberhard Karls University Tübingen and pursued his studies in Business Administration at the same institution after completing a banking apprenticeship.

Selected publications:

• Fernandes M, Hilber S, Sturm J.-E, Walter A (2023)
  Closing the Gender Gap in Academia? Evidence from an Affirmative Action Program
  Research Policy, 52.
  
  
• Brenner L, Meyll T, Stolper O, Walter A (2020)
  Consumer Fraud Victimization and Financial Well-Being
  Journal of Economic Psychology, 76.
  
  
• Stolper O, Walter A (2019)
  Birds of a Feather: the Impact of Homophily on the Propensity to Follow Financial Advice
  Review of Financial Studies, 32, pp. 524-563.
  
  
• Kerl A, Miersch E, Walter A (2018)
  Evaluation of Academic Finance Conferences
  Journal of Banking & Finance, 89, pp. 26-38.
  
  
• Baltzer M, Stolper O, Walter A (2013)
  Is local bias a cross-border phenomenon? Evidence from individual investors’ international asset allocation
  Journal of Banking & Finance, 37, pp. 2823-2835.
  
  
• Kerl A, Walter A (2007)
  Market Responses to Buy Recommendations Issued by Personal Finance Magazines: Effects of Information, Price-Pressure, and Company Characteristics
  Review of Finance, 11, pp. 117-141.

Complete list of publications:

• Fernandes M, Walter A (2023)
  The times they are a-changin’: profiling newly tenured business economics professors in Germany over the past thirty years
  Journal of Business Economics, 93, pp. 1-43.
  
  
• Fernandes M, Hilber S, Sturm J.-E, Walter A (2023)
  Closing the Gender Gap in Academia? Evidence from an Affirmative Action Program
  Research Policy, 52.
  
  
• Scheld D, Tourneau A, Stolper O, Walter A (2022)
  Wie verständlich sind Angebotsschreiben der Rentenprodukte in der deutschen Lebensversicherung?
  Zeitschrift für Versicherungswesen, 20.
  
  
• Becker M, Stolper O, Walter A (2022)
  The Impact of Mobile Banking Adoption on Retail Banking in Germany
  Zeitschrift für das gesamte Genossenschaftswesen, 72, pp. 234-267.
  
  
• Becker M, Stolper O, Walter A (2022)
  What Drives Mobile Banking Adoption? – An Empirical Investigation Using Transaction Data
  Zeitschrift für Bankrecht und Bankwirtschaft, 34, pp. 1-11.
  
  
• Fernandes M, Walter A (2022)
  Publication Behavior in Different Fields of Business Administration: From Anecdotal to Empirical Evidence
  Schmalenbach Journal of Business Research, 74, pp. 265–306.
  
  
• Becker M, Martin F, Walter A (2022)
  The power of ESG transparency: the effect of the new SFDR sustainability labels on mutual funds and individual investors
  Finance Research Letters, 47.
  
  
• Scheld D, Stolper O, Walter A (2021)
  Double Dutch Finally Fixed? A Large-scale Investigation into the Readability of Mandatory Financial Product Information
  Journal of Consumer Policy, 44, pp. 151–178.
  
  
• Brenner L, Meyll T, Stolper O, Walter A (2020)
  Consumer Fraud Victimization and Financial Well-Being
  Journal of Economic Psychology, 76.
  
  
• Meyll T, Pauls T, Walter A (2020)
  Why Do Households Leave Money on the Table? The Case of Subsidized Pension products
  Journal of Behavioral Finance, 21, pp. 266-283.
  
  
• Stolper O, Walter A (2019)
  Birds of a Feather: the Impact of Homophily on the Propensity to Follow Financial Advice
  Review of Financial Studies, 32, pp. 524-563.
  
  
• Tillmann P, Walter A (2019)
  The Effect of Diverging Communication: The Case of the ECB and the Bundesbank
  Economics Letters, 176, pp. 68-74.
  
  
• Röder F, Walter A (2019)
  What Drives Investment Flows into Social Trading Portfolios?
  Journal of Financial Research, 42, pp. 383-411.
  
  
• Bannier C, Meyll T, Röder F, Walter A (2019)
  The Gender Gap in 'Bitcoin literacy'
  Journal of Behavioral and Experimental Finance, 22, pp. 129-134.
  
  
• Bannier C, Pauls T, Walter A (2019)
  Content Analysis of Business Communication: Introducing a German Dictionary
  Journal of Business Economics, 89, pp. 79-123.
  
  
• Meyll T, Walter A (2019)
  Tapping and Waving to Debt: Mobile Payments and Credit Card Behavior
  Finance Research Letters, 28, pp. 381-387.
  
  
• Kerl A, Miersch E, Walter A (2018)
  Evaluation of Academic Finance Conferences
  Journal of Banking & Finance, 89, pp. 26-38.
  
  
• Stolper O, Walter A (2017)
  Financial Literacy, Financial Advice, and Financial Behavior
  Journal of Business Economics, 87, pp. 581-643.
  
  
• Beck T, Grunert J, Neus W, Walter A (2017)
  What Determines Collection Rates of Debt Collection Agencies?
  The Financial Review, 52, pp. 259-279.
  
  
• Thomale C, Walter A (2016)
  Delisting als Regulierungsaufgabe
  Zeitschrift für Unternehmens- und Gesellschaftsrecht (ZGR), Vol. 2016, No. 5, pp. 679–728.
  
  
• Kadel A, Walter A (2015)
  Do scholars in Economics and Finance react to alphabetical discrimination?
  Finance Research Letters, 14, pp. 64–68.
  
  
• Arand D, Kerl A, Walter A (2015)
  When do sell-side analyst reports really matter? Shareholder protection, institutional investors and the informativeness of equity research
  European Financial Management, 21, pp. 524-555.
  
  
• Doukas J.-A, Walter A (2015)
  European Financial Management Association (EFMA) Annual Meetings: A Retrospective Evaluation
  European Financial Management 21, pp. 790-810.
  
  
• Kerl A, Schürg C, Walter A (2014)
  The impact of Financial Times Deutschland news on stock prices – post announcement drifts and inattention of investors
  Financial Markets and Portfolio Management, 28, pp. 409-436.
  
  
• Baltzer M, Stolper O, Walter A (2014)
  Home-field advantage or a matter of ambiguity aversion? Local bias among German individual investors
  European Journal of Finance, 21, pp. 734-754.
  
  
• Frey S, Herbst P, Walter A (2014)
  Measuring Mutual Fund Herding - A Structural Approach
  Journal of International Financial Markets, Institutions and Money, 15, pp. 219-239.
  
  
• Baltzer M, Stolper O, Walter A (2013)
  Is local bias a cross-border phenomenon? Evidence from individual investors’ international asset allocation
  Journal of Banking and Finance, 37, pp. 2823-2835.
  
  
• Franck A, Walter A, Witt J (2013)
  Momentum Strategies of German Mutual Funds
  Financial Markets and Portfolio Management, 27, pp. 307-332.
  
  
• Franck A, Walter A (2013)
  Portfolio Complexity and Herd Behavior: Evidence from the German Mutual Fund Market
  Kredit und Kapital, 45, pp. 343-371.
  
  
• Kerl A, Stolper O, Walter A (2012)
  Tagging the Triggers: An Empirical Analysis of Information Events prompting Sell-side Analyst Reports
  Financial Markets and Portfolio Management, 26, pp. 217-246.
  
  
• Walter A (2011)
  The effects of coauthorship on the quality of financial research papers
  Zeitschrift für Betriebswirtschaft, 81, pp. 205-234.
  
  
• Naujoks M, Aretz K, Kerl A, Walter A (2009)
  Do German Security Analysts Herd?
  Financial Markets and Portfolio Management, 23, pp. 3-29.
  
  
• Kerl A, Walter A (2009)
  Long-run Performance Evaluation of Journalists’ Stock Recommendations
  Kredit und Kapital, 42, pp. 213-243.
  
  
• Neus W, Walter A (2008)
  Kursgewinne durch Entlassungspläne? Erste Ergebnisse aus Deutschland
  Perspektiven der Wirtschaftspolitik, 10, pp. 1-20.
  
  
• Kerl A, Walter A (2008)
  Never Judge a Book by Its Cover – What Security Analysts Have to Say Beyond Recommendations
  Financial Markets and Portfolio Management, 22, pp. 289-321.
  
  
• Neus W, Walter A (2008)
  Lines of Research in Fifty Years of Corporate Financial Theory
  Zeitschrift für Betriebswirtschaft, Special Issue 6/2008, pp. 1-38.
  
  
• Dymke B.-M, Walter A (2008)
  Insider Trading in Germany – Do Corporate Insiders Exploit Inside Information?
  Business Research, 1, pp. 188-205.
  
  
• Baltzer M, Walter A (2008)
  Erfolgsfaktoren beim Biathlon: Werden die Rennen am Schießstand entschieden?
  Sportwissenschaft, 38, pp. 272-287.
  
  
• Kerl A, Walter A (2008)
  The Usual Suspects: The Effects of Attention on Journalists’ Stock Recommendations
  Applied Financial Economics Letters, 4, pp. 97-101.
  
  
• Kerl A, Walter A (2007)
  Market Responses to Buy Recommendations Issued by Personal Finance Magazines: Effects of Information, Price-Pressure, and Company Characteristics
  Review of Finance, 11, pp. 117-141.
  
  
• Brixner J, Walter A (2007)
  Stock Prices and the Dissemination of Second-hand Information – New Evidence from Germany
  Applied Economics Letters, 14, pp. 91-94.
  
  
• Eisele F, Walter A (2006)
  Motive für den Rückzug von der Börse – Ergebnisse einer Befragung deutscher Going Private-Unternehmen
  Zeitschrift für betriebswirtschaftliche Forschung, 58, pp. 807-833.
  
  
• Eisele F, Walter A (2006)
  Finanzwirtschaftliche Charakteristika deutscher Going Private–Unternehmen
  Finanz Betrieb, 7, pp. 360-372.
  
  
• Walter A, Weber F.-M (2006)
  Herding in the German Mutual Fund Industry
  European Financial Management, 12, pp. 375-406.
  
  
• Grupp B.-M, Neus W, Walter A (2006)
  Der Erfolg von Börseneinführungen mit Beteiligung von Business-Angels – Eine empirische Untersuchung für den deutschen Kapitalmarkt
  Finanz Betrieb, 7, pp. 343-351.
  
  
• Eisele F, Walter A (2006)
  Kursreaktionen auf die Ankündigung von Going Private-Transaktionen am deutschen Kapitalmarkt
  Zeitschrift für betriebswirtschaftliche Forschung, 58, pp. 337-362.
  
  
• Eisele F, Götz A, Walter A (2003)
  Going Private-Transaktionen am deutschen Kapitalmarkt – Eine empirische Bestandsaufnahme
  Finanz Betrieb, 5, pp. 839-850.
  
  
• Eisele F, Götz A, Walter A (2003)
  Motive, Gestaltungsalternativen und Ablauf eines Going Private – Ein alternativer Erklärungsansatz für das Börsenrückzugsphänomen
  Finanz Betrieb, 5, pp. 479-485
  
  
• Hirth H, Walter A (2002)
  Investition, Imitation und Reputation
  Betriebswirtschaftliche Forschung und Praxis, 54, pp. 35-47.