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  • Cover photo: Reflexion-Das Photoatelier, Jens Werner, Rodgau

    Table of Contents

    Welcome to Trier 3

    General Information 4

    Directions 5

    Conference Locations 6

    Sightseeing in Trier 8

    Academic Sessions (with Abstracts) 9

    DGF 2018 Reviewers 64

    Calls for Papers 66

    Comments 68

  • Dear friends and members of the DGF,

    On behalf of Trier University and the German Finance Association, I am de-

    lighted to welcome you to the 25th Annual Meeting of the German Finance

    Association (DGF) in Trier.

    The conference aims at bringing together researchers and practitioners alike

    to discuss the most recent research from all areas of finance, banking and

    insurance. We have received 222 submissions from more than 20 countries.

    In a double blind review process, all submissions were reviewed by at least

    two reviewers. We are extremely grateful to all 134 reviewers for their

    important contribution to the conference. The conference program com-

    prises 30 sessions and a poster session. Professor Alexander Ljungqvist,

    Stockholm School of Economics and New York University (Stern School of

    Business),