MAster Theses: General Rules

I am willing to supervise Master and Bachelor theses in the research fields of Empirical Asset Pricing, Hedge Funds, Mutual Funds, and Behavioral Finance. You can either apply for a topic from the list below (topics will be announced in September 2021) or suggest your own topic. 

 I expect you to aim for a high-quality thesis. The objective should be that your thesis has publication standards similar to a peer-reviewed article in an academic finance journal. To obtain a good grade, I expect your thesis to include a well-grounded empirical study that delivers a novel contribution to existing finance research. For all topics you should be familiar with a statistical software package like Stata, SAS, Matlab, or R. Excel is not sufficient. I will help you to retrieve data for your thesis. 

 The thesis can be written in LaTeX (preferred) or in Word. 

Past Supvervised Theses

Emprical Asset Pricing
Asset Pricing with Downside Risk | Do Stocks Outperform Treasury Bills Worldwide? | Seasonality in Asset Pricing Abnormalies | Momentum Crashes: Evidence From International Stock Markets | Using Company Red Flags as Short-Selling Indicators | Performance of Merger-Arbitrage Strategies | Performance of Automobile Investments and other Collectibles | Cross-Section of Cryptocurrencies | Reducing the Tail Risk of Cryptocurrencies 

Hedge Funds
Hedge Fund Performance and Industry Competition | Risk Factor Timing of Hedge Funds | Hedge Funds and the Real Estate Market | Hedge Fund Performance and the Fama and French  Five Factor Model | Funding Liquidity Risk and Hedge Fund Returns | Strategy Distinctiveness, R2, and Hedge Fund Returns | Flow-Performance Relationship in the Hedge Fund Industry | Derivative Usage of Hedge Funds | Leverage Usage of Hedge Funds | Understanding the Performance of Hedge Funds with Venture Capital Indices 

Mutual Funds
Do High-Fee Mutual Funds Deliver Superior Performance? | Systematic Fund Flows and Mutual Fund Investor Clienteles | Do Mutual Funds Perform Better in Recessions? | Cash Holdings and the Performance of Mutual Funds | Liquidity Management of Mutual Funds | Performance Streaks and Mutual Fund Flows | Performance of Sustainable Mutual Funds

Behavioral Finance
Good Day Sunshine: Stock Returns and the Weather | Effects of Soccer-Related Mood Swings on Asset Prices | Lottery Stocks and the Cross-Section of Expected Stock Returns Worldwide | Past Experiences of Mutual Fund Managers | Sentiment-Based Comovement of Stocks | Flow-Performance Relationship of Mutual Funds: A Loss Averse Perspective