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Head of the Research Group

Prof. Dr. Oscar A. Stolper

T  06421 28-21702
E  oscar.stolper@wiwi.uni-marburg.de
Am Plan 1
35032 Marburg

Office Hours:
by appointment (E-Mail)

Prof. Dr. Oscar Stolper has chaired the Behavioral Finance Research Group since 2014 and specializes in household finance, behavioral finance, and empirical capital market research. His major research focus lies on analyzing the decision behavior of private households in their role as financial market participants. Currently, he works on a research project funded by the Fritz Thyssen Foundation on the effectiveness of product information for investment funds. In another current research project funded by ZEVEDI, Prof. Dr. Stolper has joined an interdisciplinary project group headed by Prof. Dr. Katja Langenbucher (Goethe University Frankfurt) which deals with the growing challenges artificial intelligence, as a central driver of the modern financial sector, poses for the design of supervisory regulation of financial market players.

Prof. Stolper regularly collaborates with researchers from other universities such as the Copenhagen Business School (CBS) and the University of Sydney as well as institutions such as the German Central Bank, to which he has been affiliated as a visiting researcher since 2010. His work is published in renowned finance journals including the Review of Financial Studies and the Journal of Banking and Finance and has been recognized with major scientific awards such as the Review of Financial Studies Best Behavioral Paper Award. Besides, Prof. Stolper is member of various academic associations and actively contributes to an ongoing knowledge transfer in the field of finance.

Prior to joining the University of Marburg, he graduated in International Business Administration at the University of Tübingen and received his doctorate at the University of Giessen, where he had been working as a research assistant with the Chair of Financial Services (Prof. Andreas Walter) since 2009. His dissertation project was awarded a fellowship of the Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland.

• Inhalt ausklappen Inhalt einklappen Research InterestsResearch Interests

  • Household and Behavioral Finance
  • Mutual Funds and Fund Managers – funded by the Fritz Thyssen Stiftung
  • Empirical Capital Market Research

• Inhalt ausklappen Inhalt einklappen Selected PublicationsSelected Publications

  Birds of a Feather: The Impact of Homophily on the Propensity to Follow Financial Advice, with A. Walter. Review of Financial Studies 32(2), 524-563. RFS Best Behavioral Paper Award

  It Takes Two to Tango: Households’ Response to Financial Advice and the Role of Financial Literacy. Journal of Banking and Finance 92, 295-310.

  Is Local Bias a Cross-Border Phenomenon? Evidence from Individual Investors’ International Asset Allocation, with M. Baltzer and A. Walter. Journal of Banking and Finance 37(8), 2823–2835.

  Consumer Fraud Victimization and Financial Well-Being, with L. Brenner, T. Meyll and A. Walter. Journal of Economic Psychology 76, 102243.

  Double Dutch Finally Fixed? A Large-scale Investigation into the Readability of Mandatory Financial Product Information, with D. Scheld and A. Walter. Journal of Consumer Policy 44 (2), 151–178.

  Financial Literacy, Financial Advice, and Financial Behavior, with A. Walter. Journal of Business Economics 87(5), 581-643.

  The Nonlinear Dynamics of Corporate Bond Spreads: Regime-Dependent Effects of their Determinants, with H. Fischer. Journal of Economics and Statistics 241(2), 187-238.

  Home-Field Advantage or a Matter of Ambiguity Aversion? Local Bias among German Individual Investors, with M. Baltzer and A. Walter. European Journal of Finance 21(9), 734-754.

  Investor Familarity and Corporate Debt Financing Conditions, with L. Herrmann. Finance Research Letters 23, 263-268.

  Tagging the Triggers: An Empirical Analysis of Information Events Prompting Sell-Side Analyst Reports, with A. Kerl and A. Walter. Financial Markets and Portfolio Management 26(2), 217–246.

  Mind the gap: inheritance and inequality in retirement wealth, with L. Brenner. Intergenerational Justice Review 6(2), 63-72. Winner of the 2020 Intergenerational Justice Prize

• Inhalt ausklappen Inhalt einklappen Grants & AwardsGrants & Awards

  2021	Financial support of the research project "Künstliche Intelligenz und Finance – Innovation, Resilienz und Verantwortung" by Zentrum verantwortungsbewusste Digitalisierung (ZEVEDI)
  2020	Intergenerational Justice Prize for “Mind the gap: inheritance and inequality in retirement wealth” (Intergenerational Justice Review 6(2), 63-72)
  2020	Financial support of the research project "Mutual fund information disclosure: regulatory compliance, signaling, and investor response" by Fritz Thyssen Stiftung
  2019	Best Behavioral Finance Paper Award for “Birds of a Feather: The Impact of Homophily on the Propensity to Follow Financial Advice” (Review of Financial Studies 32(2), 524-563)
  2019	Best Research Award of the Department of Business & Economics at University of Marburg
  2018	Best Teaching Award (Bachelor) of the Department of Business & Economics at University of Marburg
  2017	Best Research Award of the Department of Business & Economics at University of Marburg
  2010 - 2013	Ph.D. scholarship granted by Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland

• Inhalt ausklappen Inhalt einklappen Additional ActivitiesAdditional Activities

  Participation in the Scientific Advisory Board of the Working Committee on Financial Analysis for Private Households (NA 159-02-15 AA), Services Standards Committee (NADL) of the German Institute for Standardization (DIN)

  Member of the research group Nordic Finance and the Good Society of the Copenhagen Business School (CBS)

  Activity as consultant for the German Research Foundation (DFG), Journal of Banking and Finance, Journal of International Financial Markets, Institutions and Money as well as for numerous scientific conferences

  Member of the Corporate and Household Finance Research Group and the Securities Holdings Statistics (SHS) Network of the Deutsche Bundesbank

  Member of the Wissenschaftliche Kommission Bankbetriebslehre/Finanzierung (WK BA-FI) of the Verband der Hochschullehrer für Betriebswirtschaftslehre (VHB)

  Member of the Advisory Board for Research Data Management at the Philipps-Universität Marburg