CURRICULUM VITAE Christina E. Bannier

CURRICULUM VITAE
Christina E. Bannier
Updated 01/05/2015
Johannes Gutenberg-University Mainz
Jakob-Welder-Weg 9
D - 55128 Mainz
Phone: +49-6131-39-22979
Fax: +49-6131-39-29908
Email: [email protected]
http://www.cf.bwl.uni-mainz.de
EDUCATION
Habilitation, Goethe-University Frankfurt, 2006
PhD (Dr. rer. pol.), Kassel-University, 2002
M.Sc. (Diplom), Liebig-University Gießen, 1999
B.Sc. (Vordiplom), Liebig-University Gießen, 1996
EMPLOYMENT
Professor of Corporate Finance, Gutenberg-University Mainz, 2013-present
Professor of Corporate Finance, Commerzbank Endowed Chair of SME-Finance, Frankfurt
School of Finance & Management, 2007-2013
Interim-Professor of Financial Market Theory, Leibniz-University Hannover, 2006-2007
Assistant Professor of Finance, Goethe-University Frankfurt, 2002-2006
Research Assistant, Center for Financial Studies, Goethe-University Frankfurt, 2002
Research Assistant, University of Kassel, 1999-2002
FELLOWSHIPS
Research Fellow, Center for Financial Studies, Goethe-University Frankfurt, 2013-present
RESEARCH INTERESTS
Corporate Finance, Financial Intermediation, Banking, Contract Theory, Information
Economics
RESEARCH
Peer-Reviewed Journal Articles
“Characteristics and development of corporate and sovereign CDS” (with Heinz Vogel and
Tom Heidorn), 2014, Journal of Risk Finance, Vol. 15(5), 482-509.
“SMEs’ growth heterogeneity – Evidence from regional developments” (with Sabrina Zahn),
2014, International Journal of Business Administration, Vol. 5(2), 23-49.
Competition, bonuses, and risk-taking in the banking industry (with Eberhard Feess and
Natalie Packham), 2013, Review of Finance, 17, 653-690.
Are SMEs large firms en miniature? – Evidence from a growth analysis of German SMEs
(with Sabrina Metz), 2012, International Journal of Entrepreneurship and Small Business,17
(2), 220-248.
The economic function of credit rating agencies - What does the watchlist tell us? (with
Christian Hirsch), 2010, Journal of Banking and Finance, 34(12), 3037-3049.
Rating opaque borrowers: why are unsolicted ratings lower? (with Patrick Behr and André
Güttler), 2010, Review of Finance, 14 (3), 263-294.
Stabilität versus Aktualität - Wann sind stabile Agency-Ratings marktbasierten Bewertungen
vorzuziehen?, 2010, Kredit und Kapital, No.3/2010, 349-374.
Is there a hold-up benefit in heterogeneous multiple bank financing?, 2010, Journal of
Institutional and Theoretical Economics, 166(4), 641-661.
Open-End Real Estate Funds in Germany – Genesis and Crisis (with Falko Fecht and Marcel
Tyrell), 2008, Kredit und Kapital, No.1/2008, 9-36.
Heterogeneous multiple bank financing: does it reduce inefficient credit decisions under
uncertainty?, 2007, Financial Markets and Portfolio Management, 21, 445-470.
The Role of Information Disclosure and Uncertainty in the Mexican Peso Crisis 1994/95:
Empirical Evidence, 2006, Review of International Economics, 14(5), 883-910.
Big Elephants in Small Ponds: Do Large Traders Make Financial Markets More Aggressive?,
2005, Journal of Monetary Economics, 52(8), 1517-1532.
Optimal Transparency and Risk-Taking to Avoid Currency Crises (with Frank Heinemann),
2005, Journal of Institutional and Theoretical Economics, 161 (3), 374-391.
Private and Public Information in Self-Fulfilling Currency Crises, 2002, Journal of
Economics, 76(1), 65-85.
Monographs
Vertragstheorie – Eine Einführung mit finanzökonomischen Beispielen und Anwendungen,
2005, Springer, Physica-Verlag, Berlin Heidelberg New York.
Information Dissemination in Currency Crises, 2003, Springer, Berlin Heidelberg New York.
Working Papers
Performance pricing in bank loans – Accounting-based versus rating-based pricing designs
(with Markus Wiemann), 2014.
Incentive schemes, private information and the double-edged role of competition for workers
(with Eberhard Feess and Natalie Packham), 2014.
Do credit ratings affect firm investments? The monitoring role of rating agencies (with
Christian Hirsch and Carolin Schürg), 2014
Bonuses as screening devices: The detrimental impact of labour market competition (with
Eberhard Feess), 2012.
Credit rating agencies, financial market stability, and efficiency (with Marcel Tyrell), 2012.
Austausch von Kosteninformationen in Supply Chains – Open Book Accounting,
Unsicherheit und Vertrauen, 2010.
The Capital Structure of Germany’s Mittelstand – Data and Literature Review on an
Alleged Equity Gap (with Michael Grote), 2009.
Determinants of banks’ engagement in loan securitization (with Dennis Hänsel), 2010,
Deutsche Bundesbank, Discussion Paper, Series 2: Banking and Financial Studies, No. 10.
Policy- and practitioner-oriented contributions
Öffentliche und private Informationen in Unternehmens-Ratings (with Christian Hirsch),
2011, Risikomanager, 18-19.
The next big wave is not about to come – private equity and the German ‚equity gap’ (with
Michael Grote), 2009, BAI Newsletter I, 34-36.
SME Finance, 2008, in Müller, K.-P. and Steffens, U. (ed.): Die Zukunft der
Finanzdienstleistungsindustrie in Deutschland, Tagungsband zur Jubiläumskonferenz der
Frankfurt School of Finance and Management, 111-120.
Economic Indicators for Euroland: GDP, 1998, (with Stefan Bielmeier), Frankfurt Voice,
Deutsche Bank Research, No. 40, 3-5
Book reviews and didactic material
Book Review on Fourcans, A. and Franck, R. (2004): Currency Crises – A Theoretical and
Empirical Perspective, Edward Elgar, Cheltenham, UK, Northampton, USA, 2003, Journal of
Economics, 83(1), 98-102.
Perfektes Bayesianisches Gleichgewicht zur Lösung dynamischer Vertragsprobleme, 2004,
Wirtschaftswissenschaftliches Studium (WiSt), No. 7, 427-431.
Einheitswurzeln, 2001, WISU - das Wirtschaftsstudium, 29(7), 931-934
Book Review on Dohse, D. and Krieger-Boden, C., (1999): Währungsunion und Arbeitsmarkt
- Auftakt zu unabdingbaren Reformen, Mohr Siebeck, Tübingen 1998, Kredit und Kapital,
33(3), 442-445
Work in Progress
“Corporate cash holdings, investments and debt financing” (with Carolin Schürg)
“Competition effects in the private equity industry“ (with Ludovic Phalippou, Marc Umber
and Christian Rauch)
“Linguistics and finance – The international role of the CEO’s letters” (with Martina
Schrader-Kniffki)
“Performance effects of women in management – A metastudy” (with Ami Dalloul)
HONORS AND GRANTS
Founding member of university research network „Interdisciplinary Public Policy“,
Gutenberg-University Mainz, 2014
Teaching grant, Gutenberg-University Mainz, Innovative Teaching Project “Applied
Corporate Finance”, 2014
Financial Times Professor of the Week, November 2011
Research grant, Frankfurt Institute for Risk Management and Regulation (FIRM), Project:
“Welcher Zielfunktion folgt die Erstellung von Kreditratings? Implikationen für
Finanzmarktstabilität und Regulierung“, 2010
FMPM Best Paper Award, 2008
Best Paper Award, 13th Annual Meeting of the German Finance Association (DGF), 2006
SWX Best Paper Award, 7th Conference of the Swiss Society for Financial Market Research,
2004
Research grant, Kassel University, Project: ”Information Policy and Currency Crises”, 2002
Research Scholarship, Training and Mobility of Researchers (TMR) Network (European
Commission) “Financial Market Efficiency and Economic Efficiency”, 2001
PhD-Scholarship, Studienstiftung des deutschen Volkes, 2000-2001
DAAD Scholarship, 2000
Student-Scholarship, Studienstiftung des deutschen Volkes, 1997-1999
Best Student Award, Justus-Liebig-University Giessen, 1999
RESEARCH VISITS
Visiting Researcher, Financial University under the Government of the Russian Federation,
Moscow, Russia, 2008
Visiting Scholar, San Diego State University, USA, 2002
Visiting Scholar, Financial Markets Group, London School of Economics, UK, 2001, 2000
INVITED TALKS
Fonds Forum, 2014
ZBB-Tagung, House of Finance, Goethe-University Frankfurt, 2013
Research Seminar, Gutenberg-University Mainz, 2013, 2012
Research Seminar, University of Siegen, 2013
Research Seminar, University of Kassel, 2012
Euro Finance Week, 2012
Research Seminar, Humboldt-University Berlin, 2011
Research Seminar, European Business School, 2011, 2008
Symposium Entrepreneurship Today, Bergamo, 2010
Second Symposium SME-Financing, Siegen, 2010
European Summer Symposium in Financial Markets CEPR / Studienzentrum Gerzensee,
2009, 2006, 2005, 2004
ATINER - SME conference, Athens, 2009
Forum der deutschen Mittelstandsforschung, 2008
Conference on the Interaction of Market and Credit Risk, Deutsche Bundesbank, The Basel
Committee on Banking Supervision and Journal of Banking and Finance, Berlin, 2007
Wharton Research Workshop, University of Pennsylvania, 2007
Banken-Workshop, University of Münster, 2007
Research Seminar, Deutsche Bundesbank, Frankfurt, 2007
Research Seminar, Goethe-University Frankfurt, 2007, 2005, 2002
DAAD International Alumni-Conference “SME Finance”, Frankfurt School of Finance &
Management, 2007
MPI Econ Workshop, Max Planck Institut Bonn, 2006
Research Workshop “German Banking System Architecture”, Frankfurt, 2006
Finance and Accounting Seminar, University of Göttingen, 2005
Research Seminar, Leibniz-University Hannover, 2005
Workshop “Internationale Wirtschaftsbeziehungen”, University of Göttingen, 2004
Research Seminar, University of Duisburg, 2003
Research Seminar, University of Mannheim, 2002
Workshop “Internationale Wirtschaftsbeziehungen”, University of Passau, 2002
FMG International Financial Stability Seminar, London School of Economics, 2001
Research Seminar, University of Chemnitz, 2001
CONFERENCE TALKS
European Economic Association, Annual Meeting, Malaga, 2012
Verein für Socialpolitik, Annual Meeting, Göttingen, 2012
German Finance Association, Annual Meeting, Hannover, 2012
German Finance Association, Annual Meeting, Regensburg, 2011
European Financial Management Association, Annual Meeting, Braga, Portugal, 2011
European Economic Association, Annual Meeting, Oslo, Norway, 2011
German Economic Association of Business Administration, Annual Meeting, Frankfurt, 2010
Verein für Socialpolitik, Annual Meeting, Graz, 2008
Verband der Hochschullehrer für Betriebswirtschaft, Berlin, 2008
Campus for Finance, WHU, Vallendar, 2008, 2007
Deutsche Gesellschaft für Finanzwirtschaft, Dresden, 2007
GRETA Associati, C.R.E.D.I.T. 2007 Conference, Venice, 2007
Verein für Socialpolitik, Annual Meeting, München, 2007
SGF Conference, Zürich, 2007, 2006, 2004
Deutsche Gesellschaft für Finanzwirtschaft, Annual Meeting, Östrich-Winkel, 2006
Verein für Socialpolitik, Annual Meeting, Bayreuth, 2006
European Economic Association, Annual Meeting, Wien, 2006
Financial Intermediation Research Society (FIRS) Conference, Shanghai, 2006
Symposium “Finance, Banking and Insurance”, University of Karlsruhe, 2005
German Finance Association, Annual Meeting, Augsburg, 2005
European Economic Association, Annual Meeting, Amsterdam, 2005
European Science Days, Steyr, 2004
Econometric Society, Annual Meeting, Stockholm, 2003
Young Economist Spring Meeting, Leuven, 2003
Verein für Socialpolitik, Annual Meeting, Innsbruck, 2002
Econometric Society, European Annual Meeting, Venice, 2002
Young Economist Spring Meeting, Paris, 2002
Econometric Society, European Annual Meeting, Lausanne, 2001
European Economic Association, Annual Meeting, Lausanne, 2001
Young Economist Spring Meeting, Copenhagen, 2001
DISCUSSIONS
German Finance Association, Annual Meeting, Hannover, 2012
ECB-Workshop “The post-crisis design of the operational framework for the implementation
of monetary policy”, Frankfurt, 2011
German Finance Association, Annual Meeting, Regensburg, 2011
European Finance Association, Annual Meeting, Frankfurt, 2010
German Economic Association of Business Administration, XIth Symposium, Frankfurt,
2010
German Economic Association of Business Administration, Xth Symposium, Vallendar, 2009
Workshop “Money, Banking and Financial Markets”, University of Düsseldorf, 2009
SGF Conference, Zürich, 2007
Symposium “Finance, Banking and Insurance”, University of Karlsruhe, 2005
German Finance Association, Annual Meeting, Augsburg, 2005
CFS-Conference „Risk Transfer between (Re-)Insurers, Banks, and Markets“, Frankfurt, 2005
Young Economist Spring Meeting, Paris, 2002
Verein für Socialpolitik, Annual Meeting, Magdeburg, 2001
TEACHING
Advanced Corporate Finance (PhD)
Risk Management (Executive education, Master)
Applied Corporate Finance (Master)
Theory of Corporate Finance (Master)
Financial Markets, Institutions and Intermediation (Master)
Asset Pricing (Master)
Financial Market Crises (Master)
Introduction to Finance (Bachelor)
Investment and Finance (Bachelor)
Corporate Finance (Bachelor)
Decision Theory (Bachelor)
Microeconomics (Bachelor)
DOCTORAL DISSERTATION COMMITTEES
Marc Rustige (2011), Sabrina Zahn (2012), Markus Wiemann (2012), Eakapat Manitkajornkit
(2013), Merve Altundere (2014), Jie Fu (2014)
MENTORING
Julia Grüber, University of Halle-Wittenberg, 2013-present
PROFESSIONAL ACTIVITIES
Service to Profession
Ad-hoc referee for American Economic Review, Review of Financial Studies, European
Economic Review, Journal of Banking and Finance, Review of Finance, Journal of Money,
Credit, and Banking, International Journal of Central Banking, Journal of Economic Behavior
and Organization, Journal of Institutional and Theoretical Economics, Journal of International
Money and Finance, Review of International Economics, Scandinavian Journal of Economics,
Journal of Economics, Economic Modelling, Journal of Economic Surveys, Kredit und
Kapital, Zeitschrift für Betriebswirtschaft
Secretary of the ECB-CFS Research Network “Capital Markets and Financial Integration in
Europe”, 2002-2004
Member of the Program Committee for the Annual Meetings of European Finance
Association (EFA), European Financial Management Association (EFMA), German Finance
Association (DGF), Verband der Hochschullehrer für Betriebswirtschaftslehre, Campus for
Finance, Symposium Finance, Banking and Insurance
Referee for Deutsche Forschungsgemeinschaft (DFG)
Departmental / University-Service
Member of the Gutenberg Nachwuchskolleg at Gutenberg-University Mainz, 2014-present
Founding Member of the Research Network “Interdisciplinary Public Policy”, GutenbergUniversity Mainz, 2014-present
Member of the PhD-Committee at Graduate School of Economics, Finance and Management
(GSEFM) at Goethe-University Frankfurt, Gutenberg-University Mainz and TU Darmstadt,
2013-present
Head of Finance Department, Frankfurt School of Finance & Management, 2011-2013
Member of the Curriculum Committee (Master of Finance), Frankfurt School of Finance &
Management, 2011-2013
Coordinator of Departmental Research Seminar Series, Frankfurt School of Finance &
Management, 2008-2011
Coordinator of Departmental Research Seminar Series, Goethe-University Frankfurt, 20042005
Workshop and Conference Organisation
Co-organizer and Member of the Program Committee, CFS-IMF workshop on “Adapting to
New Challenges: a Vision for Germany’s Banking Sector, 2008
Member of the Program Committee of the second and third ECB-CFS Research Network
“Capital Markets and Financial Integration in Europe” Workshop in Athens, 2003, and
Helsinki, 2003
Political Advisory Services
Member of the Advisory Council to the Hessian Ministry of Economics, Transport, Urban and
Regional Development, 2012-present
Member of the Advisory Council to the German Federal Ministry for Economic Cooperation
and Development, 2011-2013
Business Collaborations
Standard & Poor’s Ratings Services, Project “The role of S&P’s ratings in Lehman’s failure”,
2014
Amira Partners, Project „Secondary vs. primary investments in private equity”, 2014
Joint lecture „Corporate Finance“ (Master) with Matthias Hellstern, Managing Director,
Moody’s Investors Service, 2014
DekaBank, Project „Portfolioanalyse und –steuerung“, 2014
Lupus-Alpha, Project „Aktienrückkäufe und Optionsstrategien“, 2014
Joint lecture „Finance“ (Bachelor) with Klaus-Peter Müller, Chair of Supervisory Board
Commerzbank AG, 2012
Joint case study “Corporate valuation” (Master) with Joe Kaeser, CFO Siemens AG, 2011 and
2012
Patronage of „Finanzkompetenzprogramm Geldverständlich” Commerzbank AG, 2011-2012
Professional Memberships
American Risk and Insurance Society
Deutsche Gesellschaft für Finanzwirtschaft
European Economic Association
European Finance Association
Econometric Society
Verein für Socialpolitik
LANGUAGES
German: native
English: fluent
French: basic

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