University of Mannheim
Finance Area
Chair for Business Administration and Corporate Governance
Schloss Ostflügel, Office SO 206
D - 68131 Mannheim
Germany

Phone: +49 621 181 37 54
Email: schmid[at]bwl.uni-mannheim.de

Download CV.

Academic Appointments

February 2012-

Professor of Finance, Chair for Corporate Finance, Swiss Institute of Banking and Finance, University of St. Gallen

August 2010-January 2012

Associate Professor of Finance, Chair for Corporate Governance, University of Mannheim

October 2006-July 2010

Assistant Professor of Finance, Swiss Institute of Banking and Finance, University of St. Gallen

May-June 2009, April-May 2010

Visiting Scholar, Leonard N. Stern School of Business, New York University

September 2005-September 2006

Lecturer and Project Leader "Empirical Corporate Finance" at the Department of Finance, University of Basel

September 2004-August 2005

Post Doctoral Visiting Scholar, Leonard N. Stern School of Business, New York University (with Professor Ingo Walter)

Education

2006-2010

Habilitation, University of St. Gallen

2001-2004

Ph.D. in Finance (Dr. rer. pol.), University of Basel

1996-2001

Studies of Economics and Business Administration, University of Basel (Graduation to lic. rer. pol.)

Selected Publications

"Risk Management, Corporate Governance, and Bank Performance in the Financial Crisis", Journal of Banking and Finance, forthcoming (co-authored with V. Aebi and G. Sabato).

"How Much of the Diversification Discount Can be Explained by Poor Corporate Governance?", Journal of Financial Economics 103(1), 2012, 41-60 (co-authored with D. Hoechle, I. Walter, and D. Yermack).

"Corporate Governance and Firm Value: International Evidence", Journal of Empirical Finance 18(1), 2011, 36-55 (co-authored with M. Ammann and D. Oesch).

"Do Financial Conglomerates Create or Destroy Economic Value?", Journal of Financial Intermediation 18(2), 2009, 193-216 (co-authored with I. Walter).

"Leadership Structure and Corporate Governance in Switzerland", Journal of Applied Corporate Finance 20(1), 2008, 109-120 (co-authored with H. Zimmermann).

"An Integrated Framework of Corporate Governance and Firm Valuation", European Financial Management 12(2), 2006, 249-283 (co-authored with S. Beiner, W. Drobetz, and H. Zimmermann).

Grants and Awards

March 2010: Best Paper Award at the 2010 Annual Meeting of the Swiss Finance Association for paper "Why and for how Long Do IPOs Underperform?" (co-authored with D. Hoechle).

June 2007: European Financial Management 2006 Top Download Award for paper “An Integrated Framework of Corporate Governance and Firm Valuation” (co-authored with S. Beiner, W. Drobetz, and H. Zimmermann).

April 2006: Swiss Derivative Awards ’06: third prize for "DYNaMiX" certificate (based on working paper "Feasible Momentum Strategies – Evidence from the Swiss Stock Market")

October 2005-September 2006: Research grant by ECOSCIENTIA Foundation

October 2004-September 2005: Research grant by the Swiss National Science Foundation (SNSF)

October 2004-September 2005: Research grant by the Freiwillige Akademische Gesellschaft (FAG), Basel

October 2005: Grant for print of dissertation by the Max Geldner-Stiftung

January 2005: "Nachwuchsförderpreis Wirtschaft" of the University of Basel and Basel’s private banks (sponsored by Baumann & Cie., Banquiers, E. Gutzwiller & Cie., Banquiers, and La Roche & Co., Banquiers): first prize for thesis "Three Essays on Corporate Governance, Equity Capital Structure, and Corporate Diversification"

Editorial Boards

Co-Editor: Financial Markets and Portfolio Management

Ad Hoc Referee

European Journal of Finance, Financial Markets and Portfolio Management, German Economic Review, International Review of Law and Economics, Journal of Banking and Finance, Journal of Empirical Finance, Mangerial Finance, Review of Managerial Science, Small Business Economics: An Entrepreneurship Journal, The Financial Review, Zeitschrift für Betriebswirtschaft (ZFB)

Conference Reviewer

European Finance Association (2010), German Finance Association (2010, 2011), 12th Symposium on Finance, Banking, and Insurance, Karlsruhe (2011)