Institut für Finanzwirtschaft, Banken und Versicherungen (FBV) - Abteilung Financial Engineering und Derivate
Schuster

Dr. rer. pol. Philipp Schuster

Kurzprofil

  • Akutell: Nachwuchsgruppenleiter, Karlsruher Institut für Technologie (KIT), Karlsruhe
  • 2019: Habilitation, venia legendi für das Fach Betriebswirtschaftslehre, Karlsruher Institut für Technologie (KIT), Karlsruhe
  • 2010 - 2014: Dr. rer. pol. (summa cum laude), Karlsruher Institut für Technologie (KIT), Karlsruhe
  • 2014: Visisting Scholar, College of William and Mary, Williamsburg (VA)
  • 2004 - 2009: Wirtschaftsingenieurwesen, Universität Karlsruhe (TH), Karlsruhe
  • 2007 - 2008: Industrial Engineering, Georgia Institute of Technology, Atlanta (GA)

Lehre

  • Blockchains & Cryptofinance WS2019/20
  • Blockchains & Cryptofinance WS2018/19
  • Festverzinsliche Titel WS2017/18
  • Festverzinsliche Titel WS2016/17
  • Festverzinsliche Titel WS2015/16
  • Kreditrisiken WS2015/16

Forschungsschwerpunkte

  • Messung und empirische Analyse von Friktionen und Liquidität
  • Modellierung von Liquiditätsrisiko
  • Asset Pricing
  • Anleihe- und Optionsmärkte
  • Strukturierte Produkte

Publikationen


Schuster, P. (2020). Trade-size related frictions in bond markets. Habilitation. Karlsruhe.
Schuster, P.; Theissen, E.; Uhrig-Homburg, M. (2020). Finanzwirtschaftliche Anwendungen der Blockchaintechnologie. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung, (72), 125–147. doi:10.1007/s41471-020-00090-5
Gehde-Trapp, M.; Schuster, P.; Uhrig-Homburg, M. (2018). The Term Structure of Bond Liquidity. Journal of financial and quantitative analysis, 53 (5), 2161–2197. doi:10.1017/S0022109018000364
Atanasov, V.; Merrick, J. J.; Schuster, P. (2017). Why Do Dealers Buy High and Sell Low? An Analysis of Persistent Crossing in Extremely Segmented Markets. Review of finance, 21 (2), 719–760. doi:10.1093/rof/rfw033
Schuster, P.; Uhrig-Homburg, M. (2016). How Times of Stress Change the Behavior of Illiquidity Premiums. Jahrbuch 2016 = Yearbook 2016. Hrsg.: Frankfurter Institut für Risikomanagement und Regulierung, 218–220, Gesellschaft für Risikomanagement und Regulierung e.V., Frankfurt a. M.
Schestag, R.; Schuster, P.; Uhrig-Homburg, M. (2016). Measuring Liquidity in Bond Markets. The review of financial studies, 29 (5), 1170–1219. doi:10.1093/rfs/hhv132
Schuster, P.; Uhrig-Homburg, M. (2015). Limits to arbitrage and the term structure of bond illiquidity premiums. Journal of banking and finance, 57, 143–159. doi:10.1016/j.jbankfin.2014.10.016

Working Papers

Vorträge

  • Fraud in Open-End Mutual Funds: FMA 2017, Boston*; Ninth Professional Asset Management Conference 2018, Rotterdam*; DGF 2018, Trier; Conference on Empirical Legal Studies in Europe 2018, Leuven*
  • Size-Adapted Bond Liquidity Measures and their Asset Pricing Implications: WHU - Otto Beisheim School of Management, Valendar 2017; SAFE Asset Pricing Workshop 2018, Frankfurt; University of Hohenheim, Hohenheim 2018; Financial Management Association Annual Meeting 2019, New Orleans
  • Why Do Dealers Buy High and Sell Low? An Analysis of Persistent Crossing in Extremely Segmented Markets: DGF 2015, Leipzig; Auckland Finance Meeting 2015*; Federal Reserve Bank of Atlanta Real Estate Conference 2015*; Western Economic Association International Annual Conference 2016, Portland*; U.S. Security and Exchange Commission (SEC)*
  • Measuring Liquidity in Bond Markets: DGF 2013, Wuppertal; Market Microstructure Conference 2014 (Poster Session), Paris; FIRM Research Conference 2016, Montabaur
  • A Heterogeneous Agents Equilibrium Model for the Term Structure of Bond Market Liquidity: International Forum on Liquidity Risk 2013, Paris; FMA European Conference 2013, Luxembourg; DGF 2013, Wuppertal; Annual Meeting of the German Academic Association for Business Research (VHB) 2015, Vienna; Copenhagen Business School, Copenhagen 2015; Mason School of Business, Williamsburg 2016
  • The Term Structure of Bond Market Liquidity Conditional on the Economic Environment: An Analysis of Government Guaranteed Bonds: Workshop Financial Markets & Risk 2010, Obergurgl; DGF 2011 (Ph.D. Workshop), Regensburg; Deutsche Bundesbank 2011, Frankfurt; SGF 2012, Zürich; DGF 2012, Hannover; DZ Bank AG 2012, Frankfurt;  FMA 2012, Atlanta (GA)

* Presented by coauthor(s)

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