The Department of Finance & Economics at the Liechtenstein Business School carries out leading-edge research with a focus on a selection of key priority areas, which are of both international interest and regional significance. The department's research output has consistently achieved substantial international recognition.
- In the realm of Financial Economics, our research revolves around addressing pressing questions related to financial market uncertainty, empirical asset pricing, portfolio management, risk management, and the implications of parameter and model uncertainty. We conduct groundbreaking work that contributes to our understanding of financial market dynamics, portfolio optimization, and risk management strategies.
- Innovative & Digital Finance is another cornerstone of our research. This field covers an array of subjects including cryptocurrencies, experimental finance, and quantitative financial market research. We strive to be at the forefront of innovation in finance and provide insights on how these advancements are reshaping financial markets and institutions.
- Risk Management & Pension Finance constitutes a third pillar of our research. Here, our work centers around quantitative finance, particularly in areas like asset allocation, portfolio management, pension finance, derivative pricing, and financial engineering. We further delve into empirical financial market research, exploring aspects of scenario generation and stochastic optimization. Our research here enhances our understanding of risk management and supports the development of sustainable pension systems.
- Lastly, our focus on Sustainable Finance and Investments reflects our commitment to the United Nations' Sustainable Development Goals (SDGs). We investigate topics such as ESG integration in investments, impact investing, and the role of finance in promoting sustainability. Our research in this area provides guidance for investment strategies that not only aim for financial returns but also have a positive societal and environmental impact.
In conclusion, the Department of Finance & Economics is deeply committed to research that is at the cutting edge of financial and economic thought, informing the latest practices in the industry, and supporting informed policy-making. This broad research agenda, combined with a focus on topics of great international and regional importance, ensures our work continues to gain widespread recognition and contribute to the mission of the Liechtenstein Business School.
Detailed Research Areas
- Financial Economics (Ass.-Prof. Stöckl)
- Uncertainty (Financial/Political/Economic)
- Innovation Finance (Cryptocurrencies, Machine Learning, Artificial Intelligence)
- Pension Finance (Lifecycle Optimization)
- Empirical Asset Pricing (Cross-sectional/Aggregate)
- Portfolio Management (Quantitative and Empirical)
- Risk Management (Portfolio Risk, Risk Measures)
- Parameter/Model Uncertainty (Robust Portfolios, Ambiguity Aversion)
- Innovative & Digital Finance (Assoc. Prof. Angerer)
- Experimental Finance: Information Economics, Trading Strategies, Financial Market Research, Risk
- Quantitative Finance: Empirical Financial Market Research, Behavioral Finance, Risk
- Risk Management & Pension Finance (Prof. Hanke)
- Quantitative Finance, especially Asset Allocation
- Portfolio Management
- Pension Finance
- Valuation of Derivatives and Financial Engineering
- Empirical Financial Market Research: Scenario Generation and Stochastic Optimization
- Sustainable Finance and Investments (Prof. Menichetti)
