Finance und Applied Economic Roll up

Finance

The study of finance is at the core of understanding the economic interactions and decision making processes of individuals, businesses, and other institutions. The research projects in this area engage economic and financial theory coupled with empirical analysis in order to advance our understanding of the financial and economic environment as well as to deliver practically relevant results.

The research activities within the area of Finance have a broad scope and cover several key topics in finance. They can be broadly divided into on the one hand, the role of the financial markets and institutions in the economy and the influence of emerging technological developments on the functioning of financial institutions. On the other, they involve the exploration of the connections between firm strategy and risk management with corporate structures and governance.

The results of our research are relevant to other academics as well as policymakers and business practitioners. Our cooperation with the Wirtschaftskammer Niederösterreich results in the biennial publication of a report on the contribution of the banking sector to regional economic development in Austria.

We have access to the Bloomberg database that we use in our research projects.

Research Activities

  • Monitoring der Banken in NÖ

    A central role of financial systems in economies is to foster economic growth by allocating savings to the most efficient use and allowing risk diversification. The objective of this study, commissioned and financed by the Chamber of Commerce of Lower Austria, is the biennial analysis of the banking sector in Lower Austria and its contribution to the regional economy.

  • Real Options in Global Strategy

    This research aims to provide insight into the current body of knowledge concerning real options in global strategy.

  • Global Real Option Strategy

    This project investigates the real option strategy and asset-in-place value of multinational enterprises.

  • Blockchain

    Blockchain - Tokenization as fundraising for real estates; Which kind of fundraising-instruments are acceped on the Austrian real estate market?

Publications

Ferstl, Eric/Niemczak, Kinga/Strobach, Kerstin (2019): Monitoring der Banken in Niederösterreich . In: http://ffhoarep.fh-ooe.at/handle/123456789/1228.
Ferstl, Eric/Niemczak, Kinga/Strobach, Kerstin (2019): Monitoring der Banken in Niederösterreich. In: http://ffhoarep.fh-ooe.at/handle/123456789/1228.
Ferstl, Eric (2018): Finanzberatung in der Wirtschaft. In: Sichler, Ralph/Häfke-Schönthaler, Johanna (Hrsg.): Beratung in der Wirtschaft. Grundlagen und Beratungsfelder.. Linde Verlag. Wien.
Ferstl, Eric/Niemczak, Kinga/Strobach, Kerstin (2018): Banken in Niederösterreich 2017. In: Wiener Neustadt.
Ferstl, Eric/Niemczak, Kinga/Strobach, Kerstin (2018): Banken in Niederösterreich 2017. In: https://www.wko.at/branchen/noe/bank-versicherung/Banken-in-Niederoesterreich-2017.pdf.
Niemczak, K./Smith, G. (2013): Middle Eastern stock markets: absolute, evolving and relative efficiency. In: Applied Financial Economics (Hrsg.).
Niemczak, K. (2013): Corporate debt and crisis severity in Europe. In: The Quarterly "e-Finanse" (Hrsg.).
Ferstl, Eric/Fikerment, Gottfried/Schöny, Franz (2010): Der österreichische Mikrokreditmarkt. Status Quo, Problemfelder aus Bankensicht und Empfehlungen für künftige Programme. In: Facultas Verlags- und Buchhandels AG. Wien.
Niemczak, K. (2010): Eastern European Equity Markets and the Subprime Crisis. Does Emerging Europe Still Offer Diversification Benefits? In: The Quarterly "e-Finanse".
Ferstl, Eric (2009): Vergütungssysteme und MiFID: bisher kein Paradigmenwechsel. In: bank und markt Zeitschrift für Banking.
Ferstl, Eric (2008): Finanzberatung in Österreich. Eine empirische Studie zur Angebotsstruktur für Finanzberatung in Österreich im Jahr 2008. In: Egger, Walter/Häfke-Schönthaler, Johanna/Hasenzagl, Rupert/Stocker, Ferry (Hrsg.): Wirtschaftsberatung in Österreich. Markt und Branche, Struktur und Entwicklungen 2007/2008. Facultas Verlags- und Buchhandels AG. Wien.
Ferstl, Eric (2008): Die Wertpapierdienstleistungsrichtlinie "Markets in Financial Instruments Directive" (MiFID). Das Ende der "verdeckten" Leistungsvergütung innerhalb der österreichischen Finanzberatungsbranche. In: Egger, Walter/Häfke-Schönthaler, Johanna/Hasenzagl, Rupert/Stocker, Ferry (Hrsg.): Wirtschaftsberatung in Österreich. Markt und Branche, Struktur und Entwicklungen 2007/2008. Facultas Verlags- und Buchhandels AG. Wien.
Mazur, K. (2007): The determinants of capital strucutre choice: evidence from Polish companies. In: International Advances in Economic Research. Springer.

Contact

Feel free to contact us: FuE@fhwn.ac.at