Prof. Dr. Hendrik Scholz

Chairholder
Raum: Raum LG 4.421
Lange Gasse 20
90403 Nuremberg
Germany

Consultation Hour

Jede Woche Do, 10:30 - 11:30, Raum LG 4.422, Anmeldung via Email erforderlich

Secretary’s office

Research Areas

  • Empirical Finance
  • Performance Evaluation of Funds
  • Bank Management
  • Valuation of Financial Instruments
  • Financial Engineering

Short CV

  • Since 2009: Professor of Finance and Banking, University of Erlangen-Nürnberg
  • 2008-2009: Assistant Professor (Akademischer Oberrat), Catholic University of Eichstätt-Ingolstadt
  • 2007: Habilitation in Business Administration, Catholic University of Eichstätt-Ingolstadt
  • 2002-2008: Research associate, Catholic University of Eichstätt-Ingolstadt
  • 2002: Ph.D. in Finance, Georg-August-University of Göttingen
  • 1997-2002: Research associate and doctorial candidate, University of Göttingen
  • 1997: Diploma in Business Administration
  • 1991-1997: Studies in Business Administration and in Business and Human Resource Education, University of Göttingen
  • 1993-1994: Studies abroad at the Colorado College, Colorado Springs, USA
  • 1989-1991: Bank apprenticeship at Dresdner Bank AG, Hannover, Germany

Honors, Awards and Grants

  • Research grant by Institute for Quantitative Investment Research (INQUIRE) Europe, 2019 (with Florian Barth and Benjamin Hübel)
  • Best Paper Award International Business Research Conference, Madrid, 2013 (with Hannah-Lea Hühn)
  • Best Paper Award German Finance Association (DGF) Annual Meeting 2007 (with Oliver Entrop and Marco Wilkens)

Publications

No publications found.

  • Currency-Hedged Equity Funds: Performance and Fund Flows
    Working Paper, Nürnberg 2026 (with Lukas Greger)
    Abstract and download
    Accepted for presentation:

    • Southwestern Finance Association 2024 Annual Conference, Las Vegas, NV, February 28 – March 1, 2024
    • European Financial Management Association 2024 Annual Meeting, Lisbon, Portugal, June 26 – 29, 2024
    • 30th Annual Conference of the Multinational Finance Society, Vaasa, Finland, June 30 – July 3, 2024
    • 30th Annual Meeting of the German Finance Association (DGF), Aachen, Germany, September 26 – 28, 2024
  • Carbon Price Shocks and Stock Market Reactions
    Working Paper, Nürnberg 2026 (with Anja Stiller)
    Abstract and download
    Accepted for presentation:

    • 33rd Global Finance Conference, Ponta Delgada, Portugal, June 15 – 17, 2026
  • Board Diversity Appearance and Firm Performance: An Image-Based Deep Learning Approach
    Working Paper, Nürnberg 2026 (with Lukas Greger, Anja Stiller and Nicolas Webersinke)
    Abstract and download
    Accepted for presentation:

    • 64th Annual Meeting of the Southwestern Finance Association, San Antonio, TX, February 12 – 14, 2025
    • 34th Annual Conference of the European Financial Management Association, Athens, Greece, June 25 – 28, 2025
    • 31st Annual Conference of the Multinational Finance Society, Crete, Greece, June 29 – July 2, 2025
    • Annual Meeting of the Financial Management Association, Vancouver, Canada, October 22 – 25, 2025
    • 65th Annual Meeting of the Southern Finance Association, Orlando, FL, November 19 – 22, 2025
  • Permutation Tests for Stock Index Performance: Evidence from ESG Indices
    Working Paper, Nürnberg 2022 (with Benjamin Hübel and Nicolas Webersinke)
    Abstract and download
    Accepted for presentation:

    • Southwestern Finance Association 2020 Annual Conference, San Antonio, TX, March 11-14, 2020
    • Annual Meeting of the Swiss Society for Financial Market Research, PhD Poster Session, Zurich, April 3, 2020
    • 28th Global Finance Conference [Virtual], May 27-29, 2021
    • GRASFI 2021 PhD Workshop [Virtual], August 31, 2021
    • 2021 FMA Annual Meeting [Virtual], October 20-22, 2021
  • ESG rating events and stock market reactions
    Working Paper, Nürnberg 2021. (with Maximilian Glück and Benjamin Hübel)
    Abstract and download
    Conference presentations:

    • 28th Global Finance Conference [Virtual], May 27-29, 2021.
    • 2021 Conference on Corporate Social Responsibility, University of Massachusetts Boston and EM Normandie Business School [Virtual], June 17-18, 2021, Nominated for Best Paper Award.
    • 3rd Summer School on Sustainable Finance, Joint Research Center (JRC) of the European Commission [Virtual], July 06-08, 2021.
    • GRASFI 2021 PhD Workshop, Bejing [Virtual], August 31, 2021.
    • China Accounting and Finance Review (CAFR) 2021 Conference [Virtual], Hong Kong Polytechnic University, September 17-18, 2021.
    • 2021 FMA Annual Meeting, Denver [Virtual], CO, October 20-22, 2021.

  • Performanceanalyse von Aktieninvestmentfonds – Eine theoretische Untersuchung externer Performancemaße,
    Neue Betriebswirtschaftliche Studienbücher, Nr. 23, Berlin 2002, ISBN 3-8305-0348-2.

  • Hebel-Zertifikate – Darstellung und Analyse eines innovativen Finanzproduktes.
    Die Bank 1/2003, 36-41. (with Kai Ammann and Rainer Baule)
    Zum Einfluss der Fristentransformation auf den Wert einer Bank.
    Sparkasse, 08/2002, 360-364. (with Marco Wilkens and Oliver Entrop)
  • Eigenkapitalanforderungen für Kreditrisiken – Analyse des modifizierten IRB-Ansatzes.
    Zeitschrift für das gesamte Kreditwesen, Heft 3-4, 2002, 141-146. (with Marco Wilkens and Oliver Entrop)
  • Knock-In-Aktienanleihen und Barrier-Discount-Zertifikate.
    Sparkasse 1/2001, 31-35. (with Marco Wilkens and Rainer Baule)
  • Bull-Anleihen auf internationale Aktienindizes: Hohe Partizipation ohne Währungsrisiko.
    Die Bank 11/2000, 754-759. (with Marco Wilkens and Oliver Entrop)
  • Innovative Passivprodukte am Beispiel von KickStart-Zertifikaten.
    Sparkasse 10/2000, 462-466. (with Marco Wilkens and Oliver Entrop)
  • Reverse Convertibles und Discount-Zertifikate – Bewertung, Pricingrisiko und implizite Volatilität.
    Finanz Betrieb, 2. Jg., Heft 3, 2000, 171-179. (with Marco Wilkens)
  • Von der Treynor-Ratio zur Market Risk-Adjusted Performance – Zusammenhang und Diskussion grundlegender Performancemaße.
    Finanz Betrieb, 1. Jg., Heft 10, 1999, 308-315. (with Marco Wilkens)
  • Systematik grundlegender Performancemaße – Von der Sharpe-Ratio zum RAP.
    Finanz Betrieb, 1. Jg., Heft 9, 1999, 250-254. (with Marco Wilkens)
  • Bull-, Bear- und Condor-Bonds – Anleihen in Kombination mit Optionen auf Aktien.
    Die Bank 6/1999, 406-411. (with Marco Wilkens and Jörg Völker)
  • Analyse und Bewertung von Aktienanleihen und Diskontzertifikaten.
    Die Bank 5/1999, 322-327. (with Marco Wilkens and Jörg Völker)
  • Duplikation und Bewertung strukturierter Finanzprodukte – Callable Step-Up Bonds.
    Die Bank 4/1999, 262-268. (with Marco Wilkens and Jörg Völker)

  • Maturity Transformation Strategies and Interest Rate Risk of Financial Institutions: Evidence from the German Market.
    Banking and Capital Markets: New International Perspectives. Hrsg. von Harold Black, Lloyd Blenman und Edward Kane, New Jersey 2010, 155-182 (with Stephan Simon and Marco Wilkens).
  • Performancemessung und Kapitalallokation im Handelsbereich einer Bank – Zur Marktphasenabhängigkeit von RORAC und RAROC.
    Kapitalmarkt, Unternehmensfinanzierung und rationale Entscheidungen. Hrsg. von Wolfgang Kürsten und Bernhard Nietert, Berlin 2006, 129-148 (wtih Marco Wilkens and Oliver Entrop).
  • Fristentransformation als Lösungsansatz für das Ertragsproblem von Banken?
    Wege aus der Banken- und Börsenkrise. Hrsg. von Leo Schuster u. Alex W. Widmer, Berlin u. a. 2004, 427-443 (with Marco Wilkens and Oliver Entrop).
  • Bankaufsichtsrechtliche Regulierung von Unternehmen der Energiewirtschaft vor dem Hintergrund von Basel II.
    Handel mit Energiederivaten. Hrsg. von Ines Zenke u. Niels Ellwanger, München 2003, 278-306 (with Marco Wilkens and Oliver Entrop).
  • Zur Relevanz von Jensen Alpha und Appraisal Ratio für die Beurteilung der Leistung und die Auswahl von Investmentfonds,
    Finanzielle Märkte und Banken – Innovative Entwicklungen am Beginn des 21. Jahrhunderts. Hrsg. von Jonny Holst und Marco Wilkens, Berlin 2000, 313-335.