The institute

IQ-KAP stands for innovation through research. DekaBank's institute for capital market research is a forum for research and practice, promoting quantitative research, bringing together researchers and practitioners and awarding a research prize for outstanding research. Researchers are given the opportunity to translate their models into products.

IQ-KAP – Privates Institut für quantitative Kapitalmarktforschung der DekaBank

IQ-KAP – DekaBank Privates Institut für quantitative Kapitalmarktforschung is an academically-oriented private institute for quantitative capital market research. IQ-KAP’s objective is to improve the transfer of knowledge between academic research and practice.

The main purpose of IQ-KAP is to perform quantitative research in the area of capital markets and prepare academic papers in cooperation with universities and partners. Modern methods are used to empirically investigate and explain capital market phenomena and answer fundamental investment-related questions. The idea of bundling current research projects and cooperations in an institute was conceived by Dr Ulrich Neugebauer, Dr Michael Wegener and Johannes Behrens-Türk and was implemented in practice in 2013 with the formation of IQ-KAP as a DekaBank company.

12

Renowned authors

6

Members in the Scientific Advisory Board

52

Published research papers

Dr Neugebauer is Managing Director of Deka Investment GmbH with responsibility for quantitative products and has worked for Deka in this area for more than 15 years. Dr Wegener worked at Deka Investment until 2018 and was responsible for quantitative bond management. Johannes Behrens-Türk is Head of sustainability at DekaBank and therefore responsible for sponsorship of schorlarship.

IQ-KAP provides a forum where academics and practitioners can discuss current topics, participate in research projects and introduce their own ideas.

Scientific Advisory Board

A scientific advisory board was formed for IQ-KAP, the private institute for quantitative capital market research at DekaBank, to provide assistance with IQ-KAP’s scientific work and advice on issues related to the scientific development of the institute. The members of the scientific advisory board provide their services on a voluntary basis.

Prof. Dr. Frank Bulthaupt
Chair for Capital Markets and Economic Studies at the Sparkassen-Finanzgruppe University of Applied Sciences

Curriculum Vitae:

  • Born 1958
  • Studied Economics and Mathematics at the University of Göttingen
  • 1988 Diploma degree in Mathematics
  • 1988 – 1993 Research assistant at the Institute of Economics at the University of Kiel
  • 1993 Ph.D. (Dr.sc.pol) in Economics
  • 1994 Research assistant at the Institute of Economics at the University of Kiel
  • 2000 Habilitation (postdoctoral lecturing qualification) (Dr.sc.pol.habil) with venia legendi received for the entire area of Economics, granted title of Privatdozent (private lecturer)
  • 2000 – 2002 Economics department of Dresdner Bank AG
  • 2002 – 2005 Capital Markets Team Leader in the Economic Research department of Allianz AG
  • Since April 2005, Professor for Capital Markets and Economic Studies at the Sparkassen-Finanzgruppe University of Applied Sciences

Areas of research:

  • Interest rate and stock price forecasting models
  • Dynamic macroeconomic models

Prof. Dr. Ulrich Klüh
Chair for Macroeconomics and Economic Policy, University of Applied Sciences, Darmstadt

Curriculum Vitae:

  • Born 1974
  • 1994 – 2000 Studied Economics in Frankfurt am Main and Berkeley, CA
  • Ph.D. from the Ludwig Maximilian University of Munich
  • 2005 – 2008 Economist at the International Monetary Fund in Washington, DC
  • 2008 – 2010 Secretary General for the German Council of Economic Experts for the evaluation of the macro-economic development
  • 2010 – 2015, Head of the Sparkasse Academy of Hesse and Thuringia
  • Since October 2015, Professor of Economics at Hochschule Darmstadt

Areas of research:

  • Financial market stability
  • Regulatory design
  • Central bank policy
  • History of economic dogma

Prof. Dr. Ulrich Schollwöck
Chair for Theoretical Nanophysics at the Ludwig Maximilian University of Munich

Curriculum Vitae:

  • Born 1967
  • 1986 – 1995 Studied physics in Munich, Oxford and Paris
  • 1991 Master of Science, Balliol College, Oxford University
  • 1993 – 1995 Researcher for the Service de Physique Théorique at the French Atomic Energy Authority
  • 1995 Ph.D., University of Paris XI (Paris-Sud, Orsay)
  • 1999 Habilitation (postdoctoral lecturing qualification), LMU of Munich
  • 1999 – 2003 Positions in Wuppertal and Stuttgart (Max Planck Institute for Solid State Research)
  • 2003 Professor for Theoretical Physics at the LMU of Munich
  • 3/2004 – 3/2009 Professor at the RWTH Aachen University
  • Since 2008 Vice-President of the German Association of University Professors and Lecturers (DHV)
  • 2009 – 2010 Fellow at the Institute for Advanced Study in Berlin (Wissenschaftskolleg zu Berlin)
  • Since 4/2009 LMU of Munich (Chair for Theoretical Nanophysics)

Areas of research:

  • Collective quantum phenomena, as manifested in magnetism and superconductivity

Awards:

  • 2000 Gerhard Hess Prize from the German Research Foundation (DFG)
  • 2006 Fellow of the American Physical Society for contributions to the classical and quantum density matrix renormalisation group method for non-equilibrium physics
  • 2007 Full member of the North Rhine-Westphalian Academy of Sciences, Humanities and the Arts

Prof. Dr. Wolfgang Bessler
Deutsche Börse Senior Professor for Empirical Capital Market Research, University of Hamburg

Curriculum Vitae:

  • Since 2020 Senior Professor of Finance University of Hamburg
  • 1998-2019 Professor of Finance and Banking at the Justus-Liebig University of Gießen
  • 1996-1998 Professor of International Management University of Hamburg
  • 1989-1996 Professor of Finance and Banking at Syracuse University and Rensselaer Polytechnic Institute, New York, USA
  • 1987 Doctorate University of Hamburg
  • 1981 Diploma in Business Administration and Business Education at the University of Hamburg

Areas of research:

  • Corporate Finance
  • Asset Management
  • Banken
  • Empirical Capital Market Research

Prof. Dr. Alexander Hillert
House of Finance-Professor for Sustainable Asset Management, Goethe University Frankfurt

Curriculum Vitae:

  • House of Finance-Professor for Sustainable Asset Management, Goethe University Frankfurt
  • 2016 Assistant Professor, SAFE, Frankfurt
  • 2009-2015 PhD University of Mannheim
  • 2005-2009 Studies of economics at the University of Mannheim

Areas of research:

  • Asset Management
  • Behavioral Finance
  • Empirical Asset Pricing
  • Textual Analysis

Prof. Dr. Dirk Schiereck
Chair for Corporate Finance, Technische Universität Darmstadt

Curriculum Vitae:

  • Since 2008 Head of the Corporate Finance Department at the Technical University Darmstadt
  • 2002-2008 Holder of the Endowed Chair of Banking and Financial Management at the European Business School, Schloss Reichartshausen, Oestrich-Winkel
  • 2000-2002 Chair of Capital Markets and Corporate Governance and Director at the Institute for Mergers & Acquisitions at the Private University of Witten/Herdecke
  • 1995-2000 Assistant lecturer at the Chair of Business Administration, Finance, esp. Banking at the University of Mannheim (Prof. Dr. Martin Weber)
  • 2000 Habilitation at the Faculty of Business Administration at the University of Mannheim
  • 1995 Doctorate at the Faculty of Business Administration at the University of Mannheim
  • 1985-1990 Studies of economics at the Christian-Albrechts-University of Kiel

Areas of research:

  • Corporate Finance
  • Empirical Finance