Prof. Dr. Heiko Jacobs
- R09 R00 H16
- +49 201 18-33894
- +49 201 18-34974
- heiko.jacobs (at) uni-due.de
- Consultation Hour:
- by arrangement
- Private homepage with detailed information about the person and the research
- 10/2017: Professor of Finance, University of Duisburg-Essen
- 02/2012 - 9/2017: University of Mannheim, habilitand at the chair of Prof. Dr. Dr. h.c. Martin Weber
- 10/2013 - 12/2013: visiting researcher, UNSW Business School, University of New South Wales, Sydney
- 11/2011: University of Mannheim, dissertation on the subject: "Empirical Essays on the Stock Market Impact of Limited Investor Attention"
- 09/2007- 01/2012: University of Mannheim, research assistant and Ph.D. student at the chair of Prof. Dr. Dr. h.c. Martin Weber
- 2/2007 - 8/2007: University of Technology Sydney
- 2002 - 2006: University of the Saarland, diploma in business administration, majoring in finance and information systems
- 2001: Ludwigsgymnasium Saarbrücken, Abitur
Fields of Research:
Empirical capital market research, behavioral finance, asset management, asset pricing, anomalies and market efficiency
Details of all publications (including links to the studies) can be found at https://sites.google.com/site/heikojacobsfinance/research
"Anomalies Across the Globe: Once Public, No Longer Existent?", with S. Müller, forthcoming at the Journal of Financial Economics, 2018.
- Reseach awards: ACATIS Value Award (First Prize)
- What it is about: The post-publication drop in anomaly profitability exists in the U.S. market only, suggesting that anomalies are real and that there are cross-country barriers to arbitrage trading.
"Market Maturity and Mispricing", Journal of Financial Economics, 122, 270-287, 2016.
- Research Awards: Asia Asset Management - CAMRI Prize in Asset Management, IQ-Kap Research Award (Second Prize), ACATIS Value Award, Research Award of Bundesverband Alternative Investments
- What it's about: Don't judge the book by its cover: Mispricing appears to be at least as prevalent in developed stock markets as in emerging stock markets.
"Media Makes Momentum", with A. Hillert and S. Müller, Review of Financial Studies, 27, 3467-3501, 2014.
- Research Awards: Young Talent Award, German Academic Association for Business Research ("Nachwuchspreis", Verband der Hochschullehrer für Betriebswirtschaft), Award for Innovation, association of businesses in the Hamburg financial community (Second Prize, "Innovationspreis des Finanzplatz Hamburg e.V"), ACATIS Value Award
- What it's about: In the spotlight: Firms that are excessively covered by the media exhibit stronger overreaction-driven momentum.
"Alphabetic bias, Investor recognition, and trading behavior", with A. Hillert, Review of Finance, 20, 693-723, 2016.
- (previously entitled "The power of primacy: Alphabetic bias, investor recognition, and market outcomes")
- Selected conferences: AFA 2016, EFA 2015, Helsinki Finance Summit
- Selected press coverage: Wall Street Journal, Frankfurter Allgemeine Zeitung, CFA Digest
- What it's about: The power of primacy: There are ordering effects in financial decision making and economic aggregates.
"The trading voume Impact of local bias". Evidence from a natural Experiment", with M. Weber, in: Review of Finance (lead article), 16, 867-901, 2012.
- What it's about: Home, sweet home: Investor preference for local stocks accounts for a substantial fraction of trading activity in the German stock market.
- The beta anomaly in the German stock market (Master Thesis Business Administration)