Prof. Dr. Daniel Höchle
Prof. Dr. Daniel Höchle
Activities at FHNW
Head of Competence Center Banking & Finance
Education
- 2016 CAS Hochschuldidaktik, Zurich University of Applied Sciences (ZHAW)
- 2007 Ph.D. in Finance, University of Basel (Grad. to Dr. rer. pol.)
- 2002 FAME Certificate, University of Lausanne
- 2000 M A in Economics and Business Administration, University of Basel
Professional career
- Since 02/2017 Professor for Banking and Finance, Institute for Finance (IFF), FHNW School of Business, Basel
- Since 02/2008 Lecturer for Finance, Department of Finance, University of Basel
- 06/2014-01/2017 Senior Lecturer for Corporate Finance & Asset Management, Zurich University of Applied Sciences (ZHAW), Winterthur
- 09/2007-05/2014 Portfolio Manager & Quantitative Analyst, AHL/MSS, Man Investments (CH) AG, Pfäffikon SZ
- 02/2003-08/2007 Teaching Assistant, Department of Finance, University of Basel, Basel
- 01/2004-03/2007 Contractor, Asset Management Switzerland, Bank Sarasin & Cie AG, Basel
- 11/2000-01/2003 Assistant Asset Allocation, Bank Sarasin & Cie AG, Basel
Awards
- “Engelbert Dockner Memorial Prize” (Best Paper Award) at the WU Gutmann Center Symposium 2017 for paper “Financial Advice and Bank Profits” (co-authored with S. Ruenzi, N. Schaub, and M. Schmid)
- Best Paper Award at the 2010 Annual Meeting of the Swiss Finance Association for paper “Why and for how Long Do IPOs Underperform?” (co-authored with M. Schmid).
- “Fakultätspreis” of the University of Basel for the best dissertation in Economics
- FAME Certificate, University of Lausanne, “Prize for Outstanding Performance”
Fields of Research
- Bank Management
- Empirical Finance
- Applied Econometrics
- Asset Management
- Lecture "Bank Management", FHNW School of Business (since 2017)
- Lecture "Corporate Finance 2", FHNW School of Business (since 2017)
- Lecture "Applied Financial Data Management", WWZ University of Basel (since 2008)
- Lecture "Corporate Finance & Risk Management", School of Management & Law, Zurich University of Applied Sciences (ZHAW) (2014 - 2016)
- Lecture "Advanced Portfolio Theory", School of Management & Law, Zurich University of Applied Sciences (ZHAW) (2016)
- 06/2015-01/2017 CTI-Project “Factor Based Asset Allocation”
Dissertation
- "Long-Term Performance Evaluation: Methodological Issues and Empirical Applications", 2007, Verlagshaus Monsenstein und Vannerdat, Münster.
Refereed Academic Publications
- “Financial Advice and Bank Profits”, Review of Financial Studies, forthcoming (co-authored with S. Ruenzi, N. Schaub, and M. Schmid).
- "The Impact of Financial Advice on Trade Performance and Behavioral Biases", Review of Finance 21(2), 2017, 871-910 (co-authored with S. Ruenzi, N. Schaub, and M. Schmid).
- “How Much of the Diversification Discount Can be Explained by Poor Corporate Governance?”, Journal of Financial Economics 103(1), 2012, 41-60 (co-authored with M. Schmid, I. Walter, and D. Yermack).
- “Is there Really no Conglomerate Discount?”, Journal of Business Finance and Accounting 39(1-2), 2012, 264-288 (co-authored with M. Ammann and M. Schmid).
- "Robust Standard Errors for Panel Datasets with Cross-Sectional Dependence", Stata Journal 7, 2007, 281–312.
Non-Refereed and Non-Academic Publications
- "Das Anlageverhalten von Privatinvestoren – Erste Ergebnisse eines schweizerischen Panels", WWZ News 31, 2008, 43–47 (with H. Zimmermann).
- "Die langfristige Performance von IPO-Aktien", Neue Zürcher Zeitung, 20. August 2007 (with M. Schmid).
- "Parametric and Nonparametric Estimation of Conditional Return Expectations" (with W. Drobetz), in: Frenkel, M., U. Hommel und M. Rudolf (Hrsg.), 2004, Risk Management: Challenge and Opportunity, Berlin et. al.: Springer Verlag, 169-196.
Academic Working Papers
- “Correcting Alpha Misattribution in Portfolio Sorts”, August 2018 (with Markus Schmid and Heinz Zimmermann).
- “The Long-Term Performance of IPOs, Revisited”, April 2018 (with Larissa M. Karthaus and Markus Schmid).
Contact
- Prof. Dr. Daniel Höchle
- Lecturer
- Telephone
- +41 61 279 17 73 (direct)
- ZGFuaWVsLmhvZWNobGVAZmhudy5jaA==
- FHNW University of Applied Sciences and Arts Northwestern Switzerland
School of Business
Peter Merian-Strasse 86
CH – 4052 Basel