Prof. Dr. Sebastian Müller

Professor of Corporate Finance
Phone +49 (0) 7131 645636-861
E-Mail sebastian.mueller@remove-this.ggs.de

Research Interests

Empirical Asset Pricing, Corporate Finance, Asset Management, Investor Behavior, Textual Analysis

Curriculum Vitae/Professional Experience

  • Since 01/2016: German Graduate School of Management and Law, Heilbronn, Professor of Corporate Finance
  • 09/2012-06/2013: Visiting Scholar, University of California, Berkeley, USA
  • 01/2011-12/2015: Post-doc under Prof. Dr. Dr. h.c. Martin Weber, Chair of Business Administration and Finance, esp. Banking, University of Mannheim 
  • 09/2006-12/2010: Research associate under the Chair of Business Administration and Finance, esp. Banking and recipient of the degree Dr. rer. pol. (doctorate in politics) at the University of Mannheim.

Publications

Articles in academic journals

  • Jacobs, Heiko und Sebastian Müller, 2018, Anomalies Across the Globe: Once Public, No Longer Existent?, forthcoming, Journal of Financial Economics
  • Hillert, Alexander, Jacobs Heiko und Sebastian Müller, 2018, Journalist Disagreement, forthcoming, Journal of Financial Markets.
  • Müller, Sebastian, 2017, Economic Links and Cross-predictability of Stock Returns: Evidence from Characteristic-based 'Styles', Review of Finance, forthcoming.
  • Franke, Benedikt, Müller, Sebastian and Sonja Müller, 2017, The q-Factors and Expected Bond Returns, Journal of Banking and Finance, 83, 19-35.
  • Hillert, Alexander, Jacobs Heiko and Sebastian Müller, 2014, Media Makes Momentum, Review of Financial Studies, 27, 3467 - 3501.
  • Jacobs, Heiko, Müller, Sebastian and Martin Weber, 2014, How should individual investors diversify? - An empirical evaluation of alternative asset allocation policies, Journal of Financial Markets, 19, 62-85.
  • Müller, Sebastian and Martin Weber, 2014, Evaluating the Rating of Stiftung Warentest: How Good are Mutual Fund Ratings and Can They Be Improved?, European Financial Management, 20, 207-235.
  • Glaser, Markus and Sebastian Müller, 2010, Is the Diversification Discount Caused by the Book Value Bias of Debt?, Journal of Banking and Finance, 34, 2307-2317.
  • Müller, Sebastian and Martin Weber, 2010, Financial Literacy and Mutual Fund Investments: Who Buys Actively Managed Funds?, Schmalenbach Business Review, 62, 126-153.

Articles in applied journals

  • Müller, Sebastian and Martin Weber, 2011, Lohnen sich Fondsratings für Privatanleger? - Eine Evaluierung der Prognosefähigkeiten von Finanztest, Forschung für die Praxis, Band 21, Behavioral Finance Group, Universität Mannheim.
  • Jacobs, Heiko, Müller, Sebastian and Martin Weber, 2009, Anlegen mit fundierter Diversifikation - Auf der Suche nach dem bestmöglichen »Weltportfolio«, Forschung für die Praxis, Band 17, Behavioral Finance Group, Universität Mannheim.
  • Seubert, Ulrich, Müller, Sebastian and Martin Weber, 2011, Die Risiken begrenzen, Die Bank, 12, 12-16.
  • Müller, Sebastian and Martin Weber, 2008, Wie viel Liquidität ist betriebsnotwendig? Der Ansatz liquider Mittel bei der Ermittlung des kalkulatorischen Eigenkapitals unter Berücksichtigung von »Cash Pooling«-Systemen, Netzwirtschaften & Recht, Nr. 2/08.
  • Müller, Sebastian and Martin Weber, 2007, Behavioral Finance - was Anleger wirklich bewegt, Robeco Chefsache, Nr. 3/07.

Current research projects

  • Jacobs, Heiko and Sebastian Müller, 2016, Positive or negative? A new perspective on the relation between implied cost of capital and default risk, Working Paper, University of Mannheim, German Graduate School of Management and Law; presented at the annual meeting of the German Finance Association (DGF) 2016 and the  annual meeting of the German Academic Association for Business Research(VHB) 2016.
  • Jacobs, Heiko and Sebastian Müller, 2016, ...and nothing else matters? On the dimensionality and predictability of international stock returns, Working Paper, University of Mannheim, German Graduate School of Management and Law.
  • Jacobs, Heiko and Sebastian Müller, 2016, Anomalies Across the Globe: Once Public, No Longer Existent?, Working Paper, University of Mannheim, German Graduate School of Management and Law, Revise & Resubmit Journal of Financial Economics.
  • Ehm, Christian, Müller, Sebastian and Martin Weber, 2014, When risk and return are not enough: the role of loss aversion in private investors' choice of mutual fund fee structures, Working Paper, University of Mannheim, German Graduate School of Management and Law; presented at the Research in Behavioural Finance conference (RBFC) 2014 and the CEPR Summer Symposium 2014. 

    Honors and Scholarships

    ·      1st prize of the Acatis Value Award 2018 for the article „ Anomalies across the globe: Once public,
           no longer existent?“
    ·      Inquire Europe, 2016, Funding of the research project „Measuring Mispricing”; together with Prof. Dr. 
           Heiko Jacobs, University of Duisburg-Essen; funding amount 10.000 Euro
    ·      Member of the DFG-sponsored network „Textual Analysis in Economics and Finance“, 
           http://gepris.dfg.de/gepris/projekt/286229948; funding amount approx. 20.000 Euro
    ·      1st prize of the Acatis Value Award 2015 for the article „Media Makes Momentum“
    ·      2nd prize of the competition for the finance compass (Finanzkompass) 2015, Finanzplatz Hamburg 
           e.V. for the article „Media Makes Momentum“
    ·      Young talent award of the German Academic Association for Business Research (VHB) 2015 for the 
           article „Media Makes Momentum“
    ·      German academic exchange service (Deutscher Akademischer Austauschdienst, DAAD), Postdoc-
           Fellowship (D-12-41025), sponsored stay abroad at the University of California, Berkeley, USA; 
           funding amount approx. 34.000 Euro
    ·      Börse Hamburg and Hannover, third-party-funding of the paper „Evaluating the Rating of Stiftung 
           Warentest: How Good are Mutual Fund Ratings and Can They Be Improved?”  (together with Prof. Dr.
           Dr. h.c. Martin Weber); funding amount: 5.000 Euro