Martin Ruckes is Professor for Finance and Banking at the Karlsruhe Institute of Technology (KIT) since February 2007.

From 2013 and 2016, Martin Ruckes held also the position of the dean of studies responsible for the fields of study on "Industrial Engeneering and Management" and "Economics Engineering".

Martin Ruckes earned his PhD in Economics and his Diplom in Business Economics from the University of Mannheim. After his PhD, Martin spent seven year as an assistant professor at the University of Wisconsin-Madison School of Business (USA).

He is an internationally recognized researcher in the field of Corporate Finance amd Financial Intermediation. His research has been published in many high reputable international journals like the Journal of Finance, Review of Financial Studies, Journal of Business, Review of Finance, Journal of Financial Intermediation and the Journal of Banking and Finance.

Since 2011, he is also member of the Scientific Advisory Board at Aalto University School of Business.

Curriculum Vitae (English)

Corporate Finance and Financial Contracting, Corporate Investment and Capital Budgeting, Corporate Governance, Corporate Restructuring, Corporate Control, Financial Services, Economics of Organizations

Master

• Advanced Corporate Finance (Summer)
• Financial intermediation (Winter)
• Valuation (Winter)
• Seminar in Finance (Master) (Winter)

Bachelor

• Business Economics: Finance and Accounting (Winter)
• Financial Management (Summer)
• Corporate Risk Management (Summer)
• Seminar in Finance (Bachelor) (Summer)

• The Economics of Capital Allocation in Firms: Evidence from Internal Capital Markets (with Sebastian Gatzer and Daniel Hoang), 2022. Internet Appendix. Management Science, accepted for publication.
  Previous version: Internal Capital Markets and Diversified Firms: Theory and Practice, 2015.
• Corporate Risk Management, Product Market Competition, and Disclosure (with Daniel Hoang), 2016, Journal of Financial Intermediation 30, 107-121.
• Today's or yesterday's news - Eine empirische Analyse von Stimmrechtsmitteilungen gemäß §§ 21 ff. WpHG und Schlussfolgerungen für die Kapitalmarktregulierung, 2015, (with Markus Doumet, Peter Limbach, and Rüdiger Veil), Zeitschrift für Unternehmens- und Gesellschaftsrecht (ZGR) 44, S. 709-753.
• Dynamic Incentives in Organizations: Success and Inertia (with Thomas Roende), 2015, The Manchester School 83(4), S. 635-671.
• Informed Headquarters and Socialistic Internal Capital Markets (with Daniel Hoang), 2015, Review of Finance 19, S. 1105-1141.
• Intertemporal Capital Budgeting (with Andrew H. Roper), 2012, Journal of Banking and Finance 36, S. 2543-2551.
• A dynamic analysis of growth via acquisition (with Worawat Margsiri and Antonio S. Mello), 2008, Review of Finance 12, S. 635-671.
• Team composition (with Antonio S. Mello), Journal of Business 79, 2006, 1019-1039. (Lead article)
• Arbitraging arbitrageurs (with Mukarram Attari and Antonio S. Mello), Journal of Finance 60, 2005, S. 2471-2511.
• Bank competition and credit standards, Review of Financial Studies 17, 2004, 1073-1102.
• The number and the closeness of bank relationships (with Joachim von Rheinbaben), 2004, Journal of Banking and Finance 28, S. 1597-1615.

• The Economics of Capital Allocation in Firms: Evidence from Internal Capital Markets (with Daniel Hoang and Sebastian Gatzer). Internet Appendix.
• Collateral in Corporate Financing (with Antonio S. Mello)
• Time to Wind Down: Closing Decisions and High Water Marks in Hedge Fund Management Contracts (with Margarita Sevostiyanova)
• Financial hedging and product market rivalry (with Antonio S. Mello) (Previous title "Hedging and product market decisions")

If one of the hyperlinks is not working properly or you are interested in the most recent version of a working paper, please do not hesitate to contact me via e-mail.

• "Liquidity, borrowing structure, and limits to arbitrage" (mit Mukarram Attari und Antonio S. Mello)