GRK 811:  Theoretical and Empirical Foundations of Risk Management

• Subject Area: Economics
• Term: from 2002 to 2011
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 273511

The research training group in risk management follows the example of international leading graduate programs in business and economics. The program is divided in three parts. In the first part the students learn about the theoretical and empirical foundations of risk management. In the second part, the students work intensively in current research areas, so that they can make their decision about their own dissertation project in an informed and capable way. During the third part the main focus of the graduates is to work on their dissertations.
The research program contains theoretical and empirical projects which focus on risk management. Thereby, we take a global view on risk management. Thus, we not only deal with market price risk, but also consider credit risk, liquidity risk and operational risk. We analyse how these different kinds of risk can be measured, controlled and communicated to the relevant stake holders. Our research is characterized by an interdisciplinary approach. Therefore, several professors cooperate and oversee the projects together.

• DFG Programme: Research Training Groups
• Applicant Institution: Universität zu Köln
• Spokesperson: Professor Dr. Alexander Kempf
• Participating Researchers: Professor Dr. Thomas Hartmann-Wendels; Professor Dr. Dieter Hess; Professor Dr. Carsten Homburg; Professor Dr. Christoph Kuhner; Professor Dr. Karl Mosler; Professor Dr. Friedrich Schmid; Professor Dr. Heinrich Schradin; Professor Dr. Dirk Sliwka