Prof. Dr. Chris­tian Klein

Chairholder

Prof. Dr. Christian Klein

Chair of Sustainable Finance
Henschelstr. 4
34127 Kassel
34109 Kassel (Postal address)
Building: K33
Room: 1114
Telephone: +49 561 804-7565
E-Mail: klein[at]uni-kassel[dot]de
Office Hours: During the lecture period: Wednesday.10:30 – 12:00; Outside the lecture period: Only with an appointment

  • 03/2013-Present Universität Kassel
    Professor of Sustainable Finance at the Universität Kassel
  • 2012 Habilitation at the Universität Hohenheim
    Authorization to teach Business Administration
  • 2006– 03/2013 Universität Hohenheim    
    Academic Council and Habilitation at the Department of Accounting and Finance
  • SS 2011 Universität Konstanz     
    Vice-Chair of Corporate Finance
  • 2005 Doctorate at the Universität Augsburg
    Topic "Irrational Behavior on Capital Markets" (Note: Summa cum laude)
  • 2001 – 2006 Universität Augsburg
    Research Assistant at the Department of Statistics, Faculty of Business and Economics
  • 1999 – 2000 Siemens Munich   
    Siemens Munich, ICN, Marketing Division: Marketing Consultant
  • 1999 Universität Augsburg und European Business Management School, Swansea,UK   
    Diplom-Kaufmann (Study of Business Administration)
  • Erich Gutenberg Prize for Young Scientists 2009
  • Hohenheim Teaching Award 2008
  • Lecturer of the Year 2006 – Elected by the Student Union WiWi of the University of Augsburg
  • Nomination for the "Prize for Good Teaching 2003" by the Bavarian State Ministry of Science, Research and the Arts by the Faculty of Economic Sciences of the University of Augsburg.
  • American Finance Association
  • European Finance Association
  • Verband Hochschullehrer für BWL (VHB)     
  • Deutsche Gesellschaft für Finanzwirtschaft
  • Erich-Gutenberg-Arbeitsgemeinschaft
  • Gesellschaft für Operations Research
  • Scientific Advisory Board VfU. Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten
  • The Sustainable Finance Research Platform

Pub­lic­a­tions

Cauthorn, T., Klein, C., Remme, L., Zwergel, B., 2023. Portfolio Benefits of Taxonomy Orientated and Renewable European Electric Utilities
. Social Science Research Network TBD.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/115207270
Bauckloh, T., Klein, C., Pioch, T., Schiemann, F., 2022. Under Pressure? The Link Between Mandatory Climate Reporting and Firms’ Carbon Performance. Organization & Environment 2022, 1–24. https://doi.org/https://doi.org/10.1177/10860266221083340
https://forschung.uni-kassel.de/converis/portal/detail/Publication/115207669
Eckert, J., Huber, S., Klein, C., Zwergel, B., 2022. New evidence on German retail investors: The desire to make an impact. Corporate Finance 168–174.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/82406740
Klein, C., Zwergel, B., Eckert, J., Dumrose, M., 2022. Regulatorische und systembedingte Barrieren im Bereich Nachhaltige Geldanlagen in derAnlageberatung im Retail Banking - Eine qualitative Analyse aus der Perspektive des Anlageberaters. Kobra Uni Kassel , Kassel. https://doi.org/doi:10.17170/kobra-202208036572
https://forschung.uni-kassel.de/converis/portal/detail/Publication/83601013
Edenhofer, O., Klein, C., Lessmann, K., Wilkens, M., 2022. Financing the transformation: a proposal for a credit scheme to finance the Paris Agreement. Climate Policy tbd. https://doi.org/https://doi.org/10.1080/14693062.2022.2075820
https://forschung.uni-kassel.de/converis/portal/detail/Publication/115208600
Eckert, J., Huber, S., Klein, C., 2021. Regulatory framework for sustainable investment products – Current developments and associated challenges. Corporate Finance 12., 274 – 279.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/70951210
Klein, C., Eckert, J., Dumrose, M., 2021. Nachhaltige Finanzwirtschaft: Definition und aktuelle Entwicklungen, in: Heithecker, D. (Hrsg.), Handbuch Nachhaltige Finanzwirtschaft. FCH-Gruppe, Heidelberg, S. 15–29.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/69089799
Busch, T., Bruce-Clark, P., Derwall, J., Eccles, R., Hebb, T., Hoepner, A., Klein, C., Krueger, P., Paetzold, F., Scholtens, B., Weber, O., 2021. Impact investments: a call for (re)orientation. SN Business & Economics 1, 33. https://doi.org/10.1007/s43546-020-00033-6
https://forschung.uni-kassel.de/converis/portal/detail/Publication/66959942
Höck, A., Klein, C., Landau, A., Zwergel, B., 2020. The effect of environmental sustainability on credit risk. Journal of Asset Management 21, 85–93. https://doi.org/10.1057/s41260-020-00155-4
https://forschung.uni-kassel.de/converis/portal/detail/Publication/67727699
Landau, A., Rochell, J., Klein, C., Zwergel, B., 2020. Integrated reporting of environmental, social, and governance and financial data: Does the market value integrated reports? Business Strategy and the Environment TBD. https://doi.org/10.1002/bse.2467
https://forschung.uni-kassel.de/converis/portal/detail/Publication/62193581
Bauckloh, T., Klein, C., Zwergel, B., Heiden, S., 2019. New evidence on the impact of the English national soccer team on the FTSE 100. Finance Research Letters March 2019, 61–67. https://doi.org/10.1016/j.frl.2018.04.001
https://forschung.uni-kassel.de/converis/portal/detail/Publication/51658933
Younas, Z.I., Klein, C., Zwergel, B., Trabert, T., 2019. Board composition and corporate risk-taking: a review of listed firms from Germany and the USA. JOURNAL OF APPLIED ACCOUNTING RESEARCH 20, 526–542. https://doi.org/10.1108/JAAR-01-2018-0014
https://forschung.uni-kassel.de/converis/portal/detail/Publication/60939924
Drempetic, S., Klein, C., Zwergel, B., 2019. The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review. Journal of Business Ethics TBD. https://doi.org/10.1007/s10551-019-04164-1
https://forschung.uni-kassel.de/converis/portal/detail/Publication/62198563
Bauckloh, T., Heiden, S., Klein, C., Zwergel, B., 2019. New evidence on the impact of the English national soccer team on the FTSE 100. Finance Research Letters 28, 61–67. https://doi.org/10.1016/j.frl.2018.04.001
https://forschung.uni-kassel.de/converis/portal/detail/Publication/67728567
Zwergel, B., Wins, A., Klein, C., 2019. On the heterogeneity of sustainable and responsible investors. JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT 9, 282–294. https://doi.org/10.1080/20430795.2019.1613820
https://forschung.uni-kassel.de/converis/portal/detail/Publication/67728155
Bauckloh, T., Klein, C., Schneeweiß, A., 2018. Green Bonds: Emittenten und Additionalität auf dem Prüfstand, in: Stapelfeldt, M., Granzow, M., Kopp, M. (Hrsg.), Greening Finance. Logos, Berlin, S. 187–201.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/51569513
Heinemann, K., Zwergel, B., Gold, S., Seuring-Stella, S., Klein, C., 2018. Exploring the Supply-Demand-Discrepancy of Sustainable Financial Products in Germany from a Financial Advisor’s Point of View. Sustainability 10, 1–20. https://doi.org/10.3390/su10040944
https://forschung.uni-kassel.de/converis/portal/detail/Publication/48863095
Bauckloh, T., Klein, C., Zwergel, B., 2017. Sustainable and conventional mutual funds: Do they really differ? Corporate Finance 2017, 86–89.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2460859
Gutsche, G., Ziegler, A., Zwergel, B., Klein, C., 2017. Characterizing German (Sustainable) Investors. Corporate Finance 2017, 77–81.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2460526
Younas, Z.I., Klein, C., Zwergel, B., 2017. The Effects of Ownership Concentration on Sustainability: A Case of Listed Firms from USA, UK and Germany. Corporate Ownership and Control 14, 113–121.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2441767
Stellner, C., Zwergel, B., Klein, C., 2015. Corporate social responsibility and Eurozone corporate bonds: The moderating role of country sustainability. Journal of Banking & Finance 59, 538–549. https://doi.org/10.1016/j.jbankfin.2015.04.032
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2461858
Klein, C., Stellner, C., 2014. Does sovereign risk matter? New evidence from eurozone corporate bond ratings and zero-volatility spreads. Review of Financial Economics 23, 64–74. https://doi.org/10.1016/j.rfe.2013.08.006
https://forschung.uni-kassel.de/converis/portal/detail/Publication/4191793
Klein, C., Wins, A., Zwergel, B., 2014. Wer interessiert sich (nicht) für nachhaltige Anlageprodukte? Eine Kundenklassifizierung, in: Faust M, S.S. (Hrsg.), Nachhaltige Geldanlagen -- Produkte, Strategien und Beratungskonzepte. Frankfurt School Verlag, Frankfurt, S. 627–642.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3284812
Klein, C., Stellner, C., 2014. The systematic risk of corporate bonds: default risk, term risk, and index choice. Financial Markets and Portfolio Management 28, 29–61. https://doi.org/10.1007/s11408-013-0222-9
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2457973
Von Wallis, M., Klein, C., 2014. Ethical requirement and financial interest: a literature review on socially responsible investing. Business Research 1–38. https://doi.org/10.1007/s40685-014-0015-7
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2461969
Heiden, S., Klein, C., Zwergel, B., 2013. Beyond Fundamentals: Investor Sentiment and Exchange Rate Forecasting. European Financial Management 19, 558–578. https://doi.org/10.1111/j.1468-036X.2011.00593.x
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2462746
Scheibel, M., Klein, C., 2013. What Influences the Discount Applied to the Valuation for Controlling Interests in Private Companies? (An Analysis Based on the Acquisition Approach for Comparable Transactions of European Private and Public Target Companies). Journal of Business Valuation and Economic Loss Analysis 8, 27–51. https://doi.org/10.1515/jbvela-2013-0008
https://forschung.uni-kassel.de/converis/portal/detail/Publication/4192015
Klein, C., 2012. Das Ende des Vertrauens? LIBOR-Referenzzinssatz. Wirtschaftsdienst, Zeitschrift für Wirtschaftspolitik 92, 504–505.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3300019
Klein, C., Scheibel, M., 2012. The Private Company Discount from a European Perspective: An Analysis Based on the Acquisition Approach for Comparable Transactions of European Target Companies. The Journal of Private Equity 16, 74–82.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3187354
Michelsen, M., Klein, C., 2011. “Privacy please!” The public to private decision in Germany. Review of Managerial Science 5, 49–85.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/4113205
Beyer, B., Klein, C., Lampenius, N., 2010. Diskontierung nach BilMoG. Controlling and Management 54, 54–58.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3759670
Klein, C., Zwergel, B., Heiden, S., 2009. On the existence of sports sentiment: the relation between football match results and stock index returns in Europe. Review of Managerial Science 3, 191–208. https://doi.org/10.1007/s11846-009-0031-8
https://forschung.uni-kassel.de/converis/portal/detail/Publication/4221985
Kundisch, D., Klein, C., 2009. Zur Preissetzung verschiedener Emittenten bei Indexzertifikaten auf den DAX. Zeitschrift fur Bankrecht und Bankwirtschaft-ZBB 21, 212.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2456863
Klein, C., 2009. Akquisitionen und der Winner’s Curse: Warum der Sieger oft der Verlierer ist. Controlling and Management 53, 88–92.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2457085
Klein, C., Zwergel, B., Fock, H., 2009. Reconsidering the impact of national soccer results on the FTSE 100. Applied Economics 41, 3287–3294. https://doi.org/10.1080/00036840802112471
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2462191
Dorfleitner, G., Klein, C., 2009. Psychological barriers in European stock markets: Where are they? Global Finance Journal 19, 268–285. https://doi.org/10.1016/j.gfj.2008.09.001
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2142733
Kundisch, D., Klein, C., 2008. Der Tracking Error von indexnachbildenden Instrumenten auf den DAX-eine empirische Analyse des ETFs DAX EX sowie zehn Indexzertifikaten. Der Betrieb : Betriebswirtschaft, Steuerrecht, Wirtschaftsrecht, Arbeitsrecht 2009, 1141–1145.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2974678
Klein, C., Kundisch, D., 2008. Indexzertifikat oder ETF? Eine entscheidungstheoretische Analyse. Zeitschrift für Planung & Unternehmenssteuerung 19, 353–370.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2446318
Dühnfort, A.M., Klein, C., Lampenius, N., 2008. Theoretical foundations of corporate governance revisited: A critical review. Corporate Ownership and Control 6, 424–433.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2456641
Etschberger, S., Fock, H., Klein, C., Zwergel, B., 2006. The classification of candlestick charts: laying the foundation for further empirical Research, in: Spiliopoulou M, K.R. (Hrsg.), From Data and Information Analysis to Knowledge Engineering. Springer Berlin Heidelberg, Berlin, S. 526–533. https://doi.org/10.1007/3-540-31314-1_64
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2459305
Fock, H., Klein, C., Zwergel, B., 2005. Performance of candlestick analysis on intraday futures data. Journal of Derivatives 13, 28–40. https://doi.org/10.3905/jod.2005.580514
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2462413
Klein, C., 2005. Wochenend’ und Sonnenschein-Der Wettereffekt in deutschen Aktienindizes. Zeitschrift für Betriebswirtschaft 75, 1035.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3635572
Klein, C., Dorfleitner, G., 2004. Renditen und Volatilität bei Ein-/Ausstiegsstrategien. Wirtschaftswissenschaftliches Studium 33, 582–589.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2456530
Bamberg, G., Klein, C., 2003. Anreizkompatible Mechanismen zur Allokation von Schadstoff-Emissions-Rechten, in: Wagner, S., Kupp, M., Matzel, M. (Hrsg.), Quantitative Modelle und nachhaltige Ansätze der Unternehmungsführung. Physica-Verlag, Heidelberg, S. 55–64.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3732031
Dorfleitner, G., Klein, C., 2003. Technical Analysis as a method of risk management.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/2456308
Dorfleitner, G., Klein, C., 2002. Kursprognose mit Hilfe der technischen Analyse—eine empirische Untersuchung. Financial Markets and Portfolio Management 16, 497–521.
https://forschung.uni-kassel.de/converis/portal/detail/Publication/3193570