Research

My research interest is focused on the digitization of the financial sector, especially on fintechs, the link between behavioral finance and financial crises, as well as on the performance of active and passive investment strategies. Together with David Großmann, I am studying the impact of bank regulation; and together with Sinan Krückeberg I am analyzing crypto-currencies.


Peer Reviewed Journals


Other Publications


Conferences

  • Cryptocurrencies as an Asset Class?
    9th World Finance Conference, Mauritius, 25.-27.7.2018 (forthcoming).
    6th Crowdfunding Symposium, Max Planck Institute Munich, 20.7.2018 (forthcoming).
  • The Golden Rule of Banking: Funding Cost Risks of Bank Business Models
    9th World Finance Conference, Mauritius, 25.-27.7.2018 (forthcoming).
  • To Advise, or Not to Advise — How Robo-Advisors Evaluate the Risk Preferences of Private Investors
    54th Meeting of the Eastern Finance Association, Philadelphia, USA, 11.-14.04.2018.
    8th World Finance Conference, Cagliari, Italy, 26.-28.7.2017.
  • Leverage Ratio: One Size Does Not Fit All
    7th World Finance Conference, New York, USA, 29.-31.07.2016 (presented as co-author).
  • Timing Success Explained — The Fallacy of Beating Efficient Markets
    7th World Finance Conference, New York, USA, 29.-31.07.2016.
    23rd Annual Conference of the Multinational Finance Society, Stockholm, Sweden, 26.-29.06.2016.
    Spring 2016 Conference of the Multinational Finance Society, Cyprus University of Technology, Lemesos, Cyprus, 22.-24.04.2016.
    27th European Conference on Operational Research, University of Strathclyde, Glasgow, Scotland, 12.-15.07.2015.
  • Size Matters! How Position Sizing Drives the Performance of Technical Timing Strategies
    Annual Meeting of the Southern Finance Association, Charleston, USA, 14.-17.11.2012.
    3rd World Finance Conference, Rio de Janeiro, Brazil, 02.-04.07.2012 (not participated).
    19th Annual Conference of the Multinational Finance Society, Krakow, Poland, 24.-27.06.2012.
    61st Annual Meeting of the Midwest Finance Association, New Orleans, USA, 22.-25.02.2012.
    19th Conference of the International Federation of Operational Research Societies, Melbourne, Australia, 10.-15.07.2011.
  • The Trend is not your Friend! The Parameter-Dependent Performance of Technical Timing Strategies
    2nd World Finance Conference, Rhodes, Greece, 15.-17.06.2011 (presented by co-author).
    8th Research Conference Campus for Finance, WHU Vallendar, Germany, 12.-13.01.2011.
    International Conference on Operations Research, Universität der Bundeswehr, Munich, Germany, 01.-03.09.2010.
    International Conference on Applied Operational Research, University of Turku, Finland, 25.-27.08.2010.
    24th European Conference on Operational Research, University of Lisbon, Portugal, 11.-14.07.2010.
  • The Profitability of Investment Certificates in Different Tax Systems — Do Structured Products Benefit from Taxation?
    7th Research Conference Campus for Finance, WHU Vallendar, Germany, 13.-14.01.2010.
    23rd European Conference on Operational Research, University of Bonn, Germany, 05.-08.07.2009.
    International Federation of Classification Societies Conference, University of Technology Dresden, Germany, 13.-18.03.2009.

Invited Talks

  • Beraten oder Verkauft — Wie Robo-Advisors die Risiko Präferenzen von Privatanlegern messen
    Workshop „Privatanleger auf dem Finanzmarkt“, organized by socium in cooperation with Union Investment and the Bundesministerium für Bildung und Forschung, Frankfurt am Main, Germany, 15.-16.02.2018.
  • To Advise, or Not to Advise — How Robo-Advisors Evaluate the Risk Preferences of Private Investors
    5th Crowdinvesting Symposium „The Regulation of FinTechs“, Berlin, Germany, 06.10.2017.
  • After the Crash is Before the Crash — The Links Between Financial Crises
    2nd International Conference „Old Continent – New Opportunities“, Wroclaw, Poland, 20.-21.04.2017.
  • Timing Success Explained — The Fallacy of Beating Efficient Markets
    12th Quantitative & Asset Management Workshop QUANT.IT, Venice, Italy, 02.-03.03.2017 (Keynote).

Awards

  • Granted the WHU Finance award for the third best paper (8th Research Conference Campus for Finance, WHU Vallendar, 13.01.2011).

Working Paper

  • A Revised Closed-Form Solution for Bond Convexity, Peter Scholz, SSRN Working Paper (May 2018).
  • Cryptocurrencies as an Asset Class?, Sinan Krueckeberg & Peter Scholz, SSRN Working Paper (April 2018).
  • The Golden Rule of Banking: Funding Cost Risks of Bank Business Models, David Großmann & Peter Scholz, SSRN Working Paper (December 2017) [in review process].
  • To Advise, or Not to Advise — How Robo-Advisors Evaluate the Risk Preferences of Private Investors, Michael Tertilt & Peter Scholz, SSRN Working Paper (June 2017) [in review process].
  • Size Matters! — How Position Sizing Determines Risk and Return of Technical Timing Strategies, Peter Scholz, CPQF Working Paper (January 2012).
  • The Trend is not Your Friend! — Why Empirical Timing Success is Determined by the Underlying’s Price Characteristics and Market Efficiency is Irrelevant, Peter Scholz & Ursula Walther, CPQF Working Paper (July 2011).
  • Investment Certificates under German Taxation — Benefit or Burden for Structured Products’ Performance?, Peter Scholz & Ursula Walther, CPQF Working Paper (June 2010).