Research

My research interest is focused on the digitization of the financial sector, especially on fintechs, the performance of active and passive investment strategies, as well as on financial crises. 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


Awards

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

Conferences

  • To Advise, or Not to Advise — How Robo-Advisors Evaluate the Risk Preferences of Private Investors
    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

  • 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.-21.4.2017.
  • Timing Success Explained — The Fallacy of Beating Efficient Markets
    12th Quantitative & Asset Management Workshop QUANT.IT, Venice, Italy, 02.-03.03.2017 (Keynote).

Other Publications

  • Sinan Krückeberg & Peter Scholz (2017): Zurück in die Zukunft mit dem „Banco-Coin“. Jahrbuch Finanzplatz Hamburg 2017/2018, (forthcoming).
  • Peter Scholz (2016): Tradition verpflichtet – Banking in Hamburg. Jahrbuch Finanzplatz Hamburg 2016/2017, S. 24-25.

Working Paper

  • The Golden Rule of Banking: Funding Cost Risks of Bank Business Models, David Großmann & Peter Scholz, Working Paper (September 2017).
  • Better The Devil You Know Than The Devil You Don’t — Financial Crises between Ambiguity Aversion and Selective Perception, Peter Scholz, David Großmann & Sinan Krueckeberg, SSRN Working Paper (June 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).
  • 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).