Prof. Dr. Marc Gürtler
Abt-Jerusalem-Str. 4, 38106 Braunschweig

Consultation hours: Consultation hours take place on Wednesdays between 8:30 and 9:30 a.m. by appointment.

Scientific Career

since 2002
Braunschweig University of Technology, Chair of Finance, University Professor

2000 - 2002
RWTH Aachen University, Research Assistant at the Chair of Business Administration, esp. Corporate Finance, Private Lecturer

1997 - 2000
University of Bonn, Research Assistant at the Department of Business Administration I

1995 - 1997
University of Bonn, Research Assistant at the Department of Business Administration I, Dr. rer. pol.

1992 - 1994
University of Cologne, Research Assistant at the Mathematical Institute

1987 - 1992
University of Cologne, student of mathematics, Dipl.-Math.


Selected publications (VHB-Ranking A):

  • Firm Choice and Career Success – Theory and Evidence, European Economic Review, Vol. 127, 2020, 103470 (together with C. Deutscher, O. Gürtler, J. DeVaro).
  • Informational Synergies in Consumer Credit, Journal of Financial Intermediation, Vol. 44, 2020, 100831 (together with M. Hibbeln, L. Norden, P. Usselmann).
  • Risk Transfer and Moral Hazard: An Examination on the Market for Insurance-Linked Securities, Journal of Economic Behavior and Organization, Vol. 180, 2020, S. 758-777 (together with T. Götze).
  • Promotion signaling, discrimination, and positive discrimination policies, RAND Journal of Economics, Vol. 50, 2019, S. 1004-1027 (together with O. Gürtler).
  • Exposure at Default Modeling - A Theoretical and Empirical Assessment of Es-timation Approaches and Parameter Choice, Journal of Banking and Finance, Vol. 41, 2018, Volume 91, 2018, S. 176-188 (together with M. Hibbeln and P. Usselmann).
  • Insured Loss Inflation: How Natural Catastrophes Affect Reconstruction Costs, Journal of Risk and Insurance, Vol. 84, 2017, S. 851-879 (together with D. Döhrmann and M. Hibbeln).
  • The Impact of the Financial Crisis and Natural Catastrophes on CAT Bonds, Journal of Risk and Insurance, Vol. 83, No. 3, 2016, S. 579-612 (together with M. Hibbeln and C. Winkelvos).
  • The Optimality of Heterogeneous Tournaments, Journal of Labor Economics, Vol. 33, No.4, 2015, S. 1007-1042 (together with O. Gürtler).
  • The Interaction of Explicit and Implicit Contracts: A Signaling Approach, Journal of Economic Behavior and Organization, Vol. 108, 2014, S. 135-146 (together with O. Gürtler).
  • Improvements in Loss Given Default Forecasts for Bank Loans, Journal of Banking & Finance, Vol. 37, 2013, S. 2354-2366 (together with M. Hibbeln).
  • Accuracy of Premium Calculation Models for CAT Bonds - an Empirical Analysis, Journal of Risk and Insurance, Vol. 80, 2013, S. 401-421 (together with M. Galeotti and C. Winkelvos).
  • Inequality Aversion and Externalities, Journal of Economic Behavior and Organization, Vol. 84, 2012, S. 111-117 (together with O. Gürtler).

List of Publications

Scientific Review Activities

Energy Economics, European Journal of Finance, Finance Research Letters, Financial Markets and Portfolio Management, Geneva Papers on Risk and Insurance, Insurance: Mathematics and Economics, International Review of Economics and Finance, Journal für Betriebswirtschaft, Journal of Asset Management, Journal of Banking and Finance, Journal of Business Economics, Journal of Business Finance & Accounting, Journal of Institutional and Theoretical Economics, Journal of International Financial Markets, Institutions & Money, Journal of Risk, Journal of Risk and Insurance, Mathematical Finance, Quantitative Finance, Review of Managerial Science, Die Betriebswirtschaft, Die Unternehmung, Kredit & Kapital, Zeitschrift für Bankrecht und Bankwirtschaft, Zeitschrift für Betriebswirtschaft, Zeitschrift für betriebswirtschaftliche Forschung, Zeitschrift für Planung und Unternehmenssteuerung.


Academic Self-Administration

  • Chairman of the Examination Committee "Financial and Business Mathematics" (since 2020)

  • Chairman of the Standing Doctoral Commission "Economics" (since 2013)

  • Member of the Council of the Carl Friedrich Gauss Faculty (2007-2013; since 2017)

  • Member of the Council of the Faculty of Economics and Social Sciences (2003-2007)

  • Executive Head of the Department "Economic Sciences" (2007-2009)

  • Dean of Studies of the Faculty "Economic and Social Sciences" (2005-2007)

  • Chairman of the examination board "Business Informatics" (2003-2005)

  • Chairman of various appointment committees (2006, 2012, 2013, 2017)