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ACATIS Value Prize 2008

The prizewinners in the dissertation/essay category

  1. 1st place: Dr. Uwe Rathausky


    1. "Squeeze-out in Deutschland"

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  2. 2nd place: Dr. Jens W. Hawliczek


    1. "Kapitalmarktfaktor Moral? Kursimplikation ethisch relevanter Aspekte auf dem Kapitalmarkt und deren Bedeutung für die Asset Allocation und den Shareholder Value"

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  3. 3rd place: Dr. Oliver A. Schindler


    1. "Value-Added von Fund-of-Hedge-Funds-Managern"

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The prizewinners in the thesis category

  1. 1st place: Michaela Pöschik


    1. "Portfolio Optimization Using Implied Views"

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  2. 2nd place: Max Mihm


    1. "Fundamental Indexation"

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  3. 3rd place: Wolfram Woerner


    1. "Ethisch-ökologische Investments - gut für das Gewissen und für die Brieftasche"

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Photo: Prof. Dr. Stock, Dr. Schellenberger, Dr. Rathausky, Dr. Schwindler, Woerner, Mihm, Dr. Hawlizcek (from left to right). Not on the photo: Pöschik and Prof. Dr. Röder.

Awarding of the ACATIS Value Prize 2008
at the 7th Value Seminar, Fri., 09/12/08,
Kranichstein near Darmstadt


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ACATIS Value Prize 2007

The prizewinners in the dissertation/essay category

  1. 1st place: Dr. Matthias Stanzel, Gießen


    1. "Determinanten der Researchqualität von Finanzanalysten"

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  2. 2nd place: Dr. Stefan Ruenzi, Köln


    1. "Why managers hold shares of their firm: An empirical analysis"

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The prizewinners in the thesis category

  1. 1st place: Robert Petzold, Münster


    1. "Valuestrategien auf Basis des operativen / Free Cash Flows zum Börsenwert - Eine empirische Analyse"

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  2. 2nd place: Thomas Maier, Regensburg


    1. "Moderne Methoden der Performancemessung"

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  3. 3rd place: Michael Gorny, Köln


    1. "Bestimmungsfaktoren von Aktienrenditen in Deutschland"

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Awarding of the ACATIS Value Prize
at the 6th Value Seminar, Sat., 09/07/07,
Kranichstein near Darmstadt
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ACATIS Value Prize 2006

The prizewinners in the dissertation/essay category

  1. 1st place: Andreas Funke, Freiburg


    1. "Der Konglomeratsabschlag im Licht der Transaktionskostentheorie - theoretische Erklärung und empirische Befunde in Europa"

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  2. 2nd place: Dr. Martin Eling, St. Gallen


    1. "Hedgefonds-Strategien und ihre Performance"

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  3. 3rd place: Maik Schmeling, Hannover


    1. "Institutional and Individual Sentiment: Smart Money and Noise Trader Risk"

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The prizewinners in the thesis category

  1. 1st place: Alexander Kerl, Tübingen


    1. "Does the market react to buy and sell recommodations of personal finance magazines?"

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  2. 2nd place: Guido von Schemm, Frankfurt


    1. "Untersuchung von Analystenempfehlungen bezüglich Value und Growth für 2004 und 2005"

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  3. 3rd place: Peter Lückoff, Gießen


    1. "Bayesianische Vektorautoregressive Modelle zur Prognose von Aktienrenditen"

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This year's jury:
  • Professor Dr. Klaus Röder, Universität Regensburg
  • Dr. Dirk Schellenberger, Vorstand Deutsche Balaton AG, Heidelberg
  • Professor Dr. Detlev Stock, Technische Fachhochschule Berlin


  • The Awarding of the ACATIS Value Prize take place in the 5th Value Seminar in September 2006.
    ACATIS Value Prize 2005

    The prizewinners in the dissertation/essay category

    1. 1st place: Dr. André Schenek


      1. "Short- and long-term excess returns when shares are issued"

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        Studied economics at the University of Freiburg. Financial market analyst at the Deutsche Bundesbank, Frankfurt.

    2. 2nd place: Dr. Jana Henze


      1. "What do financial analysts do?"

        Appeared in the publication series: Financing, Capital Market and Banks. Eul-Verlag, publisher. Klaus Röder, Regensburg, Hermann Locarek-Junge, Dresden, and Mark Wahrenburg, Frankfurt. Volume 38. Order at: www.eul-shop.de

        Studied business management at the Universities of Göttingen and Münster. Works in group controlling of Fielmann AG, Hamburg.

        Jury member Dr. Röder abstained, because he was an advisor for the dissertation

    3. 3rd place: Christian Klein


      1. "The Effect of Weather on the German Stock Index"

        The work appeared in: Zeitschrift für Betriebswirtschaft (2005), Volume 75, pp. 1-18.

        Studied business management at the University of Augsburg. Academic employee at the University of Augsburg.

    4. 3rd place: Dr. Julia Wenzel


      1. "Value-Oriented Reporting from a Theoretical and Empirical Perspective"

        Studied business management at the University of Munich. Auditing assistant at Dr. Röver & Partner KG, Berlin.

    The prizewinners in the thesis category

    1. 1st place: Norbert Keimling


      1. "The Prospects of Success of Simple Value Strategies"

        Studied computer science in economics at TU Ilmenau. Analyst at Huber Portfolio AG Frankfurt.

    This year's jury:
  • Professor Dr. Klaus Röder, Universität Regensburg
  • Dr. Dirk Schellenberger, Vorstand Deutsche Balaton AG, Heidelberg
  • Professor Dr. Detlev Stock, Technische Fachhochschule Berlin




  • Awarding of the ACATIS Value Prize
    at the 4th Value Seminar,
    Fri., 09/23/2005, Kranichstein near Darmstadt

    ACATIS 2004 Value Prize

    The prizewinners in the dissertation/academic work category:

    1. 1st place: Dr. Olaf Stotz


      1. "Active Portfolio Management Based on Misvaluations in Expected Returns"

        Studied business engineering at the University of Karlsruhe. Research associate at the University of Aachen and director of the Forschungsinstitut für Asset Management (FIFAM) at the University of Aachen.

    2. 2nd place: Dr. Frank Niehaus


      1. "The Influence of Heterogeneous Preference on the Financial Market"

        Studied economics at the University of Bremen and the University of Hanover. Academic employee at the University of Hanover.

    3. 3rd place: Torben Lütje


      1. "To Be Good or To Be Better: Asset Manager's Attitudes".

        Studied economics at the University of Hanover. Academic employee at the University of Hanover.



    The prizewinners in the thesis category:

    1. 1st place: Norbert Sträter


      1. "Post-Earnings Announcement Drift on the German Capital Market - An Empirical Analysis"

        Studied economics at the University of Münster. Academic employee at the University of Münster.

    2. 2nd place: Uwe Rathausky


      1. "Squeeze-Out in Germany - Theory, Empiricism and Strategic Implications"

        Studied economics at the University of Hohenheim. Doctoral candidate at the University of Hohenheim. Employee at KPMG.



        Awarding of the ACATIS Value Prize
        at the 3rd Value Seminar,
        Sat., 09/04/04, Kranichstein near Darmstadt

    ACATIS 2003 Value Prize

    The prizewinners:

    1. 1st place: Dr. Alexander Obeid


      1. "Performance Analysis of Special Funds. A Practical Application of External and Internal Performance Measurements"

        Studied economics at the University of Aachen and the University of Cologne. Employee at Boston Consulting Group.

    2. 2nd place: Dr. Alexander Baumeister


      1. "Risk Management for Real Estate Investments"

        Studied economics at the University of Hohenheim. Academic employee at the University of Hohenheim.

    3. 3rd place: Dr. Ralf Schremper


      1. "Stock Buybacks and the Capital Market - A Theoretical and Empirical Analysis of German Stock Buyback Programs"

        Studied economics at the University of Cologne and the University of Bochum. Employee at Bertelsmann.

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