Stefan Obernberger - Associate Professor of Finance

Welcome to my Website!

I am a financial economist studying how corporate finance decisions shape firms, markets, and the careers and lives of employees.

A central strand of my work explores how corporate restructuring around IPOs, mergers, and private equity buyouts affects firm organization and employees' human capital. Recently, I have expanded this line of work towards topics that concern the societal implications of finance, including the effects of corporate finance on employee health and the demographics of firms---questions of particular relevance in ageing societies. 

Another focus of my work in corporate finance is on payout policy, where I have investigated the role of share repurchases in market liquidity, price efficiency, and equity-based compensation. 

My papers often make use of innovative, large-scale datasets such as administrative census records. My work has been published in leading journals such as the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Accounting and Economics, and Management Science.

Beyond research, I have developed and taught courses in Corporate Finance, Blockchain Technology, and Empirical Methods at the bachelor’s, master’s, and PhD level.

Curriculum Vitae [link}

Contact Details
Stefan Obernberger