Department of Management and Entrepreneurship (MUT)
Chair of Corporate Finance
Issues relating to corporate finance and the financial markets
The Chair is based within the Faculty of Management, Economics and Society, in the Department of Management and Entrepreneurship.
The Chair of Corporate Finance focuses intensively on the challenges and dynamics of corporate finance, as well as the functioning and stability of financial markets. Our aim is to gain in-depth insights into the areas of systemic risks, innovation in the banking market and financial market stability. We focus on generating sound academic findings and translating these into practical applications. The Chair specialises in particular in the study of systemic risks, the impact of innovation in the banking sector and the safeguarding of financial market stability.
Through interdisciplinary approaches and collaboration with international partners, we strive to achieve both theoretical and practical progress. Our work is aimed at a broad audience, including academics, practitioners and policy-makers, in order to achieve a comprehensive impact and promote sustainable improvements in the financial sector. The findings from our research are directly incorporated into our teaching programmes, which aim to train the next generation of financial experts and prepare them for the challenges of the modern financial world. Our Chair sees itself as a bridge between academia and practice and actively contributes to shaping and improving the financial markets.
Chair holder

Univ.-Prof. Dr.
Denefa Bostandzic
Chair holder
Faculty of Management, Economics and Society (Department of Management and Entrepreneurship) | Chair of Corporate Finance
Vice Dean for Teaching
Faculty of Management, Economics and Society | Faculty Office
Alfred-Herrhausen-Straße 50
58455 Witten
Room number: C-E.92 A
Research
The Chair of Corporate Finance conducts research into issues relating to corporate finance, as well as the functioning and stability of financial markets. The Chair specialises in the study of systemic risks, innovations in the banking market and the safeguarding of financial market stability. The Chair’s research is internationally recognised and is regularly published in top-tier A-level journals.
A key area of research at the Chair is the analysis of systemic risks. Methods are developed to identify and quantify such risks in global financial markets, with the aim of creating precise metrics and indicators that provide early warning signals for potential systemic crises. The research analyses the economic impacts of systemic risks and develops strategies for prevention and mitigation. In doing so, it examines the role of various actors, such as banks, regulatory authorities and central banks. Another key area of research focuses on the complex interdependencies between different financial institutions and markets. The research highlights how these interdependencies contribute to the spread of risks and identifies measures that can be taken to stabilise these dynamics.
In the field of innovation in the banking sector, research is conducted, for example, into banking patents, blockchain and other digital innovations. Both the opportunities and the challenges arising from the integration of new technologies are analysed. The studies examine how existing regulatory frameworks can be adapted to these developments and develop recommendations for designing effective regulatory strategies that both promote innovation and ensure market stability. Furthermore, the research analyses how technological innovations are changing the competitive landscape in the banking sector. The responses of traditional banks to new market entrants are examined, and the strategic adjustments required are investigated.
Ensuring financial market stability is another key area of research for the Chair. Research is conducted into mechanisms and instruments that can contribute to the stability of financial markets. Models identify early warning signs of instability and offer approaches to risk mitigation. Drawing on past financial crises, strategies and models are developed to manage future crises more effectively, whilst analysing successful measures and identifying opportunities for optimisation. The research examines the effectiveness of policy measures and develops recommendations for crisis prevention and management.
The research enjoys high international recognition and is regularly published in leading A-level academic journals. Publications include renowned journals such as *The Journal of Financial and Quantitative Analysis*, the *Journal of Financial Intermediation* and *The Leadership Quarterly*. These publications underscore the high quality and relevance of the research and play a key role in shaping academic debate and professional practice in the field of corporate finance.
Current research projects
Systemic risks in financial markets
Investigation and analysis of systemic risks to develop early-warning systems and strategies for stabilising global financial markets.
Blockchain technology and financial innovation
Research into the impact of blockchain and other digital technologies on the financial sector, with the aim of understanding and optimising the opportunities and challenges presented by these innovations.
Sustainable Finance
Research into innovative approaches to promoting environmental and social sustainability in the financial sector.
TMT Personality Traits
Research into how the personal traits of senior executives influence corporate governance and strategy.

Publications
All publications by the Chair of Corporate Finance at UW/H are listed in the university bibliography.
Teaching
The Chair of Corporate Finance offers a modern curriculum that combines theoretical knowledge with practice-oriented and research-based elements. The courses incorporate innovative formats such as blended learning and interactive workshops to provide students with a comprehensive understanding of corporate finance. Practical case studies, projects and participation in current research enable students to apply theoretical concepts directly to real-world challenges. The programme is complemented by guest lectures from industry experts, who provide insights into current developments and best practices. This holistic approach ensures that the programme is both up-to-date and relevant to professional practice.
The team at the Chair of Corporate Finance

Univ.-Prof. Dr.
Denefa Bostandzic
Chair holder
Faculty of Management, Economics and Society (Department of Management and Entrepreneurship) | Chair of Corporate Finance
Alfred-Herrhausen-Straße 50
58455 WittenRoom number: C-E.92 A

Martina Golembusch
Secretariat
Faculty of Management, Economics and Society (Department of Management and Entrepreneurship) | Chair of Corporate Finance
Alfred-Herrhausen-Straße 50
58455 WittenRoom number: E100