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Rüdiger Fahlenbrach
SFI Senior Chair
Associate Professor of Finance

Rüdiger Fahlenbrach is Professor of Finance at the Ecole Polytechnique Fédérale de Lausanne and has held an SFI Senior Chair since 2012. He graduated with a PhD in Finance from the Wharton School of Business. Before joining the faculty in Lausanne in 2009, Prof. Fahlenbrach was Assistant Professor of Finance at the Ohio State University. Prof. Fahlenbrach’s research has been published in the top finance journals worldwide and features in the international press, including The Economist and NZZ. He is a regular speaker at leading academic conferences and also serves on the editorial boards of the top academic journals in finance.

Listen to Prof. Rüdiger Fahlenbrach speak about his research.

Research Interests:
His research focuses primarily on corporate governance, and on understanding the causes and consequences of the recent financial crisis.
Recent Research:
One of Prof. Fahlenbrach’s latest coauthored projects focuses on the factors that make independent directors resign from corporate boards and what happens to corporate policies and firms’ performance after their departure. Directors may leave for expected reasons, such as retirement or other work commitments, but also for unexpected reasons, such as firms’ poor anticipated future performance. Data reveals that firms are more likely to incur earnings restatements, federal class action securities fraud lawsuits, as well as months with high negative skewness after the unexpected departures of independent directors. In terms of policy recommendations, shareholders could consider policies that provide incentives to retain independent directors during times of turmoil.