Associate Professor of Finance
School of Business. Before joining the faculty in Lausanne in 2009, Prof. Fahlenbrach was an assistant professor of finance at the Ohio State University. Prof. Fahlenbrach’s research has been published in the top finance journals worldwide and featured in the international press. 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.
His research focuses primarily on corporate governance and on understanding the causes and consequences of the recent financial crisis.
One of Prof. Fahlenbrach’s latest co-authored studies investigates investors’ and firms’ reactions to the unexpected currency shock that occurred in Switzerland a year ago. Studying publicly listed companies, the researchers find large negative announcement returns for firms with significant currency exposure. Such firms experienced, on average a 9.7 percent drop in profitability compared to other Swiss firms, which took a 4.9 percent hit. The appreciation of the Swiss franc also had real effects. The most exposed firms experienced a large drop in sales and profitability, significantly reduced their capital expenditures, and shifted production abroad.