Prof. Dr. Markus Schmid Prof. Dr. Markus Schmid is a Professor of Corporate Finance at the University of St.Gallen and Member of the Board of the Swiss Institute of Banking and Finance s/bf-HSG and of the School of Finance. He studied economics and business administration with an emphasis on corporate finance, financial economics, and international economics at the University of Basel and holds a PhD in finance also from the University of Basel. He spent a year as a research scholar at Leonard N. Stern School of Business, New York University, and another year as a post-doc at the Department of Finance of the University of Basel, before becoming an Assistant Professor of Finance at the Swiss Institute of Banking and Finance at the University of St.Gallen. Before his current appointment, he was an Associate Professor of Finance at the University of Mannheim. His research interests are mainly in the areas empirical corporate finance, corporate governance, and household finance. His research has been published in the Review of Financial Studies, Journal of Financial Economics, Review of Finance, Management Science, Journal of Financial Intermediation, and Journal of Banking and Finance, among others. From 2010 to 2012 he was co-editor and as of 2012 he is the managing editor of the Financial Markets and Portfolio Management Journal. Research website: SSRN