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Photo: Adelheid Rutenburges

Photo: Adelheid Rutenburges

Photo: Adelheid Rutenburges

Photo: Adelheid Rutenburges


Jun.-Prof. Dr. Matthias Pelster

Jun.-Prof. Dr. Matthias Pelster


Junior Professor - Finance

+49 5251 60-3766
+49 5251 60-4207
Office hours:

Attention: WS 19/20 will spend Matthias Pelster as Visiting Research Professor at NYU.
Therefore, there are no office hours!

Warburger Str. 100
33098 Paderborn

Matthias Pelster is assistant professor for finance at Paderborn University. His research interests cover the areas of financial risk management and behavioral finance.

Matthias received his Doctorate in Finance in 2013 from TU Dortmund University and his diploma in Business Mathematics in 2009 from TU Dortmund University. Matthias’ Ph.D thesis was awarded the Best Dissertation of the Year Award of the Faculty of Business, Economics and Social Sciences in 2013 at TU Dortmund University. Prior to joining Paderborn University, Matthias was assistant professor for finance at Leuphana University (2014-2017) and a postdoctoral research associate at TU Dortmund University. He completed his habilitation at Paderborn University in 2019.

Contributions by Matthias have been published in the Journal of Banking & Finance and the Journal of Futures Markets, amongst others. In 2017, he was awarded the Teaching Award for his lecture "Econometrics of Financial Markets".

18.09.2019 - 18.03.2020

Visiting Research Professor

New York University, Leonard N. Stern School of Business

01.12.2017 - today

Assistant Professor for Finance

Paderborn University

01.12.2014 - 30.11.2017

Assistant Professor for Finance

Leuphana University Lueneburg

01.08.2014 - 30.11.2014

Akademischer Rat

Lehrstuhl für Investition und Finanzierung, TU Dortmund

01.04.2009 - 31.07.2014

Wissenschaftlicher Mitarbeiter

Lehrstuhl für Investition und Finanzierung, TU Dortmund

Peer-reviewed journals

Breitmayer, B.; Pelster, M. (2018): 'Affect and stock returns', Journal of Behavioral and Experimental Finance 18, 76-84.

Breitmayer, B.; Hasso, T.; Pelster, M. (2019): 'Culture and the disposition effect', Economics Letters 184, 108653.

Hasso, T.; Pelster, M.; Breitmayer, B. (2019): 'Who trades cryptocurrencies, how do they trade it, and how do they perform? Evidence from brokerage accounts', Journal of Behavioral and Experimental Finance 23, 64-74.

Koester, H.; Pelster, M. (2017): 'Financial penalties and bank performance', Journal of Banking and Finance 79, 57-73.

Koester, H.; Pelster, M. (2018): 'Financial penalties and the systemic risk of banks', Journal of Risk Finance 19, 154-173.

Pelster, M. (2015): 'Marketable and non-hedgeable risk in a duopoly framework with hedging', Journal of Economics and Finance 39, 697-716.

Pelster, M. (2017): 'I’ll Have What S/he’s Having: A Case Study of a Social Trading Network’, Proceedings of the International Conference on Information Systems 2017.

Pelster, M. (2020): 'The gambler’s and hot-hand fallacies: Empirical evidence from trading data', Economics Letters 187, 108887.

Pelster, M.; Hagemann, V.; Laporte Uribe, F. (2016): 'Key aspects of a sustainable health insurance System in Germany', Applied Health Economics and Healths Policy 14, 293-312.

Pelster, M.; Hasso, T.; Breitmayer, B. (2019): 'Are cryptocurrency traders pioneers or just risk-seekers? Evidence from brokerage accounts', Economics Letters 182, 98-100.

Pelster, M.; Hofmann, A. (2018): 'About the fear of reputational loss: Social trading and the disposition effect', Journal of Banking and Finance 94, 75-88.

Pelster, M; Irresberger, F.; Weiß, G. (2018): 'Bank stock performance and bank regulation around the globe', European Journal of Finance 24, 77-113.

Pelster, M.; Kaposty, F. (2015): 'Optimales Anlagevermögen von Versicherungsunternehmen', Zeitschrift für die gesamte Versicherungswissenschaft 104, 113-129.

Pelster, M.; Schertler, A. (2019): 'Pricing and issuance dependencies in structured financial product portfolios', Journal of Futures Markets 39, 342-365.

Pelster, M.; Thamm, S. (2016): 'Markttransparenz im CO2-Emissionshandel und Risikomanagement von Stromerzeugern', Zeitschrift für Energiewirtschaft 40, 15-31.

Pelster, M.; Vilsmeier, J. (2018): 'The determinants of CDS spreads: evidence from the model space', Review of Derivatives Research 21, 63-118.

Eine Übersicht über das Lehrangebot von Jun.-Prof. Dr. Matthias Pelster finden Sie hier.

The University for the Information Society