The research of the Chair of e-Finance deals with fundamental and current questions regarding electronic financial services and electronic securities trading in particular. In our research, we primarily use quantitative and analytical methods, but also conduct qualitative studies.

 The value chain in securities trading:



 Main Research Areas:

1. Theory and practice of international securities markets

    - Market models and market microstructure

    - Stock exchanges and securities trading

    - Integrity and efficiency of securities markets

2. The impact of regulatory and technological changes on financial markets

    - Markets in Financial Instruments Directive II (MiFID II / MiFIR)

    - Regulatory impact analysis

    - Algorithmic trading and high-frequency trading

3. Digital finance / FinTech

    - Digital assets (cryptocurrencies, NFTs, etc.) and digital asset markets

    - Business models of FinTechs

    - Crowdfunding

4. Applied machine learning and data science methods

    - Fraud detection and detection of market manipulations

    - Price predictions using neural networks

    - Textual analysis and natural language processing



Selected Publications:


Menkveld, Albert J.; Dreber, Anna; Holzmeister, Felix; Huber, Juergen; Johannesson, Magnus; Kirchler, Michael; Neusüss, Sebastian; Razen, Michael; Weitzel, Utz; Clapham, Benjamin; Lausen, Jens; et al.

Nonstandard Errors

In: The Journal of Finance, Vol. 79, No. 3, pp. 2339-2390; 2024

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Gomber, Peter; Sagade, Satchit; Theissen, Erik; Weber, Moritz Christian; Westheide, Christian

Spoilt for Choice: Determinants of Market Shares in Fragmented Equity Markets

In: Journal of Financial Markets, Vol. 64, Article 100816; 2023

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Clapham, Benjamin; Bender, Micha; Lausen, Jens; Gomber, Peter

Policy Making in the Financial Industry: A Framework for Regulatory Impact Analysis Using Textual Analysis

In: Journal of Business Economics, Vol. 93, pp. 1463-1514; 2023

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Clapham, Benjamin; Gomber, Peter; Lausen, Jens; Panz, Sven

Liquidity Provider Incentives in Fragmented Securities Markets

In: Journal of Empirical Finance, Vol. 60, pp. 16-38; 2021

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Lausen, Jens; Clapham, Benjamin; Siering, Michael; Gomber, Peter

Who Is the Next "Wolf of Wall Street"? Detection of Financial Intermediary Misconduct

In: Journal of the Association for Information Systems, Vol. 21, No. 5, pp. 1153-1190; 2020

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Gomber, Peter; Kauffman, Robert J.; Parker, Chris; Weber, Bruce W.

On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services

In: Journal of Management Information Systems, Vol. 35, No. 1, pp. 220-265; 2018

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Gomber, Peter; Koch, Jascha-Alexander; Siering, Michael

Digital Finance and FinTech: Current Research and Future Research Directions

In: Journal of Business Economics, Vol. 87, No. 5, pp. 537-580; 2017

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Gomber, Peter; Haferkorn, Martin; Zimmermann, Kai

Securities Transaction Tax and Market Quality - The Case of France

In: European Financial Management, Vol. 22, No. 2, pp. 313-337; 2016

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