Markus Schmid
Professor of Finance at University of St. Gallen
SFI Faculty Member at Swiss Finance Institute
Biography
University of St. Gallen
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.
Education
- Habilitation Universität St.Gallen - Hochschule für Wirtschafts-, Rechts- und Sozialwissenschaften (2006 — 2010)
- PhD, Finance (Dr. rer. pol.) Universität Basel (2001 — 2004)
- Diploma (Lizentiat) Universität Basel (1996 — 2001)
Companies
- Professor of Finance University of St. Gallen (2012)
- Associate Professor of Finance Universität Mannheim (2010 — 2012)
- Assistant Professor of Finance University of St. Gallen (2006 — 2010)
- Post-Doc Universität Basel (2005 — 2006)
- Post-Doc New York University - Leonard N. Stern School of Business (2004 — 2005)
Swiss Finance Institute
Markus Schmid is Professor of Corporate Finance at the University of St.Gallen and a Research Member at the European Corporate Governance Institute in Brussels. Professor Schmid is a regular speaker at leading academic conferences on finance and has been on the board of experts of zRating, a Swiss-focused proxy voting advisor, since 2018.
Expertise
Professor Schmid is studying the impact of CEO tenure on corporate valuation. His results, which cover all S&P 1500 firms, provide systematic evidence of a humpshaped relation between CEO tenure and market valuation. Interestingly, this hump is more pronounced in more dynamic industries and when CEOs are less adaptable to change. Further analysis shows that CEO entrenchment is not a rampant issue, as CEOs frequently leave their firms before the valuation peak is reached and those who remain often do so because there is no readily available better option to replace them. From an investor's perspective, regular CEO turnover can be valuable, but this does not imply that a fixed policy of CEO term limits would be useful.
Read about executive education
Other experts
Popular Courses
Leading Digital Transformation
ESMT
Berlin, Germany
May 28
Private Equity: Investing and Creating Value
The Wharton School
Philadelphia, Pennsylvania, United States
Sep 8
The Positive Leader: Deep Change and Organizational Transformation
Stephen M. Ross School of Business
Ann Arbor, Michigan, United States
Jun 23
Leading People and Teams
ESMT
Berlin, Germany
May 28
Leading Strategic Growth and Change
Columbia Business School
New York, New York, United States
Jun 10
The Manchester Leadership Development Programme
Alliance Manchester Business School
Manchester, United Kingdom
Jul 1
Looking for an expert?
Contact us and we'll find the best option for you.