Capital Markets Union Foundation Project
Against the backdrop of the European discussion and efforts to sustainably improve capital market financing and the interlinkage of bank financing and capital markets, the three foundations decided in autumn 2017 to more strongly integrate their academic funding in this area and to jointly contribute to practice-oriented academic research into the further development of capital market-related corporate financing and its interlinkage with bank financing and capital markets.
Against this background, each of the three foundations has contributed the necessary funds to the joint Science and Practice project entitled ‘European Financial Markets Union: the future of corporate finance, financial market regulation and capital market law‘. The project began funding activities in 2018 and is initially scheduled to run for a period of ten years.
Objectives of the foundation project
- Organise the exchange on relevant specialist topics between academia and practitioners from the real economy, politics, the financial market and supervision
- Examine the significance of the various fields of action, legal areas and capital market instruments, including in particular the contribution of financial market regulation to the integration of financial markets and corporate financing in Germany and Europe, and to identify effects and interactions
- Contribute to more effective dovetailing of bank and capital market financing in Germany and Europe in order to promote and expand the functioning of an efficient banking system
- Investigate new trends in the structural transition of the economy and the financial system
- Explore the interdependencies between financial market stability and economic stability and assess risk factors
- Participate in the creation of a concrete framework for the development of a European Capital Markets Union and discuss its implications for legal developments in Germany
- Initiate and promote relevant academic projects, including doctorates and post-doctoral theses, and prepare their results for academia and practice.
- Link up young academics who are active in relevant subject areas or who are planning or carrying out academic work in this area with practitioners, e.g. within the framework of internships
The foundation organises and hosts own events (expert dialogues between academia and practice) via the Capital Markets Union foundation project. In addition, it supports selected third-party events. The foundation also awards scientific research reports within the defined range of topics of the foundation project, and it comprehensively supports young scientists in selected research projects. So far, events are held in German language only.
Origins and history
As early as the 1980s, the capital market instrument of securitisation achieved great importance in the financial world, and today securitisation is an important building block for the financing of banks and the real economy. In Germany, however, an active securitisation market only emerged relatively late. Under the leadership of KfW, True Sale International GmbH (TSI) was established in 2004 from a bank initiative to promote the German securitisation market. TSI set standards for German securitisation transactions at an early stage and promoted necessary legislative changes for the legal and tax framework of the transactions.
On that basis, it has been possible since 2004 to provide German special purpose vehicles for these securitisation transactions via TSI.
In this framework, the three foundations
- Foundation for Capital Market Law for Germany as a Financial Centre (Stiftung Kapitalmarktrecht)
- Foundation for Capital Market Research for Germany as a Financial Centre (Stiftung Kapitalmarktforschung)
- Foundation for Corporate Finance and Capital Markets for Germany as a Financial Centre (Stiftung Unternehmensfinanzierung)
play an important role, as they become shareholders in the special purpose vehicles set up via the TSI in order to ensure the insolvency remoteness of the special purpose vehicles. All three foundations are non-profit-making and were established by the founder KfW in 2004.
The purpose of the foundations is to promote research and teaching in the field of research on capital market law (Stiftung Kapitalmarktrecht), the structure and development of financial markets in Germany and Europe (Stiftung Kapitalmarktforschung), and corporate finance and capital markets (Stiftung Unternehmensfinanzierung).
As a further milestone, the three foundations launched the joint foundation project Capital Markets Union in 2017, with which they contribute to deepening the dialogue between academia and practice on issues of banking and capital market financing in Germany and Europe.
The three foundations
Establishment of the foundations
- The foundations were established by KfW on 19 July 2004 as foundations under civil law with legal capacity.
- The competent authority (Darmstadt Regional Council) recognised the establishment of the Foundation for Capital Market Law on 4 August 2004, the Foundation for Corporate Finance and Capital Markets on 14 September 2004 and the Foundation for Capital Market Research on 15 September 2004.
- The foundation statutes apply in the current version as amended from time to time, in which the foundation purpose is defined and detailed in accordance with the founder's intentions. The purpose of a foundation is fundamental to each foundation and must be expressed unambiguously in the foundation deed.
- A foundation is generally an aggregation of assets and is established for the long term. The substance of its assets may not be attacked and must be secured so that it cannot be accessed (principle of asset preservation). The three foundations achieve their purpose through the income generated from the investment of their assets. In addition, the foundations also receive donations and, if applicable, distributions from the endowed shares in the special purpose vehicles.
Purpose of the Foundation
The exclusive and direct purpose of the foundations is to promote science in research and teaching in the fields of
- capital market law (Stiftung Kapitalmarktrecht)
- the structure and development of financial markets in Germany and Europe (Stiftung Kapitalmarktforschung) and
- corporate finance and capital markets (Stiftung Unternehmensfinanzierung)
The purpose of the foundation will be directly realised by
- awarding a promotional prize to be awarded for outstanding academic work
- providing financial support for the library of the beneficiary research institution specified in the foundation's statutes
- promoting the training of young academics qualified for scientific research and teaching
- providing financial support for arranging guest lectures at the research institution named in the foundation's statutes
- evaluating and publishing research results
- establishing and maintaining study and research facilities, preferably in the financial centre of Frankfurt, with the beneficiary research institution specified in the Foundation's statutes
- arranging scientific conferences
Non-profit status and tax exemption
The foundations are registered with the tax office in Frankfurt am Main. Based on the submitted corporate income tax certificates, the foundations are exempt from corporate income tax pursuant to Section 5 para. 1 no. 9 of the German Corporate Income Tax Act because they exclusively and directly serve tax-privileged public-benefit purposes within the meaning of Section 51ff. of the German Fiscal Code.
The tax exemption of the foundations applies to the purposes specified in Section 52 (2) of the German Fiscal Code:
- No. 1 the advancement of science and research
- No. 7 the advancement of upbringing, adult education and vocational training
The foundations are entitled to issue donation receipts in accordance with the officially prescribed form Section 50 (1) of the German Income Tax Implementation Regulation for donations made to it for these purposes.
Executive Board of the Foundations
- Pursuant to § 6 of the respective foundation statutes, the sole body of the foundations is the Executive Board, which is composed exclusively of honorary members. The Executive Board consists of at least two and not more than five persons. The Executive Board of each foundation is made up of well-known personalities who ensure that the foundations can fulfil their tasks based on their professional experience and their position in the financial and banking sector or in academia.
- The Executive Board manages the business of the foundation and decides on the use of the foundation's funds. Two members of the Executive Board are authorised to represent the foundation jointly.
- In principle, the Executive Board is obliged to manage the foundation in accordance with its purpose.
The foundations as shareholders of the special purpose vehicles established via TSI
In order to create the insolvency remoteness that is important for a securitisation transaction, the shares of special purpose vehicles established through TSI are transferred to the three public-benefit foundations within the framework of the endowment. From 2005 up to March 2021, more than 140 special-purpose vehicles have been established by TSI in this way and the shares have been endowed or transferred to the three foundations in equal shares. The shares held by the foundations as part of the endowment increase the foundation's assets – after the securitisation transaction is completed, the special purpose vehicle is liquidated and the shares (participations) are converted into fund shares or bank balances.
Uniform funding measures of the foundations
The following funding measures are advertised and awarded separately by all three foundations on a uniform and annual basis:
- sponsorship award of the foundation
- dissertation scholarship of the foundation
- publication and printing subsidy from the foundation
The three foundations
The foundations for Germany as a financial location
Stiftung Kapitalmarktforschung
für den Finanzstandort Deutschland
Purpose of the Foundation and Beneficiary Institute
The exclusive and direct purpose of the foundation is the promotion of science in research and teaching on the structure and development of the financial markets in Germany and Europe.
In the statutes of the Foundation Capital Market Research for Germany as a Financial Centre, the "Gesellschaft für Kapitalmarktforschung e. V., Frankfurt am Main" is designated as the beneficiary institute.
Board members
Rolf-Dieter Maihöfer
Chairman of the Executive Board
Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland
Hans W. Reich
Deputy Chairman of the Executive Board
Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland
Hiltrud Thelen-Pischke
Member of the Executive Board
Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland
Funding and competition documents
The foundation's purpose is realised, among other things, by offering an annual sponsorship award of the ‘Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland‘, which is intended to honour outstanding academic work on the structure and development of the financial markets in Germany and Europe, especially in the area of the capital market.
Furthermore, the foundation awards publication and printing subsidies and dissertation scholarships, provided that the respective work meets the foundation's objective.
Only applicants who are enrolled at a state or state-recognised German university are currently eligible for funding. The right to nominate scholarship holders also lies exclusively with professors at German universities.
The linked documents on the funding measures are therefore available only in German.
Foundation Activities
of the Stiftung Kapitalmarktforschung für den Finanzstandort Deutschland
The sorting of the table can be individually adjusted by clicking on another column heading (e.g. University). Here you can search freely in the table by entering your search term in the search field.
| Funding measure | Language | Subject of the funded work | Name of the funded researcher | University | Year of funding |
|---|---|---|---|---|---|
Promotion Award |  EN | Essays on Securitization and Leasing | Dr Philipp Klein | Westfälische Wilhelms-Universität Münster | 2020 |
Promotion Award | EN | Design and Effects of Regulatory Requirements in Banking and Securitization | Dr Carina Mössinger | Westfälische Wilhelms-Universität Münster | 2020 |
Printing costs grant |  GER | Wissen, Zurechnung und Ad-hoc-Publizität | Christoph Breuer | Ruprecht-Karls-Universität Heidelberg | 2020 |
Promotion Award | GER | Crowdinvesting. Phänomen – Rechtsbeziehungen – Regulierung | non-public | Martin-Luther-Universität Halle-Wittenberg | 2019 |
Printing costs grant | GER | Das Individualschutzziel im europäischen Bankaufsichtsrecht und seine privatrechtliche Durchsetzung | non-public | Humboldt-Universität zu Berlin | 2019 |
| Dissertation scholarship | GER | Auswirkungen eines Zinsaufschwunges auf das Verhalten von Bankkunden – Konsequenzen für das Bankmanagement und die Bankenregulierung | non-public | Technische Universität Chemnitz | 2019 |
Promotion Award | GER | Grenzüberschreitende Bankenaufsicht in der Europäischen Union | Dr Gerrit Tönningsen | Goethe-Universität Frankfurt am Main | 2018 |
Promotion Award | GER | Short-termism im Aktien- und Kapitalmarktrecht – Ideengeschichte, Rechtsvergleichung, Rechtsökonomie | Prof Dr Eckart Bueren | Bucerius Law School | 2018 |
Printing costs grant | GER | Kapitalmarkttransaktionen als Kartellrechtsverstoß? | Dr Julius Carl Goldmann | Ludwig-Maximilians-Universität München | 2018 |
| Dissertation scholarship | EN | Corporate Venturing and Corporate Strategic Renewal: Rethinking the Interrelationship | Constantin von Aderkas | Technische Universität Berlin | 2018 |
Promotion Award | GER | Produktverbote zur Gewährleistung von Finanzmarktstabilität | Dr Daniel Klingenbrunn | Bucerius Law School | 2017 |
| Dissertation scholarship | GER | Current Account Surpluses and Capital Flows – the Case of Germany and Japan: 1980–2017 | Taiki Murai | Universität Leipzig | 2017 |
Promotion Award | GER | Zentrales Clearing von OTC-Derivaten unter EMIR | non-public | Bucerius Law School | 2016 |
Printing costs grant | GER | Crowdlending oder Disintermediation in der Fremdkapitalvergabe. Eine Analyse der bank-, zahlungsdienstaufsichts-, gewerbe- und vermögensanlagerechtlichen Regulierung in Deutschland | Dr Tobias Polke | Albert-Ludwigs-Universität Freiburg | 2016 |
Promotion Award | GER | Anlageberater als Finanzintermediäre – Aufklärungspflichten über monetäre Eigeninteressen von Finanzdienstleistern in Beratungskonstellationen | Dr Marcus P. Lerch | Bucerius Law School | 2015 |
Promotion Award | GER | Implikationen von Verbriefungen für den Kreditmarkt – Eine empirische Untersuchung des Einflusses von Asset Backed Securities auf den Kreditzins im US-amerikanischen Automobilmarkt | Dr Felix Waldvogel | Universität Bayreuth | 2014 |
| Dissertation scholarship | GER | Empirische Analysen zum Segment der mittelständischen Unternehmensanleihen am Finanzstandort Deutschland | non-public | Justus-Liebig-Universität Gießen | 2014 |
| Dissertation scholarship | EN | The impact of recent regulation on equity analysts’ research and investors’ behavior in the German market | non-public | Carl von Ossietzky Universität Oldenburg | 2014 |
Promotion Award | GER | Prinzipien der kollektiven Vermögensanlage | non-public | Heinrich-Heine-Universität Düsseldorf | 2013 |
Printing costs grant | GER | Rechtsfragen islamischer Zertifikate (Sukuk) | Dr Osman Sacarcelik | Westfälische Wilhelms-Universität Münster | 2013 |
| Dissertation scholarship | GER | Die Vereinbarkeit der Markteingriffe des deutschen Staates in den Bankensektor mit der europäischen Wirtschaftsverfassung | non-public | Otto-Friedrich-Universität Bamberg | 2013 |
Promotion Award | GER | Close-out Netting, Collateral und systemisches Risiko – Rechtsansätze zur Minderung der Systemgefahr im außerbörslichen Derivatehandel | Dr Florian Fuchs | Rheinische Friedrich-Wilhelms-Universität Bonn | 2012 |
| Dissertation scholarship | GER | Empirische Aspekte der Integration von Nachhaltigkeit in die Portfoliotheorie | non-public | Universität Regensburg | 2012 |
| Dissertation scholarship | GER | Implikationen von Verbriefungen für den Kreditmarkt – Eine empirische Untersuchung des Einflusses von Asset Backed Securities auf den Kreditzins im US-amerikanischen Automobilmarkt | non-public | Universität Bayreuth | 2011 |
| Dissertation scholarship | GER | Eine empirische Analyse der Anlageentscheidungen privater Haushalte in Deutschland anhand der Depotstatistik der Deutschen Bundesbank | Prof Dr Oscar A. Stolper | Justus-Liebig-Universität Gießen | 2011 |
Stiftung Kapitalmarktrecht für Deutschland
für den Finanzstandort Deutschland
Purpose of the Foundation and Beneficiary Institute
The exclusive and direct purpose of the foundation is to promote science in research and teaching in the field of capital market law.
In the statutes of the Stiftung Kapitalmarktrecht, the Institute for Law and Finance at the Johann Wolfgang Goethe University, Frankfurt/Main is designated as the beneficiary institute.
Board members
Henning Sieh
Chairman of the Executive Board
Stiftung Kapitalmarktrecht für den Finanzstandort Deutschland
Dr Hans Reckers
Deputy Chairman of the Executive Board
Stiftung Kapitalmarktrecht für den Finanzstandort Deutschland
Folkhart Olschowy
Member of the Executive Board
Stiftung Kapitalmarktrecht für den Finanzstandort Deutschland
Funding and competition documents
The purpose of the foundation is realised, among other things, by offering an annual ‘Promotion award of the Capital Market Law Foundation for Germany as a Financial Centre‘, which is awarded to honour outstanding academic work on capital market law, especially in the area of the capital market.
The foundation also awards publication and printing subsidies and dissertation scholarships, provided that the respective works are aligned with the foundation's objective.
Only applicants who are enrolled at a state or state-recognised German university are currently eligible for funding. The right to nominate scholarship holders also lies exclusively with professors at German universities.
The linked documents on the funding measures are therefore available only in German.
Foundation activities
of the Stiftung Kapitalmarktrecht für den Finanzstandort Deutschland
The sorting of the table can be individually adjusted by clicking on another column heading (e.g. University). Here you can search freely in the table by entering your search term in the search field.
| Funding measure | Language | Subject of the funded work | Name of the funded researcher | University | Year of funding |
|---|---|---|---|---|---|
Promotion Award | GER | Individualschutz im Kapitalmarkt- und im Bankenaufsichtsrecht | Dr Christian Uhlmann | Ruprecht-Karls-Universität Heidelberg | 2020 |
| Printing costs grant | GER | Regelungskonzepte im neuen europäischen Verbriefungsrecht –Kapitalmarktregulierung zur Wiederherstellung von Vertrauen in Verbriefungen | David Anschütz | Ludwig-Maximilians-Universität München | 2020 |
Dissertation scholarship | EN | Claims Trading | Paul Corleis | Bucerius Law School, Hamburg | 2020 |
| Promotion Award | GER | Verlustausgleich und Risikotragung – Schuldrechtliches Risikokapital und der bankaufsichtsrechtliche Eigenmittelbegriff | non-public | Universität Hamburg | 2019 |
| Printing costs grant | GER | Die novellierte Debt Governance für Banken in der Europäischen Union | non-public | Goethe-Universität Frankfurt | 2019 |
| Dissertation scholarship | GER | Zur Anteilseignerkontrolle in der europäischen Bankenaufsicht | Clemens Böhm | Georg-August-Universität Göttingen | 2019 |
| Promotion Award | GER | Der Marktrückzug des Emittenten – Dynamische Marktstrukturregulierung im Schnittfeld von Kapitalmarkt- und Gesellschaftsrecht | Dr Catharina Sophie von Berg | Gottfried Wilhelm Leibniz Universität Hannover | 2018 |
| Promotion Award | GER | Die Privilegierung staatlicher Schuldner – Ausgestaltung und Rechtmä-ßigkeit der normativen Sicherung staatlicher (Re-)Finanzierungsinteressen | Dr Patrick Hauser | Heinrich-Heine-Universität Düsseldorf | 2018 |
| Printing costs grant | GER | Verlustausgleich und Risikotragung – Schuldrechtliches Risikokapital und der bankaufsichtsrechtliche Eigenmittelbegriff | non-public | Universität Hamburg | 2018 |
| Dissertation scholarship | GER | Private Enforcement im Kapitalmarktrecht – Das Verhältnis von Aufsichts- und Zivilrecht nach der MiFID II | Lena Daams | Rheinische Friedrich-Wilhelms-Universität Bonn | 2018 |
| Promotion Award | GER | Rechtlich weiche Verhaltenssteuerungsformen Europäischer Agenturen als Bewährungsprobe der Rechtsunion | non-public | Johannes Gutenberg-Universität Mainz | 2017 |
| Printing costs grant | GER | Der Betafaktor – Theoretische und empirische Befunde nach einem halben Jahrhundert CAPM | non-public | Julius-Maximilians-Universität Würzburg | 2017 |
| Dissertation scholarship | GER | Regelungskonzepte im neuen europäischen Verbriefungsrecht –Kapitalmarktregulierung zur Wiederherstellung von Vertrauen in Verbriefungen | David Anschütz | Ludwig-Maximilians-Universität München | 2017 |
| Promotion Award | GER | Anleihebedingungen – Rechtssicherheit trotz Inhaltskontrolle | Prof Dr Timo Fest | Ludwig-Maximilians- Universität München | 2016 |
| Printing costs grant | GER | Die Regulierung von Kreditderivaten – Sovereign Credit Default Swaps als Gegenstand nationaler und europäischer Rechtsetzung | non-public | Friedrich-Schiller-Universität Jena | 2016 |
| Printing costs grant | GER | Das Finanztransfergeschäft als Zahlungsdienst – Herausforderungen für Aufsicht, Rechtsprechung und Praxis im Lichte europäischer Rechtsetzung | Dr Christopher Danwerth | Westfälische Wilhelms- Universität Münster | 2016 |
| Dissertation scholarship | EN | Capital Requirements in the Context of Recovery and Resolution Planning | non-public | Goethe-Universität Frankfurt | 2016 |
| Promotion Award | GER | Informationsintermediäre des Kapitalmarkts: Private Marktzugangskontrolle durch Abschlussprüfung, Bonitätsrating und Finanzanalyse | Prof Dr Patrick C. Leyens | Universität Hamburg | 2015 |
| Printing costs grant | GER | Entsendungsrechte in den Aufsichtsrat im europäischen Kontext. Privatautonome aktienrechtliche Bestellungskompetenzen im Lichte des Übernahmerechts und der Kapitalverkehrsfreiheit | Dr Johannes Steinfort | Humboldt-Universität zu Berlin | 2015 |
| Printing costs grant | GER | Einseitiges informelles Verwaltungshandeln im Regulierungsrecht | Dr Michael Matthias Schramm | Bucerius Law School, Hamburg | 2015 |
| Dissertation scholarship | GER | Staatshaftung der deutschen und europäischen Finanzaufsicht im europäischen Verwaltungsverbund | non-public | Universität des Saarlandes | 2015 |
| Promotion Award | GER | Bucheffekten – Intermediärverwahrte Wertpapiere im deutschen und schweizerischen Recht. Ein rechtsvergleichender Beitrag zur Modernisierung des deutschen Depotrechts | Prof Dr Ulrich Segna | Goethe-Universität Frankfurt | 2014 |
| Printing costs grant | GER | Rechtswettbewerb und Debt Governance bei Anleihen: Eine rechtsökonomische, -vergleichende und -politische Untersuchung | non-public | Ludwig-Maximilians-Universität München | 2014 |
| Printing costs grant | GER | Vorstandshaftung und Vorstandsermessen – Rechtliche und ökonomische Grundlagen, ihre Anwendung in der Finanzkrise sowie der Selbstbehalt bei der D&O-Versicherung | Dr Bernd Claus Scholl | Universität zu Köln | 2014 |
| Dissertation scholarship | GER | Crowdinvesting und Moral Hazard – Eine rechtsökonomische und -vergleichende Analyse mit Regulierungsperspektiven durch Markt und Recht | non-public | Ludwig-Maximilians-Universität München | 2014 |
| Promotion Award | GER | Rechtsfragen islamischer Zertifikate (Sukuk) | Dr Osman Sacarcelik | Westfälische Wilhelms-Universität Münster | 2013 |
| Printing costs grant | GER | Besicherung von Gläubigermehrheiten bei der Unternehmensfinanzierung | non-public | Goethe-Universität Frankfurt | 2013 |
| Promotion Award | GER | Ratings – Bonitätsbeurteilungen durch Dritte im System des Finanzmarkt-, Gesellschafts- und Vertragsrechts. Eine rechtsvergleichende Untersuchung | Prof Dr Ulrich G. Schroeter | Albert-Ludwigs-Universität Freiburg | 2012 |
Printing costs grant | GER | Prinzipien der kollektiven Vermögensanlage | Prof Dr Dirk Zetzsche | Heinrich-Heine-Universität Düsseldorf | 2012 |
| Dissertation scholarship | GER | Verhaltenssteuerung durch Kausalitätsanforderungen – eine Antwort de lege lata auf Irreführungen von Anlegern am Sekundärmarkt | non-public | Humboldt-Universität zu Berlin | 2012 |
| Promotion Award | GER | Die insolvenzfeste Refinanzierung von Forderungen durch Asset-Backed Securities – Eine Untersuchung der Grundlagen der True Sale-Verbriefung | Dr Christoph Andreas Weber | Eberhard Karls Universität Tübingen | 2011 |
| Dissertation scholarship | GER | (Über-)Abschreckung durch unbeschränkte Vorstandshaftung? | non-public | Goethe-Universität Frankfurt | 2011 |
Stiftung Unternehmensfinanzierung und Kapitalmärkte
für den Finanzstandort Deutschland
Purpose of the Foundation and Beneficiary Institute
The exclusive and direct purpose of the foundation is to promote science in research and teaching in the fields of corporate finance and capital markets.
In the statutes of the Stiftung Unternehmensfinanzierung, the EBS Universität für Wirtschaft und Recht gemeinnützige GmbH, Wiesbaden is designated as the beneficiary institute.
Board members
Prof Dr Ferdinand Mager, CFA
Chairman of the Executive Board
Stiftung Unternehmensfinanzierung und Kapitalmärkte für den Finanzstandort Deutschland
Dr Claus-Rainer Wagenknecht
Deputy Chairman of the Executive Board
Stiftung Unternehmensfinanzierung und Kapitalmärkte für den Finanzstandort Deutschland
Ralf Brunkow
Member of the Executive Board
Stiftung Unternehmensfinanzierung und Kapitalmärkte für den Finanzstandort Deutschland
Dr Frank Czichowski
Member of the Executive Board
Stiftung Unternehmensfinanzierung und Kapitalmärkte für den Finanzstandort Deutschland
Funding and competition documents
The foundation achieves its purpose by, among other things, offering an annual sponsorship award which is intended to honour outstanding academic work on corporate finance and capital markets, especially in the field of capital markets.
The foundation also awards publication and printing subsidies and dissertation scholarships, provided that the respective work is aligned with the foundation's objective.
Only applicants who are enrolled at a state or state-recognised German university are currently eligible for funding. The right to nominate scholarship holders also lies exclusively with professors at German universities.
The linked documents on the funding measures are therefore available only in German.
Foundation activities
of the Stiftung Unternehmensfinanzierung und Kapitalmärkte für den Finanzstandort Deutschland
The sorting of the table can be individually adjusted by clicking on a different column heading (e.g. University). Here you can search freely in the table by entering your search term in the search field.
| Funding measure | Language | Subject of the funded work | Name of the funded researcher | University | Year of funding |
|---|---|---|---|---|---|
Promotion Award | EN | Summarized Disclosure of Risk Factors | Prof Dr Daniel Blaseg | Goethe-Universität Frankfurt | 2020 |
Printing costs grant | GER | Scrip Dividends – Rechtstatsächliche Bedeutung und rechtliche Grundlagen | Martin Berner | Albert-Ludwigs-Universität Freiburg | 2020 |
| Dissertation scholarship | GER | Die Sonderstellung des lnvestmentsteuerrechts – Eine kritische Würdigung des lnvestmentsteuerrechts im System des Unternehmensteuerrechts | Yannick Klecker | Universität Osnabrück | 2020 |
| Promotion Award | GER | Der gespaltene Emittent – Ad-hoc-Publizität, Schadenersatz und Wissenszurechnung | Prof Dr Chris Thomale | Universität Heidelberg | 2019 |
| Printing costs grant | GER | Bankenstrukturreformen in Deutschland und dem Vereinigten Königreich | Dr Theresa Kreft | Goethe-Universität Frankfurt | 2019 |
| Promotion Award | GER | Übernahmerechtliche Kontrolle. Formale und materielle Regelungsmodelle zwischen Anlegerschutz und Rechtssicherheit | Dr Felix Gegler | Universität Tübingen | 2018 |
| Printing costs grant | GER | Die Besteuerungssystematik von Kapitalanlagen – Geltendes Recht und Reformvorschlag für eine kohärente Kapitalanlagenbesteuerung | non-public | Universität Bayreuth | 2018 |
| Dissertation scholarship | GER | Die Regelungen über Derivate in MiFID II und MiFIR | non-public | Rheinische Friedrich-Wilhelms-Universität Bonn | 2017 |
| Promotion Award | GER | Verhaltenssteuerung durch Kausalitätsanforderungen – eine Antwort de lege lata auf Irreführungen von Anlegern am Sekundärmarkt | non-public | Humboldt-Universität zu Berlin | 2016 |
| Printing costs grant | GER | Anleihefinanzierung im eigentümergeführten deutschen Mittelstand – Eine theoretische und praktische Untersuchung von lnformationsasymmetrien | non-public | Technische Universität Chemnitz | 2016 |
| Promotion Award | EN | Systemic Risk and the Financial System | non-public | Ruhr-Universität Bochum | 2015 |