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Prof. Dr. Michael Hanke

Finance

Finanzdiagramm mit blauer und orangefarbener Linie auf Bildschirm.

The teaching and research programme of the Professorship for Finance, represented by Prof. Dr. Michael Hanke, covers various areas of quantitative finance. Application fields include derivatives, portfolio and risk management, exchange rates, retirement provision and pension financing, as well as financial crises and empirical finance (including political finance). Methodological focuses are on AI in finance, simulation, financial mathematics and optimisation.

 

We are also happy to serve as contact persons for transfer projects with practice in these areas.

Finanzdiagramm mit blauer und orangefarbener Linie auf Bildschirm.

The Professorship for Finance is involved in teaching in the Bachelor’s degree programme in Business Administration, the Master’s degree programme in Innovative Finance, as well as the doctoral programme in Business Administration. Additionally, we teach in various professional education programmes at the Liechtenstein Business School and the Liechtenstein Business Law School.

Exemplary of our research focus areas are some recent questions we have addressed:

  • What characteristics do financial markets exhibit before significant events such as elections or central bank announcements?
  • How high are risk premiums in financial markets for political events?
  • Can financial crises be predicted better with AI methods than with traditional approaches?
  • What changes are necessary for a sustainable orientation of the second pillar of the pension system in Liechtenstein?
  • Which factors influence the EUR/CHF exchange rate, and how do these influences change over time?
  • In which currency do crypto investors think?

Examples of Transfer Projects from Recent Years:

  • Currently: ErasmusPlus project “Financial Literacy for the Young” (development of an app to teach financial knowledge to young people)
  • ErasmusPlus projects in the area of saving and retirement provision, from which e-learning courses for students and the general public have emerged
  • Scientific support for projects of the government or ministries

The professorship is strongly engaged in research, which is an essential prerequisite for developing young academics. Our research findings are regularly published in renowned international journals, including the Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Financial Markets, Journal of Economic Dynamics and Control, European Journal of Operational Research, Quantitative Finance, Journal of Futures Markets and Journal of Derivatives. In addition to numerous dissertations, two habilitations (the highest academic qualification certifying eligibility for a professorship) have also emerged in recent years.

Degree Programmes

Bachelor in Business Administration
Studierende des Bachelorstudiums Betriebswirtschaftslehre der Universität Liechtenstein beteiligen sich aktiv an einer Vorlesung mit Fragerunde in moderner Hörsaalatmosphäre.
Master in Innovative Finance
Masterstudierende im Studiengang Innovative Finance der Universität Liechtenstein im Austausch bei einer Gruppenarbeit mit Laptop in moderner Lernumgebung.
Doctoral Programme in Business Economics
PhD Studierende der Universität Liechtenstein arbeiten mit Virtual Reality Technologie im Forschungslabor für Information Systems.

Research Projects

Energy Efficiency of LLM-generated Code

FFF-Funding Project
March 2025 until March 2026
This project addresses the energy efficiency of LLM generated code. Due to strong development cost savings arising from deployment of LLM for programming, understanding of energy efficiency of ... More

Innovative Approach to Kid's Cybersecurity Education: Empowering and Inspiring Educators for the Next Generation

Erasmus
September 2024 until August 2026
The indirect goal of the project is to educate youngsters about cybersecurity, safeguarding them from various digital threats. It also seeks to encourage kids to consider cybersecurity as a future ... More

IoT Sustainability Lab

Interreg-Project
April 2023 until March 2027
The IoT Sustainability Lab explores how the Internet of Things (IoT) can contribute to sustainable development in the Lake Constance region. Digital technologies can increase resource consumption, ... More

Sensor-based activity recognition for hand-held power tools at the construction site

PhD-Thesis
since February 2022
Nowadays, the construction sector still lacks transparency in terms of productivity, work progress and tool utilization on the job site. The ongoing digitalization of the construction industry is ... More

Security of Artificial Intelligence Systems in 5G Networks

PhD-Thesis
since February 2021
The adoption of the 5G technology in telecommunications and rapid growth in numbers, variety and density of connected devices raises serious security concerns. The increasing amount of network ... More

SAMLAF: Security Assessment of Machine Learning Applications in Finance

FFF-Funding Project
September 2023 until February 2025 (Completed)
Algorithmic trading has become a vital instrument in the financial services industry. Automatic decision making on financial markets with the help of intelligent algorithms enables traders to ... More

Hackers and AI: Investigating Hackers' Technical Innovation Through the Lens of Cyber Threat Intelligence and Natural Language Processing

PhD-Thesis
September 2021 until May 2025 (Completed)
The cyber threat landscape is constantly evolving, with new tools and technological advancements changing how adversaries conduct cyberattacks. With the progression of Artificial Intelligence (AI) ... More

Publications

Team Finance

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Prof. Dr. Michael Hanke
Dean - Liechtenstein Business School Professor - Finance
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Dr. rer. oec. Merlin Bartel
Postdoc - Finance
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Philine Berninger M.Sc.
Research Assistant / PhD Student - Finance
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Yvonne Domig
Leitende Koordinatorin - Dean's Office Liechtenstein Business School
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Janina Nicole Rischka B.A., M.A.
Assistant - Dean's Office Liechtenstein Business School
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Nicole Narobe
Assistant - Dean's Office Liechtenstein Business School
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Natalie Moosleithner B.A. M.Sc.
Assistant - Dean's Office Liechtenstein Business School
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Contact Us

Questions about the Professorship?

Prof. Dr. Michael Hanke
Dean - Liechtenstein Business School Professor - Finance
Email » +423 265 11 55 » Contact Details »
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