Marc Arnold

Marc Arnold is Professor of Corporate Finance and Director at the Institute of Accounting, Control and Auditing of the University of St.Gallen. Professor Arnold regularly presents his research at international seminars and conferences. The University and the Swiss National Science Foundation have awarded him several competitive grants.

Professor Arnold studies various corporate finance and investment topics. In recent work, he investigates how attention triggers impact financial risk-taking. This topic is highly relevant to today's digital environment, which overwhelms investors with emails, social media messages, and push notifications. Empirical data shows that attention triggers, such as push messages sent by a broker, significantly increase the risk-taking of retail investors. Further analysis suggests this result is even stronger for young males with low financial investment expertise. Overall, the results explain the tendency of millennials to invest in risky assets such as cryptocurrencies and the shares of tech firms.

• Financial Markets
  • Financial Crises
  • Information and Market Efficiency
• Portfolio Management and Asset Classes
  • Fixed Income
  • Options and Other Derivatives
  • Personal Finance and Household Choices
• Financial Institutions
  • Banks
• Corporate Finance and Governance
  • Bankruptcy and Liquidation
  • Capital Budgeting and Investment Policy
  • Corporate Governance and Managerial Compensation
  • Financial Risk and Risk Management
  • Financial Valuation
  • Financing Policy and Capital Structure
  • Mergers and Acquisitions