Lutz Johanning

Prof. Dr. Lutz Johanning holds the Chair of Empirical Capital Market Research at WHU – Otto Beisheim School of Management in Vallendar, Germany, where he has been a full professor since 2007. He is affiliated with the Finance and Accounting Group within the Department of Economics at this prestigious business school. His professional roles extend beyond academia as he serves on supervisory boards of XTP AG, Source For Alpha AG and credX AG, and participates in the Börsenrat of Eurex Deutschland.

Professor Johanning's research interests focus on empirical capital market phenomena with particular expertise in several interconnected areas. His work examines empirical capital market research, market microstructure, best execution practices, financial risk management (particularly Value-at-Risk applications), asset pricing, and behavioral/ emotional finance. His research consistently bridges theoretical frameworks with practical applications in investment management and regulatory contexts.

The analysis of his publication record reveals a consistent research trajectory centered on risk measurement and market efficiency. His work demonstrates evolving focus from foundational Value-at-Risk applications in the 1990s toward more nuanced examinations of transaction costs, best execution practices, and the behavioral dimensions of finance in recent years. His publications span rigorous academic journals, industry reports, and contributions to major financial handbooks, reflecting his ability to bridge academic and practitioner audiences.

• Member of Consultative Expert Group advising European Securities and Markets Authority (ESMA), European Banking Authority (EBA), and European Insurance and Occupational Pensions Authority (EIOPA) on PRIIPs regulation implementation since January 2015
• Member of advisory boards including Verband unabhängiger Vermögensverwalter e.V. (VuV), Deutscher Derivate Verband (DDV), European Finance Forum (EFF), and Frankfurt Institute of Risk Management and Regulation (FIRM)

Professor Johanning actively supervises academic work at WHU, with his chair supporting submissions to Junior Management Science (JUMS) for potential publication. His professional network extends across regulatory bodies, financial institutions, and academic circles, creating a rich ecosystem for applied finance research. The chair's recent work on structured products and neo-brokers demonstrates ongoing engagement with contemporary market developments and technological innovations in finance.