Florian Eugster

Associate Professor at University of St. Gallen

SFI Faculty Member at Swiss Finance Institute

Schools

  • Executive School of Management, Technology and Law
  • Swiss Finance Institute
  • University of St. Gallen

Expertise

Links

Biography

University of St. Gallen

Florian Eugster joined the Department of Accounting in January 2014. He holds a PhD in Finance from University of Zurich (UZH). During his PhD studies he visited the Accounting Department of Rotman School of Management, University of Toronto with a Swiss National Science Foundation (SNSF) Fellowship. In 2014 he was awarded a Wallander scholarship for his dissertation.

He served at the Department of Banking and Finance UZH as a project manager in Value Reporting and was a member of the jury in the Swiss Annual Report contest.

In his dissertation he studied the role of corporate disclosures, accounting transparency and the management’s trustworthiness in capital markets and financing.

He teaches financial accounting, financial analysis and corporate valuation in the Bachelor and Masters programs, as well as in Executive Education programs. He holds a teaching skills certificate from the University of Zurich and served as project manager for e-learning courses during his PhD studies.

Research interest

Empirical accounting research with focus on voluntary disclosure quality, conflicts of interest of financial analysts, managerial honesty.

Working Papers

View some of my papers on: SSRN  (the other papers are available upon request)

  1. Endogeneity and the Dynamics of Voluntary Disclosure Quality: Is There Really an Effect on the Cost of Equity Capital?

    1. Voluntary Disclosure Quality, Operating Performance, and Stock Market Valuations, Swiss Finance,  Institute Research Paper No. 11-25, 2015 with Alexander F. Wagner.
    2. Financial Reporting Quality and the Reaction to Earnings Announcements, with Alexander F. Wagner 
    3. UK Annual Report Narratives and the Cost of Equity Capital, with Vasiliki Athanasakou (London School of Economics), Thomas Schleicher (Manchester Business School), and Martin Walker (Manchester
      Business School)
    4. Managers Personality Traits and Corporate Disclosure Outcomes, with. J-P. Kallunki (Oulu University), Henrik Nilsson (SSE), and Hanna Setterberg (SSE), 2016.
    5. Passive institutional investors and audit fees: Empirical evidence from the Russell index reconstitution, with Ting Dong (SSE, PhD-student).

Swiss Finance Institute

Florian Eugster is Associate Professor of Auditing and Director at the Institute of Accounting, Control, and Auditing at the University of St.Gallen. Prior to joining the University, Professor Eugster held positions at the Swedish School of Economics, and he has extensive experience with innovative teaching and learning concepts.

Expertise

Professor Eugster is focusing on how educational achievement impacts stock ownership. Although basic financial theory advises universal stock market participation, reality shows that households, even wealthy ones, typically do not own stock. Using data on the stock ownership of students enrolled in a business school in Sweden, he finds a significant increase in stock ownership during and after their studies compared to before they enter the school. Further analysis reveals that so-called motivated students, which specialized in finance and accounting, feature the highest ownership levels. Overall, these findings demonstrate that while financial literacy is essential, the role of individual motivation is equally important.

Courses Taught

Read about executive education

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