Jasmin Gider
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Jasmin Gider
Assistant Professor at the Department Finance“Trying to get to the bottom of puzzling phenomena”
What is the main goal of your research?
In short, I am interested in understanding the two-way information link between financial markets and firms. What do managers learn from markets, what do markets learn from managers? How does the organization of trading in secondary markets affect information acquisition? How do different types of shareholders and other market participants contribute to price informativeness?
For example, in a current project together with my colleague Julio Crego we are trying to decrypt the information content of transactions by firm insiders. To that end, we develop a new option-based measure of scheduled news, which helps to tease apart whether the insiders exploit foreknowledge, or whether their trades convey additional information.
How does your research contribute to societal problems?
Informative prices in secondary markets are critical, because they determine whether economic resources are flowing to their most profitable use. In my research, I try to add to our understanding of the forces that drive price informativeness. Understanding these forces matters for corporate policies, but also for the design of the regulation of financial markets, securities trading and disclosure.
What is your main motive?
Trying to get to the bottom of puzzling phenomena – in the best case this yields the reward of uncovering a novel mechanism.
Who is your role model?
I am lucky to continuously meet impressive senior and junior colleagues along the way who inspire me and who I learn from. One particular professor, an analytical philosopher, who I met in my first year at university, has shaped my perception of academics a lot, as he is always on a mission to move beyond the obvious and the convenient, and dig deeper to the more profound. One of my most favorite advices he gave is to actively seek a state of being “mildly overwhelmed”, as this condition is most conducive to learning and growing new skills and knowledge.