Successful Application for Research Funding

The Chair of Prof. Gomber (layer 2) successfully applied for external research funding to analyze the effects of the recently introduced requirement for banks and brokers to separate research services from execution services (so-called “research unbundling”). The two-year project, which is funded by the Frankfurt Institute for Risk Management and Regulation (FIRM), will particularly investigate whether the unbundling of research and execution services has unintended and potentially negative effects on capital costs and financing risks for small and medium-sized enterprises (SMEs).