Klaus Spremann

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Klaus Spremann (born April 4, 1947 in Mittweida ) is a German economist . He is professor emeritus at the University of St. Gallen (HSG) and academic director of a research institute in Singapore. His areas of work are investment, financial and asset markets, risk and wealth management .

Scientific life

After graduating from Chiemgau-Gymnasium Traunstein , Klaus Spremann studied mathematics and computer science at the Technical University of Munich (TUM), where he became a research assistant and lecturer for mathematics. He then moved to the economics faculty of the University of Karlsruhe (KIT). His academic teachers are Wolfgang Eichhorn , Peter Gessner and Martin J. Beckmann .

Academic degrees: Graduate mathematician 1972 (TUM). Dr. rer. nat. 1973 (TUM). Habilitation 1975 (KIT). Professor 1978 (Baden-Württemberg). Dr. rer. pole. honoris causa, Faculty of Mathematics and Economics at the University of Ulm in 2008. After a substitute chair and a lectureship at KIT, Spremann held three chairs, for economics at the University of Ulm (1978–1990), for business administration at the University of St. Gallen (1990–1990). 2012), for International Finance at the University of Hong Kong (1993–1994). He served as an honorary professor at the University of Hong Kong (1995-2000), as a visiting professor at the UBC in Vancouver (1982), the National Tawan University (1987), the Karl-Franzens-University Innsbruck (2004). Further teaching activities: Singapore Management University , Shanghai Jao Tong University, WU Vienna , University of Liechtenstein , European University Viadrina , University of Graz , University Airlangga .

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Publications cover investment and finance, company valuation, portfolio management. In decision theory, the LEN model of the principal-agent relationship goes back to Spremann (independent and in 1987 at the same time as Bengt Holmstrom and Paul Milgrom). The decomposition of intergenerational contracts (1984), the implications of constant risk aversion (together with Günter Bamberg 1981), and early work on the application of dynamic optimization have also attracted attention.

The best known of his books are: 1. “Economy and finance” (6th edition 2013), 2. “Financial markets”, together with Pascal Gantenbein (2nd edition 2013), 3. “Entrepreneurial thinking between strategy and finance” , together with Burkhard Schwenker (2008).

At the University of Ulm, Klaus Spremann, together with Wolfgang B. Jurkat, was involved in setting up the business mathematics course and for several years was the Senate representative for the General Studies. At the University of St. Gallen (HSG) he was in charge of the exchange program between the HSG and SMU from 2008–2012 and the founding director (2011–2012) of the HSG in Singapore. The voluntary expert function for the Scuola Cantonale di Commercio di Bellinzona is also a public service .

Various practical projects, including: cost of capital (Daimler-Benz), development of process cost accounting (St. Galler Kantonalbank), financial constitution for a banking group (Raiffeisen), econometric study on payment transactions (Swiss Bankers Association), market-based return on capital (Federal Office of Communications), risk ruler (UBS) as well as topics in wealth management.

Individual evidence

  1. ↑ https://www.alexandria.unisg.ch/Personen/Klaus_Spremann Uni St.Gallen
  2. ↑ http://www.spremann.com/home
  3. ^ Klaus Spremann: Agent and Principal; in: G. Bamberg and K. Spremann: Agency Theory, Information, and Incentives, Springer Berlin 1987, pp. 3-38
  4. ↑ Bengt Homstrom and Paul Milgrom: Aggregation and Linearity in the Provision of Intertemporal Incentives. Econometrica 55 (1987), pp. 323-324
  5. ^ Klaus Spremann: Intergenerational Contracts and Their Decomposition. Journal of Economics 44 (1984) 3, pp. 23-37
  6. ^ Günter Bamberg and Klaus Spremann: Implications of Constant Risk Aversion. Journal for Operations Research, (1981), pp. 25-205
  7. ↑ http://link.springer.com/book/10.1007%2F978-3-540-85275-9#section=125895&page=1
  8. ↑ Wolfgang Jurkat and Klaus Spremann: New perspectives for mathematical talents: Ulm University offers business mathematics. Handelsblatt (May 4, 1978)
  9. ↑ Thomas Bieger : A pioneer of finance and internationalization for the HSG, in R. Frick, P. Gantenbein, P. Reichling (eds.), Asset Management, Bern 2012, pp.V-VI
  10. ↑ Roman Frick, Pascal Gantenbein, Peter Reichling: Klaus Spremann - Ein Portrait, in R. Frick, P. Gantenbein, P. Reichling (eds.): Asset Management, Bern 2012, pp. VII-XI

Web links

personal data
SURNAME Spremann, Klaus
BRIEF DESCRIPTION German economist
DATE OF BIRTH April 4, 1947
PLACE OF BIRTH Mittweida