Calendar

Six fields around WiWi Bachelor. 1.: Data, Decisions & Economic Policy, 2: Business Analytics & Operations Management, 3.: Finance, Accounting, Controlling, Taxation, 4.: Financial Markets & Financial Economics, 5.: Global Management, Marketing & Human Resources, 6.: Technology, Entrepreneurship & Digitization.

01-13 – 01-13 | start 04:00 pm

Bachelor Information Event I

01-14 – 01-14 | start 02:00 pm

Disputation Alexander Ewertz, M.A.

01-15 – 01-15 | start 12:00 pm

How we study

01-17 – 01-17 | start 10:00 am

100 Days at TU Dortmund University - 100 days Business Administration and Economics!

Six fields around WiWi Bachelor. 1.: Data, Decisions & Economic Policy, 2: Business Analytics & Operations Management, 3.: Finance, Accounting, Controlling, Taxation, 4.: Financial Markets & Financial Economics, 5.: Global Management, Marketing & Human Resources, 6.: Technology, Entrepreneurship & Digitization.

01-20 – 01-20 | start 04:00 pm

Bachelor Information Event II

01-22 | 04:00 pm

Higher Education Research Colloquium

Location & approach

By car

The campus of TU Dortmund University is located close to interstate junction Dortmund West, where the Sauerlandlinie A 45 (Frankfurt-Dortmund) crosses the Ruhrschnellweg B 1 / A 40. The best interstate exit to take from A 45 is "Dortmund-Eichlinghofen" (closer to Campus Süd), and from B 1 / A 40 "Dortmund-Dorstfeld" (closer to Campus Nord). Signs for the university are located at both exits. Also, there is a new exit before you pass over the B 1-bridge leading into Dortmund.

To get from Campus Nord to Campus Süd by car, there is the connection via Vogelpothsweg/Baroper Straße. We recommend you leave your car on one of the parking lots at Campus Nord and use the H-Bahn (suspended monorail system), which conveniently connects the two campuses.

By bus, subway and train

TU Dortmund University has its own train station ("Dortmund Universität"). From there, suburban trains (S-Bahn) leave for Dortmund main station ("Dortmund Hauptbahnhof") and Düsseldorf main station via the "Düsseldorf Airport Train Station" (take S-Bahn number 1, which leaves every 20 or 30 minutes). The university is easily reached from Bochum, Essen, Mülheim an der Ruhr and Duisburg.

You can also take the bus or subway train from Dortmund city to the university: From Dortmund main station, you can take any train bound for the Station "Stadtgarten", usually lines U41, U45, U 47 and U49. At "Stadtgarten" you switch trains and get on line U42 towards "Hombruch". Look out for the Station "An der Palmweide". From the bus stop just across the road, busses bound for TU Dortmund University leave every ten minutes (445, 447 and 462). Another option is to take the subway routes U41, U45, U47 and U49 from Dortmund main station to the stop "Dortmund Kampstraße". From there, take U43 or U44 to the stop "Dortmund Wittener Straße". Switch to bus line 447 and get off at "Dortmund Universität S".

The H-Bahn (Suspended Monorail System)

The H-Bahn is one of the hallmarks of TU Dortmund University. There are two stations on Campus Nord. One ("Dortmund Universität S") is directly located at the suburban train stop, which connects the university directly with the city of Dortmund and the rest of the Ruhr Area. Also from this station, there are connections to the "Technologiepark" and (via Campus Süd) Eichlinghofen. The other station is located at the dining hall at Campus Nord and offers a direct connection to Campus Süd every five minutes.

By airplane

The AirportExpress is a fast and convenient means of transport from Dortmund Airport (DTM) to Dortmund Central Station, taking you there in little more than 20 minutes. From Dortmund Central Station, you can continue to the university campus by interurban railway (S-Bahn). A larger range of international flight connections is offered at Düsseldorf Airport (DUS), which is about 60 kilometres away and can be directly reached by S-Bahn from the university station.

At campus

The departments of TU Dortmund University are spread over two campuses, the larger Campus North and the smaller Campus South. Additionally, some areas of the university are located in the adjacent "Technologiepark".

Navigation and Maps

Streetnavigation from and to TU Dortmund University:

OpenStreetMap Routing Machine

The document and the graphic represent the motorways and federal highways around the TU Dortmund University in a very simplified way:

Environment map (PDF)

Environment map (graphic)

This interactive map helps you find and navigate between facilities and buildings on campus:

Interactive campus map

This document contains a simple campus map in German and English:

Campus map (PDF)

ServicePortal UniMail

Contrast Deutsch

Calendar

Six fields around WiWi Bachelor. 1.: Data, Decisions & Economic Policy, 2: Business Analytics & Operations Management, 3.: Finance, Accounting, Controlling, Taxation, 4.: Financial Markets & Financial Economics, 5.: Global Management, Marketing & Human Resources, 6.: Technology, Entrepreneurship & Digitization.

01-13 – 01-13 | start 04:00 pm

Bachelor Information Event I

01-14 – 01-14 | start 02:00 pm

Disputation Alexander Ewertz, M.A.

01-15 – 01-15 | start 12:00 pm

How we study

01-17 – 01-17 | start 10:00 am

100 Days at TU Dortmund University - 100 days Business Administration and Economics!

Six fields around WiWi Bachelor. 1.: Data, Decisions & Economic Policy, 2: Business Analytics & Operations Management, 3.: Finance, Accounting, Controlling, Taxation, 4.: Financial Markets & Financial Economics, 5.: Global Management, Marketing & Human Resources, 6.: Technology, Entrepreneurship & Digitization.

01-20 – 01-20 | start 04:00 pm

Bachelor Information Event II

01-22 | 04:00 pm

Higher Education Research Colloquium

Location & approach

By car

The campus of TU Dortmund University is located close to interstate junction Dortmund West, where the Sauerlandlinie A 45 (Frankfurt-Dortmund) crosses the Ruhrschnellweg B 1 / A 40. The best interstate exit to take from A 45 is "Dortmund-Eichlinghofen" (closer to Campus Süd), and from B 1 / A 40 "Dortmund-Dorstfeld" (closer to Campus Nord). Signs for the university are located at both exits. Also, there is a new exit before you pass over the B 1-bridge leading into Dortmund.

To get from Campus Nord to Campus Süd by car, there is the connection via Vogelpothsweg/Baroper Straße. We recommend you leave your car on one of the parking lots at Campus Nord and use the H-Bahn (suspended monorail system), which conveniently connects the two campuses.

By bus, subway and train

TU Dortmund University has its own train station ("Dortmund Universität"). From there, suburban trains (S-Bahn) leave for Dortmund main station ("Dortmund Hauptbahnhof") and Düsseldorf main station via the "Düsseldorf Airport Train Station" (take S-Bahn number 1, which leaves every 20 or 30 minutes). The university is easily reached from Bochum, Essen, Mülheim an der Ruhr and Duisburg.

You can also take the bus or subway train from Dortmund city to the university: From Dortmund main station, you can take any train bound for the Station "Stadtgarten", usually lines U41, U45, U 47 and U49. At "Stadtgarten" you switch trains and get on line U42 towards "Hombruch". Look out for the Station "An der Palmweide". From the bus stop just across the road, busses bound for TU Dortmund University leave every ten minutes (445, 447 and 462). Another option is to take the subway routes U41, U45, U47 and U49 from Dortmund main station to the stop "Dortmund Kampstraße". From there, take U43 or U44 to the stop "Dortmund Wittener Straße". Switch to bus line 447 and get off at "Dortmund Universität S".

The H-Bahn (Suspended Monorail System)

The H-Bahn is one of the hallmarks of TU Dortmund University. There are two stations on Campus Nord. One ("Dortmund Universität S") is directly located at the suburban train stop, which connects the university directly with the city of Dortmund and the rest of the Ruhr Area. Also from this station, there are connections to the "Technologiepark" and (via Campus Süd) Eichlinghofen. The other station is located at the dining hall at Campus Nord and offers a direct connection to Campus Süd every five minutes.

By airplane

The AirportExpress is a fast and convenient means of transport from Dortmund Airport (DTM) to Dortmund Central Station, taking you there in little more than 20 minutes. From Dortmund Central Station, you can continue to the university campus by interurban railway (S-Bahn). A larger range of international flight connections is offered at Düsseldorf Airport (DUS), which is about 60 kilometres away and can be directly reached by S-Bahn from the university station.

At campus

The departments of TU Dortmund University are spread over two campuses, the larger Campus North and the smaller Campus South. Additionally, some areas of the university are located in the adjacent "Technologiepark".

Navigation and Maps

Streetnavigation from and to TU Dortmund University:

OpenStreetMap Routing Machine

The document and the graphic represent the motorways and federal highways around the TU Dortmund University in a very simplified way:

Environment map (PDF)

Environment map (graphic)

This interactive map helps you find and navigate between facilities and buildings on campus:

Interactive campus map

This document contains a simple campus map in German and English:

Campus map (PDF)

ServicePortal UniMail

Finance

Publication in the Journal of Banking & Finance

04/10/2024

Publication in the Journal of Banking & Finance

Dr. Gerrit Köchling, Dr. Daniel Neukirchen, Prof. Dr. Peter N. Posch, and Prof. Dr. Douglas Cumming publish their paper "How does corporate culture affect IPO price formation?" in the Journal of Banking & Finance.

Open Access link:
https://www.sciencedirect.com/science/article/pii/S0378426624000785

Abstract:
We examine the relationship between corporate culture and initial public offering (IPO) price formation. Using a sample of 935 US IPOs and data on corporate culture from Li et al. (2021b), we find that IPOs of strong culture firms are associated with more positive price revisions and higher initial returns, i.e., more underpricing. These findings hold using an alternative measure of corporate culture, matched samples, and a large set of control variables. Consistent with key theories, the effects appear to be driven by underwriters deliberately compensating investors for revealing information about their perceptions of the firm's culture during bookbuilding.

Zitation:
Cumming, D., Köchling, G., Neukirchen, D., & Posch, P. N. (2024). How Does Corporate Culture Affect IPO Price Formation?. Journal of Banking & Finance, 107158.