Prof. Dr. Dr. Paul P. Momtaz
Please note that Professor Paul Momtaz is no longer affiliated with the TUM School of Management.
We continue to offer supervision for theses, project studies, and interdisciplinary projects (IDPs).
Students interested in topics such as Web3, blockchain, fintech, machine learning, and asset management are encouraged to visit our website under “For students” section for detailed information on application procedures and available research areas.
If you have any questions or inquiries, please contact Eric Buddensiek or Ye Yuan.
Research Interests
Professor Momtaz's primary research interest is in decentralized markets, platforms, and organizations (often related to crypto and blockchain). Professor Momtaz's research focuses on value creation, appropriation, and competition in decentralized settings, and empirically assesses the aggregate efficiency of decentralized markets. His secondary research interests are in the intersection of corporate strategy and finance (e.g., mergers and acquisitions, private equity, firm value and performance), labor and innovation, entrepreneurship and entrepreneurial finance, ESG/sustainability, and emotions and affective decision-making.
Key Publications
Financing Sustainable Entrepreneurship: ESG Measurement, Valuation, and Performance
Journal of Business Venturing, 2022 (with S. Mansouri)
The CEO Beauty Premium
Strategic Entrepreneurship Journal, 2022 (with M. G. Colombo, C. Fisch, S. Vismara)
The Economics of Law Enforcement: Quasi-Experimental Evidence from Corporate Takeover Law
Journal of Corporate Finance, 2021 (with G. Dissanaike, W. Drobetz, J. Rocholl)
- Lead Article
- Nominated for best paper award (Financial Management Association)
CEO Emotions and Firm Valuation in Initial Coin Offerings: An Artificial Emotional Intelligence Approach
Strategic Management Journal, 2021
Entrepreneurial Finance and Moral Hazard: Evidence from Token Offerings
Journal of Business Venturing, 2021
Institutional Investors and Post-ICO Performance: An Empirical Analysis of Investor Returns in Initial Coin Offerings (ICOs)
Journal of Corporate Finance, 2020 (with C. Fisch)
Antitakeover Provisions and Firm Value: New Evidence from the M&A Market
Journal of Corporate Finance, 2020 (with W. Drobetz)
Competition Policy and the Profitability of Corporate Acquisitions
Journal of Corporate Finance, 2020 (with G. Dissanaike and W. Drobetz)
- Nominated for best paper award (Financial Management Association)
Initial Coin Offerings
PLOS ONE, 2020