Oliver Spalt is a prominent figure in the field of finance, known for his research and contributions to corporate finance, asset pricing, and behavioral finance. He is currently a Professor of Finance at the Frankfurt School of Finance & Management, where he also holds the endowed Chair of Finance and serves as the Academic Director of the PhD Program in Finance. Spalt’s research delves into the intricacies of how psychological biases influence investment decisions and market outcomes. He examines how factors like overconfidence, loss aversion, and herding behavior affect asset prices, corporate investment policies, and managerial decisions. This intersection of psychology and finance provides valuable insights into market anomalies and helps explain why markets sometimes deviate from traditional rational expectations models. One area of Spalt’s research focuses on understanding how corporate investment decisions are affected by behavioral biases. He investigates whether executives, influenced by their own overconfidence or by short-term market pressures, make suboptimal investment choices. His work in this area often analyzes the impact of managerial characteristics and corporate governance structures on investment efficiency. Another key aspect of his research explores the role of behavioral biases in asset pricing. He investigates how investor sentiment and psychological biases contribute to stock market volatility, price bubbles, and other deviations from fundamental value. His work often uses sophisticated econometric techniques to identify and quantify the effects of these biases on asset prices. Spalt’s publications appear in top-tier academic journals in finance and economics, including the *Journal of Financial Economics*, the *Review of Financial Studies*, the *Journal of Finance*, and the *Journal of Financial and Quantitative Analysis*. His research is widely cited and has influenced the thinking of both academics and practitioners in the finance industry. Beyond his academic work, Spalt is also involved in practical applications of finance. He advises institutional investors and corporations on investment strategies and risk management. His expertise in behavioral finance is particularly valuable in helping these entities understand and mitigate the impact of psychological biases on their investment decisions. He frequently presents at industry conferences and workshops, sharing his research insights and engaging with professionals in the field. Furthermore, Spalt plays a crucial role in shaping the next generation of finance professionals through his teaching and mentoring activities. He is committed to training PhD students and providing them with the necessary skills to conduct cutting-edge research in finance. His contributions to both academic research and practical applications solidify his position as a leading figure in the field of finance. He continues to contribute significantly to understanding the complex interplay between finance and human behavior.