Prof. Dr. Markus Schmid is Professor of Corporate Finance at the University of St.Gallen and a member of the Board of Directors of the Swiss Institute of Banking and Finance. He studied economics at the University of Basel, where he received his doctorate in 2004. After a post-doctoral position at the Leonard N. Stern School of Business at New York University, he was assistant professor at the University of St.Gallen, where he habilitated in 2010. He then held the endowed chair for Corporate Governance at the University of Mannheim. His scientific interests lie in the areas of empirical corporate finance, corporate governance and household finance. His academic work has been published in leading finance journals, including Review of Financial Studies, Journal of Financial Economics, Review of Finance and Management Science. He is a member of numerous research societies and Vice President of the Swiss Society for Financial Market Research. Since 2012 he has been Managing Editor of the journal "Financial Markets and Portfolio Management".