Dr Katrin Gottschalk

Staff Profile Image of Katrin Gottschalk

Senior Lecturer in Finance

Phone: +64 9 921 9999 - extn: 5707

Email: katrin.gottschalk@aut.ac.nz


  • Certificate in Tertiary Teaching (CertTT), Auckland University of Technology
  • Chartered Financial Analyst (CFA), CFA Institute
  • Professional Risk Manager (PRM), Professional Risk Managers' International Association (PRMIA)
  • Financial Risk Manager (FRM), Global Association of Risk Professionals (GARP)
  • Doctor of Philosophy (Ph.D.) in Finance, University of Muenster, Germany
  • Master of Science (M.Sc.) in Business Economics, University of Tuebingen, Germany 
  • Master of Science (M.Sc.) in International Business Administration, University of Strasbourg, France
  • Bachelor of Science (B.Sc.) in International Economics, University of Tuebingen, Germany

Memberships and Affiliations:

  • CFA Institute
  • CFA Society New Zealand
  • Professional Risk Managers' International Association (PRMIA)
  • Global Association of Risk Professionals (GARP)
  • Financial Services Institute of Australasia (FINSIA)
  • Institute of Finance Professionals New Zealand Inc. (INFINZ)


Dr Katrin Gottschalk joined the Department of Finance at AUT's Faculty of Business and Law in February 2007. Katrin studied international economics and business administration in Germany (Tuebingen), Brazil (Rio de Janeiro), and France (Strasbourg). After graduating with a German and French Master’s degree, she was awarded a Deutsche Bank scholarship to pursue her doctoral studies. During this time, she also worked as a Research and Teaching Assistant at the Department of Finance and Capital Market Theory of the European University Viadrina in Frankfurt (Oder). Katrin obtained her PhD in Finance from the University of Muenster in 2007 for an investigation into political and institutional aspects of stock return dynamics.

Katrin has worked on a variety of international financial topics. In summer 2006, she was admitted as an Economist into the International Monetary Fund’s highly renowned Summer Internship Program in Washington, D.C. Katrin’s research findings have been published in international peer-reviewed journals and presented at top international conferences. Katrin has extensive teaching experience, having taught finance courses at undergraduate, graduate, and executive levels in Germany, Belarus, and New Zealand.

Katrin is a CFA charterholder, a Financial Risk Manager (FRM) certified by the Global Association of Risk Professionals (GARP), and a Professional Risk Manager (PRM) certified by the Professional Risk Managers' International Association (PRMIA). She has worked for CFA Institute and the CFA Society New Zealand in various capacities as a volunteer. At AUT, she advises student teams in the CFA Institute Research Challenge, an annual investment research competition.

Teaching Areas:

Expertise in Degree and Postgraduate Teaching

  • Asset Pricing
  • Financial Management 
  • International Finance
  • Portfolio Management

Interests in Research Supervision

  • Empirical Finance
  • Investment Strategies
  • Market Anomalies and Market Efficiency
  • Risk Management

Research Areas:

  • Behavioural Finance
  • Empirical Finance 
  • Credit Risk
  • Market Anomalies

Current Research Projects:

  • Stock Market Anomalies
  • Institutional Investors’ Trading Behaviour
  • Political Cycles in Stock Market Returns
  • Credit Default Swap Spreads


  1. Gottschalk, K. (2014): "Credit Spreads and Equity Volatility during Periods of Financial Turmoil", Applied Finance Letters, 3(1), 28-39.
  2. Da Fonseca, J., and K. Gottschalk (2014): "Cross-Hedging Strategies between CDS Spreads and Option Volatility during Crises", Journal of International Money and Finance, forthcoming. DOI: 10.1016/j.jimonfin.2014.03.010
  3. Da Fonseca, J., and K. Gottschalk (2013): "A Joint Analysis of the Term Structure of Credit Default Swap Spreads and the Implied Volatility Surface", Journal of Futures Markets, 33(6), 494-517.
  4. Bialkowski, J., K. Gottschalk, and T.P. Wisniewski (2008): "Stock market volatility around national elections", Journal of Banking & Finance, 32(9), 1941-1953.
  5. Bialkowski, J., K. Gottschalk, and T.P. Wisniewski (2007): "Political orientation of government and stock market returns", Applied Financial Economics Letters, 3(4), 269-273. 
  6. Bialkowski, J., K. Gottschalk, and T.P. Wisniewski (2007): "The Winds of Change: Are stock markets more volatile ahead of elections?", INFINZ Journal, 5/2007, 22-24.
  7. Bohl, M.T., and K. Gottschalk (2006): "International evidence on the Democrat premium and the presidential cycle effect", North American Journal of Economics and Finance, 17(2), 107-120.
  8. Bohl, M.T., and K. Gottschalk (2005): "Wetter- und Politikeffekte als neue Aktienmarktanomalien", WISU – das Wirtschaftsstudium, 34(6), 811-816.
  9. Bohl, M.T., and K. Gottschalk (2005): "Steht der deutsche Aktienmarkt unter politischem Einfluss?", Finanzbetrieb, 7(7-8), 517-523.


  • Dean's Award for Exceptional Contribution, AUT Business School, 2013
  • Faculty Award for Excellence in Teaching, AUT Business School, 2013
  • Honorable Mention, Asia-Pacic Association of Derivatives, Busan, 2012
  • Excellence in Student Centred Learning Award (Dean's Award), AUT Business School, 2009
  • Best Paper Award, Institute of Finance Professionals New Zealand Inc (INFINZ), 2007
  • Best Degree Award ("Werner-Diez-Preis"), Tubingen University/IECS Strasbourg, 2004

Last updated: 19-Feb-2015 8.52am

The information on this page was correct at time of publication. For a comprehensive overview of AUT qualifications, please refer to the Academic Calendar.