Prof. Dr. André Küster Simic

Professor of Business Administration with a focus on Corporate Accounting / Finance

Short Profile

André Küster Simic has been Professor for General Business Administration Theory with a focus on Corporate Accounting at HSBA Hamburg School of Business Administration since 2004. In addition to his role at HSBA, he also lectures at various universities in Germany and abroad. Professor Küster Simic also manages Q&A Banner Küster Unternehmensberatung GmbH in Hamburg.

Professor Küster Simic studied business and economics at Universität Hamburg and completed his doctorate in the year 2000 on a German Research Foundation scholarship at theInstitute for Monetary and Capital Transactions on the topic of order book transparency, bidding and liquidity.

Professor Küster Simic’s academic expertise is complemented by his in-depth experience in the field and extensive know-how in all areas relating to business valuation. During his professional career, he has worked at Bertelsmann, then Deutsche Bank AG, Deutsche Börse, MCF Münchmeyer Corporate Finance GmbH and Atlantic Gesellschaft für Internationale Investitionen. 

Lectures

  • Financial Management
  • Investment
  • Financing
  • Business Taxation
  • Accounting
  • Financial Reporting
  • Controlling
  • Risk Management
  • Mathematics

Research Areas

  • Capital Markets
  • Financing and Investment
  • M&A
  • Business Valuation
  • Ship Financing

Doctoral Students

Former Doctoral Students

Publications

Working Papers

Küster Simic, André, Michael Grelck, Gül, Okan, and Janek Schönfeldt. 2026. "Branchenanalyse Textil- und Bekleidungsindustrie sowie Textile Dienstleistungen." Working Paper, Hans-Böckler-Stiftung, Januar 2026.

Küster Simic, André, and Janek Schönfeldt. 2023. "Bank Ownership, Monitoring and Debt: New Evidence from France, Germany, and the United Kingdom." Working Paper.

Küster-Simic, André, and Janek Schönfeldt. 2023. "Branchenanalyse Schmiedeindustrie – Struktur, Entwicklung und Zukunftschancen." Working Paper, Forschungsförderung No. 306, Hans-Böckler-Stiftung.

Lauenstein, Philipp, and André Küster-Simic. 2016. "Information Processing in Freight and Freight Forward Markets: An Event Study on OPEC Announcements." Working Paper, HSU Working Paper Series.

Küster Simic, André. 2016. "Return and Illiquidity: Empirical Evidence in German Financial Real Estate Markets." Working Paper.

Küster Simic, André, Stefan Prigge, and Federica Banse. 2011. "Valuation Quality of Evolving Secondary Markets for Formerly Illiquid Assets: The Case of German KG Ship Funds." Working Paper, HSBA Working Paper Series.

Küster Simic, André, Rowil Ponta, and Federica Banse. 2010. "Differenzierte Prognosen zu einem möglichen Gleichgewicht in dem Containerschifffahrtsmarkt." Working Paper, HSBA Working Paper Series.

Küster Simic, André, and Silke Gabriel. 2009. "Entwicklung eines Index für Schiffsbeteiligungen." Working Paper, HSBA Working Paper Series.

Küster Simic, André, Jens-Eric von Düsterlho, and Volker Endert. 2008. "Bewertung von Schiffsfonds: Brücke zwischen Theorie und Praxis." Working Paper, HSBA Working Paper Series.

Küster Simic, André, and Endert Volker. 2008. "Finanzierungsverhalten (von Banken) bei Schiffsfinanzierungen 'vor und nach Finanzkrise'." Working Paper, HSBA Working Paper Series.

Küster Simic, André, and Rasmus Thönnessen. 2008. "Geschlossene Schifffonds - Portfolio- und Marktrisiken - Eine empirische Untersuchung anhand von Zweitmarktkursdaten." Working Paper, HSBA Working Paper Series.

Küster Simic, André, Stefan Prigge, and Rasmus Thönnessen. 2008. "Informationseffizienz von Handelsplattformen für Schiffsfonds." Working Paper, HSBA Working Paper Series.

Küster Simic, André, Hartmut Schmidt, and Michael Schleef. 2003. "From Gravitational Pull to Abnormal Transaction Costs." Working Paper, Arbeitspapier zum Vortrag an der Zicklin School of Business, Baruch College, City University of New York.

Küster Simic, André. 1997. "Pre-trade Transparency, Risk of Nonexecution and Order Choice: Is There a Gravitational Pull Effect in the German Stock Market?" Working Paper, Arbeitspapier anlässlich des 6. Kolloquiums des DFG-Schwerpunkts "Effiziente Gestaltung von Finanzmärkten und Finanzinstitutionen".

Journal articles (peer-reviewed)

Frahm, G., C. Glöer, Küster Simic A., and M. Mönkemeyer. 2025. "Bank Monitoring, Agency Costs, and Corporate Financing Decisions: European Evidence." Review of Quantitative Finance and Accounting. https://doi.org/10.1007/s11156-025-01392-7.

link to Publication

Frahm, G., and A. Küster Simic. 2025. "The Interplay between Institutional Investors, Debt and Firm Value: Evidence from France, Germany and the UK." Multinational Finance Journal 27 (1): 21-67. https://sites.uwasa.fi/mfjuva/wp-content/blogs.dir/4/files/sites/231/2025/03/Frahm-et-al_2023.pdf.

link to Publication

Frahm, G., C. Glöer, and A. Küster Simic. 2025. "The Interplay between Institutional Investors, Debt and Firm Value: Evidence from France, Germany and the UK." Multinational Finance Journal 27 (1): 21-67. https://sites.uwasa.fi/mfjuva/wp-content/blogs.dir/4/files/sites/231/2025/03/Frahm-et-al_2023.pdf.

link to Publication

Paul, Thomas, Thomas Walther, and André Küster-Simic. 2022. "Empirical Analysis of the Illiquidity Premia of German Real Estate Securities." Financial Markets and Portfolio Management 36 (2): 203-260. https://doi.org/10.1007/s11408-021-00398-0.

link to Publication

Küster Simic, André, and Philipp Lauenstein. 2017. "Information Processing in Freight and Freight Forward Markets: An Event Study on OPEC Announcements." International Journal of Financial Markets and Derivatives 6 (2): 149. https://doi.org/10.1504/ijfmd.2017.10008835.

link to Publication

Küster Simic, André, Stefan Prigge, and Philipp Lauenstein. 2016. "Valuation Efficiency of Secondary Markets for Formerly Illiquid Assets: The Case of German KG Ship Funds." Multinationel Finance Journal 20: 127-179.

Küster Simic, André, and Silke Gabriel. 2009. "Entwicklung eines Index für Schiffsbeteiligungen." Der Finanzbetrieb 2009 (4): 214-217.

Küster Simic, André, and Rasmus Thönessen. 2008. "Geschlossene Schiffsfonds - Portfolio- und Marktrisiken - Eine empirische Untersuchung anhand von Zweitmarktkursdaten." Der Finanzbetrieb: 529-534.

Küster Simic, André, Hartmut Schmidt, and Michael Schleef. 2001. "Warentests für Handelsplattformen - Zur Anlegerfreiheit am Aktienmarkt." Zeitschrift für Bankrecht und Bankwirtschaft 13 (2): 69-83.

Küster Simic, André, and Hartmut Schmidt. 2000. "Zur Theorie der Geld-Brief-Spanne auf Anlegerauktionsmärkten: Der Einfluss der Orderbuchtransparenz auf die Abschlussunsicherheit." Finanzmärkte im Umbruch, Beiheft zu Kredit und Kapital 2000 (15): 137-172.

Küster Simic, André, and Hartmut Schmidt. 1999. "Kursverbesserung und Orderbuchtransparenz." Die Sparkasse 1999 (11): 524-532.

Küster Simic, André, and Adam Bolek. 1995. "Der Nutzen von Managed Futures für den Anleger." Die Bank 1995 (09): 521-524.

Küster-Simic, André, and Adam Bolek. 1995. "Die Bewertung und das Hedging mit dem BUND-Future." DTB Reporter 1995 (08): 2f.

Küster-Simic, André, and Adam Bolek. 1995. "Dynamisches Hedging mit Aktienoptionen." Ebert's Terminmarkt Magazin 1995 (12): 11-18.

Küster Simic, André, and Adam Bolek. 1995. "Orderbuchtransparenz, Abschlussunsicherheit und Bietverhalten. Eine Untersuchung zum Gravitational-pull-Effekt am deutschen Aktienmarkt." Ebert's Terminmarkt Magazin 1995(12) (12-16).

Küster-Simic, André, and Adam Bolek. 1995. "Valuation and Hedging with the BUND-Future." DTB Reporter 1995(12): 2f.

Journal articles (not peer-reviewed)

Küster Simic, André, and Thomas Paul. 2020. "Liquiditätsprämien von Immobilieninvestments unter der Lupe." Jahrbuch 2020/21.

Küster Simic, André, and Malte Knigge. 2018. "Der Stahlmarkt: Eine differenzierte Sichtweise auf Überkapazitäten – Konsolidierung durch Unternehmenszusammenschlüsse als Zukunftschance?" ifo Schnelldienst 71 (2): 9-11. https://www.cesifo-group.de/DocDL/sd-2018-2-2018-01-25.pdf.

link to Publication

Conference presentations

Küster Simic, André, and Thomas Pauls. 2018. "Empirical Analysis of Illiquidity Premia of German Real Estate Securities." Presented at IPAG Financial Management Conference, Paris, December 19, 2018.

Küster Simic, André, and Thomas Pauls. 2018. "Empirical Analysis of Illiquidity Premia of German Real Estate Securities." Presented at IPAG Financial Management Conference, Paris. December 12, 2018.

Prigge, Stefan, and André Küster Simic. 2012. "Valuation Quality of Evolving Secondary Markets for Formerly Illiquid Assets: The Case of German KG Ship Funds." Presented at Nineteenth Annual Conference of the Multinational Finance Society, June 26, 2012.

Prigge, Stefan, and André Küster Simic. 2012. "Valuation Quality of Evolving Secondary Markets for Formerly Illiquid Assets: The Case of German KG Ship Funds." Presented at Nineteenth Annual Conference of the Multinational Finance Society, 26.06.2012.

Prigge, Stefan, André Küster Simic, and Natalja Oboroswij. 2010. "Die Bewertungsqualität neu entstehender Zweitmärkte für geschlossene Schiffsfonds." Presented at Wettbewerb Finanzkompass des Finanzplatz Hamburg e.V., Hamburg, November 2, 2010.

Küster Simic, André. 1998. "Bietverhalten nach Einstellen attraktiver und umfangreicher Gebote in ein offenes Orderbuch." Presented at Arbeitspapier anlässlich des 8. Kolloquiums des DFG-Schwerpunkts "Effiziente Gestaltung von Finanzmärkten und Finanzinstitutionen", Oktober, 1998.

Conference proceedings

Küster Simic, André, and Volker Endert. 2009. "Finance Behaviour of Banks Concerning Ship Financing before and 'after' the Financial Crisis." In Trends in Container Shipping - Proceedings of the ISL Maritime Conference 2008, edited by B. Lempner and M. Zachcial. Bremen.

Book chapters

Küster Simic, André, Stefan Prigge, and Rasmus Thönessen. 2008. "Informationseffizienz von Handelsplattformen für Schiffsfonds." In Hamburger Börse 1558-2008: Trends im Börsenwesen, edited by Handelskammer Hamburg, 317-336. Hamburg.

Küster Simic, André, and Adam Bolek. 1999. "Die Bewertung des Euro-Bund-Future und das Hedging mit dem Euro-Bund-Future bei Kupon-Zahlungen während der Future- Laufzeit." In Die Hartmut-Schmidt-Schule gestern, heute und morgen. Hamburg.

Monographs and edited books

Küster Simic, André. 2001. Orderbuchtransparenz, Bietverhalten Und Liquidität. Wiesbaden: Deutscher Universitätsverlag.

Küster Simic, André. 1996. Finanzanalyse. Wiesbaden, Germany: Gabler Verlag.

Küster Simic, André. 1996. Innenfinanzierung. Wiesbaden, Germany: Gabler Verlag.