Sasan MansouriCurriculum Vitæ

F.Wilhelm von Steuben Straße 90, APP IV,60488, Frankfurt a.M., Germany

H (+49) 015781284258B Sasan.Mansouri@hof.uni-frankfurt.de

Í www.sasanm.irBorn on 11th September 1991, Sabzevar, Iran

Education2014-present PhD in Economics, Goethe Universität Frankfurt am Main, Germany.

Graduate School of Economics, Finance & Management(GSEFM)Chair of Banking and Finance (Lehrstuhl für Bankbetriebslehre) - Prof. Dr. Mark Wahrenburg

2014-2017 Master of Science in Quantitative Economics, Goethe Universität Frankfurt am Main, Germany.Thesis Title: Textual Analysis of Earnings Confrence Calls; the Impact of Tone on Stock Returns

2010-2014 Bachelor in Petroleum Engineering, Sharif University of Technology, Tehran, Iran.Sharif University of Technology(SUT) is internationally reputed as the most excellent & prestigious university inIran.

2009 High School Diploma, Mathematics, National Organization for Development of Exceptional Talents(NODET), Sabzevar, Iran.

Experiences2015-16 Development for SAFE Systemic Financial Risk Platform(SFRP), Macroeconomic Measures-Early

Warning Indicators, SAFE Research Center, University Frankfurt am Main.Apr-Jul 2016 Internship, Concerto Financial Solutions GmbH, Fixed-income and Hybrid indices Development Team,

Frankfurt am Main.

Teaching Experiences2017-Present,for

4 SemestersTeaching Assistant of Master Course Mergers and Acquisitions, Dr.Mark Wahrenburg & Mr. JanP. Weidner, Goethe University Frankfurt

2013,14 -for 3Semesters

Teaching Assistant of Undergraduate Course Computer Programming Python, Dr.Sharareh Alipour,Sharif University of Technology Tehran Campus and International Campus

Teamwork Experiences2012 Exhibition Coordinator, 1st National Iranian Conference on Glass Technologies (1st NICGT), SUT,

Tehran.2011 Vice-chair, 20thNational Food Conference(20th NFC), SUT, Tehran, Iran.

Computer skillsProgramming Python (with focus on Machine Learning for Natural Language Processing (using

Tensorflow and Keras), Textual Analysis, and Web Crawling), MATLAB(includingGUI), STATA, Html, LATEX, Microsoft Office(including VBA)

Data Works SQL,Thomson Reuters Datastream,Bloomberg Terminal

Honors and Awards2015 Germany Scholarship (Deutschlandstipendium) 2015/162013 Ranked among top 10% students of the Department of Chemical and Petroleum Engineering, Sharif(SUT)2010 Ranked among the top 0.1 percent students in the Iranian University Entrance Exam

LanguagesPersian NativeEnglish FluentGerman Upper-intermediate Level B2 in Common European Framework of Reference for Languages

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Academic WorksWorking PapersLet me get back to you - The economics of not answering questions (joint with Andreas Barthand Fabian Woebbeking)

Abstract We analyse the economic relevance of orally conveyed information. Using a Multinominal InverseRegression (MNIR) Technique, we derive a novel dictionary capturing a manager’s intention to withholdinformation when answering analysts’ questions in earnings conference calls. We apply our dictionaryto contemporaneous stock market reactions after earnings conference calls. Obstructing the flow ofinformation leads to significantly lower cumulative abnormal returns following an earnings call, bothacross CEOs and within CEOs over time. Our metric is designed to be of general applicability for Q&Asituations, and hence, can be applied outside the contextual domain of earnings conference calls.

Corporate Culture and Banking (joint with Andreas Barth)Abstract This paper analyzes the role of corporate culture in the financial industry. Theoretical literature emphasizes

the role of corporate culture in the sorting process of workers into firms. We take this argument to theempirics and analyze whether banks that differ in their corporate culture use different compensationschemes in order to attract a specific type of workers. In a second step, we combine the role of corporateculture with the literature on CEO compensation and risk-taking and analyze empirically the impact ofcorporate culture on banks’ risk-taking as well as on banks’ performance. More precisely, we argue thatthe incentives arising from CEO compensation schemes are diluted once we control for the self-sortingmechanism of CEOs in firms with different corporate cultures. We find that CEOs of banks with astrong competition-oriented corporate culture have a larger share of variable payments in their totalcompensation. Moreover, we find that a more competition-oriented corporate culture is associated with ahigher credit risk as well as with a higher buy-and-hold stock market return.

How to talk down your stock returns (joint with Andreas Barth, Fabian Woebbeking, and SeverinZoergiebel)

Abstract We analyse how senior management’s ability to convey financial information affects the financial perfor-mance of large corporates. More specifically, we assess the effect of management blathering on abnormalstock returns during earnings conference calls. Using a measure for management blathering on a data setof S&P 500 firms in the period from 2005 to 2016, we show that higher blathering decreases cumulativeabnormal stock returns. This result is robust to controlling for management tone and earnings surprises.Hence, implying that a concise transmission of information is valued higher by stock investors than alengthy sales pitch.

Conference PresentationsInternational Finance and Banking Society (IFABS 2018 Porto Conference), Porto, June 30 - July 2, 201821st Annual Conference of the Swiss Society for Financial Market Research, Zurich, April 6, 2018Universitätsübergreifendes Doktorandenseminar, Eltville, November 17-18, 2017

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