Gerhard Speckbacher

o. Univ.-Prof. Dipl. Math. oec. Dr. Gerhard Speckbacher
o. Univ.-Prof. Dipl. Math. oec. Dr. Gerhard Speckbacher

Department- & Institutsvorstand

Educa­tion and Previous Posi­tions

Gerhard Speck­ba­cher studied Mathe­ma­tics, Econo­mics and Philo­sophy and earned a Diploma degree in Mathe­ma­tics/Econo­mics, a PhD in Econo­mics (Thesis “Public Pension Schemes and Inter­ge­ne­ra­tional Justice”) and a Habi­li­ta­tion degree in Econo­mics and Busi­ness (Stake­holder Theory, New Insti­tu­tional Econo­mics, and Theory of the Firm) at the Univer­sity of Ulm.   Before joining WU, Gerhard Speck­ba­cher has been Full Professor for Accoun­ting at the Catholic Univer­sity of Eich­stätt and Professor for General Manage­ment at the Erns­t-­Mo­rit­z-Arndt Univer­sity of Greifs­wald. He worked as Visiting Rese­ar­cher at numerous Univer­si­ties in Europe, North America and Australia.


For his teaching Gerhard Speck­ba­cher has received the Austrian State Award for Excel­lent Teaching, "Ars Docendi 2016", WU’s Excel­lent Teaching Award, the Univer­sity of Ulm Teaching Award and the “WU ÖH Best Under­gra­duate Lecturer Award”.

Gerhard Speck­ba­cher teaches classes on General Manage­ment, Stra­tegy Imple­men­ta­tion, Perfor­mance Manage­ment, and Manage­ment Control. From 2007-2011 he has been director of the MBA Program Control­ling & Finance. Since 2000 he directs the specia­liza­tion in Stra­tegic Manage­ment and Manage­ment Control (SBWL Unter­neh­mens­füh­rung) which has repea­tedly been the best rated specia­liza­tion at WU accor­ding to student and alumni surveys. He served in WU’s stee­ring committee to develop the new WU Bachelor program and co-de­si­gned and co-di­rects WU’s Master program Stra­tegy, Inno­va­tion and Manage­ment Control. He initiated and imple­mented WUs intro­duc­tory course to Busi­ness (“Einfüh­rung in die BWL”) which is based on a new concept of “proble­m-­based learning.” He teaches this course to groups of 2.000-3.000 students using a range of inter­ac­tive teaching and blended learning concepts which have earned several teaching awards.

The Insti­tute of Stra­tegic Manage­ment and Manage­ment Control, headed by Gerhard Speck­ba­cher, has laun­ched a range of initia­tives in inno­va­tive teaching:

  • “Busi­ness Project Semi­nars” for groups of 20-30 students where students prac­tically apply their theo­re­tical know­ledge and act as “real world consul­tants” for Austrian and inter­na­tional orga­niza­t­ions. Such project semi­nars have been conducted for Austrian Airlines, Axa Vienna, A1 Telekom, Boeh­ler-Ud­de­holm, NXP, OMV, Palfinger, Philips Eind­hoven, Unilever Austria, Johan­niter Wien, Wirt­schafts­kammer Wien, ÖBB, ÖGB. Since 2011 such semi­nars are offered for mixed groups of Master and Bachelor students, where Master students take respon­si­bi­lity for small groups of Bachelor students. Master and Bachelor students’ common prac­tical expe­ri­ence within these projects is used in-class to discuss and develop respon­sible leadership and team­wor­king skills.

  • The “Consul­ting Part­nership Program”, a program where students do real world case studies coached by leading Stra­tegy Consul­tants such as McKinsey, Stra­tegy&/Booz & Co., BCG, AT Kearney and Roland Berger

  • “IfU Diens­tags­bier” a weekly event where students meet Austrian Top Mana­gers.

  • The “Inter­na­tional ERMAC Summer School and Rese­arch Confe­rence”, an inter­na­tional profes­sional deve­lop­ment program for excel­lent PhD students and young rese­ar­chers.

For more than ten years Gerhard Speck­ba­cher has directed WU’s support program for outstan­ding under­gra­duate students (WU Top League), since 2009 he directs the Center of Excel­lence for the best students from WU’s Master programs.

Gerhard Speck­ba­cher is Alumnus of the ITP Program, a facul­ty­-­de­ve­lop­ment program arranged by the Inter­na­tional Schools of Busi­ness Manage­ment (ISBM) and origi­nated by Harvard Busi­ness School. He completed the ITP program at IMD Lausanne. More­over, he has been member of several accredi­ta­tion teams for inter­na­tional Busi­ness Schools and programs.


For his rese­arch Gerhard Speck­ba­cher has received several awards such as the “Nonprofit Manage­ment and Leadership Best Cont­ri­bu­tion Rese­arch Award” (Los Angeles, USA), the “VMI-A­ward” (Univer­sity of Mann­heim, Germany), the “Senator Wilfing Rese­arch Award” (Vienna, Austria), the “Erste Bank Rese­arch Award” (Vienna, Austria) and the Nonprofit and Volun­tary Sector Quar­terly Best Paper Award (Denver, USA).

For almost 10 years Gerhard Speck­ba­cher served as an Editor of the Journal für Betriebs­wirt­schaft/Manage­ment Review Quar­terly; he is serving on several edito­rial boards and acts as a regular reviewer for the leading jour­nals in his field.

Areas of exper­tise in rese­arch:

Manage­ment Control/Perfor­mance Measu­re­ment (selected publi­ca­tions)

  • The Cost of Crea­ti­vity: A Control Perspec­tive. Accoun­ting, Orga­niza­t­ions and Society 48, 31-42, 2016 (with I. Grabner).

  • The Impact of Family Control on the Use of Perfor­mance Measures in Stra­tegic Target Setting and Incen­tive Compen­sa­tion. Manage­ment Accoun­ting Rese­arch 23 (1), 34-46, 2012 (with P. Wentges).

  • A Descrip­tive Analysis on the Imple­men­ta­tion of Balanced Score­cards in German-­Spea­king Coun­tries. Manage­ment Accoun­ting Rese­arch 14, 361-387, 2003 (with J. Bischof, T. Pfeiffer)  

Stra­tegy and Stake­holder Manage­ment (selected publi­ca­tions)

  • Resource Rela­ted­ness and the Mode of Entry into New Busi­nesses: Internal Resource Accu­mu­la­tion vs. Access by Colla­bo­ra­tive Arran­ge­ment. Stra­tegic Manage­ment Journal 36, 1675-1687, 2015 (with W. Hoff­mann and K. Neumann).

  • The Effect of Inter­or­ga­niza­t­ional Trust on Make-or-­Co­ope­rate Deci­sions: Disent­ang­ling Oppor­tu­nis­m-­de­pen­dent and Oppor­tu­nis­m-in­de­pen­dent Effects of Trust. Euro­pean Manage­ment Review 7 (2), 101-115, 2010 (with W. Hoff­mann, K. Neumann).

  • A Note on Stake­holder Theory and Risk: Impli­ca­tions for Corpo­rate Cash Holdings and Divi­dend Policy. Fron­tiers in Finance and Econo­mics 6 (1), 51-72, 2009 (with P. Wentges).

Manage­ment of Nonprofit Orga­niza­t­ions (selected publi­ca­tions)

  • The Use of Incen­tives in Nonprofit Orga­niza­t­ions. Nonprofit and Volun­tary Sector Quar­terly 42(5), 1006-1025, 2013.

  • Nonprofit versus Corpo­rate Gover­nance: An Economic Approach. Nonprofit Manage­ment and Leadership 18 (3), 295-320, 2006.

  • The Econo­mics of Perfor­mance Manage­ment in Nonprofit Orga­niza­t­ions. Nonprofit Manage­ment and Leadership, 13, 3, 267-281, 2003.

Micro­eco­no­mics and Sustainable Invest­ment/Growth (selected publi­ca­tions)

  • Compa­ring finan­cial invest­ments by their state depen­dent returns: A one-way log utility repre­sen­ta­tion. Euro­pean Journal of Opera­tional Rese­arch (EJOR) 193, 323-326, 2009.

  • Utility Maxi­miza­tion Under Capital Growth Cons­traints. Journal of Mathe­ma­tical Econo­mics 33 (1), 1-12, 2000 (with K. Hellwig, P. Wentges).

  • Present Value Based Port­folio Choice. Econo­mics Letters, 44, 261-265, 1994 (with S.H. Friis).

Transfer of Rese­arch into Prac­tice

Gerhard Speck­ba­cher is regu­larly provi­ding his consul­ting services to various Austrian and inter­na­tional firms as well as nonprofit orga­niza­t­ions and public insti­tu­tions such as the Austrian Ministry of Finance.

For more than 10 years Gerhard Speck­ba­cher has been co-or­ga­ni­zing the IfU Dialog (toge­ther with J. Risak), a monthly event at WU where top mana­gers of leading Austrian and inter­na­tional firms discuss with manage­ment rese­ar­chers today’s stra­tegic manage­ment chal­lenges.

Since 2015, Gerhard Speck­ba­cher co-or­ga­nizes the Thought Bridge toge­ther with the Austrian Control­lers’ Insti­tute (ÖCI), an event where the leading rese­ar­chers in Stra­tegy, Finance and Manage­ment discuss future chal­lenges with top execu­tives.

Gerhard Speck­ba­cher is Deputy Head of the super­vi­sory board of the Austrian Control­lers’ Insti­tute (ÖCI) as well as a board member of Uniforce (Consul­ting Company run by students) and AIESEC Austria (Inter­na­tional Students’ Orga­niza­tion).