Professor Schäfer is the Chairholder of the Chair of Finance at the University of Stuttgart. Previous to his current occupation at the University he belonged to the top management in an international consulting firm specializing in Mergers as Senior Financial Consultant and in a major German bank. Prof. Schafer's main focus in research is on the valuation of assets, in particular regarding real options and non-financial parameters, economic analysis of networks, financing of start-ups and companies form the German "Mittelstand", and microeconomics. Particular relevance is given to research regarding "Sustainability & Finance". To date Prof. Schäfer has undertaken research and consulted several major well-known global firms. Among these are Daimler Chrysler, Bosch, Porsche, PricewaterhouseCoopers, Ernst & Young, KPMG, Bank, and LBBW.