Marliese Uhrig-Homburg is Full Professor of Finance at the Karlsruhe Institute of Technology (KIT), holding the Endowed Chair (DZ BANK) of Financial Engineering and Derivates. She obtained a doctoral degree from University of Mannheim and completed her habilitation on ``The cost of debt, credit risk, and optimal capital structure'' in 2001. She is a leading expert in empirical asset pricing. Her research has focused on the role of derivatives and on measuring market frictions with their impact on asset prices, both on capital and energy/environmental markets. She exhibits a long-standing track record of research publications in top-rated journals such as Journal of Finance, Review of Financial Studies, or Journal of Financial and Quantitative Analysis.