Prof. Dr. Axel Hellmann

Department of Business and Economics
Professor for International Corporate Finance

T: +49 (0)30 30877-1123
E: lexahe(at)

Visitor's address
Schöneberg Campus
Building B
Room 355
Badensche Straße 50-51
10825 Berlin

Postal address
Hochschule für Wirtschaft und Recht Berlin
Schöneberg Campus
Badensche Straße 52
10825 Berlin


Academic and Professional Career

  • 1972: MBA, University of Hawaii, USA
  • 1973: Diploma in Engineering, Faculty of Industrial Engineering at the TU Berlin
  • 1976: Visiting fellow, Alfred P. Sloan School, Massachusetts Institute of Technology (M.I.T.), Cambridge, USA
  • 1974-1979: Research Assistant in the Faculty of Economics at the TU Berlin
  • 1979-1983: Project engineer / Departmental Head at the Berlin Verkehrs-Consulting (BVC) GmbH (a consulting firm specialising in transport)
  • 1983-1988: Company officer and branch office manager of the Studien-gesellschaft Verkehr (SNV) Berlin-Hamburg-North-Rhine Westphalia (an association providing transport consultancy)
  • 1984: Doctorate in Engineering, Faculty of Economics at TU Berlin
  • 1989-1993: Sole CEO of the GEWU-Consult GmbH, Berlin (a consulting firm specialising in energy, the economy and the environment), a subsidiary of Thyssen, AEG, SNI and STRABAG.
  • Since 1993: Professor of International Financial Management at the Berlin School of Economics and Law (formerly FHW Berlin)

Key Aspects of practise

  • Transport technology
  • Information technology
  • Transport logistics
  • Environmental technology
  • Business Management studies

International contacts (e. g.)

  • 1983, 86, 89, 90: Headquarters of Egyptian National Railways, Cairo, Egypt
  • 1983: Ministry of Transport, Queensland, Australia
  • 1983: Ministry of Transport, Gaborone, Botswana
  • 1987: Ministry of Technology - BPP Teknologi, Jakarta, Indonesia
  • 1990: Ministry of Railways - Railway Board - New Delhi, India
  • 1990: Ministry of Tourism and Wildlife, Nairobi, Kenya
  • 1992: U.S. Department of Transportation, Washington D.C., USA; CITE California Institute for Technology Exchange, Los Angeles, USA
  • 1993: Ministry of Works, Dar Es Salaam, Tanzania
  • 1993: Bank of Uganda, Kampala, Uganda
  • 1996: Ministry of Planning and Investment, Hanoi, Vietnam Railways – Headquarters for International Relations


  • Rotary Scholarship for USA (1 year)
  • DAAD Scholarship for USA (1 year)

Expert for

  • Financial Management
  • Transport economics
  • Consultant for transport companies
  • Consultant for transport systems

Key Aspects in Teaching

  • Investment and finance
  • International financial management
  • Analysis of developing countries and emerging markets

Research Projects and Fields

  • Development of emerging markets
  • International financial markets

Planned projects

  • Developments in financial markets in threshold economies

Selected, current Publications

  • Selection of Mass Rapid Transit System for Bombay, India (1998)
  • Investment Study on Rolling Stock for Long-distance Passenger Services in Vietnam (1996)
  • People Mover Systems for Queensland, Australia (1990)

Selected dissertation topics

  • Böhler, Agnes: The Berlin Transport Company (BVG) – an external balance sheet analysis
  • Michaelis, Ingrid: Hospital 2000 – Organisational innovations and profitable performance structures in the focus of recent legislation
  • Arnoldt, Jürgen: Business valuation of housing corporations – valuation concept and methodology
  • Kontos, Vlassios: Stakeholder Value as a means of business valuation: a comparison with other valuation methods
  • Kerkau, Anke; Rodeck, Susanne: Development prospects for South Africa with a particular focus on the tourism sector