Essays in empirical corporate finance
On Thursday 27 February 2025 Johan Ludvig Schmidberger Karlsen will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
News archive
All research news from the Department of Finance
NHH celebrates research talent: 21 PhDs in 2024
Whether they pursue a career in academia or step into the business world, all highlight NHH's doctoral program as a solid academic foundation
Recognized for Outstanding Research
NHH researchers who have had articles published in internationally high-ranked journals were this week rewarded with publication bonuses.
Leaving the business world behind for a PhD in finance
Johan Ludvig S. Karlsen decided to pursue a PhD in finance at NHH. 'I wasn’t ready to settle for a full-time business job´.
Researchers warn of underestimated uncertainty in academic findings
A groundbreaking study with contributions from more than 300 scholars reveals that researchers often underestimate the uncertainty of their findings.
Three essays on the U.S. credit market
On Friday 13 September 2024 Diego Bonelli will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Applauds when a PhD graduate gets a top international placement
One of the best indicators of the quality of NHH’s doctoral education is where the candidates get hired. Department of Finance also sees it as an important element in strengthening their global academic network.
Karin Thorburn ranked sixth in the world
NHH Professor Karin S. Thorburn has been ranked sixth in the world among researchers with expertise in bankruptcy. `I was an early mover in investigating what happens to companies that are sold during bankruptcy´.
Ensuring More Efficient and Secure Trading
The Securities Committee, including NHH researchers Jøril Mæland and Filip Truyen, has delivered a new NOU on changes to the Securities Trading Act.
Fourteen Nordic finance departments cooperate
The Department of Finance, together with the Nordic Finance Network, hosted recently the PhD Nordic Finance Workshop at NHH.
Three new excellent teaching practitioners at NHH
NHH researchers Carsten Bienz, Therese Egeland, and Kristin Rygg have been honored with the title of "Excellent Teaching Practitioner." This prestigious award aims to foster a collegial and professional culture in teaching and learning.
Why your PE investment won’t make you rich
Private Equity has become one of the most controversially discussed asset classes in Norway and beyond. It lures investors with promises of high returns.
Nature Risk Commission with clear recommendations
Interest in the work of the Nature Risk Commission has increased in line with media attention on nature loss in Norway. Now, the Commission shows how businesses and the public sector can work more systematically with nature risk.
These NHH researchers are paid publication bonuses
14 employees at NHH are paid bonuses, after publication in leading international journals. A top publication results in a cash payment of NOK 120,000.
New thesis: Individual and household financial retirement decisions
On Tuesday September 26, 2023, Andre Lot will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Markus Lithell defends his thesis September 20
On Wednesday September 20, 2023, Markus Lithell will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Thorburn appointed member of a new expert committee
An expert committee is to investigate the capital structure in the savings bank sector. NHH finance professor Karin Thorburn is appointed member of the committee.
Students’ lecturer award to Santos
Associate Professor Francisco Santos has received this year´s Bronsesvampen for his extraordinarily good teaching effort.
Five Things You Need To Be A Highly Effective Leader During Turbulent Times
As part of the Authority Magazine series about leadership during turbulent times, they had an interview with Aksel Mjøs, Head of the Department of Finance.
Are banks any more secure today than they were in 2008?
Financial researcher Elizaveta Sizova is not convinced that banks are in a better position today than they were in 2008. That’s when the big international banks collapsed like a house of cards.
How entrepreneurs make decisions and raise capital
On Tueday 6 September 2022 Jing Lan will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
«Essays on Empirical Corporate Finance»
On Monday 29 August 2022 Michael Axenrod will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Does Mandatory Board Gender Balancing Reduce Firm Value?
Opinion piece in Columbia Law School’s Blue Sky Blog by B. Espen Eckbo, Knut Nygaard and Karin S. Thorburn.
Competition and the Use of Credit Lines
On Wednesday 8 June 2022 Zhou Lu will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Does it pay off to quota women onto boards?
Norway was a pioneering country with requirements for the proportion of women on Norwegian corporate boards. Now California has followed with similar requirements. This has led to a heated debate, similar to the one we had earlier in Norway, says Professor Karin Thorburn at NHH.
Essays on Empirical Corporate Finance
On Tuesday 26 October 2021 Damiano Maggi will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Podcast_Espen Eckbo
The Voice of Corporate Governance podcast interview with Professor B. Espen Eckbo. "Investors and Norway’s Board Gender-Quota Law with Professor B. Espen Eckbo"
Essays on Asset Pricing
On Friday 24 September 2021 Stig Roar Haukø Lundeby will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
THREE PROFESSOR PROMOTIONS
Sissel Jensen at the Department of Economics has been promoted to full professor at NHH. Ivar Kolstad at the Department of Accounting, Auditing and Law and Walter Pohl at the Department of Finance have also been promoted from associate professor to professor this spring.
Tradeoff theory and leverage dynamics of high-frequency debt issuers
New article! Congratulations to B. Espen Eckbo and Michael Kisser on their new article in the Review of Finance. “Tradeoff theory and leverage dynamics of high-frequency debt issuers”
Project funding
Espen Eckbo and Markus Lithell have received funding from the Norwegian Research Council for their project on benefit corporations.
The Leverage-Profitability Puzzle Resurrected
New article! Congratulations to B. Espen Eckbo and Michael Kisser on their new article in the Review of Finance. “The Leverage-Profitability Puzzle Resurrected”
Does customer base structure influence managerial risk-taking incentives?
New article! Congratulations to Xunhua Su, Jie Chen, Xuan Tian and Bin Xu on their new article in the Journal of Financial Economics. “Does customer base structure influence managerial risk-taking incentives?”
Asset pricing with heterogeneous agents and long-run risk
New article! Congratulations to Walter Pohl, Karl Schmedders, and Ole Wilms on their new article in the Journal of Financial Economics. “Asset pricing with heterogeneous agents and long-run risk”.
International Trade and the Propagation of Merger Waves
New article! Congratulations to Eric De Bodt, Muhammad Farooq Ahmad and Jarrad Harford on their new article in The Review of Financial Studies, "International Trade and the Propagation of Merger Waves"
How Do Shocks Arise and Spread Across Stock Markets? A Microstructure Perspective
New article! Congratulations to Darya Yuferova, Mathijs Van Dijk, Dominik Rösch, Richard Roll, Dion Bongaerts on their new article in Management Science, “How Do Shocks Arise and Spread Across Stock Markets? A Microstructure Perspective"
Board gender-balancing and firm value
New article! Congratulations to Espen Eckbo and Karin Thorburn on their new article in Management Science, “Board gender-balancing and firm value"
How climate change may affect the Government Pension Fund Global
An expert group will examine how climate change, climate policy and the green transition may affect the Government Pension Fund Global. NHH finance professor Karin Thorburn is appointed member of the expert group.
Two NHH researchers to contribute to an EU programme
Alexander W. Cappelen and Aksel Mjøs are among the members of the reference groups for the EU's new research and innovation programme Horizon Europe.
Builds a bridge between business and finance students
The business world is close to NHH’s master students in finance. “I believe there is a more learning outcome when students meet and present their work to representatives from business,” Finance Professor, Karin Thorburn.
Essays on Empirical Corporate Finance
On Wednesday 24 June 2020 Johan Mellberg will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Essays on Empirical Corporate Finance
On Wednesday 3 June 2020 Loreta Rapushi will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Thorburn on the new restructuring law to save businesses
The Norwegian Parliament recently approved a temporary new restructuring law to save businesses following the corona crisis. NHH Finance Professor Karin S Thorburn explains some reasons for and risks connected to the new law.
«Essays on Debt Financing»
On Thursday 12 March 2020 Negar Ghanbari will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
‘Extremely attractive in the labour market’
Businesses fight to attract candidates from NHH. A record-high 99 per cent of those who left NHH with a master’s degree in spring 2019 have found relevant work, shows NHH’s labour market survey.
Investing in sustainability – but what are the effects?
Investors around the world are developing environmentally friendly solutions. The growth of green finance is accelerating at record speed. ‘They are now asking themselves how they can make the effects of their investments visible,’ says NHH researcher Carsten Bienz.
NHH students won prestigious case competition
Four students from NHH won one of the world´s biggest business case competitions at Thammasat University in Thailand.
Conference on sustainable ocean resources
THE OCEAN deals with innovations and new collaborations within the sustainable use of ocean resources. `The conference provides a perfect meeting ground to discuss and develop new ideas´ says Linda Nøstbakken.
Investors take less risk when their own money is on the line
The more of a manager's wealth is tied to her fund, the less risk she takes and the smaller is each individual investment, according to a NHH study picked up by the «Institutional Investor», New York Times DealBook and other media.
PE article
New Working Paper by Associate Professor Carsten Bienz, Professor Karin S. Thorburn and Professor Uwe Walz.
Examines the effects of optionality in finance
On Friday 26 August 2019 Giovanni Bruno will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Going public, Information and Financial Contracting
On Monday 3 June 2019 Xiaoyu Zhang will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
NHH launches module-based education
Erna Solberg want workers to constantly update their skills in order to meet the labour market's need of expertise in the future. NHH believes ‘shopping for courses’ can be the solution.
Got internships in Paris due to student engagement
Victoria Somdalen's engagement in the student association led to two international internships in the OECD and Innovation Norway. ‘NHH opens many doors both in Norway and abroad,’ she says.
‘Out of the question to start my career in Norway’
With a job in finance in Denmark, Aleksandra Maria Kjemhus is going for an international career. The proportion of NHH graduates working abroad has increased by over 30 per cent in just two years.
Tiril named Corporate Finance Woman of the Year
In intense competition with female students from 14 other countries, NHH student Tiril Flørnes Støle won the title as the global "Corporate Finance Woman of the Year".
PE sector in unique position to combat climate change
‘The finance sector cannot stay indifferent to the climate changes. PE companies must take a more active role in the development of an environmentally friendly planet,’ says financial researcher Carsten Bienz.
All students finds relevant jobs after NHH
98.8 per cent of former NHH students have found relevant jobs. The majority are hired before completing their degree, a new candidate survey finds.
Political uncertainty causes concern about foreign investments
Foreign acquirers capture a larger share of the acquisition gains relative to local targets in acquisitions amid electoral uncertainty, according to Assistant Professor Kyeong Hun Lee.
Securing the future of publishing
Anita Huun asked author Jo Nesbø for help to land her first job after NHH. Fifteen years later, the roles have changed. Now she is responsible for securing author’s income.
Defense: Corporate Finance
On Monday 20 August 2018 Varun Verma will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Is the crowd wise?
The wisdom of the crowd in crowdfunding markets helps improve the decision making of the individuals, according to several studies. But is the crowd (really) wise?
Crowdfunding taking off
With the help of fan donations, game developer Chris Roberts has raised USD 183 mill to develop the popular game Wing Commander. Now, more and more people in Norway are jumping onto the crowdfunding wave.
Crowdfunding. Bitcoin. Machine learning
– The impact of informational technology is expected to radically restructure how finance is practiced, Walter Pohl says. On Friday 8 June NHH is hosting the 2018 Bergen FinTech Conference.
Karin Thorburn on teaching
Research into higher education suggests that students learn best when they are actively participating, whether that be through focused listening, discussion, problem solving or explaining to others.
Knuser myter om finans
Kvinner velger bort yrker innen front-finans. Bare tre prosent av arbeidsstokken innen disse yrkene er kvinner.
Dynamic models in corporate finance
On Thursday 22 March 2018 Erik Hetland Tvedt will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
10 mill. NOK grant to finance
Researchers at the Centre for Corporate Finance receive 10 million NOK for their project «Incentives, access to capital, and innovation».
Disagreement about the world’s biggest pension fund
Who should manage Norway’s enormous oil wealth? Should Norway’s ‘Oil Fund’ be moved out of Norges Bank? Three NHH researchers outline possible solutions.
Nataliya Gerasimova to Finance
Nataliya Gerasimova has joined NHH and the Department of Finance in a tenure-track assistant professor position for seven years.
Essays in Empirical Finance
On Monday 25 September 2017 Raffaele Giuliana will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Publication bonuses to Finance
Finance researchers Michael Kisser and Kyeong Hun Lee are granted publication bonuses. Both have been accepted in highly prestigious journals.
Styret må hindre veddemål
Read new chronicle by Karin S. Thorburn and B. Espen Eckbo. In Norwegian.
Essays in empirical corporate finance
On Monday 15 May 2017 Yun Tang will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Thorburn member of SFS council
Professor Karin Thorburn has been elected member of Society for Financial Studies council for the next two years.
Firms go public when investors are overly exuberant
Firms prefer to go public in periods when sentiment-driven investors are overly exuberant. In these periods, issuers can take advantage of overvaluations by setting offer prices above fundamental value.
Nils Friewald appointed professor
Nils Friewald has been appointed full Professor of Finance at NHH. His research fields are empirical asset pricing and market microstructure.
Inheritance is an important motive for saving
‘How individuals react when their life expectancy is suddenly reduced can give us insight into how we make financial choices,' says Jens Sørlie Kværner, who recently defended his doctoral thesis at NHH.
time horizon and economic choices
On Tuesday 20 September 2016 Jens Sørlie Kværner will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Award to Francisco Santos
The Master's students' Award for Excellence in Teaching 2016 goes to Associate Professor Francisco Santos for his efforts in the course FIE400E Investments.
The Wild Hunt for Nanoseconds
High-frequency trading can be a shortcut to good trades on the stock exchange.
Double-dealing the investors?
Last week NHH held Jan Mossin Memorial Symposium. The symposium, held every fifth year at NHH, is a tribute to former NHH Professor Jan Mossin.
Secondary Market Liquidity
The paper «Secondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets» has been accepted for publication in Review of Financial Studies.
The CEO and corporate bankruptcy
The paper «How Costly is Corporate Bankruptcy for the CEO?» has been published in Journal of Financial Economics.
Michael Kisser on editorial board
Associate Professor Michael Kisser at NHH is on the editorial board of the Journal of Pension Economics and Finance.
PhD defence: Chunbo Liu
On Monday 30 May 2016 Chunbo Liu will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Surprisingly quiet
On 30 March, Thore Johnsen was interviewed for the article "Forbausende stille" ("Surprisingly quiet") about the lack of mergers and acquisitions following the downturn in the oil industry.
Xuanhu Su
Aggressive attacks from a strong company can push a competitor out of the market. However, when the predator is about to get its prey, the weak company can survive if it has plenty of cash.
Teaching award to Karin Thorburn
NHH Professor Karin Thorburn is awarded a teaching award at Haas School of Business at the University of California Berkeley, for the autumn 2015.
More air routes mean better investments
The air transport agreement between the US and the EU on open skies between the continents is making investments shoot up. Americans are making more acquisitions and having greater success.