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´.
Finance article archive
From the Bank of Finland to a PhD at NHH
Heidi Koponen has always been drawn to the field of macroeconomics and policy.
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.
Essays on Shareholders Engagement and Voting
On Tuesday 7 May 2024 Xuan Li will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
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.
Yes to active asset management – but not for the "man in the street"
Trond Døskeland: Spotting mispricing isn't for everyone; it requires certain benefits. It can be size, a long time horizon, high liquidity, high competence or low costs.
Increased focus on asset management
Professor Trond M. Døskeland will increase knowledge of asset management and private equity funds through an endowed professorship from Argentum.
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.
New course in finance emphasises motivation
‘We want to contribute to more NHH students gaining competence and practical experience within the Norwegian asset management environment,’ says NHH's Rector Øystein Thøgersen.
Watch your money
Øyvind Thomassen: Sam Bankman-Fried and FTX are an extreme case, but the problem is far greater: Investors who are not afraid of being deceived should think again.
Essays on Mutual Funds
On Thursday 12 January 2023 André Wattø Sjuve will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
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.
Buying equity funds with the worst returns
Why do people still buy equity funds that give the worst returns? ‘They don’t know they’re doing it,’ answers Ole-Andreas Elvik Næss. Better information changes share purchases dramatically, a new study shows.
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.
Chief Economist at Microsoft holding a lecture on cryptocurrency
Chief Economist and Corporate Vice President at Microsoft Michael Schwarz visits NHH this week. In this open lecture, Schwarz will talk about cryptocurrency demand and valuation.
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.
The spending packages have caused the inflation in the United States
Øyvind Thomassen: Expansive monetary policy does not provide higher prices or demand when the public does not want to loan for consumption.
The Oil Fund and active management: Follow the Tinbergen Rule!
Trond Døskeland: The Oil Fund's active return is positive, but it is small - NOK 170 billion since 1998, according to the analysis we have done for the Ministry of Finance.
New doctoral thesis: Actively Managed Equity Mutual Funds
On Friday 17 December 2021 Andreas Ørpetveit will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Only start-up problems? Or overdose of wonder drug?
Øyvind Thomassen: The US central bank has, since March last year, printed new dollar bills worth more than three Norwegian oil funds, money they have spent on buying securities. Has that blown up the capacity in the economy and created lasting, troublesome inflation?
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.
The financial markets always have to be saved
Øyvind Thomassen: It is always the rich people, those with the biggest possessions of shares and property, who are saved by the central banks.
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.
How to make Norway’s oil fund last forever
Knut K. Aase and Petter Bjerksund: The optimal spending rate from the fund is significantly less than the fund’s expected real rate of return. The optimal spending rate ensures that the fund will last “forever”, but spending the expected return (following the fiscal rule, "handlingsregelen") will deplete the fund with probability one.
Essays in international finance
On 16 September 2021 Olav Syrstad will hold two trial lectures and on Friday 17 September he will defend his thesis for the Dr. Philos. degree at NHH.
`ESG reporting must be transparent and honest´
ESG reporting is crucial, in order to make real progress towards a sustainable future. Hussnain Bashir and Ibrahim Pelja are therefore starting a new master´s course. `The most important element of the course being that companies need to be transparent and honest´, Bashir says.
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.
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.
What will the Labour Party do about the dividend tax?
Petter Bjerksund: Has the Labour Party thought that, once again, it should be profitable to convert earned income into capital income? Or does the party intend to increase the dividend tax by 2,3 percentage points?
Does it make a difference that investors care?
Gunnar S. Eskeland and Jens Sørlie Kværner: Finance is a game between people trying to fool each other, but finance is also an advanced machine that decides where the capital flows. The question is whether finance really can starve "sinful" activities on capital.
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.
Almost in haven, but only almost
Guttorm Schjelderup: Users of tax havens claim to do nothing wrong and that they want to avoid double taxation, but the legal users legitimate and support a system with great damaging effects.
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.
Total of 160 female students attend Women's Finance Day
Women make up only 28 per cent of executive management positions in banking and finance, according to a report from the Finance Sector Union of Norway. NHH wants to change this.
Corporate Governance: 5 Myths, 5 Realities
What is the true role of corporate stakeholders? Tuck finance professor B. Espen Eckbo debunks five myths about the U.S. corporate governance system.
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.
Predicting Credit Card Delinquency
On Thursday 14 November 2019 Håvard Huse will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
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.
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.
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.
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.
Oil money spending should be halved
Petter Bjerksund and Trond M. Døskeland: By keeping the spending of oil money on todays level, we deceive the next generation of a third of the legacy. Spending should almost be halved.
How to get rid of the oil risk
Petter Bjerksund: We do not have to sell oil stocks to reduce the oil risk. The Government Pension Fund Global could rather issue a bond where the "interests" reflect the oil price.
Nobel Prize Laureate Merton to give Karl Borch Lecture
The 16th lecture in memory of NHH Professor Karl Borch, scheduled for September 20, will be held by Robert C. Merton.
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.
Knuser myter om finans
Kvinner velger bort yrker innen front-finans. Bare tre prosent av arbeidsstokken innen disse yrkene er kvinner.
Promotion to full professors
Dirk Schindler and Trond M. Døskeland have been promoted to full professors at NHH.
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.
Facing the Challenges of Digitalisation
There is an ongoing struggle to get access to and use personal data. Personal data has become extremely powerful. This is also a hot topic at the FIBE Conference this week.
Most read articles
Read the most popular December stories on NHH Bulletin. News and research from Norwegian School of Economics.
From “reliability” to “faithful representation”
On Friday 15 December 2017 Hilde Kinserdal will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Digital revolution in the audit sector
NHH researchers are about to conduct an extensive study of the transformation taking place in the audit sector. The Research Council of Norway has granted the project NOK 10 million to study this digital revolution.
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.
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.
26 new PhD research scholars
As many as 26 new PhD research scholars from all over the world have taken up their studies at NHH since last winter, the majority of them starting these days.
Academic prizes to Aase
Professor Knut Aase has been awarded two prestigious academic prizes in 2017 for two papers on life insurance and pension contracts.
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.
Firm size – incentives and investment
What happens when a risk-averse principal delegates the management of a firm to a risk-averse agent and offers the agent a long-term contract with full commitment?
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.
Banks: Liability Value and Optimal Capital Structure
On Wednesday January 11 Nikhil Atreya will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
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.
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.
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.
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.
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.
Legacy more important than the enterprise
Titles such as "Sir" or "Dame" are so alluring for CEOs that they willingly sacrifice corporate profits.
Buffer gives cause for concerns
Finn E. Kydland believes that a predictable financial policy rather than monetary policy is crucial to improving productivity in the eurozone: "To me, a capital buffer seems unnecessary", he says.
PhD defense: Tor Åge Myklebust
On Thursday 14 August 2014 Tor Åge Myklebust will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH with the title «Corporate Credit- and Energy Risk: Performance Sensitive Debt and Quanto Options».
A recipe for success for entrepreneur companies
Funding from both local and international venture capitalists ensures entrepreneur companies' viability, particularly in developing countries with growing economies. This is shown by the research conducted by the FIBE prize winner Tyler Hull.
Robot trading on stock exchanges needs to be regulated
Lightning-fast share trading by stock trading robots is increasing strongly on the world's stock exchanges. Now, Professor of Finance Terje Lensberg believes it is time to consider the socio-economic costs of a millisecond.
Entrepreneurs with little capital are most successful
Too much wealth makes entrepreneurs fat and content. In a new study of Norwegian entrepreneurs, researchers find that profits increase most for the entrepreneurs with least capital.
Honorary doctors coming to NHH
NHH has appointed ten new honorary doctors in connection with the anniversary. Thursday 8 September will be a historic day, as all the doctors will be gathered for the first time for a symposium at NHH. All students and staff at NHH will have an opportunity to attend lectures by Nobel laureate Finn E Kydland and the other honorary doctors.