Karl Borch Lecture 2007

Karl Borch Lecture 2007

The Karl Borch Lecture is an annual lecture held by world-class scholars on a current research topic.

The Karl Borch Lecture Series was established in 2002 by the Department, in honor of Borch.
The lecture is on a current research topic and given by distinguished scholars, whose research capture the pioneering spirit of Karl Borch, but not necessarily his fields of research in a narrow sense.

The Karl Borch Lecture is sponsored by the Institute for Research in Economics and Business Administration (SNF).

Karl Borch Lecture 2007

The 6th Karl Borch Lecture was given by Professor Hayne E. Leland, University of California, Berkeley, on the topic

The Optimal Financial Scope of the Firm

The lecture was held at NHH on Friday June 8 2007 (12.15-13.45 in Aud. E).

Please see the press release (in Norwegian) for further details. Slides are also available.

Professor Leland also gave an additional lecture, in the Department's Seminar Series, on Thursday June 7 2007, entitled Structural Models and Corporate Finance.

 

Karl Borch Lectures 2002-2016
Thursday 06.10.2016, 12.15-13.45, Karl Borch's Aud.

Andrew W. Lo, Massachusetts Institute of Technology

Can Financial Engineering Cure Cancer?

Thursday 03.09.2015, 12.15-13.45, Agnar Sandmo's Aud.

Lasse Heje Pedersen, Copenhagen Business School

Efficiently Inefficient

Friday 24.05.2013, 12.15-13.45, Karl Borch's Aud.

David M. Kreps, Stanford University

Motivation versus Incentives

Thursday 31.05.2012, 12.15-13.45, Karl Borch's Aud.

Eduardo Schwartz, University of California, Los Angeles

The Real Options Approach to Valuation: Challenges and Opportunities

Tuesday 23.08.2011, 13.10-14.20, Dag Coward's Aud.

John Y. Campbell, Harvard University

Investing and Spending: The Twin Challenges of Endowment Management

Friday 07.05.2010, 12.15-13.45, Karl Borch's Aud.

Christian Gollier, Toulouse 1 Capitole University

The economics of long term discounting

Monday 08.06.2009, 12.15-13.45, Karl Borch's Aud.

Jacques Drèze, Université catholique de Louvain

When Borch's Theorem does not apply: Some key implications of market incompleteness, with policy relevance today

Friday 05.09.2008, 12.15-13.45, Karl Borch's Aud.

Mark Rubinstein, University of California, Berkeley

Great Moments in Financial Economics: The Hidden History

Friday 08.06.2007, 12.15-13.45, Aud. E

Hayne Leland, University of California, Berkeley

The Optimal Financial Scope of the Firm

Friday 12.05.2006, 12.15-13.45, Aud. C

Stephen A. Ross, Massachusetts Institute of Technology

A Neoclassical Look at Behavioral Finance: A Tale of Two Anomalies

Friday 23.09.2005, 12.15-13.45, Karl Borch's Aud.

Michael Brennan, University of California, Los Angeles

Changing attitudes towards risk

Friday 29.10.2004, 12.15-13.45, Finn E. Kydland's Aud.

Robert Wilson, Stanford University

Risk Management in Liberalized Electricity Markets

Thursday 15.05.2003, 12.15-13.45, Aud. E

Oliver Hart, Harvard University

Firms versus Contracts

Friday 03.05.2002, 13.15-14.45, Aud. E

Bengt Holmström, Massachusetts Institute of Technology

Liquidity and Insurance

Karl H. Borch

Karl H. Borch was a professor at NHH between 1963 and 1986, and is considered one of the founders of economics of uncertainty, counting 150 scientific articles in journals and conference proceedings, and three books.

Hayne E. Leland

Hayne E. Leland is the Arno Rayner Professor Emeritus of Finance and Management at The Haas School of Business, University of California, Berkeley.

He is a former President and Fellow of the American Finance Association. Professor Leland has published more than 50 articles in leading finance and economic journals, on investment theory, optimal portfolio choice, and dynamic hedging. He is particularly noted for his contributions to the theory of optimal capital structure.

His research has received numerous prizes for excellence, including the Stephen A. Ross Prize in Financial Economics (in 2008), which is awarded to a significant paper in finance published in the last 15 years. Also in 2008, Professor Leland was awarded the Lifetime Achievement Award by the Financial Intermediation Research Society.

More recently, Dr. Leland became the first recipient of the Stephen A. Ross Prize from the Foundation for the Advancement of Research in Financial Economics (FARFE) for his research in corporate debt pricing and capital structure.