Karl Borch Lecture 2005
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 2005
The 4th Karl Borch Lecture was given by Professor Michael Brennan, University of California, Los Angeles, on the topic
Changing attitudes towards risk
The lecture was held at NHH on Friday September 23 2005 (12.15-13.45 in Karl Borch's Aud.).
Please see the press release (in Norwegian) for further details.
Professor Brennan also gave an additional lecture, in the Department's Seminar Series, on Thursday September 22 2005, entitled Persistence, Predictability and Portfolio Planning.
|Karl Borch Lectures 2002-2016|
|Thursday 06.10.2016, 12.15-13.45, Karl Borch's Aud.||
Andrew W. Lo, Massachusetts Institute of Technology
|Thursday 03.09.2015, 12.15-13.45, Agnar Sandmo's Aud.||
Lasse Heje Pedersen, Copenhagen Business School
|Friday 24.05.2013, 12.15-13.45, Karl Borch's Aud.||
David M. Kreps, Stanford University
|Thursday 31.05.2012, 12.15-13.45, Karl Borch's Aud.||
Eduardo Schwartz, University of California, Los Angeles
|Tuesday 23.08.2011, 13.10-14.20, Dag Coward's Aud.||
John Y. Campbell, Harvard University
|Friday 07.05.2010, 12.15-13.45, Karl Borch's Aud.||
Christian Gollier, Toulouse 1 Capitole University
|Monday 08.06.2009, 12.15-13.45, Karl Borch's Aud.||
Jacques Drèze, Université catholique de Louvain
|Friday 05.09.2008, 12.15-13.45, Karl Borch's Aud.||
Mark Rubinstein, University of California, Berkeley
|Friday 08.06.2007, 12.15-13.45, Aud. E||
Hayne Leland, University of California, Berkeley
|Friday 12.05.2006, 12.15-13.45, Aud. C||
Stephen A. Ross, Massachusetts Institute of Technology
|Friday 23.09.2005, 12.15-13.45, Karl Borch's Aud.||
Michael Brennan, University of California, Los Angeles
|Friday 29.10.2004, 12.15-13.45, Finn E. Kydland's Aud.||
Robert Wilson, Stanford University
|Thursday 15.05.2003, 12.15-13.45, Aud. E||
Oliver Hart, Harvard University
|Friday 03.05.2002, 13.15-14.45, Aud. E||
Bengt Holmström, Massachusetts Institute of Technology
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.
Michael Brennan is a Professor of Finance at the University of Manchester Business School. He is also part of the emeritus faculty at University of California Los Angeles’s Anderson School of Management, as well as at the London Business School.
Professor Brennan maintains a wide range of research interests and extensive publications that include the areas of asset pricing, corporate finance, the pricing and role of derivative securities, market microstructure, and the role of information in capital markets.
His more recent work includes the following topics: the problem of asset allocation when investors face time-varying opportunity sets, initial public offerings and the allocation of control rights in the corporation, the determinants of international flows of portfolio investment, the role of convertible securities in corporate finance, and corporate hedging strategies.
Another noteworthy accomplishment includes co-designing the Brennan-Schwartz interest rate model and pioneering the real options theory.
A former president of the American Finance Association, he has served as editor of the Journal of Finance and was the founding editor of the Review of Financial Studies.
He has consulted extensively for corporations in Canada and the US, and in 1995 he was awarded the INQUIRE Europe prize for his work on corporate hedging strategies. In 2011, Dr. Brennan was awarded an honorary Doctorate of Law from the University of Notre Dame.