Department of Finance

The department of finance has an international faculty, which does research in all major areas of finance and publishes regularly in the top academic journals. We have weekly seminars with invited top scholars and a brown bag series for discussion of research ideas. The finance courses attract a large number of students and our faculty members are in high demand as experts in a variety of contexts.

New Hires

EVENTS AT THE DEPARTMENT OF FINANCE

21 August ➝ 23 August - Finance Department - Workshop Asset Pricing Workshop I

11 August - Finance workshop Corporate Finance and Executive Compensation

11 December ➝ 12 December - Finance Department - Workshop Asset Pricing Workshop II

All events at NHH

Department news

Essays in empirical corporate finance

PhD Defence 8 May 2017 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.

New Article by B. Espen Eckbo, Tanakorn Makaew and Karin Thorburn

10 March 2017

The article "Are stock-financed takeovers opportunistic?" by Eckbo, B. Espen, Tanakorn Makaew, and Karin S. Thorburn is forthcoming in the Journal of Financial Economics.

Thorburn member of SFS council

8 March 2017 Finance

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

30 December 2016 Finance

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.

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RECENT Publications

Authors	Title	Publication
Kyeong Hun Lee, David C. Mauer and Qianying(Emma) Xu	Human Capital Relatedness and Mergers and Acquisitions	Journal of Financial Economics, forthcoming
Eckbo, B. Espen, Tanakorn Makaew, and Karin S. Thorburn	Are stock-financed takeovers opportunistic?	Journal of Financial Economics, forthcoming
Eckbo, B. Espen, Karin S. Thorburn and Wei Wang	How Costly is Corporate Bankruptcy for the CEO?	Journal of Financial Economics 2016, 121 (1), 210-229
Francisco Santos	IPO market timing with uncertain aftermarket retail demand	Journal of Corporate Finance, 2017, 42, 247-266.
Nils Friewald, Rainer Jankowitsch and Marti G. Subrahmanyam	Transparency and Liquidity in the Structured Product Market.	Review of Asset Pricing Studies, 2017, forthcoming.
Bakke, Einar, Tore Leite and Karin S. Thorburn	Partial Adjustment to Public Information in the Pricing of IPOs	Journal of Financial Intermediation, 2016, forthcoming
Raff, Konrad and Linus Siming	Knighthoods, Damehoods, and CEO Behaviour	Journal of Corporate Finance, 2016, forthcoming.
Friewald, Nils, Christopher A. Hennessy and Rainer Jankowitsch	Secondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets	Review of Financial Studies, 2016, 29, 1254-1290.