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.
All research news from the Department of 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.
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?
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.
– 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.
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.
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.
Researchers at the Centre for Corporate Finance receive 10 million NOK for their project «Incentives, access to capital, and innovation».
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.
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.
Read new chronicle by Karin S. Thorburn and B. Espen Eckbo. In Norwegian.
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.
Professor Karin Thorburn has been elected member of Society for Financial Studies council for the next two years.
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.
The article "The Dynamics of Performance Volatility and Firm Valuation" by Jianxin Daniel Chi and Xunhua Su is forthcoming in the Journal of Financial and Quantitative Analysis.
The article "Do exogeneous changes in passive institutional ownership affect corporate governance and firm value?" by Cornelius Schmidt and Rudiger Fahlenbrach is forthcoming in the Journal of Financial Economics.
The article "Partial Adjustment to Public Information in the Pricing of IPOs" by Einar Bakke, Tore Leite and Karin Thorburn is forthcoming in the Journal of Financial Intermediation.
The paper «How Costly is Corporate Bankruptcy for the CEO?» has been published in Journal of Financial Economics.
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.