Research and publications
An overview of publications from The Department of Finance.
Chernov, Mikhail, Lars A Lochstoer, Stig R H Lundeby, 2021. Conditional Dynamics and the Multihorizon Risk-Return Trade-Off . Review of Finacial Studies, accepted.
Chen, Jie, Xunhua Su, Xuan Tian, Bin Xu, 2021. "Does customer-base structure influence managerial risk-taking incentives?". Journal of Financial Economics, accepted.
Pohl, Walter, Karl Schmedders, Ole Wilms, 2021. “Asset pricing with heterogeneous agents and long-run risk”. Journal of Financial Economics, forthcoming.
Yuferova, Darya, Mathijs Van Dijk, Dominik Rösch, Richard Roll, Dion Bongaerts, 2021. "How Do Shocks Arise and Spread Across Stock Markets? A Microstructure Perspective". Management Science, forthcoming
Eckbo, B. Espen and Michael Kisser, 2021. "Tradeoff theory and leverage dynamics of high-frequency debt issuers". Review of Finance, forthcoming
de Bodt, Eric, 2021. "International Trade and the Propagation of Merger Waves". The Review of Financial Studies, forthcoming.
Chi, Daniel, Xunhua Su, Yun Tang and Bin Xu, 2020. Is Language an Economic Institution? Evidence from R&D. Journal of Corporate Finance, forthcoming
Over-the-Counter Market Frictions and Yield Spread Changes. Journal of Finance, 74 (6), 3217-3257
Cross-border Mergers and Acquisitions amid Political Uncertainty: A Bargaining Perspective. Strategic Management Journal, 39 (11), 2992-3005, 2018.
Pohl, Walter, Karl Schmedders and Ole Wilms, 2018. Higher-Order Effects in Asset-Pricing Models with Long-Run Risks. 73 (3), 1061-111
Kim, Jaewoo, Kyeong Hun Lee, and Erik Lie, 2017. Dividend Stickiness, Debt Covenants, and Earnings Management. Contemporary Accounting Research, 34, (4), 2022–2050
Kisser, Michael, John Kiff, and Mauricio Soto, 2017. Do managers of U.S. defined benefit pension plan sponsors use regulatory freedom strategically? Journal of Accounting Research, 55, 1213–1255
Friewald, Nils, Rainer Jankowitsch and Marti G. Subrahmanyam, 2017. Transparency and Liquidity in the Structured Product Market. Review of Asset Pricing Studies, 7(2), 316-348.
Bakke, Einar, Tore Leite and Karin S. Thorburn, 2017. Partial Adjustment to Public Information in the Pricing of IPOs. Journal of Financial Intermediation, 32, 60-75.
Su, Xunhua, Li Zhang, 2017.A Re-examination of Credit Rationing in the Stiglitz and Weiss Model. Journal of Money, Credit and Banking, 49(5), 1059-1072.
Santos, Francisco, 2017. IPO market timing with uncertain aftermarket retail demand, Journal of Corporate Finance, 42, 247-266.
Akyol, Ali C., Konrad Raff, Patrick Verwijmeren, 2017. The elimination of broker voting in director elections. Finance Research Letters, 21, 34-39.
Chi, Daniel and Xunhua Su, 2017. The dynamics of performance volatility and firm valuation. Journal of Financial and Quantitative Analysis, 52(1), 111-142.
Lindset, Snorre and Svein-Arne Persson, 2016. A stochastic mesh size simulation algorithm for pricing barrier options in a jump-diffusion model. Journal of Applied Operational Research, 8(1), 15–25.
Chi, Daniel and Xunhua Su, 2016. Product Market Threats and the Value of Corporate Cash Holdings. Financial Management 45(3), 705-735
Friewald, Nils, Christopher A. Hennessy and Rainer Jankowitsch, 2016. Secondary market liquidity and security design: Theory and evidence from ABS markets. Review of Financial Studies, 29, 1254-1290.
Schmidt, Cornelius and Rudiger Fahlenbrach, 2016. Do exogeneous changes in passive institutional ownership affect corporate governance and firm value? Journal of Financial Economics, 124(2), 285–306.
Bradbury, Mike A. S, Thorsten Hens and Stefan Zeisberger, 2015. Improving Investment Decisions with Simulated Experience. Review of Finance, 19, 1019-1052.
Chi, Daniel and Xunhua Su, 2015. Product Market Threats and the Value of Corporate Cash Holdings. Financial Management 45(3), 705-735.
Burkart, Mike and Konrad Raff, 2015. Performance Pay, CEO Dismissal and the Dual Role of Takeovers. Review of Finance, 19, 1383-1414.
Hull, Tyler, 2015. How the timing of dividend reductions can signal value. Journal of Corporate Finance, 30, 114-131.
Hull, Tyler, 2013. Does the timing of dividend reductions signal value? Empirical Evidence. Journal of Corporate Finance, 22, 193-208.
For a full publication list from NHH's Department of Finance, go to: