Elizaveta Sizova

Assistant Professor Elizaveta Sizova

+47 55 95 92 94
Banking. Risk management. Financial regulation

Elizaveta Sizova joined NHH as an Assistant Professor of Finance in 2022. Elizaveta holds a PhD and a Master of Science degree from KU Leuven. During Fall 2019 – Fall 2020, she was a Visiting Scholar at the University of Illinois at Urbana-Champaign. Her research interests lie broadly in banking, risk management and financial regulation. Her work has received several Best Paper Awards and has been selected for the European Central Bank’s Young Economist Competition and the Qatar Centre for Global Banking and Finance’s Young Economist Prize Competition. For more details, please see her personal webpage and CV.

Curriculum Vitae

Web page


The Effects of Employee Alcohol Consumption on Firm Performance

Project Team

  • Cédric Huylebroek
  • Elizaveta Sizova (Project Manager) 
  • Lars Van Cutsem

Project Duration

  • 2023 - 2026

Project Details

The purpose of this research project is to study how employees’ access to alcohol affects real outcomes such as firm productivity and performance.

Alcohol is the most harmful drug in Europe due to its leading role in death, mental health problems, violence, and economic hardship according to the European Health Policy Alliance.

In addition, there is evidence that alcohol consumption can negatively affect individual decision-making and productivity. Therefore, at the aggregate level, employees’ alcohol consumption can create negative spillover effects for their employers.

Although researchers have examined individual effects of alcohol consumption, evidence on aggregate effects is scarce due to data limitations or the absence of exogenous shocks to alcohol consumption. This study aims to fill this gap.

We use data on (1) bars’ closing hours and violations from the Norwegian Institute of Public Health, and individuals and firms from (2) Statistics Norway and (3) Norwegian Corporate Accounts.

More information about the project is available in the public information letter (PDF).

For any additional queries about the project including the processing of personal data, please contact Elizaveta Sizova