Short biography
Øyvind Norli received his Phd. from the Norwegian School of Economics and Business Administration in 1999. During the period 1999 through 2004, Norli held the David Y. Timbrell Junior Professorship (assistant professor) at Rotman School of Management, University of Toronto. Between 2003 and 2005 Norli was a visiting assistant professor at the Tuck School of Business, Dartmouth College. Øyvind Norli has been at Norwegian School of Management (BI) since 2005.
Research areas
Norli's research has mainly covered security offerings and investor behavior. His research on security offerings include papers showing that the long-run stock market performance of firms after equity offerings are consistent with a reduction in systematic risk after the offering.
In the paper "Sports sentiment and stock returns,'' Norli and his co-authors investigate the stock market reaction to sudden changes in investor mood. Motivated by psychological evidence of a strong link between soccer outcomes and mood, the paper use international soccer results as a mood variable. The main finding of the paper is that stock markets drop significantly after losses in important international soccer games. The authors argue that this is evidence that mood affect security prices.
Norli's research has been published in the Journal of Finance, the Journal of Financial Economics, and the Journal of Corporate Finance.
