Employee Profile

Janis Berzins

Associate Professor

Department of Finance

Image of Janis Berzins

Biography

Personal homepage

I have worked for BI since 2006. I joined BI after graduating from Indiana University Finance Department. In past, I have worked on a consulting project with SEC, as a sales manager, hotel manager, and accountant.

Research areas
My interests are in Corporate Governance, Corporate Finance, and Portfolio Management. Under portfolio management, I am interested in strategy and performance attribution and information processing in mutual fund and institutional money management complexes. I am particularly interested in corporate finance and governance issues of family firms. I work on projects that examine issues such as the resolution of agency issues in private firms via dividend policy and the link between individual liquidity needs and activities in firms owned by these individuals. My interests include shocks generated by wealth tax changes.

Teaching areas
I have taught Applied Valuation, CFA Institute Reseach Challenge course, Managerial Accounting (MBA), Investment (undergraduate), Market Microstructure (undergraduate), International Finance (undergraduate, graduate, MBA, excecutive MBA), Basic Financial Management (undergraduate), Financial Intermediation and Banking (graduate). I am interested in integrating case-based teaching in otherwise regular courses.

Publications

Shows 5 of 8 publication(s)

Article Janis Berzins, Anete Pajuste (2024)

Family firm successions: First-generation transitions in Latvia

Finance Research Letters 64 Doi: https://doi.org/10.1016/j.frl.2024.105410

Article Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2019)

Dividends and taxes: The moderating role of agency conflicts

Journal of Corporate Finance 58(October) p. 583-604 Doi: https://doi.org/10.1016/j.jcorpfin.2019.07.003

Chapter Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2018)

The under-researched family firm: New insights from unique Norwegian data

At the Forefront, Looking Ahead: Research-Based Answers to Contemporary Uncertainties of Management p. 99-118 Doi: https://doi.org/10.18261/9788215031583-2018-08

Article Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2018)

Shareholder conflicts and dividends

Review of Finance 22(5) p. 1807-1840 Doi: https://doi.org/10.1093/rof/rfx046

Article Janis Berzins, Charles Trzcinka, Crocker Liu (2013)

Asset management and investment banking

Journal of Financial Economics 110(1) p. 215-231 Doi: https://doi.org/10.1016/j.jfineco.2013.05.001

Article Janis Berzins, Øyvind Bøhren (2013)

Norske familiebedrifter - Omfang, eierstyring og lønnsomhet

Praktisk Økonomi & Finans 29(3) p. 57-75

Praktisk Økonomi & Finans 8(2) p. 65-75

Praktisk Økonomi & Finans p. 65-75

Shows 5 of 8 publication(s)

Feature article Janis Berzins, Marcus Ribe, Bogdan Stacescu, Kasper Sveistrup (2025)

Oppdrett er blitt mindre attraktivt

Feature article Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2018)

Makt og styring i familiebedrifter

Feature article Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2017)

Majoritetseiere beskytter minoriteten

Feature article Øyvind Bøhren, Janis Berzins, Bogdan Stacescu, Morten Josefsen, Pål Erik Steen (2013)

Høyt utbytte gir mindre konflikter

Feature article Øyvind Bøhren, Janis Berzins, Bogdan Stacescu, Morten Josefsen, Pål Erik Steen (2013)

Høyt utbytte - lavt konfliktnivå

Feature article Øyvind Bøhren, Janis Berzins (2008)

Eierstyring og bedriftsøkonomi utenfor Oslo Børs

Shows 5 of 39 publication(s)

Report Bogdan Stacescu, Janis Berzins (2025)

An Overview of Norwegian Firms

Center for Corporate Governance Research

Conference lecture Janis Berzins, Salvatore Miglietta, Himal Gautam, Leon Bogdan Stacescu (2024)

Family firms and employment

European Accounting Association Congress

Conference lecture Leon Bogdan Stacescu, Janis Berzins, Øyvind Bøhren (2024)

Illiquid Owners and Firm Behavior

23rd Workshop on Corporate Governance and Investment

Conference poster Janis Berzins, Alminas Zaldokas (2020)

Conflicts in Private Family Firms

AEA

ECGI Roundtable on “Why Are Fewer Companies Going Public?”

16th Corporate Finance Day

Conference lecture Janis Berzins, Alminas Zaldokas (2019)

Conflicts in Private Family Firms

16th Corporate Finance Day

CICF

IESEG

Baltic Economic Association Conference

Report Øyvind Bøhren, Janis Berzins, Bogdan Stacescu (2018)

The Family Firm Premium and Family Characteristics: Evidence from Population Data

BI Norwegian Business School

Report Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2018)

Dividends and taxes: The moderating role of agency conflicts

BI Norwegian Business School

Conference lecture Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2018)

The Family Firm Premium

BI Finance Brown Bag Seminar

Conference lecture Bogdan Stacescu, Janis Berzins, Øyvind Bøhren (2018)

Illiquid Shareholders and Firm Cash Flows

ERMAS Annual Conference of the Romanian Academic Economists from Abroad

BI Norwegian Business School

Conference lecture Bogdan Stacescu, Janis Berzins, Øyvind Bøhren (2018)

The Performance Premium of Family Firms: New Evidence from Population Data

Comparative Corporate Governance Workshop

Conference lecture Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2018)

What Explains the Large Family Firm Premium?

19th Workshop on Corporate Governance and Investment

Conference lecture Øyvind Bøhren, Janis Berzins, Bogdan Stacescu (2018)

Illiquid Shareholders and Firm Cash Flows

Skatteforum, Sandefjord

Handelshøyskolen BI

Article Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2017)

Shareholder Conflicts and Dividends

Harvard Law School Forum on Corporate Governance and Financial Regulation

Conference lecture Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2017)

Dividends and Taxes: The Moderating Role of Agency Conflicts

Research Seminar

Lecture Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2017)

Speech on corporate finance and governance in private Norwegian firms. Oslo, Norway

General Annual Meeting, CFA-Oslo

Conference lecture Bogdan Stacescu, Øyvind Bøhren, Janis Berzins (2017)

Dividends and Taxes: The Moderating Role of Agency Conflicts

Multinational Finance Society Conference

Report Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2014)

Dividends, taxes, and agency costs

Working paper, CCGR

Lecture Bogdan Stacescu, Janis Berzins, Øyvind Bøhren (2014)

Dividends, taxes and agency costs

World Finance Conference

Report Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2014)

Stockholder conflicts and dividends

Working paper; CCGR

Conference lecture Leon Bogdan Stacescu, Janis Berzins, Øyvind Bøhren (2011)

Dividends and Stockholder Conflicts: A Comprehensive Test for Private Firms

12th Workshop on Corporate Governance and Investment

Report Janis Berzins, Øyvind Bøhren, Bogdan Stacescu (2011)

Stockholder Conflicts and Dividend Payout

Handelshøyskolen BI

Conference lecture Annette Alstadsæter, Øyvind Bøhren, Leon Bogdan Stacescu, Janis Berzins (2011)

Ownership, Taxes and Dividends

Internseminar

Conference lecture Annette Alstadsæter, Øyvind Bøhren, Janis Berzins, Leon Bogdan Stacescu (2011)

Ownership, Taxes and Dividends

Norwegian-German Seminar on Public Economics

Report Janis Berzins, Øyvind Bøhren, Leon Bogdan Stacescu (2011)

Dividends and stockholder conflicts: A comprehensive test for private firms

BI Norwegian Business School

Conference lecture Leon Bogdan Stacescu, Janis Berzins, Øyvind Bøhren (2011)

Dividends and Stockholder Conflicts: A Comprehensive Test for Private Firms

Multinational Finance Society Conference

Conference lecture Annette Alstadsæter, Janis Berzins, Øyvind Bøhren, Leon Bogdan Stacescu (2011)

Illiquid stockholders and firm payout

CCGR Workshop

Conference lecture Janis Berzins, Leon Bogdan Stacescu, Annette Alstadsæter, Øyvind Bøhren (2011)

Tax concerns and agency concerns in dividend policy: Holding companies as a separating device

SEVENTH NORWEGIAN-GERMAN SEMINAR ON PUBLIC ECONOMICS

Report Øyvind Bøhren, Janis Berzins (2009)

Private firms are significant and different

Handelshøyskolen BI

Handelshøyskolen BI

Report Øyvind Bøhren, Janis Berzins, Pål Rydland (2008)

The corporate finance and governance of limited liability firms: Basic characteristics

BI Norwegian Business School

Mutual Funds Conference

Academic Degrees
Year Academic Department Degree
2006 Indiana University Ph.D.
2003 Kelley School of Business Master
1999 SUNY Buffalo M.A.
1999 SUNY Buffalo M.B.A.
1996 SUNY Buffalo B.S.
Work Experience
Year Employer Job Title
2008 - Present BI Norwegian Business School Associate Professor
2006 - 2008 BI Norwegian Business School Assistant Professor
1996 - 1999 University Guest Quarters- hotel for university academic visitors, SUNY-Buffalo Manager
1993 - 1994 "Latvia Tours"- the leading Latvian travel agency Sales manager
1992 - 1993 "Krumu Ezis"- a puppet theater Manager and accountant