Institutt for finans

2024

• Sven Klingler and Olav Syrstad

  The SOFR Discount

  Journal of Financial Economics. Forthcoming.

• Tetiana Davydiuk, Tatyana Marchuk and Samuel Rosen

  Direct Lenders in the U.S. Middle Market

  Journal of Financial Economics. Forthcoming.

• Andreas Fagereng, Helene Onshuus and Kjersti N. Torstensen

  The consumption expenditure response to unemployment: Evidence from Norwegian households

  Journal of Monetary Economics. Forthcoming.

• Ragnar E. Juelsrud and Ella Getz Wold

  The Importance of Unemployment Risk for Individual Savings

  Management Science. Forthcoming.

• Jonathan Brogaard, Nataliya Gerasimova, and Maximilian Rohrer

  The Effect of Female Leadership on Contracting from Capitol Hill to Main Street

  Journal of Financial Economics. Forthcoming.

• Thomas Geelen, Jakub Hajda, Erwan Morellec and Adam Winegar

  Asset Life, Leverage, and Debt Maturity Matching

  Journal of Financial Economics. Forthcoming.

2023

• Spencer Andrews, Riccardo Colacito, Max Croce and Federico Gavazzoni

  Concealed Carry

  Journal of Financial Economics. Forthcoming.

• Costas Xiouros and Fernando Zapatero

  Disagreement, Information Quality and Asset Prices

  Journal of Financial Economics, Forthcoming.

• Tetiana Davydiuk, Tatyana Marchuk and Samuel Rosen

  Market Discipline in the Direct Lending Space

  Review of Financial Studies, Forthcoming.

• Iván Alfaro, Nick Bloom, and Xiaoji Lin

  The Finance Uncertainty Multiplier

  Journal of Political Economy, forthcoming.

• Stig Møller and Richard Priestley

  The Role of the Discount Rate in Investment and Employment Decisions

  Journal of Financial and Quantitative Analysis. 2023, vol. 58(2), pp. 914-938

• Gauti B. Eggertsson, Ragnar E. Juelsrud, Lawrence H. Summers & Ella Getz Wold

  Negative Nominal Interest Rates and the Bank Lending Channel

  Review of Economic Studies, forthcoming.

2022

• Sven Klingler and Suresh Sundaresan

  Diminishing Treasury Convenience Premiums: Effects of Dealers' Excess Demand in Auctions

  Journal of Monetary Economics, Forthcoming.

• Mariano (Max) Massimiliano Croce, Tatyana Marchuk and Christian Schlag

  The Leading Premium

  Review of Financial Studies, Forthcoming.

• Cooper, Ilan; Mitrache, Andreea; Priestley, Richard

  A Global Macroeconomic Risk Model for Value, Momentum and Other Asset Classes

  Journal of Financial and Quantitative Analysis, Vol. 57(1), pp. 1-30. 2022.

• Mike Burkart, Salvatore Miglietta, and Charlotte Ostergaard

  Why Do Boards Exist? Governance Design in the Absence of Corporate Law

  Review of Financial Studies. Forthcoming.

• Dagfinn Rime, Andreas Schrimpf, and Olav Syrstad

  Covered Interest Parity Arbitrage

  Review of Financial Studies. Volume 35, Issue 11, November 2022, Pages 5185–5227.

2021

• Eggertsson, Gauti; Robbins, Jacocb; Wold, Ella Getz

  Kaldor and Piketty’s facts: The rise of monopoly power in the United States

  Journal of Monetary Economics, Volume 124, Pages S19-S38. 2021

• Nicole Branger, Patrick Konermann, Christoph Meinerding, and Christian Schlag

  Equilibrium Asset Pricing in Directed Networks

  Review of Finance, 25(3), 777-818, 2021.

• Andreas Fagereng, Magne Mogstad and Marte Rønning

  Why do Wealthy Parents Have Wealthy Children?

  Journal of Political Economy, Vol 129, pp. 703-756, 2021

• Sven Klingler and Olav Syrstad

  Life after Libor

  Journal of Financial Economics, Volume 141 (2), pages 783-801, 2021.

• Chen, Zhanhui and Cooper, Ilan and Ehling, Paul and Xiouros, Costas

  Risk Aversion Sensitive Real Business Cycles

  Management Science. Volume 67(4), pp. 1993-2656. 2021

2020

• Andreas Fagereng, Luigi Guiso, Davide Malacrino & Luigi Pistaferri

  Heterogeneity and Persistence in Returns to Wealth

  Econometrica, Vol. 88, No.1, 115–170, 2020.

• Nicole Branger, Patrick Konermann and Christian Schlag

  Optimists and Pessimists in (In)Complete Markets

  Journal of Financial and Quantitative Analysis. 55(8), 2466-2499, 2020.

2019

• Ilan Cooper and Paulo Maio

  Asset Growth, Profitability, and Investment Opportunities

  Management Science, Volume 65(9), pp. 3949-4450. 2019.

• Ilan Cooper and Paolo Maio

  New evidence on conditional factor models

  Journal of Financial and Quantitative Analysis. Volume 54(5), pp. 1975 - 2016. 2019.

• Anatasov, Victoria; Muller, Stig; Priestley, Richard

  Consumption Fluctuations and Expected Returns

  Journal of Finance, Vol 73(3) p. 1677-1713. 2019

• Øyvind Bøhren, Bogdan Stacescu, Line Almli and Kathrine L. Søndergaard

  When Does the Family Govern the Family Firm?

  Journal of Quantitative and Financial Analysis. Volume 54(5), pp. 2085 - 2117. 2019.

• Sven Klingler and Suresh Sundaresan

  An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

  Journal of Finance, Volume 72 (2) , pages 675-710. 2019.

2018

• Paul Ehling, Alessandro Graniero, and Christian Heyerdahl-Larsen

  Asset Prices and Portfolio Choice with Learning from Experience

  Review of Economic Studies, Volume 85, Issue 3, Pages 1752–1780, 2018. 

• Sven Klingler and David Lando

  Safe Haven CDS Premiums

  Review of Financial Studies. Volume 31 (5), pages 1856-1895. 2018.

• Espen Henriksen and Thomas Cooley

  The Demographic Deficit

  Journal of Monetary Economics, Vol. 93, January 2018, Pages 45-62. 

• Renee B. Adams, Matti Keloharju and Samuli Knüpfer

  Are CEOs Born Leaders? Lessons from Traits of a Million Individuals

  Journal of Financial Economics. Volume 130(2), 392-408, 2018.

• Paul Ehling, Michael F. Gallmeyer, Sanjay Srivastava, Stathis Tompaidis, and Chunyu Yang

  Portfolio Tax Trading with Carry-Over Losses

  Management Science. Volume 64, Pages 3971-4470, 2018.

• Hamid Boustanifar, Rett Grant and Ariell Reshef

  Wages and Human Capital in Finance: International Evidence, 1970-2011

  Review of Finance. Volume 22, pp. 699–745, 2018.

• Janis Berzins, Øyvind Bøhren and Bogdan Stacescu

  Shareholder Conflicts and Dividends

  Review of Finance. 22, pp. 1807-1840, 2018.

• Paul Ehling, Michael F. Gallmeyer, Christian Heyerdahl-Larsen and Philipp Illeditsch

  Disagreement about inflation and the yield curve

  Journal of Financial Economics. Volume 127, Issue 3, Pages 459-484, 2018.

2017

• Ingolf Dittmann, Ko-Chia Yu and Danielle Zhang

  How Important are Risk-Taking Incentives in Executive Compensation?

  Review of Finance. Volume 21(5), 1805-1846, 2017. (lead article)

• Samuli Knüpfer, Elias Henrikki Rantapuska and Matti Sarvimäki.

  Formative Experiences and Portfolio Choice: Evidence from the Finnish Great Depression

  Journal of Finance. Volume 72(1), pp. 133-166. 2017.

• Paul Ehling, Christian Heyerdahl-Larsen

  Correlations

  Management Science. Volume 63, pp. 1919-1937, 2017.

2016

• Ibolya Schindele, Bent Vale and Charlotte Østergaard

  Social Capital and the Viability of Nonprofit Firms: Evidence from Savings Banks

  Review of Finance, Volume 29(5), 1673-1718. 2016. (lead article)

• Juan-Pedro Gomez, Richard Priestley, Fernando Zapatero

  Labor Income, Relative Wealth Concerns, and the Cross-Section of Stock Returns

  Journal of Financial and Quantitative Analysis. Volume 51(4) pp. 1111-1133, 2016. 

• Ilan Cooper and Richard Priestley

  The Expected Returns and Valuations of Private and Public Firms

  Journal of Financial Economics. Volume 120(1) pp. 41-57, 2016.

2015

• Mark Grinblatt, Seppo Ikäheimo, Matti Keloharju and Samuli Knüpfer

  IQ and Mutual Fund Choice

  Management Science. Volume 62(4), pp. 924-944. 2015.

• Esther Eiling and Bruno Gerard

  Emerging equity market comovements: trends and macroeconomic fundamentals

  Review of Finance. Volume 19(4), p. 1543-1585. 2015.

• Marcel Fratzscher, Dagfinn Rime, Lucio Sarno and Gabriele Zinna

  The Scapegoat Theory of Exchange Rates: The First Tests

  Journal of Monetary Economics, vol. 70, pp. 1-21, 2015. 

• Markku Kaustia, Samuli Knüpfer and Sami Torstila

  Stock Ownership and Political Behavior: Evidence from Demutualizations

  Management Science. Volume 62(4), pp. 945-963. 2015.

• Øyvind Norli; Charlotte Ostergaard; Ibolya Schindele

  Liquidity and Shareholder Activism

  Review of Financial Studies. Volume 28(2), p.486-520. 2015.

2014

• Karapetyan, Artashes; Stacescu, Bogdan

  Information Sharing and Information Acquisition in Credit Markets

  Review of Finance. Volume 18(4), p.1583-1615. 2014.

2013

• Cooper, Ilan; Priestley, Richard

  The World Business Cycle and Expected Returns

  Review of Finance. Vol, 17.(3) p. 1029-106. 2013.

• Roche, Hervé; Tompaidis, Stathis; Yang, Chunyu

  Why does junior put all his eggs in one basket? A potential rational explanation for holding concentrated portfolios

  Journal of Financial Economics 2013. Vol, 109.(3) p. 775-796. 2013.

• Berzins, Janis; Trzcinka, Charles; Liu, Crocker

  Asset management and investment banking

  Journal of Financial Economics. Volume 110.(1) p. 215-231. 2013.

• Espen Henriksen, Finn Kydland and Roman Šustek

  Globally Correlated Nominal Fluctuations

  Journal of Monetary Economics, Volume 60(6), pp. 613-631, 2013. 

2012

• Chen, Long; Da, Zhi; Priestley, Richard

  Dividend Smoothing and Predictability

  Management Science. Vol, 58.(10) p. 1834-1853, 2012.

• Eiling, Esther; Gerard, Bruno; de Roon, Frans

  Euro-zone equity returns: country versus industry effects

  Review of Finance 2012. Vol, 16.(3) p. 755-798. 

• Garcia, Diego; Norli, Øyvind

  Geographic dispersion and stock returns

  Journal of Financial Economics 2012. Vol, 106.(3) p. 547-565. 

• Garrett, I.; Priestley, Richard

  Dividend Growth, Cash Flow and Discount Rate News

  Journal of Financial and Quantitative Analysis 2012. Vol, 47.(5) p. 1003-1028.  

2011

• Cooper, Ilan; Priestley, Richard

  Real Investment and Risk Dynamics

  Journal of Financial Economics 2011. Vol, 101.(1) p. 182-205. 

2010

• Xiouros, Costas; Zapatero, Fernando

  The Representative Agent of an Economy with External Habit Formation and Heterogeneous Risk Aversion

  Review of Financial Studies 2010. Vol, 23.(8) p. 3017-3047. 

2009

• Gómez, Juan-Pedro; Priestley, Richard; Zapatero, Fernando

  Implications of Keeping-Up-with-the-Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence

  Journal of Finance 2009. Vol, 64.(6) p. 2703-273. 

• Cooper, Ilan; Priestley, Richard

  Time-Varying Risk Premiums and the Output Gap

  Review of Financial Studies 2009. Vol, 22.(7) p. 2801-2833. Review of Financial Studies 2009. Vol, 22.(7) p. 2801-2833. 

2008

• Aunon-Nerin, Daniel; Ehling, Paul

  Why firms purchase property insurance

  Journal of Financial Economics 2008. Vol, 90.(3) p. 298-312.  

• David K. Backus, Espen Henriksen and Kjetil Storesletten

  Taxes and the global allocation of capital

  Journal of Monetary Economics, Volume 55(1), pp. 48-61, 2008.

2007

• Edmans, Alex; Garcia, Diego; Norli, Øyvind

  Sports Sentiment and Stock Returns

  Journal of Finance 2007. Vol, 62.(4) p. 1967-1998

• Demyanyk, Yuliya; Ostergaard, Charlotte; Sørensen, Bent E.

  U.S. Banking Deregulation, Small Businesses, and Interstate Insurance of Personal Income

  Journal of Finance 2007. Vol, 62.(6) p. 2763-2801.

2006

• Hardouvelis, G.A.; Malliaropulos, D.; Priestley, Richard

  EMU and European stock market integration

  Journal of Business 2006. Vol, 79.(1) p. 365-392

• Cooper, Ilan

  Asset pricing implications of nonconvex adjustment costs and irreversibility of investment

  Journal of Finance 2006. Vol, 61.(1) p. 139-170. 

• Gerard, Bruno; Wu, Gengshu

  How important is intertemporal risk for asset allocation?

  Journal of Business 2006. Vol, 79.(4) p. 2203-2241

2005

• Bjønnes, Geir Høidal; Rime, Dagfinn

  Dealer behavior and trading systems in foreign exchange markets

  Journal of Financial Economics 2005. Vol, 75.(3) p. 571-605

2003

• Ongena, Steven; Smith, David; Michalsen, Dag

  Firms and their distressed banks: lessons from the Norwegian banking crisis

  Journal of Financial Economics 2003. Vol, 67. p. 81-112

2002

• Nyborg, Kjell G.; Rydqvist, Kristian; Sundaresan, Suresh M.

  Bidder Behavior in Multiunit Auctions - Evidence from Swedish Treasury Auctions

  Journal of Political Economy 2002. Vol, 110.(2) p. 394-424

• Ostergaard, Charlotte; Sørensen, Bent E.; Yosha, Oved

  Consumption and Aggregate Constraints: Evidence from U.S. States and Canadian Provinces

  Journal of Political Economy 2002. Vol, 110.(3) p. 634-645

2000

• Garrett, I.; Priestley, Richard

  Dividend Behaviour and Dividend Signaling

  Journal of Financial and Quantitative Analysis 2000. Vol, 35.(2) p. 173-189

1999

• Rydqvist, Kristian; Green, Rick

  Ex-Day Behavior with Dividend Preference and Limitations to Short-Term Arbitrage: The Case of Swedish Lottery Bonds

  Journal of Financial Economics 1999. Vol, 53. p. 145-187

1997

• Bøhren, Øyvind; Eckbo, Espen B.; Michalsen, Dag

  Why underwrite rights offerings? Some new evidence

  Journal of Financial Economics 1997. Vol, 46. p. 223-261

• Green, Richard C.; Ødegaard, Bernt A.

  Are There Tax Effects in the Relative Pricing of U.S. Government Bonds?

  Journal of Finance 1997. Vol, 52. p. 609-633