The Department of Finance

The Department of Finance is an international department that consists of 30 faculty members in Finance and 5 faculty members in Statistics as well as 8 administrative staff. The Department of Finance researches in all financial issues, including issues related to financial markets, securities pricing, risk management, corporate finance and household finance. At the Department of Finance, we offer highly qualified teaching within an extensive number of both the full-time and the part-time programs available at Copenhagen Business School. Furthermore, the Department runs a successful PhD Program with 24 PhD students of different nationalities currently enrolled. The Department of Finance organizes a number of seminars every semester, please see Upcoming Finance Seminars above for more information.
 

Recent Selected Work by Department Members

Responsible investing: The ESG-efficient frontier
Lasse Heje Pedersen, Shaun Fitzgibbons, and Lukasz Pomorski
Journal of Financial Economics, forthcoming

Housing, Mortgages, and Self Control
Kathrin Schlafmann
Review of Financial Studies, forthcoming

Leveraged Buyouts and Bond Credit Spreads
Yael Eisenthal-Berkovitz, Peter Feldhütter, and Vikrant Vig
Journal of Financial Economics, forthcoming
Leveraged buyout activity has increased in recent decades. We show that the leveraged buyout threat has a substantial ex-ante impact on bond credit spreads in general, on average 18-21bps. The impact is stronger in expansion periods and for long-maturity bonds.

Betting against correlation: Testing theories of the low-risk
Clifford S. Asness, Andrea Frazzini; Niels Joachim Gormsen and Lasse Heje Pedersen
Journal of Financial Economics, forthcoming
Two cool new factors separate competing theories: BAC is strong, consistent with leverage constraints; SMAX works too, consistent with lottery demand.