Department of Finance

cofi

Department of Finance

  • Center for Ejerledede Virksomheder
  • Centre for Owner-Managed Businesses
Charlotte
Østergaard
Professor


Room: SOL/A5.26
Tel:
+4538153669
E-mail: co.fi@cbs.dk
Presentation

I am educated at Brown University (M.A., Ph.D. in Economics) and the University of Copenhagen (B.A. in Economics).

I joined CBS in 2022. Previously, I have been employed at the Financial Markets Group at the London School of Economics and BI Norwegian Business School, where I was director of the Centre for Corporate Governance Research from 2019-2024. I have held visiting positions at the Central Bank of Norway (Norges Bank) and the University of Salerno.

Primary research areas

Corporate governance, family firms, entrepreneurship, and banking.

Links

Personal Website

Link to this homepage
www.cbs.dk/en/staff/cofi
Selected publications

• Why do Boards Exist? Governance Design in the Absence of Corporate Law  (with Mike Burkart and Salvatore Miglietta), 2023, Review of Financial Studies.

• Social Capital and the Viability of Nonprofit Firms: Evidence from Norwegian Savings Banks (with Ibolya Schindele and Bent Vale), 2016, Review of Finance.

• Liquidity and Shareholder Activism (with Øyvind Norli and Ibolya Schindele), 2015, Review of Financial Studies.

• U.S. Banking Deregulation, Small Businesses and Interstate Insurance of Personal Income (with Yuliya Demyanyk and Bent E. Sørensen), 2008, Journal of Finance.

• Permanent Income, Consumption and Aggregate Constraints: Evidence from the U.S. States (with Bent E. Sørensen and Oved Yosha), 2002, Journal of Political Economy.

Publications sorted by:
2025
Mike Burkart; Salvatore Miglietta; Charlotte Ostergaard / Shareholder Empowerment and Ownership Structure in a Free-Contracting Environment
Paper presented at The 52nd European Finance Association Annual Meeting. EFA 2025, 2025
Paper > peer review
Irena Kustec; Charlotte Ostergaard; Amir Sasson / Underperformance in Family Successions : The Role of Outside Work Experience.
Brussels : European Corporate Governance Institute (ECGI) 2025, 52 p. (ECGI Working Paper in Finance, No. 1046/2025)
Working paper
Irena Kustec; Charlotte Ostergaard; Amir Sasson / Underperformance in Family Successions : The Role of Outside Work Experience.
Hong Kong : HKU Business School 2025 (HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive)
Working paper
2023
Mike Burkart; Salvatore Miglietta; Charlotte Østergaard / Why Do Boards Exist? : Governance Design in the Absence of Corporate Law.
In: The Review of Financial Studies, Vol. 36, No. 5, 5.2023, p. 1788-1836
Journal article > peer review
2017
Mike Burkart; Salvatore Miglietta; Charlotte Ostergaard / Why Do Boards Exist? : Governance Design in the Absence of Corporate Law.
Stockholm : Swedish House of Finance 2017, 75 p. (Swedish House of Finance Research Paper Series, No. 17-8)
Working paper
2015
Øyvind Norli; Charlotte Ostergaard; Ibolya Schindele / Liquidity and Shareholder Activism
In: The Review of Financial Studies, Vol. 28, No. 2, 2.2015, p. 486–520
Journal article > peer review
2014
Øyvind Norli; Charlotte Ostergaard; Ibolya Schindele / Liquidity and Shareholder Activism
: SSRN: Social Science Research Network 2014, 48 p.
Working paper
Outside activities

• Professor II, BI Norwegian Business School 2022-2024.

• Board of Directors, Norwegian Research Council, Financial Markets Fund, 2020-2022.

• Executive Director, European Financial Association (EFA), 2018-2021.