Department of Finance

The Department of Finance aims to produce financial research, teaching and communication of international standard and of relevance for the Danish society

Slider Finance

Andreas Brøgger and Alexander Kronies awarded Best Paper Award
David Lando new Senior Fellow of the Danish think tank Kraka
David Lando Senior Fellow Kraka
The Department of Finance is now hiring - take a look here.
Now also online: sign up for this year's Danish Finance Institute Annual Conference 2020
DFI Annual Conference 2020
AQR Top Finance Graduate Award winners 2020 - this year online
AQR Top Finance grad award winners 2020
FRIC join our mailing list 2

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

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.


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Sidst opdateret: Department of Finance // 30/10/2020