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Niels Joachim Gorm­sen

Professor

Om

E-mail
Departments
Institut for Finansiering
Room: SOL/A4.13
Emner
Finansiering Økonomi Investering Værdipapirer

Fin­an­cial eco­nom­ist study­ing fin­an­cial mar­kets and firms

I am a DNRF Chair Professor of Finance at Copenhagen Business School, a Neubauer Family Associate Professor of Finance at The University of Chicago Booth School of Business, and a faculty research fellow at the NBER Asset Pricing program.  

My research interests are financial economics and macroeconomics. My work studies how firms make investment decisions and how these decisions respond to changes in interest rates and asset prices, how economic shocks influence asset prices, and how agents form perceptions of asset markets. My work has received prizes such as the Fama-DFA Prize, the Leo Melamed Prize for Outstanding Research in Finance at Chicago Booth, and the AQR Top Finance Graduate Award.  

marts 2020

Betting Against Correlation

Testing Theories of the Low-risk Effect

Go to publication

2018

Betting Against Correlation

Testing Theories of the Low-risk Effect

Go to publication

Recent research projects

Cost of Cap­it­al Pro­ject

Firms’ per­cep­tions, and use of, the cost of cap­it­al of­ten di­verge from what eco­nom­ic mod­els as­sume. These dif­fer­ences af­fect how firms in­vest, how they re­spond to mon­et­ary policy, and the ef­fects of fin­an­cial mar­kets on the eco­nomy.
https://costofcapital.org/

Outside activities

Con­sult­ant, World Bank , 2024 -