Faculty Profile

Charlotte Østergaard

Professor - Department of Finance

Biography

Please see my personal webpage for more information.

I am educated at Brown University (Ph.D., M.A. in Economics) and the University of Copenhagen (B.A. in Economics). Before joining BI Norwegian Business School, I was at the Financial Markets Group at the London School of Economics. I have also spent time at the research division at the Central Bank of Norway and at the University of Salerno. I am an associated researcher at the Centre for Corporate Governance Research (CCGR).

Research areas
My primary areas of interest are banking and corporate governance.
The main research question that I have considered concerns the real effects of bank shocks and bank market integration on outcome variables such as bank lending to small businesses, firm investment and cash management, and inter-regional risk sharing. I have also done work on shareholder activism and how social capital sustain the viability of the savings bank organizational form.
Currently, Im working on governance in Norwegian industrial corporations in the early 20th century and on entrepreneurial firms. My work has been published in the Journal of Finance, the Review of Financial Studies, the Review of Finance, and the Journal of Political Economy.

Teaching areas

Financial Intermediation, Credit Markets, Corporate Finance and Financial Management, Derivatives and Risk Management.

Publications

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2016)

Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Savings Banks

Review of Finance, 20(5), s. 1673- 1718. Doi: 10.1093/rof/rfv047

Norli, Øyvind; Ostergaard, Charlotte & Schindele, Ibolya (2015)

Liquidity and Shareholder Activism

The Review of financial studies, 28(2), s. 486- 520. Doi: 10.1093/rfs/hhu070

Buch, Claudia M.; Driscoll, John C. & Ostergaard, Charlotte (2010)

Cross-Border Diversification in Bank Asset Portfolios

International Finance, 13(1), s. 79- 108.

Demyanyk, Yuliya; Ostergaard, Charlotte & Sørensen, Bent E. (2007)

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

Journal of Finance, 62(6), s. 2763- 2801.

Ostergaard, Charlotte; Sørensen, Bent E. & Yosha, Oved (2002)

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

Journal of Political Economy, 110(3), s. 634- 645.

Østergaard, Charlotte & Goodhart, Charles (1998)

The Financial Services and Markets Bill

Journal of Financial Regulation and Compliance, 6(4)

Ostergaard, Charlotte (2017)

Hundrevis av DNB-kunder i skatteparadiser

Aftenposten [Avis]

Ostergaard, Charlotte (2015)

Derfor skyr kvinder børsen

E24 [Internett]

Ostergaard, Charlotte (2013)

Facebookdata kan gi dig lån eller avslag

Dagens Næringsliv [Avis]

Ostergaard, Charlotte (2013)

Sunt å bli kvitt gjeld, mener eksperter

Budstikka Asker og Bærum Lokalavis [Avis]

Ostergaard, Charlotte (2013)

Bekymret efter påstande om rentejuks

Aftenposten [Avis]

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2018)

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

[Academic lecture]. IDC Herzelia.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2018)

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

[Academic lecture]. Hebrew University.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2018)

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

[Academic lecture]. Tel Aviv University.

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2017)

why do boards exist? Governance design in the absence of corporate law

[Academic lecture]. FIRS 2017.

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2017)

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

[Academic lecture]. Western Finance Association (WFA) 2017.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

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

[Academic lecture]. Seminar.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

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

[Academic lecture]. 2nd SDU Finance Workshop.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

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

[Academic lecture]. ECGI-NUS 4th EU-Asia Corporate Governance Dialogue,.

Ostergaard, Charlotte; Miglietta, Salvatore & Burkart, Mike (2017)

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

[Academic lecture]. SFS Cavalcade 2017.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2017)

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

[Academic lecture]. Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference.

Miglietta, Salvatore; Burkart, Mike & Ostergaard, Charlotte (2016)

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

[Academic lecture]. Academic Seminar.

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2016)

Contractual Governance in the Absence of Corporate Law

[Academic lecture]. Midweste Finance Association Meetings.

Miglietta, Salvatore; Burkart, Mike & Ostergaard, Charlotte (2016)

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

[Academic lecture]. European Finance Association Meetings.

Ostergaard, Charlotte; Burkart, Mike & Miglietta, Salvatore (2016)

Contractual Governance in the Absence of Corporate Law

[Academic lecture]. Aarhus University.

Ostergaard, Charlotte; Miglietta, Salvatore & Burkart, Mike (2016)

Contractual Governance in the Absence of Corporate Law

[Academic lecture]. Oxford-LSE law and finance conference.

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2015)

Contractual Governance in the Absence of Law: Bylaws of Norwegian Firms in the Early 20th Century

[Academic lecture]. Seminar Bank of Canada.

Miglietta, Salvatore; Ostergaard, Charlotte & Burkart, Mike (2015)

Contractual Governance in the Absence of Law: Bylaws of Norwegian Firms in the Early 20th Century

[Academic lecture]. The 7th annual workshop of The Nordic Corporate Governance Network.

Ostergaard, Charlotte (2015)

Contractual Governance in the Absence of Law: Bylaws of Norwegian Firms in the Early 20th Century

[Academic lecture]. Global Corporate Governance Colloquium.

Ostergaard, Charlotte & Smith, David C. (2013)

Corporate Gernance Before There Was Corporate Law

[Academic lecture]. European Finance Association Meetings 2013, Cambridge.

Ostergaard, Charlotte & Smith, David C. (2013)

Corporate Gernance Before There Was Corporate Law

[Academic lecture]. Contracts and Organizations Conference, NHH.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2012)

Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Savings Banks

[Academic lecture]. Seminar at Central Bank of Hungary, Budapest.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2012)

Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Savings Banks

[Academic lecture]. Seminar at Central European University Business School, Budapest.

Østergaard, Charlotte; Vale, Bent & Schindele, Ibolya (2011)

"Social kapital kan påvirke norske sparebankers evne til å overleve"

[Article in business/trade/industry journal]. Sparebankbladet, 2, s. 32- 35.

Østergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2010)

Social Capital and the Viability of Stakeholder-Oriented Firms

[Academic lecture]. Financial Intermediation Research Society Meeting.

Norli, Øyvind; Ostergaard, Charlotte & Schindele, Ibolya (2009)

Liquidity and Shareholder Activism

[Academic lecture]. Corporate Governance Conference, Toulouse.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2009)

Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Savings Banks

[Academic lecture]. Eurpean Finance Association Conference, Bergen.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2008)

Social Capital and the Viability of nonprofit firms: Evidence from Norwegian Savings Banks

[Academic lecture]. American Economic Association Meetings.

Østergaard, Charlotte (2008)

Social Capital and the Viability of nonprofit firms: Evidence from Norwegian Savings Banks

[Academic lecture]. American Economic Association Annual Meeting.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2008)

Social Capital and the Viability of Non-profit Firms: Evidence from Norwegian Savings Banks

[Academic lecture]. CEPR Conference on Institutions and Institutional Change, Bristol, Great-Britain.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2008)

Social Capital and the Viability of Non-profit Firms: Evidence from Norwegian Savings Banks

[Academic lecture]. Conference of the European Association for Research in Industrial Organization (EARIE.

Ostergaard, Charlotte; Schindele, Ibolya & Vale, Bent (2008)

Social Capital and the Viability of Non-profit Firms: Evidence from Norwegian Savings Banks

[Academic lecture]. Annual Conference of the Hungarian Economics Association.

Ostergaard, Charlotte; Demyanyk, Yuliya & Sørensen, Bent E. (2007)

Banking Deregulation Helps Small Business Owners Stabilize Their Income

[Article in business/trade/industry journal]. Reginal Economist, Federal Reserve Bank of St. Louis

Ostergaard, Charlotte; Demyanyk, Yulia & Sørensen, Bent E. (2006)

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

[Academic lecture]. Second FIRS Conference on Banking, Corporate Finance and Intermediation.

Østergaard, Charlotte (1998)

IOSCO risk management and control guidance for securities firms and their regulators

[Article in business/trade/industry journal]. Financial Regulation Report

Academic Degrees
Year Academic Department Degree
1998 Brown University Ph.D.
1994 Brown University M.A.
1991 University of Copenhagen B.A.
1998 Brown University Ph.D.
1994 Brown University M.A.
1991 University of Copenhagen B.A.
Work Experience
Year Employer Job Title
2015 - Present BI Norwegian Business School Professor of Finance
2002 - 2015 BI Norwegian Business School Associate Professor
2005 - 2011 Norges Bank, Research Division Visiting Scholar
2003 - 2004 Norges Bank, Research Division Visiting Researcher (full time)
2000 - 2002 BI Norwegian Business School Assistant Professor
1997 - 2000 London School of Economics, Financial Markets Group Research Officer