Professor - Department of Finance
Publications registered in Cristin
(Current research information system in Norway)
Before joining BI in 1982, I served on the faculty of the Norwegian School of Economics. I spent one year as visiting faculty at the University of Washington, one year at the University of North Carolina, Chapel Hill, and several shorter periods at the Universitat Autonòma de Barcelona, the Instituto de Empresa in Madrid, and Humboldt-Universität zu Berlin. I have worked with a consulting firm in corporate strategy, with an investment bank, and as an expert witness. Over the period 2004-2009, I held the Stein Erik Hagen chair in private ownership. I have been in a 50% position at BI since September 1, 2016.
My primary academic interests are corporate finance, corporate governance, and the philosophy of science. The major research efforts have been in capital budgeting, valuation effects of taxation, equity offerings, dividend policy, board composition, shareholder conflicts, and family firms. My research is published in outlets like the Journal of Financial Economics, Review of Finance, Journal of Corporate Finance, International Review of Law and Economics, European Finance Review, Journal of Banking and Finance, Scandinavian Journal of Economics, Economics Letters, Decision Sciences, Journal of Business Ethics, European Financial Management, Journal of Business Finance and Accounting, Journal of Economic Psychology, and Energy Economics. Currently, my research focus is on corporate governance. Most of my ongoing projects are linked to the Centre for Corporate Governance Research (CCGR), where I am the founding director.
I usually teach corporate finance, corporate governance, and valuation at the graduate and executive program levels. My special pedagogical interest at the moment is teaching that involves a textbook and a supporting web page. I find it challenging and rewarding to present my research to regulators and the business community. I have written two textbooks in corporate finance (2016 and 2017) and one textbook in corporate governance (2012).
|1978||Norwegian School of Economics, NHH||Ph.D.|
|1976||Norwegian School of Economics, NHH||Master of Science|
|1973||Norwegian School of Economics, NHH||B.A.|
|2006 - Present||BI Norwegian Business School||Founding director, Centre for Corporate Governance Research (CCGR)|
|1985 - Present||BI Norwegian Business School||Professor of financial economics|
|2004 - 2009||BI Norwegian Business School||Holder of the Stein Erik Hagen Chair for private ownership|
|1993 - 1996||BI Norwegian Business School||Dean of Graduate Programs|
|1992 - 1993||University of North Carolina at Chapel Hill||Visiting scholar|
|1983 - 1985||BI Norwegian Business School||Associate professor, finance|
|1982 - 1983||BI Norwegian Business School||Assistant professor, finance|
|1980 - 1982||Norwegian School of Economics||Assistant professor, management|
|1979 - 1980||University of Washington||Visiting scholar|
|1977 - 1980||Norwegian School of Economics||Research associate, finance|
|1974 - 1976||Norwegian School of Economics (NHH)||Research assistant, management|