Department of Finance

The Department of Finance has a strong international orientation, with faculty from leading schools in finance and economics. Our research is published in top journals and covers all areas of finance.








  • Thursday, November 1, 2018 - BI MSc in Finance highly ranked in the world!

    The BI MSc in Finance program has made its first appearance in the world rankings at very high places! Ranked 48 in the FT ranking, and 41 in the QS TopUniversities ranking.

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    The FT recently ranked the program as 48th in the world for pre-experience finance post-graduate programs for the year 2018 (link), leaving behind many prestigious programs that have been ranked for several years.

    Our program was also ranked as 41st in the world by QS TopUniversities among Business Masters programs with specialization in Finance (link). We expect to climb up considerably in the future when this ranking takes into consideration our strong research reputation.

  • Tuesday, August 21, 2018 - When Does the Family Govern the Family Firm?

    New paper! Øyvind Bøhren, Bogdan Stacescu, Line Almli and Kathrine L. Søndergaard. Forthcoming in Journal of Quantitative and Financial Analysis

  • Wednesday, May 30, 2018 - Annual Conference on International Finance, 2018

    BI host the Annual Conference on International Finance on June 22nd. We have 6 papers, 6 discussants, and keynote by Adrien Verdelhan (MIT).

  • Monday, May 7, 2018 - ECGI Best Paper Award 2018 to BI faculty

    Salvatore Miglietta and Charlotte Østergaard's paper, joint with Mike Burkart, "Why do boards exist? Governance design in the absence of corporate law", won the ECGI Best Paper Award.

  • Monday, April 30, 2018 - Workshop on "Investment- and Production-Based Asset Pricing"

    Centre for Asset Pricing Research (CAPR) at BI Norwegian Business School Workshop on "Investment- and Production-Based Asset Pricing", Tuesday, May 22, 2018

  • Monday, April 30, 2018 - New evidence on conditional factor models

    New paper: Ilan Cooper and Paolo Maio. Forthcoming in Journal of Quantitative and Financial Analysis.

  • Tuesday, April 24, 2018 - BI-SHoF Conference 2018

    BI-SHoF conference on Asset Pricing and Financial Econometrics 4 and 5 June 2018

  • Tuesday, January 30, 2018 - Safe Haven CDS Premiums

    New paper: Sven Klingler and David Lando. Forthcoming Review of Financial Studies

  • Monday, January 22, 2018 - The Demographic Deficit

    New Paper! Espen Henriksen and Thomas Cooley. Forthcoming Journal of Monetary Economics.

  • Monday, January 15, 2018 - Asset Growth, Profitability, and Investment Opportunities

    New paper! Ilan Cooper and Paulo Maio. Forthcoming in Management Science.

  • Wednesday, January 10, 2018 - Charlotte Ostergaard elected to EFA

    Charlotte will serve as Director on the Executive Committee of the European Finance Association (EFA) from January 2018 until end 2020. Congratulations!



Recent papers:

  • Bernard Dumas, Karen Lewis and Emilio Osambela. Differences of Opinion and International Equity Markets. Forthcoming in Review of Financial Studies.
  • Martin D.D. Evans and Dagfinn Rime. Order flow information and spot rate dynamics. Forthcoming in Journal of International Money and Finance.
  • Adrian Bussa, Bernard Dumas, Raman Uppal, and Grigory Vilkov. The Intended and Unintended Consequences of Financial-Market Regulations:A General Equilibrium Analysis. Forthcoming in Journal of Monetary Economics.
  • Samuli Knüpfer, Elias Henrikki Rantapuska and Matti Sarvimäki. Formative Experiences and Portfolio Choice: Evidence from the Finnish Great Depression. Forthcoming in Journal of Finance.
  • Juan-Pedro Gomez, Richard Priestley, Fernando Zapatero. Labor Income, Relative Wealth Concerns, and the Cross-Section of Stock Returns. Journal of Financial and Quantitative Analysis. vol51(4), pp. 1111-1133, Aug 2016.
  • Paul Ehling and Christian Heyerdahl-Larsen. Correlations. Forthcoming in Management Science.
  • Mark Grinblatt, Seppo Ikäheimo, Matti Keloharju and Samuli Knüpfer. IQ and Mutual Fund Choice. Management Science, vol 62(4), 945-963, April 2016.
  • Markku Kaustia, Samuli Knüpfer and Sami Torstila. Stock Ownership and Political Behavior: Evidence from Demutualizations. Management Science, vol 62(4), 945-963, April 2016.
  • Charlotte Ostergaard, Ibolya Schindele and Bent Vale. Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Norwegian Savings Banks. Review of Finance. vol 20(5), 1673-1718, 2016.
  • Ilan Cooper and Richard Priestley. The Expected Returns and Valuations of Private and Public Firms. Journal of Financial Economics. vol 120(1), pp 41-57. April 2016.
  • Congrats! FIBE Best paper award to Bogdan Stacescu
  • Øyvind Norli awarded best lecturer award in the Executive MBA program