About me


I am an assistant professor at the University of Zurich and the Swiss Finance Institute. My research interests include corporate finance, money, liquidity and investments. My work has appeared in the Journal of Financial Economics, Journal of Financial and Quantitative Analysis and the Journal of Financial Intermediation.

My teaching is primarily in the areas of corporate finance and I regularly teach courses on mergers and acquisitions on the master level and empirical corporate finance at the PhD level.

Academic Positions

8/2010 - Present: Assistant Professor

Department of Banking and Finance, University of Zürich (UZH) and Swiss Finance Institute

9/2009 - 12/2009: Sabbatical

Swiss Banking Institute, University of Zürich

6/2008 - 6/2011: Associate Professor of Finance (with tenure)

Norwegian School of Economics (NHH)

9/2005 - 6/2008: Assistant Professor of Finance

Norwegian School of Economics (NHH)



Social Interaction at Work with Hans K. Hvide
Forthcoming Journal of Financial Economics.

Money and Liquidity in Financial Markets with Kjell G. Nyborg
Journal of Financial Economics, (2014) 112, 30-52.

The Shareholder Base and Payout Policy with Andriy Bodnaruk
Journal of Financial and Quantitative Analysis, (2013) 48, 729-760.

Does investor recognition predict returns? with Andriy Bodnaruk
Journal of Financial Economics, (2009) 91, 202-226.

Disclosure, Investment and Regulation
Journal of Financial Intermediation, (2006) 15, 285-306 (Lead Article).

Working Papers

Evidence of Excess Comovement in US Mergers with Christoph Wenk

Passive Shareholders as a Takeover Defense with Andriy Bodnaruk, Pengjie Gao and Hayoung Yun

Work in Progress

Money and Correlations with Kjell Nyborg and Zexi Wang

Identification through Fixed Effects

Liquidity and Order-Imbalance in Euro-area Sovereign Bond Markets with Thomas Richter


European Winter Finance Summit (EWFS)

I will chair the 2016 EWFS meeting in Davos (call for papers)

International Finance and Banking Society (IFABS) 

I was the co-chair of the 2015 IFABS meeting in Hangzhou


9/1999 - 10/2005: Ph.D. in Finance

Stockholm School of Economics

Dissertation: Corporate Disclosure and Investor Recognition

Scholarships: Bankforskningsintitutet and Jan Wallander and Tom Hedelius Stiftelse.

9/1997 - 6/1998: M.Sc. in Accounting and Finance

London School of Economics

9/1994 - 6/1997: B.Sc. in Economics

London School of Economics