Paul Ehling

Paul Ehling is an associate professor of financial economics at BI Norwegian Business School in Oslo, Norway. Before joining BI in 2005, he served on the faculty of the Pennsylvania State University. He received a PhD in Finance from HEC Lausanne and FAME in December 2003. Ehling has consulted on risk capital, corporate risk management, and interest rate risk management for various corporations and worked for a consultancy firm.

Selected Publications

Why firms purchase property insurance, 2008, Journal of Financial Economics, 90, 298-312 (with D. Aunon-Nerin).

Complete and incomplete financial markets in multi-good economies, 2015, Journal of Economic Theory, 160, 438-462 (with C. Heyerdahl-Larsen).

Correlations, 2017, Management Science, 63, 1919/1937 (with C. Heyerdahl-Larsen).

Disagreement about inflation and the yield curve, 2016, forthcoming Journal of Financial Economics (with M. Gallmeyer, C. Heyerdahl-Larsen, and Ph. Illeditsch).

Portfolio tax trading with carry-over-losses, 2016, forthcoming in Management Science (with M. Gallmeyer, S. Srivastava, S. Tompaidis, and B. Yang).

Asset prices and portfolio choice with learning from experience, 2017, forthcoming Review of Economic Studies (with A. Graniero and C. Heyerdahl-Larsen)

Teaching areas

Asset Pricing Theory (PhD) and Derivatives (MSc)

ACADEMIC DEGREES

• 2003 HEC Lausanne Ph.D.
• 1998 University of Basel Master of Science
• 1996 University of Basel B.S.

WORK EXPERIENCE

• 2005 - Present BI Norwegian Business School Associate Professor of Finance
• 2004 - 2005 Penn State Visiting Assistant Professor of Finance

CONFERENCE PAPERS

Yang, Chunyu; Ehling, Paul; Tompaidis, Stathis; Gallmeyer, Michael; Srivastava, Sanjay. 

Portfolio Tax Trading with Carry-Over Losses. Academic Seminar; 2016-03-22 - 2016-03-22 BI

Yang, Chunyu; Ehling, Paul; Tompaidis, Stathis; Gallmeyer, Michael; Srivastava, Sanjay. 

Portfolio Choice with Capital Gain Taxation and the Limited Use of Losses. American Finance Association Annual Meeting 2015; 2015-01-03 - 2015-01-05 BI

Yang, Chunyu; Ehling, Paul; Tompaidis, Stathis; Gallmeyer, Michael; Srivastava, Sanjay. 

Portfolio Choice with Capital Gain Taxation and the Limited Use of Losses. Young Scholars Nordic Finance Workshop; 2014-11-27 - 2014-11-28 BI

Xiouros, Costas; Ehling, Paul; Cooper, Ilan; Zhanhui, Chen. 

Risk Aversion Sensitive Real Business Cycles. World Finance Conference; 2013-06-29 BI

Ehling, Paul. 

Some Like it Safe: Agency and Corporate Purchase of Insurance. European Finance Association Annual Meeting; 2010-08-25 - 2010-08-28 BI

Ehling, Paul. 

Risk Management with Cash and Insurance in Non-Listed Firms. European Winter Finance Summit 2009; 2009-03-22 - 2009-03-25 BI

RESEARCH REPORTS

Graniero, Alessandro; Ehling, Paul; Heyerdahl-Larsen, Christian. 

Asset Prices and Portfolio Choice with Learning from Experience. Handelshøyskolen BI 2016 45 p. BI

Xiouros, Costas; Ehling, Paul; Cooper, Ilan; Zhanhui, Chen. 

Risk Aversion Sensitive Real Business Cycles. : Center of Asset Pricing Research 2016 47 p. BI

Ehling, Paul; Haushalter, David. 

When does cash matter? Evidence from private corporations. : Handelshøyskolen BI 2011 53 p. BI

SCIENTIFIC ARTICLES

Ehling, Paul; Heyerdahl-Larsen, Christian. 

Complete and incomplete financial markets in multi-good economies. Journal of Economic Theory 2015 ;Volume 160. p. 438-462 BI

Aunon-Nerin, Daniel; Ehling, Paul. 

Why firms purchase property insurance. Journal of Financial Economics 2008 ;Volume 90.(3) p. 298-312 BI

Ehling, Paul; Ramos, Sofia B.. 

Geographic versus industry diversification: Constraints matter. Journal of Empirical Finance 2006 ;Volume 13.(4/5) p. 396-416 BI