Per Östberg

Associate Professor of Finance Faculty Member, Swiss Finance Institute at University of Zurich

Associate Professor of Finance, University of Zurich/ SFI Faculty Member at Swiss Finance Institute

Schools

  • Swiss Finance Institute
  • University of Zurich

Links

Biography

University of Zurich

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.

Employment

  • 2017-present Associate Professor, Department of Banking and Finance, University of Zürich, Faculty Member, Swiss Finance Institute.
  • 2010-2017 Assistant Professor, Department of Banking and Finance, University of Zürich, Swiss Finance Institute Assistant Professor.
  • 2008-2011 Associate Professor of Finance (with tenure), Norwegian School of Economics and Business Administration.
  • 2005-2008 Assistant Professor of Finance, Norwegian School of Economics and Business Administration.

Education

  • 2005 Ph.D. in Finance, Stockholm School of Economics. Dissertation: Corporate Disclosure and Investor Recognition Scholarships: Bankforskningsintitutet and Jan Wallander and Tom Hedelius Stiftelse.
  • 1998 M.Sc. in Accounting and Finance, London School of Economics.
  • 1997 B.Sc. in Economics, London School of Economics.

Research Interest

  • Corporate Finance
  • Investments
  • Liquidity

Teaching

  • Corporate Finance
  • Takeovers, Restructuring and Corporate Governance

Publications

Journal Article

  • Monitoring market participants, externals and financial transactions in a global financial stability environment Östberg Per, Duygun Meryem, Miao Jianjun In: Journal of Banking and Finance, Vol. 119, p. 105937-105937, October 2020
  • Social interaction at work Östberg Per, Hvide Hans K In: Journal of Financial Economics, Vol. 117, (3), p. 628-652, September 2015
  • Money and liquidity in financial markets Nyborg Kjell G., Östberg Per In: Journal of Financial Economics, Vol. 112, (1), p. 30-52, May 2014
  • The shareholder base and payout policy Östberg Per, Bodnaruk Andriy In: Journal of Financial and Quantitative Analysis, Vol. 48, (3), p. 729-760, June 2013
  • Does investor recognition predict returns? Östberg Per, Bodnaruk Andriy In: Journal of Financial Economics, Vol. 91, (2), p. 208-226, January 2009
  • Disclosure, investment and regulation Östberg Per In: Journal of Financial Intermediation, Vol. 15, (3), p. 285-306, January 2006

Swiss Finance Institute

Per Östberg is Associate Professor of Finance at the University of Zurich. Professor Östberg is a regular speaker at finance conferences and seminars worldwide and has served on the program committees of several conferences. His research interests include financial markets, household finance, and corporate finance.

Expertise

Professor Östberg is focusing on the latest European sovereign debt crisis. Using high-frequency data, he shows that episodes of market turmoil in the European sovereign bond market were usually associated with large decreases in trading volume. The response, in trading volume, to market stress was essentially related to transaction costs. Low transaction cost turmoil episodes were associated with volume increases, during which investors rebalanced their portfolios, while high transaction cost turmoil periods were associated with abnormally low volume, during which the market froze. Overall, his results suggest that the European sovereign debt crisis was not associated with large-scale investor rebalancing.

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