The Finance Research Group (FRG) will form the backbone of the new cand.merc. finance specialization programme starting from the fall of 2020, where a number of exciting new courses in e.g. corporate finance, derivatives, asset management, mergers & acquisitions and financial economics are offered.
Members of the group
The Finance Research Group currently consists of five core members: Professors Lasse Bork (research group leader), Cesario Mateus, and Frederik Lundtofte (from December 1st) as well as assistant professors Irina Mateus and Douglas Turatti.
Examples of the research output of the group include the analysis of active portfolio management with the focus on wealth creation. It investigates whether mutual funds are able to deliver persistence in performance and answer a relevant and polemic question of whether portfolio managers are worth the fees they charge. Another research example includes the role of information in underpriced initial public offering (IPO), which is often seen in practice.
Cesario Mateus and Lasse Bork will be giving inaugural lectures Friday 4th of October from 14:30 – 16:00 with the titles “Does Active Portfolio Management Add Value?” and “The Role of Sentiment in Forecasting Financial Assets and the Housing Market”, respectively. The department will host a reception after the lectures.
Lasse Bork is a professor (WSR) and has been employed at the department since 2011 where he has taught a number of courses in finance, econometrics, and monetary policy. Before pursuing an academic career, he worked almost 15 years in the energy and banking industry. His main research is return predictability and the dynamic interaction between the housing market, the economy, and the financial markets. His research has been published in well-regarded journals such as International Journal of Forecasting and Management Science, among others.
Cesario Mateus is a Full Professor of Finance at Aalborg University, Denmark. Prior to joining the Department of Business and Management he worked for several Universities which include Grenoble Ecole de Management, Cass Business School, University of Greenwich, University of Southampton, Universitat Pompeu Fabra, University of Melbourne, Catholic University of Lisbon. He also worked for private and public companies (e.g. Portuguese Securities and Exchange Commission, Banco Comercial Portugues, Ocidental Insurance Company). His primary research focuses on corporate finance issues (capital structure, cash holdings, taxation, right issues, etc.); corporate governance (regulation, supervisory boards, and banks’ risk taking) and asset management (mutual funds’ performance, style investments). His research has been internationally recognised and published in an extensive range of peer-reviewed journals.
Frederik Lundtofte earned his PhD in Economics from Lund University in 2005, after which he spent two years as a post-doctoral research fellow at the University of St. Gallen. He then returned to Lund where he was promoted to Associate Professor (docent) in 2010. His research interests are in financial economics, more specifically within the areas of portfolio selection, asset pricing and banking, and his research has been published in well-regarded journals such as the European Economic Review and the Journal of Banking and Finance. He will join Aalborg University as a Full Professor of Finance in December.
Irina Mateus is an Assistant Professor of Finance at Aalborg University, Department of Business and Management. She has over six years of teaching experience at undergraduate and postgraduate levels at different universities in the UK. Her research focuses on corporate finance (investigates cash holdings and capital structure in private and public firms and analyses financial systems impact on SMEs’ external financing) and asset management (examines mutual funds’ performance and performance persistence). Her work has been published in the European Journal of Finance, the International Review of Financial Analysis, the Quarterly Review of Economics and Finance, the Journal of Asset Management, among others.
Douglas Turatti is Assistant Professor and has been employed in the department since June 2019. He obtained his PhD degree at Aarhus University, where he taught a number of courses in finance and econometrics. Prior to starting his PhD, he worked as a lecturer and research assistant at Federal University of Santa Catarina (Brazil). His main research interests are financial econometrics (stochastic volatility models), empirical finance (asset pricing), yield curve modeling, and the interactions between the macroeconomy and financial markets (macro financial linkages).