The Finance Research Group brings together several experts in areas of finance research based at Aalborg University Business School. The research portfolio is extensive and includes, among others:

• corporate finance
• asset management
• corporate governance
• asset pricing
• portfolio choice
• empirical finance
• quantitative finance
• financial econometrics

The group is connected to a number of international-based research networks, and the research conducted is aimed at the highest levels of international academic publication as well as dissemination through conferences and seminars. FRG members are experienced researchers with many publications in leading international journals.

In addition, we are responsible for the Finance education at Aalborg University Business School. Our most important study programme is the Master of Science in Finance, which combines our research-based environment with unique problem-based learning aimed at solving real problems in the financial sector. We also plan to have a steady intake of PhD students, both with university funding and in cooperation with the private sector.

Finance is concerned with the allocation of resources into financial assets and financial decision-making of corporations as well as individuals. It also studies the effects of regulation of financial markets, e.g., how banks react to more stringent capital requirements.

The research of the Finance Research Group at Aalborg University Business School spans all the major areas of Finance, including:

• asset pricing
• portfolio choice
• macro finance
• financial econometrics
• corporate finance

These areas reflect valuable complementarities within the group. That is, rather than restricting ourselves to focus exclusively one specific area, we aim to maintain competency within all the major areas of Finance. This comprehensiveness allows us to “import” insights from one area into another one.

Examples of topics that various members of the group have studied include:

• the effect of incomplete information on portfolio choice and asset prices
• asset return predictability and the forecastability of house prices
• mean-reversion in Bitcoin returns
• cash-holdings in private versus public firms

Our work appears regularly in well-established journals such as Management Science, the Journal of Banking and Finance and the European Economic Review. In addition, we present at international conferences and serve as reviewers, both for international academic conferences such as the annual meeting of the European Finance Association and for international academic journals. For an extensive list of publications, please refer to the header entitled “Publications”.

The affiliates of the Finance research group are all active researchers with solid international teaching experience at PhD, postgraduate, undergraduate and executive levels. Our flagship degree is the Master in Finance. The programme is built based on research-based and research-oriented teaching and provides students with a comprehensive grasp of the principles and applications of finance.

Read more about the courses here: https://www.en.aau.dk/education/master/economics-and-business-administration/specialisations/finance/academic-content/