People

Dr Norvald Instefjord

Reader (R)
EBS - Finance
Dr Norvald Instefjord
  • Email

  • Telephone

    +44 (0) 1206 874160

  • Location

    EBS.3.24, Colchester Campus

  • Academic support hours

    You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911

Profile

Qualifications

  • Sivilokonom, Sivilokonom HAE; (Norwegian School of Economics)

  • PhD (London Business School)

Research and professional activities

Research interests

Corporate finance

banking and regulation

financial markets and market microstructure

Teaching and supervision

Current teaching responsibilities

  • Corporate Finance (BE311)

  • Corporate Finance (BE350)

  • Postgraduate Mathematics Preparation (BE399)

Previous supervision

Xinyang Luan
Xinyang Luan
Thesis title: Essays on International Stock and Bond Returns
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 12/10/2016
Maryam Alhalboni
Maryam Alhalboni
Thesis title: Essays on Market Microstructure for a Portfolio of Dividend Paying Firms Around Ex-Dividend Days
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 16/12/2015

Publications

Journal articles (18)

Instefjord, N. and Frantz, P., (2019). Debt Overhang and Non-Distressed Debt Restructuring. Journal of Financial Intermediation. 37, 75-88

Instefjord, N. and Frantz, P., (2018). Regulatory Competition and Rules/Principles Based Regulation. Journal of Business Finance and Accounting. 45 (7-8), 818-838

Instefjord, N., Nawosah, V. and Yang, P., (2016). A contingent claims analysis of optimal investment subsidy. Journal of Economic Dynamics and Control. 73 (C), 354-372

Shen, Z., Coakley, J. and Instefjord, N., (2014). Earnings management and IPO anomalies in China. Review of Quantitative Finance and Accounting. 42 (1), 69-93

Shen, Z., Coakley, J. and Instefjord, N., (2013). Investor participation and underpricing in lottery-allocated Chinese IPOs. Pacific-Basin Finance Journal. 25 (C), 294-314

Frantz, P., Instefjord, N. and Walker, M., (2013). Executive Compensation: A Model of Disclosure Choice. Journal of Business Finance & Accounting. 40 (9-10), 1184-1220

Frantz, P. and Instefjord, N., (2013). Corporate Governance and the Cost of Borrowing. Journal of Business Finance & Accounting. 40 (7-8), 918-948

Frantz, P. and Instefjord, N., (2009). Large shareholders and corporate governance. Economics of Governance. 10 (4), 297-321

Instefjord, N. and Sasaki, K., (2008). Informational leverage: the problem of noise traders. Annals of Finance. 4 (4), 455-480

Instefjord, N. and Sasaki, K., (2007). Proprietary trading losses in banks: do banks invest sufficiently in control?. Annals of Finance. 3 (3), 329-350

Frantz, P. and Instefjord, N., (2007). Socially and privately optimal shareholder activism. Journal of Management & Governance. 11 (1), 23-43

Frantz, P. and Instefjord, N., (2006). Voluntary Disclosure of Information in a Setting in which Endowment of Information has Productive Value. Journal of Business Finance Accounting. 33 (5-6), 793-815

Instefjord, N., (2006). Forecasting risk, informed speculation, and financial innovation. Journal of Financial Intermediation. 15 (1), 67-85

Instefjord, N., (2005). Risk and hedging: Do credit derivatives increase bank risk?. Journal of Banking & Finance. 29 (2), 333-345

Instefjord, N., (1999). A simple model of market liquidity. Economics Letters. 64 (3), 329-337

Instefjord, N., (1999). The Market for Corporate Control and the Agency Paradigm. Review of Finance. 3 (1), 1-22

Instefjord, N., (1998). Financial Innovation and Delegation of Control.. The Economic Journal. 108 (451)

Instefjord, N., Jackson, P. and Perraudin, W., (1998). Securities fraud. Economic Policy. 13 (27), 585-623

Scholarly Editions (3)

Instefjord, N., Market Transparency, Immediacy and Financial Intermediation

Instefjord, N., Information, Liquidity and Capital Structure

Instefjord, N., (1998). Financial Innovation and Delegation of Control

Contact

ninstef@essex.ac.uk
+44 (0) 1206 874160

Location:

EBS.3.24, Colchester Campus

Academic support hours:

You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911