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)

Teaching and supervision

Current teaching responsibilities

  • Corporate Finance (BE311)

  • Corporate Finance (BE350)

  • EBS Integrated Programmes: Dissertation (BE983)

  • Student Success Tutorial (BE917)

Previous supervision

Kiet Tuan Duong
Kiet Tuan Duong
Thesis title: Essays in Behavioural Corporate Finance
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 2/2/2021
Ayotunde Oyelakin
Ayotunde Oyelakin
Thesis title: Essays in Empirical Corporate Finance
Degree subject: Accounting and Finance
Degree type: Doctor of Philosophy
Awarded date: 8/4/2020
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 (22)

Instefjord, N. and Kenc, T., Implementing Real Options Valuation under Macroeconomic Risk and Normally Distributed Cash Flows. International Econometric Review. 16 (1), 50-67

Instefjord, N. and Nakata, H., (2023). Micro-Prudential Regulation and Loan Monitoring. Journal of Financial Services Research. 63 (3), 339-362

Shen, Z., Li, H., Instefjord, N. and Liu, X., (2023). Audit committee equity incentives and stock price crash risk. Review of Quantitative Finance and Accounting. 62 (3), 1145-1190

Duong, KT., Banti, C. and Instefjord, N., (2021). Managerial conservatism and corporate policies. Journal of Corporate Finance. 68, 101973-101973

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

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

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. 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

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

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

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

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

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

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

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

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

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

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