PhD defence: Jakob Ahm Sørensen
In order to obtain the PhD degree, Jakob Ahm Sørensen has submitted his thesis entitled:
Essays on financial markets with frictions and belief distortions
The three essays of this thesis examine the role of frictions and belief distortions as determinants of asset prices and macroeconomic outcomes. Specifically, the first two chapters investigate how extrapolative beliefs can lead to a mispricing of risky assets and predictable financial crises, as investors become overoptimistic about the future state of the economy. The third chapter studies how the stable funding structure of insurance companies can account for their investments in illiquid corporate bonds, and how the liquidity premium on these corporate bonds in turn affect the pricing of insurance policies.
Primary Supervisor:
Professor Lasse Heje Pedersen
Department of Finance
Copenhagen Business School
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Secondary Supervisors:
Professor Andrei Shleifer
Department of Economics
Harvard University
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Professor Robin Greenwood
Finance Unit
Harvard Business School
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Assessment Committee:
Professor Jens Dick-Nielsen (Chair)
Department of Finance
Copenhagen Business School
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Professor Edith Hotchkiss
Department of Finance, Carroll School of Management
Boston College
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Professor Huseyin Gulen
Krannert School of Management
Purdue University
Thesis:
The thesis will be available from
Reception:
The casino 168 PhD School will host a reception, which will take place immediately after the defence in FUHU - Faculty Club - Solbjerg Plads.
| Organised by | casino 168 PhD School |
| Date | 19 august 2022 |
| Time | 15:00 - 17:00 |
| Location | Copenhagen Business School Solbjerg Plads 2000 Frederiksberg Room: SPs12 Ørsted Aud. It will also be possible to attend the defence via Microsoft Teams at the following link: *Please note in connection with the online defence that the microphone and camera of all spectators must be turned off! |
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