• Liquidity and shareholder activism 

      Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (Journal article; Peer reviewed, 2015)
      Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target rms' stock ...
    • Safe Haven CDS Premiums 

      Klingler, Sven; Lando, David (Journal article; Peer reviewed, 2018)
      Credit default swaps can be used to lower the capital requirements of dealer banks entering into uncollateralized derivatives positions with sovereigns. We show in a model that the regulatory incentive to obtain capital ...