Øyvind Bøhren
Professor of Finance


Øyvind Bøhren

My primary area of professional interest is corporate finance, where I have worked mostly with capital budgeting, valuation effects of taxation, seasoned equity offerings, dividend policy, and corporate governance.

My research is published in outlets like the Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Corporate Finance, European Finance Review, Journal of Banking and Finance, European Financial Management, Scandinavian Journal of Economics, International Review of Law and Economics, Economics Letters, Decision Sciences, Journal of Business Ethics, Journal of Economic Psychology, and Energy Economics.

Corporate governance is currently the area I work the most with. I am the founding director of the Centre for Corporate Governance Research (CCGR).

News


Recent publications

  • When does the family govern the family firm?, with Bogdan Stacescu, Line Almli, and Kathrine Søndergaard, Journal of Financial and Quantitative Analysis, forthcoming, 2019. SSRN
  • Modeling the response to exogenous shocks: The capital uplift rate in petroleum taxation, with Magnus Berg and Erik Vassnes, Energy Economics 69, 2018, pp. 442-455. SSRN
  • Shareholder conflicts and dividends, with Janis Berzins and Bogdan Stacescu, Review of Finance 22, 2018, pp. 1807-1840. SSRN
  • Mandatory gender balance and board independence, with Siv Staubo, European Financial Management, 2016, vol. 11-1, pp. 3-30. SSRN
  • Does mandatory gender balance work? Changing organizational form to avoid board upheaval, with Siv Staubo, Journal of Corporate Finance 28, 2014, pp. 152–168. SSRN
  • Stakeholder rights and economic performance: The profitability of non-profits, with Morten G. Josefsen, Journal of Banking and Finance 37, 2013, pp. 4073-4086. SSRN
  • The economics of minority freezeouts: Evidence from the courtroom, with Nils Erik Krosvik, International Review of Law and Economics 36, 2013, pp. 48-58. SSRN

Work in progress

  • Shareholder illiquidity and firm payout, with Janis Berzins and Bogdan Stacescu.
  • The performance permium of family firms, with Janis Berzins and Bogdan Stacescu.

Key publications

  • When does the family govern the family firm?, with Bogdan Stacescu, Line Almli, and Kathrine Søndergaard, Journal of Financial and Quantitative Analysis, forthcoming, 2019. SSRN
  • Shareholder conflicts and dividends, with Janis Berzins and Bogdan Stacescu, Review of Finance 22, 2018, pp. 1807-1840. SSRN
  • The economics of minority freezeouts: Evidence from the courtroom, with Nils Erik Krosvik, International Review of Law and Economics 36, 2013, pp. 48-58. SSRN
  • The agent's ethics in the principal-agent model, Journal of Business Ethics 17, 1998, pp. 745-755. PDF
  • Why underwrite rights offerings? Some new evidence, with B. Espen Eckbo and Dag Michalsen. Journal of Financial Economics 46, 1997, pp. 223-261. SSRN
  • Theory development processes in the social sciences: The case of stochastic choice theory. Journal of Economic Psychology 11, no. 1, 1990, pp. 1-34. PDF
  • Capital budgeting with unspecified discount rates, with Terje Hansen, Scandinavian Journal of Economics 82, no. 1, 1980, pp. 45-58. PDF
  • Consistent rankings based on total and differential amounts under uncertainty, with Steinar Ekern, Decision Sciences 10, no. 4, 1979, pp. 519-526. PDF

Recent working papers

  • The governance and finance of Norwegian family firms: Main characteristics of the population, with Janis Berzins and Bogdan Stacescu, May, 2018. SSRN
  • Dividends and taxes: The moderating role of agency conflicts, with Janis Berzins and Bogdan Stacescu, December, 2018. SSRN