Ødegaard, Bernt Arne
Degrees
Ph.D. of Finance, Carnegie Mellon University. 1992.
Master of Economics and Business Administration, (Høyere Avdelings Eksamen), Norwegian School of Economics and Business Administration (NHH). 1987.
Experience
Professor of Finance, University of Stavanger, August 2008 –
Researcher. Central Bank of Norway. 1997 to date.
Professor of Finance (part time) Norwegian School of Economics and Business Administration. 2011-2012.
Associate Professor, Finance. Norwegian School of Management, Oslo, Norway. 1995 to june 2008.
Visiting Scholar, University of Oslo, Fall 2006.
Project responsible for numerous research projects financed by the Norwegian Research Council and the Financial Market Fund, since 1997.
Consultant. Asset Allocation. Norges Bank Investment Management. 2000–2001.
Visiting Assistant Professor, Finance. University of British Columbia, Vancouver, Canada. 1994–95.
Assistant Professor, Finance. University of Illinois, Chicago. 1992-94.
Articles in Refereed Journals
Stock Market Liquidity and the Business Cycle. (with Randi Næs and Johannes Skjeltorp). Journal of Finance, 2011, vol LXVI, no 1, 139–176.
The diversification cost of large, concentrated equity stakes. How big is it? Is it justified? Finance Research Letters, 6 (2009), 56–72.
Price differences between equity classes. Corporate Control, Foreign ownership or Liquidity? Journal of Banking and Finance, 31 (2007), 3621-3645.
Linear and Nonlinear Exchange Rate Exposure (with Richard Priestley). Journal of International Money and Finance 26, (2007), 1016–1037.
Equity Trading by Institutional Investors. To Cross or Not to Cross (with Randi Næs). Journal of Financial Markets, 9 (2006) 79–99.
Exchange Rate Regimes and the Price of Exchange Rate Risk (with Richard Priestley). Economics Letters 82 (2004) 181-188.
Patterns of corporate ownership: Insights from a unique data set (with Øyvind Bøhren). Nordic Journal of Political Economy, 2001.
Estimating tax rates implied in prices of default free bonds (with Richard C Green). Journal of Finance, 1997.
Articles in Refereed Journals (in Norwegian)
Nøytral skattlegging av finansielle instrument? (with Benn Folkvord) forthcoming in Praktisk Økonomi og Finans.
Egenkapitalutvidelser på Oslo Børs (with Erlend Kvaal) Praktisk Økonomi og Finans 2011
Statlig eierskap på Oslo Børs, Praktisk Økonomi og Finans 4/2009.
Hva koster det å handle aksjer på Oslo Børs?, Praktisk Økonomi og Finans, 1/2009, pages 93-102.
Hvilke faktorer driver kursutviklingen på Oslo Børs? (with Randi Næs and Johannes Skjeltorp), Norsk Økonomisk Tidskrift, vol 122, no 2, pages 36-81, 2008.
Book chapters
Governance and performance revisited (with Øyvind Bøhren). In International Corporate Governance after Sarbanes-Oxley, Paul Ali and Greg Gregouriu (ed), Wiley. February 2006.
Norsk eierskap: Særtrekk og sære trekk (with Øyvind Bøhren). In Einar Hope (ed). Næringspolitikk for en ny økonomi. Fagbokforlaget 2002.
Books
Financial Numerical Recipes (in C++). Apr 2007.
Textbook available on the web at http://www1.uis.no/ansatt/odegaard.
Research monographs
The Duration of Equity Ownership at the Oslo Stock Exchange 1989–1999 (with Richard Priestley and Øyvind Bøhren). Jan 2006.
Corporate governance and economic performance in Norwegian listed firms (with Øyvind Bøhren). 2001.
The ownership structure of Norwegian firms: Characteristics of an outlier (with Øyvind Bøhren.) 2000.
Other publications
Likviditeten i aksjemarkedet og realøkonomien, Samfunnsøkonomen, 2/2011, 22-24.
Treg forskning – eller treg kritikk?, Dagens Næringsliv, 13 dec 2010
Aksjemarkedslikviditet og konjunkturer,Dagens Næringsliv, nov 2010.
Om aksjeroboter, markedseffisiens, og regulering. Dagens Næringsliv, 27 oct 2010.
Bransjeammensetningen av Oslo Børs (with Randi Næs and Johannes Skjeltorp), Praktisk Økonomi og Finans, 4/2008. Pages 65-73.
Hvor mange aksjer skal til for å ha en veldiversifisert portefølje på Oslo Børs? Praktisk Økonomi og Finans, 1/2006.
Valutasikring i norske selskap (with Øystein G Børsum) Praktisk Økonomi og Finans. 1/2005.
Currency hedging in Norwegian non-financial firms, (with Øystein G Børsum) Norges Bank Economic Bulletin 3/2005.
Norsk eierskap: Særtrekk og sære trekk (with Øyvind Bøhren). Praktisk Økonomi og finans. 3/2003.
Derivater og finansiell risikostyring. Praktisk Økonomi og finans. 2000.
Prisforskjeller mellom aksjeklasser. Praktisk Økonomi og Finans. 1999.
Opsjoner i en Porteføljestrategi. (with Thore H Johnsen). Praktisk Økonomi, 1987.
Unpublished Working Papers
Robothandel og Oslo Børs. Feb 2012
Why do listed firms pay for market making in their own stock? (with Johannes Skjeltorp) Feb 2012.
Market activity and liquidity in the Norwegian bond market (with Kjetil Rakkestad and Johannes Skjeltorp) Dec 2011.
Liquidity and Asset Pricing: Evidence on the Role of Investor Holding Period (with Randi Næs). Nov 2009.
The information content of market liquidity: An empirical analysis of liquidity at the Oslo Stock Exchange (with Johannes Skjeltorp) Nov 2009.
Investor Short-Termism and Firm Value (with Richard Priestley and Øyvind Bøhren). Aug 2009.
Who moves equity prices? Monthly evidence Feb 2009.
The Liquidity of the Oslo Stock Exchange. (with Randi Næs and Johannes Skjeltorp). Apr 2008.
Long Swings in the Dollar and the Exchange Rate Exposure of US Industries (with Richard Priestley). Mar 2006.
The ownership structure of repurchasing firms (with Johannes A Skjeltorp) Feb 2004.
Another look at Breadth of Ownership and Asset Returns (with Richard Priestley). Dec 2005.
New Evidence on Exchange Rate Exposure (with Richard Priestley). Sep 2002.
Empirical Tests of Models of Catastrophe Insurance Futures (with Knut Aase). 1996. Wharton School Center for Financial Institutions, Working paper 96-18.
Empirical tests for changes in the autocorrelation of stock index returns. Apr 1994.
March 2012