Externally Funded Research Projects

"Third Aarhus Workshop on Strategic Interaction in Corporate Finance" (PI; granted DKK 80'000)

The Carlsberg Foundation supports the Third Aarhus Workshop on Strategic Interaction in Corporate Finance, Aarhus, August 17-19, 2025.

Keynote speakers:

Simon Gervais (Duke University)
Ernst Maug (University of Mannheim)

"Research stay at University of Mannheim" (PI; granted DKK 190'000)

The Aarhus University Research Foundation supports my research stay at University of Mannheim in April-July 2025.

Host: Alexandra Niessen-Ruenzi (University of Mannheim)

"Second Aarhus Workshop on Strategic Interaction in Corporate Finance" (PI; granted DKK 66'000)

The Carlsberg Foundation supports the Second Aarhus Workshop on Strategic Interaction in Corporate Finance, Aarhus, August 18-20, 2024.

Keynote speakers:

Itay Goldstein (Wharton School, University of Pennsylvania)
Mike Burkart (London School of Economics)

"Debt valuation and strategic interaction" (PI; granted DKK 2,847,650)

International partners: Christian Hilpert (Deakin University) and Alexander Szimayer (Hamburg University)

Expert panel:

Christopher Hennessy (London Business School)
David Lando (Copenhagen Business School)
Andrey Malenko (Boston College)
Marliese Uhrig-Homburg (Karlsruhe Institute of Technology)

Partly funded by project: Matthias Lassak (Aarhus University)

Duration: 01/01/2021 → 31/12/2024 Funded by The Independent Research Fund Denmark

Project workshop: Aarhus Workshop on Strategic Interaction in Corporate Finance, Aarhus, August 14-15, 2023

Output:

“The Information Value of Distress” (Management Science 2024)
“Managerial Overoptimism and Discretionary Disclosure” (Journal of Business Finance & Accounting 2026)
“Information sharing with blockchain” (Research Policy 2026)
“Financial Flexibility and Debt Maturity Concentration” (WP)
“Efficiency Implications of Knowledge Generation: Private Versus Public Firms” (WP)
“Credit Rating under Ambiguity” (WP)
“Bankruptcy Prediction with Incomplete Accounting Information” (WP)
“Clustered IPOs as a Commitment Device” (WP)
“Strategic Nondisclosure and Market Feedback” (WP)
“Voluntary Disclosure, Price Informativeness, and Efficient Investment” (WP)

Link to IRFD record

"The Firm's Life Cycle -- Investment and Financing Decisions"

Joint with Christian Riis Flor (PI) and Alexander Schandlbauer (both SDU)

International partner: Evgeny Lyandres (Tel Aviv University)

Duration: 01/01/2019 → 30/09/2021 Funded by Danish Agency for Science and Higher Education (International Network Programme)

Link to SDU record

"The Credit Ratings Game - revisited" (PI; granted EUR 10,000)

Funded by Europlace Institute of Finance, 2011

Output:

“Credit Rating Dynamics and Competition” (Journal of Banking & Finance 2014)