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PhD Programmes

Statement of aims

Department of Finance is included in the PhD Programme in Business Economics at CBS. Furthermore, it is a part of the Danish Doctoral School of Finance managed by Professor:

David Lando

The school was formed in 2002 as a collaboration between Finance Departments in Denmark, with the purpose of strengthening the education of PhD candidates in Finance.

The school is funded by a grant from the Danish Research Training Council and started as a doctoral research network in 1999 with funding from the Danish Social Science Research Council and the Danish Research Academy.

The aim of the Department of Finance is to educate PhD students at a high international level and to provide them with a wide theoretical and methodical insight into the discipline of Finance. In order to serve this purpose the Danish Doctoral School of Finance provides four courses in annual rotation within the fields of: Asset pricing I, Asset pricing II, Corporate Finance and Financial Econometrics. Furthermore, intensive courses in more specific financial or methodical subjects are offered continuously. Finally, the PhD students participate in an annual seminar, during which they present a working paper to other PhD students and advisors. This is an essential part in a process aiming at publications of the student’s work in international journals.

Research area of the Doctoral School and the department

The Research School deals with subjects related to the operations of the Department of Finance. These include:

  • Financing the company and the financial structure of the company
  • Allocation of profits
  • Portfolio theory
  • Optimal regulation of financial institutions
  • Pricing in financial markets
  • Investment calculation and real options
  • Derivative financial instruments as options, futures, warrants and swaps
  • Financial restructuring
  • Optimal incentive structure and the design of organisations based on incentive contemplation
  • Alternative ownership forms
  • Corporate Governance and the market for corporate control
  • International finance and international financial markets
  • Risk management and insurance
  • Financial decisions of the households
  • Pension finance
  • Financial regulations and legal regulation of financial activities.

Last updated by Betina Thestrup 30/03/2009