Finance
Finance is the field within economics that studies how financial frictions affect economic outcomes. In particular, it aims to understand how markets, corporations, and intermediaries behave as a result of these frictions. Researchers in the Finance field at Tinbergen Institute conduct both empirical and theoretical research in all major fields of finance, including asset pricing, corporate finance, financial institutions, behavioral finance, financial econometrics, and market microstructure.
Finance
Finance is the field within economics that studies how financial frictions affect economic outcomes. In particular, it aims to understand how markets, corporations, and intermediaries behave as a result of these frictions. Researchers in the Finance field at Tinbergen Institute conduct both empirical and theoretical research in all major fields of finance, including asset pricing, corporate finance, financial institutions, behavioral finance, financial econometrics, and market microstructure.
Researchers in this field
Fellows and Faculty
Fellows and Faculty
PhD Students
PhD Students
Key Publications
Terovitis, S. and Vladimirov, V. (2026). How Financial Markets Create Superstars Review of Financial Studies, :.
Johannes, M., Seeger, \NormanJ.\ and Stroud, \JonathanR.\ (2026). Time-varying macroeconomic announcement risk: This version: Revision 1 Journal of Econometrics, 254:1--23.
Boot, A. and Vladimirov, V. (2025). Disclosure, Patenting, and Trade Secrecy Journal of Accounting Research, 63(1):5--65.
Golez, B. and Koudijs, P. (2025). Equity duration and predictability Journal of Financial Economics, 172:.
Goyal, A., Reed, \AdamV.\, Smajlbegovic, E. and Soebhag, A. (2025). Stealthy shorts: Informed liquidity supply Journal of Financial Economics, 172:.
Discussion Papers
26-010/V - The Effects of Climate Change and Climate Policy on Credit Risk
Date: March 20, 2026
25-070/IV - What should we say, when we talk about financial stability with the public?
Date: December 11, 2025
25-058/IV - Carry Trade and Currency Crash Risk
Date: October 10, 2025
25-059/IV - On the Limits of Hedging Inflation Risk in Investment Portfolios
Date: October 10, 2025
25-040/IV - Sinking Land, Sinking Prices? Land Subsidence, Flood Risk, and Property Prices
Date: June 26, 2025
Upcoming events
Seminar
| Amsterdam | 12:00 - 13:00
Divine Catalysts: Religion and Portfolio Choices
Maxime Bonelli (London Business School, United Kingdom)
- TI Finance Research Seminars
Seminar
| Amsterdam | 12:45 - 14:00
Title to be announced
Emanuele Tarantino (European Commission, Belgium and Luiss, Italy (on leave)
- TI Finance Research Seminars
Seminar
| Rotterdam | 11:30 - 12:30
Title to be announced
Stefan Obernberger
- Brown Bag Seminars General Economics, Research on Monday
Seminar
| Amsterdam | 12:45 - 14:00
Title to be announced
Robin Lumsdaine (American University Washington, United States and Erasmus University Rotterdam)
- TI Finance Research Seminars
Seminar
| Amsterdam | 12:45 - 14:00
Title to be announced
Adam Zawadowski (Central European University, Austria)
- TI Finance Research Seminars
Academic Distinctions
February 05, 2026
Luca Henkel receives grant for research on real-world impact...
Luca Henkel
May 19, 2025
Rex Wang Renjie receives an NWO Open Competition SSH XS grant...
Rex Wang Renjie
July 17, 2024
Matthijs Korevaar receives Veni grant for research on rental...
Matthijs Korevaar