5-7 Aug 2026: I organize a PhD course "The social value of financial-market information" in Aarhus, taught by Philip Bond.
18-21 Aug 2027: We host the 54th European Finance Association (EFA) Annual Meeting in Aarhus.
24-26 Sep 2026: I present "Informative Financial Markets and Real Efficiency" at the German Finance Association in Düsseldorf.
12-14 Aug 2026: Itay Goldstein presents "Informative Financial Markets and Real Efficiency" at the Happy Valley Finance Conference in State College, PA.
5-7 Aug 2026: I organize a PhD course "The social value of financial-market information" in Aarhus, taught by Philip Bond.
2-4 Aug 2026: We organize the Aarhus Finance Forum - keynote speaker will be Philip Bond, University of Washington.
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10 Jul 2026: A new version of "Credit Rating Under Ambiguity" is available at SSRN.
8 Jul 2026: A new version of "Financial Flexibility and Debt Maturity Concentration" is available at SSRN.
9 Jun 2026: I present "Informative Financial Markets and Real Efficiency" and discuss "Manipulation-Free Trading Mechanisms: Auction Design Approach" at the SKEMA Conference on The Industrial Organization of Financial Markets in Sophia Antipolis / Nice.
3 Jun 2026: Matthias Lassak presents "Informative Financial Markets and Real Efficiency", and I discuss "Value-Maximization Spillovers in Merger Markets" at the SDU Finance Workshop in Odense.
1 Jun 2026: I present "Financial Flexibility and Debt Maturity Concentration" at the Lake District Workshop in Corporate Finance in Bowness-on-Windermere / Lancester.
19 May 2026: I present "Informative Financial Markets and Real Efficiency" in the Finance Research Seminar at Deakin University, Burwood / Melbourne.
12 May 2026: "Information sharing with blockchain" is published in Research Policy.
13-17 Apr 2026: I organize a PhD course "Modeling Behavioral Biases in Economics and Finance" in Aarhus, taught by Simon Gervais.
16 Apr 2026: A new version of "Financial Flexibility and Debt Maturity Concentration" is available at SSRN.
14 Apr 2026: A new version of "Target-Side Media Exposure and Takeover Outcomes: Evidence on Informational Salience and Bargaining Dynamics" is available at SSRN.
29 Jan 2026: A new version of "Credit Rating Under Ambiguity" is available at SSRN.
8 Dec 2025: I moved to a new work address, namely Universitetsbyen 55, Building 1816, office 539, DK-8000 Aarhus C.
27-28 Nov 2025: I organize the Young Scholars Nordic Finance Workshop 2025 in Aarhus - keynote speaker is Marcus Opp, Stockholm School of Economics.
12 Nov 2025: The program for the Young Scholars Nordic Finance Workshop 2025 in Aarhus is now available.
8 Oct 2025: Congratulations to Fynn Sowinski, who today defended his PhD thesis "Essays on Financial Decision-Making".
11 Sep 2025: I present "ESG Alignment and Supply Chain Dynamics: Evidence from U.S. Customer-Supplier Relationships", and Anil Kumar presents "Financial Flexibility and Debt Maturity Concentration", at the Corporate Finance Day in Groningen.
17-19 Aug 2025: Matthias Lassak and I host the Third Aarhus Workshop on Strategic Interaction in Corporate Finance.
28 Jul 2025: "Information sharing with blockchain" is accepted for publication in Research Policy.
8 Jul 2025: I present "ESG Alignment and Supply Chain Dynamics: Evidence from U.S. Customer-Supplier Relationships" in the Research Seminar Sustainable Accounting, Finance and Taxation at Georg-August-Universität Göttingen.
3 Jul 2025: I present "Financial Flexibility and Debt Maturity Concentration" and discuss "Two sides of the same coin: artificial intelligence, agency theory, and the evolving governance landscape" at the PFN 2025 Conference in Vilamoura.
1 Jul 2025: I act as member of the Assessment Committee at Zhuolu Gao's PhD Defence at Copenhagen Business School.
13 Jun 2025: I present "Financial Flexibility and Debt Maturity Concentration" and discuss "A Model of Greenwashing" at the FMA European Conference in Limassol.
4 Jun 2025: Negar Ghanbari presents "Financial Flexibility and Debt Maturity Concentration", and I discuss "Creating Intangible Capital" at the SDU Finance Workshop in Odense.
28 May 2025: I present "Financial Flexibility and Debt Maturity Concentration" and "ESG Alignment and Supply Chain Dynamics: Evidence from U.S. Customer-Supplier Relationships" and discuss "State Aid in Times of Crisis‚ How Did Fixed Cost Grants Help Firms to Cope with COVID-19?" and "The Strategic ESG Talk and Investor Bias" at the conference of the Association Française de Finance (AFFI) in Dijon.
22 May 2025: I present "Financial Flexibility and Debt Maturity Concentration" in the Brownbag Seminar at the University of Mannheim | Business School.
23 Apr 2025: A new version of "Information sharing with blockchain" is available at SSRN.
19 Apr 2025: I am starting a new position as Visiting Researcher at University of Mannheim.
9 Apr 2025: A new version of "Credit Rating Under Ambiguity" is available at SSRN.
21 Mar 2025: The Carlsberg Foundation supports our Third Aarhus Workshop on Strategic Interaction in Corporate Finance with DKK 80'000 (10'725€).
7 Mar 2025: A new working paper "Financial Flexibility and Debt Maturity Concentration" is available at SSRN.
15 Jan 2025: A new working paper "ESG Alignment and Supply Chain Dynamics: Evidence from U.S. Customer-Supplier Relationships" is available at SSRN.
6 Jan 2025: A new version of "Digital Rights Management in Finance: Evidence from M&A" is available at SSRN.
19 Dec 2024: I present "Efficiency Implications of Knowledge Generation: Private versus Public Firms" and discuss "Security Lending Market, Secondary Market Arbitrageurs, and ETF Mispricing" at the December Finance Meeting in Paris.
9 Dec 2024: The Call for Papers for the Third Aarhus Workshop on Strategic Interaction in Corporate Finance is published.
30 Sep 2024: A new working paper "Information sharing with blockchain" is available at SSRN.
28 Sep 2024: Matthias Lassak presents "Efficiency Implications of Knowledge Generation: Private versus Public Firms" at the German Finance Association in Aachen.
28 Sep 2024: I present "Credit Rating under Ambiguity" and discuss "Bonding with risk: corporate investment and savings in risky financial assets" at the German Finance Association in Aachen.
13 Sep 2024: Matthias Lassak presents "Efficiency Implications of Knowledge Generation: Private versus Public Firms" at the Corporate Finance Days in Leuven.
18-20 Aug 2024: Matthias Lassak and I host the Second Aarhus Workshop on Strategic Interaction in Corporate Finance.
7 May 2024: I discuss "Crises, Exchange Rates, and Supply-Chain Changes" at the PhD Nordic Finance Workshop in Bergen.
2&3 May 2024: I co-organize the DFI Research Fellow Retreat 2024 at Sandbjerg Manor, Sønderborg.
15 Mar 2024: I act as commentator for the 50% ‐ seminar of PhD student Hamid Cheraghali at University of Stavanger.
8 Feb 2024: I received DKK 66'000 from the Carlsberg Foundation to support the Second Aarhus Workshop on Strategic Interaction in Corporate Finance. Submission deadline 20 Feb 2024 approaching!
1 Jan 2024: "The Information Value of Distress" just appeared finally "printed" in Management Science, Volume 70, Issue 1, January 2024, Pages 78–97.
1 Dec 2023: The Call for Papers for the Second Aarhus Workshop on Strategic Interaction in Corporate Finance is published.
16 Nov 2023: I received a DFI Publication Scholarship of DKK 43'301 for "The Information Value of Distress".
24-26 Oct 2023: I organize the PhD course "Continuous-Time Models for Empirical Corporate Finance" taught by Christopher Hennessy.
29 Sep 2023: I present "Investment Timing and Market Feedback" at the German Finance Association in Stuttgart-Hohenheim.
26 Sep 2023: A new version of "Credit Rating under Ambiguity" is available at SSRN.
14 Sep 2023: I present "Credit Rating under Ambiguity" at SDU in Odense.
31 Aug 2023: I present "Credit Rating under Ambiguity" at the Econometric Society European Meeting in Barcelona.
13-15 Aug 2023: Matthias Lassak and I host the Aarhus Workshop on Strategic Interaction in Corporate Finance.
8 Aug 2023: Christian Hilpert presents "Credit Rating under Ambiguity" at the Australasian Meeting of the Econometric Society in Sydney.
30 Jun 2023: Christian Hilpert presents "Credit Rating under Ambiguity" at the Asian Meeting of the Econometric Society in Beijing.
23 Jun 2023: I present "Investment Timing and Market Feedback" at the FTG Summer School in Seattle.
14 Jun 2023: Aarhus Workshop on Strategic Interaction in Corporate Finance: Program available!
8 Jun 2023: I present "Investment Timing and Market Feedback" and discuss "R&D activities narrative disclosure: A new measure"
at the FMA European Conference in Aalborg.
7 Jun 2023: I discuss "Process Intangibles and Agency Conflicts" at the SDU Finance Workshop in Odense.
18 Mar 2023: I present "Investment Timing and Market Feedback" and discuss "Ambiguity and Corporate Yield Spreads"
at the Midwest Finance Association Annual Meeting in Chicago.
20 Dec 2022: "The Information Value of Distress" is published online in Management Science.
25 Nov 2022: I discuss "Investment-q Sensitivity under Endogenous Truncation" at the Young Scholars Nordic Finance Workshop in Oslo.
22 Nov 2022: A new version of "Bankruptcy Prediction with Incomplete Accounting Information" is available at SSRN.
16 Nov 2022: Aarhus Workshop on Strategic Interaction in Corporate Finance -- call for papers and web page are online.
1 Sep 2022: Welcome to Fynn Sowinski at Aarhus University! Fynn will be a PhD student under my supervision.
24 Aug 2022: A new version of "No News is Good News! Media Coverage and Corporate Takeover Characteristics" is available at SSRN.
19 Aug 2022: Our paper "The Information Value of Distress" is accepted for publication in Management Science.
27 Jul 2022: A new version of "The Information Value of Distress" is available at SSRN.
12 Jul 2022: I present "Bankruptcy Prediction with Incomplete Accounting Information" and discuss "Adverse Selection Without a Housing Boom: Evidence from Fannie Mae's Credit Risk Transfers" at the FMA European Conference in Lyon.
1 Jul 2022: Congratulations to Narmin Nahidi, who just defended her PhD thesis, which I had the pleasure to be co-supervising. All the best for your future journey!
21&22 Apr 2022: I co-organize the DFI Research Fellow Retreat 2022 at Sandbjerg Manor, Sønderborg.
23 Mar 2022: I present our new project "Investment Timing and Market Feedback" at Universitat Autònoma de Barcelona.
1 Mar 2022: I present our new project "Bankruptcy Prediction with Incomplete Accounting Information" at the NFN Webinar.
17 Feb 2022: I became a member of the board of the Nordic Finance Network (NFN) for Aarhus University.
16 Aug 2021: Welcome to Narmin Nahidi at Aarhus University! Narmin is a PhD student at Ca' Foscari University of Venice, visiting me for two months.
02 Aug 2021: Welcome to Matthias Lassak at Aarhus University! Matthias is partly funded by my research project "Debt valuation and strategic interaction".
09 Dec 2020: I received a DKK 2.8 million grant from The Independent Research Fund Denmark. News article.
09 Oct 2020: Added full CV
06 Oct 2020: hirth.dk moved to Google Sites