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
Klein Teeselink, B., van Dolder, D., van den Assem, MartijnJ. and Dana, JasonD. (2026). High-Stakes Failures of Backward Induction Games and Economic Behavior, 157:418--439.
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 Journal of Econometrics, 254:1--23.
Capera Romero, L. and Opschoor, A. (2026). Revisiting EWMA in High‐Frequency‐Based Portfolio Optimization: A Comparative Assessment Journal of Applied Econometrics.
Henkel, L. and Pugnaghi-Zimpelmann, C. (2026). Proud to Not Own Stocks: How Identity Shapes Financial Decisions Review of Financial Studies.
Discussion Papers
26-039/IV - Remote Work and the Corporate Hierarchy
Date: June 24, 2026
26-034/IV - Trust in flood protection: Spillovers from prior experience with non-flood hazards
Date: June 11, 2026
26-029/IV - Floods and homeowners' financial resilience: Survey-based evidence from the Netherlands
Date: June 05, 2026
26-010/IV - 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
Upcoming events
Seminar
| Amsterdam | 12:45 - 14:00
Title to be announced
Constantine Yannelis (University of Cambridge, United Kingdom)
- TI Finance Research Seminars
Seminar
| Amsterdam | 12:45 - 14:00
What Is the Carbon Premium a Premium On?
Marcin Kacperczyk (Imperial College London)
- TI Finance Research Seminars
Seminar
| Amsterdam | 16:00 - 17:15
Title to be announced
Joseph Zechner (WU Vienna, Austria)
- TI Finance Research Seminars
Seminar
| Amsterdam | 12:45 - 14:00
Title to be announced
Hyeyoon Jung (Federal Reserve Bank of New York, United States)
- TI Finance Research Seminars
Seminar
| Amsterdam | 12:45 - 14:00
Title to be announced
Marcus Opp (Stockholm School of Finance, Sweden)
- TI Finance Research Seminars
Academic Distinctions
July 14, 2026
Matthijs Korevaar awarded with NWO SSH XS grant
Matthijs Korevaar
July 09, 2026
Luca Henkel appointed as Senior Fellow at the Microsoft AI Economy...
Luca Henkel
July 09, 2026
Norman Seeger appointed as University Chair Professor in Quantitative...
Norman Seeger