Past courses - 2023

Continuous-Time Models for Empirical Corporate Finance
OrganizerAarhus University
Instructor Christopher Hennessy (London Business School)
DatesOctober 24-26, 2023
PlaceAarhus University, Aarhus, Denmark
InformationThis course offers a practical tool-box of corporate finance models that can be mapped tightly to the data. Emphasis will be placed on practicality and simplicity, as opposed to theoretical rigor. Hence, we will focus on those models that are easiest to implement and build upon.

More information on the course website
ApplicationsRegistration deadline is October 1, 2023. Instructions for registration will be updated on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Denmark. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Survey Evidence in Finance
OrganizerGraduate School of Finance
Instructor Samuel Hartzmark (Carroll School of Management, Boston College
DatesOctober 4-6, 2023
PlaceAalto University School of Business, Espoo, Finland
Information

This course will explore survey design and the application of survey evidence to the study of finance. The class will include an overview of the literature surrounding survey design with a focus on learning how to design questions that elicit accurate and meaningful answers. It will discuss strengths and shortcomings of survey evidence and what finance applications are promising for its use. The course will cover the evolution of surveys in finance and discuss a number of current papers that utilize survey evidence. 

More information will be updated on the course website.
ApplicationsApplication deadline is September 22, 2023. Application instructions can be found on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Sustainable Finance
OrganizerGraduate School of Finance
Instructor Philipp Krüger (University of Geneva)
DatesAugust 21-25, 2023
PlaceAalto University School of Business, Espoo, Finland
InformationThis PhD course will provide an introduction to the dynamic and fast expanding research area of sustainable finance. We will start by discussing data and measurement related issues. In doing so, we will cover common ways of quantifying the environmental, social, and governance (ESG) profiles of firms, challenges regarding current data and measurement approaches, and also zoom in on the important topics of ESG reporting standards and disclosure requirements. The second part of the course will focus on the abundant research concerned with the financial performance implications of ESG. We will consider performance issues from both the firm and the invstor perspective. The third part of the course will address the topic of greenwashing and more generally institutional investor behavior when it comes to ESG and sustainability considerations. The fourth part will provide an overview of issues related to GHG emissions and discuss climate finance more generally. In the last part of the course, we will study ESG and sustainability considerations in other asset classes (e.g., fixed income or private equity).

More information on the course website.
ApplicationsApplication deadline is August 6, 2023. Application instructions can be found on the course website.
Travel Grant
NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Financial Intermediation Theory
OrganizerGraduate School of Finance
Instructor Itay Goldstein (Wharton School, University of Pennsylvania)
DatesAugust 1-3, 2023
PlaceAalto University School of Business, Espoo, Finland
InformationMore information will be updated on the course website.
ApplicationsApplication deadline is June 29, 2023. Application instructions can be found on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available. Please note that the NFN office is closed in July, make sure to submit your travel grant application before July.

Continuous Time Finance
OrganizerSwedish House of Finance, Stockholm School of Economics
Instructor Johan Waldén (Haas School of Business, UC Berkeley)
DatesAugust 1-11, 2023
PlaceStockholm School of Economics, Stockholm, Sweden
InformationMore information will be updated on the course page.
ApplicationsPlease register by sending an email to course secretary Jenny Wahlberg Andersson at jenny.wahlberg.andersson (@) hhs.se by June 30, 2023.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Sweden. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.Please note that the NFN office is closed in July, make sure to submit your travel grant application before July.

Informational Cascades: Theory and Applications
OrganizerSwedish House of Finance, Stockholm School of Economics
Instructor Ivo Welch (UCLA)
DatesJune 5-9, 2023
PlaceStockholm School of Economics, Stockholm, Sweden
InformationMore information will be updated on the course page.
ApplicationsPlease register by sending an email to course secretary Jenny Wahlberg Andersson at jenny.wahlberg.andersson (@) hhs.se by May 30, 2023.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Sweden. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Household Finance
OrganizerLund University
Instructor Kaveh Majlesi (Monash Business School & Lund University)
DatesMay 15-16, 2023 (on-campus sessions in Lund)
PlaceLund University, Lund, Sweden
InformationThe course will be taught in hybrid mode. Outline of the course schedule:

1. End of March: video lectures distributed to registered participants
2. Lasf week of April: online sessions to discuss the material covered in the lecture videos
3. May 15-16: on-campus sessions in Lund

See course syllabus here
ApplicationsPlease contact ulf.persson (@) nek.lu.se for registrations.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Sweden. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Empirical Corporate Finance
OrganizerGraduate School of Finance
Instructor Renée Adams (Saïd Business School, University of Oxford)
DatesMay 4-6 & 15-16, 2023
PlaceAalto University School of Business, Espoo, Finland
InformationThis course offers a doctoral level introduction to Empirical Corporate Finance and aims to prepare doctoral students to do research on their own in this field. More information will be updated on the course website.
ApplicationsApplication deadline is April 19, 2023. Application instructions can be found on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Dynamic Corporate Finance  
OrganizerCopenhagen Business School
Instructor Thomas Geelen (Copenhagen Business School)
DatesApril 11-14, 2023
PlaceCopenhagen Business School, Frederiksberg, Denmark
Information Recent advances in dynamic corporate finance. The aim of this course is two fold. First, it further develops understanding of stochastic calculus and dynamic optimization. Second, it examines how these tools are applied in state of the art theoretical corporate finance research. The course will cover several corporate finance topics: leverage and debt maturity choice; investment in innovation; due diligence, cash holdings, and debt runs

More information on the course website
ApplicationsApplication deadline is March 1, 2023. Application instructions can be found on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Denmark. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

 

Topics in Empirical Asset Pricing
OrganizerGraduate School of Finance
Instructor Tarun Chordia (Emory University)
DatesApril 11-14, 2023
PlaceAalto University School of Business, Espoo, Finland
InformationMore information will be updated on the course website. This NFN course refers to part II of the GSF course Empirical Asset Pricing. This intensive course is worth 3 ECTS credits.
ApplicationsApplication deadline is March 20, 2023. Application instructions can be found on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

 

Empirical Finance: Fixed Income
OrganizerCopenhagen Business School
Instructor Peter Feldhütter (Copenhagen Business School)
DatesMarch 8 -22, 2023
PlaceCopenhagen Business School, Frederiksberg, Denmark
Information This course is a course on fixed income at the PhD level. The course attempts to lay the groundwork for students who will later do actual empirical research work in fixed income. It is therefore a hands on course where the students will have to perform analysis on actual data, and where the examples are chosen to illustrate the typical questions asked in finance research. The focus is on classic estimation methods, but the course will also, where relevant, outline recent developments.
ApplicationsRegistration deadline is February 1, 2023. Link to registration can be found on the course website. Course fee is waived for NFN students.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Denmark. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

 

Empirical Finance: Identification Strategies in Corporate Finance
OrganizerCopenhagen Business School
Instructor Kasper Meisner Nielsen (Copenhagen Business School)
DatesFebruary 28 - March 1, 2023
PlaceCopenhagen Business School, Frederiksberg, Denmark
Information The course is designed to provide an introduction to some of the empirical methods used to identify causal effects in corporate finance. We will examine how to estimate causal effects in the presence of potentially unobserved confounding factors and how to make proper statistical inference about empirical estimates. The goal of the course is to provide PhD students with a methodological framework that will enhance their ability to design sound identification strategies in the area of corporate finance.

The course content has three main elements:
1. The students will be introduced to the main empirical methods used to identify causal effects in corporate finance. The lectures cover the main econometric challenges as well as guidance on how to estimate causal effects.
2. The course combines lectures on microeconometrics with lectures on seminal papers that apply the empirical methods to research questions in the area of corporate finance.
3. The course has a two problem sets that students must complete.

More information on the course website.
ApplicationsRegistration deadline is January 20, 2023. Link to registration can be found on the course website. Course fee is waived for NFN students.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Denmark. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Big Data Asset Pricing
OrganizerCopenhagen Business School
Instructor Lasse Heje Pedersen & Theis Ingerlsev Jensen (Copenhagen Business School)
DatesFebruary 16 - March 23, 2023
PlaceCopenhagen Business School, Frederiksberg, Denmark
Information The aim of the class is to introduce Ph.D. students in finance and related fields to empirical asset pricing research methods using big data.

The course provides students with empirical asset pricing tools to use big data to analyze modern topics in financial economics. The course starts with a quick overview of asset pricing, empirical asset pricing, and how to work with big financial data. The course then covers the factor zoo, multiple testing adjustments, replication, machine learning in asset pricing, and asset pricing with frictions. In addition to the theoretical discussion, the students will gain access to a large data set of global equity returns and use this data to solve several mandatory exercises, which constitute an essential part of the course.

More information on the course website.
ApplicationsRegistration deadline is January 5, 2023. Link to registration can be found on the course website. Course fee is waived for NFN students.
Travel Grant NFN offers Travel Grants to cover part of the travel expenses for attending PhD students in finance coming from Nordic institutions outside of Denmark. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.