Bernt Arne Ødegaard | University of Stavanger

Contact

Telephone: 5183 3787

Email: bernt.a.odegaard@uis.no

Room: EOJ 235

Department

UiS School of Business and Law

Department of Economics and Finance

About me

Bernt Arne Ødegaard is a Professor of Finance at the University of Stavanger (UiS). He has a PhD from Carnegie Mellon University (1992). He has previously taught at the Unversities of Illinois (Chicago) and British Columbia (Vancouver), the Norwegian School of Management BI (Oslo), the Norwegian School of Economics (NHH), and Copenhagen Business School (CBS), and has been with the Norwegian Central Bank’s research department. Together with Magnus Dahlquist he recently made an academic evaluation of the Norwegian Government Pension Fund Global (the “Oil Fund”) on behalf of the Norwegian Ministry of Finance. His research interests include empirical asset pricing, market microstructure and corporate governance. His research is publised in journals like Journal of Finance, Financial Management, Journal of Financial Markets, Journal of International Money and Finance and Journal of Banking and Finance. He has, with Professor Peter Bossaerts at Caltech, written a textbook: Lectures on Corporate Finance.

Publications

Vitenskapelige publikasjoner

Berle, Erika Christie; He, Wanwei; Ødegaard, Bernt Arne

(2025)

The stock market and corporate consequences of ethical exclusions by the world's largest fund.

Journal of international financial markets, institutions, and money.

ISSN 1042-4431.

Volum 102.

DOI: 10.1016/j.intfin.2025.102174

Eckbo, B. Espen; Ødegaard, Bernt Arne

(2025)

Director informativeness following board gender balancing: Evidence from insider trading.

Journal of Corporate Finance.

ISSN 0929-1199.

Volum 94.

DOI: 10.1016/j.jcorpfin.2025.102851

Menkveld, Albert; Dreber, Anna; Holzmeister, Felix; Huber, Juergen; Johannesson, Magnus; Kirchler, Michael; Neusus, Sebastian; Razen, Michael; Weitzel, Utz; Abad-Diaz, David; Abudy, Menachem; Adrian, Tobias; Ait-Sahalia, Yacine; Akmansoy, Olivier; Alcock, Jamie T.; Alexeev, Vitali; Aloosh, Arash; Amato, Livia; Amaya, Diego; Angel, James J.; Avetikian, Alejandro T.; Bach, Amadeus; Baidoo, Edwin; Bakalli, Gaetan; Bao, Li; Bardon, Andrea; Bashchenko, Oksana; Bindra, Parampreet C.; Bjønnes, Geir Høidal; Black, Jeffrey R.; Black, Bernard S.; Bogoev, Dimitar; Correa, Santiago Bohorquez; Bondarenko, Oleg; Bos, Charles S.; Bosch-Rosa, Ciril; Bouri, Elie; Brownlees, Christian; Calamia, Anna; Cao, Viet Nga; Capelle-Blancard, Gunther; Romero, Laura M. Capera; Caporin, Massimiliano; Carrion, Allen; Caskurlu, Tolga; Chakrabarty, Bidisha; Chen, Jian; Chernov, Mikhail; Cheung, William; ter Ellen, Saskia; Ødegaard, Bernt Arne; Longarela, Inaki Rodriguez; Wika, Hans C.; Yuferova, Darya

(2024)

Non-Standard Errors.

Journal of Finance.

ISSN 0022-1082.

Volum 79.

Hefte 3.

DOI: 10.1111/jofi.13337

Foley, Sean; Meling, Tom Grimstvedt; Ødegaard, Bernt Arne

(2022)

Tick Size Wars: The Market Quality Effects of Pricing Grid Competition.

Review of Finance.

ISSN 1572-3097.

Volum 27.

Hefte 2.

s.659-692.

DOI: 10.1093/rof/rfac032

Sean, Foley; Kwan, Amy; Phillip, Richard; Ødegaard, Bernt Arne

(2021)

Contagious Margin Calls: How COVID-19 threatened global stock market liquidity.

Journal of financial markets.

ISSN 1386-4181.

DOI: 10.1016/j.finmar.2021.100689

Ødegaard, Bernt Arne

(2019)

Norges Banks aktive forvaltning av Statens Pensjonsfond Utland (Oljefondet).

Samfunnsøkonomen.

ISSN 1890-5250.

Volum 133.

Hefte 1.

s.16-27.

Jørgensen, Kjell; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2018)

Throttling hyperactive robots - Order to Trade Ratios at the Oslo Stock Exchange.

Journal of financial markets.

ISSN 1386-4181.

Volum 37.

s.1-16.

DOI: 10.1016/j.finmar.2017.09.001

Skjeltorp, Johannes A.; Ødegaard, Bernt A

(2015)

When do listed firms pay for market making in their own stock?.

Financial Management.

ISSN 0046-3892.

Volum 44.

Hefte 2.

s.241-266.

DOI: 10.1111/fima.12058

Eckbo, B. Espen; Ødegaard, Bernt Arne

(2015)

Metoder for evaluering av aktiv fondsforvaltning.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum 31.

Hefte 4.

s.343-364.

Folkvord, Benn; Ødegaard, Bernt A.

(2012)

Nøytral skattlegging av finansielle instrument?.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum [29].

Hefte 1.

s.90-94.

Næs, Randi; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2011)

Stock Market Liquidity and the Business Cycle.

Journal of Finance.

ISSN 0022-1082.

Volum 66.

Hefte 1.

s.139-176.

DOI: 10.1111/j.1540-6261.2010.01628.x

Kvaal, Erlend; Ødegaard, Bernt A.

(2011)

Egenkapitalutvidelser ved Oslo Børs.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum [28].

Hefte 2.

s.109-128.

Ødegaard, Bernt Arne

(2009)

Hva koster det å handle aksjer på Oslo Børs?.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum 25.

Hefte 1.

Ødegaard, Bernt Arne

(2009)

The diversification cost of large, concentrated equity stakes. How big is it? Is it justified?.

Finance Research Letters.

ISSN 1544-6123.

Volum 6.

Hefte 2.

s.56-72.

DOI: 10.1016/j.frl.2009.01.003

Ødegaard, Bernt Arne

(2009)

Statlig eierskap på Oslo Børs.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum 26.

Hefte 4.

s.71-90.

Næs, Randi; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2008)

Hvilke faktorer driver kursutviklingen på Oslo Børs?.

Norsk økonomisk tidsskrift.

ISSN 1890-0658.

Volum 122.

Hefte 2.

Priestley, Richard; Ødegaard, Bernt Arne

(2007)

Linear and Nonlinear exchange rate exposure.

Journal of International Money and Finance.

ISSN 0261-5606.

Volum 26.

s.1016-1037.

Ødegaard, Bernt Arne

(2007)

Price differences between equity classes, Corporate Control, foreign ownership, or liquidity?.

Journal of Banking & Finance.

ISSN 0378-4266.

Volum 31.

s.3621-3645.

Næs, Randi; Ødegaard, Bernt Arne

(2006)

Equity trading by institutional investors: To cross or not to cross?.

Journal of financial markets.

ISSN 1386-4181.

Volum 9.

Hefte 2.

s.79-99.

Bøhren, Øyvind; Ødegaard, Bernt Arne

(2006)

Governance and performance revisited. I: International Corporate Governance after Sarbanes-Oxley, Paul Ali and Greg Gregoriou (ed).

IEEE Press.

s.27-64.

Ødegaard, Bernt Arne; Børsum, Øystein G

(2005)

Valutasikring in norske selskaper.

Praktisk økonomi & finans.

ISSN 1501-0074.

Hefte 1.

Priestley, Richard; Ødegaard, Bernt Arne

(2004)

Exchange rate regimes and the price of exchange rate risk.

Economics Letters.

ISSN 0165-1765.

Volum 82.

s.181-188.

Bøhren, Øyvind; Ødegaard, Bernt Arne

(2003)

Norsk eierskap: Særtrekk og sære trekk.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum 20.

s.3-17.

Bøhren, Øyvind; Ødegaard, Bernt Arne

(2002)

Norsk eierskap: Særtrekk og sære trekk. I: Næringspolitikk for en ny økonomi.

Fagbokforlaget.

ISBN 82-7674-833-3.

s.91-110.

Bøhren, Øyvind; Ødegaard, Bernt Arne

(2001)

Patterns of corporate ownership: insights from a unique data set.

Nordic Journal of Political Economy (NOPEC).

ISSN 0805-7508.

Volum 27.

s.55-86.

Ødegaard, Bernt Arne

(1999)

Prisforskjeller mellom aksjeklasser.

Praktisk økonomi & finans.

ISSN 1501-0074.

Hefte 3.

s.81-89.

Bøker og kapitler

Ødegaard, Bernt Arne

(2022)

The impact of procyclical margin requirements on financial market liquidity in Hong Kong .

Ødegaard, Bernt Arne

(2018)

A Review of Norges Bank's Active Management of the Government Pension Fund Global.

Meling, Tom Grimstvedt; Hvide, Hans K.

(2017)

Market Design and Stock Liquidity. Three Essays in Market Microstructure.

Universitetet i Bergen.

ISBN 978-82-308-3977-5.

Rakkestad, Ketil; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2012)

The liquidity of the Secondary Market for Debt Securities in Norway.

Hefte FSR Memo 1/2012.

Ødegaard, Bernt Arne; Kvaal, Erlend

(2010)

Egenkapitalutvidelser ved Oslo Børs 1980-2009.

Universitetet i Stavanger.

Hefte 2010/9.

Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2010)

Why do firms pay for liquidity provision in limit order markets?.

Universitetet i Stavanger.

Hefte 3.

Bøhren, Øyvind; Priestley, Richard; Ødegaard, Bernt Arne

(2009)

Investor short-termism and firm value.

Handelshøyskolen BI.

Bøhren, Øyvind; Priestley, Richard; Ødegaard, Bernt Arne

(2006)

The duration of equity ownership at the Oslo Stock Exchange 1989-1999.

Handelshøyskolen BI.

Hefte 2.

Ødegaard, Bernt Arne; Børsum, Øystein G

(2005)

Currency hedging in Norwegian non-financial firms.

Norges Bank.

Dai, Qinglei; Ongena, Steven; Rydqvist, Kristian; Ødegaard, Bernt Arne

(2004)

Essays on international banking and tax-motivated trading.

Handelshøyskolen BI.

ISBN 82-7042-641-5.

Hefte 6/2004.

Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2004)

Trading in equity markets: A study of individual, institutional and corporate trading decisions.

Handelshøyskolen BI.

ISBN 82-7042-648-2.

Hefte 8/2004.

Bøhren, Øyvind; Ødegaard, Bernt Arne

(2001)

Corporate governance and economic performance in Norwegian listed firms.

Handelshøyskolen BI.

Hefte 11.

Bøhren, Øyvind; Ødegaard, Bernt Arne

(2000)

The ownership structure of Norwegian firms: Characteristics of an outlier.

Handelshøyskolen BI.

Ødegaard, Bernt Arne

(2000)

Price differences between equity classes. Corporate Control, Foreign Ownership og Liquidity? Evidence from Norway.

Handelshøyskolen BI.

Hefte 2.

Ødegaard, Bernt Arne

(2000)

Equity Trading by Institutional Investors. To Cross or Not to Cross?.

Handelshøyskolen BI.

Hefte 3.

Formidling

Ødegaard, Bernt Arne; Berle, Erika Christie; He, Wanwei

(2023)

The expected returns of ESG excluded stocks. Shocks to firms costs of capital? Evidence from the World's largest fund .

World Finance Conference;

2023-08-02 - 2023-08-03.

Ødegaard, Bernt Arne; Berle, Erika Christie; He, Wanwei

(2023)

The expected returns of ESG excluded stocks. Shocks to firms costs of capital? Evidence from the World's largest fund .

The Journal of Corporate Finance Special Issue Conference on Ownership and Corporate Social and Sustainable Policies;

2023-08-17 - 2023-08-18.

Ødegaard, Bernt Arne

(2020)

Hva har Covid-19 gjort med likviditeten på Oslo Børs?.

Finansavisen.

ISSN 0803-9518.

Folkvord, Benn; Ødegaard, Bernt Arne

(2018)

Norge mister milliarder i utbytteskatt.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2018)

Om minus og pluss i meravkastning.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2018)

Smiler hele veien til banken og enda lenger.

Aftenposten (morgenutg. : trykt utg.).

ISSN 0804-3116.

Ødegaard, Bernt Arne

(2018)

Misvisende og ikke faglig fundert..

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2016)

Statoil, Miller og Modigliani.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2015)

Verdiødeleggende forvaltning?.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2015)

Løgn, Forbandet Digt, og Statistikk.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2015)

Dagens Næringsliv.

Ødegaard, Bernt A

(2014)

Hukommelsestap i DNB.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt A

(2014)

Throttling hyperactive robots - Message to trade ratios at the Oslo Stock Exchange.

10th annual Central Bank Conference on Market Microstructure;

2014-10-01 - 2014-10-03.

Ødegaard, Bernt A

(2014)

Empirics of the Oslo Stock Exchange. Basic, descriptive, results 1980-2014.

UiS Working Papers in Economics and Finance.

Jørgensen, Kjell; Skjeltorp, Johannes A.; Ødegaard, Bernt A

(2014)

Throttling hyperactive robots - Message to trade ratios at the Oslo Stock Exchange.

UiS Working Papers in Economics and Finance.

Ødegaard, Bernt Arne

(2013)

Hva er DNBs bidrag?.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2013)

Bidrar banken?.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2013)

Når utbyttet uteblir....

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2013)

Spleiseslutt.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne; Skjeltorp, Johannes A.

(2013)

When do listed firms pay for market making in their own stock?.

Nasjonalt forskermøte for Økonomer;

2013-01-09 - 2013-01-10.

Ødegaard, Bernt Arne; Skjeltorp, Johannes A.

(2013)

When do listed firms pay for market making in their own stock?.

Workshop in Corporate Finance;

2013-06-13 - 2013-06-14.

Ødegaard, Bernt Arne; Skjeltorp, Johannes A.

(2012)

Why do listed firms pay for market making in their own stock?.

Nordic Corporate Governance Conference;

2012-06-16 - 2012-06-17.

Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2011)

Why do listed firms pay for market making in their own stock?.

European Finance Association Meetings;

2011-08-26 - 2011-08-28.

Næs, Randi; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2011)

Likviditeten i aksjemarkedet og realøkonomien.

Samfunnsøkonomen.

ISSN 1890-5250.

Volum 125.

Hefte 2.

s.22-24.

Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2011)

Why do listed firms pay for market making in their own stock?.

Arne Ryde conference on Finance;

2011-04-04 - 2011-04-05.

Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2011)

Why do listed firms pay for market making in their own stock?.

AFFI, French Finance Association meetings;

2011-12-14.

Ødegaard, Bernt Arne

(2010)

Robotsvikt.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2010)

Treg børs tyder på dårlige tider.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2010)

Treg børs - eller treg kritikk.

Dagens næringsliv.

ISSN 0803-9372.

Ødegaard, Bernt Arne

(2010)

Why do firms hire liquidity providers?.

utenTitteltekst;

2010-04-13.

Ødegaard, Bernt Arne

(2010)

Eierstruktur og verdiskapning.

utenTitteltekst;

2010-03-21.

Ødegaard, Bernt Arne

(2010)

Liquidity and the Business Cycle.

Central bank conference on macroeconomics and finance;

2010-06-02.

Ødegaard, Bernt Arne

(2010)

Likviditet og Konjunkturer.

utenTitteltekst;

2010-03-23.

Ødegaard, Bernt Arne

(2010)

Liquidity and the business cycle.

utenTitteltekst;

2010-05-21.

Ødegaard, Bernt Arne

(2010)

Faktorer på Oslo Børs.

utenTitteltekst;

2010-01-22.

Ødegaard, Bernt Arne

(2010)

Why do firms hire liquidity providers.

FIBE;

2010-01-04.

Ødegaard, Bernt Arne

(2010)

Stavanger-professor skal skrive børshistorie på nett.

Næs, Randi; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2008)

Bransjesammensetningen på Oslo Børs.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum 24.

Hefte 4.

Næs, Randi; Skjeltorp, Johannes A.; Ødegaard, Bernt Arne

(2008)

Bransjesammensetningen på Oslo Børs.

Praktisk økonomi & finans.

ISSN 1501-0074.

Volum 24.

Hefte 4.

Ødegaard, Bernt Arne

(2006)

Hvor mange aksjer skal til for å ha en veldiversifisert portefølje på Oslo Børs?.

Praktisk økonomi & finans.

ISSN 1501-0074.

Hefte 1.

s.85-89.

Ødegaard, Bernt Arne; Børsum, Øystein G

(2005)

Valutasikring i norske selskaper.

Penger og kreditt.

ISSN 0332-5598.

Volum 1.

Ødegaard, Bernt Arne; Berle, Erika Christie; He, Wanwei

(2003)

The expected returns of ESG excluded stocks. Shocks to firms costs of capital? Evidence from the World's largest fund .

Financial Management European Meetings 2023;

2003-06-09 - 2023-06-10.