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NBIM Hosts Second Annual Financial Research Conference

20 June 2012

Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, on 19 June hosted its second annual financial research conference.

The conference is organised as part of the Norwegian Finance Initiative (NFI), set up by NBIM to promote financial economic research and education in areas relevant to the long-term management of the fund. This year’s event was held in Oslo and included sessions on well-functioning markets and time-varying expected returns.

“The Norwegian Finance Initiative and the Norwegian Financial Research Conference are important contributions to the long-term management of the fund,” Norway’s Minister of Finance Sigbjørn Johnsen said in an opening speech at the conference.

Øyvind Norli and Richard Priestley, professors at the Norwegian Business School – BI, were named as the first academics to receive bonuses from the NFI for getting articles published in recognised journals.

 “The publication bonus has been established by the Norwegian Finance Initiative to provide incentives for existing faculty to go the extra mile to produce high-quality, high-impact research,” Norges Bank Governor Øystein Olsen said in closing remarks. “As scholars in Norway begin to respond to these incentives, they in turn will help to set expectations for their peers and students, leading to a virtuous cycle.”

About 120 participants attended the conference. The speakers were Richard Green, professor at Tepper School, Ingrid Werner, professor at Fisher College, Øyvind Norli, professor at BI Norwegian Business School, Per Strömberg, professor at Stockholm School of Economics, Annette Vissing-Jørgensen, professor at Kellogg School of Management, Pedro Santa-Clara, professor at Nova School, Pierre Collin-Dufresne, professor at Columbia Business School and Bernard Dumas, professor at INSEAD. 

Closing remarks by Governor Øystein Olsen