Kasper Meisner Nielsen

Kasper Meisner Nielsen is Professor of Finance at Copenhagen Business School and Research Fellow at the Danish Finance Institute (DFI). Professor Nielsen's past positions include Associate Professor at Hong Kong University of Science and Technology, Assistant Professor at Chinese University of Hong Kong, and Academic Director of the HKUST-NYU Stern Master of Global Finance. He received a B.Sc., a M.Sc. and a Ph.D. in economics from the University of Copenhagen.

Professor Nielsen's research interest is applied microeconometrics in the areas of corporate finance and household finance. He has studied the consequence of family succession on firm performance, the value of independent directors, and why individuals shy away from stocks. His research has featured in international newspapers and magazines including Business Week, Financial Times, Harvard Business Review, International Herald Tribune, The Economist, The Times of India, and Wall Street Journal.

Professor Nielsen's work has been published in academic journals including American Economic Review, The Quarterly Journal of Economics, Journal of Financial Economics, Review of Financial Studies, Management Science, and Review of Finance, and his reserach has been presented at more than 150 institutions across more than 30 countries. Professor Nielsen has been awarded with external financing from competitive research grants on several occasions.

RESEARCH INTERESTS

• Applied microeconometrics
• Corporate governance
• Entrepreneurial finance
• Family & privately held firms
• Household finance

JOURNAL ARTICLES

1.  "Gender differences in negotiation: Evidence from the real estate market"
   

   with Steffen Andersen, Julie Marx, and Lise Vesterlund The Economic Journal 137 (8), 2304-2332. August 2021.

2.  "Spillovers in prices: The curious case of haunted houses"
   

   with Utpal Bhattacharya and Daisy Huang Review of Finance 25 (3), 903-935. May 2021.

3.  "Does personal liability deter individuals from serving as independent directors?"
   

   with S. Lakshmi Naaraayanan Journal of Financial Economics 140 (2), 621-643. May 2021.

4.  "Sources of inaction in household finance: Evidence from the Danish mortgage market"
   

   with Steffen Andersen, John Y. Campbell, and Tarun Ramadorai American Economic Review 110 (10), 3184–3230. October 2020.

5.  "Once bitten, twice shy: The power of personal experiences in risk taking"
   

   with Steffen Andersen and Tobin Hanspal Journal of Financial Economics 132 (3), 97-117. June 2019.

6.  "Fire sales and house prices: Evidence from estate sales due to sudden death"
   

   with Steffen Andersen Management Science 63 (1), 201-212. January 2017.

7.  "What death can tell: Are executives paid for their contribution to firm value?"
   

   with Bang Dang Nguyen Management Science 60 (12), 2994-3010. December 2014.

8.  "Ability or finances as constraints on entrepreneurship? Evidence from survival rates in a natural experiment"
   

   with Steffen Andersen Review of Financial Studies 25 (12), 3684-3710. December 2012.

9.  "Private contracting and corporate governance: Evidence from the provision of tag-along rights in Brazil"
   

   with Morten Bennedsen and Thomas V. Nielsen Journal of Corporate Finance 18 (4), 904-918. September 2012.

10. "The return to pension funds' private equity investments: New evidence on the private equity premium puzzle"
    

    European Financial Management 17 (3), 436-463. June 2011.

11. "Participation constraints in the stock market: Evidence from unexpected inheritance due to sudden death"
    

    with Steffen Andersen Review of Financial Studies 24 (5), 1667-1697. May 2011.

12. "The value of independent directors: Evidence from sudden deaths"
    

    with Bang Dang Nguyen Journal of Financial Economics 89 (3), 550-567. December 2010.

13. "Incentive and entrenchment effects in European ownership"
    

    with Morten Bennedsen Journal of Banking and Finance 34 (9), 2212-2229. September 2010.

14. "The causal effect of board size in the performance of small and medium-sized firms"
    

    with Morten Bennedsen and Hans Christian Kongsted Journal of Banking and Finance 32 (6), 1098-1109. June 2008.

15. "Institutional investors and private equity"
    

    Review of Finance 12 (1), 185-219. January 2008.

16. "Inside the family firm: The role of families in succession decisions and performance"
    

    with Morten Bennedsen, Francisco Perez-Gonzalez, and Daniel Wolfenzon The Quarterly Journal of Economics 122 (2), 647-691. May 2007.

17. "The impact of a break-through rule on European firms"
    

    with Morten Bennedsen European Journal of Law and Economics 17 (3), 259-283. May 2004.

WORKING PAPERS

1. "Flying below the radar: Insider trading by executives below the top"
   

   with Hans K. Hvide. November 2021. Revise and resubmit, Journal of Finance.

2. "Winds of Change: Gender Quota on Boards in the face of Patriarchy"
   

   with S. Lakshmi Naaraayanan. December 2020.

3. "Stakes and mistakes"
   

   with Steffen Andersen and Abhiroop Mukherjee. March 2020.

4. "Beliefs and the Disposition Effect"
   

   with Steffen Andersen, Tobin Hanspal, and Jimmy Martinez Correa. September 2020. Revise and resubmit, Review of Finance.

5. "Loan to value limits and house prices"
   

   September 2019.

6. "Do financial misconduct experiences spur white collar crime?"
   

   with Seffen Andersen and Tobin Hanspal. November 2018.

7. "Personal costs of executive turnovers"
   

   October 2016. Revise and resubmit, Journal of Finance.

8. "When blockholders leave feet first: Do ownership and control affect value?"
   

   with Bang Dang Nguyen. June 2013.