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Cambridge Endowment for Research in Finance (CERF)

 

 

Andreas Charisiadis

Finance, Climate Change, and Optimal Contracting

This project encompasses two principal research domains:
The project studies the interplay between corporate organizational structure and financial outcomes, and explores the optimal design of decision-making processes as well as how intra-firm competition interacts with capital budgeting choices. In this context, the question of how different institutional frameworks necessitate different types of compensation schedules to optimally align employee incentives with shareholder value is analyzed.
The project also explores how financial markets and corporate finance are affected by climate change. In particular, I aim to study the role that existing incentive structures play in contributing to climate change as well as evaluate the design of mitigation mechanisms, such as tradable financial assets intended to internalize the external costs of environmentally harmful activities. Within this framework, key considerations surround the structuring and pricing of such financial assets.

Previous Pre-Docs:

Charlie Woodman, Cambridge Judge Business School, 2020/21

Title of research: Empirical Asset Pricing and Machine Learning

To research the existing literature relating to machine learning in the context of empirical asset pricing and stock price predictability. Specifically, I am interested in the application of computational methods to understand the cross section and time-series of asset returns, and the formation and collapse of so called “bubbles,” which are best described as periods of explosiveness in asset prices. The motivation for this project is to develop a research proposal for admission to the PhD in Finance in October 2021.

Latest news

Best Student Paper Award 2021 - winners announced

18 June 2021

For the last 13 years, Cambridge Finance is offering its Best Student Paper Award. The award comprises a cash honorarium of £1,000 and a certificate is awarded to the author of the best student paper in finance presented during the 2020-2021 academic year.

Best Student Paper Award 2021 - competition is now open

12 February 2021

For the last 13 years, Cambridge Finance is offering its Best Student Paper Award. The award comprises a cash honorarium of £1,000 and a certificate is awarded to the author of the best student paper in finance presented during the 2020-2021 academic year.