L. (Lars) Norden

Lars Norden is an associate professor of finance at the Rotterdam School of Management, Erasmus University (RSM).

His research interests include financial intermediation, empirical banking, credit derivatives, credit ratings, and empirical finance.

His work has been published in the leading academic journals in the field including the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of Banking and Finance, and Small Business Economics.

Professor Norden is the academic director of the Master of Science in Finance & Investments. He is a regular presenter at major industry conferences including the AEA, AFA, WFA, EFA, and FIRS.

Before joining RSM in 2009, he was an assistant professor at the University of Mannheim.

He has been a visiting faculty member at Indiana University in the US and the research centre of the Deutsche Bundesbank in Germany.

Professor Norden holds a doctoral degree in business administration from the University of Mannheim in Germany and graduate degrees from the University of Mannheim and ESSEC Business School in France.

• Articles (16)
  • Behr, P., Norden, L. & Noth, F. (2013). Financial Constraints of Private Firms and Bank Lending Behavior. Journal of Banking and Finance, Accepted.
  • Dierkes, M., Erner, C., Norden, L. & Langer, Th. (2013). Business credit information sharing and default risk of private firms. Journal of Banking and Finance, Accepted.
  • Illueca, M., Norden, L. & Udell, G. (2013). Liberalization and Risk Taking: Evidence from Government-controlled Banks. Review of Finance, Accepted.
  • Norden, L., Roosenboom, P.G.J. & Wang, T. (2013). The impact of government intervention in banks on corporate borrowers' stock returns. Journal of Financial and Quantitative Analysis, Accepted.
  • Grunert, J. & Norden, L. (2012). Bargaining power and information in SME lending. Small Business Economics, 39(2), 401-417.
  • Kirschenmann, K. & Norden, L. (2012). The relationship between borrower risk and loan maturity in small business lending. Journal of Business Finance and Accounting, 39(5-6), 730-757.
  • Foos, D., Norden, L. & Weber, M. (2010). Loan growth and riskiness of banks. Journal of Banking and Finance, 34(12), 2929-2940.
  • Norden, L. & Weber, M. (2010). Credit line usage, checking account activity, and default risk of bank borrowers. The Review of Financial Studies, 23(10), 3665-3699.
  • Norden, L. & Weber, M. (2010). Funding Modes of German Banks: Structural Changes and their Implications. Journal of Financial Services Research, 38(2-3), 69-93.
  • Norden, L. & Weber, M. (2009). The Co-Movement of credit default swap, bond and stock markets: an empirical analysis. European Financial Management, 15(3), 529-562.
  • Norden, L. & Wagner, W. (2008). Credit derivatives and loan pricing. Journal of Banking and Finance, 32(12), 2560-2569.
  • Norden, L. & Weber, M. (2006). Möglichkeiten und Grenzen der Bewertung von Ratingsystemen durch Markt und Staat. Schmalenbach Business Review, 52(05), 31-54.
  • Grunert, J., Norden, L. & Weber, M. (2005). The role of non-financial factors in internal credit ratings. Journal of Banking and Finance, 29(2), 509-531.
  • Norden, L. & Weber, M. (2004). Informational efficiency of credit default swap and stock markets: The impact of credit rating announcements. Journal of Banking and Finance, 28(11), 2813-2843.
  • Grunert, J., Kleff, V., Norden, L. & Weber, M. (2002). Mittelstand und Basel II: Der Einfluss der neuen Eigenkapitalvereinbarung für Banken auf die Kalkulation von Kreditzinsen. Zeitschrift fur Betriebswirtschaft, 72(10), 1045-1064.
  • Norden, L. (2002). Spezialbanken und Basel II: Eine empirische Untersuchung interner Ratingsysteme. Die Betriebswirtschaft, 62(3), 273-288.

• Books
  • Norden, L. (2009). Information and risk in bank lending: Empirical evidence. Mannheim: Habilitationsschrift, University of Mannheim.

• Book contributions
  • Norden, L. (2001). Gewährung und Gestaltung einer Fremdfinanzierung – Entscheidungen in der Kreditpraxis. In F. Eisenfuehr, T. Langer & M. Weber (Eds.), Fallstudien zu rationalem Entscheiden (pp. 49-68). Berlin: Springer Verlag.

• Professional publications
  • Kortüm, B., Norden, L. & Weber, M. (). Rechtzeitig analysieren - Die Messung von Konzentrationsrisiken im Kreditgeschäft ist wichtig. Bankinformation und Genossenschaftsforum, pp. 42-46.

• Doctoral thesis
  • Norden, L. (2004, juli 07). Kreditderivate: Zwischen Kapitalmarkt und bankbetrieblicher Verwendung. University of Mannheim (234 pag.) (Mannheim: Dissertation). Prom./coprom.: M. Weber & U. Schreiber.

• Organisation membership (4)

  Organisation	American Economic Association
  Role	Member
  URL	http://www.aeaweb.org/
  Organisation	American Finance Association
  Role	Member
  URL	http://www.afajof.org/
  Organisation	Deutsche Gesellschaft für Finanzwirtschaft
  Role	Member
  URL	http://www.dgf.info/
  Organisation	European Finance Association
  Role	Member
  URL	http://www.efa-online.org/