University of Gothenburg

Centre for Finance

Handelshögskolan library

Welcome to the Centre for Finance - CFF! We have research since many years in close collaboration with the business community as well as other financial researchers within Sweden and abroad. Our successful researchers within finance are being published in highly ranked journals.

CFF as a strong research centre within finance was made possible with a grant from VINNOVA in 2010, including co-financing from the business community, the University of Gothenburg and the School of Business, Economics and Law.

CFF's mission is to contribute to a sustainable financial system through:
◾Excellent research focusing on financial intermediation, specifically the interaction between financial institutions and business/households.
◾An open and creative multidisciplinary research environment.
◾Close interaction with practitioners, education and society at large.

CFF’s vision is to advance the understanding and practice of financial intermediation and to be the leading Nordic research center in this field, with expertise in great demand. It is also to be a highly regarded and exciting arena for collaboration among researchers, students, financial practitioners and policy makers.

We gratefully acknowledge the support by the Second Swedish National Pension fund - AP2, Handelsbanken, former also SEB, SKF, Volvo, the Independent saving banks in Western Sweden - fristående sparbankerna i Västra Sverige and the foundation for the Centre for Finance - Stiftelsen Centrum för finans.

Välkomna till CFF Professional seminar med Annika Wallenskog, Chefsekonom SKR, Sveriges Kommuner och Regioner.

"En favorit i repris - Regionernas ekonomiska utmaningar" - the seminar will be held in Swedish

Dag: onsdag 11:e oktober, 2023
Tid: 15:15
Plats: E44, Handelshögskolan, Vasagatan 1

Ingen anmälan behövs, välkomna!

Välkomna till CFF Professional seminar med Joachim Gahm, Investment Banking at Greenhill & Co

"Blowing in the Wind – Renewables in the future"

Dag: onsdag 8:e november, 2023
Tid: 15:15
Plats: E44, Handelshögskolan, Vasagatan 1

Ingen anmälan behövs, välkomna!

Välkomna till CFF Professional seminar med Jörgen Petersen, Finansanalytiker Kommuninvest

"Kreditbedömning av kommuner" - the seminar will be held in Swedish

Dag: onsdag 15:e november, 2023
Tid: 15:15
Plats: E44, Handelshögskolan, Vasagatan 1

Ingen anmälan behövs, välkomna!

CFF seminar with Professor Russel Wermers

We will have a special finance seminar on August 24 (Thursday), 12.05-13.15, in E44, given by Russell Wermers from the University of Maryland. Russ is a professor of finance and also an Erik Malmsten Visiting Professor. He is vising us August 14-25 and will come back for two more weeks in May/June 2024. You can find more information about Russ here:

If you are interested in meeting with Russ, please sign up here:

All meetings will take place in his office in B5. The exact office number will come soon. He will also be available for meetings on August 25 (Friday) after 10am. Feel free to drop by his office for a chat.

Instead of presenting one paper, Russ plans to present a line of research he is currently working on. His talk should be interesting not only to finance people but also to anyone interested in text analysis. Below please find a more detailed description of his talk.

Language and culture tend to be intimately related to each other. For instance, it is often difficult to express an emotion or concept that is clear in English in another language, such as Mandarin--due both to differences in syntax and cultural norms between the U.S. and China. This difficulty is compounded in financial news, where complex topics are involved (e.g., "Earnings Management" by corporate officers).

This talk will discuss two published papers that create, respectively, a high-quality financial sentiment dictionary in the U.S. and Chinese-Mandarin, and that apply these dictionaries to interpret the "sentiment" or "tone" of a particular news article about a particular corporation. Some main topics that will be covered include:

 1.  News of Different Types (Corporate Releases vs. Media Coverage; Anticipated vs. Unanticipated News) and their respective impact on institutional trading of stocks and short-term returns following the news release

 2.  Subtleties of different cultures in terms of their expression of business news

 3.  Some insight into research strategies in developing finance sentiment dictionaries

 4.  The importance of institutional investors in transmitting news information into stock prices

Finally, a new project that focuses on Japanese news will be briefly described.