Håkan Jankensgård

Lund University - Department of Business Administration

Associate Professor

Box 117

SE-221 00 Lund, S-220 07

Sweden

Knut Wicksell Centre for Financial Studies

Box 7080

Lund, SE-220 07

Sweden

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 14,915

SSRN RANKINGS

Top 14,915

in Total Papers Downloads

4,303

SSRN CITATIONS
Rank 28,230

SSRN RANKINGS

Top 28,230

in Total Papers Citations

13

CROSSREF CITATIONS

19

Scholarly Papers (24)

Enterprise Risk Budgeting - Bringing Risk Management into the Financial Planning Process

Journal of Applied Finance, Spring/Summer 2009
Number of pages: 30 Posted: 28 Jun 2009 Last Revised: 01 Jul 2009
Alf Alviniussen and Håkan Jankensgård
Independent and Lund University - Department of Business Administration
Downloads 859 (35,332)
Citation 4

Abstract:

Loading...

Enterprise Risk Management, Risk Budgeting, Economic Capital, Risk Measures

2.

Cash-Flow-at-Risk and Debt Capacity

Number of pages: 18 Posted: 21 Nov 2008
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 737 (44,237)
Citation 3

Abstract:

Loading...

Cash-Flow-at-Risk, Risk management, Liquidity, Debt capacity, Shortfall risk

3.

A Theory of Enterprise Risk Management

Number of pages: 29 Posted: 25 Mar 2016 Last Revised: 08 Oct 2018
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 473 (77,785)
Citation 2

Abstract:

Loading...

Enterprise risk management, risk governance, risk aggregation

The Investor-Base Hypothesis of Stock Return Volatility: Empirical Evidence

Number of pages: 36 Posted: 02 Jun 2016
Håkan Jankensgård and Anders Vilhelmsson
Lund University - Department of Business Administration and Lund University - Department of Economics
Downloads 232 (168,266)
Citation 1

Abstract:

Loading...

Volatility, ownership, investor base, portfolio concentration

The Investor-Base Hypothesis of Stock Return Volatility: Empirical Evidence

Number of pages: 36 Posted: 28 Apr 2015 Last Revised: 02 Jun 2016
Håkan Jankensgård and Anders Vilhelmsson
Lund University - Department of Business Administration and Lund University - Department of Economics
Downloads 106 (323,573)
Citation 1

Abstract:

Loading...

Volatility, ownership, investor base, portfolio concentration

5.

Have You Got the Risk Right? On Risk Appetite, Strategic Planning, and a Truly Holistic Approach to Risk Management

Number of pages: 15 Posted: 16 Mar 2013
Alf Alviniussen and Håkan Jankensgård
Independent and Lund University - Department of Business Administration
Downloads 301 (129,766)
Citation 1

Abstract:

Loading...

Enterprise Risk Management, risk budgeting, risk appetite, risk capacity

6.

CEO Age, Risk Incentives, and Hedging Strategy

Number of pages: 45 Posted: 10 May 2014 Last Revised: 13 Dec 2016
Ettore Croci, Alfonso Del Giudice and Håkan Jankensgård
Catholic University of the Sacred Heart of Milan, Catholic University of the Sacred Heart of Milan - Department of Economics and Business Administration and Lund University - Department of Business Administration
Downloads 188 (205,034)
Citation 2

Abstract:

Loading...

Vega, executive compensation, hedging, options, CEO age

7.

Me, Myself and I: CEO Narcissism and Selective Hedging

Number of pages: 33 Posted: 16 Oct 2019
Emanuele Bajo, Håkan Jankensgård and Nicoletta Marinelli
University of Bologna - Department of Economics, Lund University - Department of Business Administration and University of Macerata - Department of Economics and Law
Downloads 150 (248,421)

Abstract:

Loading...

Risk management, derivatives, selective hedging, narcissism, upper echelon

8.

Corporate Hedging and Collateral Constraints: Evidence from a Difference-in-Difference Approach

Number of pages: 36 Posted: 17 Jun 2017 Last Revised: 10 Jan 2019
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 141 (260,970)
Citation 1

Abstract:

Loading...

Corporate hedging; financial distress, risk management, financial constraints, collateral constraints

9.

Financial Distress, Risk Shifting, and the Use of Options

Number of pages: 37 Posted: 17 Jan 2018 Last Revised: 18 Jan 2018
Håkan Jankensgård and Niclas Andrén
Lund University - Department of Business Administration and Lund University - Department of Business Administration
Downloads 138 (265,548)

Abstract:

Loading...

corporate hedging, risk shifting, financial distress, risk management, financial constraints

10.

The Risk-Return Tradeoff: A Six-Step Guide to Ending the Curse of Risk Appetite

Number of pages: 26 Posted: 21 May 2018 Last Revised: 04 Dec 2019
Alf Alviniussen and Håkan Jankensgård
Independent and Lund University - Department of Business Administration
Downloads 135 (270,185)

Abstract:

Loading...

Enterprise risk management, strategic risk-taking, risk budgeting, risk appetite, risk capacity

11.

Derivative Cash Flows and Corporate Investment

Number of pages: 31 Posted: 02 Apr 2018 Last Revised: 08 Oct 2018
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 127 (282,769)
Citation 1

Abstract:

Loading...

Corporate hedging; derivatives; derivative cash flow; corporate investment

12.

Why FX Risk Management Is Broken - And What Boards Need to Know to Fix It

IFN Working Paper No. 1078, 2015
Number of pages: 42 Posted: 26 Mar 2015 Last Revised: 25 Aug 2015
Håkan Jankensgård, Alf Alviniussen and Lars Oxelheim
Lund University - Department of Business Administration, Independent and Research Institute of Industrial Economics (IFN)
Downloads 126 (284,577)

Abstract:

Loading...

Foreign exchange, risk management, transparency, risk committee

13.

Disappearing Investment-Cash Flow Sensitivities: Earnings Have Not Become a Worse Proxy for Cash Flow

Number of pages: 33 Posted: 22 Dec 2016 Last Revised: 16 Jan 2017
Niclas Andrén and Håkan Jankensgård
Lund University - Department of Business Administration and Lund University - Department of Business Administration
Downloads 116 (302,024)

Abstract:

Loading...

14.

The Fundamental Agency Problem: Ownership, Monitoring, and Voluntary Disclosure

Number of pages: 37 Posted: 27 Sep 2015
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 87 (364,906)

Abstract:

Loading...

Voluntary disclosure, ownership, monitoring, agency costs, block holder

15.

Do Financial Resources Determine Cost Behavior?

Number of pages: 34 Posted: 20 Jan 2021
Håkan Jankensgård and Nick Christie
Lund University - Department of Business Administration and Lund University - Department of Business Administration
Downloads 84 (372,839)

Abstract:

Loading...

Cost Stickiness, Financial Constraints, Cost Efficiency, Financial Slack

16.

The Black Swan Problem: The Role of Capital, Liquidity and Operating Flexibility

Number of pages: 38 Posted: 04 Jun 2021 Last Revised: 14 Jun 2021
Nick Christie, Nicoletta Marinelli and Håkan Jankensgård
Lund University - Department of Business Administration, University of Macerata - Department of Economics and Law and Lund University - Department of Business Administration
Downloads 79 (386,561)

Abstract:

Loading...

Revenue risk, Financial constraints, Black swan, Financial slack

17.

Walking the Walk: Selective Hedging and Inside Ownership

Number of pages: 55 Posted: 22 Sep 2015 Last Revised: 13 Dec 2016
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 72 (407,228)

Abstract:

Loading...

Selective hedging, agency costs, corporate governance, inside ownership

18.

A Tide of Cash: Corporate Governance and the Management of Large Cash Windfalls

Number of pages: 44 Posted: 09 Jul 2014
Håkan Jankensgård and Niclas Andrén
Lund University - Department of Business Administration and Lund University - Department of Business Administration
Downloads 67 (423,275)

Abstract:

Loading...

19.

Optimal Hedging in Financially Constrained Firms When Asset Markets Are Illiquid

Number of pages: 44 Posted: 19 Oct 2015 Last Revised: 29 Nov 2015
Håkan Jankensgård and Björn Hagströmer
Lund University - Department of Business Administration and Stockholm University - Stockholm Business School
Downloads 45 (507,691)
Citation 2

Abstract:

Loading...

Asset illiquidity, financial distress, risk management, hedging, financial constraints

20.

A Tale of Beauties and Beasts: Testing the Optimal Disclosure Hypothesis

Multinational Finance Journal, Vol. 18, No. 1/2, p. 139-167, 2014
Number of pages: 29 Posted: 18 Jun 2015
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 36 (551,164)

Abstract:

Loading...

voluntary disclosure, cost of capital, Tobin’s Q, optimal disclosure

21.

Measuring Corporate Liquidity Risk

Journal of Applied Corporate Finance, Vol. 22, Issue 4, pp. 103-109, 2010
Number of pages: 9 Posted: 03 Jan 2011
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 4 (773,335)
  • Add to Cart

Abstract:

Loading...

The Relationship between Voluntary Disclosure, External Financing and Financial Status

Journal of Business Finance & Accounting, Vol. 42, Issue 7-8, pp. 860-884, 2015
Number of pages: 25 Posted: 22 Oct 2015
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 0
  • Add to Cart

Abstract:

Loading...

voluntary disclosure, financial status, external financing, equity issuance, debt overhang

The Relationship between Voluntary Disclosure, External Financing, and Financial Status

Forthcoming in Journal of Business Finance & Accounting
Posted: 23 Apr 2015
Håkan Jankensgård
Lund University - Department of Business Administration

Abstract:

Loading...

Voluntary disclosure, financial status, external financing, equity issuance, debt overhang

23.

Does Centralisation of FX Derivative Usage Impact Firm Value?

European Financial Management, Vol. 21, Issue 2, pp. 309-332, 2015
Number of pages: 24 Posted: 13 Mar 2015
Håkan Jankensgård
Lund University - Department of Business Administration
Downloads 0 (819,510)
  • Add to Cart

Abstract:

Loading...

centralisation, risk management, currency risk, derivative, hedging

24.

Wall of Cash: The Investment-Cash Flow Sensitivity When Capital Becomes Abundant

Journal of Banking and Finance, Forthcoming
Posted: 15 Nov 2014
Niclas Andrén and Håkan Jankensgård
Lund University - Department of Business Administration and Lund University - Department of Business Administration

Abstract:

Loading...

Corporate investment, financing constraints, agency costs, investment-cash flow sensitivity