Marcus Opp

Marcus research spans dynamic contracting, financial intermediation, and international finance. His most recent work on financial intermediation analyzes the interplay between financial regulation and risk-taking incentives in the financial sector. The corresponding papers are published in top general interest journals (Econometrica) and leading field journals such as the Journal of Economic Theory, the Journal of Financial Economics and the Journal of International Economics. The paper “Target revaluation after failed takeover attempts - Cash versus stock” won the 2016 Jensen prize for the best paper published in the Journal of Financial Economics in the areas of corporate finance and organizations (first place). Marcus favorite papers are “Impatience versus incentives,” “Only time tell: A theory of deferred compensation,” and “Rating agencies in the face of regulation.” He have been a board member of the Finance Theory Group from 2016 to 2018. Marcus won the 2017 Poets and Quants “Top 40 under 40” award for professors of world-wide business schools, the 2018 Marianne and Marcus Wallenberg foundation grant (~USD 450k) and the 2018 Riksbankens Jubileumsfonds (~USD 250k).

 

Publications

Marcus Opp and Martin Oehmke (2024). A Theory of Socially Responsible Investment, Review of Economic Studies, Forthcoming

Marcus Opp and Roman Inderst (2024). Sustainable finance versus environmental policy: Does greenwashing justify a taxonomy for sustainable investments? Journal of Financial Economics, Forthcoming

Marcus Opp, Milton Harris and Christian C. Opp (2023). Intermediary capital and the credit market, Management Science, Forthcoming

Marcus Opp, Florian Hoffmann and Roman Inderst (2022). The economics of deferral and clawback requirements. Journal of Finance, vol. 77, pp. 2423-2470

Marcus Opp, Bo Becker and Farzad Saidi (2022). Regulatory forbearance in the U.S. insurance industry: The effects of removing capital requirements for an asset class. Review of Financial Studies, vol. 35, pp. 5438-5482

Marcus Opp, Florian Hoffmann and Roman Inderst (2021). Only time will tell: a theory of deferred compensation. Review of Economic Studies, vol. 88, pp. 1253-1278