Research groups
Areas of responsibility
Steen Koekebakker is a Professor of Finance at the School of Business and Law at the University of Agder. He did his undergraduate studies in Business Administration at the University of Agder. He holds a MSc in Economics and Business (Høyere Avdeling) and a PhD in Finance (Dr.oecon) from NHH Norwegian School of Economics.
His main academic interest is modeling and risk management in commodity markets, with special emphasis on electricity and shipping markets.
Koekebakker currently serves as an associate editor at the Journal of Commodity Markets (Elsevier). Together with Jurate Saltyte-Benth and Fred Espen Benth, he is the author of Stochastic modelling of electricity and related markets (World Scientific Publishing - Advanced Series on Statistical Science and Applied Probability).
Koekebakker’s other research interests are financial decision-making and household finance. He has published articles in various academic journals, among others; American Journal of Agricultural Economics, Journal of Banking and Finance, European Financial Management, International Journal of Theoretical and Applied Finance, Journal of Derivatives, Scandinavian Journal of Statistics, Journal of Forecasting, The Energy Journal, Energy Economics, Journal of Shipping and Transport Logistics and Journal of Transport Economics and Policy.
Koekebakker received the best paper award for young researchers at the 2006 FIBE conference at NHH for the paper Stochastic modelling of financial electricity contracts (joint with Fred Espen Benth). Koekebakker and Zakamulin won best paper award at the European Financial Management Association Conference in Athens 2008 for the paper Analysis of financial decision making with loss aversion. Koekebakker also received the Competence Fund of Southern Norway’s prize for popular science in 2010 for the work on financial retail products (awarded by Agder Academy of Sciences and Letters.)
Koekebakker previously served as head of the finance and accounting faculty group. He held a part-time position as special advisor at Agder Energi for 10 years (2005-2015). He served as deputy member of the board of Kristiansand Kommunale Pensjonskasse (2012-2016).
Research
Academic interests
Courses taught:
- Sustainable Capitalism
- Financial Management
- Corporate Finance
- Investments
- Portfolio management
- Derivatives and risk management
- International finance
- Shipping economics
Member of PhD thesis advisor committee:
- Dennis Frestad (2003 – 2007): Essays on corporate risk management and electricity swap return dynamics. Thesis defence: 17. December, NHH, 2007.
- Linda Vos (2007 - 2012): Stochastic volatility and multi-dimensional modeling in the European energy market. Thesis defence: 12. October, UiO, 2012.
- Che Mohd Imran Che Taib (2010-2013): Stochastic Modelling and Pricing of Energy Related Markets with the Analysis of the Weather and Shipping Markets. Thesis defence: 21. June, UiO, 2013.