Edina Berlinger

I am a full Professor of Finance at Corvinus University of Budapest (CUB) where I was also the Head of the Finance Department between 2008 and 2022.

In 2023 and 2024, I am on sabbatical and work as a Research Scientist at the University of Luxembourg contributing to a research program on Sustainable Finance.

I obtained my Ph.D. in Economics at CUB in 2004. My main research interests are risk management and corporate governance, especially the aspects of the regulation of financial markets to promote sustainability and financial inclusion.

In addition to teaching and research, I am regularly involved in consultancy projects in close cooperation with international organizations and institutions in the financial sector. Since 2021, I have been a Member of the Supervisory Board and Chair of the Risk Management Committee (responsible also for the ESG strategy) at OTP Bank Romania.

Current research

Social enterprise under double moral hazard: Who gets active financing and state subsidies? (with Anita Lovas and Fanni Tóth)
Self-regulation, media pressure, and corporate catastrophes (with Lilla Judit Keresztúri and Ágnes Lublóy)
Who monitors greenwashing? (with Lilla Judit Keresztúri, Anita Lovas, and Ágnes Lublóy)
More ESG, less misconduct? (with Barbara Dömötör, Martin Márkus, and Gábor Neszveda)
Systemic literature review of greenwashing measures (with Lilla Judit Keresztúri and Ágnes Lublóy)
Why should green communication be an aggravating circumstance in environmental crimes? (with Lilla Judit Keresztúri and Ágnes Lublóy)
Green lemon markets (with Zsolt Bihary)
Dynamic margin optimization (with Barbara Dömötör and Zsolt Bihary)
Empirical Laffer-curve of household debts and the optimal debt relief (with Zsolt Bihary and György Molnár)
A joint model of student loan and pension savings
Interbank networks: The emergence of core-periphery structures (with Zsolt Bihary and Tamás Vadász)
Financial literacy of finance students (with Barbara Dömötör, Krisztina Megyeri, and György Walter)

Selected papers

Governmental responses and firm performance during the Covid-19 pandemic: The role of culture and politics. 2024. Economic Systems. (with Dieter Gramlich, Thomas Walker, and Zhao Yunfei) (In print)

Modern pillories: Overdue debts of the poor. 2023. Acta Oeconomica. (with Bihary, Zs., Dobrányszky-Bartus, K., Molnár, Gy.)

Interpersonal versus interbank lending networks: The role of intermediation in risk-sharing. 2023. Emerging Markets Review, 100989. (with Gosztonyi, M., Havran, D., & Pollák, Z.)

Loan forbearance takeup in the Covid-era: The role of time preferences and locus of control. 2022. Finance Research Letters, 103250. (with Kiss, H. J., & Khayouti, S.)

Blowing the whistle on corporate fraud: The role of regulators and journalists in the financial vs non-financial sectors. 2022. Applied Economics, 1-12. (with Keresztúri, J., L., & Lublóy, Á.)

Adjustable-rate mortgages in the era of global reflation: How to model additional default risk? 2022. Plos One, 17(3), 1-19. (with Banai, Á. & Dömötör, B.)

Press freedom and operational losses: The monitoring role of the media. 2022. Journal of International Financial Markets, Institutions, and Money, 77, 101496., 1-20. (with Keresztúri, J. L., Lublóy, Á., & Vőneki, Z. T.)

Overdue debts and financial exclusion. 2021. Risks, 9(9), 158., 1-20. (with Dobránszky-Bartus, K., & Molnár, G.)

Irrational risk-taking of professionals? The relationship between risk exposures and previous profits. 2021. Risk Management, 23(3), 243-259. (with Dömötör, B., & Szűcs, B. Á.)

Does governance matter? Country-level determinants of operational risk. 2021. Society and Economy, 43(4), 289-313. (with Keresztúri, J. L., Lublóy, Á., & Vőneki, Z. T.)

Anti-cyclical versus risk-sensitive margin strategies in central clearing. 2019. Journal of International Financial Markets, Institutions, and Money, 62, 117-131. (with Dömötör, B., & Illés, F.)

Optimal margin requirement. 2019. Finance Research Letters, 31., 239-249. (with Dömötör, B., & Illés, F.)

Why APRC is misleading and how it should be reformed. 2019. Cogent Economics & Finance, 7(1), 1609766., 1-18.

Corporate cash-pool valuation: A Monte Carlo approach. 2018. Studies in Economics and Finance, 1-15. (with Bihary, Z., & Walter, G.)

Corporate cash-pool valuation in a multi-firm context: A closed formula. 2017. Finance Research Letters, 22, 30-34. (with Bihary, Z., & Walter, G.)

Implicit rating: A potential new method to alert crisis in the interbank lending market. 2017. Finance Research Letters, 21, 277-283.

State subsidy and moral hazard in corporate financing. 2017. Central European Journal of Operations Research, 25(4), 743-770. (with Lovas, A., & Juhász, P.)

Income-contingent repayment scheme for non-performing mortgage loans in Hungary. 2015. Acta Oeconomica, 65(s1), 123-147. (with Walter, G.).

An efficient student loan system: Case study of Hungary. 2009. Higher Education in Europe, 34(2), 257-267.

PhD-students

Currently:

Donát Kim: green finance

Fanni Tóth: financial inclusion, financial institutions

Formerly (year of thesis defense):

Katalin Dobránszky-Bartus (2022): Overdue debt as a poverty trap

Jens Valdemar Krenchel (2022): Personal bankruptcy systems in the EU – Measuring leniency

Zoltán Pollák (2022): Liquidity management and intermediation in unsecured credit markets

Katalin Kallóné Csaba (2019): Deposit insurance and moral hazard in Hungary

Anita Lovas (2016): Innovation financing under asymmetric information

Helena Naffa (2015): The relationship between analyst forecasts, investment fund flows, and market returns

Zoltán Monostori (2014): Essays on the costs of public debt financing

Kata Váradi (2012): Liquidity risk on stock markets

Dániel Havran (2011): Corporate liquidity management

References

Nicholas Barr, Professor at the London School of Economics

Email: N.Barr@lse.ac.uk

URL: https://econ.lse.ac.uk/staff/nb/

Júlia Király, Professor at the International Business School, former Chair of the International Training Center for Bankers, former Vice-President of the Central Bank of Hungary, Member of the Monetary Council

Email: jkiraly@ibs-b.hu

URL: https://juliakiraly.com/

Christos Koulovatianios, Professor and Chair of the Department of Finance at the University of Luxembourg

Email: christos.koulovatianos@uni.lu

URL: Christos Koulovatianos (google.com)

Zita Zoltay Paprika, former Dean of the School of Business Administration at CUB, Associate Director EFMD Global

Email: zita.paprika@outlook.com

URL: https://www.linkedin.com/in/zita-zoltay-paprika-0470b612/?originalSubdomain=hu