Spierdijk, Prof. Laura
Laura Spierdijk (1976) is Professor of The Econometrics of Pensions, Insurance and Finance at the Faculty of Economics and Business. She specializes in particular in the analysis of the investment policies of institutional investors by means of econometric models. She has conducted research in cooperation with the Dutch ABP pension fund for civil servants into the transaction costs involved in buying and selling shares and developed methods to help pension funds lower these costs.
Spierdijk graduated with distinction in both Econometrics and Mathematics at VU University Amsterdam and gained her PhD at Tilburg in 2003 with a thesis on share transactions at the New York Stock Exchange. She discovered that large share transactions have a greater effect on the price of the share in question if they are conducted at times when a lot of trade is going on rather than at quiet times. Institutional investors and traders can use these findings to split up and plan their large transactions in the best possible way. After she gained her PhD, Spierdijk went on to work for the Pensions and Insurance Supervisory Authority of the Netherlands, De Nederlandsche Bank and the University of Twente, until she was appointed as a Rosalind Franklin Fellow at the Econometrics Department of the University of Groningen in 2006. In 2012, Spierdijk was awarded a Vidi grant by the Netherlands Organisation for Scientific Research (NWO). Since then, she has been working on research into measuring competition in banking and its effect on economic growth and financial stability. Spierdijk regularly publishes opinion articles on the ESB website, for example about sustainability and banks.
Spierdijk has been appointed the NIAS Fellow of the year 2017/2018. After the summer, she will be in residence at the NIAS, het Nederlands Institute for Advanced Study in the Humanities and Social Sciences. Spierdijk will focus her research on the relationship between the size and vitality of banks in the United States.
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