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Lammertjan Dam

Position and department:
Associate Professor at IEEF

Short bio:
Lammertjan Dam obtained his PhD in Economics and Business at the University of Groningen (2008) and is currently an Associate Professor of Finance at the department of Economics, Econometrics, and Finance. He has a background in Econometrics (Ma, 2002, cum laude) and focuses both on economic theory and empirical research in the fields of corporate social responsibility and financial markets. He is experienced in teaching at undergraduate, graduate, and executive MBA level. He presents frequently for academic audiences, but has also given several invited seminars for practitioners, for example, at the ECB, the Chicago Federal Reserve, and the German Bundesbank. In 2010, he was a visiting scholar at the University of Umeå, Sweden. He has published in, amongst other journals, the Review of Financial Studies, the Journal of Economic Dynamics and Control, Resource and Energy Economics, Corporate Governance: an International Review, and World Development.

Lammertjan Dam applies quantitative methods in traditionally more qualitative fields and combines theory and empirics to obtain new insights. He has published innovative theoretical papers on socially responsible investment in which shareholders’ preferences for the environmental performance of the firms they own are integrated in a micro-economic model or macro-economic growth models. He also applied these theories in empirical work that relates shareholders to corporate social responsibility. In addition, he is knowledgeable on the interaction between corporate social responsibility, environmental regulation and multinationals’ location choice. His methodological strengths have also shown useful in other fields, such as biology, supply chain management, banking, and business ethics.

Ongoing projects:
Lammertjan Dam is currently supervising two PhD students in the field of Asset Pricing and temporarily supervising a visiting PhD from Rome University, Tor Vergata, for a project on Socially Responsible Investment. In addition, he is working on a methodological paper about the consequences of model misspecification with Diego Ronchetti (University of Groningen), and a theoretical project on the relation between ownership distribution and private provision of public goods with Tommy Lundgren (Ume å University).


  1. Dam, L., & Scholtens, L. (2015). Toward a theory of responsible investing: On the economic foundations of corporate social responsibility. Resource and Energy Economics, 41, 103-121
  2. Dam, L., & Scholtens, B. (2013). Ownership Concentration and CSR Policy of European Multinational Enterprises. Journal of Business Ethics, 118(1), 117-126
  3. Dam, L., & Koetter, M. (2012). Bank Bailouts and Moral Hazard: Evidence from Germany. Review of Financial Studies, 25(8), 2343-2380
  4. Dam, L., & Scholtens, B. (2012). Does Ownership Type Matter for Corporate Social Responsibility? Corporate Governance - An International Review, 20(3), 233-252
  5. Dam, L., Scholtens, B., & Sterken, E. (2007). Corporate governance and international location decisions of multinational enterprises. Corporate Governance - An International Review, 15(6), 1330-1347
Last modified:30 June 2017 2.38 p.m.