Astrid Schornick joined the Finance group at INSEAD in 2007. Her research focuses on modeling investment behavior and asset prices are affected by market frictions in equilibrium.

Such frictions can take the form of intrinsic features like information asymmetry, but also include exogenously imposed restrictions, for example on capital flows or certain portfolio positions of investors. While such trading limitations are usually attempts to counteract intrinsic imperfections, they themselves will affect markets in ways beyond what they were intended to do.

In the MBA programme she teaches Corporate Financial Policy, studying how the incentive structure of contracts within the firm affect its optimal financing and payout policy.

Her PhD core course on Continuous Time Finance is aimed at students in their second year of the programme, as is the shorter PhD elective on International Finance.

Astrid graduated from the University of St. Gallen, Switzerland with an MSc. in Economics and Finance, and obtained a PhD in Finance from London Business School.

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