Anne Haubo Dyhrberg
Assistant Professor at Wilfrid Laurier University, Lazaridis School of Business and Economics
Research Interests
Market microstructure, cryptocurrencies, blockchain design
Education & Academic Affiliation
Wilfrid Laurier University, Department of Finance
Assistant Professor, 2021-present
University of Sydney, Department of Finance
PhD in Finance. Supervisors Sean Foley and Jiri Svec, 2017 - 2021
VU Amsterdam
Visiting Scholar, two month visit. Host Albert Menkveld, 2020
Ohio State University
Visiting Scholar, two month visit, cancelled due to pandemic. Host Ingrid Werner, 2020
University College Dublin
MSc Economics. Thesis supervisor Vincent Hogan, 2014 - 2015
Copenhagen Business School
BSc International Business. Thesis supervisor Niels Blomgren-Hansen, 2011 - 2014
Selected Publications
The Retail Execution Quality Landscape
Dyhrberg, A. H., Shkilko, A. & Werner, I. M. (2025)
Journal of Financial Economics, 168, 104051.
When Bigger Is Better: The Impact of a Tiny Tick Size on Undercutting Behavior
Dyhrberg, A. H., Foley, F. & Svec, J. (2023)
Journal of Financial and Quantitative Analysis, 58(6), 2387-2416.
Other Publications
Non-Standard Errors
Menkveld, A., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Razen, M., Weitzel, U., Dyhrberg, A.H., et. al. (2023)
Journal of Finance.
Can Digital Assets and Markets: A Transaction Cost Analysis of Market Architectures
Aspris, A., Dyhrberg, A. H., Foley, F. & Putnins, T. (2022)
Swift Institute.
Can Bitcoin be Trusted? Quantifying the Economic Value of Blockchain Transactions
Cole, B., Dyhrberg, A. H., Foley, F. & Svec, J. (2022)
Journal of International Financial Markets, Institutions and Money, 79, 101577.
How investible is Bitcoin? Analyzing the Liquidity and Transaction Costs of Bitcoin markets
Dyhrberg, A. H., Foley, F. & Svec, J. (2018)
Economics Letters, 171, 140-143.
Bitcoin, Gold and the Dollar – A GARCH Volatility Analysis
Dyhrberg, A. H. (2016)
Finance Research Letters, 16, 85-92.
Hedging Capabilities of Bitcoin. Is it the Virtual Gold?
Dyhrberg, A. H. (2016)
Finance Research Letters, 16, 139-144.
Working Papers
Market Fragmentation and Price Efficiency: Evidence from Cryptocurrencies
Jonathan Brogaard, Anne Haubo Dyhrberg & Paige Rowberry
Is Decentralized Always Better? How Market Structure Affects Trading Costs for Tokenized Assets
Angelo Aspris, Anne Haubo Dyhrberg, Sean Foley, William Krekel & Talis Putnins
One Coin, Many Markets: How Market Frictions Affect Arbitrageurs
Anne Haubo Dyhrberg
How Should We Ring the Closing Bell? Determining Optimal Closing Auction Design
Anne Haubo Dyhrberg, Ester Felez-Vinas, Sean Foley & Talis Putnins
Seminar and Conference Presentations
2024
Women in Microstructure Annual Meeting, Hawaii, USA.
Western Finance Association Annual Meeting, Hawaii, USA.
American Finance Association Annual Meeting, San Antonio, USA.
2023
Seminar at University of Graz, Austria.
Central Bank Conference on the Microstructure of Financial Markets, Washington D.C., USA.
Financial Management Association Annual Meeting, Chicago, USA.
Northern Finance Association Annual Meeting, Toronto, Canada.
European Finance Association Annual Meeting, VU Amsterdam, Netherlands.
NBER Big Data and High-Performance Computing for Financial Economics Conference, Boston, USA.
Webinar – After FTX collapse: can cryptoassets be ethical?2020
European Finance Association Annual Meeting, virtual conference.
2019
Accounting and Finance Association of Australia and New Zealand Doctoral Symposium, University of Queensland, Australia.
European Financial Management Association, University of Azores, Portugal.
2018
Financial Research Network Annual Conference, University of Queensland, Australia.
Behavioral Finance and Capital Markets Conference, La Trobe University, Australia.
Teaching
2022
Undergraduate course Financial Management II BU393 at Wilfrid Laurier University.
2021
Undergraduate course Financial Management II BU393 at Wilfrid Laurier University.
2019
Postgraduate course Algorithmic Trading FINC3014 at the University of Sydney.
2018
Undergraduate course Corporate Finance I FINC2011 at the University of Sydney.
Honors and Awards
Merit Award, Wilfrid Laurier University (2023).
Early Career Research Award, Wilfrid Laurier University, Nomination (2023).
Social Sciences and Humanities Research Council of Canada Insight Development Grant (2022).
Paulette Isbel Jones PhD Completion Scholarship.
Best paper award for "When bigger is better: The impact of a tiny tick size on undercutting behavior" at the Cryptocurrency Research Conference, University of Southampton, June 15-16 2019.
University of Sydney Business School Research Scholarship Award (2018).
Reviewing Work
Journal of Financial and Quantitative Analysis
Journal of Financial Markets
Journal of Banking and Finance
Journal of Corporate Finance
Energy Economics
Journal of Futures Markets
Applied Economics
Economic Modelling
Finance Research Letters
Economics Letters
Journal of International Financial Markets, Institutions and Money
International Journal of Managerial Finance
Journal of International Money and Finance
Asia-Pacific Journal of Financial Studies