The Contemporary Trends in Finance and Applied Financial Econometrics research group highlights current trends related to market microstructure innovations, risk dynamics, and corporate governance. The group investigates the impact of significant structural changes in financial market operations on trading costs, mechanisms, order flow, and price formation. It also examines risk dynamics, exploring how risk factors emerge and influence asset pricing, financial stability, and investment decisions. Furthermore, the group sheds light on innovations and changes in corporate structure and their effects on firm performance, shareholder value, and stakeholder interests. To address these research questions, the group utilizes modern financial econometric techniques to tackle methodological challenges and ensure the robustness of its findings. Ultimately, the research group aims to produce relevant policy implications for both the academic community and policymakers.    ...