Congratulations, Per Strömberg – 2012 recipient of the Assar Lindbeck Medal!
This year’s recipient of the Assar Lindbeck Medal is Professor Per Strömberg of the Stockholm School of Economics, also active at SSE IFL and the Institute for Financial Research (SIFR). He will be presented with the prize during the national conference on economics at Stockholm University on September 27–28.
The Assar Lindbeck Medal was inaugurated in honor of Professor Assar Lindbeck’s pioneering research in economics. The prize is awarded every other year to young researchers who have contributed to economic thought and economic knowledge through their work.
Awarding the 2011 prize to Per Strömberg, the prize committee stated:
“Professor Strömberg has established himself as a leading researcher in financial economics, a field in the borderlands between economics and business management. Strömberg’s research has an empirical orientation and a particular focus on the contractual relationships between entrepreneurs and their financiers. What problems are these – often very complex – contracts intended to solve? And how should financial market regulations be devised to promote outcomes that are advantageous to the economy?”
The prize committee consisted of Professor Tore Ellingsen, Stockholm School of Economics (chair), Professor Per Krusell, Stockholm University, and Professor Kjell Salvanes, NHH, the Norwegian school of economics.
As examples of Per Strömberg’s research contributions, they cited his articles from 2003 and 2004. In these papers with co-author Steven Kaplan, Strömberg applies detailed data from venture capital contracts to evaluate various theories of corporate finance. The prize committee stated that Strömberg demonstrates a highly unusual combination of skills, specifically an in-depth understanding of theory, relentless collection of relevant data, and a first-class capacity for statistical analysis. Further, the committee praised Strömberg’s method of continuous dialogue with industry specialists and other interested parties. They underscored his previous contributions while head of the Institute for Financial Research (SIFR), too. Through his research, Strömberg has also contributed to the Swedish debate on financial market regulation through his study “Miljö, arbete och kapital: Dags för nya samhällskontrakt” [Environment, Work and Capital: Time for a new social contract], according to the prize committee.
DETAILS
Per Strömberg, born in 1968, earned a BSc in Economics from the Stockholm School of Economics in 1991 and a PhD from Carnegie Mellon University in 1997. After a few years as an instructor and researcher at the University of Chicago, Graduate School of Business, in 2005 Strömberg returned to Sweden and the Stockholm School of Economics, where he was appointed professor three years later.
Source: Bolagsfakta
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