How to think about household finance in an uncertain world
04 October 2022
Household finance is a hot topic, considering the current economic crisis. On the latest episode of the podcast Sound Economy, Professor Paolo Sodini discusses assets and liabilities, savings and investments during uncertain times.
Business school education, motivation, and young adults' stock market participation
11 April 2022
New research from Department of Accounting faculty examines whether business school education increases students’ stock market participation.
Paradise leaked: An analysis of offshore data leaks
01 February 2022
In recent years, there have been several high-profile leaks of documents related to the offshore financial industry, such as the Pandora Papers released last year. Some of the data contained in the leaked documents have now been made public. In this brief, SITE researchers Jonathan Lehne and Maiting Zhuang discuss the advantages and pitfalls of using these data for economic analysis. They show that despite some caveats, there are patterns in these data that can shed light on a secretive industry.
From Russia with love?
22 December 2021
Policy brief: Some recently discovered money laundering schemes have funnelled large amounts of illegal money from former soviet states through European banks. This note briefly describes the evolution of the Anti-Money Laundering (AML) regime for financial institutions, the introduction of which was concurrent with the post-soviet transition and the connected illegal flows of funds. It discusses the effectiveness of the current AML regime – and its ability to detect and seize illegal funds. The brief also highlights some of its deficiencies as well as lack of compliance with its prescriptions. It proceeds to stress that after judging the current framework insufficient, the US recently introduced whistleblower rewards for AML-infringements. Europe might want to follow their lead if it really aims at limiting money laundering.
Difficult times ahead for the Belarus economy
28 May 2021
Policy brief: The Belarus economy was already struggling to generate growth before both the corona pandemic and the political protests following the August presidential election. The lack of growth was the result of an incomplete transition process to modernize the economy combined with a strong reliance on the Russian economy and its dependence on international commodity prices that have not paid off in recent years. With the added political turmoil and, so far, lack of a new political and economic strategy, the economic outlook for Belarus looks grim. Even if a full-blown crisis may be avoided by restrictive economic policies, stagnation will nevertheless be the most likely outcome without fundamental reforms.
New research: religion and traditions shape family mindset towards business practices
01 December 2020
New research on entrepreneurship suggests that religion and traditions shape the family structure to produce effects on family functioning and on the family mindset. These factors subsequently shape how transgenerational entrepreneurship is fostered or hindered through specific business practices in family firms.
Highlights from the webinar: Economic reforms of fragile states - Perspectives from Somalia
30 November 2020
Fragile states are particularly vulnerable to adverse economic shocks and in need of international support. Through constructive collaboration with international partners, however, fragile state governments can successfully pursue ambitious reform agendas for the short and long run. SITE and MISUM (Mistra Center for Sustainable Markets) invited the Minister of Finance of the Federal Republic of Somalia, Dr. Abdirahman Dualeh Beileh, and the Swedish ambassador to Somalia, Staffan Tillander, to discuss the role of international partnership in the recent development of economic reforms in Somalia.
New research: investors penalize female founders who don’t “fit” male industries
27 November 2020
New research finds that female founders of entrepreneurial ventures raise significantly more funding when catering to female-dominated industries. Effectively, this means that men are afforded credibility across a broad range of industries, while women are confined to a less lucrative subset of the labor market.
Vinnova supports the Swedish House of Finance with SEK 100 million
05 November 2020
Vinnova continues its long-term support in financial market research in Sweden and has decided to allocate SEK 100 million over the coming five-year period to the Swedish House of Finance at the Stockholm School of Economics.
New research: growth intentions in family-based new venture teams
22 September 2020
Business success, especially for entrepreneurs who are just starting out, is often measured in terms of new venture growth. Unfortunately, this kind of growth can be hard to achieve for entrepreneurs who don’t have access to many resources.