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Hans Dalborg Award 2025 Ceremony & Presentations

Apr. 23, 2025

Alvin Chen (Swedish House of Finance/Stockholm School of Economics) and Mustafa Nourallah (Mid Sweden University) are this year’s recipient of the Hans Dalborg Award for Excellence in Research in Financial Economics.

The recipients of this year’s Hans Dalborg Award for Excellence in Research in Financial Economics are Alvin Chen, Resident Researcher at the Swedish House of Finance and Assistant Professor at the Stockholm School of Economics, and Mustafa Nourallah, Assistant Professor at Mid Sweden University.  
 
The Award ceremony will be taking place in-person on May 8 at SSE at16:30. Following the presentations, our board and members will be conducting the business portion of the Annual meeting. 
 

Presentations 

 

The Logic of Non-executive Equity Incentives 

Alvin Chen, Assistant Professor at Stockholm School of Economics and resident researcher at Swedish House of Finance. 
 
The prevalence of broad-based equity incentive programs is a bit of a mystery. Standard economic theory predicts they should be ineffective due to the free-rider problem, yet more and more firms use them for incentive purposes. 
 
“My research focuses on how agency problems shape corporate policies. In this presentation, I will explain how equity pay can encourage employee engagement even when there are severe free-rider problems. My framework has many implications for the setup of tasks, the design of compensation schemes, and the accumulation of firm-specific human capital.” 
 
 

What Drives Loyalty and Trust in FinTech? Insights from Young Users 

Mustafa Nourallah, Assistant Professor at Centre for research on Economic Relations (CER) at Mid Sweden University 
 
User-friendly design and cognitive considerations are crucial for the success of digital financial solutions.  
 
“In my presentation I will explain what drives loyalty and trust in two types of digital financial services among young users: mobile banking apps and robo-advisors. My research consists of four published papers—two focusing on the factors influencing loyalty to mobile banking apps, such as memorability, confidentiality, and understandability, and two examining what shapes trust in robo-advisors, including perceived risk, decision styles, and cultural factors.”

Mustafa Nourallah, Jacob Dalborg and Alvin Chen

Practical Information

Date: Thursday, May 8
Time: 16:30 - 17:00
Location: SSE Building, entrance via Bertil Ohlins gata 4, 113 50 Stockholm

This event is open to invited guests only. If you would like more information, please contact event@houseoffinance.se

Alvin Chen

Researcher, SHoF

Assistant Professor, Department of Finance, SSE

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Mustafa Nourallah

Assistant Professor at Mid Sweden University

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Previous receivers of the Hans Dalborg Award for Excellence in Research in Financial Economics

2024Adrien d'Avernas, Stockholm School of Economics
Jason Crawford, Uppsala University

2023Claire Ingram Bogusz, Uppsala University
Ran Xing, Stockholm University  

2022Jan Starmans, Stockholm School of Economics
Dr. Emma Sjöström, Mistra Center for Sustainable Markets (Misum) 

2021Riccardo Sabbatucci, Stockholm School of Economics
Hanna Silvola, Hanken Swedish Business School in Finland  

2020Dawei Fang, University if Gothenburg
Mikael Wendschlag, University of Uppsala   

2019Irina Zviadadze, Stockholm School of Economics
Federica Romei, Stockholm School of Economics 

2018
Björn Hagströmer, Stockholm University
Adam Farago, University of Gothenburg 

2017Marieke Bos, Swedish House of Finance
Roine Vestman, Stockholm University  

2016Gustav Martinsson, Royal Institute of Technology (KTH) 

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