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Presentations by the 2020 Hans Dalborg Award Recipients

Dawei Fang (University if Gothenburg) and Mikael Wendschlag (University of Uppsala) are this year's recipients of the Hans Dalborg award for excellence in research in financial economics. They will present their research during the Swedish House of Finance annual meeting the 13 May.

The Swedish House of Finance Annual meeting is taking place Thursday 13 May at 16.00 through Zoom. It will be followed by presentations of the 2020 Hans Dalborg Award presentations at approximately 16.30.

o https://hhs-se.zoom.us/j/399013369
o Meeting ID: 399 013 369

 

Practical information

Date: May 13th

Participate by using the link:

 o https://hhs-se.zoom.us/j/399013369
o Meeting ID: 399 013 369

Dawei Fang

Assistant Professor at University of Gothenburg

Contests, where competitors compete for a fixed number of rewards, are very common in the finance and economics world. Examples include mutual fund tournaments, sales contests, labor market competitions, promotion contests, etc. These contests are supposed to induce hard work and to identify talent. However, do competitors compete harder in highly competitive contests? Are the winners in hypercompetitive environments talented or merely lucky? These are important questions that are relevant to productivity, governance, managerial compensation/selection, and the design of personnel systems.

Dawei's talk aims to provide a brief overview of the part of his research that addresses these questions, together with a discussion of the associated financial economic implications.

Read more

Mikael Wendschlag

Researcher at Uppsala University

The Swedish organization of supervision stands out in international comparison by having just one agency, the Swedish Financial Supervisory Authority, responsible for practically all aspects of financial supervision (micro- and macroprudential, consumer protection, code of conduct, money laundering, and more). While this concentration of responsibilities and powers in itself must not be ineffective, I argue that the research on the organization of financial supervision, as well as historical experiences - do suggest that there is an upper limit to how many objectives, or goals, a financial supervisor should be responsible for. In the case of Sweden, policy makers should be wary of adding more objectives to the FSA, as this could affect the quality of the supervision negatively. It may even be sensible to consider transferring some objectives to other agencies. For today's policy makers, potentially transformative market changes may also call for a reorganization of the financial supervision. With new technologies changing the character and organization of financial markets, companies, products and services - financial supervision must change as well.

Read more

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