Financial markets and corporate finance experts

Researchers at the Stockholm School of Economics can provide expertise across the full spectrum of financial markets and corporate finance. Their work addresses today’s most pressing financial topics including monetary policy, financial regulation, credit markets, M&A, asset management, and much more.

Ramin Baghai

Professor, Department of Finance; Researcher Affiliated with the Swedish House of Finance

Areas of expertise:

  • Corporate credit markets, asset management, capital structure management, credit rating agencies, and money market funds
  • Infrastructure finance and project finance
  • Financial regulation and policy, especially related to corporate finance and credit markets

Email: ramin.baghai@hhs.se
Languages: English, German


Bo Becker

Professor, Department of Finance; Director, Swedish House of Finance

Areas of expertise:

  • Corporate credit markets, bank lending cycles, bond issuance, credit supply, the rise of covenant-light loans in leveraged loan markets
  • Financial crisis and policy response, resilience of corporate bond markets during economic downturns and the effectiveness of policy interventions
  • Credit ratings and the role of credit rating agencies
  • Restructuring and bankruptcy, including Chapter 11 proceedings and corporate restructuring trends
  • Regulatory impact on financial institutions such as banks and insurance companies, especially in the context of risk-taking and asset allocation

Email: bo.becker@hhs.se
Languages: English, Swedish


Adrien d'Avernas

Associate Professor, Department of Finance

Areas of expertise:

  • Financial markets and the macroeconomy with an emphasis on financial intermediation and monetary policy
  • How liquidity, regulation and market structure shape modern finance
  • How policy moves or liquidity strains affect investors and institutions
  • Behaviors of banks, non-bank intermediaries, and central banks under stress
  • Explanations for Treasury and repo market disruptions
  • Asset pricing models for Treasury bonds, equities, options, cryptocurrencies, stablecoins
  • Monetary policy and impact on financial markets

Email: Adrien.davernas@hhs.se
Phone: +46 70 284 58 69 (please text first)
Languages: English


Magnus Dahlquist

Professor, Department of Finance

Areas of expertise:

  • Asset management, investment behaviors and decisions, design and performance of pension plans
  • Trading strategies in bond and currency markets, and pricing of currency risks
  • Performance and characteristics of mutual funds, sovereign wealth funds, and pension systems

Email: magnus.dahlquist@hhs.se
Languages: English, Swedish


Tore Ellingsen

Professor, Department of Economics

Areas of expertise:

  • How monetary policy impacts market interest rates and economic stability
  • Factors influencing tax compliance

Email: tore.ellingsen@hhs.se
Phone: +46 (0)70 796 10 49
Languages: English, Swedish, Norwegian


Mariassunta Giannetti

Professor, Department of Finance

Areas of expertise:

  • Corporate governance and shareholder protection
  • Monetary policy, ECB, central banks, policy rates, negative policy rates
  • Bank lending and liquidity, syndicated loan markets, bank bailouts, banking crises and contagion in emerging markets

Email: Mariassunta.Giannetti@hhs.se
Languages: English, Italian


Hans Kjellberg

Professor, Department of Marketing and Strategy

Areas of expertise:

  • Market-shaping fundamentals, including rules and norms for exchanges
  • Impact of public procurement on market demand
  • Role of markets in a changing society
  • Markets as social and cultural phenomena
  • Diversity of markets – from financial markets to local food networks

Email: hans.kjellberg@hhs.se
Phone: +46 708 633 356 (please send SMS first)
Languages: English, Swedish


Kalle Kraus

Professor, Department of Accounting

Areas of expertise:

  • Management control systems within public sector organizations, including municipalities and public sector agencies
  • The role of rankings and ratings in society
  • How emotional factors influence risk assessment and decision-making within organizations, especially during crises
  • Complexities of managing control and accountability in inter-organizational settings such as partnerships, joint business ventures, and supply chains

Email: kalle.kraus@hhs.se
Languages: English, Swedish


Alexander Ljungqvist

Professor, Department of Finance

Areas of expertise:

  • Corporate finance, corporate governance, corporate taxation, investment banking, IPOs, entrepreneurial finance, private equity, venture capital, asset pricing, market microstructure, innovation, patents, and labor economics

Email: alexander.ljungqvist@hhs.se
Phone: +46 (0)8 736 96 78
Languages: English, Swedish


Henrik Nilsson

Professor, Department of Accounting

Areas of expertise:

  • Financial statement analysis and valuation
  • Auditing, including auditor independence and quality, the impact of auditors’ personal investments on audit objectivity, auditors owning stocks in the companies they audit
  • Economic crime, insider trading, criminal convictions of executives
  • How personal characteristics of executives (CEOs, CFOs, board members) influence financial reporting and risk management

Email: henrik.nilsson@hhs.se
Languages: English, Swedish


Marcus Opp

Professor, Department of Finance; Affiliated Researcher, Swedish House of Finance

Areas of expertise:

  • Impact of ESG regulations and taxonomies on greenwashing and sustainable investment standards
  • How financial regulations and credit ratings influence risk-taking in banks and other financial institutions
  • The role of deferred compensation and clawback provisions in executive compensation and risk management
  • Dynamics of credit markets and the implications for financial stability, including the role of financial intermediaries on credit allocation and pricing

Email: marcus.opp@hhs.se
Languages: English


Per Strömberg

Professor, Department of Finance; Affiliated Researcher, Swedish House of Finance

Areas of expertise:

  • Private equity, buyouts, LBOs
  • Venture capital and entrepreneurship, angel financing
  • Climate policy and firm productivity, carbon pricing, biofuel blending requirements
  • Corporate governance, stakeholders, ESG
  • Mergers and acquisitions, corporate restructuring, bankruptcy, and financial distress

Email: Per.Stromberg@hhs.se
Phone: +46 (0)8 736 91 19
Languages: English, Swedish