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Short Biography
From
July 1, 2008, Per Strömberg is the Director of the Institute for Financial
Research (SIFR). Strömberg joined SIFR in 2004 as a Senior Research
Fellow. He is also a Professor of Finance at the Stockholm School of
Economics, and Adjunct Professor of Finance at the University of Chicago
Graduate School of Business. He received his Ph.D. in Financial Economics
from Carnegie Mellon University
and holds an MBA (civilekonom) from the Stockholm School of Economics.
Dr Strömberg's research has primarily focused on the two areas of bankruptcy
and private equity finance. His research has been awarded with the 2001
Brattle Prize for best corporate finance paper published in the Journal of
Finance and the 2007 Stuart Greenbaum Award for the best paper published in
the Journal of Financial Intermediation. In 2006 he received the “Researcher
of the Year” award (“Partnerprogrammets Forskarpris”) at the Stockholm School
of Economics.
At the Stockholm School of Economics, Dr. Strömberg teaches the elective
class in “Venture Capital and Private Equity.” Between 1997 and 2004, Dr
Strömberg was a faculty member at the University of Chicago,
where he taught the MBA case course in financial management as well as
co-taught the PhD course in corporate finance. He still teaches corporate
finance in the University of Chicago GSB international executive MBA programs,
where he won best teacher awards in the European executive MBA program in
2004 and 2005, and was chosen as “Professor of the Year” by the Asia executive MBA class in 2006.
He is a faculty research fellow of the National Bureau of Economic Research
(NBER), a research affiliate of the Center for Economic Policy Research
(CEPR), and a research associate of the European Corporate Governance
Institute (ECGI). He is also an independent board member of Conversus
Capital, L.P.
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Academic
Publications
- Conflicts of Interest and Market Illiquidity in Bankruptcy
Auctions: Theory and Tests , Journal of Finance 55 (2000), 2641–2691.
[Winner of the Brattle Prize for Best Paper in Corporate Finance
published in the Journal of Finance in 2001.]
- Venture Capitalists as Principals:
Contracting, Screening, and Monitoring (with Steven Kaplan), American Economic
Review 91 (2001), 426–430.
- Financial Contracting Theory Meets the
Real World: Evidence from Venture Capital Contracts (with Steven Kaplan), Review of Economic
Studies 70 (2003), 281–315.
- Maximizing the Value of Distressed
Assets: Bankruptcy Law and the Efficient Reorganization of Firms, (with David Smith). In: Honahan, P. and L.
Laeven (eds.), Systemic Financial Distress: Containment and Resolution (New York: Cambridge University
Press, 2005).
- Characteristics, Contracts, and Actions:
Evidence from Venture Capital Analyses, (with Steven Kaplan), Journal of Finance
59 (2004), 2177-2210.
- How Do Legal Institutions and Experience
Affect Financial Contracts? (with Frederic Martel and Steven Kaplan), Journal of
Financial Intermediation (2007). (Winner of the NASDAQ Award for
best paper on capital formation, Western Finance Association 2004 and
the Stuart Greenbaum award for the best paper published in the JFI in 2007.)
- Should Investors Bet on the Jockey or the
Horse? Evidence from the Evolution of Firms from Early Business Plans to
Public Companies (with
Steven Kaplan and Berk Sensoy), forthcoming, Journal of Finance.
Selected
Working Papers
Other
Articles
- Giriga Fordringsägare, Lättsinniga Entreprenörer, och Svårfunna
Budgivare: Incitamentskonflikter i Konkurs (Greedy Creditors, Imprudent Entrepreneurs, and
Scarce Bidders: Incentive Problems in Bankruptcy; in Swedish). In:
Karlsson, Nils, and Dan Johansson (eds.), Den svenska tillväxtskolan. Om den ekonomiska utvecklingens kreativa förstörelse (The Swedish
Growth School: On the Creative Destruction of Economic Development),
2002.
- Evidence on the Venture Capitalist Investment
Process: Contracting, Screening, and Monitoring, (with Steven Kaplan).
Forthcoming in: Renneboog, L. and J. McCahery (eds.), Venture Capital
Contracting and the Valuation of High Tech and Internet-Related
Projects, Oxford
University Press.
- Hur står det till med den svenska venture capital marknaden?, (”What is the current state of the Swedish
venture capital market?”). Editorial, Ekonomisk Debatt
3/2005.
- Gräshoppor, ansiktslöst kapital, och långsiktiga ägare, (”Locusts, faceless capital, and long-term
owners”). Editorial, Ekonomisk Debatt 3/2006.
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