Faculty & Research

Per Stromberg

Adjunct Professor of Finance

Address :
5807 South Woodlawn Avenue
Chicago, IL 60637

Per Strömberg studies venture capital and entrepreneurial finance, costs of bankruptcy and financial distress, and corporate finance and governance. Strömberg is the SSE Centennial Professor of Finance and Private Equity at the Stockholm School of Economics and a senior research fellow at the Institute of Financial Research in Stockholm (SIFR). He is also a research affiliate of the Center for Economic Policy Research (CEPR), a research fellow of the European Corporate Governance Institute (ECGI), and a member of the Royal Swedish Academy of Sciences and the Royal Swedish Academy of Engineering Sciences.

Strömberg's research has been acknowledged by the 2001 and 2009 Brattle Group Prizes for best corporate finance paper published in the Journal of Finance, the 2004 NASDAQ award for best paper on capital formation at the Western Finance Association meetings, the 2006 Researcher of the Year award at the Stockholm School of Economics, the JFI Stuart Greenbaum Prize for the most significant paper published in the Journal of Financial Intermediation in 2007, and the ECGI Standard Life Annual Finance Prize for best corporate governance paper in 2013. In 2011 he was awarded the Assar Lindbeck Medal, given bi-annually to an economist active in Sweden below the age of 45.

Strömberg’s teaching has been acknowledged with best teaching awards in the University of Chicago Booth European executive MBA programs in 2004, 2005, 2013, and 2014, “Professor of the year” by the Chicago Booth AXP program in 2006, and the teacher of the year award at the Stockholm School of Economics in 2013.

Apart from his academic appointments, Dr. Strömberg is a scientific advisor to the Swedish Financial Supervision Authority (Finansinspektionen) and a board member of the Sixth AP Fund, a public pension fund focused on private equity investments.

Strömberg earned an MBA in finance from the Stockholm School of Economics in 1991. He earned a master's degree in industrial administration in 1993 and a PhD in finance in 1997, both from Carnegie Mellon University.

 

2014 - 2015 Course Schedule

Number Name Quarter
35802 Financial Strategy 2015 (Spring)

Research Activities

Corporate finance and governance; venture capital and entrepreneurial finance; private equity and leverage buyouts; costs of bankruptcy and financial distress.

"Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests," Journal of Finance (2000).

With S. Kaplan, "Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts," Review of Economic Studies (2003).

With S. Kaplan and B. Sensoy, "Should investors bet on the jockey or the horse? Evidence from the evolution of firms from early business plans to public companies," Journal of Finance (2010).

With U. Axelson and M. Weisbach, "Why are buyouts levered? The financial structure of private equity funds," Journal of Finance (2010).

With J. Lerner and M. Sorensen, "Private equity and long-run investment: The case of innovation," Journal of Finance (forthcoming).