PhD Candidate in Finance
Swedish House of Finance · Stockholm School of Economics
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Welcome! I am a Ph.D. candidate in Finance at the Stockholm School of Economics.
My research focuses on the relation between financial markets and innovation and entrepreneurship. I am particularly interested in venture capital and private equity, and how they change entrepreneurial activities. I combine theoretical modeling with structural and empirical analysis to understand how financial relationships influence market structure and the allocation of innovative activity.
My advisors are Alexander Ljungqvist (Stockholm School of Economics) and Per Strömberg (Stockholm School of Economics).
Research
Value Added and Entry Deterrence in Venture Capital Networks
A structural matching model of venture capital syndication that separates the genuine value VCs add to their portfolio companies from the entry they quietly block, and estimates how much of the well-known network performance premium is each.
Repeated Syndication and Entry Deterrence in Venture Capital
A dynamic model of venture capital syndication asking when repeated dealmaking lets investors sustain an implicit agreement not to fund each other's competitors — and which network structures make that agreement stable.
A structural model of green vs. brown capital quantifying how carbon policies reshape productivity, emissions, and capital allocation in Swedish manufacturing.
Using daily ownership data from Iran, we show that direct and indirect common ownership both raise stock-return comovement, with business-group affiliation the dominant channel.
Recognition
Tomas Björk Best Paper Prize, Swedish House of Finance (2024).
Conferences
Summer PhD Workshop on Entrepreneurial Finance, Nova SBE, Lisbon (2026) · NBER Entrepreneurial Bootcamp, National Bureau of Economic Research (2025) · Summer School on Structural Estimation in Corporate Finance, Wharton (2025).
References
Professor, Stefan Persson Family Chair in Entrepreneurial Finance and Private Equity · Stockholm School of Economics
Alexander.Ljungqvist@hhs.seCentennial Professor of Finance and Private Equity · Stockholm School of Economics
Per.Stromberg@hhs.se