Affiliated researchers

Lars Oxelheim


Research interests: Risk management, corporate governance and composition of the board, CEO-compensation and ownership, and international business.

Among the questions that Lars Oxelheim tries to answer with his research:

  • Does the diversification of the corporate board of directors create shareholder value. What value is created with a diversified company board?)
  • How to design a program to incentivize the CEO and his/her management team in a value creating way?
  • Which ownership model is paramount in creating value and economic growth?
  • How to develop a management system for dealing with corporate exposure to macroeconomic risks?
  • How-to a company might distinguish between persistent and temporary gain in times of macroeconomic turbulence?
  • How should macroeconomic impact on business performance be reported to external stakeholders?
  • What is "optimal transparency" and how might deviations from this state of affairs be linked to economic growth?
  • To what extent is language a barrier to the internationalization of a company's board?
  • To what extent are financial factors important in a company's decisions on cross-border real investment?

New research

The Silent Board: How Language Diversity May Influence the Work Processes of Corporate Boards Rebecca Piekkari, Lars Oxelheim and Trond Randøy

Lars Oxelheim's research interests are in the area of the interplay between the firm and its macroeconomic environment encompassing economic and financial integration as well as managerial aspects, corporate governance and risk management. His empirical studies are often based on European data. Lars Oxelheim has authored, co-authored or edited some 35 research monographs and is the author of a large number of research articles published in international business, finance, and economic journals of which a selection of recent articles is found below.



Lars Oxelheim


Ph: +46 8 665 4527
Mob: +46 70 861 9361


Lars Oxelheim is professor of International Business and Finance at the Lund Institute of Economic Research, Lund University. He is chairman of the research faculty and of the IB program. He is honorary professor at the Fudan University, Shanghai, founding chairman of the Swedish Network for European Studies in Economics and Business (SNEE) and affiliated to IFN. Lars Oxelheim is an active member of several international research networks and serves on the editorial board of a number of journals.  

Leading Research Environment

IFN at the top


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The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programmes are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Global Award

Research on entrepreneurship




The Global Award for Entrepreneurship Research is the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and VINNOVA are the principals of the award.

Shaker Zahra, Professor at the Carlson School of Management at the University of Minnesota, is the winner of the Global Award for Entrepreneurship Research 2014. He will receive the award at a ceremony on December 3, in Stockholm.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 |