Increased global economic integration greatly impacts Swedish industry and the Swedish economy. Swedish exports have increased from around 30 percent of GDP to over 50 percent and the same holds for imports. Swedish companies have also continued their expansion abroad and foreign investors increasingly invest in Sweden. The Swedish financial markets are also highly integrated into the rest of the world. In the research program Globalization and Corporate Restructuring, we are studying a number of key issues related to this process: international integration, ownership changes, and the digitization of the business sector.
- International integration greatly affects Swedish businesses and the development of international trade agreements. Within the program we study theses issues and issues related to cross-border ownership, trade patters, how foreign competition affects Swedish businesses, and how Sweden is affected by the growth of China.
- Ownership changes are central in the ongoing restructuring process of the business sector in Sweden. Changes in ownership are needed to meet the opportunities and challanges that globalization brings. Within the program, we study various aspects related to the economics of corporate ownership. Examples include the welfare consequences of acquisitions by multinational firms, venture capital and private equity investments, initial public offerings, and what the social value of the public company is.
- The digitization of the business sector is picking up speed. More and more job tasks can now be automated, and automatization is extending beyong just automatizing routine job tasks. Within the program, we take a broad approach to studying how this process affects Swedish businesses and the nature of the job tasks that are performed in Sweden.
The main financier of the program is the Marianne and Marcus Wallenberg Foundation, but specific projects and researchers within the program also obtain financing from other sources.
Program director: Joacim Tåg
Researchers: Carl Magnus Bjuggren, Mårten Blixt, Niklas Elert, Shon Ferguson, Magnus Henrekson, Fredrik Heyman, Per Hjertstrand, Henrik Horn, Nikita Koptyug, Pehr-Johan Norbäck, Martin Olsson, Lars Persson, och Johanna Rickne.
Affiliated researchers: Matti Keloharju, Samuli Knüpfer, Alexander Ljungqvist, Lars Oxelheim, Maria Persson, Fredrik Sjöholm, och Jonas Vlachos.
PhD students: Aron Berg, Joakim Jansson, och Louise Johannesson.