Research

Globalization and Corporate Restructuring

We are currently in the middle of a globalization process of historical magnitude. The process is both driven by the quick growth of very well-functioning financial markets where firms can quickly change owners across country borders, and by the emergence of financially strong and increasingly internationally open countries such as the those in the former Soviet Union, China and India. In the research program Globalization and Corporate Restructuring, we are studying a number of key issues related to this process. Our focus is currently on international integration, ownership changes, and the digitization of the business sector.

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 challenges 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 beyond 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 Blix, Björn Tyrefors Hinnerich, Niklas Elert, Shon Ferguson, Magnus Henrekson, Fredrik Heyman, Per Hjertstrand, Henrik Horn, Nikita Koptyug, Pehr-Johan Norbäck, Martin Olsson, and Lars Persson.

Affiliated researchers: Karin Edmark, Jens Josephson, Matti Keloharju, Samuli Knüpfer, Alexander Ljungqvist, Kaveh Majlesi, Lars Oxelheim, Maria Persson, Johanna Rickne, Fredrik Sjöholm, and Jonas Vlachos.

PhD students: Aron Berg, Joakim Jansson, and Louise Johannesson.

International cooperation

Visiting researchers

Collaborating with others is essential for IFN as a research institute. Our researchers co-author articles with colleagues from other institutes, and many also teach at various universities and colleges.

As part of our extensive program of guest researchers, leading international researchers visit the institute. The visitors present and pursue their research as well as interact and cooperate with researchers at IFN.

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