Alexander Ljungqvist

Last updated
Alexander Ljungqvist
Born
Nationality Swedish
Occupation Professor
Employer Stockholm School of Economics
TitleStefan Persson Professor in Entrepreneurial Finance
Board member of Sixth Swedish National Pension Fund (AP6)
Website https://www.hhs.se/en/houseoffinance/about/people/people-container/alexander-ljungqvist/

Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he is the inaugural holder of the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches Master's, MBA, and executive courses in private equity and venture capital and a PhD course in corporate finance. [1] [2]

Contents

Biography

Ljungqvist received an MSc in economics and business from Lund University in Sweden and his MA, MPhil, and DPhil degrees in economics from Nuffield College at Oxford University. After teaching for five years at Oxford University's Said Business School and Merton College, where he held the Bankers Trust Fellowship, Ljungqvist joined New York University Stern School of Business in 2000, received tenure in 2005, became a full professor in 2007, and was appointed to the Ira Rennert Chair in Finance and Entrepreneurship in 2009. Between 2014 and 2018, Ljungqvist served as the Sidney Homer Director of NYU's Salomon Center. He was previously director of research of NYU's Berkley Center for Entrepreneurial Studies. [2] He left NYU in 2018 to join SSE. [3] He has held visiting appointments at Harvard Business School, Northwestern University's Kellogg School of Management, London Business School, the University of Sydney, Tokyo University, National University of Singapore, and Cambridge University, where he held the Sir Evelyn de Rothschild Fellowship. [2]

From 2008 to 2014, Ljungqvist served as editor of the Review of Financial Studies , one of the leading scholarly journal in financial economics. [4] He is also a research fellow of the Centre for Economic Policy Research in London, [5] a founder and senior academic fellow of the Asian Bureau of Financial and Economic Research in Singapore, [6] a fellow of the Research Institute of Industrial Economics in Stockholm (IFN), [7] a member of the European Corporate Governance Institute in Brussels (ECGI), [8] and a co-founder of the Nordic Initiative for Corporate Economics (NICE). [9] Prior to his return to Europe in 2018, he was a research associate of the National Bureau of Economic Research in Cambridge, Massachusetts. [10]

Business experience

Ljungqvist currently serves on the board of directors of the Sixth Swedish National Pension Fund (AP6), which as of 2021 manages SEK 68.6 billion of assets invested in private equity and venture capital funds and unlisted companies on behalf of the Swedish public pension system. [11] He has previously served as a securities market regulator via the Nasdaq Listing Council (2011-2017), on the World Economic Forum's Council of Experts overseeing the "Alternative Investments 2020" project (2012-2015), on a World Economic Forum working group tasked with "Rethinking financial innovation" (2011-2012), on the UK Department for Business Panel of Experts overseeing the 2014 review of the UK equity markets on behalf of the then Secretary of State for Business, the Rt. Hon. Sir Vince Cable (2013-2014), on the supervisory board of mAbxience SA, a European biosimilars company (2014-2016), and on the board of the Stockholm School of Economics (2018-2020). In the 2000s, he designed alternative investment strategies for Deutsche Bank Securities on Wall Street. Between 1995 and 2000, he was a senior consultant with OXERA Ltd where he advised corporate clients on questions of regulatory economics and corporate strategy. He has consulted for the European Central Bank, the World Bank, Catalano Gallardo & Petropoulos LLP, British Gas, Transco, British Telecom, United Utilities, Stagecoach, Severn Trent, Tradepoint plc, Australian Gas, Telstra, among others. [2]

Honors and awards

In 2019 and again in 2024, Dr. Ljungqvist was appointed a Wallenberg Scholar by the Knut and Alice Wallenberg Foundation, [12] only the second economist to be awarded this honor. [13] In 2011, he was honored with the Ewing Marion Kauffman Prize Medal for his work in entrepreneurship. [14]

Other honors and awards include the following:

Keynotes and invited lectures

Significant scholarships

Publications

Professor Ljungqvist has written more than forty articles, monographs, and working papers. He has published articles in leading scholarly journals, including the Journal of Finance , the Review of Financial Studies , and the Journal of Financial Economics . [16]

Related Research Articles

An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded.

Maureen Patricia O'Hara is an American financial economist. O'Hara is the Robert W. Purcell Professor of Management, a professor of finance, and acting director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University. She has won numerous awards and grants for her research, served on numerous boards, served as an editor for numerous finance journals, and chaired the dissertations of numerous students. In addition, she is well known as the author of Market Microstructure Theory. She was the first female president of the American Finance Association. She has been awarded honorary doctorates from three European universities.

Roni Michaely is an Israeli academic specializing in Economics and Finance. Michaely is Professor of Finance at the University of Hong Kong, School of Business and Economics. He was also appointed to a director of the Israel Securities Authority (ISA) in January 1998 and also serves as an associate editor for the Review of Financial Studies.

Edward I. Altman is a Professor of Finance, Emeritus, at New York University's Stern School of Business. He is best known for the development of the Altman Z-score for predicting bankruptcy which he published in 1968. Professor Altman is a leading academic on the High-Yield and Distressed Debt markets and is the pioneer in the building of models for credit risk management and bankruptcy prediction.

Tim Jenkinson is Professor of Finance at the Saïd Business School, University of Oxford. His research is on initial public offerings, securitisation and private equity. He teaches the Private Equity course on the MBA, which has been the most popular elective in recent years. He was awarded the Teaching Innovation Award by the 2007 graduating Executive MBA Class for this course.

Colin Peter Mayer was the Peter Moores Professor of Management Studies at the Saïd Business School at the University of Oxford. He was the Peter Moores Dean of the Saïd Business School between 2006 and 2011. He is a fellow of the British Academy, a fellow of the European Corporate Governance Institute, a fellow of the Royal Society of Arts, and a research fellow of the Centre for Economic Policy Research. He is a professorial fellow of Wadham College, Oxford, an honorary fellow of St. Anne's College, Oxford, and an honorary fellow of Oriel College, Oxford. He is an ordinary member of the Competition Appeal Tribunal and was a member of the UK government Natural Capital Committee. Over the last decade he has made the case against narrow shareholder value maximization by business firms and instead promoted the broader view of business purpose to promote economic and social well-being.

Campbell Russell "Cam" Harvey is a Canadian economist, known for his work on asset allocation with changing risk and risk premiums and the problem of separating luck from skill in investment management. He is currently the J. Paul Sticht Professor of International Business at Duke University's Fuqua School of Business in Durham, North Carolina, as well as a research associate with the National Bureau of Economic Research in Cambridge, Massachusetts. He is also a research associate with the Institute of International Integration Studies at Trinity College Dublin and a visiting researcher at the University of Oxford. He served as the 2016 president of the American Finance Association.

Söhnke Matthias Bartram is a professor in the Department of Finance at Warwick Business School (WBS). He is also a research fellow in the Financial Economics programme and the International Macroeconomics and Finance programme of the Centre for Economic Policy Research (CEPR), a charter member of Risk Who's Who, and a member of an international think tank for policy advice to the German government. Prior to joining the University of Warwick, he held faculty positions at Lancaster University and Maastricht University and worked for several years in quantitative investment management at State Street Global Advisors as Head of the London Advanced Research Center.

<span class="mw-page-title-main">University of Birmingham Financial Forum</span>

The University of Birmingham Financial Forum is a student-run conference for hundreds of students that was founded in 2011 and held at the University of Birmingham, United Kingdom.

Tony Naughton was a British/Australian financial economist and academic accountant who was the head of the School of Economics, Finance and Marketing at the Royal Melbourne Institute of Technology (RMIT) for over ten years immediately prior to his death in July 2013. He was known for his research into finance and corporate governance and for his contribution to raising the research profile of the School of Economics, Finance and Marketing at RMIT. He was also known for the successful mentoring of a large number of students and colleagues.

Jeremy James Siegel is an American economist who is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. Siegel comments extensively on the economy and financial markets. He appears regularly on networks including CNN, CNBC and NPR, and writes regular columns for Kiplinger's Personal Finance and Yahoo! Finance. Siegel's paradox is named after him.

<span class="mw-page-title-main">Yishay Yafeh</span>

Yishay Yafeh is an Economist and a Professor of Finance at the Hebrew University of Jerusalem School of Business Administration in Israel. Between 2010–2012 he was the vice- dean of the Hebrew University School of Business Administration and the Dean of the School between 2012–2016.

Gordon Phillips is an American financial economist, currently at Tuck School of Business, Dartmouth College. He obtained his bachelor's degree at Northwestern University in 1986 and his Ph.D. and M.A. from Harvard University in 1991.

<span class="mw-page-title-main">John F. Helliwell</span>

John F. Helliwell is a Canadian economist, professor emeritus of Economics at the University of British Columbia. senior fellow of the Canadian Institute for Advanced Research (CIFAR) and co-director of the CIFAR Programme on Social Interactions, Identity, and Well-Being; Board Director of the International Positive Psychology Association, and editor of the World Happiness Report.

<span class="mw-page-title-main">Ilya Strebulaev</span>

Ilya A. Strebulaev is a Russian- American financial economist, researcher, author, and speaker with expertise in venture capital, startups, and corporate innovation. He has been a professor at the Stanford Graduate School of Business since 2004. From 2018 to 2022 he was on the board of directors of Yandex, the Russian equivalent of Google.

Francesca Cornelli is an economist who is Dean for Northwestern University's Kellogg School of Management.

<span class="mw-page-title-main">Laura Veldkamp</span> American economist

Laura Veldkamp is an American economist teaching as a professor of finance at Columbia University's Graduate School of Business and also serves as a co-editor of the Journal of Economic Theory.

Henrik Cronqvist is the Robert J. and Carolyn A. Waltos Dean and Professor of Economics of the George L. Argyros School of Business and Economics at Chapman University in Orange, California, a position he has held since August 2022. He previously served as a professor of finance, Bank of America scholar, and vice dean for faculty and research at the University of Miami School of Business, where he conducted interdisciplinary research and taught finance and management courses at both undergraduate and graduate levels.

Alex Edmans is a British academic and economist who is professor of finance at London Business School and Mercers' School Memorial Emeritus Professor of Business at Gresham College. He serves on the World Economic Forum Global Future Council on the Future of Responsible Investing and as a non-executive director of the Investor Forum. He is an elected Fellow of the Academy of Social Sciences and the Financial Management Association, Director of the American Finance Association and Vice President-Elect of the Western Finance Association.

Yael Hochberg is an American economist and the Ralph S. O'Connor Professor of entrepreneurship and finance at Rice University.

References