Per Strömberg

The theme for this year's Karl Borch Lecture is important but challenging! More of the value creation from investments takes place outside the stock exchanges. There are many views about so-called unlisted or private equity investments. We will highlight such investments. Perhaps private equity investments also create value for others than just the owners. It could also be that private equity investments can be a driving force for good green solutions. We have put together a program that will discuss the questions based on the thinking of the leading academic researchers. 

The 18th Karl Borch Lecture will be given by Professor Per Strömberg. He holds the SSE Centennial Professor of Finance and Private Equity at the Stockholm School of Economics. He is also Adjunct Professor of Finance at the University of Chicago Booth School of Business. The title of his talk is “Private equity, liquidity, and corporate governance”.

In addition, Eline Stokstad Fjell from Verdane will discuss how to think about the questions in practice. Finally, there will be a panel debate led by Torbjørn Røe Isaksen. Three videos have been attached to preview the discussions, two of which feature this year's Karl Borch lecturer, Per Strömberg:

  • Private Equity: Lessons Learned from Research - Interview with Professor Kaplan (Part 1) - YouTube
  • Private Equity: What Lies Ahead for the Industry? A Discussion on with Professor Kaplan (Part 2) - YouTube
  • Does Private Equity Create or Extract Value? - YouTube


Programme - Thursday, September 14, 2023


(Karl Borch's Aud.)

Introduction and announcement of endowed professorship from Argentum

10.30-11.30: The 18th Karl Borch Lecture
(Karl Borch's Aud.)

Professor Per Strömberg

Private equity, liquidity, and corporate governance



11.45-12.00: Perspective from practice:
(Karl Borch's Aud.)

Eline Stokstad Fjell

12.00-12.30: Panel discussion:
(Karl Borch's Aud.)
Lead by Torbjørn Røe Isaksen

Lunch (by invitation only)


The Karl Borch Lecture Series

The Karl Borch Lecture Series was established in 2002 by the Department of Finance and Management Science, in honor of Karl Borch.

Borch was a professor at NHH between 1963 and 1986, and is considered one of the founders of economics of uncertainty.

The annual lecture is on a current research topic and given by distinguished scholars, whose research capture the pioneering spirit of Borch, but not necessarily his fields of research in a narrow sense.