Bengt R. Holmström

Bengt R. Holmström

  • Paul A. Samuelson Professor of Economics, Department of Economics and Sloan School of Management, Massachusetts Institute of Technology.
  • PhD, Stanford university 1978.

Bengt Robert Holmström is a microeconomic theorist, best known for his research on the theory of contracting and incentives especially as applied to the theory of the firm, to corporate governance and to liquidity problems in financial crises.

In 2016, Holmström and Professor Oliver Hart won Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their contributions to contract theory. Holmström has also won several other prestigious research awards.

Holmström started his carreer at the Kellogg Graduate School of Management at Northwestern University in 1979, moved on to Yale School of Management in 1983, and joined MIT in 1994. He is an elected fellow of the American Academy of Arts and Sciences, the Econometric Society and the American Finance Association, and an elected foreign member of the Royal Swedish Academy of Sciences and the Finnish Academy of Sciences and Letters.

He is a research associate of the National Bureau of Economic Research, and served as President of the Econometric Society in 2011. Holmström holds honourary doctorates from Hanken School of Economics and the University of Vaasa in his native Finland, and Stockholm School of Economics. Professor Holmström has visited NHH on several occasions. He gave the annual Karl Borch Lecture in 2002 and the Frøystein Gjesdal Lecture on Accounting Research in 2013.