The Karl Borch Lecture Series was established in 2002 by the Department, in honor of Borch.
The lecture is on a current research topic and given by distinguished scholars, whose research capture the pioneering spirit of Karl Borch, but not necessarily his fields of research in a narrow sense.
Karl Borch Lecture 2023
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
10.00-10.15: |
Coffee
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10.15-10.30: (Karl Borch's Aud.) |
Introduction and announcement of endowed professorship from Argentum
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10.30-11.30: The 18th Karl Borch Lecture (Karl Borch's Aud.) |
Professor Per Strömberg
Private equity, liquidity, and corporate governance
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11.30-11.45: |
Coffee
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11.45-12.00: Perspective from practice: (Karl Borch's Aud.) |
Eline Stokstad Fjell
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12.00-12.30: Panel discussion: (Karl Borch's Aud.) |
Lead by Torbjørn Røe Isaksen |
12.30-: |
Lunch (by invitation only)
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Karl Borch Lectures 2002-2019
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Karl Borch Lecture 2019 - Annette Vissing-Jørgensen
Karl Borch Lecture 2019 - Annette Vissing-Jørgensen
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Karl Borch Lecture 2018 - Robert C. Merton
Karl Borch Lecture 2018 - Robert C. Merton
Robert C. Merton, MIT Sloan School
Observations on Finance Science and Insurance Innovation in Improving Economic Performance
Press release
The 16th Karl Borch Lecture, held at NHH on Thursday September 20 2018
(12.15-13.45 in Karl Borch's Aud.).
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Karl Borch Lecture 2017 - James Poterba
Karl Borch Lecture 2017 - James Poterba
James Poterba, Massachusetts Institute of Technology
Retirement Security: The Role of Public and Private Insurance Markets
Press release
The 15th Karl Borch Lecture, held at NHH on Wednesday June 21 2017
(12.15-13.45 in Karl Borch's Aud.).
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Karl Borch Lecture 2016 - Andrew W. Lo
Karl Borch Lecture 2016 - Andrew W. Lo
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Karl Borch Lecture 2015 - Lasse Heje Pedersen
Karl Borch Lecture 2015 - Lasse Heje Pedersen
Lasse Heje Pedersen, Copenhagen Business School
Efficiently Inefficient
Press release
Paper
Slides
The 13th Karl Borch Lecture, held at NHH on Thursday September 3 2015
(12.15-13.45 in Agnar Sandmo's Aud.).
Additional lecture
Quality Minus Junk
(in the Department's Seminar Series, on Wednesday September 2 2015)
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Karl Borch Lecture 2013 - David M. Kreps
Karl Borch Lecture 2013 - David M. Kreps
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Karl Borch Lecture 2012 - Eduardo Schwartz
Karl Borch Lecture 2012 - Eduardo Schwartz
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Karl Borch Lecture 2011 - John Y. Campbell
Karl Borch Lecture 2011 - John Y. Campbell
John Y. Campbell, Harvard University
Investing and Spending: The Twin Challenges of Endowment Management
Slides
The 10th Karl Borch Lecture, held at NHH on Tuesday August 23 2011
(13.10-14.20 in Dag Coward's Aud.).
Additional lecture
Hard Times
(in the Department's Seminar Series, on Monday August 22 2011)
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Karl Borch Lecture 2010 - Christian Gollier
Karl Borch Lecture 2010 - Christian Gollier
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Karl Borch Lecture 2009 - Jacques Drèze
Karl Borch Lecture 2009 - Jacques Drèze
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Karl Borch Lecture 2008 - Mark Rubinstein
Karl Borch Lecture 2008 - Mark Rubinstein
Mark Rubinstein, University of California, Berkeley
Great Moments in Financial Economics: The Hidden History
The 7th Karl Borch Lecture, held at NHH on Friday September 5 2008
(12.15-13.45 in Karl Borch's Aud.).
Additional lecture
Rational Markets: Yes or No? The Affirmative Case
(in the Department's Seminar Series, on Monday September 8 2008)
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Karl Borch Lecture 2007 - Hayne E. Leland
Karl Borch Lecture 2007 - Hayne E. Leland
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Karl Borch Lecture 2006 - Stephen A. Ross
Karl Borch Lecture 2006 - Stephen A. Ross
Stephen A. Ross, Massachusetts Institute of Technology
A Neoclassical Look at Behavioral Finance: A Tale of Two Anomalies
Press release (in Norwegian)
The 5th Karl Borch Lecture, held at NHH on Friday May 12 2006
(12.15-13.45 in Aud. C).
Additional lecture
Topics in Finance
(in the Department's Seminar Series, on Thursday May 11 2006)
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Karl Borch Lecture 2005 - Michael Brennan
Karl Borch Lecture 2005 - Michael Brennan
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Karl Borch Lecture 2004 - Robert Wilson
Karl Borch Lecture 2004 - Robert Wilson
Robert Wilson, Stanford University
Risk Management in Liberalized Electricity Markets
Press release (in Norwegian)
Abstract
Partial draft
Slides
The 3rd Karl Borch Lecture, held at NHH on Friday October 29 2004
(12.15-13.45 in Finn E. Kydland's Aud.).
Additional lecture
Characterizations of Stable Equilibria of Games
(based on two papers: abstract, slides, paper 1, paper 2)
(in the Department's Seminar Series, on Thursday October 28 2004)
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Karl Borch Lecture 2003 - Oliver Hart
Karl Borch Lecture 2003 - Oliver Hart
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Karl Borch Lecture 2002 - Bengt Holmström
Karl Borch Lecture 2002 - Bengt Holmström
Bengt Holmström, Massachusetts Institute of Technology
Liquidity and Insurance
The Inaugural Karl Borch Lecture, held at NHH on Friday May 3 2002
(13.15-14.45 in Aud. E).
Additional lecture
Vision and Firm Scope
(in the Department's Seminar Series, on Thursday May 2 2002)