Pension Reform, Ownership Structure, and Corporate Governance: Evidence from Sweden

Acknowledgments. We would like to thank Matias Braun, Vidhi Chhaochharia and seminar participants at the American Economic Association Meeting (Chicago), the Swedish Ministry of Finance, and Tilburg University for helpful comments; the Rotman International Centre for Pension Management, NETSPAR (Giannetti and Laeven), and the Jan Wallander and Tom Hedelius Foundation (Giannetti) for financial support; and Alexei Atanassov and Ying Lin for excellent research assistance. We are also grateful to Sven-Ivan Sundqvist for providing us with the data on shareholdings. The views presented in this paper are those of the authors and should not be attributed to or reported as reflecting the position of the IMF, or its Executive Directors.