Finland's OP-Pohjola Group Research Foundation has granted its first €40,000 merit award to Bengt Holmström, professor of Economics at the Massachusetts Institute of Technology.
Finland’s OP-Pohjola Group Research Foundation has granted its first €40,000 merit award to Bengt Holmström, professor of Economics at the Massachusetts Institute of Technology.
Professor Holmström, who did his BS in Mathematics at the University of Helsinki, is one of the world’s leading researchers in corporate theory, corporate governance problems, contracts and incentive systems. His recent research has focused on liquidity problems and financial crises.
He has also held professorships at Northwestern and Yale University and acted as visiting Professor at Hanken School of Economics in Helsinki, Helsinki School of Economics and Helsinki University. He is a board member at Nokia, Finnish Business and Policy Forum EVA and Aalto University.
The merit award is given either for life’s work or an exceptionally significant achievement or performance. OP-Pohjola Group Research Foundation has begun to issue merit and encouragement awards to commemorate its 40th anniversary. An encouragement award is given to a person who has displayed exceptional creativity and who can be expected to achieve something exceptional also in the future.
Together the OP-Pohjola Group Research Foundation and the Kyösti Haataja Foundation have announced the distribution of some €1.1 million in research grants.
To see a full list of grants awarded during 2012 click here: [asset_library_tag 5229,Grants]