Tove Forsbacka

I am an Assistant Professor at the Norwegian School of Economics. 

My research is in Antitrust and Corporate Governance, focusing on topics such as shareholder voting, market power, and antitrust enforcement. You can hear me talk about my research on shareholder voting and proxy advisors here (in Swedish), where I am interviewed by Dagens industi.

I obtained my Ph.D. from Stockholm School of Economics in 2024 and received the Peter Högfeldt Award for Outstanding Ph.D. Thesis. I have held visiting positions at the University of Chicago (2022/23) and Paris Panthéon-Assas University (spring 2022). 

I am part of the team organizing the BECCLE Conference on Competition Law and Economics, find out more here. 

My CV is available here.

PUBLICATIONS

Does the Production Approach to Markup Estimation Match a Stylized Fact?  [SSRN]

Review of Economics and Statistics (Accepted)

Cartel Birth and Death Dynamics: Empirical Evidence [Paper] [SSRN]

with Chloé Le Coq and Catarina Marvão 

International Journal of Industrial Organization (2023)

WORKING PAPERS

The Proxy Advice Industry and Common Owners' Coordination [SSRN]

Winner: CRESSE- CPI Young Researcher Award 2024, Best Paper Award at the Swedish National Ph.D. Workshop in Finance 2023 

Conferences: Harvard-Oxford Conference on Common Ownership 2024, ECGI-SHOF Corporate Governance Conference 2024, IIOC 2025, CRESSE 2024, CEPR IO Gathering 2023

Coverage: ECGI blog

Cartels as Shock Absorbers [SSRN]

with Chloé Le Coq and Catarina Marvão 

Conferences: CRESSE 2025, Oligo Conference 2025, NORIO 2025

SELECTED WORK IN PROGRESS

How do Hedging Policies Affect Executive Compensation?

with Jihun Bae, Tore Ellingsen, Eirik Gaard Kristiansen, and Ruishen Zhang

Conferences: Berkeley-NHH Workshop 2025

TEACHING

• Corporate Strategic Behavior and Market Power, Norwegian School of Economics, Lecturer, 2025-2026

• Competitive Strategy, Norwegian School of Economics, Lecturer, 2026

• Firm Strategy and Competition, Norwegian School of Economics, Lecturer, 2025

• Data Analytics in R, Paris Panthéon-Assas University, Guest Lecturer, 2022

• Empirical Economics, Stockholm School of Economics, Teaching Assistant, 2020 & 2021

• Economics of Organizations, Stockholm School of Economics, Teaching Assistant, 2020