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Joacim Tåg

Professor, Program Director

Joacim Tåg is Program Director of the Firm Competitiveness program at IFN and Distinguished Visiting Professor of Economics at Hanken School of Economics. He holds a Ph.D. from Hanken School of Economics and has been a Fulbright Scholar at New York University.

He does research in labor and finance on corporate ownership, corporate control, human capital inside firms, and entrepreneurship. A central research question is how we can improve the competitiveness of firms and the economy at large through getting the right people to create, own, control, and work in the right firms.

IFN Researcher

Contact

Joacim Tåg

+46 (0)730337977

joacim.tag@ifn.se

Research interests: Corporate finance, Corporate governance, Economic growth, Entrepreneurship, Family business, Labor economics, Management, Private equity, venture capital, Privatization, Technological change

Among the questions that Joacim Tåg tries to answer with his research:

Who should own and control firms and how does it affect firm competitiveness and society?
Who starts new businesses and how can we support high-impact entrepreneurship?

Current writings

09 December 2024

Journal of Financial Economics

JAQ of All Trades: Job Mismatch, Firm Productivity and Managerial Quality

Journal Article

by Luca Coraggio, Marco Pagano, Annalisa Scognamiglio, Joacim Tåg

28 October 2024

Dagens Industri

Förbättra villkoren för snabbväxande bolag i EU

Op-Ed

by Joacim Tåg

11 October 2024

Journal of Finance

What is the Cost of Privatization for Workers?

Journal Article

by Martin Olsson, Joacim Tåg

Published at IFN

Journal Articles

09 December 2024 Coraggio, Luca, Marco Pagano, Annalisa Scognamiglio and Joacim Tåg (forthcoming). “JAQ of All Trades: Job Mismatch, Firm Productivity and Managerial Quality”. Journal of Financial Economics.

11 October 2024 Olsson, Martin and Joacim Tåg (forthcoming). “What is the Cost of Privatization for Workers?”. Journal of Finance.

09 August 2024 Keloharju, Matti, Samuli Knüpfer, Dagmar Müller and Joacim Tåg (2024). “PhD Studies Hurt Mental Health, But Less than Previously Feared”. Research Policy 53(8), 105078. doi.org/10.1016/j.respol.2024.105078

10 June 2024 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (forthcoming). “Risky Business: Venture Capital, Pivoting and Scaling”. Small Business Economics. doi.org/10.1007/s11187-024-00944-w

25 May 2023 Keloharju, Matti, Samuli Knüpfer and Joacim Tåg (2023). “CEO Health”. Leadership Quarterly 34(3), 101672. doi.org/10.1016/j.leaqua.2022.101672

06 September 2022 Keloharju, Matti, Samuli Knüpfer and Joacim Tåg (2022). “What Prevents Women from Reaching the Top?”. Financial Management 51(3), 711–738. doi.org/10.1111/fima.12390

01 January 2020 Koptyug, Nikita, Lars Persson and Joacim Tåg (2020). “Should We Worry about the Decline of the Public Corporation? A Brief Survey of the Economics and External Effects of the Stock Market”. North American Journal of Economics and Finance 51, 101061. doi.org/10.1016/j.najef.2019.101061

01 October 2019 Rider, Christopher I., Peter Thompson, Aleksandra Kacperczyk and Joacim Tåg (2019). “Experience and Entrepreneurship: A Career Transition Perspective”. ILR Review 72(5), 1149–1181. doi.org/10.1177/0019793919852919

01 November 2018 Olsson, Martin and Joacim Tåg (2018). “Are Foreign Private Equity Buyouts Bad for Workers?”. Economics Letters 172, 1–4. doi.org/10.1016/j.econlet.2018.08.002

01 May 2018 Colonnelli, Emanuele, Joacim Tåg, Michael Webb and Stefanie Wolter (2018). “A Cross–Country Comparison of Dynamics in the Large Firm Wage Premium”. AEA Papers and Proceedings 108, 323–327. doi.org/10.1257/pandp.20181067

01 March 2018 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2018). “Does the Debt Tax Shield Distort Ownership Efficiency?”. International Review of Economics & Finance 54, 299–310. doi.org/10.1016/j.iref.2017.09.012

01 March 2018 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2018). “Threatening to Buy: Private Equity Buyouts and Antitrust Policy”. Economics Letters 164, 31–34. doi.org/10.1016/j.econlet.2017.12.027

01 January 2018 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2018). “Private Equity Buyouts: Anti– or Pro–Competitive?”. Antitrust Chronicle 1(1), 1–5.

01 November 2017 Åstebro, Thomas and Joacim Tåg (2017). “Gross, Net, and New Job Creation by Entrepreneurs”. Journal of Business Venturing Insights 8, 64–70. doi.org/10.1016/j.jbvi.2017.06.001

01 July 2017 Olsson, Martin and Joacim Tåg (2017). “Private Equity, Layoffs, and Job Polarization”. Journal of Labor Economics 35(3), 697–754. doi.org/10.1086/690712

01 May 2017 Baziki, Selva Bahar, Pehr-Johan Norbäck, Lars Persson and Joacim Tåg (2017). “Cross–Border Acquisitions and restructuring: Multinational Enterprises and Private Equity Firms”. European Economic Review 94, 166–184. doi.org/10.1016/j.euroecorev.2017.02.012

01 October 2016 Tåg, Joacim, Thomas Åstebro and Peter Thompson (2016). “Hierarchies and Entrepreneurship”. European Economic Review 89, 129–147. doi.org/10.1016/j.euroecorev.2016.06.007

01 July 2016 Tangerås, Thomas and Joacim Tåg (2016). “International Network Competition under National Regulation”. International Journal of Industrial Organization 47, 152–185. doi.org/10.1016/j.ijindorg.2016.04.006

01 November 2013 Tåg, Joacim (2013). “Production Hierarchies in Sweden”. Economics Letters 121(2), 210–213. doi.org/10.1016/j.econlet.2013.08.001

01 February 2013 Lerner, Josh and Joacim Tåg (2013). “Institutions and Venture Capital”. Industrial and Corporate Change 22(1), 153–182. doi.org/10.1093/icc/dts050

01 December 2012 Economides, Nicholas and Joacim Tåg (2012). “Modelling the Welfare Effects of Network Neutrality Regulation: A Response to Caves’s Comment”. Information Economics and Policy 24, p. 293. doi.org/10.1016/j.infoecopol.2012.08.004

01 June 2012 Economides, Nicholas and Joacim Tåg (2012). “Network Neutrality on the Internet: A Two–Sided Market Analysis”. Information Economics and Policy 24(2), 91–104. doi.org/10.1016/j.infoecopol.2012.01.001

01 January 2011 Bergh, Andreas, Lars Persson, Per Skedinger and Joacim Tåg (2011). “Three Book Reviews”. Journal of Economic Literature XLVIII/XLIX, p. 1051–1053 / 151–152 & 168–170.

01 November 2009 Tåg, Joacim (2009). “Paying to Remove Advertisements”. Information Economics and Policy 21(4), 245–252. doi.org/10.1016/j.infoecopol.2009.02.001

01 January 2009 Tåg, Joacim (2009). “Competing Platforms and Third Party Application Developers”. Communications & Strategies (74), 95–114.

Book Chapters

09 September 2024 Olsson, Martin and Joacim Tåg (forthcoming). “From Wall Street to Work Floor: How Private Equity Buyouts Affect Workers”. In Brian Broughman and Elisabeth de Fontenay (Eds.), Research Handbook on the Structure of Private Equity and Venture Capital. Cheltenham: Edward Elgar Publishing.

01 January 2019 Tåg, Joacim (2019). “IFN:s forskningsprogram Globaliseringen och företagen 2009–2019”. In Magnus Henrekson (Ed.), IFN 1939–2019 – 80 år av ekonomisk forskning (29–48). Stockholm: Ekerlids Förlag.

01 January 2013 Economides, Nicholas and Joacim Tåg (2013). “Network Neutrality and Network Management Regulation: Quality of Service, Price Discrimination, and Exclusive Contracts”. In Ian Brown (Ed.), Research Handbook on Governance of the Internet (121–142). Cheltenham, UK / Northampton, MA: Edward Elgar.

01 January 2012 Tåg, Joacim (2012). “The Real Effects of Private Equity Buyouts”. In Douglas Cumming (Ed.), The Oxford Handbook of Private Equity (271–299). New York: Oxford University Press.

Working Papers

27 August 2024 Hellmann, Thomas, Alexander Montag and Joacim Tåg (2024). “Tolerating Losses for Growth: J-Curves in Venture Capital Investing”. IFN Working Paper No. 1500. Stockholm: Research Institute of Industrial Economics (IFN).

11 October 2023 Olsson, Martin and Joacim Tåg (2023). “From Wall Street to Work Floor: How Private Equity Buyouts Affect Workers”. IFN Working Paper No. 1475. Stockholm: Research Institute of Industrial Economics (IFN).

05 April 2023 Gardberg, Malin, Fredrik Heyman and Joacim Tåg (2023). “Importing Automation and Wage Inequality through Foreign Acquisitions ”. IFN Working Paper No. 1457. Stockholm: Research Institute of Industrial Economics (IFN).

18 November 2022 Norbäck, Pehr-Johan , Lars Persson and Joacim Tåg (2022). “Risky Business: Venture Capital, Pivoting and Scaling”. IFN Working Paper No. 1444. Stockholm: Research Institute of Industrial Economics (IFN).

12 August 2022 Keloharju, Matti, Samuli Knüpfer, Dagmar Müller and Joacim Tåg (2022). “PhD Studies Hurt Mental Health, But Less than Previously Feared”. IFN Working Paper No. 1435. Stockholm: Research Institute of Industrial Economics (IFN).

01 April 2022 Coraggio, Luca, Marco Pagano, Annalisa Scognamiglio and Joacim Tåg (2022). “JAQ of All Trades: Job Mismatch, Firm Productivity and Managerial Quality”. IFN Working Paper No. 1427. Stockholm: Research Institute of Industrial Economics (IFN).

25 March 2020 Keloharju, Matti, Samuli Knüpfer and Joacim Tåg (2020). “CEO Health”. IFN Working Paper No. 1326. Stockholm: Research Institute of Industrial Economics (IFN).

28 June 2019 Koptyug, Nikita, Lars Persson and Joacim Tåg (2019). “Should We Worry about the Decline of the Public Corporation? A Brief Survey of the Economics and External Effects of the Stock Market”. IFN Working Paper No. 1298. Stockholm: Research Institute of Industrial Economics (IFN).

12 May 2019 Hellmann, Thomas, Alexander Montag and Joacim Tåg (2019). “Foreign Investors and Domestic Company Growth: Evidence from US Venture Capital Investments in Sweden”. IFN Working Paper No. 1272. Stockholm: Research Institute of Industrial Economics (IFN).

13 September 2018 Olsson, Martin and Joacim Tåg (2018). “Are Foreign Private Equity Buyouts Bad for Workers?”. IFN Working Paper No. 1230. Stockholm: Research Institute of Industrial Economics (IFN).

05 March 2018 Olsson, Martin and Joacim Tåg (2018). “What is the Cost of Privatization for Workers?”. IFN Working Paper No. 1201. Stockholm: Research Institute of Industrial Economics (IFN).

06 February 2018 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2018). “Threatening to Buy: Private Equity Buyouts and Antitrust Policy”. IFN Working Paper No. 1199. Stockholm: Research Institute of Industrial Economics (IFN).

19 January 2018 Colonnelli, Emanuele, Joacim Tåg, Michael Webb and Stefanie Wolter (2018). “A Cross-Country Comparison of Dynamics in the Large Firm Wage Premium”. IFN Working Paper No. 1196. Stockholm: Research Institute of Industrial Economics (IFN).

04 March 2016 Ljungqvist, Alexander, Lars Persson and Joacim Tåg (2016). “The Incredible Shrinking Stock Market: On the Political Economy Consequences of Excessive Delistings”. IFN Working Paper No. 1115. Stockholm: Research Institute of Industrial Economics (IFN).

18 February 2016 Keloharju, Matti, Samuli Knüpfer and Joacim Tåg (2016). “What Prevents Women from Reaching the Top?”. IFN Working Paper No. 1111. Stockholm: Research Institute of Industrial Economics (IFN).

17 April 2015 Olsson, Martin and Joacim Tåg (2015). “Private Equity, Layoffs, and Job Polarization”. IFN Working Paper No. 1068. Stockholm: Research Institute of Industrial Economics (IFN).

06 March 2015 Åstebro, Thomas and Joacim Tåg (2015). “Jobs Incorporated: Incorporation Status and Job Creation”. IFN Working Paper No. 1059. Stockholm: Research Institute of Industrial Economics (IFN).

28 January 2015 Baziki, Selva, Pehr-Johan Norbäck, Lars Persson and Joacim Tåg (2015). “Cross-Border Acquisitions and Restructuring: Multinational Enterprises and Private Equity Firms”. IFN Working Paper No. 1057. Stockholm: Research Institute of Industrial Economics (IFN).

12 February 2014 Tangerås, Thomas and Joacim Tåg (2014). “International Network Competition”. IFN Working Paper No. 1005. Stockholm: Research Institute of Industrial Economics (IFN).

06 August 2013 Rider, Christopher I., Peter Thompson, Aleksandra Kacperczyk and Joacim Tåg (2013). “Experience and Entrepreneurship: A Career Transition Perspective”. IFN Working Paper No. 970. Stockholm: Research Institute of Industrial Economics (IFN).

19 March 2013 Tåg, Joacim (2013). “Production Hierarchies in Sweden”. IFN Working Paper No. 963. Stockholm: Research Institute of Industrial Economics (IFN).

13 February 2013 Tåg, Joacim, Thomas Åstebro and Peter Thompson (2013). “Hierarchies and Entrepreneurship ”. IFN Working Paper No. 954. Stockholm: Research Institute of Industrial Economics (IFN).

26 March 2012 Olsson, Martin and Joacim Tåg (2012). “Private Equity, Layoffs, and Job Polarization”. IFN Working Paper No. 906. Stockholm: Research Institute of Industrial Economics (IFN).

03 January 2012 Lerner, Josh and Joacim Tåg (2012). “Institutions and Venture Capital”. IFN Working Paper No. 897. Stockholm: Research Institute of Industrial Economics (IFN).

05 December 2011 Economides, Nicholas and Joacim Tåg (2011). “Network Neutrality and Network Management Regulation: Quality of Service, Price Discrimination, and Exclusive Contracts”. IFN Working Paper No. 890. Stockholm: Research Institute of Industrial Economics (IFN).

06 April 2011 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2011). “Acquisitions, Entry and Innovation in Oligopolistic Network Industries”. IFN Working Paper No. 867. Stockholm: Research Institute of Industrial Economics (IFN).

09 September 2010 Tåg, Joacim (2010). “The Real Effects of Private Equity Buyouts”. IFN Working Paper No. 851. Stockholm: Research Institute of Industrial Economics (IFN).

11 June 2010 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2010). “Does the Debt Tax Shield Distort Ownership Efficiency?”. IFN Working Paper No. 841. Stockholm: Research Institute of Industrial Economics (IFN).

02 January 2010 Norbäck, Pehr-Johan, Lars Persson and Joacim Tåg (2010). “Buying to Sell: A Theory of Buyouts”. IFN Working Paper No. 817. Stockholm: Research Institute of Industrial Economics (IFN).

13 February 2009 Tåg, Joacim (2009). “Paying to Remove Advertisements”. IFN Working Paper No. 789. Stockholm: Research Institute of Industrial Economics (IFN).

28 April 2008 Tåg, Joacim (2008). “Efficiency and the Provision of Open Platforms”. IFN Working Paper No. 748. Stockholm: Research Institute of Industrial Economics (IFN).

23 April 2008 Tåg, Joacim (2008). “Open Versus Closed Platforms”. IFN Working Paper No. 747. Stockholm: Research Institute of Industrial Economics (IFN).

15 January 2008 Economides, Nicholas and Joacim Tåg (2008). “Network Neutrality on the Internet: A Two-sided Market Analysis”. IFN Working Paper No. 727. Stockholm: Research Institute of Industrial Economics (IFN).

Articles in Swedish

25 September 2024 Gardberg, Malin , Fredrik Heyman, Martin Olsson and Joacim Tåg (2024). “Exponering mot generativ AI i Sverige – en kartläggning”. Ekonomisk Debatt 52(6), 17–32.

01 January 2017 Koptyug, Nikita, Lars Persson, Roger Svensson and Joacim Tåg (2017). “Aktiemarknadens betydelse för näringslivet och samhällsekonomin”. Ekonomisk Debatt 45(7), 6–17.

01 January 2017 Olsson, Martin and Joacim Tåg (2017). “Påverkar riskkapitalinvesteringar anställda och samhällsekonomin?”. Ekonomisk Debatt 45(8), 26–36.

01 January 2009 Tåg, Joacim (2009). ”Policies och regleringar i telekommunikations–, media– och teknologiindustrierna”. Ekonomiska Samfundets Tidskrift 62(2), 83–87.

Op-Eds

28 October 2024 Tåg, Joacim (2024). “Förbättra villkoren för snabbväxande bolag i EU”. Dagens Industri, October 28.

06 September 2024 Gardberg, Malin, Fredrik Heyman, Martin Olsson and Joacim Tåg (2024). “Så riskerar AI att öka klyftorna i samhället”. Dagens Industri, September 6.

24 April 2024 Bergh, Andreas, Henrik Hällerfors, Joacim Tåg and Thomas Åstebro (2024). “Regionala högskolor har fått fler att läsa vidare”. Dagens Samhälle, April 24.

16 January 2024 Hyytinen, Ari and Joacim Tåg (2024). “Suomalaisyritykset hyötyisivät yhteiseurooppalaisesta yhtiömuodosta”. Kauppalehti, January 16.

06 October 2023 Söderlund, Bengt and Joacim Tåg (2023). “Regeringen måste säkra linjer till Arlanda”. Svenska Dagbladet, October 6.

31 August 2023 Miettinen, Topi and Joacim Tåg (2023). “Perintövero ei ole välttämättä perheyritykselle pahasta”. HS Mielipide, August 31.

01 March 2022 Tåg, Joacim (2022). “Vi behöver fler utländska investerare”. Vaasa Insider, March 1.

16 January 2022 Tåg, Joacim (2022). “Sverige behöver en blockkedjestrategi”. Svenska Dagbladet, January 16.

12 July 2021 Tåg, Joacim (2021). “Så kan Österbotten attrahera fler internationella företag”. Vaasa Insider, July 12.

18 October 2018 Keloharju, Matti, Samuli Knüpfer and Joacim Tåg (2018). “Så når fler kvinnor toppen”. Dagens Industri, October 18.

12 July 2018 Tåg, Joacim (2018). “Så viktig är Teslas batterifabrik för Österbotten”. Vaasa Insider, July 12.

13 July 2012 Lerner, Josh and Joacim Tåg (2012). “Mer måste göras nu för framtida tillväxt”. Svenska Dagbladet, July 13.

23 November 2011 Jordahl, Henrik and Joacim Tåg (2011). “Riskkapitalbolag är bra ägare”. Svenska Dagbladet, November 23.

Popular Science

09 May 2022 Coraggio, Luca, Marco Pagano, Annalisa Scognamiglio and Joacim Tåg (2022). “The Matching Between Workers and Jobs Explains Productivity Differentials Across Firms”. VoxEU, CEPR Policy Portal, May 9.

01 January 2010 Persson, Lars and Joacim Tåg (2010). “Book Review - Antitrust and Regulation in the EU and US: Legal and Economic Perspectives”. Review of Antitrust and Regulation in the EU and US: Legal and Economic Perspectives, by François Lévêque and Howard Shelanski. Journal of Economic Literature 48(4), 1051–1053.

01 January 2009 Henrekson, Magnus and Joacim Tåg (2009). “UTSPEL: Henrekson & Tåg vill höja teveavgiften”. Arena (5), 16–17.

Reports

25 April 2024 Bergh, Andreas, Henrik Hällerfors, Joacim Tåg and Thomas Åstebro (2024). “Demokratisering och decentralisering av högskolan: En utvärdering av 1977 års svenska högskoleexpansion”. Stockholm: SNS.

01 January 2013 Tåg, Joacim (2013). “Riskkapital till entreprenörer: Vilken roll spelar finansmarknaderna, skattepolitiken och arbetsmarknadsregleringarna?”. In Pontus Braunerhjelm (Ed.), Swedish Economic Forum Report 2013: Institutioner och incitament för innovation (31–43).

Other Publications

24 May 2024 Gardberg, Malin, Fredrik Heyman, Martin Olsson and Joacim Tåg (2024). “Exponering mot generativ AI i Sverige – en kartläggning”.

31 May 2023 Tåg, Joacim (2023). “Hur mår din VD?”. Magasinet Hanken, p. 31.

19 October 2021 Tåg, Joacim (2021). “Forskningsprogrammet Globaliseringen och företagen: Slutredovisning avseende juli 2016–juni 2021”.

Dissertations

01 December 2008 Tåg, Joacim (2008). Essays on Platforms: Business Strategies, Regulation and Policy in Telecommunications, Media and Technology Industries. Doctoral Dissertation. Department of Economics, Hanken School of Economics, Helsinki.

IFN Newsletter

01 January 2015 Olsson, Martin and Joacim Tåg (2015). “Private Equity: Transformation or Tax Evasion?”. IFN Newsletter (1), 1–4.

01 August 2011 Tåg, Joacim (2011). “Utköpsbolagens roll i näringslivet”. IFN:s Nyhetsbrev (2), 1–5.