Welcome to Richard Friberg's homepage

I am the Jacob Wallenberg Professor at the Stockholm School of Economics. My research focuses on imperfectly competitive markets (Industrial Organization) with an emphasis on investigating responses by firms to uncertainty and various risks, in particular exchange rate risk. I teach microeconomics at the undergraduate level and Industrial Organization at the PhD level. A CV is available here.

My book "Managing Risk and Uncertainty" is especially close to my heart. It targets master students, MBAs or advanced bachelor level students in courses on risk management. Such courses typically rely on text books where the focus is squarely on financial means to deal with risk. To cover broader aspects of risk management teachers rely on case studies and professional lore. By synthesizing insights from several different fields the book aims to be a useful complement to a textbook in finance. It aims to be engaging and useful also to decision makers in firms. 

Much of my work is available for downloading here.

Some representative publications:

"The law of one price in Scandinavian duty-free stores", 2001, American Economic Review 91, 1072-1083 with M. Asplund.

"Exchange rate exposure in differentiated product industries: A simulation approach", 2007, Journal of Finance LXIIM, 2475-2502, with M. Ganslandt.

"The currency denomination of exports - A questionnaire study", 2008, Journal of International Economics 75, 54-69, with F. Wilander.

"Divestiture Requirements as a Tool for Competition Policy: A Case from the Swedish Beer Market", 2015, International Journal of Industrial Organization 42, 1-18 (lead article) with André Romahn.

"Three approaches to risk management— and how and why Swedish companies use them”, 2016, Journal of Applied Corporate Finance 28, 86-95 with N. Amberg.

"The contribution of firm-level shocks to aggregate fluctuations: The case of Sweden." 2016, Economics Letters 147, 8-11 with M. Sanctuary

"Risk and ambiguity in 10-Ks: An examination of cash holding and derivatives use", forthcoming, Journal of Corporate Finance, with T. Seiler.

"The Effect of Retail Distribution on Sales of Alcoholic Beverages", forthcoming, Marketing Science, with M. Sanctuary. 

For contact details, please see my homepage at SSE.

Last updated: June 2017.