Swedish House of Finance

What Swedish House of Finance does

Swedish House of Finance (SHoF) is Sweden's national center for financial research, established in 2011 in the aftermath of the global financial crisis and hosted at Stockholm School of Economics (SSE) in Stockholm. The institution operates as an independent platform connecting academic researchers, policymakers, financial industry practitioners, and students through research publications, working papers distributed via SSRN, conferences, weekly Friday seminars, Industry Seminars, podcasts (Finance Unpacked, Central Questions), newsletters, data visualizations, and the National PhD Program. SHoF's flagship technical asset is its National Research Data Center, which maintains and distributes an extensive portfolio of proprietary Nordic financial databases: SHoF Fund Data Morningstar (covering 9,000+ Nordic investment funds with performance history back to 1970), FinBas (Nordic end-of-day stock data, corporate actions, and fundamentals), NASDAQ HFT (nanosecond-granularity high-frequency trade data from NASDAQ OMX Nordic), Serrano (Swedish private firm financials from Bolagsverket), Nordic Compass (ESG data on Nordic listed companies), PAtLink (patent-trademark matching), Fama French Factors for Sweden, and Historical Archives including Stockholm Stock Exchange annual reports from 1912 to 1978.

SHoF does not operate a commercial revenue model. Most datasets are available at no charge to academic researchers after email confirmation or via SWAMID federation authentication; Morningstar Direct access is reserved for SSE Department of Finance faculty and PhD students. The institution is funded primarily through research grants and foundation support, notably the Jan Wallander's and Tom Hedelius' Foundation. Its product surface spans data infrastructure, knowledge dissemination (conferences, seminars, podcasts), talent development (National PhD Program, PhD Visitor Program, mini courses), and policy-oriented research output across corporate finance, household finance, and environmental finance.

The institution's strategic focus as of 2026 is on deepening its role as a Nordic hub for private capital markets research (Annual Conference 2026 theme) and sustainable finance (via the Mistra Financial Systems partnership and Nordic Compass ESG database), under new Director Paolo Sodini following Bo Becker's transition. Research outputs are publicly documented—for example, studies finding that pollution taxes are associated with 13%–14% increases in R&D spending among high-emission firms, and that carbon pricing accounted for at least a third of Sweden's emissions reductions between 1991 and 2015.

Name

Swedish House of Finance

Legal name

Swedish House of Finance

Website

https://houseoffinance.se

Company type

Private

Founded year

2011

Operating status

Operating

Short description

Swedish House of Finance is Sweden's national center for financial research, founded in 2011 and hosted at Stockholm School of Economics. It operates a Research Data Center with proprietary Nordic financial databases serving academic researchers, policymakers, and financial practitioners through publications, conferences, and the National PhD Program.

Ownership category

akta.pro rank

Product category

Financial Research Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYBPAHALAE

Industry & Sector Research (Syndicated/Custom)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Research, Analytics & Expert Services

Keywords

• Financial research center
• Academic finance research
• Financial market databases
• PhD finance program
• Nordic financial data

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Research Grants and Foundation Funding: SHoF receives financial support from foundations such as the Jan Wallander's and Tom Hedelius' Foundation, which funds conferences and research activities.
2. Data Access Services: Some datasets are available publicly after email confirmation, while others are distributed to academics requiring login through SWAMID federation (Swedish academic identity provider). Access to Morningstar Direct is reserved for faculty, visiting faculty from HHS, and PhD students of the Department of Finance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Swedish House of Finance operates a National Research Data Center that maintains and distributes proprietary financial databases for academic and research use, and convenes the financial research community through seminars, conferences, and a National PhD Program hosted at Stockholm School of Economics. Its datasets cover Nordic investment funds, stock prices, high-frequency trades, ESG data, private-firm financials, patent linkages, and historical archives.

Product overview

The Swedish House of Finance is Sweden's national center for financial research, operating as a platform that connects academia, policymakers, practitioners, and the broader public. The organization offers access to multiple specialized financial databases through its Research Data Center, including the Fund Data Morningstar (covering 9,000+ Nordic investment funds), FinBas (Nordic stock prices and fundamentals), Serrano (Swedish company financials), NASDAQ HFT (high-frequency trading data), Nordic Compass (ESG data), PAtLink (patent-trademark matching), Fama French Factors, and Historical Archives. The institution also runs the National PhD Program, hosts academic and industry seminars, and organizes annual conferences for knowledge dissemination.

Differentiator

Problem solved

Functional benefit

Products and services

• SHoF Fund Data Morningstar Detailed historical data of more than 9,000 investment funds available for sale in Nordic countries (Sweden, Norway, Denmark, Finland), including open-end mutual funds, ETFs, hedge funds, money market funds, and closed-end funds, with fund performance data dating back to 1970. Created based on Morningstar fund data and accessed via Morningstar Direct for faculty, visiting faculty, and PhD students of the Department of Finance at SSE.
• FinBas High quality financial database containing daily end-of-day stock price data, corporate actions and fundamentals from Nordic Stock Exchanges, MTFs and OTC markets. Distributed to academics requiring login through the SWAMID federation.
• NASDAQ HFT High frequency trading data from NASDAQ OMX Nordic, replaying market days for all Nordic markets at nanosecond granularity. Includes Reconstructed Order Book and Nordic Market Quality datasets, with 2010-2019 fully available.
• Nordic Compass ESG Database ESG data on publicly traded Nordic companies. Data is collected from company reporting and disclosures, and structured and harmonized in-house from annual reports, sustainability reports, or company webpages.
• Serrano Database Financial history database on the company level for Swedish private firms, based on financial statement data from the Swedish Companies Registration Office (Bolagsverket). Includes geographic history.
• PAtLink Comprehensive matching file between patent and trademark information and organization information, linking unique patents to organizations. Distributed free of charge to researchers.
• Fama French Factors Fama and French factors calculated for the Swedish market, distributed to academic researchers.
• Historical Archives Historical financial archives including annual reports for companies listed at Stockholm Stock Exchange during 1912 to 1978 (PDF format), stocks list archive, Affärsvärlden archive, and Owners and Power historical data.
• National PhD Program A national doctoral training program in finance comprising the PhD Visitor Program, National PhD Workshops, Mini Courses, Core Courses, and access to Job Market Candidates and PhD Placements listings for doctoral students.
• SHoF Annual Conference Annual conference bringing together leading academics, investors, business leaders, and policymakers, with keynote presentations and panel discussions on topics in finance.

Quantifiable outcome

• Higher pollution taxes associated with 13%–14% increase in average R&D spending among high-pollution firms
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• NASDAQ OMX NordiccoreTechnology or IntegrationProvides special binary files at the end of every market day containing high-frequency trading data for all Nordic markets at nanosecond granularity. SHoF analyzes and augments this data to offer different market perspectives.
• MorningstarcoreTechnology or IntegrationSHoF Fund Data is created based on fund data from Morningstar. Contains detailed historical data of more than 9,000 investment funds available in Nordic countries. Access is provided to students, researchers and staff whose university has Morningstar Direct subscription.
• Swedish Companies Registration Office (Bolagsverket)coreTechnology or IntegrationSource of financial statement data for the Serrano Database, which provides financial history on Swedish private firms at the company level.
• European Patent Office (PATSTAT)supportingTechnology or IntegrationProvides global patent records used in research on pollution taxes and R&D investment, combined with OECD pollution tax data and firm-level R&D spending from Compustat.
• Stockholm School of Economics (SSE)coreStrategic or Co-development PartnerSHoF is hosted at Stockholm School of Economics and is closely affiliated with the Department of Finance. Many researchers hold positions at both institutions. SSE provides infrastructure and academic framework.
• Mistra Financial Systems (MFS)supportingStrategic or Co-development PartnerGustav Martinsson serves as Project Manager of the Governance research group at Mistra Financial Systems, enabling collaboration on sustainable finance research.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Leibniz Institute for Financial Research SAFE: SAFE is a Frankfurt-based non-profit research institute dedicated to financial research, hosting resident researchers, conducting policy-relevant studies, and maintaining research data programs. Like SHoF it focuses on financial economics research with policy and practitioner outreach, but is Germany-centric.
• National Bureau of Economic Research (NBER): The NBER is a US-based private non-profit economic research organization operating working paper series, conferences, and proprietary data programs. Like SHoF it is a national-scale research platform serving academics, policymakers, and practitioners, but with a US focus and broader economics remit.
• Institute for International Economic Studies (IIES): IIES at Stockholm University is a leading Swedish economics research institute conducting theoretical and empirical research and hosting international researchers. Like SHoF it is a Stockholm-based academic economics research hub, but university-hosted rather than a national center mandate.
• Centre for Economic Policy Research (CEPR): CEPR is a European-based network of academic economists producing research, working papers, and policy engagement across finance and macroeconomics. Like SHoF it operates as a hub connecting researchers, policymakers, and practitioners through conferences and publications, but pan-European in scope.
• Research Institute of Industrial Economics (IFN): IFN is a Swedish non-profit research institute focused on industrial economics, corporate finance, and policy-relevant economic research. Like SHoF it is a Sweden-based independent research institution connecting academia and policy, but with a broader industrial-economics scope.
• Mistra Financial Systems: Mistra Financial Systems is a Swedish research program on sustainable finance that collaborates directly with SHoF (Gustav Martinsson serves in both organizations). Like SHoF it operates Swedish financial research with academic and policy engagement, but with a narrower sustainable-finance focus.

Regional players

• Norwegian School of Economics (NHH): NHH is Norway's premier business school with active finance and economics research and industry partnerships. Like SHoF it serves as a Nordic hub for finance research and policy engagement, but is a university with degree programs rather than a standalone research center.
• Copenhagen Business School (CBS): CBS is a leading Nordic business school with active finance research, PhD programs, and practitioner conferences. Like SHoF it operates within the Nordic business-school ecosystem serving faculty and finance researchers, but Denmark-based and university rather than a national research center.

Broad incumbents

• Wharton Financial Institutions Center: The Wharton Financial Institutions Center at the University of Pennsylvania conducts research on financial markets, institutions, and policy with academic and practitioner outreach. Like SHoF it is a finance research center operating within a top business school, but US-anchored and broader in scope.
• European Central Bank Research: The ECB conducts macroeconomic and financial research, hosts visiting scholars, and disseminates working papers and data through its research portal. Like SHoF it is a research body producing rigorous financial research for policy and academic audiences, but operates at the supranational central-bank level.

Market position

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/swedish-house-of-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Swedish House of Finance