The third report within the Swedish Capital Market Review project has now been published – The Swedish Equity Market: Institutional Frameworks and Trends. The report provides a comprehensive empirical overview of the Swedish equity market landscape and presents an initial assessment of the elements that have shaped its development. This assessment, based on original data and in-depth interviews with market participants, is presented in Chapter 1 and identifies six underlying drivers:
- a widespread equity culture strengthened by active government policies;
- a substantial domestic institutional investor base, notably a large asset-backed pension system;
- policy efforts to promote household investment through both fiscal and non-fiscal incentives;
- a well-functioning market infrastructure and funding ladder; a flexible regulatory structure;
- active ownership engagement,
- a corporate governance model that focuses heavily on shareholder control and which is linked to the active ownership engagement.
The report was presented at a seminar on 29 April, 2025. The keynote speakers were Serdar Çelik, Head of Capital Markets and Financial Institutions, and Carl Magnus Magnusson, Senior Economist, both at the OECD. The conclusions of the report were also discussed by a panel, moderated by Rolf Skog, Director at the Swedish Corporate Governance Institute.
The report can be downloaded here.
SCGI 