Photo of Hanna Almlöf

Hanna Almlöf

Associate Professor, Docent

Most companies are closely held, but in Sweden they must follow the same rules as companies with dispersed ownership. I study how company law better can match the needs of owner-managed or family owned firms. In my opinion – one size doesn't fit all.

Family firms, closely held companies and enterprise foundations

As a company law scholar, my research focus is on small and medium sized companies that are owner-managed or family-owned. I’m particularly interested in corporate governance and ownership issues. I combine this legal core with Regulation Theory and Economic analysis of Corporate law putting special attention to different regulation techniques. I often work in interdisciplinary teams. Another research interest is foundations that either run business themselves (directly) or by owning majority stake in companies (indirectly) - so-called enterprise foundations.

My teaching is concentrated to the Bachelor and Master programs in Commercial Law at Linköping University. I teach company law and supervise theses on both bachelor and master level.

Research Projects

Enterprise Foundations as long-term owners

A foundation is a particular form of legal entity that owns itself and govern an economic wealth to fulfil a long-term purpose. For that reason, foundations hold the potential to promote and uphold sustainable business activities for societal benefit. In this interdisciplinary research project, we study how foundations are used for direct, or indirect, control of family businesses and other locally rooted enterprises. Further we explore the roles of foundations in exercising active and responsible ownership. By combining law and business administration, we study the regulation of foundations, how foundations are governed and in turn exercise ownership control, how family businesses' long-term goals can be preserved through foundation formation and how foundations can contribute to socially sustainable development throughout Sweden.

The project is a collaboration between Linköping University, CeFEO — Centre for Family Entrepreneurship and Ownership at Jönköping International Business School and Lund University. It has received funding from The Kamprad Family Foundation for Entrepreneurship, Research & Charity and Jan Wallander & Tom Hedelius’ Foundation and Tore Browaldh’s Foundation.

Ownership Dynamics in Closely Held Companies

In the interdisciplinary research project Ownership Dynamics in Closely Held Companies – Causes, Effects and Regulation we study all types of partial ownership changes in clsely held companies and family firms. By focusing on this topic, we go beyond the limited aspects covered in current literature, namely: succession, buy-outs and business failure. We aim to deepen the understanding of what causes ownership changes (e.g. conflicts, death or sales), who acquires the shares (e.g. current owners, family members or external parties), and how this affects business performance. We also study if and how owners take advantage of legal instrument to regulate future ownership change and the market for legal advice to family businesses and their owners on these topics.

The project is a collaboration between Linköping University and CeFEO — Centre for Family Entrepreneurship and Ownership  at Jönköping International Business School. It has recieved funding from  
Jan Wallander & Tom Hedelius’ Foundation and Tore Browaldh’s Foundation.



Hanna Almlöf, Katarina Olsson (2024) Något om stiftelsestyrning: kan stiftelser lära av aktiebolag? Festskrift till Per Samuelsson, p. 33-63
Kajsa Haag, Hanna Almlöf (2024) Divorce Elgar Encyclopedia of Family Business, p. 125-128 Continue to DOI
Hanna Almlöf, Jessica Östberg (2024) Om rättsmissbruk i aktiebolagsrätten: Särskilt om minoritetsmissbruk Svensk Juristtidning

More about Hanna


  • 2023 Docent in Commercial and Business Law at the Department of Management and Engineering, Commercial and Business Law division, Linköping University, Sweden.
  • 2018 Senior Lecturer in Commercial Law /Company Law at Department of Management and Engineering, Commercial and Business Law division, Linköping University, Sweden.
  • 2016 Post doctor at Department of Management and Engineering, Commercial and Business Law division, Linköping University, Sweden. 
  • 2014 LL.D. PhD in Commercial law from Jönköping International Business School, Jönköping, Sweden 

Fellow researcher 


CeFEO is a genuinely interdisciplinary and international center for research and disseminate knowledge on different family businesses and ownership topics. CeFEO is ranked No. 1 in Europe and 3rd in the world in the field of family business research.
Center for Family Enterprise and Ownership, CeFEO, Jönköping International Business School

The Ratio Institute

The Ratio Institute is an independent research institute based in Stockholm, Sweden, with research focus on how conditions for enterprise can be improved.
The Ratio Institute


  • Member of the Research Division for Corporate Law and Securities Law, Stockholm Center for Commercial Law (SCCL)
  • Member of the steering group for the Nordic company law network (Nordisk selskapsrettsnettverk)
  • Enterprise Foundation Research Network
  • Member of the Advisory Committee of the ELI project on Enterprise Foundations in Europe


Current teaching activities

  • Law of Associations - Associationsrätt, 15 ECTS, (702G15) Course responsible, teacher and examiner.
  • Bachelor Thesis in Commercial law, 15 ECTS, (702G27) Course responsible and supervisor. 
  • Master Thesis in Commercial law 30 ECTS (747A28) Supervisor