Dr. Herman van den Berg

Herman A. van den Berg

Professor Emeritus

Academic Qualifications: 

Dr. Herman A. van den Berg is Professor Emeritus in the Faculty of Business Administration at  Lakehead University. His main research interest is in the managerial implications emerging out of distributed ledger (blockchain) technology. He holds a Ph.D. from the University of Toronto and is a graduate with distinction of York University’s M.B.A. program. He also graduated with high distinction from Wilfrid Laurier University’s School of Business and Economics’ Honours B.B.A. program. Prior to joining Lakehead University, he served in successively more senior positions in the electrical utility, financial institution, and environmental services industries. He has also held public office serving as a Trustee on two separate school boards.

Date joined Lakehead: 
September, 2009
Previous Teaching/Work: 

Graduate Courses:
(For descriptions see the Business Administration Graduate Programs Information section in the Lakehead University Course Calendar.)

  • Strategy Project
  • Strategic Management
  • Managerial Finance
  • Managerial Economics
  • Information Policy (University of Toronto)

Undergradudate Courses:
(For descriptions see the 
Business Programs Information section in the Lakehead University Course Calendar.)

  • Investments
  • International Finance
  • Intermediate Finance
  • Introduction to Finance
  • Principles of Economics
  • Introduction to Quantitative Analysis
  • Introduction to the Business Environment
  • Management Policy
  • Economic Statistics
  • Informatie-Economie (Universiteit van Amsterdam)
  • Kennis en leren (Universiteit van Amsterdam)
  • Managerial Finance (Toronto Metropolitan University, Ontario Tech University)
  • Business Planning
  • Capital Budgeting
  • Strategic Management
Research Interests: 
Applying an Economic Calculus to Knowledge

In my research I draw upon the intersections between strategic management and finance. My work focuses on issues of valuation, especially of difficult to value, intangible, knowledge-based assets, with a goal of making explicit that which is often, because of difficulty of measurement, kept implicit.

What connects strategic management and finance for me is the observation that strategic decisions involve estimations of value and value is typically measured in financial terms. The main research question that guides my work is: how do we value that which has no apparent price?


"We are increasingly concerned… with knowledge as a factor of production, having costs and values that we must try to estimate in order to make correct decisions for the conduct of business...

We have discovered that applying an economic calculus to knowledge… is often, because of… intangibility… far more difficult than costing and valuing… production machinery.

Yet, whether we can make the measurements accurately or not, it is precisely these costs and values that determine the efficiency and profitability of our activities…"

- Simon HA. 1999. "The Many Shapes of Knowledge." Revue d'Économie Industrielle 88(2e trimestre): 34

Current Research
  • Managerial Implications of Emerging Distributed Ledger Technologies
  • Impact of Virtual Currency Ecosystems on Real World Economies
Research Sites