On Friday 7 June 2024, D. Favoino will defend the doctoral thesis titled: ‘The Adaptation of Firms to Institutional Change‘.
- Promotor
- Co-promotor
- Date
- Friday 7 Jun 2024, 10:30 - 12:00
- Type
- PhD defence
- Space
- Senate Hall
- Building
- Erasmus Building
- Location
- Campus Woudestein
Brief summary of the doctoral thesis:
In societies, individuals establish institutions to shape their economic, social and political interactions. In the context of economic interactions, a robust body of empirical literature supports the claim that both firm and broader market outcomes are significantly influenced by institutions. This dissertation explores the implications of institutional change on firm decisions. As the rules of the game undergo transformation, firms need to adapt their strategies to the new rules. Depending on the kind of institutional shock hitting them, firms may respond in diverse ways, such as entering or exiting a specific industry, altering the composition of their asset portfolio, or revising the organization of their production. The study of these phenomena constitutes a relevant matter, as the adaptation processes of individual firms have the potential to shape aggregate economic outcomes.
- More information
The public defence will begin exactly at 10.30 hrs. The doors will be closed once the public defence starts, latecomers may be able to watch on the screen outside. There is no possibility of entrance during the first part of the ceremony. Due to the solemn nature of the ceremony, children under the age of 6 are not allowed during the first part of the ceremony.
