Objective
Research objectives and content
Efficient financial decisions and product-market decisions both are of vital importance for companies. Considerable progress has been made in understanding optimal financial and product market decisions as separate entities. However, interactions between financial constraints, financial contracts and real activity are still badly understood - despite its importance for policy, regulation and business strategy. Financial constraints are crucial in determining entry, firm survival and exit patterns. Similarly, market structure and business prospects have an important impact on a firm's financial structure.
During my stay at ULB and ECARE in Brussels, and building on my recent work at Universitat Autonoma de Barcelona, I want to analyse these interactions and derive implications for regulatory policy and business strategy. Specifically, I want to analyse the following issues, explained in detail in the research proposal:
- optimal financial contracts, market behaviour and structure under asset specificities;
- the impact of financial intermediaries on real activities and market structure, and implications for the regulation of bank activities; - the optimal regulation of financially constrained firms;
- optimal financial structures of regulated firms.
Training content (objective, benefit and expected impact)
Through my research stay at ULB and ECARE under the supervision of Mathias Dewatripont, I hope to be able to contribute to a deeper understanding of the issues outlined above and explained in detail in the research proposal. ULB and ECARE have one of the strongest European research groups in financial economics and industrial organization, which made important contributions to both fields. The stay at ULB and ECARE is therefore very important for the progress of my PhD thesis.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
1050 BRUXELLES
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.