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Business, Economics and Public Policy (BEPP)

BEPP faculty are known for their research on the interface between firms and public policy. We welcome applications from exceptional prospective PhD students interested in this broad field. Under close supervision of the faculty, PhD students are expected to develop an independent research stream in one or more areas of BEPP faculty expertise.

In general, the research of BEPP faculty touches on several major themes, including regulation, non-market strategy, energy and environmental issues, innovation and industrial evolution, and emerging economies. Much of BEPP research is focused on understanding (both directly and indirectly) how firms can gain a competitive advantage in the context of important political, social, and economic factors. Faculty use a range of econometric techniques and data sources to study these questions, and draw on both economic and strategic management theories.

The BEPP group is committed to developing strong researchers who will succeed in academic careers at research-oriented universities.

The following are examples of ongoing work being conducted by BEPP faculty:

  • Exploring how firms build competitive advantage and modern industries develop, especially in weak institutional environments.
  • Studying how corporations and other interest groups influence public policy through information-based channels like lobbying.
  • Assessing how regulations and policy shape firm decisions, and determining what this means for firm outcomes.
  • Studying the links between firm- and industry-dynamics and environmental quality.
  • Exploring energy markets in Canada and abroad.
  • Investigating the formal relationships between firms and external stakeholders such as Indigenous communities.

We encourage applications from students interested in gaining a deeper background in both economics and strategic management, and building strong econometric skills. Some prior education in economics is beneficial.

BEPP group faculty are active in Ivey’s research Centres and Institutes, including the Ivey Energy Policy and Management Centre and the Lawrence National Centre for Policy and Management.

*Please note that BEPP is a stream under General Management

Areas of Research Focus

  • Regulation
  • Energy and environment
  • Stakeholder management
  • Non-market strategy
  • Political and regulatory risk
  • Emerging markets

 

BEPP Student Profile

Kartik Rao

PhD Candidate

Current works in progress:

“Nonmarket Strategies of Market Rivals: Theory and Evidence from the Ridesharing and Taxi Industry” (with Guy Holburn and Davin Raiha)

  • Presented at: Strategic Management Society Annual Conference, Minneapolis, 2019
    *Nominated: SMS Best Conference Paper Prize (2019)

“The impact of government intervention on Chrysler and General Motors: Synthetic control estimates of firm performance during the bailout period” (with Adam Fremeth and Guy Holburn)

  • Presented at: Strategic Management Society Annual Conference, Paris, 2018
  • Presented at: Industry Studies Association Annual Conference, Nashville, 2019

“ Firm settlements with Stakeholders in the Nonmarket environment” (with Guy Holburn and Adam Fremeth)

“Coordinated Nonmarket Strategies of Market Rivals: Evidence from the Tobacco Industry” (with Brandon Schaufele)Read more


Faculty Advisor(s):

Faculty research is regularly published in the top management and social sciences journals, including the Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, AEJ: Applied Economics, American Journal of Political Science, American Sociological Review, Annual Review of Sociology, Journal of International Business Studies, Journal of Politics, Organization Science, Management Science, Review of Economics & Statistics, and Strategic Management Journal.

 

Post-graduate Opportunities

The doctoral program in BEPP is designed for those interested in pursuing academic careers in top business schools, either within Strategy or Business Economics departments. The program integrates core areas of study in economics, including industrial organization, managerial economics and political economy, with study in management fields.

Discipline Coordinator

Romel Mostafa

Romel Mostafa joined the Business, Economics, and Public Policy group in July 2011. Prior to coming to the Western University, he was a Visiting Assistant Professor of Strategy at Olin Business School, Washington University in St. Louis. He received his Ph.D. in Strategy, Entrepreneurship & Technological Change from Carnegie Mellon University.

Professor Mostafa's primary area of research investigates the mechanisms that foster birth and growth of competitive industries. A recipient of Kauffman Dissertation Fellowship, Mostafa focuses on the processes by which entrants build their new-firm capabilities, the channels that allow valuable knowledge to diffuse across firm boundaries, and the impact of institutional environments and their changes on entrepreneurial activities. His secondary area of research explores how behavioural biases affect financial decision making. His published and on-going research has been featured in various international media, including the BusinessWeek and the National Public Radio.

A native of Bangladesh, Professor Mostafa enjoys various sports (cricket and soccer, above all) and music (especially 60's and 70's Bengali and English music), and loves cooking and travelling.

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