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Business, Economics and Public Policy (BEPP)

Business performance is determined not only by competitive forces within an industry but also by political, social, economic and technological factors that operate at local and global levels. Understanding the impact of these forces on firms can determine their ability to gain a competitive advantage through improved strategic planning on multiple dimensions.

The Business, Economics and Public Policy (BEPP) group consists of faculty who research business economics and public policy relevant to managers. BEPP faculty conduct research at the nexus of managerial economics, political economy and business strategy. Areas of research focus include regulation, energy and environment, stakeholder management, non-market strategy, political and regulatory risk, and emerging markets.

*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 strategy and economics journals, including the Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, AEJ: Applied Economics, Harvard Business Review, Journal of International Business Studies, Organization Science, Management Science 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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