| Research focus | Projects |

The organization and patterns of markets and industries are considered by the group as the starting point in the analysis of the economy. We focus on the activities of two players: the firms and the state formulating industrial and public policy. We research the underlying causes of changes in corporate governance, corporate finance, firm size (including mergers), boundaries of the firms (innovation, internal production, outsourcing). Our studies have both theoretical and empirical flavor and based on rigorous collection and examination of economic facts.