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PhD scholarship in Industrial Foundation Governance


Copenhagen Business School invites applications for a vacant PhD scholarship in Industrial Foundation Governance at the Center for Corporate Governance (CCG), which is an independent cross-disciplinary research center under the Department of Accounting.

CCG is one of the leading corporate governance centers in Europe. Our research and teaching activities focus on ownership structures (including industrial foundations, mutuals and owner-managed businesses), board work (including board structure and board leadership), and GRC (Governance, Risk and Compliance).

The project in Industrial Foundation Governance - is funded by the Novo Nordisk foundation - and will undertake research and teaching on industrial foundation governance at a high international level while promoting knowledge of the industrial foundation model outside of Denmark. "Industrial foundations" is an academic term for foundations that own companies. Other terms widely used are corporate foundations.

Typically, the foundations are charitable but they also play an important role as business owners or enterprise foundations. The structure is common in Northern Europe, particularly in Denmark, and poses special challenges and opportunities for corporate governance. For example, industrial foundations often aim to be responsible, long-term owners, but may be constrained by limited access to external finance.

Key areas of interest to industrial foundation governance can influence value creation, corporate responsibility, long-termism, active ownership, board roles and compensation policies. Most of these issues are of general concern to businesses around the world, but they play a special role in industrial foundations and foundation-owned companies.

Previous research in the area is summarized in the homepage of the center's research project on industrial foundations (www.tifp.dk) and on the new established homepage for the Novo Nordisk endowed chair in industrial foundations http://bit.do/novo-endowed-chair.


The ph.d. student is intended to contribute to the center’s ongoing research in industrial foundations (foundations that own companies, see www.tifp.dk) as well as other long-term ownership structures like family business, state-ownership or mutual/cooperatives. Familiarity industrial foundations is not required, but we seek a candidate with enthusiasm for high quality research (including A-level publications) and quantitative analysis. Team spirit and willingness to engage with business contacts cooperation are important secondary qualifications.

The position holder is expected to work with the endowed professor in industrial foundation governance to maintain and develop global research leadership, which involves data collection and data access, econometric and statistical analysis, participation in international conferences, seminars and workshops. In accordance with CBS research policy, the student is guaranteed freedom of research within the research area in question.

The Department will give priority to applicants with high grades from their universities and students with a strong quantitate skill base.

The three-year PhD programme at CBS allows you to conduct research under the supervision of CBS professors, supported by research training courses. The programme is highly international, and you are expected to participate in international research conferences and to spend time abroad as a visiting PhD student. See the CBS homepage for more information about the PhD programme, www.cbs.dk/en/research/phd-programme.  

CBS PhD graduates are held in high esteem not only in academia and research institutions but also in government and business where their research qualifications are increasingly demanded. One third of CBS PhD graduates go on to employment outside universities and public research institutions.

Copenhagen Business School has a broad commitment to the excellence, distinctiveness and relevance of its teaching and research programmes. Candidates who wish to join us should demonstrate enthusiasm for working in an organisation of this type (highlighting, for example, relevant business, educational and dissemination activities).

For further information please contact: Academic Leader of Center for Corporate Governance Steen Thomsen st.ccg@cbs.dk. More Information about the department and center is available at www.cbs.dk/en/research/departments-and-centres/department-of-accounting/center-corporate-governance.

Appointment and salary will be in accordance with the Ministry of Finance’s agreement with the Danish Central Academic Organisation.

General information:

A PhD scholarship runs for a period of 3 years, and includes teaching obligations equivalent of ½ year’s work (840 work hours). The scholarships are fully salaried positions, according to the national Danish collective agreement. The scholarship includes the tuition fees, office space, travel grants plus a salary, currently starting with per month app. DKK 26.886,93 up to DKK 32.470,63 depending on seniority, plus a pension contribution totalling 17,1 % of 85 per cent of the base salary.

The salary level and appointment is determined by the Ministry of Finance’s collective agreement with the Central Academic Organisation.

The PhD student will be enrolled at PhD School in Economics and Management.

To be considered, the candidate should have a basic training at the Masters level (similar to the 3 + 2 Bologna process). An educational background in the social sciences is necessary. The applicant must have successfully completed the Masters degree before commencing PhD at CBS. The applicants must be fluent in English. 

The application (see link below) must include a 5 page project description. This research proposal should contain a presentation of an original research question, a description of the initial theoretical framework and methodology, a presentation of the suggested empirical material as well as a work-plan.

In addition to the research proposal, the application must include copies of a Master’s degree certificate or other certificates of a corresponding level, brief curriculum vitae (CV), a list of papers and publications, and one copy of a selected written work (e.g. Master’s thesis). Applicants must enclose documentation for English language skills. Documentation of GRE and/or GMAT scores is strongly encouraged. For submitting GMAT scores, look up Copenhagen Business School in the GMAC register and choose the PhD Program.

Recruitment procedure

The Recruitment Committee expects to shortlist at least two-five applicants to be assessed by the Assessment Committee. All applicants will be notified of their status in the recruitment process shortly after the application deadline. 

Applicants selected for assessment will be notified about the composition of the Assessment Committee and later in the process about the result of the assessment.

Once the recruitment process is completed each applicant will be notified of the outcome of their application.

Please find guidelines and further information on scholarships and the Doctoral Programme at http://uk.cbs.dk/phd.

Application must be sent via the electronic recruitment system, using the link below.

Copenhagen Business School must receive all application material, including all appendices (see items above), by the application deadline which is the 1 September 2019.

Details about Copenhagen Business School and the department are available at www.cbs.dk.

Closing date: 1 September 2019.

Apply online


With some 20.422 full and part-time students, 644 full-time faculty members, 192 PhD and 724 administrative staff CBS is a unique business-oriented university with a full portfolio of Bachelor, Masters, MBA/EMBA, PhD and Executive programmes delivered in English and Danish. Our academic staff includes internationally-recognised experts in classical business disciplines as well as in philosophy, history, psychology, sociology, law, political science, information systems and culture.

The University welcomes applications from suitably qualified candidates regardless of age, gender, race, religion or ethnic background.



How to apply

1. Enter the vacant position you wish to apply for
Click on the link Apply online at the bottom of the page. You will then be directed to an external webpage which is the recruitment system.

2. Application form
Fill in the online form with your personal data and upload the relevant documentation (see guide to required documentation below).

3. Terms of use
At the bottom of the page you are asked to accept the fact that we register your data – if you agree put a check mark in the box and click send. You cannot apply without giving your consent. Personal information is automatically anonymised after six months.

4. After sending your application
You are now registered in the system and within 24 hours you will receive an e-mail confirming your application. In the e-mail you have the possibility of making sure that your application and attached documents are correct. If you do not receive an e-mail please contact HR Services, Tel.: +45 3815 2022. Once the deadline for applications has expired all submitted applications will be read and you will hear from us.


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