EAC Foundation targets young academics with new “EAC Thesis Prize”, awarding cash prize annually to selected student/s for outstanding Bachelor thesis with focus on Danish business ventures in Asia. 

The EAC Thesis Prize is part of the East Asiatic Foundation’s new Youth Strategy, designed to inspire and create relationships between the next generation of business people in Denmark and Asia, communicating awareness of the values ​​for good management, innovation, and entrepreneurship, which the East Asiatic Company (ØK) built on for over 100 years.

Kenneth Luciani, member of the Board of the EAC Foundation states: “Based on founder H.N. Andersen’s business philosophies, the East Asiatic Company built a special management and corporate culture, which positioned EAC as Denmark’s largest, most expansive and international company. The key values that were crucial to EAC’s success are being passed on by the EAC Foundation and Asia House Business in a new era where the Asian market represents a great potential for the Danish business community.”

The Thesis Prize specifically targets students in the International Business, International Business in Asia, and International Shipping & Trade programmes at CBS. The winners of the EAC Prize are awarded DKK 25,000 to further support their interest in Asia. Submissions are evaluated and the winner selected by the Thesis Award Committee comprised of representatives from CBS and the EAC Foundation’s board, based on academic quality, relevance for practical application – especially for Danish enterprises seeking business endeavours in Asia – as well as for providing a new angle and insight.

The EAC Foundation awarded the first annual 2020 EAC Thesis Prize to students Sebastian Behn Hansen (BSc IB) and Eske Gerup (BSc Shipping) of Copenhagen Business School for their outstanding bachelor thesis entitled, “The effect of outsourcing on firm market value – A perspective from a small nation”. In their thesis the two bachelor students examine the relationship between outsourcing and firm market value (measured through stock performance) of Danish firms who announce their intent to outsource to China.

An awards ceremony and reception were held on 17 September 2020, at Asia House at Indiakaj 16, Copenhagen 2100, to acknowledge the winners as well as the six runners up for their outstanding accomplishment. The event was broadcast live via this link.