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.

The Foundation is pleased to award the first annual 2020 EAC Thesis Prize to students Sebastian Behn Hansen and Eske Gerup of Copenhagen Business School for their outstanding Bachelor thesis, entitled “The effect of outsourcing on firm market value – A perspective from a small nation”.

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.

This year’s winners, Sebastian Behn Hansen (BSc IB) and Eske Gerup (BSc Shipping), examine the relationship between outsourcing and firm market value (measured through stock performance) of Danish firms who announce their intent to outsource to China. It was chosen by the Thesis Award Committee comprising representatives from CBS and the EAC Foundation’s board on the basis of its academic quality, its relevance for practical application – especially for Danish enterprises seeking business endeavours in Asia – as well as for providing a new angle and insight.

Six other thesis projects were also nominated for the Prize by the leaders of the involved CBS programmes.

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.”

An awards ceremony and reception will be held on 17 September at Asia House, Indiakaj 16, Copenhagen 2100, to acknowledge the winners as well as the runners up for their outstanding accomplishment. The event will be broadcast live on Thursday, 17 September at 16:20 on this link.