Associate Professor Emeritus
MSc (Econ), Aarhus University, 1978

Member of the Economics Section
Research Secretary: Malene Vindfeldt Skals

Research Interests

• Industrial Economics
• Merger and Aquisitions
• Innovation and Performance
• Globalization of Brewing

Teaching Interests

• Micro and Macro Economics
• International Economics
• Industrial Economics
• Development Economics

Selected Publications

• Madsen, E S 2020, ‘Branding and Consolidation in the Global Beer Market’. In New developments in the brewing industry: The role of institutions and ownership, red. Erik Strøjer Madsen; Jens Gammelgaard; Bersant Hobdari. Oxford Univesity Press, pp.192-215.
• Madsen, ES & Wu, Y 2016, 'Low R&D Efficiency in Large Pharmaceutical Companies' American Journal of Medical Research, vol. 3, no. 2, pp.141-151.
• Madsen, ES & Wu, Y 2016, Marketing and Globalization of the Brewing Industry. in I Cabras, D Higgins & D Preece (eds), Brewing, Beer and Pubs: A Global Perspective. Palgrave Macmillan, pp. 34-53. DOI: 10.1057/9781137466181_3
• Madsen, ES & Hartington, SP 2015, 'Disruptive Technologies and Networking in Telecom Industries' Journal of Global Economics, vol. 3, no. 4, pp. 2-8.
• Pedersen, K, Madsen, ES & Lund-Thomsen, L 2013, How mergers and acquisitions restructured the international brewery industry 2000-10 - and why. in J Gammelgaard & C Dörrenbächer (eds), The Global Brewery Industry: Markets, Strategies and Rivalries. Edward Elgar Publishing, Cheltenham, New Horizons in International Business, pp. 21-47.
• Bentzen, J, Madsen, ES & Smith, V 2012, 'Do firms' growth rates depend on firm size?' Small Business Economics, vol. 39, no. 4, pp. 937-947
• Madsen, ES, Smith, V & Dilling-Hansen, M 2006, 'Why have some firms several owners?' Journal of Corporate Governance.
• Nielsen, JU-M, Pedersen, K & Madsen, ES 2005, Økonomisk Teori: I Internationalt Perspektiv. 6. edn, Djøf Forlag, København.
• Hansen, JD, Jensen, C & Madsen, ES 2003, 'The Establishment of the Danish Windmill Industry - Was It Worthwhile?' Review of World Economics, vol. 139, no. 2, pp. 324-347.
• Nielsen, JU-M, Madsen, ES & Pedersen, K 1995, International Economics: the wealth of open nations. McGraw-Hill, London.

Full CV and publication list