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CRIEFF was established within the Economics Department (now the School of Economics & Finance) of St Andrews University in November 1991 to foster rigorous research in the organization of industry, in its broadest sense. Thus CRIEFF’s research agenda embraces industrial economics, financial economics, corporate finance, entrepreneurship, the economics of enterprise, and much more, across the broad field of applied and theoretical micro-economics.  CRIEFF has a commitment to applying advanced theoretical, quantitative and qualitative methods to contemporary problems in this field, taking explicit account of the relevant institutional framework and considering the potential for knowledge transfer.

Aims and Objectives of CRIEFF

The aim of CRIEFF is to foster rigorous research in the economics of industry in its broadest sense.  The methods used can be theoretical, quantitative or qualitative.  The research agenda naturally includes, at its core, mainstream industrial organization, the economics of enterprise, and theoretical and empirical finance. However, CRIEFF aims to extend its activities well beyond this core.

The compass of its research agenda broadens to such diverse areas as: R&D and technological diffusion, the organizational theory of the firm, the economics of entrepreneurship and the small firm, multinational firms, the economics of the single European market, venture capital investment, patenting,  high technology clusters, pension reform, tax progression, income inequality, firm dynamics, speculative bubbles, financial reporting, gains from acquisitions, labour market skill acquisition, option pricing, financial distress.

The prime objective of CRIEFF is to stimulate high quality research output, of international quality.  It does so by building on the existing strengths of the School of Economics & Finance (formerly the Department of Economics), and linking these together in a synergistic fashion.  To this end, CRIEFF produces a discussion paper series, acts as a periodic host to research networks, research visitors and research collaborators, and facilitates outreach and knowledge transfer to the practitioner and policy making communities.