His work will be dual-focused, with one element involving key research into identifying the ownership profile of US companies, and investigating what implications this has on asset prices and on society.
Secondly, the project will look into the impact on public procurement prices of company ownership profiles in Europe. Martin said the ambition behind the project is to inform policymakers, who will be better able to see the impact of ownership on prices.
Investors seek diversification of their investments as part of a balanced portfolio, but the impact on asset prices and society as a whole is little understood. This research seeks to change that - delivering answers to policymakers in the US and across Europe. The project starts in the spring.
The laureates of the ERC grant competition will carry out their projects at universities and research centres in 25 EU member states and other countries associated with Horizon Europe. The highest numbers of grants will be located in Germany (67 projects), France and the UK (both 38), and the Netherlands (37). The grants are expected to create around 2,750 jobs for postdoctoral fellows, PhD students, and other staff at the host institutions.
The ERC was set up by the European Union in 2007. It is the premier European funding organisation for excellent frontier research. It funds creative researchers of any nationality and age, to run projects based across Europe. The ERC offers four core grant schemes: Starting Grants, Consolidator Grants, Advanced Grants and Synergy Grants.
In 2019, Martin received a Jerry S Cohen Memorial Fund Writing Award for his paper titled 'Anticompetitive Effects of Common Ownership' and in 2023 for his paper 'Common Ownership, Competition, and Top Management Incentives'.
