Imperial College London

Dr. Renáta Kosová

Business School

Professor of Economics



+44 (0)20 7594 2630r.kosova Website CV




CAGB 418City and Guilds BuildingSouth Kensington Campus





Renáta Kosová, is a Professor of Economics and Deputy Head in the Department of Economics & Public Policy. She joined Imperial College Business School in 2013. During 2014 - 2018 she has been also the Programme Director of the MSc in Economics & Strategy for Business, and during 2016-2019 served as the elected Chair of Diversity Committee at the Business School. Previously she was on the faculty board at Cornell University - School of Hotel Administration and Business School at the George Washington University. She holds Ph.D. from University of Michigan (Ross School of Business) as well as M.A. (Economics) from University of Michigan;  M.A. (Economics) from  Central European University in Hungary; B.A. and  M.A  in Business Administration from Comenius University in Slovakia.

Her research is mostly empirical and concentrates on the areas of applied microeconomics & industrial organization, organizational economics and international economics & business. Specific areas of interest include:

Applied Microeconomics & Industrial Organization – analyses of firm operations & performance; firm and industry dynamics; theory of the firm; economic impact assessment; policy evaluation.

Organizational Economics – agency problems; corporate governance; incentives & contract theory; franchising; service industries.

International Economics & Business – foreign direct investment (FDI); impact of multinational corporations; globalization, firm strategy and economic development.

Her dissertation: “Do Foreign Firms Crowd out Domestic Firms? Evidence from the Czech Republic” won several dissertation awards and her research has been published in highly recognized academic journals including The Review of Economics & Statistics; Journal of Economic Geography; Journal of Finance; Journal of Law, Economics & Organization; Journal of Industrial Economics, Management Science and others.

Many of her research projects exploit context and detailed data on hotels, which also allowed her to develop specific expertise in hospitality industry.

Selected Publications

Journal Articles

Agarwal S, Ayyagari M, Kosova R, 2024, Minimum wage increases and employer performance: role of employer heterogeneity, Management Science, Vol:70, ISSN:0025-1909, Pages:225-254

Forbes S, Kosova R, 2023, Does competition benefit complements? Evidence from airlines and hotels, Management Science, Vol:69, ISSN:0025-1909, Pages:4733-4752

Kosova R, Sertsios G, 2018, An empirical analysis of self-enforcement mechanisms: evidence from hotel franchising, Management Science, Vol:64, ISSN:1526-5501, Pages:43-63

Povel P, Sertsios G, Kosova R, et al., 2016, Boom and gloom, Journal of Finance, Vol:71, ISSN:1540-6261, Pages:2287-2332

Freedman M, Kosova R, 2014, Agency and Compensation: Evidence from the Hotel Industry, Journal of Law Economics & Organization, Vol:March 30, ISSN:8756-6222, Pages:72-103

Kosová R, Lafontaine F, Perrigot R, 2013, Organizational Form and Performance: Evidence from the Hotel Industry, Review of Economics and Statistics, Vol:95, ISSN:0034-6535, Pages:1303-1323

Masten SE, Kosova R, 2013, Post-sale service and the limits of reputation, Industrial and Corporate Change, Vol:Forthcoming., ISSN:0960-6491

Freedman ML, Kosova R, 2012, Agglomeration, product heterogeneity and firm entry, Journal of Economic Geography, Vol:12, ISSN:1468-2702, Pages:601-626

Kosova R, 2010, DO FOREIGN FIRMS CROWD OUT DOMESTIC FIRMS? EVIDENCE FROM THE CZECH REPUBLIC, Review of Economics and Statistics, Vol:92, ISSN:0034-6535, Pages:861-881

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