Government approval and state funding
In 1926, Handelshøjskolen is officially approved by the Danish State as an institution of higher education.
Handelshøjskolen is officially approved by the Danish State as an institution of higher education. As a result, the institution becomes subject to state funding with effect from autumn 1924. An external supervisory board is established to monitor teaching activities and examinations. All significant changes to curricula and examinations and any issues concerning the school’s finances must be approved by the Ministry of Trade, Industry and Shipping.
The school appoints its third reader, Economist Max Kjær Hansen, who has studied business economics under the influential Business Economist and Professor Eugen Schmalenbach in Cologne, Germany. In the autumn of 1926, he starts teaching a completely new subject of business economics that concerns the internal financial situation of companies. He publishes the first Danish book on this subject two years later in 1928.