 Philipp Nussbaumer, Inu Sarah Matter, Ingrid Slembek, Gerhard Schwabe, Information Search Behavior of Investors and the Role of Advisory Services, In: European Conference on Information Systems 2011, Helsinki, 2011-06-09. (Conference or Workshop Paper published in Proceedings)
 
Research into customer satisfaction of advisory services provided by financial service providers (FSPs) indicates a history of problems that originated well before the current financial crisis. As part of a research program into the design of advisory processes and supporting IT tools, we conducted a survey of affluent Swiss investors that was focused on their information search behavior when preparing to make an investment decision. Results show that advisory services are used at a later stage in the investment decision process, after Internet-based professional sources, media and personal contacts. In order for advisory services to become a preferred information source amongst customers, FSPs need to increase their accessibility, raise their level of perceived trust, and enhance the customer’s access to a diverse range of trusted information sources in the advisory process. |
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Jean-Charles Rochet, Modelling Credit Cycles, In: IGIER 20th Anniversary Conference Universita' Bocconi. 2011. (Conference Presentation)
PLAN OF THE PRESENTATION
5
I will analyze three theoretical mechanisms that could generate credit fluctuations:
1. Collateral constraints
2. Credit reversals
3. Pecuniary externalities
4. Wrap-up and policy implications
5. Conclusion
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Thorsten Hens, Three solutions to the Pricing Kernel Puzzle, In: Research Seminar, University of California. 2011. (Conference Presentation)
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Bruno Frey, Sylvia Frey Werlen, Ältere werden zu schnell aussortiert, In: Baz Basler Allgemeine Zeitung, p. 14, 7 June 2011. (Newspaper Article)
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Anselm Jakob Schneider, Principles for designing superior stakeholder organizations i: reconciling efficiency and legitimacy by communication, In: 1st Interdisciplinary Conference On Stakeholders, Resources And Value Creation. 2011. (Conference Presentation)
In this article I analyze the role of communication for organizational efficiency and organizational legitimacy. The main point is that under conditions of environmental complexity and dynamics characteristic for economic activity in a globalized economic system, business firms need to extensively engage in communicative processes with their stakeholders to obtain information necessary for organizational survival. In general, such processes are also suitable to generate organizational legitimacy, which is becoming increasingly central to the successful management of business firms. By introducing the concept of multifunctional communication, opportunities and limits of the simultaneous generation of organizational efficiency and organizational legitimacy by means of stakeholder communication are discussed. |
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Markus Nöbauer, Norbert Seyff, Planning, Funding and Conducting Research to Address Challenges in ERP Projects, In: EPIC 2011, Brussels, 2011. (Conference or Workshop Paper published in Proceedings)
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Sven Seuken, David C. Parkes, On the Sybil-Proofness of Accounting Mechanisms, In: Workshop on the Economics of Networks, Systems, and Computation (NetEcon), San Jose, CA, 2011. (Conference or Workshop Paper published in Proceedings)
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Florian Stahl, Lucas Bremer, Asim Ansari, Mark Heitmann, Networking for Success, In: 2011 INFORMS Marketing Science Conference. 2011. (Conference Presentation)
The growth of online social networks and the decreasing effectiveness of traditional marketing have lead to a surge of interest in using such networks for marketing purposes. Actors embedded in such social networks are interested in understanding how to leverage the interactions and relationships among network members to increase their popularity and garner online success. In this paper we analyze how the network activities that an actor engages in influences the actor's egocentric positions within the network and how such activities in combination with these network positions eventually impact marketing success. In particular, we study how a network of music artists can drive music downloads by engaging in active communication and building of friendship activities. Our sample consists of a set of 440 music artists who actively operate profiles on two independent online social network platforms at the same time. Personal network information on both platforms is tracked monthly over a period of one year. As network positions are endogeneous, and instrumental variables are not available readily, we use a latent instrumental variable approach to model the endogeneity of multiple network influence variables. Our results indicate that online success is determined by both the social network structure and networking activities of the music artists rather than by their outside popularity. |
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Thorsten Hens, Wie ein Frosch im Wasser, In: Finanz und Wirtschaft, 44, p. 1, 4 June 2011. (Newspaper Article)
An den Finanzmärkten kommt es laufend zu Über- und Unterreaktionen. Daraus zieht Profit, wer zwischen Megaschocks und Megatrends unterscheiden kann. |
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Robertas Zubrickas, How exposure to markets can favor inequity-averse preferences, In: Conference on Rationality and Irrationality: Game-Theoretic and Other Perspectives, 2011-06-03. (Conference or Workshop Paper published in Proceedings)
This paper shows how non-individualistic preferences can be individual fitness maximizing in market-integrated societies. In the model, individuals share an endowment, which is used for consumption and/or purchase of goods on the external market. We show that inequity aversion about endowment distribution can be an optimal response to merchants' price discrimination. Then, assuming that increased consumption means increased individual fitness, we argue that evolutionary selection can favor inequity-averse preferences. We also argue that our model can explain the empirical finding of Henrich et al. (2004) about the positive effect of a society's exposure to markets on its members' sociality. |
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Thorsten Hens, An International Study of Time Peference and Risk Attitude, In: Research Seminar, University of California. 2011. (Conference Presentation)
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Urs Trinkner, Helmut Max Dietl, Defending mail markets against new entrants: An application of the defender model to postal markets, In: 19th Conference on Postal and Delivery Economics, Working papers / Swiss Economics, 2011-06-02. (Conference or Workshop Paper)
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Jan Hendrik Degner, Empirical Evidences of Financial Leverage in M&A Transactions, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
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Alexander Neustaedter, Socially Responsible Investing and Profitability in Emerging Markets: An Empirical Analysis, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
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Gianluca Lüthi, Accessibility or Regulation? A comparison of the policy and regulatory frameworks for microfinance in Uganda and Madagascar, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
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Öktem Paslioglu, Der Effekt von (un-)erwarteten Ereignissen auf die Aktienrendite von börsenkotierten Fussballclubs, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
Abstract
Es wird untersucht, ob (un-)erwartete Ereignisse einen Effekt auf die Aktienrendite von börsenkotierten
Fussballclubs haben. Als Ereignisse werden Spielergebnisse von Fussballclubs
definiert, die in der nationalen Ligameisterschaft erzielt wurden. Als Proxy für das Erwartungsmass
dienen die Wettquoten vor einem Ligaspiel. Für die Untersuchung dieser Forschungsfrage
werden eine Event Study und eine einfache Analyse anhand Durchschnittsrenditen
durchgeführt. Die Resultate der Untersuchung sind: Siege haben einen positiven Effekt
auf die Aktienrendite von Fussballclubs. Niederlagen und Unentschieden wirken sich negativ
aus, wobei der negative Effekt von Niederlagen grösser ist als der von Unentschieden. |
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Robert Eberle, Risiko, Anreiz und Kontrolle im System der Schweizerischen Raiffeisenbanken, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
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Marc Engel, Estimation of the Pricing Kernel and its Application to Portfolio Management, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
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Stefan Nef, Spekulative Blasen in wirtschaftswissenschaftlichen Experimentallabor: Lassen sich die Erkenntnisse auf reale Finanzmärkte übertragen?, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
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Marko Milivojevic, Monumentum in ATM-Optionspreisen und Momentum in Nachrichten, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
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