Jürgen Reinhard, José Antonio Kümin, Lorenz Hilty, Design and Implementation of a Web-based System for Certification and LCA of Biofuels, 2011. (Other Publication)
The goal of this project was to develop a web-based tool for the interactive evaluation of biofuels sustainability against the standard of the Roundtable on Sustainable Biofuels. In this document we describe the central concepts of the RSB GHG Tool which is one module within the RSB tool. It allows the modular assessment of GHG emissions for numerous biofuel pathways with different methodologies: RSB, EU Renewable Energy Directive (EU RED), Ordinance on mineral oil tax (CH), Low Carbon Fuel Standard (LCFS/USA), and U.S. Renewable Fuel Standard (RFS2/USA). |
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Robert Huitema, Optimal Portfolio Execution using Market and Limit Orders, 2011. (Other Publication)
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Jiesi Chen, Runpu Sun, Daning Hu, Dajun Zeng, An information diffusion-based recommendation framework for micro-blogging, Journal of the Association for Information Systems, Vol. 12 (7), 2011. (Journal Article)
Micro-blogging is increasingly evolving from a daily chatting tool into a critical platform for individuals and organizations to seek and share real-time news updates during emergencies. However, seeking and extracting useful information from micro-blogging sites poses significant challenges due to the volume of the traffic and the presence of a large body of irrelevant personal messages and spam. In this paper, we propose a novel recommendation framework to overcome this problem. By analyzing information diffusion patterns among a large set of micro-blogs that play the role of emergency news providers, our approach selects a small subset as recommended emergency news feeds for regular users. We evaluate our diffusion-based recommendation framework on Twitter during the early outbreak of H1N1 Flu. The evaluation results show that our method results in more balanced and comprehensive recommendations compared to benchmark approaches. |
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Daning Hu, Sherry X Sun, J Leon Zhao, Xinlei Zhao, Strategic choices of inter-organizational information systems: A network perspective, Information Systems Frontiers, Vol. 13 (5), 2011. (Journal Article)
As cooperation in a networked manner increases via various inter-organizational information systems (IOISs), it is important to choose appropriate IOISs for different types of organizations in the network environment. In this study, we analyzed customer-supplier relationships among organizations in five industries using social network analysis (SNA) methods and empirical data, aiming to help organizations strategically choose appropriate IOISs. Three types of customer-supplier networks were identified based on the network centralization comparison rate: customer-centric, supplier-centric and balanced networks. Based on the empirical findings in our analysis, we then propose strategies about how to choose appropriate IOISs for the firms in these networks and discuss the pros and cons of the choices. To the best of our knowledge, this is the first empirical research that applied SNA methods to study customer-supplier networks in the context of inter-organizational information systems. |
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Evgeny Plaksen, Self-Serving Behavior by Investment Bankers, Controlling Shareholders, and Managers in M&A, Dual-Class Shareholding and IPO, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Dissertation)
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Kjell G. Nyborg, Bank bailout menus, 2011. (Other Publication)
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Martin Volk, Torsten Marek, Yvonne Samuelsson, Building and querying parallel treebanks, Translation: Computation, Corpora, Cognition, Vol. 1 (1), 2011. (Journal Article)
This paper describes our work on building a trilingual parallel treebank. We have annotated constituent structure trees from three text genres (a philosophy novel, economy reports and a technical user manual). Our parallel treebank includes word and phrase alignments. The alignment information was manually checked using a graphical tool that allows the annotator to view a pair of trees from parallel sentences. This tool comes with a powerful search facility which supersedes the expressivity of previous popular treebank query engines. |
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Languages in the European information society - German, Edited by: Aljoscha Burchardt, Markus Egg, Kathrin Eichler, Brigitte Krenn, Annette Lessmöllmann, Georg Rehm, Manfred Stede, Hans Uszkoreit, Martin Volk, Meta-Net, Berlin, 2011. (Edited Scientific Work)
Many European languages run the risk of becoming victims of the digital age because they are underrepresented and under-resourced online. Huge regional market opportunities remain untapped today because of language barriers. If we do not take action now, many European citizens will become socially and economically disadvantaged because they speak their native language.Innovative language technology (LT) is an intermediary that will enable European citizens to participate in an egalitarian, inclusive and economically successful knowledge and information society. Multilingual language technology will be a gateway for instantaneous, cheap and effortless communication and interaction across language boundaries.Today, language services are primarily offered by commercial providers from the US. Google Translate, a free service, is just one example. The recent success of Watson, an IBM computer system that won an episode of the Jeopardy game show against human candidates, illustrates the immense potential of language technology. As Europeans, we have to ask ourselves several urgent questions:- Should our communications and knowledge infrastructure be dependent upon monopolistic companies?- Can we truly rely on language-related services that can be immediately switched off by others?- Are we actively competing in the global market for research and development in language technology?- Are third parties from other continents willing to address our translation problems and other issues that relate to European multilingualism?- Can our European cultural background help shape the knowledge society by offering better, more secure, more precise, more innovative and more robust high-quality technology?This whitepaper for the German language demonstrates that a lively language technology industry and research environment exists in Germany, Austria and Switzerland. Although a number of technologies and resources for Standard German exist, there are fewer technologies and resources for the German language than for the English language. The existing technologies and resources also have a poorer quality.According to the assessment detailed in this report, immediate action must occur before any breakthroughs for the German language can be achieved. |
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Tobias Welz, Roland Hischier, Lorenz Hilty, Environmental impacts of lighting technologies: Life cycle assessment and sensitivity analysis, Environmental Impact Assessment Review, Vol. 31 (3), 2011. (Journal Article)
With two regulations, 244/2009 and 245/2009, the European Commission recently put into practice the EuP Directive in the area of lighting devices, aiming to improve energy efficiency in the domestic lighting sector. This article presents a comprehensive life cycle assessment comparison of four different lighting technologies: the tungsten lamp, the halogen lamp, the conventional fluorescent lamp and the compact fluorescent lamp. Taking advantage of the most up-to-date life cycle inventory database available (ecoinvent data version 2.01), all life cycle phases were assessed and the sensitivity of the results for varying assumptions analysed: different qualities of compact fluorescent lamps (production phase), different electricity mixes (use phase), and endof- life scenarios for WEEE recycling versus municipal solid waste incineration (disposal phase). A functional unit of “one hour of lighting” was defined and the environmental burdens for the whole life cycle for all four lamp types were calculated, showing a clearly lower impact for the two gas-discharge lamps, i.e. the fluorescent and the compact fluorescent lamp. Differences in the product quality of the compact fluorescent lamps reveal to have only a very small effect on the overall environmental performance of this lamp type; a decline of the actual life time of this lamp type doesn't result in a change of the rank order of the results of the here examined four lamp types. It was also shown that the environmental break-even point of the gasdischarge lamps is reached long before the end of their expected life-span. All in all, it can be concluded that a change from today's tungsten lamp technology to a low-energy-consuming technology such as the compact fluorescent lamp results in a substantial environmental benefit. |
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Lorenz Hilty, Diane Whitehouse, Norberto Patrignani, Marc van Lieshout, Social accountability and sustainability in the information society: Perspectives on long-term responsibility, Notizie di Politeia, Vol. 27 (104), 2011. (Journal Article)
This chapter provides the introduction to this 2011 issue of the Politeia journal dedicated to the relationship between sustainability and information and communication technologies (ICT) in the long term. It outlines the content of six papers and examines their similarities and trends. Its main themes are built around how social accountability for sustainability in the information society can be enhanced. Although it is feasible to experiment with many of these proposals today, the ultimate success of the application of these ideas will only be identified over time. |
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Lorenz Hilty, Wolfgang Lohmann, The five most neglected issues in "Green IT", Upgrade, Vol. 12 (4), 2011. (Journal Article)
Many studies on "Green IT/Green ICT" have already been published, focusing on the energy consumption of ICT or the role of ICT as an enabler of energy efficiency. In this paper, we argue that such an approach is too narrow, and that a broader perspective is needed to utilize the potential of ICT to make our lives more sustainable. |
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David Seidl, Wozu brauchen wir noch die Organisationsforschung? Zwei Reaktionsstrategien der Organisationsforschung auf den drohenden Verlust ihres Erkenntnisobjekt, DBW, Vol. 71, 2011. (Journal Article)
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Ernst Fehr, Karla Hoff, Introduction: tastes, castes and culture: the influence of society on preferences, The Economic Journal, Vol. 121 (556), 2011. (Journal Article)
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here, we argue that the opposition to explaining behavioural changes in terms of preference changes is ill-founded, that the psychological properties of preferences render them susceptible to direct social influences and that the impact of ‘society’ on preferences is likely to have important economic and social consequences. |
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David Seidl, Dennis Schoeneborn, La théorie autopoïétique des organisations de Niklas Luhmann, In: Les Grands Inspirateurs de la Théorie des Organisations, Editions Management et Société, Caen, p. 1 - 5, 2011. (Book Chapter)
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Kjell G. Nyborg, The Euro Area Sovereign Debt Crisis: Secure the Debt and Modify Haircuts, 2011. (Other Publication)
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Jan Stierlin, Analyse von ETFs mit besonderer Betrachtung des Tracking Errors , University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
Die vorliegende Bachelorarbeit beschäftigt sowohl theoretisch als auch empirisch mit Exchange Traded Funds. Der theoretische Teil, der zu Beginn der Arbeit folgt, hat zum Ziel ETFs und den Tracking Error dem Leser bekannt zu machen und ihm die Basis für die nachfolgende empirische Untersuchung zu geben.
Dort werden verschiedene Aktien-ETFs (Länder-, Regionen-, Size- und Sektor-ETFs) sowie einige Rohstoff-ETFs bezüglich effizienter Preisstellung und Replikationsgüte des Benchmark-Index anhand des Tracking Errors zwischen Mid-Preis und NAV sowie jenem zwischen NAV und Benchmark-Index analysiert.
Das Überprüfen auf eine effiziente Preisstellung ist insofern relevant, weil ETFs mit dem Creation-/Redemption-Prozess über einen Mechanismus verfügen, der ihnen erlauben würde die an der Börse gestellten Handelspreise im Falle einer Abweichung vom effektiven Wert des ETFs, dem NAV, durch Arbitragegeschäfte wieder ins Lot zu bringen und so einen Tracking Error zu verhindern.
Die Replikationsgüte spielt wiederum eine wichtige Rolle, weil es das Ziel eines ETFs wäre, dieselbe Performance wie der Benchmark-Index zu liefern und keinen Tracking Error zu zulassen.
Die empirische Analyse zeigte nun, dass bei allen untersuchten ETF-Kategorien sowohl ein Tracking Error zwischen Mid-Preis und NAV als auch zwischen NAV und Benchmark-Index auftrat, wobei dieser im ersten Fall mit mittleren täglichen Abweichungen von 0.51% bis 0.88% stets höher ausfiel als im zweiten Fall mit 0.28% bis 0.38%.
Dies lässt den Schluss zu, dass es für die untersuchten ETFs schwieriger ist, effiziente Preise zu stellen, als die Performance ihres Benchmark-Index abzubilden.
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Joël Schüepp, The post-acquisition performance of Chinese bidders in cross-border M&A deals: an empirical analysis of a new trend , University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
Cross-border M&A plays a pivotal role in the internationalization process of Chinese firms. This thesis empirically examines the wealth effects for Chinese acquirers in such transactions and analyzes the cross-sectional determinants in cumulative abnormal returns using a short-run event study model and multivariate regressions. Based on a sample of 117 outbound transactions conducted between January 2000 and February 2011, I find strong evidence that bidders, on average, gain abnormal returns of 1.4% to 2.0% over the three-day window [-1,+1] and 0.9% to 1.3% on the announcement day itself. Ceteris paribus, the bidder abnormal returns increase significantly, (1) when the bidder has the experience of more than two cross-border deals, (2) the more culturally similar the target country to China, (3) the larger the transaction relative to the bidder’s size, (4) the lower the pre-offer market-to-book ratio of the acquirer, and (5) the smaller the acquiring firm. The thesis extends the preliminary research by Boateng, Qian and Tianle (2008) and Chen and Lin (2009) on short-term wealth effects for Chinese acquirers in outbound M&A, initiates research on several determinants of M&A success in the Chinese cross-border context and tests the generalization of results from developed countries in an important emerging market. |
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Beilun Wei, The Price Disparity Between China A-shares and Hong Kong H-shares: An Empirical Analysis of the Price Premiums and Discounts , University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
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Asim Ansari, Oded Koenigsberg, Florian Stahl, Modeling multiple relationships in social networks, Journal of Marketing Research, Vol. 48 (4), 2011. (Journal Article)
Firms are increasingly seeking to harness the potential of social networks for marketing purposes. Marketers are therefore interested in understanding the antecedents and consequences of relationship formation within networks and in predicting interactivity among users. In this paper we develop an integrated statistical framework for simultaneously modeling the connectivity structure of multiple relationships of different types on a common set of actors. Our modeling approach incorporates a number of distinct facets to capture both the determinants of relationships and the structural characteristics of multiplex and sequential networks. We develop hierarchical Bayesian methods for estimation and illustrate our model via two applications. The first application uses a sequential network of communications among managers involved in new product development activities and the second uses an online collaborative social network of musicians. Our applications demonstrate the benefits of modeling multiple relations jointly for both substantive and predictive purposes. We also illustrate how information in one relationship can be leveraged to predict connectivity in another relation. |
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Andrea Schenker-Wicki, Globalisierung und Wandel – was machen unsere Hochschulen?, 2011. (Other Publication)
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