Carmen Tanner, Steps to Transdisciplinary Sustainability Research, Human Ecology Review, Vol. 10 (2), 2003. (Journal Article)
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Pablo Koch Medina, Sandro Merino, Mathematical Finance and Probability, Birkhäuser Verlag, Basel, 2003. (Book/Research Monograph)
The objective of this book is to give a self-contained presentation to the theory underlying the valuation of derivative financial instruments, which is becoming a standard part of the toolbox of professionals in the financial industry. Although a complete derivation of the Black-Scholes option pricing formula is given, the focus is on finite-time models. Not going for the greatest possible level of generality is greatly rewarded by a greater insight into the underlying economic ideas, putting the reader in an excellent position to proceed to the more general continuous-time theory.
The material will be accessible to students and practitioners having a working knowledge of linear algebra and calculus. All additional material is developed from the very beginning as needed. In particular, the book also offers an introduction to modern probability theory, albeit mostly within the context of finite sample spaces. The style of presentation will appeal to financial economics students seeking an elementary but rigorous introduction to the subject; mathematics and physics students looking for an opportunity to become acquainted with this modern applied topic; and mathematicians, physicists or quantitatively inclined economists working in the financial industry. |
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Martin Natter, Andreas Mild, DELI: an interactive new product development tool for the analysis and evaluation of market research data, Journal of Targeting, Measurement and Analysis for Marketing, Vol. 12 (1), 2003. (Journal Article)
This paper presents DELI, a new interactive tool for supporting new product development decisions. DELI addresses the `chicken and egg` problem in new product development: a product's features shape the way that the market is segmented and targeted, but that very segmentation/targeting itself determines which features the product needs to incorporate. It is very useful, therefore, to be able to look at attributes, product positions and segments in a `single hit' to measure the key trade-offs available. DELI integrates segmentation, visualisation of competitive structures and the segment-specific identification of new product functionality. Several interactive features support the search for new products. Furthermore, the authors introduce a novel conditional segmentation, mapping and positioning approach for an improved representation of products and customers within one map, supporting interpretation and segment-specific new product development. |
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Heinz Bach, Andreas Mild, Martin Natter, Andreas Weber, Combining socio-demographic and logistic factors to explain the generation and collection of waste paper, Resources, Conservation, and Recycling, Vol. 41 (1), 2003. (Journal Article)
The aim of this paper is to develop a model predicting the collected amount of waste paper at the regional level of municipalities. Learning about the factors that influence the amount of collected paper is a prerequisite for the evaluation and reorganization of collection systems. We hypothesize that the amount of collected paper depends on both the waste potential and the factors which influence the convenience such as the density of collection sites. For this study, we used a sample of 649 municipalities. Between the municipalities, the data show a high variance in terms of the collected waste paper per person and year. We developed a multivariate regression model providing valuable insights about the relationship between demographic parameters and the amount of collected waste paper. Furthermore, we found a significant positive impact of the convenience of the collection system. |
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André C. Wohlgemuth, Management Consulting – quo vadis?, IO new management, Vol. 72 (9), 2003. (Journal Article)
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André C. Wohlgemuth, Association of Management consultants Switzerland (ASCO), In: The International Guide to Management Consultancy : The Evolution, Practice and structure of Management Consultancy Worldwide., Kogan Page, London, p. 420 - 422, 2003. (Book Chapter)
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Steven Ongena, David C Smith, Dag Michalsen, Firms and their distressed banks: lessons from the Norwegian banking crisis, Journal of Financial Economics, Vol. 67 (1), 2003. (Journal Article)
We use the near-collapse of the Norwegian banking system during the period 1988–1991 to measure the impact of bank distress announcements on the stock prices of firms maintaining a relationship with a distressed bank. Although banks experienced large and permanent downward revisions in their equity value during the event period, firms maintaining relationships with these banks faced only small and temporary changes, on average, in stock price. Firms with access to unused liquid bank funds and firms that issued equity just prior to the crisis experience relatively high abnormal returns. Overall, the aggregate impact of bank distress appears small. |
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Stefano Battiston, Gérard Weisbuch, Eric Bonabeau, Decision spread in the corporate board network, Advances in Complex Systems, Vol. 6 (4), 2003. (Journal Article)
The boards of large corporations sharing some of their directors are connected in complex networks. Boards are responsible for corporations' long-term strategy and are often involved in decisions about a common topic related to the belief in economical growth or recession. We are interested in understanding under which conditions a large majority of boards making the same decision can emerge in the network. We present a model where board directors are engaged in a decision-making dynamics based on "herd behavior." Boards influence each other through shared directors. We find that imitation of colleagues and opinion bias due to the interlock do not trigger an avalanche of identical decisions over the board network, whereas the information about interlocked boards' decisions does. There is no need to invoke global public information, nor external driving forces. This model provides a simple endogenous mechanism to explain the fact that boards of the largest corporations of a country can, in the span of a few months, make the same decisions about general topics. |
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Bruno Staffelbach, Eine Strategie für die Universität, UniLU Aktuell: Newsletter der Universität Luzern (4), 2003. (Journal Article)
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Ursin Bernard, B. Metzger, Bruno Staffelbach, Der Einfluss der Telearbeit auf die Identifikation mit dem Unternehmen: Empirisch analysiert am Beispiel einer Versicherungsunternehmung, Zeitschrift für Arbeitsforschung, Arbeitsgestaltung und Arbeitspolitik, Vol. 12 (2), 2003. (Journal Article)
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Bruno Staffelbach, Ethik und Betriebswirtschaft - ein Widerspruch?, In: Berichte des Instituts für Wirtschaftsethik: Nr. 100. Was bewegt die St.Galler Wirtschaftsethik? 14 Einschätzunge "von aussen" , Institut für Wirtschaftsethik, St. Gallen, p. 31 - 32, 2003. (Book Chapter)
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Bruno Staffelbach, Barbara Brenzikofer, Reputation von Professoren als Führungsmittel in Universitäten, In: Hochschulreform in Europa - konkret. Österreichs Universitäten auf dem Weg vom Gesetz zur Realität , Leske + Budrich, Opladen, p. 183 - 208, 2003. (Book Chapter)
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Markus Leippold, Fabio Trojani, Market Risk: A Primer, In: Risk and Risky Management, National Centre of Competence in Research, Zürich, p. 36 - 39, 2003. (Book Chapter)
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Markus Leippold, Barbara Doebeli, Paolo Vanini, From Operational Risk to Operational Excellence, In: Advances in operational risk management : firm-wide issues for financial institutions, RISK Publications, London, p. 239 - 252, 2003. (Book Chapter)
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Thomas Keil, Paul Robertson, Erkko Autio, Weak and strong ties, individualism-collectivism, and the diffusion of technological knowledge, In: Systems and Policies for the Global Learning Economy, Praeger, Santa Barbara, CA, p. 275 - 305, 2003. (Book Chapter)
Despite the importance of gathering technological knowledge from external sources, many firms are not well-placed to collect information from beyond their own boundaries. Government policies designed to improve access to technological knowledge often encourage firms to develop strong ties with competitors, suppliers or customers. But although strong ties are valuable, especially when tacit knowledge needs to be communicated, firms in individualistic cultures may resist entering into close relationships with other firms. As a result, policies that encourage such firms to form weak ties may be a more effective way of promoting the spread of technological knowledge in individualistic cultures. In this paper, we develop a set of propositions concerning the suitability of strong and weak ties in cultures that are relatively more individualistic or collectivist. Our arguments are illustrated with survey data from Australia and Finland. In the final section, we make some policy recommendations for improving the diffusion of technological knowledge among firms in individualist cultures. |
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Robert Göx, Johannes T Wunsch, Cost oder Profit Center?: Eine informationsökonomische Untersuchung der relativen Vorteilhaftigkeit dezentraler Organisationsalternativen, Die Unternehmung (4), 2003. (Journal Article)
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Thomas Keil, Markku Maula, Henri Schildt, Corporate venturing modes and their impact on learning from venturing, In: Proceedings of the 23rd annual Babson Kauffmann entrepreneurship research conference, Babson College, Wellesley, MA, p. 471 - 485, 2003. (Book Chapter)
Learning and increased innovation are often mentioned as some of the key benefits from corporate venturing for corporations. However, little research exists that would analyze whether there are systematic differences in learning outcomes across different governance modes. In this paper, we systematically analyze how the governance choice between different external corporate venturing modes (i.e. corporate venture capital investments, alliances, joint ventures and acquisitions) influences the learning outcomes from corporate venturing. Based on learning theory, we develop hypotheses predicting how the characteristics of these governance modes affect learning outcomes in the corporation. |
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Thomas Keil, Tiina Vilkamo, Strategic technology partnering in high-velocity environments: lessons from a case study, Technovation, Vol. 23 (3), 2003. (Journal Article)
Strategic technology alliances have received increased attention in the management literature. However, considerably less weight has been given to the study of this phenomenon in different environments and particularly in high velocity environments. This paper analyzes six cases of strategic technology partnerships in the mobile telephone industry. We investigate how, in high velocity environments, firms manage technology partnerships as an integrated element of their technology strategy. Based on the case studies, pointers are identified for the management of relationships in rapidly changing environments. Important pointers include the management of multiple time scales, balancing exploration and exploitation, integrating technology partnering into technology strategy, and managing the balance of continuity and change. |
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David Seidl, Organizational identity in Luhmann's theory of social systems, In: Autopoietic Organization Theory. Drawing on Niklas Luhmann's Social Systems Perspective, Copenhagen Business School Press, Copenhagen, p. 123 - 150, 2003. (Book Chapter)
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B Dietel, David Seidl, Überlegungen zu einem allgemeinen Strategiebegriff, In: Perspektiven des Strategischen Managements - Theorien, Konzepte, Anwendungen, Gabler, Wiesbaden, p. 25 - 42, 2003. (Book Chapter)
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