Contributions published at Management of Department - Banking and Finance (Benjamin Wilding)

Die Swiss Structured Products Association (SSPA) lanciert das SSPA Lab in Zusammenarbeit mit Universität Zürich. In wenigen Sekunden lassen sich die gängigsten Produkte kreieren und in diversen Bullen- und Bären-Szenarien testen.

The Swiss Structured Products Association (SSPA) has launched the SSPA Lab together with the University of Zurich. The online gaming format offers interested parties a fun introduction to structured products.

Strukturierte Produkte haben sich zum Baustein für Vermögens-Portfolios entwickelt. Wie die Produkte in verschiedenen Marktsituationen reagieren, können Einsteiger nun spielerisch ausprobieren.

Rapid and unpredictable events as we have experienced with the financial crisis or recently with COVID-19 together with macro trends that change societies and businesses over ten years have become recurring themes in the global competitive landscape. The open innovation concept helps firms to reconfigure their resources across company boundaries and in turn, nurtures organisational agility and entrepreneurial flexibility. Collaboration and co-creation are the core elements of a new management mindset to serve specific client demands fast, precisely, and effectively. A long-term study, exploring the impacts of emerging open business models in financial services, found that digital convergence accelerates the disruption of established banking businesses. Based on a literature review, complemented with information from case studies of notable banks, this abstract shows what affects markets and society most and provides insights into a sector that is in transformation. It broadens the understanding of scholars as well as practitioners that acknowledge open innovation to develop opportunities by creating and capturing value in business ecosystems.

Recent research and practical implementations in the area of open innovation and business ecosystems have found that ecosystem theory can play an important part in strategic management. The term Open Innovation Ecosystem stands for an ill-defined concept. In both theory and practice, the term is used in different combinations and with different meanings. The attempt of this paper is to briefly define the open innovation ecosystem, including the derivation of its two theories, i.e. open innovation and (business) ecosystem. We explain the conceptual analogy between the biological ecosystem, as observed in nature, and our understanding of the open innovation ecosystem that we adopted from manufacturing and technology. By examining the financial sector, we found some generally valid definitions. The focus of our research is the value of creating open innovation ecosystems and the forces and processes that cause them to evolve over time. Based on a case study of Alibaba’s cross-sector ecosystem, we show that in today’s sharing economy, the winner takes it all. We conclude by suggesting strategy development through the lens of the ecosystem theory, as this approach clearly drives innovation and growth in an increasingly connected digital world.

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Das Institut für schweizerisches Bankwesen der Universität Zürich hat in einer repräsentativen Studie die Anlegerperspektive und das Anlegerverhalten im Schweizer Markt für Strukturierte Produkte untersucht (Befragung im Mai/Juni 2008). Insbesondere interessierten dabei der anlegerseitige Wissensstand sowie die Bekanntheit und die Nutzung Strukturierter Produkte. Zudem sollen Informationen über die Kriterien, die Anleger bei ihrer Entscheidung über einen Kauf dieser Produkte berücksichtigen, gewonnen werden. Schliesslich wird aufgezeigt, wie sich Anleger im Kontext genereller Wirtschaftsfragen spezifisch über Strukturierte Produkte informieren und wie sie ihre Transaktionen mit diesen Produkten abwickeln. Die Studie orientiert sich dabei an der Methodik der Equity Ownership Studie, die vom ISB bereits seit dem Jahr 2000 durchgeführt wird

The impact of exchange-rate changes on industrial prices seems ambiguous. Incomplete and even "perverse" pass-through has been observed: the import prices in the depreciating country decrease while those in the appreciating country increase. To explain these "counterintuitive" price reactions we consider a situation of international Bertrand competition: two firms, based in different countries, are selling in both countries simultaneously. The profit-maximizing duopolists set the prices for their products in each of the two markets which are segmented on the demand side. We then study the qualitative effect of an exogenous exchange-rate change on the Bertrand-Nash equilibrium. Under the strong assumption of linear demand and cost functions we have "normal" exchange-rate pass-through. However, allowing for more general cost structures in this simple static model enables us to show that the import prices in both countries might move in counterintuitive directions.