Der Anstieg der Management-Vergütung: Markt oder Macht? Die Unternehmung, Edited by: Margit Osterloh, Katja Rost, Nomos, Baden-Baden, 2011. (Edited Scientific Work)
Der weltweite Anstieg der Gehälter für angestellte Manager wird kontrovers diskutiert. Aufder einen Seite argumentieren Vertreter „optimaler Verträge“, dass der Anstieg der Gehälterdurch funktionierende Märkte verursacht ist. Aus dieser Sicht erhöhen dieInternationalisierung und Deregulierung der Märkte die Nachfrage nach talentiertenManagerinnen und Managern, welche diese Herausforderungen bewältigen. Weil dasAngebot knapp ist, steigen die Preise für solche Spitzenkräfte. Auf der anderen Seiteargumentieren Vertreter der „Machtperspektive“, dass der Anstieg der Gehälter durch dasKontrollversagen von Verwaltungsräten und Aktionären zu erklären sei. DasKontrollversagen werde verstärkt durch die Internationalisierung und Deregulierung derMärkte, welche die Komplexität der Führungsaufgabe erhöhen. Das Management kann diesausnutzen. Aus dieser Sicht sind variable Management-Kompensationen nicht bloss einMittel, um solche Kontrollprobleme zu lösen, sondern Teil des Kontrollproblems selbst. Dasvorliegende Sonderheft kontrastiert beide Sichtweisen. Das Einleitungskapitel stellt die zuGrunde liegende Argumentation beider Sichtweise dar und nimmt eine Zuordnung derBeiträge des Sonderbandes zu den beiden Sichtweisen vor. |
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Robert Huitema, Erich Walter Farkas, William Vettorato, Consistent Pricing of Real Rate Swaptions and Limited Price Indexation (LPI) Swaps in the Jarrow-Yildirim Model, 2011. (Other Publication)
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Robert Huitema, Nico Achtsis, Optimal Portfolio Execution with Temporary Price Impact, 2011. (Other Publication)
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János Mayer, Decomposition algorithms for two-stage recourse problems, In: Wiley Encyclopedia of Operations Research and Management Science, John Wiley & Sons, Hoboken, USA, p. 1 - 10, 2011. (Book Chapter)
In this article, decomposition methods for two‐stage linear recourse problems with a finite discrete distribution are discussed. First, we cover the L‐shaped decomposition method which represents a breakthrough concerning numerically efficient methods for solving two‐stage recourse problems. This algorithm was the basis for the development of several other decomposition methods. After giving an overview of these algorithms, we present regularized decomposition and stochastic decomposition in a more detailed fashion. Variance for recourse‐constrained problems and special cases including simple recourse with a random technology matrix are also considered. With reference to stochastic decomposition, the scope of which is not restricted to finite discrete distributions, algorithms for the continuous‐distribution case are discussed briefly with references to the literature. |
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David Seidl, Wozu brauchen wir noch die Organisationsforschung? Zwei Reaktionsstrategien der Organisationsforschung auf den drohenden Verlust ihres Erkenntnisobjekts, Die Betriebswirtschaft (DBW), Vol. 71 (5), 2011. (Journal Article)
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Michael Mohe, David Seidl, Theorizing the client-consultant relationship from the perspective of social-systems theory, Organization, Vol. 18 (1), 2011. (Journal Article)
Over the last few years research on management consulting has established itself as an important area in management studies. While, traditionally, consulting research has been predominantly a-theoretical, lately researchers have been calling for an exploration of different theoretical approaches. This article has been written in response to these calls. It explores a new perspective for theorizing the client–consultant relationship based on the theory of social systems by Niklas Luhmann. According to this approach, clients and consultants can be conceptualized as two autopoietic communication systems that operate according to idiosyncratic logics. They are structurally coupled through a third system, the so-called ‘contact system’. Due to the different logics of these systems, the transfer of meaning between them is not possible. This theoretical position has interesting implications for the way we conceptualize consulting, challenging many traditional assumptions. Instead of supporting the client in finding solutions to their problems, this perspective emphasizes that consulting firms can only cause ‘perturbations’ in the client’s communication processes, inducing the client system to construct its own meaning from it. |
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Violetta Splitter, David Seidl, Does practice-based research on strategy lead to practically relevant knowledge? Implications of a Bourdieusian perspective, Journal of Applied Behavioral Science, Vol. 47 (1), 2011. (Journal Article)
It has often been argued by scholars adopting a practice approach that by focusing on “what people do in relation to strategy” their research would be particularly relevant to practitioners. In response to this assumption, this article draws on a Bourdieusian perspective to argue that most practice-based strategy scholars are unaware of their inevitably “scholastic view” which is the cause for the gap between strategy research and praxis. This unawareness leads to two related fallacies: epistemic doxa and scholastic ethnocentrism. In order to avoid these fallacies, strategy researchers need to develop a particular kind of reflexivity by engaging in what is known as “participant objectivation.” This enables the researcher to generate rigorous research that is conceptually relevant to practitioners—without dissolving the necessary differentiation between strategy research and praxis. |
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Kristin Kruse, Development of a database system based on geographical information: Facharbeit, 2011. (Other Publication)
These theses document the working process of a database constructive web application with name Swiss Feed Database System, Version 2.0. One major point is hereby the inclusion of geographical information such as address specifications and the procedure to display the resulting locations usefully on a map. Next to a short introduction into the topic of Geographical Information System (GIS), a tutorial in embedding Google Maps will mostly cover that theme. Furthermore, the construction of an interactive web page by using a PostgreSQL database, PHP server scripts and JavaScript along with its Asynchronous JavaScript and XML (Ajax) object is part of this documentation. |
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Michael Küchler, iPhoneRecomizer: exploiting partial user preference similarity for location recommendation - iOS implementation and user study, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
Collaborative filtering is widely used these days to filter relevant items, such as locations, movies, etc. A novel approach to collaborative Filtering is using the notion of partial user preferences in order to recommend items. Within this thesis, it is investigated how users can directly benefit from these partial preference similarities. Therefore the IPHONERECOMIZER, a mobile restaurant guide for the iPhone, was developed that (a) recommends locations based on that novel approach, and (b) bring users with overall as well as partially similar preferences in touch with each other. Within a user study, the application was evaluated in respect of these aspects, and as it turned out, the users quite like these features. |
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Reto Zenger, Collaborative defect prediction: applying collaborative filtering to cross-project defect prediction, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
Reliable defect predictions enable a better management of the software developerís effort during the process of software engineering. The identified bug-prone parts can be reengineered or tested with special care. However, defect prediction works only if enough data is available to learn the prediction models. If the data is not sufficient, prediction models of other projects can be applied. Traditional cross-project defect predictions achieve superficial results. That is why we propose a completely new approach. Based on the collaborative filtering framework RECOMIZER, we predict post-release defects of 19 Eclipse plug-ins. Therefore we measure the similarities between the prediction models derived from the different projects. Combining the defect models with the highest similarity to the model of the project under investigation, we perform cross-project defect prediction based on collaborative filtering. We are able to confirm our main hypothesis, that the performance of the defect predictions based on collaborative filtering outperforms the predictions we did while considering the model of the project under investigation only. We achieve a promising mean AUC of 0.745 using a Naive Bayes classifier. In the case of a J48 decision tree, we achieve a mean AUC of 0.734. We also analyze the similarities of the different defect models. The projects organized after their model similarity, rather build a clew than the expected clusters. |
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Raphael Blatter, Extending HAPviewer: time window, flow classification, and geolocation, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
HAPviewer visualizes network traffic on host level using a graph. I implement as set of extensions to increase its usability and functionality and to explore new ways for anomaly detection and user identification.
Flow matching with reverse DNS lookup groups flows with the same purpose together.
Two supervised online and two offline learning algorithms classify flows into those occurring often - base flows - and those occurring rarely. Using a list of base flows as a profile for user identification as well as using changes in the percentage of base flows over time for use in anomaly detection seem to be promising.
An algorithm for the identification of periodic flows and an extension showing geolocation statistics - the distribution of countries of origin of contact partners over time - are implemented as well, with inconclusive results for anomaly detection.
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Thierry Bourquin, Tablet PC vs. Multitouch Tisch: Vergleich der Interaktionsmöglichkeiten in einem Anlageberatungsgespräch, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
Studies have shown that a number of bank's clients are not satisfied with the current manner of consultation.
The insufficient transparency and the predominant asymmetry of information between the consultant and the
client get criticized often. A device for investment consultation on the basis of a touch-sensitive table
was developed at the Department of Information Technology at the University of Z¸rich. In this paper,
the findings and insights of this electronic solution are being applied to develop an additional solution,
a tablet PC. In a series of experiments the differences and advantages of the two devices are being
analyzed in order to derive recommendations about the manner in which these devices can be integrated
in the process of consultation, and if one of the devices is better suited than the other.
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Markus Leippold, Philippe Rohner, Benchmark prägt Risikoprämie, 2011. (Other Publication)
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Priscila Rey, DiscussIT: e-learning support for programming, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
Programming is a very important competence in Computer Science education. However, many research studies such as in (Jenkins T. , 2002), (Kölling, 1999), (Bonnar & Soloway, 1985) and (Ala-Mutka, 2003) report from great difficulties in programming education. A focus group also exposed several difficulties of Computer Science students at the University of Zurich. Students expressed a need for more feedback and easier access for support while programming. A student reported that “learning programming is a try and error where you sometimes don’t realize the error”. This work addresses methods how students can through discussion and feedback with others. Methods were applied to web-based prototypes. Main motivation behind the prototypes is to increase collaboration among learners and their involvement into the learning process in an informal context. The creation of an informal context is given by enabling students to contribute to discussions through different information channels. Information flows from these channels together to a single information web cloud named discussIT. Contribution to these channels isn’t compulsory and has no direct connection to any programming course. Consequently, the prototypes aim to extend the learner’s social, information and neural networks. |
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Markus Leippold, Alpha, In: Encylopedia of Alternative Investments, Chapman & Hall, Boca Raton, p. 13, 2011. (Book Chapter)
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Marc Paolella, Simon Broda, Expected shortfall for distributions in finance, In: Statistical Tools for Finance and Insurance, Springer, Berlin / Heidelberg, p. 57 - 99, 2011. (Book Chapter)
It has been nearly 50 years since the appearance of the pioneering paper of Mandelbrot (1963) on the non-Gaussianity of financial asset returns, and their highly fat-tailed nature is now one of the most prominent and accepted stylized facts. The recent book by Jondeau et al. (2007) is dedicated to the topic, while other chapters and books discussing the variety of non-Gaussian distributions of use in empirical finance include McDonald (1997), Knight and Satchell (2001), and Paolella (2007). |
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Thomas Siegmund Lontzek, Daiju Narita, Risk-averse mitigation decisions in an unpredictable climate system, Scandinavian Journal of Economics, Vol. 113 (4), 2011. (Journal Article)
Risk aversion plays a central role in the decisions made in the face of uncertainties, and climate-change mitigation should be no exception. However, the interlinkage of risk aversion and climate-change uncertainties has hardly been investigated numerically, in part because of the computational difficulties of stochastic optimization. In this paper, we apply the numerical techniques of stochastic optimization to the economic modeling of climate change, with the aim of modeling the decision preferences of a risk-conscious agent in the face of unpredictable climate change. The model underlines the critical role played by the risk-aversion parameter in determining the effects of uncertainties on mitigation, not only in level but also in sign. |
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Daniel Hegglin, GeoPoll - mobile devices as data collectors, 2011. (Other Publication)
This assignment is about the development of a system to use mobile devices as data collectors for social science applications. Subjects are the collection, processing, visualization and exporting of various data types. A special focus is set on the collection of geographic data through GPS modules of mobile devices and protecting the privacy of this critical information. An introduction is given to the concepts of social science that have to be modeled, possible software architectures and web service approaches for the implementation of the framework, protocols and specifications to ensure the security of the system and algorithms to protect the privacy of the collected data. Further, concepts to analyze geographic data are stated. Discussed privacy algorithms and concepts are k-anonymity, uncertainty-aware path cloaking, hitchhiking and truncation. For the analysis of coordinates, the k-means algorithm is described. The development process is documented throughout the definition of functional and non-functional requirements for the system, creating the design and concept of the database structure, the server component as well as the client component according to this requirements and the actual implementation of the system. A service-oriented web service using SOAP and a client application based on Android were finally implemented.
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René Algesheimer, Utpal M Dholakia, Călin Gurău, Virtual team performance in a highly competitive environment, Group and Organization Management, Vol. 36 (2), 2011. (Journal Article)
In this article, we empirically validate a version of the input-mediator-output-input (IMOI) model (Ilgen, Hollenbeck, Johnson, & Jundt, 2005), adapting it to investigate virtual team performance in a highly competitive environment. Our hypotheses are tested using structural equation modeling across time periods with data obtained from 606 professional online gaming teams belonging to the European Electronic Sports League. The findings validate the hypothesized IMOI model, and demonstrate the effects of anticipated emotions on shared motivation of team members. The results contribute to theory and have significant implications for the management of geographically distributed work groups. |
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Erich Walter Farkas, K. Kaczmarek, P. Middelkamp, Interest rate duration in the credit crisis, 2011. (Other Publication)
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