Monthly Archives: March 2016

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    Coal today may be like the doomed ‘natural ice’ industry of the 19th century

Coal today may be like the doomed ‘natural ice’ industry of the 19th century

Communities in Australia’s mining heartland are in trouble and are calling on government to sustain them and rehabilitate closing mine sites. This month Alinta Energy will shut South Australia’s last two coal-fired power plants. Alinta has already closed its Leigh Creek mine and shackled government with responsibility for the purpose-built town that serviced the mine for over 30 years. […]

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    Budget 2016: Osborne rolls with the blows, but the politics tramples good economics

Budget 2016: Osborne rolls with the blows, but the politics tramples good economics

Four months is a long time in economics. That’s how long it’s been since the Chancellor delivered the Autumn Statement. Then “Lucky George” said he had enough fiscal good news to abandon the plans to radically reduce tax credits to the low paid. Unfortunately, the bad news has come thick and fast since then, causing a downgrade in the […]

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    The value of intermediaries in the global market for cloud workers

The value of intermediaries in the global market for cloud workers

A variety of online markets have developed in recent years to facilitate trade in labour services. Upwork – previously known as oDesk-eLance (oDesk was founded in 2005 and merged with eLance in 2014) – is the largest global online market for outsourced work, with revenues of around $1 billion a year, making it the ‘behemoth of the human cloud’ […]

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    Micropayments: paying only for the news you read is the next normal

Micropayments: paying only for the news you read is the next normal

When asked what would the Big Idea of 2015 be, Walter Isaacson, the CEO of the Aspen Institute and the author of an award-winning Steve Jobs biography, argued that “digital currencies and micropayments are likely to be the disruptive innovation”. In his view, “frictionless coin systems that allow us to buy digital content on impulse would support journalists who […]

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    Customers often believe that suppliers who engage in CSR charge unfair prices

Customers often believe that suppliers who engage in CSR charge unfair prices

There is no disputing that CSR engagements such as corporate donations and responsible supply chain practices offer many advantages. To illustrate, consider the fact that Microsoft donated more than $1 billion (!) to charitable causes in 2015. Beyond the benefits for society, companies such as Microsoft benefit from their CSR engagement themselves: Many studies show that customers feel a […]

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    Firms benefit when board directors have different nationalities

Firms benefit when board directors have different nationalities

Despite the increasing prevalence of diversity on corporate boards, there is still not much clarity on a firm’s motives to recruit directors from diverse nationality backgrounds. This is particularly important as a large number of UK- and US-based listed firms regularly employ foreign nationality directors on their boards. We know from the literature that significant variations exist between national-level […]

There’s a wage hierarchy based on sexual orientation

It is now well accepted that gender is a major source of differentiation in the labour market. On average women earn less than men, even when they have similar education, and work full-time and in identical occupations. Until recently, little information was available on how sexual orientation factored into people’s work experiences. The availability of new data has allowed […]

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    As a leading global city, London needs to meet its challenges

As a leading global city, London needs to meet its challenges

Recently the Economist wrote a piece exploring the rise of London. It was interesting for its comparison with New York, both in terms of the proportion of the population who reside there, and the proportion of the economic activity that takes place there. The general thesis was that whilst London was undoubtedly huge, when compared with New York, it should quite […]

Unfinished Business: Women Men Work Family – Book Review

Unfinished Business: Women Men Work Family. Anne-Marie Slaughter. One World Publications. 2015.
‘It’s such a pity you had to leave Washington.’
The opening sentence to Anne-Marie Slaughter’s Unfinished Business: Women Men Work Family, these words were spoken when Slaughter was director of policy planning for the US state department working under then-Secretary of State, Hilary Clinton. The first woman to hold […]

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    Quantitative easing: To deal with the root of the problem, the ECB should tackle non-performing loans

Quantitative easing: To deal with the root of the problem, the ECB should tackle non-performing loans

There were high expectations that during the 10 March 2016, the ECB’s Governing Council would extend its Quantitative Easing Programme. ECB chief Mario Draghi has in the past reiterated his readiness to adopt additional measures should the inflationary objectives not be reached by the upcoming meeting. With the Euro Area core inflation rate well below one percent, further monetary […]

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    Tax relief for Research and Development is a rare example of an innovation policy that actually works

Tax relief for Research and Development is a rare example of an innovation policy that actually works

The problem

In recent decades, many countries have increased the tax support they provide for research and development (R&D). The traditional model of funding has been to have government bureaucrats sifting through project proposals and then deciding which are the most deserving. An alternative is to let firms decide where to put their research money and simply treat R&D more […]

CEO pay packages are based on old, out-of-date assumptions

According to the popular French economist Thomas Piketty, one of the main factors contributing to the growing inequality in the western world is inflated rates of executive pay.

Whilst executive pay is frequently the subject of furious political and ethical debate, it too remains a difficult topic for the organisations employing top managers. Despite the fact that it would certainly […]

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    Interested in reviewing new books on the world of business and work?

Interested in reviewing new books on the world of business and work?

 

LSE Review of Books is expanding its coverage, and has now added business books to its offerings. This is a great opportunity for anyone who loves books and has an interest in the world of work and business. If you meet at least one of the criteria below and would like to review one of these books, please write […]

March 11th, 2016|Book Review|0 Comments|
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    Company news affects the way in which a stock’s returns co-move with those of other firms

Company news affects the way in which a stock’s returns co-move with those of other firms

It is well known that the release of new information about a firm affects its stock price, as investors update their expectations about the firm’s fundamentals and future profitability. For example, unexpectedly good earnings news cause price increases, while negative surprises cause drops in prices. However, little is known about the impact of news on the co-variance structure of […]

Why are house prices in London so high?

House prices in the South East of England would have been roughly 25 percent lower in 2008 and perhaps 30 percent lower in 2015 if the region had planning regulations of similar restrictiveness as the North East of England. That is one of the findings of our new research paper. Real house prices – but not real incomes – have […]

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    Lay-offs hurt the well-being even of those who keep their jobs

Lay-offs hurt the well-being even of those who keep their jobs

In modern workplaces, employers seek more flexibility in their management practices than before. This involves decisions concerning the number and composition of personnel, job design, productivity, and profit. Those concerned over employees health and well-being have set their eyes on organisational downsizing and questioned whether such practices are affecting employees’ health and well-being.

When organisations downsize, those who lose their […]

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    Workplaces are moving from facilities management to hospitality design

Workplaces are moving from facilities management to hospitality design

We first started writing about the rise of ‘Bleisure’ (the convergence of business and leisure) back in 2009 at The Future Laboratory, and since then we’ve seen the boundaries between work and play dissolve drastically. ‘We’re seeing workplaces that are more intelligent, connected and human-orientated – a move from facilities management to hospitality’ explains Jeremy Myerson, co-founder, Helen Hamlyn […]

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    To improve women’s representation in business leadership, bring men on board

To improve women’s representation in business leadership, bring men on board

It’s no secret that men rule the boardrooms of the world—holding 88% of board seats worldwide and 92% of CEO positions.

Yet, research shows that gender diversity in business leadership is known to bring fresh thinking, more creativity and better decision making, as well as increased competitiveness and financial performance.  To succeed, companies must have the best pool of talent […]

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    You can’t deny message encryption to some individuals without denying it to all

You can’t deny message encryption to some individuals without denying it to all

Some of the more dramatic headlines surrounding the new surveillance law, the Investigatory Powers Bill (‘IP Bill’) which is currently making its way through parliament, have surrounded its impact on popular messaging apps such as WhatsApp, Apple’s iMessage and many more. Will the IP Bill ‘ban’ what is generally known as ‘end-to-end encryption’, where the content of a message […]

Does CSR create shareholder wealth?

Due to increasing pressures on organisations to behave in socially responsible ways, corporate social responsibility (CSR) is becoming a “must have” component of corporate strategy. This is a good development for the society at large as the massive rate of industrialization in the last century has placed a heightened burden on the limited resources our planet has to offer. […]