Monthly Archives: August 2016

  • CSR
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    Firms adopt corporate social responsibility for complex reasons

Firms adopt corporate social responsibility for complex reasons

The traditional perspective for engaging in corporate social responsibility (CSR) assumes that early adopters are more authentic than late adopters.  Why? Those that fear their operations aren’t CSR friendly take longer to bend to the will of external stakeholders, and report later. On the other hand, “best practice” organisations release CSR reports in advance of stakeholder expectations, taking advantage […]

  • girls in tech
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    Are the days of leadership as command and control by white men numbered?

Are the days of leadership as command and control by white men numbered?

As my train rolls through the stunning Swiss landscape, I find myself distracted by three young women talking animatedly about coding, where they might do their PhDs and whether they might prefer to work in academia, banking or high tech. They’re on their way to a Nanobiotech conference while I’m on my way to an event on how men […]

The commodity price rout and Africa’s unusual electoral cycle

The ongoing electoral cycle in Sub-Saharan Africa is turning out to be somewhat unusual. In the Nigeria March 2015 poll, the People’s Democratic Party suffered its first loss since the end of military rule in 1999, whilst in South Africa’s August 2016 municipal election the ruling Africa National Congress (ANC) registered its worst performance since the end of apartheid […]

Why Bretton Woods nostalgia makes no sense

Although economic theory is still inconclusive as to the exact effect of integration on the properties of business cycle co-movement, a number of empirical contributions have argued that intense trade and financial integration is associated with a stronger degree of business cycle synchronisation. A corollary of this view is that the Bretton Woods era – a period during which […]

  • Happiness-Explained-Image-1
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    Happiness Explained: What Human Flourishing Is and How We Can Promote It – Book Review

Happiness Explained: What Human Flourishing Is and How We Can Promote It – Book Review

Happiness Explained: What Human Flourishing Is and How We Can Promote It. Paul Anand. Oxford University Press. 2016.

Find this book: 

Happiness policy has been on a seemingly irresistible march towards the mainstream. What began as think-tankers and academics swapping anecdotes about wellbeing in Nordic countries and Bhutan’s measure of ‘Gross National Happiness’ has matured to the point where the United […]

Success isn’t just about salary and title

The way social mobility is currently understood is leading us down an economic and social cul-de-sac. New research released by Professor John Goldthorpe showed that social mobility in this country stalled in the latter part of the 20th century and earlier part of the 21st. This builds on work released this year by the Sutton Trust showing unequal access […]

  • financial cycles
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    New evidence shows the characteristics of financial cycles

New evidence shows the characteristics of financial cycles

Financial cycles are on average twice as long as business cycles. At the same time, there is substantial heterogeneity of national cycles across G-7 countries, ranging from very similar financial and business cycles in Germany to markedly different cycles in the United States and Italy.

We conclude that policies targeting financial cycles (such as countercyclical macroprudential policies) can act as […]

  • fear of failure
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    Fear of failure may inhibit entrepreneurs, but may also drive them to work harder

Fear of failure may inhibit entrepreneurs, but may also drive them to work harder

“Let fear once get possession of the soul, and it does not readily yield its place to another sentiment.” —  Sebastopol, Leo Tolstoy

Expressing one’s fears may indicate weakness and might even be considered a taboo subject, especially in the sometimes rather ‘macho’ world of entrepreneurship. Even for scholars of motivation, fear of failure has never received as much attention […]

  • Frankfurt.Bankenviertel
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    Euro zone crisis and climate change: Addressing two targets with one instrument

Euro zone crisis and climate change: Addressing two targets with one instrument

The threat of climate change requires a transition of society away from fossil fuels towards renewable energies. Such transition cannot be achieved in a context of economic stagnation. The deplorable state of the European economy is the direct consequence not of the financial crisis of 2008/09, but of the seemingly unsolvable euro zone crisis. This places the long-term challenge […]

  • ECB Headquarters
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    ECB money and credit data releases help markets improve rate expectations

ECB money and credit data releases help markets improve rate expectations

Monetary and credit data released by the European Central Bank (ECB), not just official communications and inflation and output projections, help markets to predict future interest rate moves. The ECB is one of the few central banks to emphasise the importance of its monetary analysis as a cross-check of its economic analysis. With the exception of the early years […]

A globalised economy requires a globally savvy workforce

With one deal, MetLife bought itself a great opportunity – and a significant problem. When the U.S. insurance giant acquired American Life Insurance Co. in 2010, it instantly enhanced its position as a global force in its industry. The company’s international presence rose from 17 countries to 64, with new operations reaching from Egypt to Lebanon to Nepal. But MetLife’s […]

  • Steve Jobs
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    Innovations are rarely (if ever) the product of a single individual

Innovations are rarely (if ever) the product of a single individual

We grow up learning about great inventions and scientific discoveries in history. Chances are, it won’t take you more than a few seconds to name the discoverer of penicillin, the formulator of the theory of evolution by natural selection, or the inventor of the telephone. These “lone geniuses” changed history through their individual brilliance, creativity, and tenacity. Right?

Not exactly. For […]

  • employee voice
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    The HR literature won’t give you a complete picture of employee voice

The HR literature won’t give you a complete picture of employee voice

For many years, Employment Relations scholars (with whom we identify) adopted the view articulated by Freeman and Medoff (1984) that collective mechanisms of employee voice could channel worker discontent so as to reduce the desire of dissatisfied workers to exit. They saw trade unions as the best agents to provide such voice, as they were formally independent of the […]

Low volatility makes a financial crisis more likely

Received wisdom maintains that financial market volatility has a direct impact on the likelihood of a financial crisis. Perhaps the best expression of this is Hyman Minsky’s (1992) hypothesis that economic agents observing low financial risk are induced to increase risk-taking, which in turn may lead to a crisis. This is the foundation of his famous statement that ‘stability […]

The Closing of the Net – Book Review

The Closing of the Net. Monica Horten. Polity. 2016.

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Monica Horten’s The Closing of the Net is a factually dense but eminently readable introduction to the issue of corporate structural power over the modern internet. Focusing on the way that political issues and events affect how the internet works for the individual, The Closing of the Net pairs […]

Inside the mindset of NHS managers

The publicly funded, free at the point of use NHS has been described as the UK’s ‘national religion’. Its significance in our national consciousness underlined by its prominence in the opening ceremony of the 2012 London Olympics. Even Mrs Thatcher – whose government enthusiastically privatised many public enterprises such as telephones and utilities – maintained a rhetorical commitment to its […]

August 20th, 2016|NHS, Pauline Allen|0 Comments|
  • factory
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    Most multinationals use unaffiliated suppliers in their supply chains

Most multinationals use unaffiliated suppliers in their supply chains

The global nature of supply chains has rapidly come to dominate international trade. This column presents new evidence on production fragmentation and intra-firm trade. For US corporations, cross-country shipments of goods between units of the corporation are rare, despite the fact that most US manufacturing parents own foreign affiliates in upstream or downstream industries.

In 1997, the chipmaker Intel invested […]

  • Blue area
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    Well-managed Pakistani firms are more capital- intensive and more likely to export

Well-managed Pakistani firms are more capital- intensive and more likely to export

The causes and consequences of the vast differences in productivity within and across countries have been the subject of research for decades. Recently, economists have woken up to the important role of management practices in firms to explain these differences. Working with the State Bank of Pakistan and the Pakistan Bureau of Statistics, we have conducted what is to […]

  • Sentiment analysis
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    Businesses can no longer ignore social media sentiment analysis

Businesses can no longer ignore social media sentiment analysis

In February 2015, Bridgewater Associates, a $165 billion hedge fund founded by billionaire investor Ray Dalio, contacted a number of artificial intelligence (AI) programmers. He offered them an opportunity to join David Ferrucci, who came to Bridgewater at the end of 2012 after leading the Semantic Analysis and Integration Department at IBM’s T.J. Watson’s Research Center for a number […]

When it’s not your job to be friendly with clients

Customer service outrage. The phrase instantly conjures up stories of customers being ripped off, mistreated and rudely dismissed by sales staff. Yet we rarely stop to consider a different side to the story and examine the experiences of the thousands of workers in retail and hospitality, who deal with offensive, intimidating and humiliating treatment from customers on a daily […]