Monthly Archives: August 2016

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    Should auditors be reviewed by peers or should the state do it?

Should auditors be reviewed by peers or should the state do it?

Financial reporting and auditing are vital elements for global capital markets. The confidence in the financial market’s efficiency is bolstered by the trust placed in auditing being able to operate as an external controlling function, something that has led to the audit profession being perceived as the “guardians of truth in markets”. However, concerns over the guardians’ trustworthiness are […]

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    Africa’s Nile basin countries should invest in rain, not big infrastructure projects

Africa’s Nile basin countries should invest in rain, not big infrastructure projects

Last month the The African Ministers’ Council on Water (AMCOW) and over 1000 experts gathered in Dar es Salaam during the Africa Water Week to discuss new pathways for development and increased investment in water infrastructure. The challenges are huge; the El Nino of last year showed the exposure of African economies to the vagaries of weather. Climate change […]

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    The Business of Bees: An Integrated Approach to Bee Decline and Corporate Responsibility – Book Review

The Business of Bees: An Integrated Approach to Bee Decline and Corporate Responsibility – Book Review

The Business of Bees: An Integrated Approach to Bee Decline and Corporate Responsibility. Jill Atkins and Barry Atkins (eds). Greenleaf Publishing. 2016.

Readers can use the code BEES10 to obtain a 10% discount on The Business of Bees on Greenleaf Publishing’s website.

Last winter LSE Bees lost one of its five precious honeybee colonies. Unfortunately, this was not an isolated incident, […]

The reasons behind Brexit – notes from a derided expert

There are multiple reasons for the Brexit vote, but by far the most important one can be summarised in a single word: immigration. In the last few weeks before the vote, the Leave campaign was ruthless in focusing on our fears of foreigners. Sadly, with the exception of London, this has been shown time and time again to be a great vote […]

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    Small and medium firms hold back the investment recovery in the euro area

Small and medium firms hold back the investment recovery in the euro area

Small businesses could be the lifeblood of Europe’s economy, but their size and high debt are two of the factors holding back the investment recovery in the euro area. The solution partly lies in policies to help firms grow and reduce debt.

Our new study, part of the IMF’s annual economic health check of the euro area, takes a novel bottom-up […]

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    Fresh thinking and innovations are rejuvenating the insurance industry

Fresh thinking and innovations are rejuvenating the insurance industry

Non-specialists rarely think about insurance in their day-to-day life. Most people don’t interact much with their insurer, unless they have a claim — the industry actually has one of the fewest annual customer touchpoints.

Yet, insurance is one of the largest industries in the world, with global annual revenues north of $4.75 trillion, including more than $1 trillion in the […]

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    Traditional targets and bonuses often don’t improve performance in an organisation

Traditional targets and bonuses often don’t improve performance in an organisation

Why do leadership seminars only use the colours blue, black, and grey? Why do business people walk around in darkly coloured suits and ties? Why do all management book covers look so bland and depressing?

Where is the pink in management?

I have managed organizations for 20 years. In the beginning, I had no clue how to do this. I was […]

Why pay packages based on fair criteria matter

 

Happiness has a large relational (or relative) component. The amount of utility an individual derives from, say, an annual salary of $V depends, in part, on how $V compares to the salary $X received by a referent other (for example, a co-worker [Bruce Kaufman, 1999]

Overview

Let us start with the premise that what workers say and feel actually matters. In […]

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    Does special treatment in trade benefit developing countries?

Does special treatment in trade benefit developing countries?

At the launch of the Doha Round, ministers of the World Trade Organization (WTO) stated that a central goal of the negotiations was “to improve the trading prospects [and to] ensure that developing countries […] secure a share in the growth of world trade commensurate with the needs of their economic development.” Fifteen years later, the Doha Round has […]

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    The 2012 Olympics made Londoners happy, but was it worth it?

The 2012 Olympics made Londoners happy, but was it worth it?

The 2012 Olympic Games caused a marked increase in happiness among Londoners, according to our research, which shows for the first time that there are significant intangible effects to hosting the event.

As the 28th summer Games open in Rio de Janeiro this week, the $4.1 billion bill will be relatively modest compared to the $15 billion spent in London. However, […]

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    When players change teams, they fight harder against their former employer

When players change teams, they fight harder against their former employer

How do individuals behave when they have to compete against their former employer and colleagues? As the rate of employee mobility is steadily increasing over the last decades an impressive body of research has studied the performance implications of employee mobility. Most studies conclude that hiring individuals from rivals is beneficial for the performance of the hiring firm. The […]

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    2016 Olympics reading list: Brazilian politics, history and culture

2016 Olympics reading list: Brazilian politics, history and culture

The 2016 Rio Olympics officially opened on Friday and runs from 5 August – 21 August 2016. To mark the occasion, LSE Review of Books recommends seven reads that explore the culture, politics, history and economics of Brazil. We also offer a bookshop guide to Rio and São Paulo and showcase three award-winning podcasts from the 2014 LSE Review of […]

August 7th, 2016|Book Review|0 Comments|

Can technology save the NHS?

The NHS is buckling: the scale of the funding challenge is colossal, the service is under unprecedented strain and it is struggling to keep pace with relentlessly rising demand. So says the Commons Health Committee in its recent report into the impact of the 2016 Spending Review on health and social care. Things will only get worse post-Brexit – […]

August 6th, 2016|Bob Hudson, NHS|0 Comments|
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    What kind of relationship with the EU is best for the UK economy post-Brexit?

What kind of relationship with the EU is best for the UK economy post-Brexit?

The UK has voted to leave the EU, but not in favour of any specific alternative to EU membership. This poses a challenge for UK policy makers and the new Prime Minister Theresa May. What should the UK’s relations with the EU be, following Brexit?

It is naïve to expect economic considerations will be the only factor that determines what […]

In the skies, under the radar

Paul Doersch sells commercial drones, and he is relentlessly bullish on his product. Drone technology is “here to stay,” and unmanned aerial vehicles – UAVs – will eventually become must-haves for endeavors ranging from building inspection to land mapping, says Doersch, president of California-based drone manufacturer Kespry.

Perhaps; but in the here and now, some of Kespry’s customers have been […]

To sell more guilty pleasures, tie it to a cause. It works.

 

Corporate Social Responsibility is the latest craze in marketing strategy, and often takes the form of companies donating a portion of their proceeds to select social causes. Companies work hard to identify partnerships that would benefit both them and the charities. But what is the trick to making such efforts effective?

I offer an answer to this question in a […]

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    Are academic economists out of touch with voters and politicians?

Are academic economists out of touch with voters and politicians?

Following the referendum decision for the UK to leave the European Union (EU), policy-makers in both the UK and the EU face will face some difficult choices. These choices are likely to have non-trivial and long-lasting consequences, and macroeconomists can offer guidance on their macroeconomic aspects. This raises questions not only about what macroeconomists can do to obtain a […]

Stop looking at her shoes!

Nineteenth century norms of respectability are alive and well for women elite leaders in the UK. Women leaders’ bodies and appearance are markers for their performance evaluations – both as credible leaders and as respectable women. This barrier, facing women at work, is not often talked about in organisations.

Respectable Business Femininity

Women in leadership face unique challenges relative to men. They […]

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    The UK’s digital identity system explores business applications

The UK’s digital identity system explores business applications

It all started just over five years ago (6 July 2011 to be precise) when I received an email from Bill McCluggage, then Director of ICT Strategy and Policy, inviting me to join a new group that would help ensure that the Cabinet Office’s new identity assurance programme would engage effectively with relevant stakeholders and “incorporate issues related to […]

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    Leaders pay a price when they mismanage employees’ negative feelings

Leaders pay a price when they mismanage employees’ negative feelings

Want to improve the quality of your relationships with your employees? Learn to manage their negative feelings. For example, what should you do when one of them wants to discuss an infuriating client interaction, a difficult co-worker, an anxiety-provoking deadline or even a distressing family situation?

In a recent study, we studied how supervisors manage their subordinate’s negative feelings (e.g., anger, fear, […]