Monthly Archives: October 2016

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    Measuring social impact is complicated and may create dysfunctional incentives

Measuring social impact is complicated and may create dysfunctional incentives

Home, by George Hodan, Public Domain
Increasingly, people who work for the good of humanity speak the language of business (G8, 2014). Social impact reporting has become best practice for many social enterprises, which use metrics such as ‘social return on investment’ as a means of quantifying their success. ‘Social impact’ can be seen as the social sector analogue of ‘profit’ in […]

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    Why do 16% of the world’s adults dream of moving to another country permanently?

Why do 16% of the world’s adults dream of moving to another country permanently?

Times Square, by m01229, under a CC-BY-2.0 licence
In 2009, a Gallup survey found that about 16 per cent of the world’s adult population would like to permanently migrate to another country. International migration of such magnitude may have far-reaching consequences for sending and destination countries. For instance, between destination countries it may induce competition for talent, i.e. high-skill migrants, in order to […]

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    In Italy’s ‘male gerontocracy’, gender quotas induced the restructuring of company boards

In Italy’s ‘male gerontocracy’, gender quotas induced the restructuring of company boards

Fontana di Trevi, Rome, by Giorgio Galeotti, under a CC-BY-2.o licence
Women are underrepresented among top leadership positions everywhere. Gender quotas have been proposed to accelerate the process towards economic gender equality and to promote women’s empowerment. Norway pioneered the introduction of gender quotas for boards of directors in 2005, followed by Italy in 2011 and, more recently, by France and […]

October 18th, 2016|Gender, Paola Profeta|0 Comments|
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    New immigrants don’t affect the job prospects of UK-born workers

New immigrants don’t affect the job prospects of UK-born workers

Barista smiling at counter, by mendhak, under a CC-BY-SA-2.0 licence
Membership of the European Union (EU) has direct effects on the UK labour market via the free movement of labour and the contribution of immigration to GDP, the fiscal budget and productivity. It also has indirect effects via the impact of trade flows and foreign direct investment on aggregate economic activity.
But […]

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    Alienated, under pressure and target driven: Why we need to make friends at work

Alienated, under pressure and target driven: Why we need to make friends at work

Support, by Ondřej Lipár, under a CC-BY-SA-2.0 licence

“Attachment is a deep and enduring emotional bond that connects one person to another across time and space”  (John Bowlby, Attachment & Loss 1969)

The book Intelligent Kindness describes workplace dysfunction when it interrogates the consequence of alienated, highly pressurised and target-driven workers. The book was concerned with the evasion of political, moral and ethical […]

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    A proposal to help make credit ratings as accurate as possible

A proposal to help make credit ratings as accurate as possible

Fitch Ratings, by Solvency II Wire, under a CC-BY-2.0 licence
In a recently published article, we propose the introduction of a tailored liability regime to induce credit rating agencies (CRAs) to produce ratings as accurate as the available forecasting technology allows.

In a nutshell, credit rating agencies issue judgements on the quality of financial assets reducing asymmetric information on financial markets. In the recent […]

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    The Wanda Way: The Managerial Philosophy and Values of One of China’s Largest Companies – Book Review

The Wanda Way: The Managerial Philosophy and Values of One of China’s Largest Companies – Book Review

The Wanda Way: The Managerial Philosophy and Values of One of China’s Largest Companies. Wang Jianlin. LID Publishing. 2016.

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In the extensive literature dealing with capitalist economic agents, it is common to observe the importance given to the figure of the entrepreneur. J.A. Schumpeter addressed the innovative entrepreneur figure and its contribution to economic development, while John Maynard […]

Punishing Britain with a tough Brexit will harm everyone

Photo: Luca Viskardi via a CC-BY-SA 2.0 licence
Reconfiguring the relationship between the UK and the EU is a complex undertaking. Delays, procrastination and uncertainty are bad for both sides. We need a rapid decision on the fundamental issues at stake – and a decision by the EU to behave as constructively as possible toward the UK would be hugely beneficial.

It […]

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    Negative interest rates are an opportunity for the UK to invest in sustainable infrastructure

Negative interest rates are an opportunity for the UK to invest in sustainable infrastructure

London, by jo.sau, under a CC-BY-2.0 licence
The new UK Government under Prime Minister Theresa May has committed to boosting UK productivity and addressing the widening wealth gap. Achieving all this will require the right investments by both the public and private sectors at a time of heightened economic uncertainty.

The UK Government could improve economic growth by taking advantage of negative […]

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    How we behave when asked for donations while buying concert tickets online

How we behave when asked for donations while buying concert tickets online

Screen shot from the New York Metropolitan Opera’s website
People like to think about themselves in good terms. When asked for donations they have difficulty turning down the ask. Sometimes they engage in actions to avoid being asked in the first place. It reminds me of kids playing “If I Don’t See You, You Don’t See Me!” They pretend to […]

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    China’s highly successful demand for technology transfer in high-speed trains

China’s highly successful demand for technology transfer in high-speed trains

Chinese high-speed train, by Scott Meltzer, Public Domain
The rate of growth in technological innovations in China has increased significantly in the past two decades (see Figure 1). What’s more, it is widely believed that the ability to learn from foreign technology and chase the global technological frontier relatively quickly has been a key contributor to China’s growth miracle (Van […]

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    What employees see as the motivations of HR management affects their wellbeing

What employees see as the motivations of HR management affects their wellbeing

Jordan Hall at the company meeting, by Infusionsoft Sales & Marketing Software for Small Businesses, under a CC-BY-SA-2.0 licence
Imagine that you’re chairing a very important meeting at work. You’ve invited your boss, two important clients, and your direct report, Sam. Sam flies into the meeting room approximately 25 minutes late. How do you react? Your initial response likely includes a […]

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    Integrating digital systems to help city residents plan seamless journeys

Integrating digital systems to help city residents plan seamless journeys

One thing I love about this city…, by torbakhopper, under a CC-BY-2.0 licence
The 21st century has seen a growing recognition of the importance of cities in the world: not only does over half of humanity live in cities, but cities contribute 60 per cent of global GDP, consume 75 per cent of the world’s resources and generate 75 per cent […]

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    Global debt is at a record high of 225 per cent of the world’s GDP

Global debt is at a record high of 225 per cent of the world’s GDP

Credit card, by Ed Ivanushkin, under a CC-BY-SA-2.0 licence
In the midst of the Great Depression, the American economist Irving Fisher warned of the dangers of excessive debt and the deflationary pressures that follow on its tail. He saw debt and deflation as the big, bad actors. Now, their close relatives — too high debt and too low inflation — are […]

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    How to foster collaborative leadership in the NHS target-driven culture

How to foster collaborative leadership in the NHS target-driven culture

Nurse jokes with patient, by NHS Employers, under a CC-BY-2.0 licence
NHS targets are a contentious, highly politicised, topic in the UK. Some claim they drive quality and achieve cost savings, whereas others vilify them for distorting clinical priorities and reducing the importance of compassionate care. The subject of much debate, cases where poor management of their achievement has led to […]

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    Foreign investment in critical areas like nuclear power need a formal vetting process

Foreign investment in critical areas like nuclear power need a formal vetting process

Hinkley Point A power station, by Rick Crowley, under a CC BY-SA 2.0 licence
One of the first decisions taken by Theresa May as prime minister was to delay deciding on the £18 billion Hinkley Point nuclear power project. Because it was a centrepiece project as part of former chancellor George Osborne’s “Golden Age” of closer bilateral ties with China, the […]

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    Poor working conditions affect mental health workers’ state of mind

Poor working conditions affect mental health workers’ state of mind

Tunnel, by tresdetres, under a CC0 licence
Today celebrates World Mental Health day – another barometer of public attitudes towards mental health. Even over the last twelve months we have seen a rise in the public appetite to engage with and understand the growing mental health crisis. For those of us who work in mental health the changing climate is […]

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    In business, as in government, direct democracy is not possible

In business, as in government, direct democracy is not possible

Photo by David Shankbone, own work, CC BY 3.0, Wikimedia Commons
One of the mad ideas that seems to have been unchallenged during the recent referendum is that a referendum is democratic. The recent referendum demonstrates that the pressure from his own party to take a lead on Europe was too much for Mr Cameron, who passed the decision back to […]

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    The International Politics of Fashion: Being Fab in a Dangerous World – Book Review

The International Politics of Fashion: Being Fab in a Dangerous World – Book Review

The International Politics of Fashion: Being Fab in a Dangerous World. Andreas Behnke (ed.). Routledge. 2016.
Towards an International Politics of Fashion

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When we look at the global political economy, our attention is often drawn to the practices of global corporations, especially across their supply chains. Problems in these often become newsworthy, and two industries are frequently the focus […]

Why the future of the euro remains uncertain

Safety net, by /\ \/\/ /\, under a CC-BY-SA-2.0 licence
The Euro crisis, which first peaked in 2010 and continues to haunt the Eurozone today, has been the most serious economic crisis in the history of the European Union. In fact, taken together, the global financial crisis and the Eurozone crisis have by now caused more lasting economic damage in parts […]