LSE alumni

The Financial Conduct Authority asks robo-advisors for more

The UK’s financial regulator has recently reviewed the offerings of the ‘robo-advice’ sector. The results, whilst superficially not encouraging, suggest teething problems rather than deeper underlying issues. In the report released in May, the Financial Conduct Authority (FCA) noted that online discretionary investment managers were not communicating risk in a clear way, lacking transparency on pricing and failing to […]

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    Skilled migrants have higher earning potential in countries with more inequality

Skilled migrants have higher earning potential in countries with more inequality

Attracting and retaining high-skill individuals is vital for the development of knowledge-based economies, in which ideas drive technological progress. Understanding whether and why high-skilled individuals stay in a country or leave it is therefore crucial – for sending and receiving countries alike.

A very influential theoretical model of migrant selection (Borjas 1987, building on Roy 1951) predicts that migrants to […]

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    Blockchain can help mitigate investment risk for the pharmaceutical industry

Blockchain can help mitigate investment risk for the pharmaceutical industry

Have you ever paid attention to the time, effort and business risk it takes to invest in new drug research and getting that drug into to the market?

It takes two to five years to come up with a new drug concept – and even longer to transform it into a lead drug candidate. It takes another two years to […]

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    Disruptive trade technologies will usher in the ‘internet of rules’

Disruptive trade technologies will usher in the ‘internet of rules’

Businesses, especially micro, small and medium-sized enterprises (MSMEs), face many challenges in understanding and complying with international commercial rules and regulations. Research also indicates low utilisation of eligible tariff preferences, or favourable tax rules, by traders. In other words, many businesses do not always effectively benefit from their negotiated market advantages. Unfortunately, the current “version history” (or stage in the […]

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    The Airbus case sits at the heart of the Brexit industrial equation

The Airbus case sits at the heart of the Brexit industrial equation

While an agreement on Brexit negotiations is far from being reached between the United Kingdom and the European Union, Brussels seems to be taking an even more aggressive stance. It recently announced its will to kick Britain out of the Galileo project after it leaves the EU. This programme is aimed at creating a global navigation satellite system for […]

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    The rise of the regulator may lead to trouble for the blockchain

The rise of the regulator may lead to trouble for the blockchain

In 2018, regulation forms an increasingly important part of our lives. The popular media and the political sphere are increasingly in favour of more regulation – and I think we can agree that it’s rare but interesting to see the press take a pro-red tape stance. This perceived need for increased regulation is due to the fact that in […]

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    The multiplier effect of the German government move to Berlin

The multiplier effect of the German government move to Berlin

Spatial inequality is central when analysing economic performance across regions and countries. Governments worry about wealth and prosperity concentrated in a few ‘lucky’ areas. In the UK, the dominant position of London and the absence of a sizeable contender fuels the debate on geographical rebalancing. In Denmark, the government is currently expanding a relocation policy (started two years ago) […]

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    Unpicking complex incentive mechanisms that reward top managers handsomely

Unpicking complex incentive mechanisms that reward top managers handsomely

One distinct feature of the rise in income inequality over recent decades is the surging incomes of the working rich, particularly the pay of a class of top managers. A popular view stresses the role of performance-related pay in generating this feature. According to this view, the pay of many top managers is high-powered (i.e., with incentives tied to firm […]

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    How Lübeck faded, while Hamburg survived trade disruption from the Dutch

How Lübeck faded, while Hamburg survived trade disruption from the Dutch

The cities of Hamburg and Lübeck have an interwoven and eventful history. Whereas Lübeck offers an example of how dominant cities may become unattractive and decline when they end up serving the interests of a privileged few and refuse to change, Hamburg serves as a tale of how cities can reinvent themselves by changing with the times. The cities, in the […]

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    Business of war: contractors acted as the hidden wiring of the British army in the 1700s

Business of war: contractors acted as the hidden wiring of the British army in the 1700s

Today we are accustomed to hearing of defence contractors playing a vital non-combatant role in warfare. While residual suspicions of fraud and corruption are often raised in areas where public service sits uneasily alongside private business interests, we now like to think that stricter regulation ensures greater transparency, accountability, and economy. It was not always thus. In the eighteenth […]

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    FTSE100 gender balance: Why ‘best practices’ may be counter-productive

FTSE100 gender balance: Why ‘best practices’ may be counter-productive

The 2017 Hampton-Alexander Review was released this month, charged with improving gender balance in the leadership of companies represented in the FTSE index. It celebrates that female representation in the boardrooms of the FTSE100 has risen from 12.5 per cent in 2011 to 27.7 per cent today, but it also laments stalling progress and issues a rallying cry for […]

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    Naming a firm after its owner is risky, but can pay off handsomely

Naming a firm after its owner is risky, but can pay off handsomely

There’s one choice every business, large and small, must make: what to name itself. It appears that more talented and confident entrepreneurs are more likely to name their firms after themselves, self-selecting into a group taking a risky approach, but one that can pay off handsomely.

We found entrepreneurs who name their firms after themselves are sending a powerful signal […]

Apps like Tinder commodify the intangible

“One of the most basic processes in higher brains is the ability to carry out perceptual categorization – to ‘make sense’ of the world,” stated neuroscientist Gerald Edelman, in his neuroscientific analysis of consciousness. So what happens when the world becomes too noisy to make sense of?

As part of a small-scale MSc research project, I investigated young adults’ conceptualisations […]

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    Could the EU’s new data regulation be the catalyst for a more ethical social media?

Could the EU’s new data regulation be the catalyst for a more ethical social media?

The European Union’s General Data Protection Regulation (GDPR) comes into effect May, 2018. Every firm, irrespective of its physical location, interacting with EU citizens, will need to make changes to oversight, systems and processes to comply with the new rules.

Little known and even less discussed, the GDPR is the most important change in how we are store and process […]

How to reduce burnout in the workplace

A striking work-related problem which continues to stimulate the interest of academics and practitioners alike is the rise in burnout among the working population. Burnout refers to a situation in which employees are emotionally exhausted (drained and lacking energy,) and depersonalised, that is, they have developed a cynical attitude towards their job and the people associated with it — […]

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    Purpose and trust are valuable antidotes to relationship conflict at work

Purpose and trust are valuable antidotes to relationship conflict at work

How do we improve performance? Do we cut costs and focus on efficiency? Invest in sales, technology or marketing? Should we develop our existing product suite or start from scratch on something new? Do we grow local market share or explore uncharted territories?

We need to prioritise our outcomes and allocate our resources as a leadership team. This is task […]

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    Companies should promote online knowledge exchange among employees

Companies should promote online knowledge exchange among employees

It’s 10a.m in London, and while sipping on your morning coffee, you’ve connected with the team in Hamburg, put queries to colleagues in the Middle East, and checked in with Hong Kong. In just a few hours, your inbox will be brimming with “howdy’s” from the other side of the Atlantic as the New York office wakes up.

Connecting with […]

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    The UK should emulate a US programme that made women’s participation in sport explode

The UK should emulate a US programme that made women’s participation in sport explode

Few in the UK would know the term ‘Title IX’ and yet it is one of the most important pieces of anti-discrimination legislation in United States. Passed in 1972, it mandated that no person, regardless of sex, can be denied access to any education program or activity receiving Federal financial assistance. Specifically, it dictated that every dollar allocated for […]

The growing inequality between firms

Some firms pay well while others don’t; and some are highly productive while many aren’t. Our latest research report analyses firm-level data on the increasing dispersion of wages and productivity in both the manufacturing and services sectors in 16 OECD countries: Australia, Austria, Belgium, Canada, Chile, Denmark, Finland, France, Hungary, Italy, Japan, Luxembourg, the Netherlands, Norway, New Zealand and […]

Seven signs of over-hyped Fintech

In 2015 Dan Davies wrote an excellent guide to Fintech business models (the “Fin”) that provided a very effective tool for looking beyond the hype. The other side of Fintech that the non-technologist (and even many experienced IT professionals) have trouble with is the actual “Tech”.  A great many people in finance have now reached the point where they […]