Monthly Archives: January 2020

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    Public investment in defence research can increase business innovation

Public investment in defence research can increase business innovation

Government funding for innovation related to military uses represents a key channel through which governments all over the world shape innovation. In the US, for example, annual government defence-related research and development (R&D) expenditures were $78 billion in 2016, over 57% of all government-funded R&D (Congressional Research Service, 2018). While defence-related R&D is motivated by goals that are not […]

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    As firms collect their data, employees learn to game the system

As firms collect their data, employees learn to game the system

Organisations are increasingly turning to ‘people analytics’ – using vast amounts of data about their employees – to gain insights into their workforce and introduce evidence-based decision-making. Companies hope to use measures such as clicks, views, interactions and many other online operations to accurately capture employee performance on top, or even instead of, traditional performance evaluation systems that are […]

Signalling sincerity in stakeholder capitalism

Milton Friedman versus Klaus Schwab – it was a battle between two world views. In 1970, Friedman wrote his seminal essay on the role of the firm effectively arguing that the “business of business is business” and that wider stakeholder considerations can be value-destructive. In 1973, Klaus Schwab’s Davos Manifesto argued that management must also serve employees and society, […]

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    Time off social media may leave you less informed but happier

Time off social media may leave you less informed but happier

Within the span of a decade, social media has woven its way deep into our lives. Many use it extensively – the average user spends more than two hours a day on social media – to connect and communicate with each other, to get information, and to entertain themselves. There may be no technology since television that has so […]

How our attachment style affects our job search behaviour 

In today’s labour market in the Netherlands people experience more job security than ever before. It is however hard to get a permanent contract, and people have to apply more often during their career. For many people, applying for a new job is a difficult process. It is a dynamic and complex situation that requires exploring new environments, learning […]

January 13th, 2020|Career & Success|0 Comments|
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    Mean Girl: Ayn Rand and the Culture of Greed – Book Review

Mean Girl: Ayn Rand and the Culture of Greed – Book Review

Mean Girl: Ayn Rand and the Culture of Greed. Lisa Duggan. University of California Press. 2019.

In 1905, Alissa Zinovievna Rosenbaum was born into a middle-class Jewish family in St. Petersburg, Russia. While Rosenbaum lived a relatively comfortable life financially until her teens, it is important to acknowledge that she grew up in what Anne C. Heller has described as […]

January 12th, 2020|Book Review|1 Comment|

Christine Lagarde has her work cut out for her

Christine Lagarde’s reign at the European Central Bank (ECB) has heralded a shift not in the monetary policy field, but mainly in terms of communication, at least judging from her first press conference in December. She is not Mario Draghi or Jean-Claude Trichet, her predecessors, and she wants to affirm her own different style as President. “Each and every […]

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    There is a ‘good’ reason for EU banks to hold their own country’s sovereign debt

There is a ‘good’ reason for EU banks to hold their own country’s sovereign debt

Is it possible to attribute the banks’ home bias in sovereign exposure to something beyond their externally-imposed (such as moral suasion) or internally-distorted (such as risk-shifting) incentives? Despite the so-called doom loop between the two, could the relationship of banks with their domestic governments have an underexplored silver lining?

These are the questions I pursue in a recent paper. By […]

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    Highly skilled workers are not the only ones who receive a wage premium from innovation

Highly skilled workers are not the only ones who receive a wage premium from innovation

Innovative firms pay workers more than others do. This fact is well known from endogenous growth theories, which state that as technology advances, innovative firms should get more rents, which should translate into higher wages. Empirically in the UK over the period 2004-2016, an average worker in a non-innovative firm was paid about 20 per cent less than an […]

January 9th, 2020|Economics|0 Comments|
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    What leads financial and non-financial firms to adopt corporate social responsibility?

What leads financial and non-financial firms to adopt corporate social responsibility?

In an era when the voice of customers, environmentalists and other interest groups is getting stronger and stronger, corporate social responsibility (CSR) is increasingly adopted by firms and other organisations as a strategy to reduce business risks and achieve results that satisfy both shareholders and stakeholders.

CSR is associated with a large number of related concepts such as business ethics, […]

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    How the bystander effect can explain inaction towards global warming

How the bystander effect can explain inaction towards global warming

Not too long ago, I was preparing a lecture about group dynamics for my students at Delft University of Technology. One of the dynamics I wanted to introduce was the bystander effect. The bystander effect refers to the phenomenon that an individual’s likelihood of offering help in a critical situation decreases when passive bystanders are present (e.g., Darley & […]

January 7th, 2020|Environment|2 Comments|

The need for privacy versus the urge to reveal the self

Social interaction and communication are key elements of our society. Individuals reveal personal information about themselves to others — for instance with a view to deepening a relationship. Since nowadays, social relationships are oftentimes maintained via social networking sites, instant messengers, or other social media platforms, personal disclosures can reach larger audiences than originally intended and put people in […]

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    Ten of the best books of 2019 recommended by LSE blog editors

Ten of the best books of 2019 recommended by LSE blog editors

Many of the LSE blogs regularly feature book reviews of the latest publications emerging across the social sciences. But which books have LSE blog editors been enjoying in 2019? In this list, five LSE blog editors recommend their favourite reads of the year.

Much of my work involves thinking about Brexit, which can be unhealthy. The fact that so much […]

January 5th, 2020|Book Review|0 Comments|
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    The sceptical turn in the US inequality literature: what The Economist overlooked

The sceptical turn in the US inequality literature: what The Economist overlooked

The Economist’s recent briefing “Measuring the 1%: Economists are Rethinking the Numbers on Inequality” has caused a stir amongst inequality scholars. The report, published at the end of November 2019, suggests that new US research has refuted the widely held view that economic inequality has been rising in recent decades. Researchers at LSE’s International Inequalities Institute disagreed with their take, so we […]

January 4th, 2020|Economics|0 Comments|
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    What happens when we find out how much everyone else is making?

What happens when we find out how much everyone else is making?

Technological advances have made it possible for everyone to know potentially everything about everyone else. Sci-fi shows such as Netflix’s Black Mirror imagine dystopian scenarios that could result from these new technologies. In the real world, social media is already allowing individuals to disclose details about their personal lives with strangers. This technological change has sparked a policy debate […]