Monthly Archives: May 2020

The City – Book Review

The City. Robert E. Park and Ernest W. Burgess (with a new foreword by Robert J. Sampson). University of Chicago Press. 2019.

Every academic discipline has classic texts that introduce new perspectives or challenge dominant ideologies. These books are required reading for those who aspire to be experts in a particular field of study and serve as common currency when […]

May 17th, 2020|Book Review|0 Comments|
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    Post-pandemic reconstruction: Airbus can serve as an investment model for Europe

Post-pandemic reconstruction: Airbus can serve as an investment model for Europe

If the European Union is truly aiming at reconstruction, it would be better to quarrel less over the various forms of debt (be they the European Stability Mechanism or the Eurobonds) needed to increase liquidity, and instead think about investment plans.

More than half a century ago, Airbus started its business. The initiative came from the French and German governments, […]

Supply chains need to develop immunity to natural disasters

Let me introduce you to a new concept, “supply chain immunity”. Immunity, not resilience. Resilience is often one of the first things to emerge in any debate on how we arrived at the point in which we are today in the Covid-19 pandemic, especially as it applies to supply chain management. Supply chain resilience generally means the ability to […]

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    UK investment fund for high-growth firms is a step in the right direction

UK investment fund for high-growth firms is a step in the right direction

Support packages for innovative firms are emerging as second-wave policy tools during the Covid-19 crisis. Following similar efforts in France and Germany, the UK government unveiled a £1B support package for start-ups, scale-ups, and research and development firms on 20 April, after having launched its main business support programs in March.

The new UK support package includes a novel £250M […]

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    Management researchers and firm managers need to talk more with each other

Management researchers and firm managers need to talk more with each other

Let us clarify an important point right away. Management researchers and managers can greatly benefit from talking (more) with each other. For researchers, the benefits reside in access to data to either test or build theory, while managers can advance their organisations either through evidence-based recommendations or by inviting researchers to ask the right kind of question, perhaps even […]

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    Bank loss provisioning rules: a convenient scapegoat in the Covid-19 crisis?

Bank loss provisioning rules: a convenient scapegoat in the Covid-19 crisis?

As a consequence of the upcoming economic crisis triggered by the Covid-19 situation, US and European banks are expected to book more than $50bn of charges on bad loans in the first quarter of 2020. The accounting rules that dictate the way banks provision for loan losses are crucial because they directly affect the ability of banks to continue […]

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    Assessing Facebook profiles of job candidates: opening Pandora’s box

Assessing Facebook profiles of job candidates: opening Pandora’s box

Social media has changed many aspects of life. For instance, it has enabled friends to easily communicate with each other and helped governments share a variety of alerts, from weather emergencies to pandemics. However, the use of social media to evaluate job applicants has received very little attention. Understanding the use of social media in hiring is challenging because […]

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    The simplest way to unlock $4.65 trillion in liquidity for firms

The simplest way to unlock $4.65 trillion in liquidity for firms

Governments around the world are wondering how to expediently put money in the hands of the millions of firms struggling in the health crisis. Look no further: just pay your bills on time. If governments paid all receipts due to their contractors within 45 days, some $4.65 trillion in fresh liquidity would enter the private sector. To put this […]

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    The German court ruling against ECB asset purchases doesn’t make economic sense

The German court ruling against ECB asset purchases doesn’t make economic sense

On 5 May 2020, the German constitutional court ruled that the European Central Bank’s public sector purchase programme (PSPP), the main part of its quantitative easing, is overstepping the ECB’s competencies, in its current form. The effects of this decision on monetary policy will probably be minimal: the court decided that the decisions were not appropriately justified, so that […]

Inclusión virtual durante el cierre sanitario por Covid-19

En marzo de 2020, como parte de la respuesta a COVID-19, empresas en el reino unido hicieron la transición de espacios de trabajos físicos a virtuales, con el tiempo limitado para la planeación o sin él. Un patrón similar ocurrió alrededor del mundo con diferentes fechas de inicio. Hoy en día, la mayoría de organizaciones han avanzado más allá […]

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    The Covid crisis will delay but not derail the energy transition

The Covid crisis will delay but not derail the energy transition

The world is grappling with an unprecedented health crisis that has triggered the worst economic recession of the century. Be it manufacturing, supply chain, exports or project execution, the entire business ecosystem experienced a sudden collapse. Energy demand, which is directly linked to economic activity, also contracted. But not surprisingly, the great lockdown had a more dramatic impact on […]

Pandemics and big data tyrannies

Computer security threats can make the internet a dangerous place. Computer viruses (such as Stuxnet and CryptoLocker) can quickly spread throughout a network, infect your device, and take over your virtual identity. A virus can send emails on your behalf, make bank withdrawals, post a private picture on your favourite social media platform, or share your latest-greatest dance moves […]

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    Slipping Loose: The UK’s Long Drift Away from the European Union – Book Review

Slipping Loose: The UK’s Long Drift Away from the European Union – Book Review

Slipping Loose: The UK’s Long Drift Away from the European Union. Martin Westlake. Agenda. 2020.

The vote by the United Kingdom to leave the European Union on 23 June 2016 came as a shock to the global community – or so the story goes. But was the result truly a surprise, or was it a foregone conclusion? The rush to […]

May 10th, 2020|Book Review|0 Comments|
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    The density and connectedness of cities now appear as weaknesses

The density and connectedness of cities now appear as weaknesses

Globalisation, urbanisation and prosperity have been among the most notable trends of the post-war era. The world is becoming more connected, following technological advances which have made communication cheaper, faster and easier, as well as political advances which have created a fairly peaceful and democratic world order with close cooperation across national borders – nowhere more so than in […]

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    Entrepreneurs: how to change your business model in the pandemic

Entrepreneurs: how to change your business model in the pandemic

The Covid-19 pandemic is so disruptive that it is forcing ventures to experiment at an unprecedented rate and scale as we realise that what was recently essential is not now needed (think fitness centres, ride-sharing, and classrooms) and what was not needed before has become essential (think video sharing and drive-by diagnostics).

Given the massive discontinuities underway and yet to […]

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    Covid and climate – building a strong and sustainable recovery

Covid and climate – building a strong and sustainable recovery

The UK and the world have been transformed by the Covid crisis. Beyond its tragic human costs and loss of life, the pandemic and the necessary lockdowns have resulted in a sharp contraction of aggregate demand, supply disruptions, loss of revenues for many service sector businesses and unprecedented increases in unemployment.

The demand, output and employment impacts are expected to […]

How is Covid-19 affecting businesses in the UK?

The Covid-19 pandemic and lockdown have highlighted the need for real-time data to understand the spread of the disease, identify vulnerable groups and design policies to mitigate the health and economic fallout of the crisis. While several new efforts to collect individual data are being made (Adams et al., 2020), data on businesses is more limited.

A relatively under-utilised source […]

How we count the number of Covid-19 deaths matters

The number of Covid-19 deaths by country is widely used by governments and the media as a vital measure of the pandemic. A typical example is the slide below used for many weeks at the daily UK government briefings.
Figure 1. Global death comparison (UK government’s cabinet office briefing rooms chart)

Notes: Countries are aligned by stage of the outbreak. Day 0 […]

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    How incubators can facilitate serendipity for nascent entrepreneurs

How incubators can facilitate serendipity for nascent entrepreneurs

Entrepreneurs typically face high uncertainty and goal ambiguity, and often the resources and contacts needed for achieving the respective goal are unknown in advance. In light of this uncertainty, how can support organisations such as incubators (or others such as governments, accelerators, educational institutions, etc.) facilitate networks and resources for entrepreneurs? In our upcoming paper, we show how an […]

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    Covid-19: overcoming obstacles to virtual inclusion for City of London workers

Covid-19: overcoming obstacles to virtual inclusion for City of London workers

In March 2020, as part of the COVID-19 response, firms in the UK made the transition from physical workspaces to virtual ones, with limited or no planning time. A similar pattern happened across the globe with different start dates. Today, most organisations have moved beyond the initial hurdle of shifting their workforce to a virtual format, and are now […]