LSE Authors

Are recruiting practices throwing away neurodiverse talent?

In their quest for talent, companies conduct hundreds of thousands of competency-based interviews each year. Despite some criticism, competency-based interviews are regarded by many companies as the best way to assess whether a job candidate would perform successfully in the position for which they interview.

Competencies represent a combination of knowledge, skills, abilities, attitudes and behaviours that enable an individual […]

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    In conversation with David Willetts on ‘the deeper failure to understand the value of social science’

In conversation with David Willetts on ‘the deeper failure to understand the value of social science’

Universities play a key role in producing innovation. Most of the investment centres in STEM subjects (science, technology, engineering and maths), even though the social sciences produce a body of knowledge that is of key value to society. A group of UK universities (LSE, Manchester, Sussex, Oxford, Sheffield, Cardiff, and Glasgow) have created ASPECT, a consortium to test and prove the […]

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    Technology can benefit a few superstar workers, at the expense of everyone else

Technology can benefit a few superstar workers, at the expense of everyone else

Technical change is disrupting many labour markets and is re-shaping the world of work. A widespread fear is that new technologies generate winner-take-all labour markets that benefit a small group of superstars, at the expense of the majority of the workforce. These so-called “superstar effects” arise when technologies open up bigger markets and make it possible to reach consumers […]

How to negotiate more effectively: six useful tips

Negotiation is as critical a business skill today as it has ever been. And it’s something that none of us can avoid. Whether it’s determining the terms of a new deal, overcoming conflict with colleagues or partners, or settling a dispute, negotiating is part of the day-to-day dynamic of our professional lives. In negotiations, every party has distinct interests […]

What we know and don’t know about Huawei

In recent weeks I have frequently been asked about what we should think about the policies and publicity that embroils Huawei. This is because I have been conducting research into them and many other Chinese digital economy companies for some years and have had unprecedented and greatly appreciated access to much of the company’s staff, records and facilities. The […]

Is it time to retire the word ‘robot’?

“When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean — neither more nor less.’ – Lewis Carroll, Alice In Wonderland.

In Lewis Carroll’s Alice In Wonderland, Humpty Dumpty is a wordsmith focused on making the most of his vocabulary. He not only recites but explains poetry to […]

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    Building your competitive strategy? It’s all down to methodology

Building your competitive strategy? It’s all down to methodology

In late 2019, headlines around the world trumpeted the collapse of global travel giant Thomas Cook. Amid news of stranded families and freshly-redundant airline pilots volunteering to bring people home for no pay, what most onlookers and pundits alike wanted to know was: what went wrong? How could an organisation with 19 million customers, 22,000 staff in 16 countries […]

Brexit: mourning the economic and personal damage

Britain has left the European Union (EU). The loss I feel is almost as much as when my father died, almost a quarter of a century ago. He was 16 when he came to Britain with my grandfather, who was a South African political refugee. After completing his UK national service, he married the daughter of a Merseyside dockworker. […]

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    The UK has the world’s 9th most resilient labour market, but things are not as rosy as they seem

The UK has the world’s 9th most resilient labour market, but things are not as rosy as they seem

UK’s labour market continues to show resilience – but all is not as rosy as it seems. A recent analysis of labour market trends by The Institute for the Future of Work reveals strengths and weaknesses that should help plans to ‘level up’ the regions. The analysis supports the case for increased devolution; ‘mega-city’ networks connecting cities with surrounding […]

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    Employees: the missing link between stakeholder capitalism’s pledges and metrics

Employees: the missing link between stakeholder capitalism’s pledges and metrics

On the eve of the World Economic Forum’s 50th annual meeting in Davos, I wrote about the need for well-intentioned corporations seeking to lead a new era of stakeholder capitalism to convincingly separate themselves from the also-ran. By the end of the week in Davos, I was pleased to see businesses race against each other to forcefully signal their […]

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    Under pressure from consumers and employees, firms now compete for the most fragile commodity: goodwill

Under pressure from consumers and employees, firms now compete for the most fragile commodity: goodwill

The history of business is the history of human beings trading with each other; discovering efficiencies of scale and comparative advantage, creating surplus, investing capital, and building infrastructure. In its purest form, capitalism is a sort of social and cultural glue. It’s about markets and money, trade and competition, risk and reward. It’s about the allocation of resources to […]

Fuelling procompetitive growth with foreign credit

The debate about the desirability of international financial flows is at the centre of the discussion of researchers and policy makers. This article focuses on one key aspect of capital controls: their impact on firms’ access to capital markets and their consequences for competition and aggregate productivity growth. Indeed, cross-country studies report that the deregulation of international capital flows […]

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    Business automation in investment banking: fast forward…. or not?  

Business automation in investment banking: fast forward…. or not?  

By 2020 service automation, based on robotic process automation (RPA), cognitive automation (CA) and artificial intelligence (AI) has reached an intriguing and confusing moment in its evolution across sectors. As the hype all too readily highlights, the potential is massive. But developments are surprisingly slow. Market revenues for these technologies are increasing exponentially, but, standing at around $US6 billion […]

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    National electronic health records implementation: a tale with a happy ending?

National electronic health records implementation: a tale with a happy ending?

Aiming to improve healthcare efficiency and quality, countries around the globe, including Singapore, the UK, Japan and the US, are implementing nationwide electronic health records (EHRs). Recent studies suggest that when EHRs are shared across different healthcare providers they can facilitate better care and with the use of aggregated data analytics improve healthcare management and research. However, their implementations […]

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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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    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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    Silicon Roundabout: did light touch policy interventions work?

Silicon Roundabout: did light touch policy interventions work?

London’s technology ecosystem is thriving. The city has over 50,000 tech firms, with over 260,000 employees. Venture capital investment rose from £384 million in 2013 to £1.8 billion in 2018. A number of companies, such as Deepmind, Transferwise and Deliveroo, have become unicorns, valued at more than £1 billion. It survived the financial crisis and is — so far […]

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    From workers to capitalists in less than two generations: the Chinese urban elite

From workers to capitalists in less than two generations: the Chinese urban elite

The transformation of China from a poor and egalitarian country to an upper middle-income country with the level of income inequality greater than in the United States has been the subject of innumerable publications. The Chinese transformation is a unique event in world economic history: never have so many people over such a relatively short period of time increased […]