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ERIM Doctoral Programme News

PhD Vacancies in Management Ambitious young researchers are invited to apply for ERIM’s advanced PhD programme in Management.
26-01-2012
ERIM’s PhD candidates organise international edition of PREBEM conference PhD candidates from ERIM’s Doctoral Programme have made the 12th PREBEM conference into an international success.
04-10-2011
Natalija Gersak: New ERIM Doctoral Programme Manager ERIM welcomes Natalija Gersak as its new ERIM Doctoral Programme Manager. Natalija has taken over the responsibilities previously held by Dr. Olga Novikova.
15-09-2011
Unique opportunity: three Open PhD Vacancies ERIM invites ambitious Master students aspiring to an academic career in management research, to apply for Open-Project PhD positions at the Rotterdam School of Management (RSM).
14-09-2011
Health and Marketing: Essays on Physician and Patient Decision-Making Patient-physician relationships are changing fast. Even though patients are increasingly seen as active participants in medical decision-making and are expected to help physicians choose the best medications to treat their own illnesses, there are many questions regarding the role each party should have in the deliberation process and choice of medical treatment.  In his dissertation entitled Health and Marketing: Essays on Physician and Patient Decision-Making, awarded cum laude, Nuno Camacho addresses key consequences of this changing context and of the interaction between patients and physicians.
25-07-2011
The Effectiveness of Pharmaceutical Marketing How can pharmaceutical firms successfully market their products to doctors and patients? In his PhD thesis, Eelco Kappe extensively answers this question, providing insights both for academics and marketing managers.
18-07-2011
CEO Narcissism: Measurement and Impact Narcissism forms an essential element for effective leadership and is as such an important personal characteristic for CEOs. In her dissertation entitled CEO Narcissism: Measurement and Impact, Antoinette Rijsenbilt describes the objective measurement of CEO narcissism and its impact on organizational outcomes.
07-07-2011
Project-level Governance, Monetary Incentives and Performance in Strategic R&D Alliances Strategic R&D alliances between firms have brought us new products like the coffee machine Senseo and the antiviral drug Tamiflu. Still, many R&D alliances fail. In his PhD project, Mahmut Ozdemir took a closer look at the governance mechanisms of alliances. He found that the positive effects of relatively higher monetary incentives are usually offset by the negative effects of intense project-level governance.
07-07-2011
Contingencies: Learning Numerical and Emotional Associations in an Uncertain World Contrary to the academic consensus, Bart de Langhe argues it’s fair to judge managers and other decision makers on the quality of their decisions, instead of the process through which they arrive at them. It’s one of the key findings from his excellent PhD research, which deals with human cognition, especially the ability to detect and learn systematic associations between cues and outcomes. Bart de Langhe was awarded cum laude for his dissertation.
10-06-2011
The Entrepreneurial Process: An International Analysis of Entry and Exit Under which conditions do individuals decide to become entrepreneurs? And when do they decide to cease their entrepreneurial activities? In his dissertation, Peter van der Zwan answers these questions. His findings are relevant for policy makers who seek to stimulate entrepreneurship.
10-06-2011
Nationality Heterogeneity and Interpersonal Relationships at Work Employees often have valuable ideas for improving their organisation, but do not share them with their supervisors. This creates an unfortunate paradox for managers; business is often too complex for ‘figuring it out from the top’ so many managers rely on the input of employees, especially those with different cultural backgrounds with novel ideas for improving business because of their unique experiences and views. Unfortunately, these employees are often in the minority in the workplace, and can be too afraid to speak up.
10-06-2011
In Money we Trust? Trust Repair and the Psychology of Financial Compensations Given the widespread use of financial compensations as a response to harm, it seems strange that until now, not much has been known empirically about their effectiveness and their ability to restore trust between people in economic relations. In his PhD dissertation In Money we Trust? Trust Repair and the Psychology of Financial Compensations, Pieter Desmet analyses the psychological processes that victims experience when they are confronted with harm and subsequently, when they receive compensation.
13-05-2011
The Dynamics of Formal Organization: Essays on Bureaucracy and Formal Rules Rules and bureaucratic formalities are a very recognizable and striking part of many organizations, despite numerous predictions by scholars and public figures of the rise of radically different forms of organization that would render bureaucracy obsolete. When dealing with organizations, we all experience situations when we might wonder why particular bureaucratic rules have suddenly changed, or why a rule can remain unchanged for a very long time.
02-05-2011
Behavioral Finance and Agent-Based Artificial Markets A research into individual investors and their behavior has received a lot of consideration during the past, and is increasingly in the focus of interest of many scientists, not being confined only to economists. However, the particular way of looking at an individual investor has been subject to a great paradigmatic shift with the inclusion of the findings and the methodology of psychology into the financial studies. Despite many ongoing debates, this has slowly led to the establishment of behavioral economics and behavioral finance as widely recognized subdisciplines. In his dissertation, entitled Behavioral Finance and Agent-Based Artificial Markets, Milan Lovric analyzes market-wise implications of investor behavior and their irrationalities by means of agent-based simulations of financial markets.
06-04-2011
Configurations of Inter-Firm Relations in Management Innovation: A Study in China’s Biopharmaceutical Industry While the global biopharmaceutical industry maintains its promise of a bright future, it remains economically underperforming and continues to burn capital at an unprecedented pace. Experts argue that one reason for this staggering underperformance lies in the absence of appropriate managerial instruments that allow to fully exploit the potentials of the available scientific approaches. In his PhD dissertation Configurations of Inter-Firm Relations in Management Innovation: A Study in China’s Biopharmaceutical Industry, Johannes Meuer argues that the situation in the biopharmaceutical industry in China is unique. Its rapidly changing institutional infrastructure, the large number and diversity of organisations, and their intensive reliance on each other to access unique scientific competencies, make for an environment that induces firms to challenge existing and experiment with new management techniques.
31-03-2011
Extreme Dependence in Asset Markets Around the Globe In the last two decades several major financial crises occurred, including the 1994 Peso crisis, the 1997-1998 Asian crisis, the burst of the internet bubble in 2001-2002, and more recently the 2008-2009 credit crisis. During these financial crises the dependence between asset prices increases to levels exceeding those observed during tranquil periods. Due to this increased dependence, different markets tend to crash together during crises period. This has some important implications for practice. In his thesis, Extreme Dependence in Asset Markets Around the Globe, Thijs Markwat shows that the dependence between large stock returns is higher than the dependence between small to moderate stock returns.
31-03-2011
ERIM Pioneers at Greening-up Thesis Printing ERIM is the publisher of two lines of printed books, the ERIM PhD Series and ERIM Inaugural Address Series. Thanks to an initiative of Wilfred Mijnhardt, Executive Director ERIM, these two lines of publications will in future become much greener. Gabi Helfert of Greening RSM talked to Wilfred about this exciting progress.
15-03-2011
An Institution-Based View of Ownership The association between ownership concentration and firm performance is very much influenced by both formal institutions like a country’s legal framework, labor protection and shareholder provisions as well as informal institutions like culture and codes of good corporate governance influence. The same goes for the association between firm performance and executive remuneration, as well as for the level of underpricing of initial public offerings (IPO). The results of empirical research in the area of ownership concentration and the identity of large shareholders of North-American listed companies indicate that these shareholders do not have any significant positive effect on the value or profitability of these companies. Therefore, there is little empirical evidence for one of the most important and most researched internal corporate governance mechanism. This disconnect between on the one hand the dominant agency theory on the role and influence of ownership concentration and on the other hand the currently available empirical evidence, shows that a thorough re-evaluation of the role of shareholders within corporate governance is necessary. In his PhD thesis An Institution-Based View of Ownership, which was awarded cum laude, Marc van Essen contributes to this re-evaluation of ownership by examining two broad issues.   
10-03-2011
Mindreaders - Ale Smidts and Mirre Stallen in TV Show Neuroscience is one of the newest trends in market research, because sometimes your brain knows what you want better than you think it does. Professor Ale Smidts and PhD candidate Mirre Stallen were featured in VPRO's TV programme Labyrint, entitled ‘De Gedachtenlezers’ (the Mindreaders), on Tuesday, 1 March 2011.
08-03-2011
Benchmarking Benchmarks Do current benchmark asset pricing models adequately describe the cross-section of stock returns? David Blitz believes that these benchmarks can be challenged, and proposes new ones. In his thesis, Benchmarking Benchmarks, Blitz presents a momentum strategy based on residual stock returns that vastly improves upon traditional momentum strategies.
07-03-2011
Rolling Stock Rescheduling in Passenger Railways Reliable and punctual public transportation is of chief importance for workforce mobility and access to cities. In particular, the performance of passenger intercity railway systems continues to receive much public attention in the Netherlands and other European countries. Over the last decade, an increasing amount of effort has been put into developing innovative methods for planning railway resources in order to improve service levels and cut costs. In his doctoral thesis Rolling Stock Rescheduling in Passenger Railways, Lars Nielsen analyses the real-time control of passenger railway systems and in particular on the rescheduling of railway resources during and after disruptions. In this process the rescheduling of the rolling stock, i.e. the train units, poses a major challenge for the dispatchers.
17-02-2011
IQ tests: Measure of merit or the key to performance enhancing resources? New research by doctoral candidate Eliza Byington and Dr. Will Felps challenges the idea that people with high IQs are better performers simply because they are smart.
10-02-2011
Change of Guard: Research Master Track Coordinators Strategy From February 1, 2011, the Strategy track of the ERIM Research Master has a new Track Coordinator. Professor Justin Jansen has succeeded professor Frans Van Den Bosch in this important role.
10-02-2011
Financial Services and Emerging Markets In his PhD dissertation entitled Financial Services and Emerging Markets, Bas Karreman addresses the organization and strategy of firms in emerging markets. The main topics relate to the expansion strategies of multinational banks in Central and Eastern Europe, and the organization of the demand for capital by Chinese firms across the financial centers of mainland China and Hong Kong. Overall, the findings indicate that, in an increasingly competitive and globalizing financial industry, the organization and strategy of firms in emerging markets largely depend on the characteristics of the institutional and business environment.
01-02-2011
Customer Information Driven After Sales Service Management: Lessons from Spare Parts Logistics The growth of service level agreements has changed the business dynamics of after sales service providers. This is a complex task that required vertical and horizontal integration of maintenance service management, spare parts logistics management, as well as spare part returns management; after sales service also needs to account for varying service needs of heterogeneous customer bases with limited service resources at hand. In his PhD thesis Customer Information Driven After Sales Service Management: Lessons from Spare Parts Logistics, Muhammad Naiman Jalil studies the changing business dynamics of after sales service and highlights how a customer information driven strategy can help service providers to meet expectations of a heterogeneous customer base, while generating additional value from their service operations.
01-02-2011
The Relationship between Offshoring Strategies and Firm Performance: Impact of Innovation, Absorptive Capacity and Firm Size Managers need to be more aware of the possibilities but also of the possible performance effects of offshoring. In her PhD dissertation entitled The Relationship between Offshoring Strategies and Firm Performance, Marja Roza analyses the attributes of an offshoring strategy and their relationship with company performance. Her research shows that clear strategic goals, organisational choices and firm capabilities enable firms to execute and tailor an offshoring strategy to generate performance effects which supports overall firm strategy.
19-01-2011
Understanding Crowdsourcing: Effects of motivation and rewards on participation and performance in voluntary online activities Organisations increasingly outsource activities to volunteers that they approach via an open call on the internet. The phenomenon is called ‘crowd sourcing’. For an effective use of crowd sourcing, it is important to understand what motivates these online volunteers and what the influence of a reward system is. In her PhD dissertation entitled Understanding Crowdsourcing: Effects of motivation and rewards on participation and performance in voluntary online activities, Irma Borst examines the effects of motivation and rewards on the participation and performance of online community members. She studied motivation, rewards and contributions in three crowdsourcing initiatives that vary in reward systems.
19-01-2011
Motivation, Coordination and Cognition in Cooperatives Cooperation among people dates back as far as human beings team up in production for mutual benefit. Modern cooperatives are founded also for members’ mutual economic and social benefit. Cooperatives differ from conventional firms in many aspects. They are owned by a group of suppliers or consumers, rather than investors in business corporations. This special kind of ownership leads to a distinct way of managerial motivation, production coordination and allocation of cognition. How do these differences influence the comparative advantage or disadvantage of cooperatives? In her dissertation Motivation, Coordination and Cognition in Cooperatives, awarded cum laude, Li Feng compares the efficiency of cooperatives and a number of other organisational forms from various perspectives.
15-12-2010
Industrial Tourism: Where the Public Meets the Private Industrial tourism comprehends visits to sites that enable visitors to learn about economic activities in the past, the present and the future. It can be seen as a small but growing segment of the tourism industry. In his dissertation, Alexander Otgaar provides insight in how to employ industrial tourism as a tool of marketing and public relations and an additional source of income. It also informs businesses about how to cooperate with regional organisations that look at industrial tourism from a different point of view.
15-12-2010
Language Abstraction in Word of Mouth In conversations, consumers like to discuss their product and service experiences with other consumers. These conversations are important and influential sources of information as they may impact consumer buying decisions. In her dissertation entitled Language Abstraction in Word of Mouth, Gaby Schellekens analyses the language consumers use when they describe their product experiences.
15-12-2010
Johannes Meuer wins AESE’s Case Writing Competition Johannes Meuer, PhD candidate at ERIM and member of the China Business research centre, is the winner of the AESE Case Writing Competition 2010 with his case study “A Grand Entrance: Li Ning’s Emergence as a Global, Chinese Brand”.
29-11-2010
Simple operational decisions can have a large impact on worker’s performance and well-being Managers may influence the productivity and well-being of their workers with a large array of simple decisions. Setting challenging production goals (even without direct rewards), deciding on the location of products on a warehouse, and inserting strategic rests are all simple solutions that give measurable results in terms of performance and the worker’s well-being. These are some of the findings in José Antonio Larco Martinelli’s PhD thesis entitled Incorporating worker-specific factors in operations management models.
29-11-2010
Scanning sales people's brains for factors that enhance their performance In his research, Roeland Dietvorst has attempted to measure sales talent with the help of brain scans. With the use of these scans, he was able to pinpoint what processes underlie a salesperson’s ability to step into the mental shoes of a customer and understand their thoughts, feelings and intentions, and thereby gauge needs and find possible solutions.
11-11-2010
System Markets: Indirect Network Effects in Action, or Inaction? Indirect network effects are the source of positive feedback in system markets, or so network effect theory tells us. In his dissertation, Jeroen Binken examined demand-side and supply-side indirect network effects.
11-11-2010
Innovating management – how leaders can change the work of managers Innovation in managerial practices, processes and structures has important implications for what people within the organisation do, how they relate to each other, and how their efforts are aligned towards achieving organisational goals. So managers should have a key role as the central ‘internal change agents’, capable of pursuing and implementing management innovation within firms, according to new research by Ignacio Vaccaro.
11-11-2010
Dress to impress Many people hold consultants in awe; they drive fancy cars, wear designer suits, and carry themselves with certain gravity. But does all this ’power dressing’ actually have a net effect on the influence of the advice they offer?
08-11-2010
Twan Dollevoet wins Student Research Paper Contest on Management Science in Railroad Applications Twan Dollevoet, PhD Candidate at ERIM, has won first place at the Student Research Paper Contest on Management Science in Railroad Applications.
25-10-2010
Contested Communication Liesbeth Noordegraaf-Eelens has studied how central bank presidents struggle with the words they use in public. Her dissertation shows the paradoxical effect of using words instrumentally. By announcing their intention to manage expectations with words, central bank presidents greatly limit what they can say, because their words will be intensely scrutinised. This is true in normal times, and even more so in times of crisis.
25-10-2010
Railway Crew Rescheduling Currently, crew rescheduling in case of disruptions is still done manually by the dispatchers in the control centres of passenger railway operators. In his research, Daniel Potthoff presents mathematical models and algorithms that lay the foundations for a decision support system for railway crew rescheduling based on Operations Research techniques.
25-10-2010
Erasmus University Rotterdam and Dutch Railways forge closer cooperation With the festive signing of an agreement on Thursday October 21, Erasmus University Rotterdam (EUR) and the Dutch Railways (NS) have officially committed themselves to stronger collaboration over the next decade.
25-10-2010
Haibo Zhou Knowledge, Entrepreneurship and Performance: Evidence from country-level and firm-level studies On Thursday, September 9, 2010 Haibo Zhou defended her PhD thesis entitled Knowledge, Entrepreneurship and Performance, Evidence from Country-level and Firm-level Studies. Supervisors were Professor Roy Thurik and Professor Lorraine Uhlaner.
20-09-2010
Alexander Alexiev Exploratory Innovation: The Role of Organisational and Top Management Team Social Capital What makes companies adaptable to changes and crises, and thus ensures their long-term survival? The magic word seems to be ‘innovation’, but yet many companies fail to innovate. In his PhD thesis Exploratory Innovation: The Role of Organisational and Top Management Team Social Capital, Alexander Alexiev looked at what distinguishes companies succeeding to innovate from those who do not succeed irrespective of the industry they are in. He found that indeed it seems difficult for companies to acquire new knowledge that diverges away from their existing knowledge base.
20-09-2010
ERIM presents PhD class 2010 Monday, September 6, the new ERIM PhD class assembled for an Introduction Day. This year’s class has 32 PhD candidates from 13 different nationalities.
14-09-2010
ERIM Master of Philosophy in Business Research Class 2010 Kick Off On Friday, September 3, ERIM presented its new research master Class. This year’s class has 16 students from 9 different nationalities.
13-09-2010
It’s true, celebrity faces sell shoes In promoting their company’s products, marketing staff are keen to enlist the services of celebrities. But does it really work to have Victoria Beckham extolling the virtues of a particular brand of lingerie or Jennifer Lopez singing the praises of a perfume? It does and brain research now shows why: seeing famous faces elicits positive memories, which are then linked to the product being advertised.
23-08-2010
NWO Mosaic grant for Teng Wang Teng Wang receives this grant for his research project entitled The Impact of Government Interventions in Banks on the Corporate Sector. Wang will use this grant during the four years of his doctoral research.
19-08-2010
Scheduling with Time Lags Scheduling means allocating limited resources to the many activities that have to be done within an organisation. Applications of scheduling theory can be found in multiple manufacturing and service industries, where production, transportation, distribution, procurement, information processing, and communication efforts are restricted by limited resources. In his dissertation Scheduling with Time Lags, Xiandong Zhang focuses on a subset of scheduling problems which are characterised by time lag constraints, where time lags refer to the time delays between the execution of two consecutive operations of the same activity. Time lags can represent transportation delays, activities that require no limited resources, or intermediate processes between two bottleneck machines or procedures. The objective of this research was to develop efficient algorithms for solving these particular scheduling problems. Here, the word efficient means that these algorithms have relatively short running time and may result in relatively short job sequences.
14-07-2010
What gets measured, gets done An issue faced by many organisations is not a lack of information but their limited capacity to deal with it. This is primarily true in the current days, where individuals and organisations are bombarded by information. The context where organisations find themselves has increased in complexity and the number of issues vying for attention is countless. How do organisations attend and respond to this information overload?
06-07-2010
Three top candidates ready to start their ERIM Open PhD Project ERIM proudly announces the selection and appointment of the first three top candidates for the Open PhD Projects made possible by the prestigious NWO Graduate School Grant 2009, where ERIM was selected as one of a selected group of innovative Graduate School programmes.
02-07-2010
Access Regulation for Naturally Monopolistic Port Terminals The dissertation Access Regulation for Naturally Monopolistic Port Terminals: Lessons from Regulated Network Industries of Enzo Defilippi analyzes the characteristics of access policies implemented in the telecommunications, electricity supply, natural gas and railways industries. It uses the lessons learned from these experiences to propose a model suitable for the port industry. Its relevance resides in the importance of the subject for the formulation of development strategies in developing countries, and the lack of previous studies in the field.
30-06-2010
Marketing Modeling for New Products Managers and firms everywhere are launching new products or new generations of products at an extremely fast pace. The management of these products requires precise introduction timing, adequate pricing policies, the right consumer targeting and the identification of the influential markets that drive their sales and their fast adoption. The thesis of Carlos Hernandez Marketing Modeling for New Products presents several managerial insights on these topics and these insights are backed up with scientific research and new econometric methodologies.
30-06-2010
Transition During IT Outsourcing For IT managers, immediately after signing the contract to outsource certain IT activities, the critical stage of Transition arises that determines how exactly to transfer outsourced activities from the client to the vendor firm. Vinay Tiwari’s dissertation Transition Process and Performance in IT Outsourcing: Evidence from a Field Study and Laboratory Experiments, provides insights on Transition for both academic scholars and practitioners.
30-06-2010
Advances in Inventory Management Dynamic Models Due to rapid developments in technology and information systems, the speed and the nature of the flow of goods in supply chains have changed drastically. Today, to meet the increased customer expectations, companies need to offer larger assortments, shorter delivery times and better quality for lower prices. As more and newer products are developed and introduced to the markets, the average product life cycles got shorter. Obsolescence risk as well as demand uncertainty has increased significantly. The higher dynamism of markets made the costs more volatile and difficult to predict. As a result of these changes in the surrounding environment, inventory systems became more dynamic.
29-06-2010
IT as a means of enhancing busines agility in partner networks In the current marketplace, service organisations increasingly need to collaborate in partner networks. Competition thus also tends to move away from the organisation itself into the network. However, such networked organisations require new business models based on business agility to sense and respond quickly to highly uncertain events, which can be either threats or opportunities in the market place. Price wars, fast changing customer demands, new governmental legislation and reorganisations cause a lot of uncertainty and are perceived as major drivers for business agility need. In these dynamic networks, quick-connect and data sharing with (changing) business partners becomes a necessity in order to succeed as a business over time.
17-06-2010
Geerten van de Kaa wins best dissertation award Quality Management 2010 Dr. Geerten van de Kaa has won the Research Award Quality Management 2010, organized by the Dutch Network for Quality Management (NNK). The award has been handed over during the Business Improvement Event on June 4th in Amersfoort. Van de Kaa defended his dissertation last year at Rotterdam School of Management, Erasmus University. He now works at Delft University of Technology as an assistant professor at the faculty of Technology, Policy and Management, section Technology, Strategy, and Entrepreneurship.
09-06-2010
Is cutting prices the best battle strategy in a pricing war? What are the best pricing and promotional strategies in a price war? What should a brand manager do when confronted with a retail price war, such as that started by Albert Heijn in 2003? Stuck between a rock and a hard place, the brand manager’s choices appear to be to fight by resisting the urge to cut prices, or to support retailers by offering lower prices.
09-06-2010
Bundling Strategies in Global Supply Chains Acciaro’s dissertation Bundling Strategies in Global Supply Chains focuses on the application of the business practice of package sales to the logistics industry. Although the use of package sales, also known as bundling, is a pervasive business practice, its use in the logistics and ocean transportation industries has been rather limited. As a consequence of the increasing complexity of the ways we move products and raw materials from factories to warehouses and final consumers, producers and retailers increasingly demand door-to-door prices for bundles of logistics services, similarly to the way passengers demand simple airline tariffs.
09-06-2010
Analysis of Occupational Pension Provision As the stock market currently performs poorly, pension funds are in closely followed to assess whether they can pay their beneficiaries the promised pension benefits. Xiaohong Huang’s dissertation An Analysis of Occupational Pension Provision: From Evaluation to Redesign examines the investment performance of Dutch industry-wide pension funds. Huang also studies the impact on pension funds’ financial health and investment strategy of different models for the financial markets. She proposes a new pension plan design to overcome the weakness of implicit value transfers in the current collective pension design.
04-06-2010
Advances in Online Shopping Interfaces In his dissertation “Advances in Online Shopping Interfaces”, Martijn Kagie introduces a framework to create map-based shopping interfaces. Its focus is specifically on how to position available products on a website and on the recommendation products to users.
21-05-2010
Inter-company collaboration and coordination of supply chain operations can lead to strategic and operational benefits Coordination of decisions on supply chain operations between firms can improve supply chain performance, according to Bas Verheijen’s dissertation ‘Vendor-Buyer Coordination in Supply Chains’. Verheijen studied the impact of resources of limited capacity, such as trucks, on supply chain operations and costs. Transport costs are studied in detail, as transports costs may be significantly reduced by improving supply chain coordination. Furthermore, he shows how a simple form of incentive alignment between firms in a supply chain can lead to near-optimal supply chain operation.
21-05-2010
Successful firms contribute to democracy In his dissertation “A Republican Settlement Theory of the Firm”, Manuel Hensmans finds that once such an above mentioned platform is created, firms can contribute significantly to a settlement between supporters of rivaling dynamics of democratization in the nation-state(s) they are affiliated with. This benefits the geopolitical ranking of the nation-state in terms of its ability to express popular sovereignty and exercise the right to self-determination. Such rankings are performed by as varied agencies as governments, stock market investors, NGOs, the UN, credit rating agencies, companies, Freedom House, etc…
16-05-2010
Focus on shareholder value proves to be counterproductive An emphasis on shareholder value is adversely affecting the financial performance of the Dutch top-100 listed companies. This is one of the conclusions of the doctoral research carried out by Pieter-Jan Bezemer. His thesis, entitled Diffusion of Corporate Governance Beliefs, provides support for widespread criticism of the Anglo-Saxon economic model that is driven by market forces. He has defended his thesis on March 19, 2010.
19-03-2010
Organising for Ambidexterity: how to serve current markets as well as respond to change? Many firms are very capable of serving their current customers, and perform well in doing so. However, when a change comes along in the market, many of these firms find they cannot respond adequately. Likewise, there are firms that are good at creating new solutions or products, yet somehow never seem to be able to fully exploit these ideas to generate profits. It would seem that trying to combine both ways of thinking and corresponding ways of organising would be most effective to firms, but is challenging. This concept is called ambidexterity. Ambidextrous firms are good at serving current markets (exploitation) as well as responding to change (exploration).
07-03-2010
Less time for the road… Port container terminals are by nature intermodal facilities. When containers come into a port or rail facility by either boat or train they must be transferred to another mode (usually a truck) for transport to a final destination. Trucks transporting containers to and from a port or rail facilities are not always equipped to serve multiple jobs in an efficient manner. The business of transporting containers from port or rail terminals a short distance to customer locations is termed drayage. The research in Jordan Srour’s dissertation examines routing in drayage operations as a means to improve efficiency.
12-02-2010
Marisa van Iperen New Administrative Assistant ERIM Office On February 1st, 2010, we have welcomed Marisa van Iperen as a new administrative assistant to the ERIM office. Marisa will assist with the day-to-day tasks in the ERIM Office and mainly focus on services for our PhD candidates and MPhil students.
11-02-2010
Cum Laude PhD Defense Maarten Wubben: “If you scratch my back, I’ll scratch yours” Is it really 'unprofessional' or 'unproductive' to express emotions on the workfloor or in the office? This is the key question Maarten Wubben studied in his PhD dissertation Social Functions of Emotions in Social Dilemmas. His main conclusion is that, contrary to popular belief, actually showing emotions often helps employees to cooperate more and achieve better team results.
05-02-2010
Analysis of Mutual Fund Performance In her PhD thesis The Analysis of Mutual Fund Performance: Evidence from U.S. Equity Mutual Funds, Diana Budiono finds that the performance of mutual funds persists. From a business perspective, it is relieving for funds investors that the existence of persistence comes from both the good-performing funds as well as poor-performing funds and that the strategy of selecting a fraction of past good-performing funds still returns profitable outcome during ex-post periods.
04-02-2010
Economic recovery from the financial crisis in spite of banking regulation? This is one of the findings of Ying Xu’s PhD thesis Empirical Essays on the Stock Returns, Risk Management, and Liquidity Creation of Banks. The focus of this thesis is on commercial banks, which are at the center of the subprime crisis and the resulting global financial meltdown. Directly at the heart of the financial crisis, the topics addressed in this thesis all contribute to the analysis or understanding of the cause and consequence of the practices by different groups of stakeholders of banks, namely the shareholders, the regulators and the banks themselves.
29-01-2010
Dion Bongaerts in Journal of Finance Although ERIM Tenure Track Assistant Professor Dion Bongaerts has not even defended his PhD thesis yet, the Journal of Finance will publish one of his articles. The article entitled ‘Derivative Pricing with Liquidity Risk: Theory and Evidence from the Credit Default Swap Market’, stems from his PhD Thesis. He will defend his thesis at the University of Amsterdam in June; however the thesis is practically finished. In November, Dion started at Rotterdam School of Management.
28-01-2010
Best Poster Paper Award for Alok Gupta, Wolfgang Ketter, Eric van Heck, and Meditya Wasesa At the Eighth Workshop on eBusiness (WeB-09) at the International Conference for Information Systems (ICIS) in Phoenix, Arizona, USA, on December 15, 2009, Alok Gupta, Wolfgang Ketter, Eric van Heck, and Meditya Wasesa have been awarded wit the Best Poster Paper Award. The price-winning article entitled ‘Real-time Support for Auctioneers to Determine Optimal Clock Start for Multi-unit Sequential Dutch Auctions’.
27-01-2010
Empowering leaders to empower Why is it that leaders do or do not empower their employees? Why do leaders behave the way they do? In her dissertation entitled Leader Empowering Behaviour: The Leader's Perspective, Natalia Hakimi aims to get a better understanding about what leaders and companies should focus on when enforcing a empowerment programme.
27-01-2010
NWO Mosaic grant for Ivana Naumovski Ivana Naumovski has received the Mosaic grant of NWO for her research project about the role of firm (corporate) reputation in the context of corporate finance and financial markets. The NWO and the Ministry of OCW conceived this programme, that aims at helping representatives of ethnic minorities into the world of science. This Mozaïek (Mosaic) programme started in 2004. For a four-year period of doctoral research, the maximum amount will be 200,000 euro.
24-11-2009
Essays on Port, Container, and Bulk Chemical Logistics Optimization Eelco van Asperen has defended his thesis entitled ‘Essays on Port, Container, and Bulk Chemical Logistics Optimization’ on November 18. His promoter is Prof.dr.ir. R. Dekker, Professor of Operations Research, Erasmus School of Economics, Erasmus University. Other members of the doctoral committee are Prof. dr. ir. U. Kaymak, Prof.dr. H. Haralambides and Prof.dr. S. Voß.
23-11-2009
Ting Li and Peter Vervest receive NWO Complexity Grant Ting Li, ERIM Associate Member and Assistant Professor in Information Strategy and Management, and Peter Vervest, ERIM Fellow and Professor Business Telecommunications, received a NWO Complexity Grant for a total subsidy of €228,000 over a period of two years for their research on “Emergent Travel Behaviour in Complex Networks”. The objective of the NWO Complexity Grant is to strengthen Dutch research into the dynamics of complex systems, to create focus of in-depth knowledge and to form a community of researchers and users in the field of complex systems. The programme focuses on multi-disciplinary research at the interface between scientific disciplines.
16-11-2009
ERIM presents PhD class 2009 Monday, September 7, the new ERIM PhD class assembled for a Introduction Day. This year’s class has 21 PhD candidates with 11 different nationalities.
11-09-2009
Best Paper Award Nomination for Learning Agents Research Group At the 11th International Conference of Electronic Commerce (ICEC) in Taipei, Taiwan this August, Alexander Hogenboom, Wolf Ketter, Jan van Dalen, Uzay Kaymak, John Collins, and Alok Gupta received a Best Paper Award Nomination for their paper “Product Pricing using Adaptive Real-Time Probability of Acceptance Estimations based on Economic Regimes”.
05-09-2009
On the real effects of private equity According to many politicians and journalists, private equity investors are “latter-day robber barons” or even “vultures” plundering companies and evading taxes. In his inaugural lecture, "On the real effects of private equity", Prof.dr. Peter Roosenboom has examined these criticisms, concluding that those casting private equity investors as villains are being one-sided in their assessment. On the contrary, he argues that private equity investors can have a beneficial effect on the investment climate. On September 4, Roosenboom has accepted the endowed Chair of Entrepreneurial Finance and Private Equity at the Rotterdam School of Management, Erasmus University.
03-09-2009
Applying Mathematical Models to Surgical Patient Planning On September 4, Jeroen van Oostrum has defended his PhD thesis entitled “Applying Mathematical Models to Surgical Patient Planning”. On a daily basis, doctors have to deal with cancellations of operations, overtime at operating rooms (OR) and unexpected emergency surgeries. In his thesis, van Oostrum examines several common practices that can easily cause inefficiency of OR usage.
03-09-2009
Making the Most of Warehouse Space On September 3, Yeming Gong has defended his PhD thesis entitled “Stochastic Models and Analysis of Warehouse Operations”. Web-based stores like Amazon and Alibaba do not require physical selling space or shops. Therefore, they can invest more in warehouses, admittedly a traditional facility but still compulsory to store products in this ''new'' business era. Another new development is the fact that customers tend to order more frequently, in smaller quantities, and require customised service. In general, lead times are under pressure while clients still expect rapid and timely delivery within tight time windows. This is particularly true for online retailers. In his PhD thesis entitled “Stochastic Models and Analysis of Warehouse Operations”, Yeming Gong provides an optimal method for searching the most efficient batch sizes as well as a polling-based dynamic order picking system for the warehouses in an online retailer environment. This will allow better and swifter service and lower cost.
02-09-2009
Leader power does not corrupt Last year, John Thain, the ousted CEO of Merrill Lynch, spent $ 1.2 Million on redecorating his downtown Manhattan office, as the company was firing employees and was on the brink of bankruptcy. Needless to say, this lavish spending of company money at a time when rank and file employees were losing their livelihoods drew the ire of the general public and the body politic. Similar accounts of leader hubris such as profligate spending on lavish perquisites in the form of executives’ personal use of company jets and lofty bonuses have generated headlines in various business media outlets. Given the spectre of negative consequences carried by leader self-serving behaviour, the question begging for an answer is: what causes leaders to act self-servingly rather than group-servingly? Diana Rus explored this question in her PhD thesis entitled “The Dark Side of Leadership: Exploring the Psychology of Leader Self-serving Behaviour”
02-09-2009
ERIM Master of Philosophy in Business Research Class 2009 Kick Off On Wednesday September 2, ERIM presented its new research master Class. This year’s class has 11 students from 6 different nationalities.
02-09-2009
Gábor Maróti and Lars Kjær Nielsen receive EURO Management Science Strategic Innovation Prize At the EURO meeting in Bonn on July 8, the EURO Management Science Strategic Innovation Prize 2009 (EURO MSSIP 2009) was awarded to Gábor Maróti, ERIM Member, and Lars Nielsen, ERIM PhD Candidate, for their paper “Disruption Management of Rolling Stock in Passenger Railway Transportation”.
28-07-2009
Certificate Ceremony Honours Programme 2009 In 2009 the ERIM Honours Programme in Research in Management has been offered for the fifth time. On June, 14th, ERIM celebrated the completion of this year’s programme with a festive lunch in the restaurant ‘De Etage’ where the students received their certificates.
28-07-2009
New Topic Site: Purchasing & Supply Management Centre (PSM@RSM) PSM@RSM is devoted to high-quality research and teaching in Purchasing and Supply Management. The centre website also contains the International Purchasing Survey (IPS) project, which is an international research initiative of academics in Purchasing and Supply management from 10 countries.
15-07-2009
Riding asset bubbles On June 30, Nadja Günster has defended her PhD thesis entitled “Investment Strategies Based on Social Responsibility and Bubbles”. What should investors do if they learn about a stock market bubble? Is it a bad plan to invest in a stock market bubble? Take for example the internet or the housing bubble. Many investors gained, but also many lost. So, what would have been the right strategy beforehand? In her PhD thesis, Nadja Günster analyses this question based on a large sample of bubbles. Her approach takes into account that investors do not know for sure that a bubble is inflating, nor when it may crash. She shows that investing in a bubble produces high average returns but also big price drops in returns from time to time. Overall, the gains outweigh the losses and investing in bubbles is a profitable strategy. Günster concludes that an investor in bubbles is not simply blind for risks but may have made a rational and wise decision.
06-07-2009
The true potential of multi-agent systems On June 25, Hans Moonen has defended his PhD thesis entitled “Multi-Agent Systems for Transportation Planning and Coordination”. What are the requirements and key challenges in setting up systems for transportation? Can multi-agent systems contribute to better performing, and easier-to-implement systems for transportation? Multi-agent systems have indeed potential for supply chains, and, in particular, transportation. They can enable a different planning & control paradigm that is focused on coordination through communication & negotiation rather than isolated optimisation, and do not only offer information sharing, but also selective information hiding, which is very important in inter-organisational applications.
25-06-2009
Sustained strategic renewal – how do companies survive time? Zenlin Kwee has defended her PhD thesis entitled “Investigating Three Key Principles of Sustained Strategic Renewal: A Longitudinal Study of Long-Lived Firms” on June 25. How do large incumbent firms like Royal Dutch Shell change over time and adjust to the changes in their external environment? In her thesis Zenlin Kwee deals with this question. Using an analysis timeframe from 1907-2008, she studies Shell and uses British Petroleum (1970-2008) as a comparative study.
25-06-2009
Organisational flexibility in turbulent times On June 23, Niels van der Weerdt has defended his PhD thesis entitled “Organizational Flexibility for Hypercompetitive Markets”. How can firms develop flexible organisations? While facing fierce competition, do flexible firms really perform better? Niels van der Weerdt focuses on the ability of organisations to adapt itself to an increasingly turbulent business environment. He investigates the following questions. How can firms develop flexible organisations? How does firm size affect the flexibility of the organisation and its potential to profit? The effects of high flexibility on company performance are demonstrated using a database containing rich information on the flexibility of more than 1900 companies.
23-06-2009
A new model for measuring system and process performance Chien-Ming Chen has defended his PhD thesis entitled “Evaluation and Design of Supply Chain Operations Using DEA” on June 19.Performance evaluation has been one of the most critical components in management. As production systems nowadays consist of a growing number of integrated and interacting processes, the interrelationship among processes have created a major challenge in measuring system and process performance. Moreover, rapid information obsolescence has become a commonplace in today’s high-speed environment. Process design decisions managers need to take, are therefore often based on incomplete information regarding the future market.
19-06-2009
Corporate Gatekeepers Captured by Overconfident CEOs On June 16, Fred Gertsen has defended his PhD thesis entitled “Riding a Tiger without Being Eaten: How Companies and Analysts Tame Financial Restatements and Influence Corporate Reputation”. In his PhD thesis Fred Gertsen investigates how companies and analysts deal with financial restatements. These corrections of errors of earlier published financial statements caused panic and great declines in stock prices in the financial markets at the beginning of this century, for example during the Ahold and Enron accounting scandals.
17-06-2009
Where do I list my company? On June 12, Tao Jiao has defended her PhD thesis entitled “Essays in Financial Accounting”. Her thesis is devoted to investigate the interaction between the quality of accounting information and the external environment where firms operate, such as stock exchange and stock market. The quality of accounting information is the key for investors to make their investment decisions and to evaluate the performance of managers.
12-06-2009
How to make the best of your teams – managing team performance On June 11, Bart Dietz has defended his PhD thesis entitled “Managing (Sales) People towards Performance: HR Strategy, Leadership & Teamwork”. In his thesis, Dietz explores several business relevant topics in the field of HRM. His findings indicate that managers can indeed manage people towards performance by managing the organisational environment
11-06-2009
New Topic Site: Erasmus Centre for Cooperatives (ECC) ECC is a group of people geared towards creating, disseminating, and applying knowledge regarding cooperatives by blending detailed description, informal theory, formal modeling, and empirical analysis in order to contribute to cooperative business practice as well as to science. This asks for bringing different knowledge, from enterprises as well as science, together.
11-06-2009
Electricity markets do not yet exist (in the Netherlands and France) Regulation continues to play a pervasive role in the liberalised electricity industries. It influences the attributes of the electricity transactions, the new governance structures and the adaptation process towards the new structures. Moreover, the vertically integrated hierarchies that characterised the industries before the liberalisation are more efficient structures to coordinate the electricity transactions, and the current hybrid structures should therefore be regarded as second-best solutions.
05-06-2009
NETSCAPE: Cities and Global Corporate Networks On June 5, Ronald Wall has defended his PhD thesis entitled “NETSCAPE: Cities and Global Corporate Networks”. This dissertation is focused on empirically showing that the fate of cities is strongly related to their hierarchic importance within global corporate networks. These connections concern the shares held between multinational headquarters and their thousands of subsidiaries around the world. It is shown that urban development should not only be concerned with economic development within the municipal boundaries but should compliment this with understanding and improving the number and diversity of connections with other cities worldwide. In this way in future a more effective urban development can be created which unites local and global knowledge. The study is based on several advanced network analysis techniques and most importantly, unique datasets on corporate networks. Furthermore, it is well founded in economic network literature.
29-05-2009
Brand versus image On May 29, Steven Sweldens has defended his PhD thesis entitled “Evaluative Conditioning 2.0: Direct versus Associative Transfer of Affect to Brands”. Brands become better liked when they appear in positive contexts. For example, brands can sponsor rock concerts, appear with adored celebrities, or simply be perceived in combination with beautiful images in advertisements. Repeated co-occurrences or pairings of brands with such positive affective stimuli make the brand more well-liked. These are some of the conclusions of Steven Sweldens’s PhD thesis entitled “Evaluative Conditioning 2.0: Direct versus Associative Transfer of Affect to Brands”.
26-05-2009
Broad technology standards are beneficial to all Geerten van der Kaa has defended his PhD thesis entitled “Standards Battles for Complex Systems; Empirical Research on the Home Network” on May 26. Have you ever tried to play movies directly from your computer on your television? To accomplish this, you will have to connect your computer to your television and that sounds easier than it actually is. Take a few moments to look at the available ports on a laptop and try to find similar ports on a television and you are in for a big surprise; the two technologies are incompatible. Why is there no USB port on hardly any television set - or an HDMI port on a computer? To make all of our lives simpler, a choice will have to be made between the different possible standards. But then again, which of these standards would be the best choice?
13-05-2009
Cum Laude PhD Defense Joost van Rosmalen On April 9, Joost van Rosmalen has defended his PhD thesis entitled “Segmentation and Dimension Reduction: Exploratory and Model-Based Approaches”. The dissertation of Van Rosmalen is about developing new statistical techniques that can be used to summarize and visualize the information in a data set. In the thesis, he focuses on two types of statistical techniques. The first technique is dimension reduction, which tries to reduce the complexity of the data by identifying underlying dimensions or factors. These factors or dimensions can be used to visualize and help explain the data. The second technique is clustering, which divides the observations into a limited number of homogeneous groups (clusters). Van Rosmalen specifically focuses on two-mode clustering, in which the rows and columns of a data matrix are assigned to clusters simultaneously. He obtained his degree Cum Laude.
14-04-2009
Private Software Entrepreneurs in Hangzhou, China Mark Greeven has defended his PhD thesis entitled “Innovation in an Uncertain Institutional Environment: Private Software Entrepreneurs in Hangzhou, China”, on April 2. The thesis provides insights that can be used by foreign firms contemplating to enter China in one way or the other, Chinese entrepreneurs in high-tech sectors and policy makers inside and outside of China.
02-04-2009
 
 
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