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ERIM Awards Ceremony 2011: and the awards go to…
At the tenth annual
ERIM Awards Ceremony,
ERIM honoured its best researchers of the joint graduate school of the Rotterdam School of Management, Erasmus University (RSM) and the Erasmus School of Economics (ESE). The prizes are divided into different academic disciplines such as the Dissertation Award, the Book Award and the Impact Award.
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 15-12-2011
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Grant for research on sustainable innovation
How can firms successfully translate sustainability strategies into innovation? To answer this question, NL Agency recently awarded a research grant of € 0.5 million to a team of researchers from Erasmus University. With Professor Jan van den Ende as project leader, they will study sustainable innovation in cooperation with innovating companies.
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05-12-2011
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Econometric Advances in Diffusion Models
Diffusion models, although introduced in marketing over 40 years ago, have recently found their way into the toolbox of marketing management. Diffusion models can be used to explain the pattern of the adoption of products, where adoption is the first time a customer buys a product. In particular, these models can be used to explain the first time purchase of a product or service, or the sales of a durable good, as customers often purchase these goods only once.
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03-12-2011
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Customer First? The Relationship between Advisors and Consumers of Financial Products
Consumers face difficulties dealing with interest rates. Not only are they generally unable to correctly estimate the number of months it takes to settle a loan, they also systematically underestimate this number of months of payments. In her dissertation entitled
Customer First? The Relationship between Advisors and Consumers of Financial Products, PhD candidate Anita Vlam argues that a simple tool for consumers should be available to help the consumers obtaining information on interest rates.
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03-12-2011
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End-of-Life Inventory Decisions of Service Parts
As technology development advances, new products are being introduced to the market everyday, making it harder for the production of some products to survive. However, companies are obliged to satisfy demands for service parts of the old generation products, due to warranty or service contracts. Thus, on the one hand, service satisfaction is a priority for firms and on the other hand excessive parts being held renders extra carrying cost and risk of obsolescence. In his dissertation entitled
End-of-Life Inventory Decisions of Service Parts, PhD candidate Morteza Pourakbar attempts to explain that in order to mitigate these risks, firms resort to employing various countermeasures.
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03-12-2011
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First copy of Innovatie 3.0 presented at EURAM Mini-Conference on Management Innovation
How can Dutch companies improve their innovative strength? Researchers at INSCOPE, a research centre for innovation in business, bundled their insights and practical advice in the book
Innovatie 3.0. Its release on November 25 marked INSCOPE’s fourth anniversary. The first copy of the book was presented to Pauline van der Meer Mohr, President of the Executive Board of Erasmus University Rotterdam, at the EURAM Mini-Conference on Management Innovation, an international congress for Management Innovation.
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25-11-2011
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Ting Li runner-up in Aart Bosman Prize
Assistant Professor Ting Li won second place in the Aart Bosman Prize competition for her ‘perfectly-executed’ PhD thesis 'Informedness and Customer-Centric Revenue Management' (2009), which provides organisations with tools to better deal with the information society and its challenges.
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21-11-2011
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The Value of Accounting
Fair value estimates of debt and equity securities play an increasingly important role in the economy. For example, International Financial Reporting Standards require companies to report many of their investments at fair value on the balance sheet or to use fair values in goodwill impairment tests. In his inaugural address, Erik Peek discussed such use of market prices in measuring fair values and benchmark the price-based approach against fundamental valuation approaches, such as multiples based and full-information based valuation.
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07-11-2011
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Understanding the working of markets: boundedly rational behaviour of market participants
Economic modeling can be seen as a major tool to analyze and interpret the working of markets. In his dissertation entitled
Computational and Game-Theoretic Approaches for Modeling Bounded Rationality, PhD candidate Ludo Waltman introduces approaches to economic modeling that are unconventional in the way that they do not rely on the assumption that economic agents behave fully rational. Instead, economic agents are assumed to be boundedly rational which brings numerous consequences on how economic reality is modeled.
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28-10-2011
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Visualizing the world of science
Maps have long been used predominantly for showing geographical information. However, in his dissertation entitled ‘Methodological Advances in Bibliometric Mapping of Science’, PhD candidate Nees Jan van Eck focuses on maps beyond showing geographical information by providing techniques to visualize all kinds of intellectual landscapes.
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28-10-2011
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Social entrepreneurship: welfare phenomenon attracts entrepreneurs with a deviant profile
Many inspiring cases of entrepreneurs who are successfully addressing the most pressing ills of our time make social entrepreneurship a promising field with a ‘warm glow’. Despite the growing attention from media, support organizations, policymakers, business schools, and researchers, we still know little regarding the social entrepreneur and its occurrence.
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18-10-2011
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Steering Through: How Organizations Negotiate Permanent Uncertainty and Unresolvable Choices
Multinational companies, public bureaucracies, and individuals often have to function in societies devoid of permanent institutions and common agreements on moral preferences. It is interesting to analyze the process through which organisations negotiate and steer through the divergent conflicting demands that arise from such a fractured and transforming global society.
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14-10-2011
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Information Content of Mutual Fund Portfolio Disclosure
Mutual funds have been among the largest investors in the U.S. economy and world financial markets for the past 20 years. Where does the enormous appeal of mutual funds among investors come from? Do actively managed portfolios add value?
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05-10-2011
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The Impact of Investor Demand on Security Offerings
On the supply side of the market for convertible bonds, firms generally aim for financing under the most favourable conditions. On the demand side of the market, investors such as hedge funds look for an interesting investment opportunity. So where do they meet? And how? Research indicates that firms may be influenced to implement policies that cater to investors in order to raise funds.
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04-10-2011
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On the Psychology of Displaying Ethical Leadership: A Behavioral Ethics Approach
Given the abundance of recent high-profile ethical scandals, it is not surprising that social scientists have increasingly turned their attention to the subject of ethical leadership. After all, leaders are expected to not only act ethically themselves, but also to promote ethical behaviour among their employees.
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04-10-2011
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Structure and Cooptition in Urban Networks
Over the past decades, demographic changes, advances in transportation and communication technology, and the growth of the services sector have had a significant impact on the spatial structure of regions. To what extent are regions becoming more polycentric and spatially integrated? Are relationships between cities in polycentric, spatially integrated regions complementary rather than competitive?
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29-09-2011
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Koen Dittrich receives Emerald Award for study on R&D alliances
How can R&D collaborations help companies face rapidly changing environments? Koen Dittrich and Geert Duysters answered this question by studying the case of Nokia. The resulting article has earned them an Emerald Citation of Excellence Award.
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29-09-2011
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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).
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14-09-2011
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A behavioural approach to operations management at ECBOM
Human beings don’t behave rationally, but the vast majority of research into supply chain management still builds upon the assumption that they do. At the new Erasmus Centre for Behavioural Operations Management (ECBOM), an interdisciplinary research team brings the understanding of human behaviour into operations management.
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13-09-2011
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Wendy van Ginkel earns NWO grant
What are the effects of team diversity upon individual performance? The NWO recently awarded Dr. Wendy van Ginkel €200,000 to hire a PhD candidate to explore this question.
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12-09-2011
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NWO awards Veni grants to three ERIM members
Nailya Ordabayeva, Bram van den Bergh and Michel van der Wel were awarded Veni grants by the Dutch Organisation for Scientific Research (NWO). All will receive up to €250,000 to carry out follow-up research for three years. ERIM is very proud and congratulates the three recipients with this great achievement.
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23-08-2011
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ERIM's new Associate Director: Finn Wynstra
Marno Verbeek, the Scientific Director of ERIM, announces that Finn Wynstra, Professor of Purchasing and Supply Management, will take up a new role as ERIM's Associate Director.
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22-08-2011
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The CASSANDRA project: where is my cargo at?
How can we obtain more information about containers, their cargo, location and status during transport? Business and government are looking for ways to increase operational efficiency and effectiveness. Higher quality information should enable more advanced risk assessment. That is the focus of the CASSANDRA project, which will in part be carried out by researchers and PhD students from RSM and Erasmus Smart Port Rotterdam.
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01-08-2011
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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.
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25-07-2011
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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.
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18-07-2011
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ERIM re-accredited by KNAW
ERIM has received the official confirmation on re-accreditation by the Royal Netherlands Academy of Arts and Sciences (KNAW). ERIM received a very positive peer review report and the KNAW was impressed by the quality of the ERIM research, the ERIM doctoral programme and the ERIM support organisation.
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12-07-2011
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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.
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07-07-2011
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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.
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07-07-2011
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Breast cancer communications often play by the wrong rulebook
Breast cancer communications often feature cues that refer to a woman’s gender identity, such as pink backgrounds, pink ribbons, or simply other women. In a recent study, Associate Professor Stefano Puntoni and his colleagues found that such gender cues are actually counterproductive. Rather than raising awareness about breast cancer, they trigger a defensive reaction that makes women feel less vulnerable to the disease.
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21-06-2011
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'Do something different' to make service profitable
“Start something! Do something different!” encouraged Roland Rust, distinguished Professor in marketing, at the first edition of the Erasmus Management Lecture. On May 31 and June 1, the Professor led a series of four PhD-level lectures and discussions on cutting-edge research issues, under the general theme of making the provision of service into a profitable part of business. The lecture was hosted by ERIM.
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16-06-2011
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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.
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10-06-2011
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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.
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10-06-2011
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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.
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10-06-2011
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96% of world’s largest companies collaborate with governments or NGOs to achieve CSR goals
Whether it is about innovation, efficiency enhancement, delivering public goods, managing climate change or fighting poverty, as many as 96 per cent of the world’s largest companies collaborate in at least 18 different partnerships with governments and NGOs, find Rob van Tulder and his team. Van Tulder is the Academic Director of the newly established Partnerships Resource Centre.
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01-06-2011
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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.
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13-05-2011
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Investors frequently receive price-sensitive information from companies in one-on-one meetings, find Erik Roelofsen and Gerard Mertens
Investors and analysts regularly get price-sensitive information in one-on-one meetings with corporate executives. That is shown by a just-released study carried out among about 400 investors and analysts around the world. Almost half of respondents (47%) say they intentionally or unintentionally receive “material” information in these talks. “This leads to inequality between investors and may distort the market,” says research leader Dr. Erik Roelofsen, who is a researcher at Erasmus University and also a director for PwC in the Netherlands. He and his colleague, Professor Gerard Mertens therefore advocate greater transparency on the part of companies, which, for example, could explicitly tell to whom they have spoken and when they did so.
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12-05-2011
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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.
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02-05-2011
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Inventors and innovative consumers in the Netherlands
Policymakers generally assume that innovation happens in companies and organisations. In their view, the activities of individual inventors pale in comparison. However, Dr. Jeroen de Jong contradicts this view in a pioneering study, mapping out the number and characteristics of Dutch inventors. The study is a joint project of EIM Business and Policy Research, the Dutch Association of Inventors (NOVU), and Erasmus University Rotterdam.
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28-04-2011
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Justin Jansen urges businesses to ‘be more creative for business success’
Dutch organisations put too much effort into improving existing processes, products and services when they could achieve greater business success by being more creative and entrepreneurial, according to Justin Jansen, Professor of Corporate Entrepreneurship at Erasmus University. On 14 April, he presented his ideas for a more entrepreneurial business future in his inaugural address, entitled:
“Corporate Entrepreneurship: Sensing and Seizing Opportunities for a Prosperous Research Agenda”.
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21-04-2011
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Reliability and Rankings
Questionnaires are an important way to gather information about large populations for both qualitative and quantitative research. Hence, the value of a good questionnaire design and the quality of questionnaire data cannot be emphasised enough. By improving the methodology to analyze collected data, information can be obtained more efficiently and the quality of the information in the data can be increased. In her thesis, entitled Reliability and Rankings, Kar Yin Lam discusses some aspects of the statistical analysis of measurement data obtained via questionnaires. She proposes new methodologies to collect consumer preferences data measured as partial rankings data, especially in the context of conjoint measurements.
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20-04-2011
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George Hendrikse takes part in EU study: “Support for Farmers’ Cooperatives”
Professor George Hendrikse, Scientific Director of the Erasmus Centre for Cooperatives, is taking part in the EU study "Support for Farmers' Cooperatives". The study should provide the background knowledge required to help European farmers organise themselves in cooperatives, by describing current forms of producer organisations in European agriculture and by identifying measures that have proved to be effective in supporting those organisations.
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14-04-2011
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Paradigm shift needed in business education
“If we want to save the world, we have to reinvent business education.” This is the recommendation of an Engaged Business Leaders’ Forum held on Friday 1 April, an invitation-only event attended by 17 distinguished guests. The event was organised by Professor Gail Whiteman. The group of senior executives of leading companies, environmental organisations and foundations, included H.R.H. Princess Irene of the Netherlands, chair of the Lippe-Biesterfeld Natuurcollege, and H.R.H. Prince Carlos de Bourbon de Parme, director of the Institute for Sustainable Innovation and Development (INSID).
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08-04-2011
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Making Sense of Climate Change: How to Avoid the Next Big Flood -- Management Lessons for the 21st Century
On Friday 1 April 2011 Gail Whiteman presented her inaugural address entitled ‘Making Sense of Climate Change: How to Avoid the Next Big Flood -- Management Lessons for the 21st Century’. The focus of this lecture was how to make better sense of climate change. Professor Whiteman argued that it is essential for managers and academics to take a more systemic approach and collaborate with the natural sciences and local people. She ended with management lessons for the 21st Century.
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07-04-2011
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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.
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06-04-2011
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Gail Whiteman introduces the Eco-Toga
For her inaugural address on 1 April 2011, Professor Gail Whiteman, Ecorys NEI Chair in Sustainability & Climate Change, will wear an Eco-Toga made of Returnity fabric. This fabric is Cradle to Cradle (C2C) certified, produced with a low environmental and social impact and is, after use, totally recyclable.
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01-04-2011
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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.
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31-03-2011
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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.
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31-03-2011
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Green offices: a good investment
Offices with a green energy label can achieve rents that are on average 6.5 per cent higher than those paid for comparable non-green offices, argue Dr. Maarten Jennen and his colleague Dr. Nils Kok from Maastricht University. They analysed almost 1,100 recent rental transactions in the Dutch office market. Alongside a green energy label, office rental prices are also higher if the buildings are located near a railway station.
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24-03-2011
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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.
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15-03-2011
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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.
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10-03-2011
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Collaboration results in NWO-WOTRO subsidy
The Erasmus School of Economics has won a €700k NWO-WOTRO subsidy for a 4-year project entitled: ‘Escaping the Middle-income country trap: targeted and pragmatic policies for technological upgrading and worker-inclusive industrial strategies as drawn from a firm-level analysis of the Philippines & Thailand’. Professor Rob van Tulder, Academic Director of the SCOPE centre for international business and sustainable development, will play an important role in the project.
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10-03-2011
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Ingrid Verheul on Women and Entrepreneurship
Dr. Ingrid Verheul, Assistant Professor of Entrepreneurship, was interviewed on 26 February on the topic of Women and Entrepreneurship by Dutch Radio 1 programme TROS In Bedrijf.
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08-03-2011
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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.
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08-03-2011
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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.
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07-03-2011
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Ale Smidts and Paul Wouters receive NWO grant to lead European project on the neuro-turn in social sciences
Ale Smidts, Professor of Marketing Research and Director of the Centre for Neuroeconomics at the Erasmus University Rotterdam and Paul Wouters, Professor of Scientometrics and Director of the Centre for Science and Technology Studies at Leiden University, have received an NWO “Open Research Area” grant. Over a period of three years, they will receive a total subsidy of € 210,000 to lead a European project on the “Neuro turn in European Social Sciences and the Humanities: Impacts of neurosciences on economics, marketing and philosophy” (acronym: NESSHI).
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01-03-2011
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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.
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17-02-2011
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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.
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01-02-2011
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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.
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01-02-2011
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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.
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19-01-2011
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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.
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19-01-2011
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Investors optimistic about earnings, but not about European economy
A large majority of analysts and investors is optimistic about earnings announcements to be released in the next few weeks. Optimism about the European economy is, however, clearly lagging behind optimism for other regions. Discomfort about the European sovereign debt crisis lies at the heart of this, according to recent research amongst some 400 analysts and institutional investors worldwide performed by Erasmus University in co-operation with PwC. The research is initiated by Dr. Erik Roelofsen, researcher at Erasmus University and director at PwC, and Professor Gerard Mertens.
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14-01-2011
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Erasmus Research Institute of Management >
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2011
