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.
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.
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.
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.
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.
In the current edition of Nature, Gail Whiteman, Professor of Sustainability and Climate Change, reviews the book Climate Capitalism: Capitalism in the Age of Climate Change by L. Hunter Lovins and Boyd Cohen.
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.
How should investors respond to asset price bubbles? By riding them, argue Dr. Erik Kole, Assistant Professor in Financial Econometrics, and his co-authors. Their paper ‘Riding bubbles’ earned them the 2011 Crowell Second Prize from the quantitative research group of PanAgora Asset Management in Boston.
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.
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”.