Research Bulletin I Issue 51 I Sep - Dec 2019 I Academic Year 2019-2020

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Research Bulletin Issue 51 I Sep-Dec 2019 I Academic Year 2019-2020

MEET OUR VICE-DEAN

“

Our Law School’s legal science research is based on three premises which should inspire the strategy and management of the research activity: focus, containment and usefulness

”

Sergio Llebaría, Vice-Dean of Faculty & Research, Esade Law School

I would like to take this opportunity to say a few words about our Law School’s particular commitment to research in legal science.

I should warn those less familiar with this science that, generally speaking, such research makes use of real methods, processes and dissemination, which do not always correspond with those used in other sciences (even social sciences). It is generally agreed that, as an ultimate goal, legal research pursues the defence of reasoned and reasonable arguments aimed, in terms of justice, effectiveness and efficiency, at improving the legal system.

Adhering to criteria on sustainability, reputation and brand, our Law School’s legal science research is based on three premises which should inspire the strategy and management of the research activity: focus, containment and usefulness.

Focus. Research is becoming increasingly like the works of a choir. And it is clearly unlikely to succeed unless we first have good soloists. The vastness of the subject means there is a tendency not only for dispersion, but also for the weakening of the specialisation, and it needs to be consolidated as a model. The only antidote to all this is the clear delimitation of a specific subject area for research in which to concentrate the focus, efforts and resources. And, for us, this area is economic and business law.

Containment. Two qualities that always impress me in a researcher are - without underestimating any others - humility and nonconformity. Along with talent, perhaps like a more natural gift, it is not easy to find the right balance between them. I believe in this triad as a reliable assurance of quality research.

However, official, institutional or corporate stimuli do not always help in achieving this balance. The irrepressible impulses in response to these stimuli sometimes lead to quality being pushed aside or lost in favour of quantity. This is a temptation that must be resisted. To aspire to excellence in this area, as in any other, means not only maturing and progressing, but also never settling for less.

Dividing work proportionally, prioritising objectives and knowing how to resist the temptation of measuring scientific production more by its weight are essential virtues for our researchers.

Usefulness. Containment will lead to the excellence we seek if the research is also useful. Whether or not this is the case is something that should be decided by the recipients of the research. However, at least in law, this aspect is not always clear. The lack of clarity often leads to the usefulness of the research being confused with the usefulness for the researcher. Institutionally we are interested in the former (which always results in the latter, but not vice versa). Usefulness means not limiting yourself to complying with the official criteria to measure research, which are often changeable, and at times anachronistic. Usefulness also means that the research provides analytical capacity to participate with strength, conviction and objectivity in the anticipation, selection, diagnosis, treatment and resolution of real and current, not made-up or far-fetched, problems (living law, going beyond the applicable law).

Lastly, usefulness means the ability to transcend not only in society as a potential consumer of our proposals, but in teaching; in other words, in the design and execution of the training we provide. Let’s not forget that teaching is our living, our genuine jewel in the crown, which we need to preserve at all costs.

As an institution, our legal science research must move towards having its own identity and personality. Rather than Esade being characterised by conducting research, we need research that characterises Esade. Let’s use these brief ideas to focus our efforts on achieving that goal.

January, 2020

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We have reached the number of 6,000 validated publications at Faculty Bio, and we want to share this milestone with you!

Thanks for your collaboration by submitting your research through Faculty Bio! Most of these publications are available through ESADE Knowledge, and some of them are restricted access (only available for the ESADE community).

Esade Knowledge provides access to over 6,000 academic publications since 1974.

More than 25% of this academic output was produced from 2015 to 2019.

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Table of Contents ARTICLES WITH IMPACT FACTOR .......................................................................................... 5 QUARTILE 1 .................................................................................................................... 5 QUARTILE 2 .................................................................................................................. 11 QUARTILE 3 .................................................................................................................. 14 QUARTILE 4 .................................................................................................................. 16 OTHER ARTICLES IN ESADE RECOMMENDED LIST: ................................................................ 17 2* ................................................................................................................................ 17 1* ................................................................................................................................ 18 ACADEMIC PEER REVIEWED & PROFESSIONAL JOURNALS ..................................................... 20 BOOKS ........................................................................................................................... 24 INTERNATIONAL PUBLISHERS .......................................................................................... 24 NATIONAL PUBLISHERS .................................................................................................. 25 BOOK CHAPTERS ............................................................................................................. 27 INTERNATIONAL PUBLISHERS .......................................................................................... 27 NATIONAL PUBLISHERS .................................................................................................. 29 ACCEPTED PAPERS IN ACADEMIC CONGRESSES .................................................................. 31 CASES ............................................................................................................................ 33 ESADE'S PUBLICATIONS .................................................................................................... 34 NEW PHD CANDIDATES ..................................................................................................... 36 VISITING PROFESSORS ..................................................................................................... 38 COMPETITIVE RESEARCH PROJECTS WHICH HAVE WON FUNDING ........................................... 40 EUROPEAN ................................................................................................................... 40 NATIONAL .................................................................................................................... 41 OTHER NON COMPETITIVE RESEARCH PROJECTS WHICH HAVE WON FUNDING ......................... 42 INTERNATIONAL ............................................................................................................ 42 AGENCIES' EVALUATION ................................................................................................... 43 ACCREDITATIONS .......................................................................................................... 43 MERITS IN RESEARCH .................................................................................................... 44 AWARDS ......................................................................................................................... 45 RESEARCH SEMINARS ...................................................................................................... 46

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ARTICLES WITH IMPACT FACTOR

QUARTILE 1

Barja, A., MartĂ­nez, A., Arenas, A., Fleurquin, P., Nin, J., Ramasco, J. J. & et al. (2019). Assessing the risk of default propagation in interconnected sectoral financial networks. EPJ Data Science, 8 (Dec 2019), pp. 422-442. DOI: 10.1140/epjds/s13688-019-0211-y. IF: 3.262 (2018) Cuartiles: Q1 Mathematics, Interdisciplinary Applications Q1 Social Sciences, Mathematical Methods Systemic risk of financial institutions and sectoral companies relies on their inter-dependencies. The inter-connectivity of the financial networks has proven to be crucial to understand the propagation of default, as it plays a central role to assess the impact of single default events in the full system. Here, we take advantage of complex network theory to shed light on the mechanisms behind default propagation. Using real data from the BBVA, the second largest bank in Spain, we extract a financial network from customer-supplier transactions among more than 140,000 companies, and their economic flows. Then, we introduce a computational model, inspired by the probabilities of default contagion, that allow us to obtain the main statistics of default diffusion given the network structure at individual and system levels. Our results show the exposure of different sectors to default cascades, therefore allowing for a quantification and ranking of sectors accordingly. This information is relevant to propose countermeasures to default propagation in specific scenarios.

Brunswicker, S., Almirall , E. & Majchrzak, A. (2019). Optimizing and satisficing: The interplay between platform architecture and producers' design strategies for platform performance. MIS Quarterly: Management Information Systems, 43 (4), pp. 1249-1277. IF: 4.373 (2018) Cuartiles: Q1 Computer Science, Information Systems Q1 Information Science & Library Science Q1 Management ABS: 4* (2018) CARHUS: A (2018) ESADE: 4 (2015) FT50 (2017) Two-sided platforms are gaining increasing attention in practice and as the subject of IS and management research. We explore an assumption of research and practice: that a platform's architecture needs to be decoupled so that producers can easily mix and match the platform's design elements (APIs, code libraries, process models, etc.) into apps that perform well competitively, and insulate the platform from skewed outcomes and low market performance. However, in practice, complete decoupling is not just difficult but almost impossible. Based on more than two million runs of an exploratory NK model in which producers use a platform's design space for the creation of apps, we generate several surprising insights. First, we show that tighter coupling may not necessarily be harmful depending on the producers' design strategies and the amount of constraints placed on design elements. Second, we observe that if moderate to tightly coupled platforms with optimizing producers focused exclusively on being competitive, platform performance is lower compared to platforms with satisficing producers who put a lower priority of being competitive because of other interests. This is surprising since optimizers are better suited to cope with the inherent uncertainty of coupling. Finally, moderately coupled platforms can outperform platforms with loose coupling when constraints nudge producers into distant design moves while also isolating them from downside uncertainty. These three findings offer implications for multiple streams of literature on platform architectures.

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BuldĂş, J. M., Busquets Carretero, J., Echegoyen, I. & Seirul.lo, F. (2019). Defining a historic football team: Using Network Science to analyze Guardiola's F.C. Barcelona. Scientific Reports, (9), pp. 590600. DOI: 10.1038/s41598-019-49969-2. IF: 4.011 (2018) Cuartiles: Q1 Multidisciplinary Sciences The application of Network Science to social systems has introduced new methodologies to analyze classical problems such as the emergence of epidemics, the arousal of cooperation between individuals or the propagation of information along social networks. More recently, the organization of football teams and their performance have been unveiled using metrics coming from Network Science, where a team is considered as a complex network whose nodes (i.e., players) interact with the aim of overcoming the opponent network. Here, we combine the use of different network metrics to extract the particular signature of the F.C. Barcelona coached by Guardiola, which has been considered one of the best teams along football history. We have first compared the network organization of Guardiola's team with their opponents along one season of the Spanish national league, identifying those metrics with statistically significant differences and relating them with the Guardiola's game. Next, we have focused on the temporal nature of football passing networks and calculated the evolution of all network properties along a match, instead of considering their average. In this way, we are able to identify those network metrics that enhance the probability of scoring/receiving a goal, showing that not all teams behave in the same way and how the organization Guardiola's F.C. Barcelona is different from the rest, including its clustering coefficient, shortest-path length, largest eigenvalue of the adjacency matrix, algebraic connectivity and centrality distribution.

Casanovas-Rubio, M. d. M., Pujadas, P., Pardo-Bosch, F., Blanco, A. & Aguado, A. (2019).

Sustainability assessment of trenches including the new eco-trench: A multi-criteria decision-making tool. Journal of Cleaner Production, (238), pp. 117957-117957. DOI: 10.1016/j.jclepro.2019.117957.

IF: 6.395 (2018) Cuartiles: Q1 Engineering, Environmental Q1 Environmental Sciences ABS: 2 (2018) ESADE: 3 (2015) Narrow trenches are a common technique for the installation of utility pipelines of small diameter. The excavated soil is not always appropriate as landfill and, in those cases, an appropriate soil from somewhere else (ex. a borrow pit or another construction site) should be used instead (classical solution, CS). Another common solution is to use a controlled low-strength (cementitious) material (CLSM) as backfill instead of compacted soil. However, both solutions lead to increased raw material consumption, waste generation, need for transportation, and CO2 emissions. In an attempt to address these issues, researchers developed an eco-trench (ECO) that reuses the excavated soil of narrow trenches to produce a controlled low-strength material to be used as landfill. Although technically viable, the sustainability of this solution versus the traditional solution has not been properly addressed. Hence, this paper aims to develop a method for the sustainability assessment of trenches. The Sustainability Index of Trenches (SIT), based on the MIVES decision-making method, enables the assessment and prioritisation of different types of trenches according to sustainability criteria. Criteria, indicators, weights and value functions were specifically defined based on seminars with experts in the field of utility services and construction. A case study was performed in which four types of trenches (CS, CS with recycling CS + R, CLSM and ECO) were assessed and prioritised according to SIT. ECO resulted in the most sustainable alternative with a SIT of 0.80 out of 1 followed by CS + R, CS and CLSM with SITs of 0.63, 0.40 and 0.38 respectively. The sensitivity analysis showed consistent results in different scenarios. These findings demonstrate the capability and reliability of SIT as a decision-making tool for the evaluation of the sustainability of different construction processes for trenches and the prioritisation of the most suitable solution for different situations.

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De Langhe, B. & Fernbach, P. M. (2019). The dangers of categorical thinking. Harvard Business Review, (Sept-Oct 2019), pp. 80-91. IF: 5.691 (2018) Cuartiles: Q1 Business Q1 Management ABS: 3 (2018) CARHUS: B (2018) ESADE: 3 (2015) FT50 (2017) BW20 (2012) Human beings are categorization machines, taking in voluminous amounts of messy data and then simplifying and structuring it. That's how we make sense of the world and communicate our ideas to others. But according to the authors, categorization comes so naturally to us that we often see categories where none exist. That warps our view of the world and harms our ability to make sound decisions-a phenomenon that should be of special concern to any business that relies on data collection and analysis for decision making. Categorical thinking, the authors argue, creates four dangerous consequences. When we categorize, we compress category members, treating them as more alike than they are; we amplify differences between members of different categories; we discriminate, favoring certain categories over others; and we fossilize, treating the categorical structure we've imposed as static. In the years ahead, companies will have to focus attention on how best to mitigate those consequences.

Evangelidis, I. & van Osselaer, S. M. J. (2019). Interattribute evaluation theory. Journal of Experimental Psychology: General, 148 (10), pp. 1733-1746. DOI: 10.1037/xge0000552. IF: (2018) Cuartiles: Q1 Psychology, Experimental CARHUS: A (2018)

3.498

In this article we advance a theory that describes how people evaluate attribute values. We propose that evaluations involve a target and a reference value. Evaluators first seek a reference value on the target attribute (e.g., an average value or another stimulus's value on that same attribute). However, in the absence of same-attribute information, evaluators may instead rely on the target stimulus's own value on another attribute and make an evaluation about the target in one of two ways. First, the individual may compare the target attribute value to the stimulus's value on a reference attribute. The evaluator is more likely to engage in an interattribute comparison when the target attribute value is relatively evaluable and compatible with the reference value. Second, the individual may infer the magnitude of the target value based on his or her judgment about the extremity (e.g., the goodness or badness) of the stimulus's value on a reference attribute and the perceived correlation between the target attribute and the reference attribute. The evaluator is more likely to make an inference about the target value based on the reference when the target is low in evaluability and is less compatible with the reference value. Two attribute values are considered to be more compatible when their scale format is more similar. We provide support for our framework in 14 studies.

Hehenberger, L., Mair, J. & Metz, A. (2019). The assembly of a field ideology: An idea-centric perspective on systemic power in impact investing. Academy of Management Journal, 62 (6), pp.

1672-1704. DOI: 10.5465/amj.2017.1402. IF: 7.191 (2018) Cuartiles: Q1 Business Q1 Management ABS: 4* (2018) CARHUS: A (2018) ESADE: 4 (2015) FT50 (2017) BW20 (2012) We advance a novel idea-centric perspective to study power-laden aspects of institutional life in fields. Our study includes data from the field of impact investing in Europe from 2006-2018, collected from the inside and analyzed collaboratively by inside and outside researchers. We develop an analytical tool based on dichotomies to detect latent forms of conflict that easily remain unnoticed and to see how some ideas become dominant while others are abandoned or sidelined. We display the assembly of a field ideology - a coherent system of ideas that shapes thinking and acting in a field. Furthermore, we specify suppression as a mechanism that gives rise and perpetuates systemic power in fields restricting options and shaping what is valued. Our study provides insights into the dynamic nature of institutional life in fields, including alternative paths not taken and possible futures.

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Longoni, A., Luzzini, D., Pullman, M. & Habiague, M. (2019). Business for society is society's business: Tension management in a migrant integration supply chain. Journal of Supply Chain Management, 55 (4), pp. 3-33. DOI: 10.1111/jscm.12213. IF: 7.125 (2018) Cuartiles: Q1 Management ABS: 3 (2018) CARHUS: A (2018) ESADE: 3 (2015) Social enterprises are acquiring an increasingly relevant role as focal organizations for managing supply chains to address social problems. We argue that the presence of misaligned institutional logics between these focal organizations and their supply chain stakeholders generates tensions. Building on institutional theory and paradox theory, we analyzed seven dyadic relationships between a single focal social enterprise with a goal of migrant integration and its supply chain stakeholders. We propose relationship management mechanisms related to relationship governance, power, and trust to manage such tensions. We observe the application of different relationship management mechanisms relative to different types of tensions. Finally, we relate different relationship management mechanisms to specific tension management approaches referred to as complementarity, acceptance, and accommodation, and offer propositions based on our findings.

Manolov , R., Solanas , A. & Sierra, V. (2019). Extrapolating baseline trend in single-case data: Problems and tentative solutions. Behavior Research Methods, 51 (6), pp. 2847-2869. DOI: 10.3758/s13428-018-1165-x. IF: 4.063 (2018) Cuartiles: Q1 Psychology, Experimental Q1 Psychology, Mathematical CARHUS: A (2018) ESADE: 3 (2015) Single-case data often contain trends. Accordingly, to account for baseline trend, several data-analytical techniques extrapolate it into the subsequent intervention phase. Such extrapolation led to forecasts that were smaller than the minimal possible value in 40% of the studies published in 2015 that we reviewed. To avoid impossible predicted values, we propose extrapolating a damping trend, when necessary.

Furthermore, we propose a criterion for determining whether extrapolation is warranted and, if so, how far out it is justified to extrapolate a baseline trend. This criterion is based on the baseline phase length and the goodness of fit of the trend line to the data. These proposals were implemented in a modified version of an analytical technique called Mean phase difference. We used both real and generated data to illustrate how unjustified extrapolations may lead to inappropriate quantifications of effect, whereas our proposals help avoid these issues. The new techniques are implemented in a user-friendly website via the Shiny application, offering both graphical and numerical information. Finally, we point to an alternative not requiring either trend line fitting or extrapolation.

Pardo-Bosch, F., Cervera GĂłmez, C. & Ysa, T. (2019). Key aspects of building retrofitting: Strategizing sustainable cities. Journal of Environmental Management, 248 (2019), pp. 109247109247. DOI: 10.1016/j.jenvman.2019.07.018. IF: 4.865 (2018) Cuartiles: Q1 Environmental Sciences ABS: 3 (2018) ESADE: 3 (2015) Many cities are making efforts to develop an urban transformation strategy in order to transition from traditional cities to sustainable ones.

Improving the energy efÂżciency of buildings, especially existing ones, is key to combating climate change. This paper uses a business perspective to analyze and compare three major retrofitting interventions under implementation in three different European cities, Nantes, Hamburg and Helsinki, to capture the principal needs and challenges and to identify governance recommendations for local authorities on building retrofitting replication and scale-up strategies. The authors analyze the municipal business models of residential building retrofitting

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interventions, which are very different from those of private companies, through two innovative business tools: the Value Creation Ecosystem (VCE) and the City Model Canvas (CMC). Sustainable development in terms of social inclusion, environmental protection and financial viability is the principal axis of the study. The bottleneck for residential building retrofitting is owner engagement, due to the high up-front cost. The analysis of the three cities' business models has shown interesting ideas for promoting this type of interventions. The development of a costumer interface lead by the municipality; the offering of funding schemes, the promotion of risk-sharing schemes and guaranteed saving, through the implementation of EPC, and the owners' involvement in co-creation strategies using 4ÂżP approaches could all help city governments to increase the ratio of owners willing to participate. These results and the discussion will help public managers to prepare their cities' strategies in terms of business models when they try to implement building retrofitting projects.

Rodrigo RamĂ­rez, P., Aqueveque, C. & DurĂĄn Pinochet, I. J. (2019). Do employees value strategic CSR? A tale of affective organizational commitment and its underlying mechanisms. Business Ethics: A European Review, 28 (4), pp. 459-475. DOI: 10.1111/beer.12227. IF: 2.919 (2018) Cuartiles: Q2 Business Q1 Ethics ABS: 2 (2018) ESADE: 2 (2015) Virtually all studies that focus on the relationship between CSR perceptions and employees' organizational commitment have not taken into consideration the fit between social and environmental activities and a firm's business-unit strategy. This is essential to inquire because scholars have argued that when companies ingrain CSR activities into their strategy-making process (i.e., in their vision, mission, and overall business model), this might send a more compelling message that resonates closer to workers' personal standards, and actually enhance employee-level outcomes. Nevertheless, there is no certainty "if" and "how" these evaluations could affect employees' organizational commitment. To address this issue, we use cue consistency theory and social identity theory as overarching frameworks to develop a model where we conceptually link perceptions of strategy-CSR fit with a particular type of organizational commitment: affective. In addition, we posit and test three mediators to understand the underlying psychological mechanisms of this relationship: perceived external prestige, organizational identification, and work meaningfulness. Through structural equation modeling, and using a heterogeneous final sample of 579 employees, we find compelling evidence to support the fact that strategy-CSR fit enhances employees' affective organizational commitment through the proposed mediators. Academic contributions and practical implications are then discussed.

Simonsohn, U., Vosgerau, J., Nelson, L. D. & Simmons, J. P. (2019). 99% impossible: A valid, or falsifiable, internal meta-analysis. Journal of Experimental Psychology: General, 148 (9), pp. 16281639. DOI: 10.1037/xge0000663. IF: 3.498 (2018) Cuartiles: Q1 Psychology, Experimental CARHUS: A (2018) Several researchers have relied on, or advocated for, internal meta-analysis, which involves statistically aggregating multiple studies in a paper to assess their overall evidential value. Advocates of internal meta-analysis argue that it provides an efficient approach to increasing statistical power and solving the file-drawer problem. Here we show that the validity of internal meta-analysis rests on the assumption that no studies or analyses were selectively reported. That is, the technique is only valid if (a) all conducted studies were included (i.e., an empty file drawer), and (b) for each included study, exactly one analysis was attempted (i.e., there was no p-hacking). We show that even very small doses of selective reporting invalidate internal meta-analysis. For example, the kind of minimal p-hacking that increases the false-positive rate of 1 study to just 8% increases the false-positive rate of a 10-study internal meta-analysis to 83%. If selective reporting is approximately zero, but not exactly zero, then internal meta-analysis is invalid. To be valid, (a) an internal meta-analysis would need to contain exclusively studies that were properly preregistered, (b) those preregistrations would have to be followed in all essential aspects, and (c) the decision of whether to include a given study in an internal meta-analysis would have to be made before any of those studies are run.

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Wiengarten, F., Fan, D., Pagell, M. & Lo, C. K. (2019). Deviations from aspirational target levels and environmental and safety performance: Implications for operations managers acting irresponsibly.

Journal of Operations Management, 6 (65), pp. 490-516. DOI: https://doi.org/10.1002/joom.1032. IF: 7.776 (2018) Cuartiles: Q1 Management Q1 Operations Research & Management Science ABS: 4* (2018) CARHUS: A (2018) ESADE: 4 (2015) FT50 (2017) The relationship between sustainable operations and a firm's financial performance has been an ongoing focus of operations management scholars. Previous literature has extensively explored the impact of acting responsibly on financial performance. This article applies the behavioral theory of the firm and prospect theory to assess the much-neglected reverse relationship, exploring whether a firm's relative aspirational financial performance impacts its likelihood of acting irresponsibly. Furthermore, we explore whether operational slack in the form of capacity, productivity, and inventory attenuates a firm's likelihood of acting irresponsibly when its actual financial performance deviates from its aspirational level. We use a matched pair design with privately held manufacturing firms in the United Kingdom who acted irresponsibly matched with similar firms who did not act irresponsibly. While most firms do not act irresponsibly, we find that the further a firm moves (positively or negatively) from its aspirational level of financial performance, the more likely it is to act irresponsibly. The results also indicate that slack generally does not prevent managers from acting irresponsibly, especially when performing relatively well. This study contributes to the sustainable operations literature and provides important theoretical, managerial, and policy implications.

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QUARTILE 2

Barbarà-i-Molinero, A., Sancha Fernández, C., Cascón Pereira, R. & Kruger, H. (2019). Facilitating the transition from being a geography student to becoming a geographer in Spain: The role of professional identity. Journal of Geography in Higher Education, 43 (4), pp. 505-526. IF: 1.533 (2018) Cuartiles: Q2 Education & Educational Research Q3 Geography CARHUS: B (2018) The transition between university studies and workplace is often described as a difficult and challenging process. In this paper, we propose a series of modifications to the curriculum of geography studies based on an exploration of both student and professional perceptions on the image of the geography profession and how they identify with it. Based on several interviews, we suggest a series of recommendations for curriculum design to reconcile the disagreement found between student and professional perceptions and to foster students' identification with professional images.

Bowers, A. & Prato, M. (2019). The role of third-party rankings in status dynamics: How does the stability of rankings induce status changes?. Organization Science, 30 (6), pp. 1146-1164. DOI: 10.1287/orsc.2019.1316. IF: 3.257 (2018) Cuartiles: Q2 Management ABS: 4* (2018) CARHUS: A (2018) ESADE: 4 (2015) FT50 (2017) Most explanations of status dynamics rely on market actor behavior or affiliation to other actors as the primary drivers of change. Yet status is increasingly mediated by third-party intermediaries, which impart status through their ordering of actors. Prior literature suggests that these rankers can affect status orders via changes in the underlying ranking methodology but offers little insight as to whether such changes reflect existing field beliefs or are self-interested. We advance a theory of ranker self-interest, whereby rankers adopt specific behavior to maintain audience attention and increase their chance for survival. We hypothesize that, by threatening audience attention, temporal stability in rankings (an endogenous property of many status systems) induces rankers to self-generate changes in the ranking. We examine the role of stability of rankings in promoting structural changes by rankers using Institutional Investor magazine's All-America Research Team (all-stars), a widely studied and eminently impactful ranking of equity analysts.

Courpasson, D. & Martí Lanuza, I. (2019). Collective ethics of resistance: The organization of survival in the Warsaw Ghetto. Organization, 26 (6), pp. 853-872. DOI: 10.1177/1350508418820993.

IF: 2.704 (2018) Cuartiles: Q2 Management ABS: 3 (2018) CARHUS: A (2018) This article aims to shed light on how 'powerless' people can organize to survive in situations of mass oppression. Research on powerlessness often explains compliance and political inaction by a culture of silence, generated from the sedimentation of numerous experiences of defeat.

We question this assertion by drawing from an illustration of certain inhabitants of the Warsaw Ghetto, who managed to create a micro-society and reclaim the social relations the Nazis sought to destroy. Building on the work of Schaffer, we explain these collective ethics of resistance as the view that people should actively participate in the creation and maintenance of their own social relations. Through this lens, we argue that ethics and resistance are intertwined.

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García-Altés, A., Peiró Posadas, M., & Artells Herrero, J. J. (2019). Priorización de medidas para la consolidación de la toma de decisiones compartidas en las prestaciones del sistema nacional de salud español. Gaceta Sanitaria, 33 (5), pp. 408-414. DOI: 10.1016/j.gaceta.2018.04.017. IF: 1.656 (2018) Cuartiles: Q3 Health Care Sciences & Services Q2 Public, Environmental & Occupational Health CARHUS: C (2018) Objetivo: Identificar y priorizar, por su relevancia, medidas, intervenciones e instrumentos indispensables para respaldar el establecimiento de un marco estratégico, en el Sistema Nacional de Salud de España, y garantizar el ejercicio corresponsable e informado de la autonomía de sus usuarios y pacientes en la toma de decisiones compartidas (TDC). Método: Consulta grupal, estructurada de acuerdo con procedimientos adaptados de las técnicas de tormenta de ideas (brainstorming), grupo nominal y método de consenso Rand. Resultados: Las 10 personas consultadas propusieron 53 posibles actuaciones centradas en medidas estructurales " macro" -soporte jurídico garantista, priorización explícita de la TDC, medidas curriculares del sistema docente y dinamización del cambio cultural-, "meso" -generación y difusión de información acreditada por líneas de investigación específicas e instrumentos de ayuda a la TDC-, y " micro" -como medidas de estímulo a la inserción de la TDC en la relación de agencia con la ciudadanía y usuarios del sistema sanitario-. Conclusiones: El consenso emergente de la consulta apunta a la necesidad de incorporar, a las prioridades estratégicas de la política sanitaria, medidas estructurales que avalen y dinamicen el desarrollo de la TDC en una serie de áreas específicas de evolución y cambio en la relación entre profesionales de la salud y pacientes como atributo de calidad en el acceso a las prestaciones y servicios del sistema público de salud.

Sancha Fernández, C., Wong, C.Y.W. & Giménez Thomsen, C. (2019). Do dependent suppliers benefit from buying firms' sustainability practices?. Journal of Purchasing & Supply Management, 25 (4), pp. 100542-100545. DOI: 10.1016/j.pursup.2019.100542. IF: 3.089 (2018) Cuartiles: Q2 Management ABS: 2 (2018) CARHUS: A (2018) ESADE: 2 (2015) In view of the limited understanding and research on the effect of sustainable supplier development practices on supplier performance, this study examines the impact that the implementation of assessment and collaboration practices have on supplier performance outcomes. In addition, we investigate the role that supplier dependence has on the performance outcomes of assessment on and collaboration with suppliers. Based on a sample of 129 Chinese manufacturing firms, we run a series of OLS regressions to test our theoretical models. The findings suggest that collaboration improves supplier performance, while assessment causes a deterioration. In addition, supplier dependence could be leveraged for suppliers to gain performance improvements through collaborative practices.

Valls Giménez, J. F., Mota, L., Freitas Vieira, S. C. F. & Santos, R. (2019). Opportunities for small tourism in Madeira. Sustainability, 11 (17), pp. 4534-4534. DOI: 10.3390/su11174534 . IF: 2.592 (2018) Cuartiles: Q2 Environmental Sciences Q2 Environmental Studies The slow tourism movement is gaining popularity as more destinations focus on the local environment and heritage experience. The approach to slow tourism usually occurs either when traditional destinations exhaust their life cycle with an evident reduction in sustainability, or when newly emerging destinations decide to develop in this way. The case of Madeira is different; the island has several decades of tourism development without excessive pressure or overcrowding, and in planning for the future it wants to sustain these conditions. Seeking to understand Madeira's perception of the development model, we surveyed entrepreneurs in Madeira's lodging, restaurant and bar, shopping,

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transportation, intermediation, and tourist activity industries, as well as its public sector. Even without having encountered the popularized the ideas of slow tourism, Madeira's tourism entrepreneurs show significant alignment with the values of quieter tourism. In contrast to its mature counterparts (i.e., Europe's other popular sun and beach destinations), for Madeira it is not a question of destroying or rehabilitating, but rather of continuing sustainable development processes. Our results suggest that although slow tourism is typically a reaction to a very advanced phase of the life cycle, it can be the result of an endogenous impulse, as is true for Madeira.

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QUARTILE 3

Barone Adesi, G., Finta, M, Legnazzi, C. & Sala, C. (2019). WTI crude oil option implied VaR and CVaR: An empirical application. Journal of Forecasting, 38 (6), pp. 552-563. DOI: 10.1002/for.2580.

IF: 0.816 (2018) Cuartiles: Q3 Economics Q4 Management ABS: 2 (2018) Using option market data we derive naturally forward-looking, nonparametric and model-free risk estimates, three desired characteristics hardly obtainable using historical returns. The optionÂżimplied measures are only based on the first derivative of the option price with respect to the strike price, bypassing the difficult task of estimating the tail of the return distribution. We estimate and backtest the 1%, 2.5%, and 5% WTI crude oil futures option-implied value at risk and conditional value at risk for the turbulent years 2011-2016 and for both tails of the distribution.

Compared with risk estimations based on the filtered historical simulation methodology, our results show that the optionÂżimplied risk metrics are valid alternatives to the statistically based historical models.

Quoidbach, J., Sugitani, Y., Gross, J., Taquet, M. & Akutsu, S. (2019). From affect to action: How pleasure shapes everyday decisions in Japan and the U.S.. Motivation and Emotion, 43 (6), pp. 948955. DOI: 10.1007/s11031-019-09785-7. IF: 1.459 (2018) Cuartiles: Q3 Psychology, Experimental Q3 Psychology, Social CARHUS: A (2018) How do affective considerations shape people's everyday decisions around the world? To address this question, we asked 245 Japanese and 229 American adults to report what they did and how they felt on the previous day using the Day Reconstruction Method. We then examined how affective valence at a given time (time t) related to the types of activities people engaged in at a later time (time t + 1). While we found some cultural variation in the types of daily activities Japanese and American participants experienced as pleasant or unpleasant, time-lagged multilevel logistic regressions revealed that both groups displayed a remarkably similar propensity to engage in pleasure-enhancing activities when they felt bad and in less-pleasant activities that might promise longer-term payoff when they felt good. These results provide crosscultural support for the hedonic flexibility principle of human motivation, according to which affective states help people prioritize between shortand longer-term well-being goals in their everyday life.

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Su, Y. & Vanhaverbeke, W. (2019). . Management Decision, 57 (8), pp. 2148-2176. DOI: 10.1108/MD-06-2018-0713. IF: 1.963 (2018) Cuartiles: Q3 Business Q3 Management ABS: 2 (2018) CARHUS: C (2018) Purpose Boundary-spanning exploration through establishing alliances is an effective strategy to explore technologies beyond local search in innovating firms. The purpose of this paper is to argue that it is useful to make a distinction in boundary-spanning exploration between what a firm learns from its alliance partners (explorative learning from partners (ELP) and what it learns from other organisations (explorative learning from non-partners (ELN). Design/methodology/approach The authors contend that alliances play a role in both types of exploration. More specifically, the authors discern three types of alliances (inside ties, clique-spanning ties and outside ties) based on their role vis-a-vis existing alliance cliques. Clique members are highly embedded, and breaking out of the cliques through clique-spanning and outside alliances is crucial to improving explorative learning. Thereafter, the authors claim that clique-spanning ties and outside ties have a different effect on ELN and ELP. Findings The empirical analysis of the "application specific integrated circuits" industry indicates that inside ties have negligible effects on both types of explorative learning. Clique-spanning ties have a positive effect on ELP, but not on ELN. The reverse is true for outside ties. The results show that research on explorative learning should devote greater attention to the various roles alliance partners and types of alliances play in advancing technological exploration. Originality/value The literature only emphasises the learning from partners, focussing mainly on accessing their technology. In sum, alliance partners play different roles in exploration, and their network position influences the role they are able to play.

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QUARTILE 4

Barone Adesi, G., Legnazzi, C. & Sala, C. (2019). Option-implied risk measures: An empirical examination on the S&P 500 index. International Journal of Finance & Economics, 2019 (24), pp.

1409-1428. DOI: 10.1002/ijfe.1743. IF: 0.636 (2018) Cuartiles: Q4 Business, Finance ABS: 3 (2018) The forward-looking nature of option market data allows one to derive economically based and model free risk measures. This article proposes an extensive analysis of the performances of option-implied value at risk and conditional value at risk and compares them with classical risk measures for the S&P 500 index. Delivering good results both at short and long time horizons, the proposed option-implied risk metrics emerge as a convenient alternative to the existing risk measures.

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OTHER ARTICLES IN ESADE RECOMMENDED LIST:

2*

Bisbe, J., Kruis, A. & Madini, P. (2019). Coercive, enabling, diagnostic and interactive control: Untangling the threads of their connections. Journal of Accounting Literature, (43), pp. 124-144. DOI: 10.1016/j.acclit.2019.10.001. ABS: 3 (2018) ESADE: 2 (2015) Recent accounting research has connected the coercive and enabling types of formalisation (C/E) (Adler and Borys, 1996) with the distinction between diagnostic and interactive controls (D/I) proposed by Simons (1995, 2000) to tackle research questions on complex control situations involving both the degree of employee autonomy and patterns of management attention. The diverse conceptual approaches used for connecting C/E and D/I have led to fragmentation in the literature and raise concerns about their conceptual clarity. In this paper, we assess the conceptual clarity of various forms of connection between C/E and D/I. Firstly, we conduct an in-depth content analysis of 59 recent papers, and inductively identify three points of conceptual ambiguity and divergence in the literature (namely, the perspective from which a phenomenon is studied; whether categories capture choices driven by design or by style-of-use; and the properties of control systems). We also observe that the literature proposes various forms of connection (i.e. coexistence, inclusion, and combination approaches). Secondly, we use the three detected points of ambiguity and divergence as assessment criteria, and evaluate the extent to which conceptual clarity is at risk under each form of connection. Based on this assessment, we provide guidelines to enhance the conceptual clarity of the connections between C/E and D/I, propose several research models, and indicate opportunities for future research in this area.

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1*

Almirall , E. (2019). ¿Cómo sobrevivir al tsunami de la IA?. Harvard Deusto Business Review, (295), pp. 54-62. CARHUS: D (2018) ESADE: 1 (2011) Determinar hasta qué punto la operativa de nuestra empresa es trasladable a software y hasta qué punto la escalabilidad de nuestro negocio es global y exponencial puede servir de guía para saber cómo sobrevivir y cómo sacar el mejor partido posible a la oportunidad de disrupción tecnológica que se nos presenta.

Busquets Carretero, J. (2019). Liderazgo de redes generativas de innovación digital. Harvard Deusto Business Review, (295), pp. 14-26. CARHUS: D (2018) ESADE: 1 (2011) El liderazgo de la transformación digital se expresa en las dimensiones de la estrategia y de la estructuración de la empresa como un proceso dinámico que combina las jerarquías con redes generativas de innovación, con el objetivo de dotar a la organización de las nuevas capacidades tecnológicas precisas para competir. Pero ¿cómo debe ser ese liderazgo?

Correa Domenech, M. (2019). Transformacion digital: Un enfoque desde los conocimientos, habilidades y capacidades organizativas. Harvard Deusto Business Review, (294), pp. 20-31.

CARHUS: D (2018) ESADE: 1 (2011) La transformación digital es un asunto que aparece de manera recurrente cuando se habla con directivos y directivas. Las modificaciones que deben producirse para poder avanzar en la transformación digital de una organización deben articularse sobre tres pilares: tecnología y el conocimiento de la misma, nuevas habilidades para poder ser efectivos en la nueva organización y cambio de las capacidades organizativas.

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Ferrás-Hernández, X. (2019). La emergencia del tecnománager: Entre la disrupción digital y el humanismo crítico. Harvard Deusto Business Review, (294), pp. 52-62. CARHUS: D (2018) ESADE: 1 (2011) Estamos immersos en una revolución tecnológica sin precedentes. Las implicaciones que tiene la disrupción digital en la estrategia y en la estructura organizativas conllevan nuevas necesidades para los perfiles directivos y profesionales. El nuevo líder debe tener una profunda comprensión de los fenómenos tecnológicos, pero es imprescindible que esta se complemente con competencias humanísticas y relacionales.

Murillo, D., Romera Robles, M., Ginès i Fabrellas, A., Berrone, P. A., Duch, A., Ricart, J. E. & et al.

(2019). Economía colaborativa. Harvard Deusto Business Review, (293), pp. 28-56. CARHUS: D (2018) ESADE: 1 (2011) En la literatura del management son innumerables los artículos y contenidos que hacen referencia a empresas como Uber, Airbnb y tantas otras. Siempre nombrándolas como experiencias empresariales que han marcado un antes y un después, y definiéndolas como sólidos modelos de negocio que han replanteado las reglas de juego de sectores estables y consolidados. ¿Hasta qué punto estamos ante una nueva economía?

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ACADEMIC PEER REVIEWED & PROFESSIONAL JOURNALS

Bartlett Castella, E. (2019). La inaplicación de la cláusula arbitral del Tratado sobre la Carta de la Energía a las inversiones intra-europeas: una pirueta jurídica de la comisión en su comunicación sobre protección de la inversión intra-UE de 19 de julio de 2018. Cuadernos Europeos de Deusto, 2019 (61), pp. 169-194. DOI: 10.18543/ced-61-2019. CARHUS: B (2018) El 19 de julio de 2018 la Comisión Europea hizo pública su comunicación sobre protección de inversiones intra-UE. En la misma, atribuye a la sentencia del Tribunal de Justicia de la Unión Europea en el caso Achmea, de 6 de marzo de 2018, el efecto de considerar inexistente la cláusula arbitral prevista en al artículo 26 del Tratado sobre la Carta de la Energía entre inversor y Estado, cuando se trate de inversores de un Estado miembro de la Unión Europea y otro Estado miembro de la Unión Europea. Este comentario se refiere a esta comunicación y contrasta su congruencia con el Derecho de la Unión y el Derecho Internacional.

On 19 July 2018 the European Commission published its communication on intra-EU investment protection. The communication refers to the ruling of the Court of Justice of the European Union on the Achmea case (6 March 2018) in considering non-existent the arbitration clause provided for in Article 26 of the Energy Charter Treaty between investors and the state, in cases of investors from Member States and other Member States. This paper refers to this communication and assesses its congruence with EU law and international law.

Correa Domenech, M. & Seguro, M. (2019). Sustainable ethical decision making in groups: Guidelines for operationalising a proposal by Jürgen Habermas. Ramón Llull Journal of Applied Ethics, 10 (10), pp. 37-59. CARHUS: C (2018) This paper offers a new perspective on decision-making and presents a process that can lead to sustainable ethical decisions. An operational definition is proposed for sustainable ethical decisions that are technically solvent, ethically responsible, and shared by the stakeholders involved. After an analysis of scholarly literature-from the Business Ethics as well as the management science perspective-in order to understand this process, serious limitations are found when decision-making is circumscribed only within the realm of an individual, which therefore indicates a need to transpose these ethical decisions to another level of analysis: the group. From there, accepting Adorno's critique of the violence that any human group can commit against itself, Habermas' communicative proposal is presented as the basis upon which the decision-making process can be structured. This paper presents two methods that are based on complexity science and operationalise a previous theoretical discussion on processes that lead to sustainable ethical decisions

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GonzĂĄles LĂłpez, R. & Wareham, J. (2019). Analysing the impact of a business intelligence system and new conceptualizations of system use . Journal of Economics, Finance and Administrative Science, 24 (48), pp. 345-368. DOI: 10.1108/JEFAS-05-2018-0052.

In this study, three models were empirically compared, the DeLone and McLean model, the Seddon model and the Modified Seddon model, by measuring the impact of a business intelligence system (BIS) in companies in Peru. After that, the mediators and dependent constructs were analysed to determine if they were behaving properly (a good level of variance explanation and significant relations with others constructs). The study used a sample of 104 users of the BIS, from companies in several important economic sectors, in a quasi-voluntary context and with six constructs: information quality, system quality, service quality, system dependence (system use), user satisfaction and perceived usefulness (individual impact).

Mislavsky, R., Dietvorst, B. J. & Simonsohn, U. (2019). The minimum mean paradox: A mechanical explanation for apparent experiment aversion. Proceedings of the National Academy of Sciences, 116 (48), pp. 23883-23884. DOI: 10.1073/pnas.1912413116.

Meyer et al. (1) propose that people object to "experiments that compare two unobjectionable policies" (their title). In our own work (2), we arrive at the opposite conclusion: People "don't dislike a corporate experiment more than they dislike its worst condition" (our title). In this letter we reanalyze the 7 studies in table 1 of ref. 1, for they most closely resemble ours. We conclude that the evidence for experiment aversion is caused by a statistical artifact.

In those studies, 3 separate groups of people indicated the acceptability of policy A, policy B, or an experiment testing both policies. The average acceptability of the experiment was lower than the average of either policy. This pattern was used as evidence of experiment aversion, but it is actually nondiagnostic.

O'Donnell, A., Anderson, P., JanĂŠ-Llopis, E., Manthey, J., Kaner, E. & Rehm, J. (2019). Immediate impact of minimum unit pricing on alcohol purchases in Scotland: controlled interrupted time series analysis for 2015-18. The BMJ, 366 (8215), pp. l5274-l5274. DOI: 10.1136/bmj.l5274.

Objective. To assess the immediate impact of the introduction of minimum unit pricing in Scotland on household alcohol purchases.

Design. Controlled interrupted time series analysis.

Setting.Purchase data from Kantar Worldpanel's household shopping panel for 2015-18.

Participants. 5325 Scottish households, 54807 English households as controls, and 10040 households in northern England to control for potential cross border effects.

Interventions. Introduction of a minimum price of 50p ((sic)0.55; $0.61) per UK unit (6.25p per gram) for the sale of alcohol in Scotland on 1 May 2018.

Main outcome measures. Price per gram of alcohol, number of grams of alcohol purchased from off-trade by households, and weekly household expenditure on alcohol.

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Results. The introduction of minimum unit pricing in Scotland was associated with an increase in purchase price of 0.64p per gram of alcohol (95% confidence interval 0.54 to 0.75), a reduction in weekly purchases of 9.5 g of alcohol per adult per household (5.1 to 13.9), and a nonsignificant increase in weekly expenditure on alcohol per household of 61p (-5 to 127). The increase in purchase price was higher in lower income households and in households that purchased the largest amount of alcohol. The reduction in purchased grams of alcohol was greater in lower income households and only occurred in the top fifth of households by income that purchased the greatest amount of alcohol, where the reduction was 15 g of alcohol per week (6 to 24). Changes in weekly expenditure were not systematically related to household income but increased with increasing household purchases.

Conclusions. In terms of immediate impact, the introduction of minimum unit pricing appears to have been successful in reducing the amount of alcohol purchased by households in Scotland. The action was targeted, in that reductions of purchased alcohol only occurred in the households that bought the most alcohol.

Pinkse, J., Hahn, T. & Figge, F. (2019). Supersized tensions and slim responses? The discursive construction of strategic tensions around social issues. Academy of Management Discoveries, 5 (3), pp. 314-340. DOI: 10.5465/amd.2018.0150.

Companies producing and marketing processed high-fat-high-sugar food and drinks face a strategic tension between their core business and the social issue of obesity. For these companies, the social issue of obesity constitutes a strategic social-business tension. We conduct a qualitative study of the print media coverage on the public debate around obesity to analyse how companies discursively respond to strategic tensions around this widely salient issue. We identify the accepting-defensive approach to strategic social-business tensions that companies employ to protect the autonomy over their core business vis-à-vis pressures and demands from the public debate around obesity. We unearth the two discursive mechanisms-choice of discursive tactics and construction of tensions-that underlie this accepting-defensive approach. In contrast to what the literature on organisational tensions suggests, corporate responses to strategic tensions go beyond the dichotomy of accepting-constructive and rejecting-defensive responses. We offer a better understanding of the discursive mechanisms that companies use to maintain autonomy when facing strategic tensions around widely salient social issues

Sancha Fernández, C., Mària Serrano, J. & Giménez Thomsen, C. (2019). Managing sustainability in lower-tier suppliers: How to deal with the invisible zone. African Journal of Economic and Management Studies, 10 (4), pp. 458-474. DOI: 10.1108/AJEMS-09-2018-0266.

Purpose. The purpose of this paper is to illustrate how a focal firm can manage sustainability in its lower-tier suppliers which lie beyond the firm's visible horizon.

Design/methodology/approach. This paper presents a new approach to managing sustainability in multi-tier supply chains with an illustrative case study that analyzes how electronic equipment firms make efforts to verify that they are not using conflict minerals.

Findings. The nexus supplier (smelters in the electronics supply chain) plays a relevant role in increasing visibility and tracing the source of minerals, thus guaranteeing sustainability upstream in the supply chain.

Research limitations/implications. The paper is based on a specific supply chain (i.e. electronics supply chain) and therefore its conclusions might be only partially generalized to other sectors.

Practical implications. Firms in complex supply chains need to make efforts to identify and manage nexus suppliers to extend sustainability upstream in the supply chain, especially beyond their visible horizon.

Originality/value. The paper focuses on management of sustainability in the invisible zone of the supply chain, which has been neglected in previous literature and is increasingly important to the managerial world in an economy with a growing number of global supply chains.

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Valls GimĂŠnez, J. F. & Labairu-Trenchs, I. (2019). Fields of tourism innovation according to the level of investment. Journal of Tourism Research and Hospitality, 8 (1), pp. 1000190--.

The aim of our study is to learn about the innovation models currently used by Spanish tourism companies and determine if there is any relation between the level of innovation and the sub-industry, the firms' billing volume, how they manage their innovation efforts, the general innovation fields and the companies' ranking of specific innovation focuses. Our findings reveal that hotels and tourist activity companies invest the most in innovation, while intermediation and transport firms and restaurants invest the least. However, there is no direct correlation between innovation investment levels and the different tourism subindustries. Contrarily, our results indicate that, as companies increase their billing volume, they dedicate greater resources to innovation. Similarly, though despite no significant difference, creating new products attracts more investments than technology in order to achieve differentiation. Also, the most innovative tourism companies apply significant resources to client orientation efforts while very few to cost reduction initiatives.

de Amorim, W., Fischer, A. L. & Trullen, J. (2019). A comparative study of Trade Union influence over HRM practices in Spanish and Brazilian firms: The role of industrial relations systems and their historical evolution. International Studies of Management & Organization, 49 (4), pp. 372-388. DOI: 10.1080/00208825.2019.1646487. ABS: 2 (2018) This study explores trade union influence over human resource management (HRM) practices in Spanish and Brazilian organizations using the Cranet 2014 dataset. While some of the existing data suggest that trade unions may hold little power within surveyed organizations, we offer additional evidence contradicting this. Trade unions' influence is better understood when taking into account the industrial relations systems of Spain and Brazil, as well as their historical evolution. Understanding such evolution helps us account for similarities and differences observed in the way trade unions influence HRM in these two countries.

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BOOKS

INTERNATIONAL PUBLISHERS

Planellas Arรกn, M. & Muni, A. (2019). Strategic decisions. Cambridge: Cambridge University Press (CUP). DOI: 10.1017/9781108665797.

A tool for anyone facing the challenge of taking strategic decisions, this book offers 30 recognised and effective strategic models to choose from, concisely described in a process-led manner, and illustrated with graphics. It will appeal to MBA students, students of corporate or business strategy, and practitioners and managers as well.

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NATIONAL PUBLISHERS

Boonstra, J. & Loscos Arenas, F. (2019). El cambio como un juego de interacción estratégica. Una visión positiva sobre el cambio y la renovación en organizaciones: Profit Editorial.

Aptitudes para conseguir impacto en el cambio estratégico y cultural La necesidad de cambio dentro de las organizaciones es algo habitual en un mundo en el que están teniendo lugar constantes transformaciones tecnológicas, políticas y culturales. Pero ¿cómo pueden transformarse e cazmente las empresas en un entorno globalizado y qué pueden hacer los directivos y profesionales para alcanzar con éxito cambios estratégicos?

Ferrer Vidal, D., Bech, J., Cosin Ochaita, R., Cosin Sanz, R., Font Gorgorió, P. (2019). In: Ferrer Vidal, D. (Dir.), Metodología de los precios de transferencia. Régimen fiscal de las operaciones vinculadas. Cizur Menor: Thomson Reuters Aranzadi.

La posibilidad de emplear los precios de transferencia como vía de traslación de beneficios de una sociedad a su vinculada, directa o indirectamente, se debe a múltiples circunstancias relacionadas con las normas fiscales que los Estados establecen en mayor o menor medida para atraer las inversiones extranjeras, alcanzando en ocasiones a situaciones de baja o nula tributación, lo que ha propiciado la expansión de las políticas de precios de transferencia en los grupos multinacionales, tratando de situar, discrecionalmente, el mayor beneficio generado en la cadena de valor de sus negocios en la jurisdicción en la que la multinacional tenga más interés. La presente obra se estructura en dos grandes bloques. El primero de ellos, la fiscalidad de los precios de transferencia, ofrece un detallado análisis de estas complejas estrategias, así como de las medidas antiabuso que los Estados no encuadrados en el contexto de la baja tributación establecen para controlar tanto las compañías como a los precios de sus transacciones. Asimismo, se aborda la legislación internacional sobre la materia, tanto la específica de terceros países como las de carácter supranacional (Unión Europea, OCDE y normativa BEPS, entre otros) y el sistema tributario de los países más representativos. El segundo bloque contiene el análisis detallado, crítico y práctico del actual régimen fiscal de las operaciones vinculadas propio de la normativa española, que tiene su génesis en la Ley de Medidas de Prevención del Fraude Fiscal, adaptado a las directrices y normativa BEPS de la OCDE y los trabajos del Foro Conjunto de precios de transferencia de la Unión Europea.

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Mària Serrano, J. (2019). Signes d'una presència. Mística diària. Barcelona: Editorial Claret S.L..

Aquest llibre és un compendi de signes d'una Presència, instruments de mística diària. Cada breu capítol sol començar amb la vivència: un episodi de la vida d'una persona, un lloc, un gest, una pràctica d'espiritualitat, un problema pràctic ... Segueix una reflexió que busca connexions amb altres vivències o amb idees provinents de les ciències humanes i socials. En un tercer moment, procuro connectar el nucli de la vivència amb cites breus de tradicions humanistes o religioses, per tal que il·lumini diversos camps d'experiència. El capítol es tanca amb preguntes: perquè el signe convidi els lectors a un exercici de mística diària que els inspiri les seves pròpies vivències.

Aquests relats han estat elaborats al llarg dels anys 2014 a 2018, en diàleg amb amics i coneguts que els han llegit i comentat amablement. I en diàleg amb una Presència, a la qual em vaig oferint perquè faci la meva vida fecunda. Per això, espero que el llibre sigui útil i inspirador per a tota la gent que busca la profunditat de la vida: una mística diària - al marge de les conclusions intel·lectuals a què hagin arribat en relació amb la Realitat última, el Misteri o la Presència com a arrel última del que vivim.

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BOOK CHAPTERS

INTERNATIONAL PUBLISHERS

Dodge, J., Saz Carranza, A. & Ospina, S. (2019). Narrative inquiry in public network research. In Voets, J., Networks and collaboration in the public sector (pp. 1-20). London; New York: Routledge.

DOI: 10.4324/9781315544939.

Networks and other collaborations are central to the public sector's ability to respond to their diverse responsibilities, from international development and regional governance, to policy development and service provision. Great strides have been made toward understanding their formation, governance and management, but more opportunities to explore methodologies and measures is required to ensure they are properly understood.

This volume showcases an array of selected research methods and analytics tools currently used by scholars and practitioners in network and collaboration research, as well as emerging styles of empirical investigation. Although it cannot attempt to capture all technical details for each one, this book provides a unique catalogue of compelling methods for researchers and practitioners, which are illustrated extensively with applications in the public and non-profit sector.

By bringing together leading and upcoming scholars in network research, the book will be of enormous assistance in guiding students and scholars in public management to study collaboration and networks empirically by demonstrating the core research approaches and tools for investigating and evaluating these crucially important arrangements.

Iglesias, O. (2019). How co-creation can boost trust in corporate social responsibility. In Ind, N. & Schmidt, H., Co-creating brands: Brand management from a co-creative perspective (pp. 280-283).

London: Bloomsbury Publishing.

Corporate Social Responsibility (CSR) is a key priority on corporate agendas and this is demonstrated by the $20 billion that organizations in the Fortune 500 list spend each year on CSR-related activities. Additionally, 45% of top managers agree that their investors would expect them to make more socially responsible investments during the next five years . On one side, this is due to the global influence of social media and technology, which is shaping a considerably more transparent world. This is putting more pressure on brands to behave in a socially responsible manner, reduce their negative impact and contribute to society and the environment in positive ways.

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Murillo, D. (2019). The politics of the sharing economy. In Ramos de Luna, I., Fitó-Bertran, À., Lladós-Masllorens, J. & Liébana-Cabanillas, F. J., Sharing economy and the impact of collaborative consumption (pp. 21-36). Hershey: IGI Global. DOI: 10.4018/978-1-5225-9928-9.ch002.

The current academic debate on the sharing economy (SE) seems to embrace three main discussions: its definition, its effects, and the role of regulation. A neglected topic here seems to be analyzing the specific implications of the changing nature of these firms boosted by private equity and venture capital. As the author points out, we need to analyze not only the impact of a changing business model but, specifically, how stakeholders, cities, and regulators should approach this moving target now called SE. In the following sections the author departs from a traditional definition of the sharing economy to start building the case for treating the SE at large as an epiphenomenon of the platform economy, and as a temporary condition based on a moveable business model. The chapter closes by introducing the regulatory hurdles that come associated with the previous and mapping out its different futures.

Nguyen, J., Montserrat Adell, J., Armisen-Morell, A., Torrens, M. & Agell, N. (2019). Measuring rating exigency: Identifying relevant consumer reviews. In Sabater-Mir, J., Torra, V., Aguiló , I. & González-Hidalgo, M. (Eds.), Artificial intelligence research and development (pp. 256-265).

Amsterdam: IOS Press. DOI: 10.3233/FAIA190132.

In a collaborative filtering recommender system context, users are matched with items liked by others who have similar interests. However, each person may evaluate items differently according to their own experiences and standards. Therefore, analyzing the degree of exigency of an individual with respect to others consuming the same items is relevant. We propose a fuzzy approach based on a measure of consensus among users considering ratings. The metric considers the distances between users and a central measure. A centroid of the ratings for each individual item is proposed as the benchmark from which people's exigency is measured as being more or less stringent than his peers. In addition, the method will allow us to identify people with different degrees of exigency towards a specific type of item which can facilitate a more relevant recommendation. The model is implemented in a real case dataset of restaurants from the Yelp platform.

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NATIONAL PUBLISHERS

Ferrer Vidal, D. (2019). El ajuste secundario. La calificación de la diferencia entre el precio convenido y el valor de mercado. In Ferrer Vidal, D. (Dir.),Bech, J., Cosin Ochaita, R., Cosin Sanz, R., Ferrer Vidal, D., Font Gorgorió, P. & Piedra Arjona, S., Metodología de los precios de transferencia. Régimen fiscal de las operaciones vinculadas (pp. 1011-1055). Cizur Menor: Thomsom Reuters Aranzadi.

La aplicación del ajuste secundario ya desde su entrada en vigor no estuvo exento de polémica, no en vano su desarrollo reglamentario le valió un recurso por vulneración de principios constitucionales. En la actualidad, el artículo 18.11 LIS sigue sin resolver cuestiones básicas de aplicación, tales como: ¿La correcta aplicación de la norma contable excluye la obligación de aplicar la norma fiscal? ¿Cómo se califican el resto de supuestos de vinculación cuando la normativa únicamente regula la relación socio-sociedad? ¿Sigue vigente la concepción automática del ajuste secundario tras la STS de 27 de mayo de 2014? Estos y otros interrogantes son analizados en profundidad sin olvidar el estudio de la restitución patrimonial como mecanismo que evita la aplicación del ajuste secundario.

Ferrer Vidal, D., Urquizu Cavallé, A., Font Gorgorió, P., Pages Galtés, J., Rivas Nieto, E. & Villca Pozo, M. (2019). Análisis jurídico de la tributación directa de las rentas derivadas del arrendamiento online de viviendas de uso turístico. In Rivas Nieto, E. (Coord.),Urquizu Cavallé, A. (Dir.),Del Valle Baudino, P., Biacchi Gomes, E., Ferrer Vidal, D., Patty Guisbert, E., Font Gorgorió, P. & Hernández Lara, A. B., Comercio internacional y economía colaborativa en la era digital. Aspectos tributarios y empresariales (pp. 231-256). Cizur Menor: Thomson Reuters Aranzadi.

Es un hecho que la economía colaborativa facilitada por la irrupción de las plataformas tecnológicas ha venido para quedarse, siendo el del alquiler de viviendas de uso turístico (AirBnb) uno de los grandes retos para la Administración Tributaria. El presente trabajo se centra en el estudio de la tributación directa por parte de los usuarios (particulares), profundizando en cuestiones como la calificación de rentas en el IRPF, la posibilidad de fijar unos umbrales exentos de tributación, así como el papel de las plataformas tecnológicas en la capacidad de practicar retenciones a cuenta como medida de control y recaudación. En definitiva, presente y futuro de fiscalidad del arrendamiento online de vividas de uso turístico.

Font Gorgorió, P. (2019). Operaciones vinculadas y sociedades profesionales. In Ferrer Vidal, D. (Dir.),Cosin Ochaita, R., Cosin Sanz, R., Bech, J., Piedra Arjona, S., Font Gorgorió, P. & Ferrer Vidal, D., Metodología de los precios de transferencia. Régimen fiscal de las operaciones vinculadas (pp.

975-1009). Cizur Menor: Thomson Reuters Aranzadi.

La prestación de servicios profesionales por parte de un socio persona física a la sociedad en la que participa constituye una operación vinculada de difícil valoración ante la inexistencia de comparables externas o internas válidas dado el marcado carácter intuito personae del servicio profesional prestado. Ello comporta la necesaria aplicación del art. 18.6 de la LIS, cuya actual regulación no está exenta de polémica.

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Murillo, D. (2019). El mercado laboral. In Casasnovas Cavestany, G. (Ed.), Mercancías ficticias.

Recuperando a Polanyi para el siglo XXI (pp. 14-19). Barcelona: Cristianisme i Justícia.

Setenta años después de la publicación del texto de Polanyi, pocos fenómenos nos permiten entender más claramente la vigencia de su obra que observar el proceso de transformación del mundo del trabajo como resultado del auge de la economía de plataforma y la digitalización. A modo de ejemplo, Amazon Mechanical Turk permite hoy por hoy utilizar la capacidad de procesamiento de datos de los ordenadores, el poder de deslocalización de la globalización y la autogestión de las plataformas para conseguir el sueño del taylorismo: hipersegmentar las tareas asociadas a cualquier trabajo y retribuirlas de forma anónima en función del precio del mercado global.

Pardo-Bosch, F. & Torrens, M. (2019). La Inteligencia Artificial para impulsar los Objetivos de Desarrollo Sostenible. In Aguilar, L. F. (Ed.),Cabrero, E., Pardo-Bosch, F., Muñoz , J., Torrens, M., Coronado, A. A. & Macías, D. A., Hacia el gobierno digital en México: Conceptos y experiencias (pp.

41-54). [S.l.]: Prometeo Editores SA. AI for Good (Inteligencia Artificial para el Bien) es una plataforma de las Naciones Unidas con el objetivo de estudiar e impulsar objetivos de desarrollo sostenible a través de la Inteligencia Artificial (IA). En este capítulo, analizamos algunas de las aplicaciones de la IA y su potencial en esos objetivos de desarrollo sostenible. En concreto, estudiamos como la digitalización y la Inteligencia Artificial pueden ayudar de una forma disruptiva a dos de los objetivos de desarrollo sostenible propuestos por las Naciones Unidas: 1) la mejor organización de las ciudades, y 2) la gestión óptima del agua.

Romboli, S. (2019). Gestación por sustitución y menor de edad: los derechos e intereses contrapuestos en una aproximación desde el Derecho Constitucional. In Lucas Esteve, A. (Ed.), Gestación por sustitución (pp. 253-276). Valencia: Tirant Lo Blanch.

La gestación por sustitución es un fenómeno muy notorio y bastante difundido, que plantea muchos problemas desde el punto de vista ético y jurídico. El trabajo analiza los intereses en juego en los contratos de maternidad subrogada poniendo el acento en cada uno de los sujetos o bienes que se ven involucrados: la madre gestante, los padres comitentes, el orden publico. Una especial atención se dedica al menor nacido del acuerdo de maternidad subrogada y al respeto de su "best interest".

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ACCEPTED PAPERS IN ACADEMIC CONGRESSES

Aznar-Alarcón, J., Sayeras Maspera, J. & Pous i Palacín, B. (2019, September). Quality service, rankings and hotels price strategies: A game theory approach. In 9th International Conference on Tourism (ICOT 2019), Braga.

According to academic literature price hotels depends on the number of stars that are a proxy variable for service quality, a higher investment in quality have a positive impact in hotels prices and economic performance. An accepted system for measuring hotels quality is the star rating system. However, new technologies and new players, being Booking or TripAdvisor the most well-known, change the way in which consumers get updated information about the quality provided by each hotel. Consumers have updated information about hotels quality, can check the ranking position and this information comes from past customers that are much closer to what consumers really value from hotels. Consumers derive positive utility from a higher quality service, a good hotel location but also from knowing that they are at one of the top hotels in the online rankings.

This research has two different objectives; the first one is to develop a theoretical model based on Game Theory to define the best strategies for hotels competing in quality, ranking position and prices in a sequential game. Based on a specification of the consumers utility that considers quality, price paid but also ranking position hotels decide in a first step the level of quality that defines their position in the ranking; in a second stage in a simultaneous decision hotels decide the optimum price. The second objective is to contrast the validity of the model using a regression model for hotels in the top positions at the Booking.com ranking for the city of Barcelona. The theoretical model suggests that quality but also position in the ranking have a positive effect on prices, a conclusion that is consistent with the empirical results from the regression model.

Bayona, A., Dumitrescu, A. & Manzano, C. (2019, September). Information and trading strategies with dark pools. In Financial Management Association Annual Meeting.

Symposium conducted at the meeting of Financial Management Association International (FMA), New Orleans

We study the competition between two trading venues with different degrees of transparency in the presence of asymmetric information: a fully transparent exchange organized as a limit or- der book, and an opaque dark pool. We nd that the optimal order submission strategies depend on stock market characteristics (volatility, liquidity, adverse selection) and traders characteristics (immediacy and information). Adding a dark pool not only enlarges traders' strategies set but also may induce a substitution of trading venue, order type, and increase market participation in relation to when the dark pool is unavailable. We examine the effects of adding a dark pool on market quality. Our characterization leads to empirical predictions, has policy implications, and helps reconcile the ambiguous effects of dark pools on market performance found in empirical studies.

(2019, August). In 46th Annual Conference of the European Association for Research in Industrial Economics (EARIE 2019), Barcelona..

(2019, September). In 3rd SAFE Market Microstructure Conference 2019, Frankfurt am Main.

Buil Fabregà, M., Aznar-Alarcón, J., Boneu, L. & Callau, L. (2019, October). Circular Economy in Tourism heritage builidings: Café del Mar case study. In I Foro Internacional en Economía Circular, Eco-innovaciones y Turismo, Madrid.

There is a growing acceptance that heritage buildings are an important element of societies as well as heritage conservation. They provide economic, cultural and social benefits to urban communities.

The 3R principle of circular economy, which is based in reduce, reuse and recycle, has taken a relevant position in order to mitigate climate change, maximize old buildings' usefulness and introduce new approaches and business strategies focused on sustainability and well-being. The role of buildings conservation has changed from preservation to being part of a broader strategy for urban regeneration and sustainability. As a consequence, adaptive reuse is a powerful strategy for handling this transition. This research is focused on the importance of circular economy as well as other alternative ways of doing business such as cooperativism in order to change people's mind and find sustainable and social friendly

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business strategies. These strategies are becoming an essential step to be taken in societies with the aim of evolving without forgetting our roots. Using the methodology of case study for the example of El Cafè del Mar which is an iconic building of Mataró city, this research tries to prove that it is necessary to launch and support this kind of sustainable projects. Some surveys to user of the buildings and interviews to project managers of El Cafè del Mar will provide the necessary information to write the case study. The resulting case shows the importance of maintaining and reusing old and historical buildings with a new function because it provides to society a wide range of options to maximize its efficiency such as, creating a hotel, inaugurating a museum, set up new start-ups or use it for social and local goals.

Forte, S. & Lovreta, L. (2019, December). Implied equity and firm asset volatility in credit default swap premia. In Paris Financial Management Conference 2019, Paris.

We investigate the informational content of credit default swap (CDS) spreads for future volatility of firm assets and equity, and compare our results with information provided by historical volatilities. CDS implied asset (equity) volatilities explain as much as 68.40% (only 18.56%) of the cross-sectional variation in future realized asset (equity) volatilities. This informational content is clearly superior, and almost subsumes (is similar, and complements), the informational content of historical asset (equity) volatilities. We show that these results are explained by the leverage effect component in equity volatility, and the interconnection between leverage and asset volatility documented earlier in the literature.

Ginès i Fabrellas, A. (2018, December). Atypical work as flexible workrise of labor instability in the spanish labor market.

In 2nd International Virtual SBRLAB Conference: Finding solutions to societal problems by 2030. Symposium conducted at the meeting of Universitat Rovira i Virgili.SBRLab - Social Business and Research Lab, Tarragona.

The aim of the paper is to analyze the Spanish labor law reforms adopted in the past fifteen years and their impact in terms of increasing or decreasing employment precariousness; specifically, in terms of increasing or decreasing labor instability through the promotion of atypical forms of work. The paper concludes that the legislative efforts aimed at promoting permanent contracts mainly through reductions on Social Security contributions have been counterintuitively and simultaneously- offset with other reforms that promote and favor atypical forms of work, such as fixed-term, training, part-time contracts and self-employment. As a result, atypical forms of work have significantly increased and become flexible forms of work, thus, increasing labor instability.

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CASES

Vinaixa Serra, J. & Gonzรกlez De Miguel, C. (2019, September). Upside energy: "We pay people to not use energy" [Case study]. Bedford: The European Case Clearing House (ECCH).

Upside, a tech start-up in the electricity sector, envisioned and identified some pieces of regulation that could make viable the business opportunity of using some spare capacity of Uninterruptible Power Supply (UPS) for Demand Side Response (DSR) services. Normally, at peak-demand times, the electricity system operator had to switch on extra generators to balance the system, but there was another way of balancing the grid. National Grid, the UK Transmission System Operator (TSO), paid users not to consume energy at peak times to avoid stressing the grid.

The electricity consumers were asked to decrease temporarily (or delay) their energy use at those time instants. The mechanism of consumers reacting to the System Operator needs was called Demand Side Response (DSR) and it was possible because the customers, the assets or the processes were flexible in their operation. The case describes the journey of the start-up from its foundation by Graham Oakes, its business model to its viability and explores its future potential growth.

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ESADE'S PUBLICATIONS

Arroyo Moliner, L., Amjad, O. & Murillo, D. (2019). My data, my rules: From data extractivism to digital empowerment. Barcelona: ESADE-URL. In a 'winner takes all' economy, the present balance between private profit, collective benefits and individual agency has become unsustainable. A host of vices, ranging from fiendishly complex web privacy policies to opaque, pervasive malpractices in the commercial exploitation of users' personal data explain why the debate on individual empowerment, sovereignty and self-determination is heating up.

Individuals' battle for ownership of their data is now echoed in many research projects and legal frameworks (such as the GDPR and the California Privacy Act), spawning a number of start-ups and social innovation projects.

Catalá Polo, R. & Cortés, O. (2019). Administración 2030. Barcelona: ESADEgov-Centro de Gobernanza Pública.

El sector público es parte fundamental de cualquier sociedad democrática. De él dependen servicios básicos muy apreciados por los ciudadanos como son la educación, la sanidad, los servicios sociales o los transportes. También es una pieza clave para garantizar derechos fundamentales como son la justicia, la seguridad o la libertad. Y no podemos olvidar que es un actor central en el impulso del desarrollo económico y la competitividad de los territorios, ambos necesarios para una mayor riqueza, progreso y bienestar de los ciudadanos que los forman. En este momento que se vislumbra el inicio de esa nueva década, es conveniente una reflexión sobre cuáles serán los desafíos a los que tendrá que enfrentarse el sector público en los próximos años, con propuestas que atisben cuáles serán los atributos y rasgos más significativos que deberá incorporar la Administración pública y las líneas de actuación para alcanzarlos.. Este informe, aunque ha sido elaborado por Rafael Catalá y Óscar Cortés, directores de Investigación del Observatorio, recoge las principales ideas que se plantearon en un encuentro de expertos celebrado el pasado 25 de junio de 2019 en Madrid bajo el título "La Administración 2030: una visión transformadora".

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Cordobés Tejeiro, M., Carreras Fisas, I. & Sureda Varela, M. (2019). ¿Hacia donde va el liderazgo social?: Nuevas tendencias y competencias. Barcelona: ESADE. Instituto de Innovación Social.

En una primera investigación sobre el liderzgo social, realizada hace 10 años, analizabamos conceptos relacionados con el liderazgo, como son los estilos de liderazgo, así como algunos conceptos clave que caracterizan al liderazgo en las ONG, tales como el liderazgo desde el propósito y el liderazgo compartido. En el primer capítulo de la presente investigación volvemos a reflexionar sobre estas tres temáticas, enfatizando aquellos aspectos y enfoques novedosos que se han desarrollado en estos últimos años. Además, iniciamos el capítulo con una breve presentación de los principales retos a los que se enfrenta el tercer sector en la actualidad, retos que determinan los aspectos clave del liderazgo a los que los líderes de las organizaciones sociales deberán atender. En el segundo capítulo, presentamos nuevos elementos que, a nuestro parecer, son tendencias emergentes en el liderazgo social y a los que deberemos necesariamente prestar atención en el futuro inmediato. En los últimos tres capítulos, además, desarrollamos con mayor profundidad tres temas que identificamos como clave en el liderazgo social hoy: el liderazgo coaching, enfocado en el desarrollo y acompañamiento de los miembros del equipo; el liderazgo emprendedor y orientado a la innovación y, por último, el liderazgo colaborador y generador de alianzas. Aunque no se trata de un estudio exhaustivo de todos los elementos o aspectos que caracterizan el liderazgo y en concreto el liderazgo social en la actualidad, sí hemos tratado de identificar aquellos que consideramos más relevantes para los líderes actuales de las organizaciones sociales.

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NEW PHD CANDIDATES

ABDALI, Shahzeb Ali Khan Supervisor: Tobías Hahn Research Group: GRRSE

CARRASCO FARRE, Carlos Supervisor: Uri Simonsohn Research Group: JUICE

CHAKRAVARTY, Sayantani

Supervisor: Pedro Rey Research Group: GREF

DURAN PINOCHET, Ignacio Supervisor: Ignasi Martí Research Group: GRRSE

GEORGIOU, Andreas

Supervisor: Daniel Arenas Research Group: GRRSE

MOSTAFAVI, Shiva

Supervisor: Marco Bertini Research Group: JUICE

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OZER, Ipek

Supervisor: María Galli Research Group: JUICE

SIMKIEVICH, Cecilia

Supervisor: Ioana Schiopu / Callin Arcalean Research Group: GREF

TORRES NADAL, Ferran

Supervisor: Lisa Hehenberger / Tobias Hahn Research Group: GRIE/GRRSE

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VISITING PROFESSORS

Jacquart, Philippe

Associate professor emLyon, France Dates: September 4th, 2019 to August 30th, 2020

Chen, Yihua

Researcher South China University of Technology, China Dates: September 9th to October 30th

McKenzie, Colin

Professor, Faculty of Economics Keio University, Japan Dates: September 17th to November 30th

Biyalogorsky, Eyal

Associate Professor of Marketing IDC, Herzliya - Arison School of Business, Israel Dates: September 18th, 2019 to June 30th, 2020

Pick, James

Professor and Director, Center for Spatial Business (CSB) School of Business University of Redlands, USA Dates: October 1st to November 30th

Melin, Leif

Professor of Strategy and Organization, and the Hamrin Professor of Family Business Strategy Jรถnkรถping University, Suecia Dates: October 29th to November 22nd

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Senior Lecturer in the Accounting Discipline UTS - University of Technology Sydney, Australia Dates: November 1st to November 4th

Hansen, Jesper Rosenberg

Professor, Department of Management Aarhus BSS - School of Business and Social Sciences, Denmark Dates: November 5th to November 21st

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COMPETITIVE RESEARCH PROJECTS WHICH HAVE WON FUNDING

EUROPEAN PAX: Private international law in motion Ref: 881850 Principal Investigator: Beatriz Añoveros Funding body: European Union Funding: €82,064 Duration: 24 months The PAX project –Private International Law in Motion- has been set up as an ambitious project which provides both an adequate follow-up to the earlier JUDGTRUST project (funded by the European Commission under the JUST-JCOOAG-2017 programme for the period 2018-2020) and an the attempt to take these earlier achievements to the next level via enhanced knowledge and training in EU private international law (i.e. judicial cooperation in civil matters having cross-border implications in the EU, as referred to by Art.81, 1°, TFEU).

The still ongoing JUDGTRUST project focuses on the Brussels Ibis regulation and has as its main objective to advance the correct and consistent application of this major piece of EU legislation on private international law. One of its most remarkable components is the launch of a Moot Court Competition to increase students’ awareness of its reach and significance. The first edition of this EU sponsored Moot Court Competition has taken place in the academic year 2018-2019, and has recently been concluded through two-day finals in the Hague at which 11 teams (not only of European, but also of Indian and Russian origin) participated. This Moot Court Competition turned out to an unexpected success in many respects: the interest that it has raised far beyond the Union’s borders, the large participation and the active involvement of not only students but also legal professionals and academics from a wide array of universities. Next year, a second edition will be organized, still under the JUDGTRUST project.

The current project proposal PAX seeks to build further upon these first successes and hopes to consolidate these, but also to integrate them in a large framework that should not only increase students’ awareness of current issues of EU private international law but should also benefit more broadly the academic and professional world that is concerned with civil judicial cooperation in the EU and the concrete application of its instruments.

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NATIONAL PrevDisc: Preventing discrimination, social exclusion and far-right attitudes in Spain: The role of identity threat and social contact Ref: SR0256 Principal Investigator: Katharina Schmid Funding body: La Caixa - Call for Social Research la Caixa 2019 Funding: €99,850 Duration: 24 months A key societal challenge in Spain, and indeed in many parts of the world, entails preventing discrimination and social exclusion of minority and disadvantaged groups in society, as well as curbing far-right extremism. Recent political trends in Spain reflect a surge in far-right attitudes and discriminatory behaviour towards minority groups, especially immigrants. To address this challenge, this project will use a highly innovative design that triangulates three quantitative data collection methods (i.e., a general population survey, an implicit association test, and a series of experiments) and that bridges current insights on the interplay between a key antecedent of discrimination and far-right attitudes, identity threat, as well as a key strategy to prevent such negative tendencies, intergroup contact. By examining previously unexplored conditional factors underlying the complex interplay between contact and threat, this project will offer critical new insights into the drivers of explicit (i.e., consciously held) and implicit (i.e., subconsciously held) attitudes towards immigrants and other minority or disadvantaged groups that are also prominent in the current far-right discourse in Spain, such as women and Muslims. The results of this project will provide applied recommendations to policy makers and other key stakeholders seeking to prevent discrimination, social exclusion and far-right extremism in Spain.

eWork: Taking a holistic approach to assess the cost of digital last-mile delivery for workers, societies, and businesses Ref: SR0317 Principal Investigator: Annachiara Longoni Funding body: La Caixa - Call for Social Research la Caixa 2019 Funding: €51,700 Duration: 24 months The aim of this research is to analyse the working conditions in the digital last mile delivery industry in Spain to determine its impact on workers’ occupational health and safety. In doing so we contribute to the definition of new forms of work in the digital service industry taking into consideration occupational health and safety aspects to protect workers as well as benefit the Spanish socio-economic context.

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OTHER NON COMPETITIVE RESEARCH PROJECTS WHICH HAVE WON FUNDING

INTERNATIONAL

Macroproblems and drivers of employment creation Principal Investigator: Lisa Hehenberger & Ignasi Martí Funding body: Degroof Petercam Foundation Funding: €60,000 Duration: 12 months Lite chances and quality of life are strongly determined by employment (and lack thereof). We will focus, accordingly, in a second part of the research project, on: • ldentifying and mapping those populations that have been either structurally underserved, bypassed or expulsed by the traditional drivers and mechanisms of job creation and those that are at-risk; • Mapping of existing solutions (or absence of) addressing these populations (public policies, private high impact initiatives, role of entrepreneurship); • Analyzing the ineffectiveness of existing solutions, • ldentifying specific tapies a foundation could address; • Prioritizing sorne of the needs ESADE will set up an international research board that will support the postdoctoral researcher to access data and key information in each of the 4 contexts (France, Luxemboug, Belgium, Europe).

The research will be based on primary sources (access to stakeholders) and secondary sources (documentation and data).

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AGENCIES' EVALUATION

ACCREDITATIONS

Arenas, Daniel Advanced research accreditation issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Bisbe Viñas, Josep Research accreditation issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Muriillo Bonvehí, David Teaching and research accreditation issued by AQU (The Catalan University Quality Assurance Agency) 10/2019 Murillo Bonvehí, David Research accreditation accreditation issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Ponomareva, Yulia Teaching and research accreditation issued by AQU (The Catalan University Quality Assurance Agency) 10/2019

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MERITS IN RESEARCH

Brinckmann, Jan 2nd period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 De Langhe, Bart 1st period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Hahn, Tobias 1st, 2nd and 3rd period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Murillo BonvehĂ­, David 1st period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Parada Balderrama, Maria Jose 1st period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Quoidbach, Jordi 1st and 2nd period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Simonsohn, Uri 1st and 2nd period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019 Sierra, Vicenta 3rd period Merits in research issued by AQU (The Catalan University Quality Assurance Agency) 12/2019

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AWARDS

Blaseg, Daniel - BAI Science Prize (Bundesverband Alternative Investment) One of the BAI's goals is the support of research studies, to combine theory and praxis and provide a basis for a dialogue not only within the respective field of study, but also between science and the AI industry and Investors. In 2010 the BAI decided to support scientific research in the field of Alternative Investments. The invitation to tender shall motivate junior researchers and scientists, to concentrate on doing Research on Alternative Investment topics.

Blaseg, Daniel - Fürther Ludwig-Erhard Prize The Fürther Ludwig Erhard Prize honors doctoral theses in economics and social sciences, the findings of which can be usefully implemented in business and society. The Ludwig Erhard Prize 2019, endowed with 5,000 euros, was awarded to Dr. Daniel Blaseg, who was able to convince the jury with his research on the topic of “crowdfunding”.

Blaseg, Daniel - TIMES Best Dissertation Award Sponsored by Lazaridis Institute The purpose of the Technology, Innovation Management and Entrepreneurship Section is to encourage discussion and interaction among individuals having an interest in technology management research. Topics of interest to the TIMES audience include R&D Management, Technology and Organizational Change, Technology and Strategy, Technology and Resources, Product Development, and Entrepreneurship.

Daniel Blaseg’s winning dissertation is titled “Crowdfunding”.

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RESEARCH SEMINARS

Fabian Gaessler Senior Research Fellow, Max Planck Institute for Innovation and Competition September 19th Title: Training with AI, Winning Against Humans – Evidence from Chess Computers Abstract: Artificial intelligence (AI) has been shown to compete with people for increasingly complex tasks. However, little is known about how AI can be complementary to labor. In this paper, we propose that interacting with AI can benefit human skill development and provide evidence for this by studying the first large-scale adoption of AI. More specifically, we examine how the emergence of chess computers in the 1980s affected the skill development of human chess players. We hypothesize that chess computers provide anytime non-public training and experimentation opportunities with positive effect on human player performance. However, this effect largely depends on whether the respective chess computer represents a sufficiently strong sparring partner. We exploit the unavailability of chess computers in the Soviet Union until its collapse as a natural experiment for chess computer adoption. We find preliminary evidence that chess computers had a positive effect on player performance. Human players with access to sufficiently strong chess computers became more competitive and experienced a faster increase in skill level.

Amanda Williams Senior Researcher, ETH Zurich September 20th Title: Strategizing corporate contributions to the UN sustainable development goals Abstract: Since their adoption in September 2015, the UN Sustainable Development Goals (SDGs) have spread quickly as a framework to convene diverse stakeholders and establish a common language to drive action towards the 17 goals. In this project, we aim to explore how companies adjust, translate, and use the SDGs for designing corporate strategies. To date, we have collected data for one case study, the use of the SDGs by Sodium Inc., Switzerland’s leading producer of salt. In this draft, we describe four phases of the strategy-making process: initial selection of relevant SDGs, idea generation & consolidation, prioritizing & defining projects, and implementation. We conclude with the initial implications of this case and use of the SDGs for corporate strategizing.

Nicolas Padilla PhD Candidate, Columbia Business School September 20th Title: The Custumer Jorney as a Source of Information Abstract: In high involvement purchases such as flights, insurance, and hotel stays, firms often observe at most only a handful of purchases during a customer lifetime. The lack of multiple past purchases presents a challenge for firms to infer individual preferences. Moreover, customers in these industries often look for products that satisfy different needs depending on the context of the purchase (e.g., flights for a family vacation vs. flights for a business trip), further complicating the task to understand what a customer might prefer in the next purchase occasion. Fortunately, in such high involvement purchases, these settings also collect other pieces of information; prior to a purchase, firms often have access to rich information on the customer journey, over the course of which, customers reveal their journey-specific preferences as they search and click on products prior to making a purchase. The objective of this paper is to study how

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firms can combine the information collected through the customer journey —search queries, clicks and purchases; both within-journeys and across journeys— to infer the customer’s preferences and likelihood of buying, in settings in which there is thin purchase history and where preferences might change from one purchase journey to another. We build a nonparametric Bayesian model that links the customer clicks over the course of a journey, and across journeys, with the customer’s history of purchases. The model accounts for what we call context heterogeneity, which are journey-specific preferences that depend on the context in which the journey is undertaken. We apply our model in the context of airline ticket purchases using data from one of the largest travel search websites. We show that our model is able to accurately infer preferences and predict choice in an environment characterized by very thin historical data. We find strong context heterogeneity across journeys, reinforcing the idea that treating historical journeys as reflecting the same set of preferences may lead to erroneous inferences.

Ruben Durante ICREA Researcher Professor, Universitat Pompeu Fabra September 26th Title: Media Attention and Strategic Timing in Politics: Evidence from U.S. Presidential Executive Orders Abstract: Do politicians tend to adopt unpopular policies when the media and the public are distracted by other events? We examine this question by analyzing the timing of the signing of executive orders (EOs) by U.S. presidents over the past four decades. We find robust evidence that EOs are more likely to be signed on the eve of days when the news are dominated by other important stories that can crowd out coverage of EOs. Crucially, this relationship only holds in periods of divided government when unilateral presidential actions are more likely to be criticized by a hostile Congress. The effect is driven by EOs that are more likely to make the news and to attract negative publicity, particularly those on topics on which president and Congress disagree. Finally, the timing of EOs appears to be related to predictable news but not to unpredictable ones, which suggests it results from a deliberate and forward-looking PR strategy.

Marco Giarratana Head of Strategy Department and Professor, IE Business School October 3rd Title: Text-Mining in Patents and Scientific Articles: Knowledge Revealing and Withholding in Electric Energy Storage Technology Abstract: Using text analysis in patent and scientific article corpora, we highlight topics that define the technology landscape of Electric Energy Storage (EES) devices for electric vehicles. We use topic modeling to construct topic maps coming from 7,734 patents granted to companies (industrial research) and 675 pure academic scientific articles (academic research) published in top peer reviewed journals between the years 2001 and 2017. We find that modular innovation explains better academic research, while architectural innovation is a good framework for interpreting industrial research. Then, we use kNN classification algorithm to map patent with academic article topics, and to construct an alternate view of industrial research through the lens of academic research. With this methodology, we highlight performance targets that are relatively underrepresented in patent texts, most probably because of strategic knowledge withholding. Results are validated by interviews with field experts.

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Arianna Marchetti PhD Candidate in Strategy, INSEAD October 10th Title: Firms of a Feather Merge Together: The Coordination Benefits of Compatible Cultures Abstract: In this paper, I argue that the culture compatibility acquirer and target exhibit at the time of a deal announcement—defined as the strength of the overall culture they would form, if combined—entails coordination benefits, positively affecting M&A outcomes. By parsing the recombination and coordination effects of an organizational culture and theorizing about the coordination benefits that strong cultures engender (while controlling for the recombination potential), this paper reconciles the mixed evidence found so far when studying the effect of cultural differences on M&A performance. I measure organizational culture using text reviews employees post on Glassdoor.com about their companies. I develop an approach based on topic modeling, a machine learning algorithm for natural language processing, to measure culture compatibility based on the distribution of reviews in the space of topics that individuals consider important when writing about their companies. Using a sample of 349 technology acquisitions, matched to counterfactual “pseudo-deals,” and about 780,000 Glassdoor text reviews, I find that pre-deal acquirer-target culture compatibility is positively associated with the likelihood of deal announcement, as well as with superior stock returns. The effect is stronger for cross-border deals, in which coordination is expected to be more challenging to achieve than in domestic deals.

Mohammad H. Rezazade Mehrizi Assistant Professor in KIN research group, VU University Amsterdam October 17th Title: “Artificial Intelligence as…?” How do radiologists frame AI (in) capabilities in relation to their knowledge work?

Abstract: Artificial intelligence (AI) has entered various professions. As a distinguishing character, AI is a technology that has ‘knowing’ claims: (pretending) for understanding the world and solving problems. With their knowing claims, AI applications seem to transform the knowledge work, which has historically been exclusive to human experts.

However, given the emergent nature of AI, the way technology is getting shape and embedded into work practices depends on how professionals perceive it in relation to their knowing practices. In particular, we are interested in understanding how professionals perceive AI as a new technology with knowing claims, and perceive its impacts on their knowledge work.

We studied radiology profession as a rich case, where the perceptual and cognitive nature of practices lends itself to major transformations by AI. Relying on socio-cognitive perspectives of professional knowledge, we examined how various radiologists frame AI as a technology that can participate in ‘constructing medical facts (extracting medical information from radiological images)’, ‘applying these facts into answering medical questions (diagnosing the medical images)’, and ‘legitimizing the knowledge claims (e.g., justifying and assuring the validity of the medical diagnosing and reporting them)’.

Based on our analysis of 80 radiologists’ accounts (from different backgrounds, specializations, seniority levels, and experiences with AI), we identified six distinct ways of framing AI: as ‘Holy Ghost’, ‘Telescope’, ‘SPSS’, ‘Assistant’, ‘Tesla car’, and ‘Colleague’. We show that understanding the images that professionals have about AI helps us understand (and partially explain) the various ways in which they 1) characterize the (in)capabilities of AI for making knowing claims and 2) reframe their accounts of their knowledge work. We discuss the implications of our findings for understanding the sociocognitive interactions between the AI developer and user communities in the context of transforming knowledge work.

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Pedro Gete Professor, Department of Finance, IE Business School October 17th Title: Investors in Housing Markets: New Facts and Implications Abstract: We document new facts about investors in housing markets: 1) Individual investors have been replaced by institutional investors; 2) Small investors dominate among the new investors; 3) They have a strong home bias and focus on low-tier markets with high-rental yields; 4) These investors search for yield and are less likely to flip properties for capital gains. Thus, housing price momentum is substantially reduced; 5) In the short-term investors cause higher housing prices, especially in areas with low housing supply elasticity, and in the bottom price-tier and the single-family market. However, we show that those are short-lived effects. That is, in the medium-term investors bring liquidity into housing markets and the reaction of construction leads to reductions in prices and improved affordability. Thus, regulations should consider the whole dynamic effects of investors' purchases.

Daniel Hjorth Professor, Copenhagen Business School October 25th Title: The Entrepreneurial Capacity of Bureaucracy Abstract: Public bureaucracy has been relentlessly criticised for impeding organisational entrepreneurship, creativity and change. The main purpose of this paper is to inquire into the potential entrepreneurial capacity of bureaucracy – an inquiry originally inspired by an ethnographic study of a public bureaucracy. The inquiry begins by briefly reviewing influential critiques of bureaucracy. We also review and discuss scholars that have argued for the significant values of bureaucracy in order to bring together a fertile ground for a theoretical contribution: proposing that the concept of entrepreneurial bureaucracy makes sense. It makes sense from a processual framework, which, following Deleuze, reveals the significance of desire, also in bureaucracy. We find that bureaucracy involves, at least, two desires – a ‘desire to secure’ and a ‘desire to serve’ – and argue for the latter being a driver of bureaucracy’s entrepreneurial capacity.

James Pick Professor and Director of the Center of Spatial Business, School of Business, University of Redlands October 30th Title: Case Studies on Location Analytics in Business: Strategies and Competitiveness Abstract: This seminar discusses a series of case studies conducted in the last year on nine companies that are using Location Analytics and GIS for competitiveness. For UPS, Walgreens, Kentucky Fried Chicken, Travelers Insurance, Planned Grocery, Costa Crociere (Italy), J.D. Irving (Canada), Oxxo (Mexico), and British Petroleum, a variety of geo-intelligence strategies are utilized depending on the firm’s spatial maturity and locational value. Companies often had key breakthroughs that elevated location analytics to an enterprise-wide, competitive factor. Some common threads are drawn, which lead in to discussion and questions.

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Lachlan Deer Postdoctoral fellow, Booth School of Business, University of Chicago November 4th Title: Online Word of Mouth and the Performance of New Product Abstract: We investigate the effects of online word of mouth on the demand for new products using Twitter data. Twitter can both generate buzz & awareness as well as provide information on product quality that can readily diffuse through the population. Leveraging comprehensive data from the US movie industry and Twitter, we estimate a structural model of consumer demand for attending theatrical releases in 2014-2015 that incorporates both information channels. The results show that both channels are important, but differ across types of movies. We find pre-release tweet volume is the most important channel for large franchise movies, generating buzz that influences box office earnings on the opening weekend.

Demand for mid tier movies responds to increasing awareness driven by the volume of tweets posted after a movie is released. In contrast, the sentiment expressed in online WoM after a movie’s release influences box office demand in subsequent weekends for smaller movie.

Jesper Rosenberg Hansen Professor, Aarhus University November 7th Title: Does salary have the same effect on job satisfaction in public and private sector: And does it matter?

Leif Melin Professor Emeritus of Strategy and Organisation, Jönköping International Business School November 7th Title: Mourning the Loss of a Family Business: Unfolding Meanings of Ownership Abstract: This paper is about losing ownership and its implications where we link literature on psychological and social ownership to the literature of grief and mourning. Relying on a two year real-time process of owners exiting a family firm in its sixth and seventh generations, we unfold meanings of ownership and find that such meanings are lost, reactivated and/or new links are made to previous ownership. These categorizations add to the literature that hitherto has not attended to such meanings as a right of their own. We also add to the existing psychological and social ownership literature by conceptualizing emotional liberation from ownership.

David S. Bedford Senior Lecturer, University of Technology Sydney November 13th Title: Safeguarding the unknown? Practical meaning of research quality in the performance measurement era at universities

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Abstract: In this study we examine the practical meaning of quality in academic research. The study is inspired by a worry that the difficult-to-define notion of quality in research is potentially getting too simplistically determined by its measurable proxies, and whether academics, especially manager-academics, realise this risk as well as how they deal with it. While previous studies provide relatively good visibility to the landscape of performance measurement in the university sector, we know little about how performance measurement systems (PMSs) are mobilized locally, especially in relation to how one of the fundamental virtues of scholarly work, that of producing quality, is perceived and managed. To examine these matters empirically, we conducted a comparative case study of two university faculties in one European country. Despite notable differences in the design and use of the local PMSs, manager-academics of the two faculties are found to have rather similar conceptual understandings of quality in research. However, there were differences in the perceived opportunity for, and willingness to exert, their agency regarding how quality is operationalised. This is seen to be partly a function of how restrictive or inclusive the local PMS is in defining academic performance and the extent of reliance on the PMS in forming judgmental evaluations of research quality. We conclude by commenting on the pressing need for academics to exercise their agency in efforts to resist prevailing forces, from both outside and within universities, that are driving a narrower understanding of what quality in research means in practice, and how PMSs can play a role in either encouraging or constraining the potential for such agency.

James Pick Professor and Director of the Center of Spatial Business, School of Business, University of Redlands November 18th Title: Case Studies on Convergence of Location Analytics and Social Media Abstract: The goal of this seminar to gain knowledge and provide novel research insights on how GIS and social media converge and relate to each other. Social media platforms trace the proximity of persons with each other and with organizational assets for the purposes of meeting, socializing, collaborating, locating, and making decisions. One perspective is how social media can inform or enhance situational awareness of ongoing situations such as emergencies. In the travel sector, travelers’ visitation preferences can be analyzed through geolocated blogging behavior.

Another perspective is how GIS can be utilized as a tool to map and understand the prevalence and content of social media in varied geographies. A different view is that social media reveals behavioral attitudes keyed to geographies which are useful in marketing and locating facilities and operational assets. The basis of this seminar is a special issue of the International Journal of Geo-Information, edited by the presenter, which will appear in its entirely in early 2020. Several accepted articles will be discussed including one that analyzes the distribution of social media types for the US counties, coauthored by the presenter. Discussion is encouraged on ideas and approaches to this rapidly growing and important area of research.

Julien Sauvagnat Associate Professor, Department of Finance, Bocconi University November 21st Title: Employment Effects of Alleviating Financing Frictions: Worker-level Evidence from a Loan Guarantee Program Abstract: We study the employment effects of loan guarantee programs aiming at mitigating financing frictions for small businesses. Exploiting worker-level panel data combined with plausibly exogenous heterogeneity in policy generosity across French regions, we find that such programs have a significant and persistent positive impact on workers' employment and earnings trajectories. The program disproportionately benefits high earnings, male and younger workers, due to differences in retention decisions by the initial employer. We estimate the gross cost to preserve a job(-year) to be around euro 3,200â‚Ź and a negative net cost when we include the savings on unemployment benefits.

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Déborah Philippe Professor in the Department of Strategy, Globalization and Society, HEC Lausanne and Vice Rector “Careers and Society”, University of Lausanne

David Zajtmann Professor and Head of Academic Coordination and Partnership of the Fashion, Design and Luxury Management Postgraduate Program, Institut Français de la Mode November 21st Title: The Emergence, Institutionalization and Evolution of a Status Order: a Study of the French High-End Fashion Field Abstract: Extant status research has investigated status mobility and vertical category shifts within stable status orders but provide little insight into the mechanisms that drive change in the category system underpinning a status order. In this study, we illuminate factors that affect the vertical stratification of an organizational field over time. Specifically, we shed light on the strategies deployed by different stakeholders at different stages in the history of a field and what is driving these strategies. Our empirical setting is the field of the French high-end fashion industry, from 1911 until today. This setting is particularly appropriate because high fashion is structured by a sophisticated stratified system of labels or categories and key intermediaries acting as both guides and critics that contributes to the construction of these categories. We show how changes in the category system can be linked to changing social and economic conditions in French and international fashion that challenged the legitimacy of the status order.

Namrata Goyal Associate Research Scholar, Columbia Business School November 22nd Title: Belief in karmic punishments lessen revenge intentions: Cultural perspectives on Justice Abstract: Does believing in karmic punishments curb revenge intentions? Using a multi-method approach, we uncovered cultural differences in revenge linked to karmic beliefs. Study 1 (N=200) experimentally demonstrated that Americans perceive an actor who engages in revenge as more moral than an actor who harms for no reason, whereas Indians perceive the two actors as equally immoral. Tapping individual differences, Studies 2 (N=214), 3 (N=204) and 4 (N=214) provided evidence that beliefs in karma explain cultural variation in revenge, with beliefs in karma predicting lower revenge intentions.

Study 5 (N=201) uncovered a causal link between karma and revenge, with Americans showing decreased revenge intentions when primed with karma. Our investigation provided evidence that believing in karma influences attitudes toward revenge over and above other major approaches to justice, including Just World Beliefs and Beliefs in a Moralizing God. Our results imply that cosmic theories of justice linked to karma have advantages in decreasing antisocial tendencies towards moral transgressors, while also highlighting the importance in future research of investigating the dark sides of karma.

Stefan Haefliger Professor of Strategic Management & Innovation, CASS Business School November 25th Title: Building the Silicon Cage: The regulatory promise and effect of digital technology in financial services Abstract: Externally imposed rules have changed the financial services dramatically after the financial crisis. This study covers two global investment banks and traces the creation of a system of regulatory technologies that reach deep inside the

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trading and investments practices of the banks. This happens by extensive and detailed materialization of rules into trading and risk managements systems, articulating rules for related practice across hierarchies and business units and creating accountability and surveillance-based control that is imposed by the strategic compliance function. Banks have implemented these technologies to maintain their legitimacy in the face of increased regulatory pressure. We refer to this process and related effects as perfect regulatory storm that involves the building of a ‘silicon cage’ of financial work. We theorize in novel ways about the reach and grasp of this new breed of regulatory technology in financial services and observe emergence of a new kind of compliance function that permeates the whole organization and encompasses new competences and comes with strategic and cultural change.

Ryan Burg Visiting Assistant Professor on Management, Freeman College of Management, Bucknell University November 25th Title: Humanistic Money Abstract: Despite the saturation of cause-related marketing and green branding initiatives, businesses struggle to meet a meaningful standard of responsibility. On the fringe of mainstream supply chains, there is evidence of profound misconduct, implicating firms in the American opioid epidemic, the depletion of the Amazon rainforest, and the unmitigated climate change threat. In response, I will present an alternative approach to business and society that aims to instill personal and organizational accountability through an alternative money system. The objective of this system is to link income with longterm, prospective risks wherever externalities are being pushed onto stakeholders or living systems. The strategy is to devolve governance responsibilities to a more specialized stakeholder community and to improve managerial responsiveness in the process. Whether as a theory of responsibility or a practical initiative, I develop an alternative currency system as a platform for interpersonal transactional oversight. Established approaches to business and society tend to depend upon managerial, legal, and ethical interventions. In contrast, humanistic money widely distributes governance to check inter- and intra-organizational misconduct.

Ana Fernandes Professor, Bern University of Applied Sciences November 28th Title: The Effects of Gender and Parental Occupation in the Apprenticeship Market: An Experimental Evaluation Abstract: The apprenticeship market is the earliest possible entry into the workforce in developed economies. Since early labor market shocks are likely magnified throughout professional life, avoiding mismatches between talent and occupations e.g. due to gender- or status-based discrimination appears crucial. This experimental study investigates the effects of applicant gender and its interaction with parental occupation on callback rates in the Swiss apprenticeship market, i.e. invitations to an interview, assessment center, or trial apprenticeship. Our correspondence test consists of sending out fictitious job applications with randomized gender and parental occupation to apprenticeship vacancies in four Swiss regions.

We by and large find no robust evidence of differential treatment by employers, as gender and parental occupation do not affect callback rates in a statistically significant way in most cases.

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Davide Proserpio Assistant Professor of Marketing, USC Marshall School of Business November 29th Title: The Effect of Home-Sharing on House Prices and Rents: Evidence from Airbnb Abstract: We assess the impact of home-sharing on residential house prices and rents. Using a dataset of Airbnb listings from the entire United States and an instrumental variables estimation strategy, we show that Airbnb has a positive impact on house prices and rents. This effect is stronger in zipcodes with a lower share of owner-occupiers, consistent with nonowner-occupiers being more likely to reallocate their homes from the long- to the short-term rental market. At the median owner-occupancy rate zipcode, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices. Finally, we formally test whether the Airbnb effect is due to the reallocation of the housing supply. Consistent with this hypothesis, we find that, while the total supply of housing is not affected by the entry of Airbnb, Airbnb listings increase the supply of short-term rental units and decrease the supply of long-term rental units.

Verónica Devenin Visiting Fellow, ICTA, Autonomous University of Barcelona November 29th Title: Assession the comptability of business and degrowth: The case of regenerative of life businesses Abstract: The degrowth movement emerged as a response to the current unlimited growth economy and its consequences, in terms of climate and environmental crises. Therefore, degrowth claims for a reduction of the society’s throughput of energy and materials, in order to respect the planetary limits, through downscaling production and consumption. Although businesses are key actors to the production and the consumption dynamics, there is still scant literature on business and degrowth. This paper addresses this gap by analyzing the compatibility of degrowth’ building blocks with regenerative businesses, a particular type of social enterprise. These companies aim to regenerate already degraded socio-ecological ecosystems, through the way they produce their products and services. Our findings suggest that these companies are compatible with degrowth. Moreover, this paper extends the theory on degrowth and business by proposing the concepts of entrepreneur’ simplicity and market-sharing.

Susana Esper Postdoctoral researcher, IESEG School of Management December 4th Title: Multistakeholder dialogue and the perception of hypocrisy in CSR and SD controversies Abstract: Multistakeholder dialogue has been a key concept to explain how multiple environmental controversies emerge, persist and are resolved. In this study, we unveil the role that perceptions play during multistakeholder dialogue.

Specifically, we show that the perception of hypocrisy - that is, the perception that stakeholders embrace public positions that are deliberatively inconsistent to their concrete actions or intentions - has strong implications for the evolution of corporate social responsibility (CSR) and sustainable development (SD) conflicts. Rather than devoting efforts to finding a common solution for environmental degradation, when the perception of hypocrisy is widespread, stakeholders search for opportunities for their own legitimation purposes and therefore benefit from the persistence of the episode rather from its resolution. Drawing upon political corporate social responsibility and the organizational hypocrisy and decoupling literatures we unveil the temporal mechanism –the spiral of hypocrisy- through which the perception of hypocrisy becomes the driving force of the controversy, distorting deliberation and affecting the moral legitimacy of all the stakeholders involved.

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Christian Brownlees Associate Professor, Department of Economics and Business, Pompeu Fabra University December 3rd Title: Backtesting Global Growth-at-Risk Abstract: We conduct an out-of-sample backtesting exercise of multivariate Growth-at-Risk (GaR) predictions for 24 OECD countries. We consider forecasting methods based on quantile regression (QR) and GARCH models. We find evidence of predictability up to one year ahead, and the forecasts based on GARCH models dominate those based on QR. Our empirical evidence supports the view that the time-varying dynamics of the lower quantiles of GDP growth cannot be distinguished from those implied by time-varying volatility.

Arjen van Lin Assistant Professor, Marketing Department, Tilburg School of Economics and Management December 12th Title: From Cash to Trash? Retailer Price Promotions and their Effect on Household Food Waste Abstract: Retailer price promotions, and in particular buy-one-get-one-free (BOGOF) deals, are often singled out as a principal cause of household food waste. The typical argument is that discounting prompts shoppers to purchase more frequently or in larger quantities than they need, which subsequently boosts waste, yet this claim has never been tested empirically. In this research, we combine household purchase data and survey data to examine the relationship between retailer price promotions and household food waste. Households reported usage and food waste after purchase for a set of perishable products in no promotion, standard (money-off) discount, and multi-unit promotion conditions. Counter to popular wisdom, the data indicate that BOGOF deals and other types of multi-unit promotions actually reduce food waste: households in this condition wasted less food and took more preventive action (by freezing leftovers) than households in the no promotion and standard discount conditions. We consider different explanations for this surprising finding, and the leading explanation is that multi-unit promotions make households more responsible because they increase the salience of the purchase.

Anatoli Segura Economist and Stability Directorate, Bank of Italy December 12th Title: Backtesting Global Growth-at-Risk Abstract: We characterize policy interventions directed to minimize the cost to the deposit guarantee scheme and the taxpayers of banks with legacy problems. Non-performing loans (NPLs) with low and risky returns create a debt overhang that induces bank owners to forego pro.table lending opportunities. NPL disposal requirements can restore the incentives to undertake new lending but, as they force bank owners to absorb losses, can also make them prefer the bank being resolved.

For severe legacy problems, combining NPL disposal requirements with positive transfers is optimal and involves no con.ict between minimizing the cost to the authority and maximizing overall surplus.

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Judith Stroehle Postdoctoral researcher, Saïd Business School, University of Oxford December 13th Title: Exploring Non-financial Performance through the Social Origins of ESG Abstract: As both demand and supply for information about companies’ sustainability performance continues to grow, many investors complain that the data universe for environmental, social and governance (ESG) data is too complex, lacking clarity about measurement and comparability. Corroborating this concern, studies have shown how ESG data from different sources display very little correlation due to methodological divergence (Berg, Koelbel and Rigobon, 2019). This is a concern because, albite this divergence, ESG is becoming an increasingly influential data concept. To go beyond the mere technical differences between ESG data sources, our research on "the Social Origins of ESG" focusses on the “why” of this divergence.

Leveraging insights from a sociology of quantification and knowledge construction, as well as Foucault’s reading on discipline, we find that differences between ESG sources are the result of a function of the historical origins of ESG data vendors and the processes of social construction which occur within them over time. Three dimensions are examined: data vendors’ conceptualization of sustainability, their definition of materiality and their specialization. By examining how Social Origins influence the processes of quantification at nine ESG data vendors, we reveal patterns which suggest that data vendors either pursue a financially value-driven or a normative, values-driven strategy in their creation of ESG data. The presentation will discuss what these insights mean for the utility of this data to convey information on companies' sustainability and put the findings into the context of a larger discussion around the authority and impact of varying corporate non-financial performance concepts.

Florian Überbacher Senior Researcher and Lecturer, Chair of Foundations of Business Administration and Theories of the Firm, University of Zurich December 13th Title: General Deterrence of Systemic Transnational Misconduct: How Swiss Banks’ Territoriality Beliefs Shaped Their Responses to U.S. Government’s Claims of Legal Authority Abstract: For decades, the entire population of Swiss cross-border private wealth management organizations (PWMOs) had engaged in what we refer to as systemic transnational misconduct in that they transgressed United States (U.S.) law by helping U.S. clients evade U.S. tax liabilities. We conduct a qualitative case study to explore whether, and if so, under which conditions the enforcement of U.S. national law against some Swiss PWMOs led to the general deterrence of transnational organizational misconduct in the Swiss PWMO population such that it not only deterred the targeted PWMOs from violating U.S. law but also the other Swiss PWMOs who were not targeted by U.S. enforcement acts (henceforth referred to as ‘observers’). Based on our findings, we develop an interpretive, observer-centered theory about the general deterrence of systemic transnational misconduct. In contrast to the widely-held Weberian view, our theory conceptualizes nation states’ territory – defined as the scope of issues, actors, and geographic space over which national governments have legal authority and within which their national institutional rules are considered valid and binding – not as ontologically fixed but rather as an outcome of social construction. Specifically, our theory points to the role of observers’ perceptions about the scope of U.S. territory (i.e. their ‘territoriality beliefs’) as critical factor for explaining whether national governments can achieve general deterrence of systemic transnational misconduct (or not): Observers’ territory beliefs shaped whether they categorized their conduct as being within (or outside) U.S. government’s reach and thus also whether they perceived a high certainty of punishment and became compliant with U.S. national institutional rules (or not). We also suggest that observers’ territory beliefs were influenced notSe only by characteristics of the enforcement acts of U.S. government (i.e. by their scope and ambiguity) but also by the territory claims that the incumbent Swiss government made. Our study makes significant contributions to institutional, regulatory and international business scholarship.

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Maria Guadalupe Associate Professor of Economics and Political Science, INSEAD December 19th Title: The Perfect Match: Assortative Matching in Mergers and Acquisitions Abstract: This paper studies the motives behind corporate mergers in developed countries. Using data for the five largest European countries, we characterize each firm by its productivity and market size before the merger. Then, using matching techniques that allow for matching along multiple discrete and continuous dimensions, we estimate whether there are complementarities between these dimensions. We find very strong positive assortative matching on productivity and also on size, and no complementarity across these two characteristics. Complementarities are similar in magnitude for related and unrelated mergers, and for domestic and cross-border mergers. We also follow merged firms to see how the evolution in their productivity and size depends on the characteristics of the initial merger. Overall, our results suggest that existing theories of mergers are generally not able to account for the dominant observed empirical patterns in these data.

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