infonet-economy

Im Zuge der Digitalisierung sehen sich Unternehmen mit einer zunehmenden Notwendigkeit zur Differenzierung konfrontiert. Um Kunden stärker an das eigene Unternehmen zu binden, konzentrieren sich viele Initiativen auf die Gestaltung besonderer Kundenerfahrungen. Der vorliegende Beitrag stellt auf Basis eines Innovationsprojektes der SAP einen ganzheitlichen Managementansatz für die…

The financialization of crude oil markets over the last decade has changed the behavior of oil prices in fundamental ways. In this paper, we uncover the gradual transformation of crude oil from a physical to a financial asset. Although economic demand and supply factors continue to play an important role, recent indicators associated with financialization have emerged since 2008. We…

Opportunity beliefs, in other words the beliefs of a potential entrepreneur about the feasibility and market fit of a venture idea, are considered as a key driver of entrepreneurial action. The entrepreneur's existing knowledge plays an important role in reducing the uncertainty surrounding a venture idea, thereby contributing to the formation of strong opportunity beliefs. We…

We investigate whether value-relevant foreign information only gradually dilutes into stock prices of multinational firms worldwide. Using an international sample of firms from 22 developed countries, we find that a portfolio strategy based on firms' foreign sales information yields future returns of more than 10% p.a. globally. The return spread due to foreign information is…

This article offers a fundamental critique of Michael Porter’s and Marc Kramer’s “Creating Shared Value” (CSV) concept. First, the authors summarise the positive and negative criticism which CSV has received since 2011. They then show that CSV falls short of a modern understanding of corporate responsibility which is centred on more adequate ideas about the relationship between…

The service literature highlights the importance of organizational leaders in creating an organization-wide customer orientation (CO). Yet some open questions remain regarding this relationship: Are organizational leaders from different hierarchical levels equally effective in creating a CO? Does the functional role of employees affect the importance of certain leaders? More…

More than ever, firms need to know how they impact on society, our values and our ways of living. In a world of high uncertainty, it is necessary to develop a sense of what really makes an organization valueable to the people. In research, the notion of Public Value addresses this type of value creation. It is about a firm's contribution to the common good as perceived by the…

This paper offers the first instrumental variables estimates of the wage returns to volunteer experience. The returns are substantial and differ considerably by gender. The results imply that the unequal valuation of volunteer experience by gender is more important in explaining the gender earnings gap than is the unequal valuation of part-time paid work experience. The results also…