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Why family matters: The impact of family resources on immigrant entrepreneurs' exit from entrepreneurship

We integrate insights from the social embeddedness perspective with research on immigrant entrepreneurship to theorize on how family resources influence exit from entrepreneurship among previously unemployed immigrant entrepreneurs. Results from a cohort study of immigrant entrepreneurs in Sweden reveal that family resources are important for immigrants to integrate economically into…

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English / 01/11/2016

Structural coupling through semantic systems

The article explains how semantic technologies can support complexity management for realizing digitalization strategies and achieving "digital maturity" of the firm. The argumentation is based on a systemic understanding of the differentiated corporation.

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English / 10/10/2016

The role of spatial and temporal structure for residential rent predictions

This paper examines the predictive power of five linear hedonic pricing models for the residential market with varying levels of complexity in their spatial and temporal structures. Unlike similar studies, we extend the out-of-sample forecast evaluation to one-day-ahead predictions with a rolling estimation window, which is a reasonable setting for many practical applications. We…

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English / 01/10/2016

Direct Democracy, Postal Voting, and the Composition of Turnout

Existing work on the effects of electoral reforms suggests that decreasing the costs of voting may exacerbate rather than reduce representational biases in turnout. We argue that some electoral institutions may have more uniform mobilization effects than previously thought and exploit the sequential introduction of postal voting in Switzerland to analyze how an exogenous decrease in…

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English / 01/10/2016

Impact of additive manufacturing on supply chain network structures –an exploratory case study analysis

Purpose: This paper demonstrates that additive manufacturing (AM), as a technological driver, has the potential to change the structural composition of entire supply chains. The research comprises a first, systematic analysis about the impact of AM on the network structures in engineer-to-order supply chains.

Research Approach: The paper pursues an inductive research…

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English / 07/09/2016

Is Governance Related to Investment Performance and Asset Allocation? Empirical Evidence from Swiss Pension Funds

This study investigates the relationship between governance, investment performance and asset allocation of pension funds in Switzerland. Our sample includes survey data from 139 Swiss occupational pension plans for which we develop a governance metric comprising attributes of organisational design, management incentives, target setting, investment strategy, investment processes,…

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English / 05/09/2016

Growth accounting and endogenous technical change.

This study explores growth accounting under endogenous technological progress. It is well known that the Solow approach overstates (understates) the contribution of capital accumulation (technological progress) to economic growth and that the Mankiw-Romer-Weil approach addresses this issue. However, we find that the Mankiw-Romer-Weil approach is inconsistent (consistent) with the lab…

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English / 01/09/2016

Decision rights: freedom, power, and interference

We propose a general theoretical model of decision‐rights allocation and choice, formulated in the context of a dynamic psychological game. Decision rights are valued not only instrumentally, i.e. according to the expected utility associated with the achieved outcomes, but also intrinsically, i.e. according to the procedure by which outcomes are achieved. As such procedural…

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English / 01/09/2016

The Earned Income Tax Credit:Targeting the Poor but Crowding Out Wealth

In this paper, we quantify the effects of the Earned Income Tax Credit (EITC) from a macroeconomic perspective. We analyze jointly the labor supply and saving responses to changes in tax credit generosity and their aggregate and distributional implications. Our results show that the EITC raises labor force participation, provides insurance to working poor households but also…

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English / 01/09/2016

Communal Land and Agricultural Productivity

Communal land tenure is a typical feature of many developing countries. Such tenure regimes implement a “use it or lose it” principle by imposing restrictions to land transferability that are enforced via the threat of expropriation. This paper measures the distortionary impact of communal land in a dynamic general equilibrium model of occupational selection, calibrated to Ethiopia.…

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English / 01/09/2016

Liquidity Constraints, Wealth Transfers and Home Ownership

We study the impact of liquidity constraints on home ownership by comparing the tenure and housing choice of households who receive intra-family wealth transfers to those that do not. Our analysis is based on household-level panel data providing annual information on household characteristics, wealth transfers, tenure status as well as changes in the size and quality of housing. Our…

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English / 01/09/2016

Measuring the social identity of entrepreneurs: Scale development and international validation

Social identity theory offers an important lens to improve understanding of founders as enterprising individuals, the venture creation process, and its outcomes. Yet, further advances are
hindered by the lack of valid scales to measure founders' social identities. Drawing on social identity theory and a systematic classification of founders' social identities (…

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English / 01/09/2016

Gauging Procurement Policy Change During the Crisis-Era: Evidence from the Global Trade Alert.

This paper summarises the principal findings of the data collection efforts by the independent Global Trade Alert team on public procurement policy changes undertaken since November 2008. A particular focus is on policy changes that alter the relative treatment of domestic firms vis-à-vis foreign rivals. The ultimate goal of this paper is to inform other, ongoing data collection…

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English / 01/09/2016

Destituent entrepreneurship: disobeying sovereign rule, prefiguring post-capitalist reality

This article introduces ‘destituent entrepreneurship’ as a way of imagining the political thrust of entrepreneurship under conditions of crisis. Taking its cues from Giorgio Agamben’s work on destituent power, and from theories of prefigurative praxis by other thinkers, this analysis uses the occupied-enterprise movement in Argentina as an illustrative case to cultivate sensitivity…

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English / 23/08/2016

Making sense of a most popular metaphor in Management: Towards a HedgeFox Scale for cognitive styles

In the field of business and management, research on cognition has increased over the last 40 years (Armstrong, Cools & Sadler-Smith, 2012). It gathered momentum, especially in the context of learning, problem solving, and social behavior (Riding & Sadler-Smith, 1997; Chan, 1996; Armstrong & Priola, 2001). A popular example of individual style differences goes back to…

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English / 05/08/2016

A Moderated Mediation Model of Team Boundary Activities, Team Emotional Energy, and Team Innovation.

Past research on team boundary work has focused on a “cold,” information-exchange perspective to explain why boundary activities affect team innovation. Although the theory is widely accepted, empirical studies on the actual mechanism are scant and produce inconsistent results. Drawing from Interaction Ritual Theory (Collins, 2004), we propose a “warm,” affective perspective that…

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English / 01/08/2016

Banks and Sovereigns: A Model of Mutual Contagion

The recent crisis has revealed that bank and sovereign risks are inherently intertwined. This paper develops a model of the bank-sovereign nexus to identify the main spillovers and to study the implications of guarantees and capital regulation. We show how banks’ asset risk may trigger a sovereign default through taxation and deposit insurance. The latter can be contagious because of…

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English / 01/08/2016

Unsecured and Secured Funding

We provide the first joint analysis of the secured and unsecured money markets of the euro area using bank-level data. After the Lehman crisis, two important substitution mechanisms emerge: banks with higher credit risk offset reductions of unsecured borrowing with secured funding. Riskier banks replace unsecured lending by granting more secured loans. However, high leverage and…

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English / 01/08/2016

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