Publications des institutions partenaires
Essays on variance risk
My PhD thesis consists of three papers which study the nature, structure, dynamics and price of variance risks. As tool I make use of multivariate affine jump-diffusion models with matrix-valued state spaces. The first chapter proposes a new three-factor model for index option pricing. A core feature of the model are unspanned skewness and term structure effects, i.e., it is...
Institution partenaire
English / 27/12/2016
The Folk Theorem of decreasing effectiveness of monetary policy: what do the data say?
It is increasingly claimed that unconventional monetary policies are subject to decreasing effectiveness in supporting growth and raising the inflation rate. There are good reasons to believe that the effects of further asset purchases by central banks and of moving the interest rate deeper in negative territory progressively decline. But has it been happening? This paper attempts to...
Institution partenaire
Institut de hautes études internationales et du développement
/ 22/12/2016
Transfer of Human Resource Management Practices within US Multinational Companies: a 3 country case study
This thesis addresses the topic of influencing factors on the transfer of Human Resource Management (HRM) practices in Multinational Corporations (MNCs), a topic embedded in International Business (IB) and more precise in International Human Resource Management (IHRM). It builds on the debate of international dominance, transfer motives, and the different viewpoints on the triggers,...
Institution partenaire
English / 21/12/2016
Politik als Feind der Wissenschaft : Ein Verbot der grünen Gentechnik schadet der Schweiz
Institution partenaire
Deutsch / 17/12/2016
Business-humanitarian partnerships: processes of normative legitimation
Institution partenaire
Institut de hautes études internationales et du développement
English / 08/12/2016
ICT and gamified learning in tourism education: a case of South African secondary schools
Tourism is often introduced as a subject in formal education curricula because of the increasing and significant economic contribution of the tourism industry to the private and public sector. This is especially the case in emerging economies in Asia and Africa (Hsu, 2015; Mayaka & Akama, 2015; Cuffy et al., 2012). Tourism in South Africa – which is the geographical setting of...
Institution partenaire
English / 10/11/2016
Liquidity-driven FDI
We develop a model of foreign direct investment (FDI) in which financially liquid foreign firms acquire liquidity-constrained target firms. Using a large dataset of emerging-market acquisitions, we find evidence supporting three central predictions of the model: (i) firms in external finance dependent and intangible sectors are more likely to be targets of foreign acquisitions; (ii)...
Institution partenaire
Institut de hautes études internationales et du développement
English / 25/10/2016
Behavioral analyses of retailers’ ordering decisions
The main objective I pursue in this thesis is to better understand how different factors may independently and in combination influence retailers' ordering decisions under different supply chain structures (single agent and multi agent), different demand uncertainty (deterministic and stochastic), and different interaction among retailers (no interaction, competition and...
Institution partenaire
English / 18/10/2016
Les compensations tangibles comme stratégies de réparation de service:: l'influence des facteurs situationnels, des caractéristiques du client et du service: études empiriques
Institution partenaire
Français / 12/10/2016
Handling the crowd: an explorative study on the implications of prosumer-consumer communities on the value creation in the future electricity network
Institution partenaire
English / 11/10/2016
Profit theory: a new macroeconomic approach
Profit and its investment in productive activities lie at the heart of modern monetary economies. Indeed, it is thanks to profit investment that fixed capital is produced and used by companies to increase the number of consumption goods and, ultimately, to increase the wealth of households. Yet, despite economists’ full understanding of corporate gains from a microeconomic...
Institution partenaire
English / 05/10/2016
National context effects in the transfer of HRM practices from headquarters of Western MNCs to their Ukrainian subsidiaries
Institution partenaire
English / 05/10/2016
The elusive costs of sovereign defaults
Few would dispute that sovereign defaults entail significant economic costs, including, most notably, important output losses. However, most of the evidence supporting this conventional wisdom, based on annual observations, suffers from serious measurement and identification problems. To address these drawbacks, we examine the impact of default on growth by looking at quarterly data...
Institution partenaire
Institut de hautes études internationales et du développement
/ 12/09/2016
Capital account liberalization, financial development and industry growth: a synthetic view
This paper synthesizes previous studies analyzing the effects of capital account liberalization on industry growth while controlling for financial crises, domestic financial development and the strength of institutions. We find reasonably strong evidence that financial openness has positive effects on the growth of financially-dependent industries, although these growth-enhancing...
Institution partenaire
Institut de hautes études internationales et du développement
/ 09/09/2016
Eurozone crisis: it’s about demand, not competitiveness
Institution partenaire
Institut de hautes études internationales et du développement
/ 09/09/2016
The role of authenticity constraints and geographical communities on entrepreneurship: Evidence from the Franconian beer industry 1989-2012
This dissertation focuses on the barriers that authenticity brings to entrepreneurial outcomes such as entry of new organizations, product diversification, and introduction of new products in traditional industries. Advancing theory on organizational authenticity and geographical communities, this thesis argues that authenticity is not only an asset that organizations can choose...
Institution partenaire
English / 05/09/2016
Can countries rely on foreign saving for investment and economic development?
A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using foreign finance for extended periods. While many of these episodes are in low-income countries where official finance is more important than private finance, this paper also identifies a number of episodes where a substantial fraction of domestic investment was...
Institution partenaire
Institut de hautes études internationales et du développement
English / 29/08/2016
Monetary policy and crude oil: the impacts of the financial system on economic stability and environment
Institution partenaire
English / 25/08/2016
Making the next billion demand access: the local content effect of google.co.za in Setswana
Recent attempts to connect the current ‘next billion’ to the Internet in places such as sub-Saharan Africa have not met expectations. In places where Internet infrastructure has come online and prices have gone down, the expected consequent increase in uptake was not observed. I develop a framework that incorporates language in the the two-sided markets framework, viewing differences...
Institution partenaire
Institut de hautes études internationales et du développement
English / 24/08/2016
Firm response to competitive shocks: evidence from Chinas minimum wage policy
The large regional variation of minimum wage changes in 2002—08 implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from labor to capital in low-wage firms, reduce employment growth, but also accelerate total factor productivity...
Institution partenaire
Institut de hautes études internationales et du développement
/ 24/08/2016
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