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Socially responsible investing and stock performance: New empirical evidence for the US and European stock markets

This paper empirically examines the theoretically ambivalent relationship between socially responsible investing (SRI) and stock performance. It contributes to the existing literature by considering both the US and the entire European stock markets and by using consistent world-wide corporate sustainability performance data. Our portfolio analysis from 1998 to 2009 is based on the...

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English / 01/11/2014

Can system dynamics learn from social network analysis?

This article deals with the analysis of large or complex system dynamics (SD) models, exploring the benefits of a multimethodological approach to model analysis. We compare model analysis results from SD and social network analysis (SNA) by deploying SNA techniques on a pertinent example from the SD literature—the world dynamics model. Although SNA is a clearly distinct method from...

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English / 24/07/2014

Embracing ambiguity – lessons from the study of corporate social responsibility throughout the rise and decline of the modern welfare state

In the work of Karl Polanyi, the negative effects of a self-regulating market economy are described as being limited by societal forces such as the policies of the welfare state. With the decline of the modern welfare state since the late 1970s, social activities of business firms are increasingly regarded as an important complement to or even as a substitute for welfare state...

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English / 01/07/2014

The principle of common concern and climate change

Effective policies combating global warming and incentivising reduction of greenhouse gases face fundamental collective action problems. States defending short term interests avoid international commitments and seek to benefit from measures combating global warming taken elsewhere. The paper explores the potential of Common Concern as an emerging principle of international law, in...

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English / 01/06/2014

The motivation and impact of organized public resistance against agricultural biotechnology

Fifteen years of experience with the commercial cultivation of genetically modified (GM) corps and countless national and international risk assessments of genetically modified organisms (GMOs) suggest that the risks related to this new technology are not any different from those already known in conventional agriculture. Despite these reassuring findings, public distrust toward GMOs...

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English / 28/03/2014

The influence of pension funds on corporate governance

Although pension funds have gained importance in the last two decades, their role has not been described in detail by economic models. This article focuses on the scope of these institutional investors when they are not satisfied with a management team of a company in which the pension fund holds a block of shares. Stock holdings by pension funds are largely dispersed. Therefore, any...

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English / 28/03/2014

Private provision of public goods and asset prices

In capitalist societies it is the role of the state to establish the preconditions that promote societal well-being through proper functioning markets.
On the other hand enterprises have a right to provide goods and services in return for private profit. This sharp contrast between government and corporate responsibilities is created by a theoretical idealized first-best world...

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English / 01/01/2014

Archetypes of inter-firm relations in the implementation of management innovation: A set-theoretic study in China's biopharmaceutical industry

Innovation research increasingly focuses on understanding why and how firms implement new management practices, processes or structures. Emerging in the shadow of research on technological innovation, growing evidence points towards the inter-firm relation as an important locus of innovation. Yet although organizational theory suggests discrete alternative inter-firm coordination...

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English / 01/01/2014

Childbearing and (female) research productivity: a personnel economics perspective on the leaky pipeline

Despite the fact that childbearing is time-consuming (i.e., associated with a negative resource effect), we descriptively find female researchers with children in business and economics to be more productive than female researchers without children. Hence, female researchers with children either manage to overcompensate the negative resource effect associated with childbearing by...

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English / 01/01/2014

Part-time employment-boon to women but bane to men? New insights on employer-provided training part-time employment

Although previous literature has found substantial differences between female and male workers in almost all labor market outcomes, the question of whether training participation differs between female and male part-time workers has been neglected. This article provides a novel examination of whether the part-time training gap is gender-dependent. Using a Swiss dataset, we find that...

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English / 01/01/2014

A comparison of different pay-per-bid auction formats

Pay-per-bid auctions are a popular new type of Internet auction that is unique because a fee is charged for each bid that is placed. This paper uses a theoretical model and three large empirical data sets with 44,614 ascending and 1,460 descending pay-per-bid auctions to compare the economic effects of different pay-per-bid auction formats, such as different price increments and...

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English / 01/01/2014

Resistance to agricultural biotechnology: The importance of distinguishing between weak and strong public attitudes

Empirical research shows that European governments and retailers are unlikely to be directly punished by taxpayers and consumers if they move away from their anti-GMO positions and policies. However, it is ultimately not the weak attitudes of taxpayers and consumers that matter to governments and retailers but the strong attitudes of the noisy anti-biotech movement.

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English / 01/10/2013

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