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Dynamics of innovation and risks

We study the dynamics of an innovative industry when agents learn about its strength, i.e., the likelihood that it gets hit by negative shocks. Managers can exert risk-prevention effort to mitigate the consequences of such shocks. As time goes by, if no shock occurs, confidence improves. This attracts managers to the innovative sector. But, when confidence becomes high, less managers…

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English / 05/05/2015

Bad boys: how criminal identity salience affects rule violation

We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity salience on cheating. The results show that inmates cheat more when we exogenously render their criminal identity more salient. This effect is specific to individuals who have a criminal identity, because an additional placebo experiment shows that regular citizens do…

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English / 01/05/2015

Counting on count data models : Quantitative policy evaluation can benefit from a rich set of econometric methods for analyzing count data

Often, economic policies are directed toward outcomes that are measured as counts. Examples of economic variables that use a basic counting scale are number of children as an indicator of fertility, number of doctor visits as an indicator of health care demand, and number of days absent from work as an indicator of employee shirking. Several econometric methods are available for…

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English / 01/05/2015

Apathy in schizophrenia as a deficit in the generation of options for action

Negative symptoms are a core feature of schizophrenia and have been grouped into 2 factors: a motivational factor, which we refer to as apathy, and a diminished expression factor. Recent studies have shown that apathy is closely linked to functional outcome. However, knowledge about its mechanisms and its relation to decision-making is limited. In the current study, we examined…

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English / 01/05/2015

Debt into growth: how sovereign debt accelerated the first industrial revolution

Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britain’s borrowing boom was beneficial. The massive issuance of liquidly traded bonds allowed the nobility to switch out of low-return investments such…

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English / 01/05/2015

Eye spots do not increase altruism in children

The evolutionary legacy hypothesis proposes that an evolved reciprocity-based psychology affects human behavior in anonymous one-shot interactions when reciprocity is not explicitly possible. Empirical support rests on experiments showing that altruism among adults increases in the presence of stylized eye spots or faces. Such stimuli do not affect material payoffs, but they are…

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English / 01/05/2015

Untangling trade and technology: evidence from local labour markets

We juxtapose the effects of trade and technology on employment in US local labour markets between 1980 and 2007. Labour markets whose initial industry composition exposes them to rising Chinese import competition experience significant falls in employment, particularly in manufacturing and among non-college workers. Labour markets susceptible to computerisation due to specialisation…

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English / 01/05/2015

Testing instrument validity for LATE identification based on inequality moment constraints

This paper proposes bootstrap tests for the validity of instrumental variables (IV) in just identified treatment effect models with endogeneity. We demonstrate that the IV assumptions required for the identification of the local average treatment effect (LATE) allow us to both point identify and bound the mean potential outcomes (i) of the always takers (those treated irrespective…

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English / 01/05/2015

What do we know about private family firms? A meta-analytic review

The universe of family firms is heterogeneous, and findings gleaned from publicly listed firms may not apply to the ubiquitous, but less frequently studied, privately held family firm (PFF). As PFFs are insulated from capital market pressures, owner-managers have greater latitude in setting strategic goals, which may result in different strategic choices and performance outcomes. By…

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English / 01/05/2015

The Resilient Family Firm: Stakeholder Outcomes and Institutional Effects

Research Question/Issue: Our study seeks to explain the relationship between publicly listed family-controlled firms (FCFs) and investor and employee outcomes before and during the global financial crisis. Theoretically, we develop
hypotheses suggesting that FCF resilience is beneficial to both investor and employees. Employing a large firm-level data set of 2,949 firms across…

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English / 01/05/2015

Loyalty, exit, and enforcement: evidence from a Kenya dairy cooperative

Organizations depend on members' "loyalty" for their success. Studying a cooperative's attempt to increase deliveries by members, we show that the threat of sanctions leads to highly heterogeneous response among members. Despite the cooperative not actually enforcing the threatened sanctions, positive effects for some members persist for several months. Other…

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English / 01/05/2015

Measuring the quality of records to improve organizational documentary testimony

This paper presents the important elements of doctoral research into archival science at the Université de Montréal – Ecole de bibliothéconomie et des sciences de information, about the definition and the measurement of the dimensions of quality applied to historical archives. It focuses mainly on three questions: first, what are intrinsic and extrinsic archival qualities; second,…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 27/04/2015

Identity-specific coding of future rewards in the human orbitofrontal cortex

Nervous systems must encode information about the identity of expected outcomes to make adaptive decisions. However, the neural mechanisms underlying identity-specific value signaling remain poorly understood. By manipulating the value and identity of appetizing food odors in a pattern-based imaging paradigm of human classical conditioning, we were able to identify dissociable…

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English / 21/04/2015

Risk and Return around the Clock

We investigate price discovery over the 24-hour trading day for equities, currencies, bonds, and commodities. Sizable price discovery occurs around the clock for most assets. For a given asset, intraday risk and return distributions are fairly similar, indicating a broadly constant risk-return-relationship during the day. Although the amount of price discovery varies significantly…

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English / 14/04/2015

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