Publications des institutions partenaires

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Externer Verwaltungsrat - Mehrwert für ein familiengeführtes KMU

Ein externer Verwaltungsrat (VR) kann familiengeführten KMU als Sparringpartner dienen, eine Aussensicht einbringen und dadurch die Betriebsblindheit reduzieren. Zudem wird an Themen gearbeitet, welche die Zukunft der Firma betreffen. Neben den grossen Chancen gibt es jedoch einige Voraussetzungen, damit ein externer VR in KMU auch seine Schlagkraft entfalten kann.

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Deutsch / 30/05/2017

The banking sector and the Swiss financial account during the financial and European debt crises

The US financial crisis and the later eurozone crisis have substantially impacted capital flows into and out of financial centers like Switzerland. We focus on the pattern of capital flows involving the Swiss banking industry. We first rely on balance-of-payment statistics and show that net banking inflows rose during the acute phases of the crises, albeit with a contrasting pattern…

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/ 29/05/2017

The effect of corporate taxes on investment: evidence from the Colombian firms

The paper assesses the role of taxes on investment in Colombian firms. The analysis is carried out at the firm level for the period 2003-2014. During this period, the national government set five different tax reforms, including changes in the statutory tax rates, tax credits and incentives for corporate investment. The effect of corporate taxation on investment is estimated by first…

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/ 29/05/2017

What drives the substitutability between native and foreign workers?: evidence about the role of language

This paper investigates the role of language in determining the degree of substitutability between foreign and native workers. To this end, we focus on Switzerland, an immigration-receiving country with four official languages spoken, three of which in common with bordering countries. We modify the model proposed by Ottaviano and Peri (2012) to account for the linguistic…

Institution partenaire

Università  della Svizzera italiana

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English / 26/05/2017

Umgang mit Risiken

Risikomanagement ist bei Weitem nicht nur ein Thema für Konzerne. Es gehört auch im Kleinunternehmen zu den zentralen unternehmerischen Aufgaben. Denn der geplante und professionelle Umgang mit Chancen und Risiken ist ein bedeutender Erfolgsfaktor, um die Unternehmensziele zu erreichen.

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Deutsch / 24/05/2017

Gestione dei rischi

La gestione del rischio non riguarda affatto soltanto i gruppi industriali. Essa rientra tra i principali compiti imprenditoriali anche in una piccola impresa. Una gestione professionale e pianificata di rischi e opportunità è infatti un importante fattore di successo ai fini del raggiungimento degli obiettivi aziendali.

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Italiano / 24/05/2017

How Investment Performance Affects the Formation and Use of Beliefs

This study provides new insights on how investors form beliefs about future asset prices and how they use these beliefs for their trading decisions. Compared to the objective Bayesian benchmark, investors become overly optimistic when they face a paper loss. In addition, selling decisions are less sensitive to beliefs than purchase decisions. This difference is driven by selling…

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English / 22/05/2017

Meeting real world demands of the global economy: : an employer’s perspective

Educational programs prepare students theoretically for the workplace, but many programs are still lacking in the real-world skills that the workplace requires. This is especially evident in Science, Technology, Engineering, and Math (STEM) education where today’s graduates hold a fundamental role in advancing science, medicine, sustainability, national security, and the economy, yet…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 12/05/2017

Exchange rate fluctuations and border crossings: evidence from the Swiss-Italian border

This paper provides an empirical analysis of the effects of nominal exchange rate fluctuations on cross-border mobility and on retailer firms' sales. Exchange rate shocks may affect the labour supply decisions of cross-border workers and the propensity for consumers to shop across the border. By using hourly data on traffic flows in Ticino, the southernmost canton of Switzerland…

Institution partenaire

Università  della Svizzera italiana

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English / 09/05/2017

Schweizer Verhältnis zu Europa wird nicht einfacher

Emmanuel Macron wird der neue Präsident Frankreichs. Finanzprofessor Mathias Hoffmann erklärt, was das für die Schweizer Wirtschaft bedeutet.

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Deutsch / 09/05/2017

Green taxes in a post-Paris world: : are millions of nays inevitable?

Turning the Paris Agreement’s greenhouse gas emissions pledges into domestic policies is the next challenge for governments. We address the question of the acceptability of cost-effective climate policy in a real-voting setting. First, we analyze voting behavior in a large ballot on energy taxes, rejected in Switzerland in 2015 by more than 2 million people. Energy taxes were aimed…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 08/05/2017

Green taxes in a post-Paris world ::are millions of nays inevitable?

Turning the Paris Agreement’s greenhouse gas emissions pledges into domestic policies is the next challenge for governments. We address the question of the acceptability of cost-effective climate policy in a real-voting setting. First, we analyze voting behavior in a large ballot on energy taxes, rejected in Switzerland in 2015 by more than 2 million people. Energy taxes were aimed…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 08/05/2017

Carbon pricing in climate policy: : seven reasons, complementary instruments, and political economy considerations

Carbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological resistance against it prospers. Here, we present the main arguments for carbon pricing,…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 08/05/2017

Carbon pricing in climate policy ::seven reasons, complementary instruments, and political economy considerations

Carbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological resistance against it prospers. Here, we present the main arguments for carbon pricing,…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 08/05/2017

The credit commons ::a commoning protocol of monsters

The Commons discussion proliferates on natural resources and material reproduction. When this discussion happens, it tends to distance itself from the “digital commons”, as the latter should be understood as something different: an area of instability, of undefined laws, or even of abuse. We would like to contribute to a law of the commons discussion with an approach that considers…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 08/05/2017

CoWaBoo ::a descriptive protocol of learning driven applications

Algorithms, data, services seem to create a net of semantic stability for users to consume information but come with concrete disadvantages regarding the way we understand, discuss and teach them. Social bookmarking applications are no exception to this, as they follow a similarly opaque way to organize and publish data. This article will examine the possibility to shift from…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 08/05/2017

Moving up the learning curve: preparing next generation educators for the next generation higher education classroom

The research presented in this paper reports on making change happen and the challenge of tuming educators into change agents. The project is being carried out at the University of Applied Sciences & Arts Wester Switzerland, where there are over 20'000 students. lt is an action research project related to the inclusion of technology in the higher education classroom to add…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 05/05/2017

Evolving paradigms: methods of delivery and teaching philosophies for a digital age

Education and the way it is delivered is undergoing profound change. The advent of digital technologies and their increasingly ubiquitous nature has not only educators, but students and administrators alike, on the shifting sands of paradigms in transition. In addition to this, there is a certain amount of conjecture about what is actually happening on the ground. This paper presents…

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 05/05/2017

The Univariate Collapsing Method for Portfolio Optimization

The univariate collapsing method (UCM) for portfolio optimization is based on obtaining the predictive mean and a risk measure such as variance or expected shortfall of the univariate pseudo-return series generated from a given set of portfolio weights and multivariate set of assets under interest and, via simulation or optimization, repeating this process until the desired portfolio…

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English / 05/05/2017

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