Publications des institutions partenaires

S'abonner aux flux infonet economy   481 - 500 of 1599

On the Predictability of Stock Prices: a Case for High and Low Prices

Contrary to the common wisdom that asset prices are barely possible to forecast, we show that that high and low prices of equity shares are largely predictable. We propose to model them using a simple implementation of a fractional vector autoregressive model with error correction (FVECM). This model captures two fundamental patterns of high and low prices: their cointegrating…

Full Text

English / 01/12/2013

Touch and Feel: Signals That Make a Difference

We use a multi-source, longitudinal case study of one of the world's first and best eco-fashion brands, Osklen, founded by Oskar Metsavaht in Brazil in 1989, to advance a multi-sensorial signalling theory account of sustainable luxury. Our induc- tive theory-building extends traditional signalling theory, especially its recent applica- tions to sustainability, by adding an…

English / 01/12/2013

Part-time work practicing resistance: The power of counter-arguments

Contributing to a Foucauldian perspective on ‘discursive resistance', this paper theorizes how part-time workers struggle to construct a valid position in the rhetorical interplay between norm-strengthening arguments and norm-contesting counterarguments. It is thereby suggested that both the reproductive and the subversive forces of resistance may very well coexist within the…

English / 01/12/2013

Alignment of manufacturing strategies to customer requirements using analytical hierarchy process

The purpose of this paper is to provide new insights in the field of operations management decision finding. It aims to combine manufacturing strategies with the service dominant logic in order to connect customer satisfaction. An analytic hierarchy process (AHP) is developed and applied within two case companies. A sensitivity analysis revealed that the manufacturing strategy…

Full Text

English / 01/12/2013

After School Care and Parents' Labor Supply

Does after-school care provision promote mothers' employment and balance the allocation of paid work among parents of schoolchildren? We address this question by exploiting variation in cantonal (state) regulations of after-school care provision in Switzerland. To establish exogeneity of cantonal regulations with respect to employment opportunities and preferences of the…

Full Text

English / 01/11/2013

Price dynamics in gas markets

Modeling natural gas futures prices is essential for valuation purposes as well as for hedging strategies in energy risk management. We present a general multi-factor affine diffusion model which incorporates the joint stylized features of both spot and futures prices. The model is brought into state space form on which Kalman filter techniques are applied to evaluate the maximum…

Full Text

English / 10/10/2013

Salespersons' Empathy: A Systematic Literature Review and Research Agenda

Salespersons' empathy has received recognition by scholars and sales representatives. Despite its importance, definitions and conceptualizations of salespersons' empathy are rather heterogeneous. Thus, we used the method of systematic literature review to analyze 42 empirical articles. A research agenda focusing on salespersons' empathy's measurement, antecedents…

Full Text

English / 06/10/2013

Strangely Familiar: The Uncanny and Unsiting Organizational Analysis

This paper focuses on the aesthetics of the uncanny to inquire into and perform affective sites of organizing that are imbued with feelings of uncertainty and uneasiness. We argue that the uncanny forms an ‘unconcept' that allows us to think and apprehend ‘white spaces' of organization not as new or other spaces but through a process of relating intensively with the…

English / 01/10/2013

Waiting for the Mountain to Move: The Role of Multinational Corporations in the Quest for Global Justice

The significance of multinationals in shaping globalization is largely undisputed. This paper argues that any agent of substantial change should, at the same time, be an agent of justice. However, while multinational companies have played instrumental roles in shaping the world in the past, they have done so with seemingly little genuine concern for the systematic advancement of…

Full Text

English / 01/10/2013

The Value Traps Facing Corporate Functions

Corporate functions are the headquarters functions in a divisionalised company. These functions, such as corporate Finance, HR, IT, Marketing, and Strategy, have been increasing in their numbers, size and influence. While they can add significant value as part of the ‘corporate parent', they also often subtract value, interfering in unhelpful ways and imposing bureaucracy and…

Full Text

English / 01/10/2013

A simple test for the ignorability of non-compliance in experiments

This papers proposes a simple method for testing whether non-compliance in experiments is ignorable, i.e., not jointly related to the treatment and the outcome. The approach consists of (i) regressing the outcome variable on a constant, the treatment, the assignment indicator, and the treatment/assignment interaction and (ii) testing whether the coefficients on the latter two…

Full Text

English / 01/09/2013

Testing exclusion restrictions and additive separability in sample selection models

Standard sample selection models with non-randomly censored outcomes assume (i) an exclusion restriction (i.e., a variable affecting selection, but not the outcome) and (ii) additive separability of the errors in the selection process. This paper proposes tests for the joint satisfaction of these assumptions by applying the approach of Huber and Mellace (2011) (for testing instrument…

Full Text

English / 01/09/2013

Variance Risk Premiums in Foreign Exchange Markets

Based on the theory of static replication of variance swaps we assess the sign and magnitude of variance risk premiums in foreign exchange markets. We find significantly negative risk premiums when realized variance is computed from intraday data with low frequency. As a likely consequence of microstructure effects however, the evidence is ambiguous when realized variance is based on…

Full Text

English / 01/09/2013

Doing Masculinity and Professionality: Exploring the Intersectionalities of Gender and Professionalization in Early Childhood Education

Increasing men's presence in early childhood education is closely connected to expectations of as well increasing professionalization of the occupation. However, there is also a huge contradictory discourse constructing them as potentially dangerous, somehow suspicious or ill-motivated. Men are not only positioned by but also have to position themselves according to these…

English / 30/08/2013

Shining Brighter Than The Stars? Corporate Evidence on Competing with Superstars

This paper investigates the effect of superstar CEOs on their competitors.
Exploiting shocks to CEO status due to awards provided by major media outlets,
we document a significant outperformance of competitors of superstar CEOs to a
control sample of competitors of observationally equivalent CEOs who do not win
an award. We observe an increase in risk-taking…

Full Text

English / 29/08/2013

Increasing Top Income Shares in Switzerland, Europe and the U.S

Presentation at the conference on "Power and Justice in the Contemporary World-Economy"

Full Text

English / 09/08/2013

Seiten

Le portail de l'information économique suisse

© 2016 Infonet Economy