Université de St-Gall - Schools of Management

American Economic Association Annual Meeting, Philadelphia, USA.

Heterogeneous Employment Effects of Job Search Programmes: A Machine Learning Approach

Description: 

We systematically investigate the effect heterogeneity of job search programmes for unemployed workers. To investigate possibly heterogeneous employment effects, we combine non-experimental causal empirical models with Lasso-type estimators. The empirical analyses are based on rich administrative data from Swiss social security records. We find considerable heterogeneities only during the first six months after the start of training. Consistent with previous results of the literature, unemployed persons with fewer employment opportunities profit more from participating in these programmes. Furthermore, we also document heterogeneous employment effects by residence status. Finally, we show the potential of easy-to-implement programme participation rules for improving average employment effects of these active labour market programmes.

The Good, the not so Bad, and the Ugly of Competitive Human Resource Practices: A Multidisciplinary Conceptual Framework

Description: 

Human resource (HR) practices used to inject internal competition into
the workplace are the subject of heated debates in business practice; this is however not the case in the field of human resource management (HRM)research. In this article, we first augment previous research in the field to offer an initial conceptualization of competitive HR practices. We then develop a conceptual framework that explains the processes and conditions that drive and determine the impact of competitive HR practices on employees at work. Blending insights from social comparison theory and uncertainty research, we theorize a set of conditions that specify when competitive HR practices unfold their “dark” side, and when the “not so bad” or even “a good side” of competitive HR practices might emerge.

Wirtschaft ist Kultur, ZEIT Online, 22.8.2017.

Description: 

Spätestens seit der Finanzkrise wird überlegt: Wie lässt sich die Wirtschaftswissenschaft reformieren? Man sollte das Fach öffnen, statt Studierende nur abzurichten. Ein Gastbeitrag

Mega-Transfers im Profifußball: Gebt den Kleinen eine Chance!, Spiegel Online, 9.8.2017.

Description: 

Der 222-Millionen-Transfer des Brasilianers Neymar zeigt einmal mehr: Geld schießt Tore. Diese Entwicklung lässt sich nicht mehr rückgängig machen - aber vielleicht etwas fairer gestalten. Vier Vorschläge. Ein Gastbeitrag

Supply Chain Finance and Blockchain Technology: The Case of Reverse Securitisation

Description: 

One of the most important factors of successful supply chain finance (SCF) programmes is the improvement of software and technology solutions that allow businesses to come together in partnership and speed up cash flows throughout the supply chain. Blockchain technology (BCT) promises to change the way individuals and corporations exchange value and information over the internet, and it seems to thus be perfectly positioned to enable new levels of collaboration among supply chain actors. The first commercial application projects are already gaining traction, as technology giant IBM recently announced that it is teaming with one of the largest logistics service providers of the world—Maersk Line—to create a new solution to digitize the global, cross-border supply chain through BCT; China-based Dianrong and FnConn (a Foxconn subsidiary) have also announced the creation of a blockchain platform for SCF. These solutions aim to reduce complexity and make data sharing secure, accurate and efficient. Several startups are engaged in the area of blockchain-based letters of credit, bills of lading, factoring and reverse factoring to target the “trillion-dollar” SCF market. Quite known are the startups Skuchain (https://www.skuchain.com/), Gatechain (http://gatechain.com/), Wave (http://wavebl.com/) and Hijro (https://hijro.com/). In the traditional letter of credit and factoring or reverse factoring, processing the compliance check is often still done manually by comparing the different paper-based trade finance documents, which causes cognitive exhaustion and high labour costs. Contrarily, string-comparison in a digital document or cross-referencing entries (e.g., destination of the bill of lading is referenced in the letter of credit) based on smart contracts would reduce costs. This is where BCT comes into play.

This book aims to discover possible opportunities from the application of this fascinating new technology to SCF financing solutions, particularly in approved payables financing. In a first step, the principal barriers and pain points in delivering the financing solutions are identified. Then, a possible blockchain-driven supply chain model is defined. This framework will provide a basis for discussion on the relevant uses of the technology that could open up opportunities in the SCF space. The findings indicate that the blockchain and distributed ledgers technologies could deliver substantial benefits for all parties involved in a SCF transaction, promising to expedite the processes and lower the overall costs of financing programmes. Furthermore, this book contributes suggestions for future research on the topic of SCF and blockchain.

Submissionspflicht bei öffentlichen Unternehmen : Internationale, nationale und kantonale Regulierungen erschweren den Durchblick bei Submissionsverfahren

Description: 

Hohe Anforderungen an das Submissionsverfahren stellen öffentliche Unternehmen immer wieder vor grosse Herausforderungen. Fehler im Submissionsverfahren können mitunter zu erheblichen finanziellen Aufwänden respektive zu enormen zeitlichen Verzögerungen führen. Der Artikel trägt dazu bei, einen Überblick über das Submissionswesen zu gewinnen und daraus ableitend die richtige Wahl des jeweiligen Submissionsverfahrens zu unterstützen.

The role of organizational control systems in employees’ organizational trust and performance outcomes

Description: 

This study examined how organizational control is related to employees’ organizational trust. We specifically focus on how different forms of control (process, outcome, and normative) relate to employees’ trust in their employing organizations and examine whether such trust in turn relates positively to employee job performance (task performance and organizational citizenship behavior). In addition, and in response to the recommendations of past research, we examined these relationships in a high control and compliance-based cultural context. Using data from 105 employee-supervisor dyads from professional services firms in Singapore, we find support for our hypothesized model. The implications of the results for theory and practice, and directions for future research are discussed.

Securitization of Life Settlements: Challenges and Opportunities

Politische Risiken: Eine zunehmende Herausforderung an das Risikomanagement international tätiger Unternehmen

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