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3D-Printing: How Additive Manufacturing impacts Supply Chain Business Processes and Management Components

Purpose
The business implications of additive manufacturing (AM) are explored; specific focus thereby lies on the impact of AM technology adoption in customized parts production.

Design/methodology/approach
Based on two explorative case studies from the hearing aid industry, the impact of AM technology adoption on supply chain business processes and management...

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English / 10/06/2016

When corporatism leads to corporate governance failure : the case of Swiss watch industry

Corporatism is often seen as the way Swiss stakeholders in business and politics handle industrial challenges in a reasonable and flexible way. The following publication argues, however, that the emergence of corporatist structures in the Swiss watch industry has often encouraged rent-seeking and collusion at the expense of the creation of new markets through innovation. This legacy...

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English / 09/06/2016

The necessity of an integrative approach for business service evaluation from a buyer’s perspective

Purpose
This research aims to observe different evaluation procedures for business services that are applied by buying companies; revealing the necessity of an integrative evaluation approach.

Design/methodology/approach
Based on a systematic analysis, explorative case study research – regarding five Swiss multinational companies – is used. In addition, the...

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English / 09/06/2016

Determinants of Liquidity (Re-)Allocation and the Decision to Cross-List or Cross-Delist

This paper examines the factors influencing the liquidity allocation between local and foreign dual listings. Based on a comprehensive data set covering the period between 2001 and 2011, empirical results suggest that the fraction of trading in the foreign listing decreases with a higher degree of stock market Integration measured as the stock price correlation with the world market...

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English / 06/06/2016

Indexfonds und Monopolbildung

Die von den grössten amerikanischen Indexfonds gesammelten Mittel sind enorm, ihr Einfluss dementsprechend. Es entsteht die Befürchtung, dass der Wettbewerb in manchen Sektoren darunter leidet.

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Deutsch / 04/06/2016

A fully parametric approach for solving quantile regressions with time-varying coefficients

This paper develops and applies a novel estimation procedure for quantile regressions with time-varying coefficients based on a fully parametric, multifactor specification. The algorithm recursively filters the multifactor dynamic coefficients with a Kalman filter and parameters are estimated by maximum likelihood. The likelihood function is built on the Skewed-Laplace assumption. In...

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English / 04/06/2016

Risky utilities

We develop a theory of "risky utilities", i.e., private firms that manage an infrastructure for public service and that may be tempted to engage in excessively risky activities, such as reducing maintenance expenditures (at the risk of provoking a breakdown of the system) or in speculation (at the risk of incurring massive losses it cannot bear). These risky utilities...

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English / 01/06/2016

Agricultural productivity and structural transformation : evidence from Brazil

We study the effects of the adoption of new agricultural technologies on structural transformation. To guide empirical work, we present a simple model where the effect of agricultural productivity on industrial development depends on the factor bias of technical change. We test the predictions of the model by studying the introduction of genetically engineered soybean seeds in Brazil...

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English / 01/06/2016

Doubt in the insula: risk processing in obsessive-compulsive disorder

Extensive cleaning or checking of patients with obsessive-compulsive disorder (OCD) are often interpreted as strategies to avoid harm and as an expression of the widespread belief that OCD patients are more risk-averse. However, despite its clinical significance, the neural basis of risk attitude in OCD is unknown. Here, we investigated neural activity during risk processing using...

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English / 01/06/2016

Niemand kann alles haben

Monika Bütler über den Zielkonflikt zwischen Beruf und Familie

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/ 01/06/2016

Wir müssen unsere Regeln der digitalen Welt anpassen

Ob Fahrer bei Uber oder Rednerin am WEF - die Grenze zwischen Angestellten und Unternehmern ist nicht mehr zeitgemäss

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/ 01/06/2016

Changing Risk Perception and the Time-Varying Price of Risk

This paper investigates the impact of changes in risk perception on bond markets triggered by the 2007-08 financial crisis. Using a methodology novel to empirical finance, we quantify the increase in credit spreads caused by changes in risk pricing and changes in risk factors. The lasting increase in credit spreads is almost exclusively due to time-varying prices of risk. We...

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English / 01/06/2016

Kontraktlogistik: Auslagerung von komplexen Logistikleistungen

Der Outsourcingtrend ist vor allem in der Logistik von grosser
Relevanz. Rund 53 % (21,9 Mrd. CHF) des Schweizer Logistikmarktvolumens
im Jahr 2014 sind auf ausgelagerte Logistikleistungen zurückzuführen. Die Kontraktlogistik hat dabei einen Anteil von knapp 38 % am wertmässigen Volumen der outgesourcten Logistikleistungen – Tendenz steigend.

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Deutsch / 01/06/2016

What makes student entrepreneurs? : On the relevance (and irrelevance) of the university and the regional context for student start-ups

Student start-ups are a significant part of overall university entrepreneurship. Yet, we know little about the determinants of this type of start-ups and, specifically, the relevance of context effects. Drawing on organizational and regional context literature, we develop and test a model that aims to explain student entrepreneurship in a contextual perspective. Based on unique micro...

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English / 01/06/2016

Learning what to see in a changing world

Visual perception is strongly shaped by expectations, but it is poorly understood how such perceptual expectations are learned in our dynamic sensory environment. Here, we applied a Bayesian framework to investigate whether perceptual expectations are continuously updated from different aspects of ongoing experience. In two experiments, human observers performed an associative...

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English / 31/05/2016

Do foreign demand shocks impact company sales in France?

An interaction can be observed between a company’s level of exports and its domestic sales. Estimates made using data on French companies show that a 10% increase (decrease) in exports is accompanied, in the same year, by a 1% to 3% increase (decrease) in domestic sales. This strong interaction between sales in different markets can result from short-term funding constraints that...

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/ 30/05/2016

Global population growth, technology and Malthusian constraints: a quantitative growth theoretic perspective

We structurally estimate a two-sector Schumpeterian growth model with endogenous population and finite land reserves to study the long-run evolution of global population, technological progress and the demand for food. The estimated model closely replicates trajectories for world population, GDP, sectoral productivity growth and crop land area from 1960 to 2010. Projections from 2010...

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/ 27/05/2016

Saving by default: evidence from a field experiment in Rural India

Worldwide, people are gaining access to a formal bank account, which allows account-based instead of cash payments. Based on a novel randomized control trial, we document that the payment method is an important determinant of savings behavior. In rural India, we study the effect on savings of allocating identical weekly payments on a bank account (treated) or in cash (control). The...

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/ 27/05/2016

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