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This practice forum explores how the “quantified self movement” can contribute to developing leaders by offering new approaches to assessment and feedback. Often associated with wearable technologies (digital technologies worn on the body), self-tracking sensors and feedback systems help individuals assess how they interface with the world, automatically capturing and monitoring data for learning, growth, and change. The authors make the case that such tools can create ongoing opportunities for learning intrapersonal qualities relevant to leadership. In particular, they offer insights about using self-tracking to manage responses to stress and fatigue and for the delivery of verbal presentations. The exploration also notes concerns about the use of technological devices for development purposes. The authors conclude by offering a summary of six factors to consider before using self-tracking tools for leadership development, and by identifying four aspects of self-tracking approaches that would benefit from more I-O psychologist involvement.
This book studies diverse categories of venture capital (VC) firms in India based on their ownership type (domestic vs foreign), stage of investment (early vs growth stage) and VC investment team composition (entrepreneurial experience vs investing experience). For each category of VC firms, the nuances in their investment, portfolio involvement and exit strategies are separately analysed. Employing the framework of information asymmetry, the book studies how different categories of VC firms rely on distinct mechanisms such as deal syndication and domain specialization to address the ensuing adverse selection and agency risks. It also delves into the macro context by assessing whether the emergence of VC in India has been driven by 'pull' or 'push' factors. This is accomplished by analysing in depth the supply and demand of VC funds. Finally, it critically reviews the existing policies of entrepreneurial finance and arrives at recommendations for future directions of the same.
The book introduces corporate finance to first year students in business schools. Basic subjects such as marketing, human resources and finance are all fundamental to the learning of a business manager. A book on these subjects must emphasise learning that is conceptual in nature and at the same time, application oriented. This book attempts to achieve this in a manner that is comprehensive and shorn of complexity. It examines the practice of finance without diluting theory and conceptual knowledge. Corporate finance is necessarily quantitative in nature and the book duly places emphasis on that aspect. It ensures the primacy of ideas and concepts utilising numbers as supportive elements.
International environmental cooperation can impose significant costs on private firms. Yet, in recent years some companies have been supportive of international climate agreements. This suggests that under certain conditions environmental accords can be profitable. In this paper, I seek to explain this puzzle by focusing on the interaction between domestic regulation and decisions at international climate negotiations. I argue that global climate cooperation hurts the profits of polluting firms if domestic governments do not shield them from international compliance costs. Vice versa, if firms are subject to protective (i.e., insufficiently severe) policy instruments at home, firms can materially gain from international climate agreements that sustain expectations about their profitability. I test the argument with an event study of the effect of decisions at the UN Framework Convention on Climate Change (UNFCCC) on major European firms that received free carbon permits in the early stages of the European Union Emission Trading Scheme (EU ETS). The analysis suggests that financial markets carefully follow the international climate negotiations, and reward the regulated firms based on the outcome of UNFCCC decisions. The evidence also indicates the advantageous interplay between certain types of domestic regulations and international regimes for business. More generally, the results show the perils of privately supported policy for the effectiveness of international public good provision.
Transparency of trade regulations by all WTO Members is essential for open, fair and predictable trade relations. A myriad of different regulations apply in all WTO Members and have the potential for affecting international trade. The Agreements on the Application of Sanitary and Phytosanitary measures and on Technical Barriers to Trade provide the most comprehensive frameworks in the WTO to address the costs arising from such regulatory diversity, through obligations on regulatory transparency and co-operation. This book gives a detailed account of the legal disciplines of the two Agreements, an in-depth presentation of discussions between WTO Members, and an overview of the few cases that end up in formal dispute settlement. It shows that the strength of the WTO legal and institutional system goes well beyond its dispute settlement system, with transparency enabling implementation of WTO obligations through better information sharing and co-operation among Members themselves, through non-judicial means.
Can private standards bring about more sustainable production practices? This question is of interest to conscientious consumers, academics studying the effectiveness of private regulation, and corporate social responsibility practitioners alike. Grabs provides an answer by combining an impact evaluation of 1,900 farmers with rich qualitative evidence from the coffee sectors of Honduras, Colombia and Costa Rica. Identifying an institutional design dilemma that private sustainability standards encounter as they scale up, this book shows how this dilemma plays out in the coffee industry. It highlights how the erosion of price premiums and the adaptation to buyers' preferences have curtailed standards' effectiveness in promoting sustainable practices that create economic opportunity costs for farmers, such as agroforestry or agroecology. It also provides a voice for coffee producers and value chain members to explain why the current system is failing in its mission to provide environmental, social, and economic co-benefits, and what changes are necessary to do better.
This article examines how a firm’s prior record on corporate social responsibility (CSR) influences individual stakeholders’ perceptions of corporate hypocrisy in the wake of a corporate social irresponsibility (CSI) event. Our research extends extant corporate hypocrisy literature by highlighting the role of individual stakeholders’ inferences about a genuine CSR motive in their judgments of corporate hypocrisy. This can serve to differentiate perceived corporate hypocrisy from inconsistency that arises because of a lack of ability and/or resources. Our research further identifies a source for such perceptions: individual stakeholders’ perceptions of firm warmth generated by a firm’s prior record of CSR. In addition, we find that when CSR and CSI are in the same (vs. different) domains, it can strengthen perceptions of hypocrisy. This provides direct evidence to explain why markets react differently when CSR and CSI events occur in the same domain (vs. different ones).
We study firm level antecedents that drive different motives of internationalization of emerging economy firms. Based on firm's resource based considerations of asset exploitation versus asset augmentation and locational advantages of host countries, we provide a framework to classify the motives of internationalization of emerging economy firms belonging to knowledge intensive industries. Motives of internationalization have been classified into three broad categories – market-seeking, opportunity-seeking, and strategic asset-seeking. We determine motives behind different modes of internationalization – alliances, acquisitions, and greenfield ventures. Drawing upon the adaptability, amalgamation, and ambidexterity (AAA) advantages from the springboard perspective, we find that firm characteristics like R&D investments, availability of financial slack, firm's ownership structure, and family control shape up its motive of internationalization.
We examine how local political corruption affects firm innovation in the United States. We find that firms located in highly corrupt areas are less innovative as measured by their patenting activities. The results are robust to the inclusion of a broad set of regional characteristics, instrumental variable analysis, matching analysis, difference-in-differences test, and alternative proxies for local corruption. Further analysis shows that reduced innovation incentives due to high extortion risk and decreased threat of competition could be the possible economic channels through which corruption affects innovation. Overall, our results indicate that local political corruption impedes corporate innovation in the United States.
This chapter focuses on six key areas that are affecting recruitment and retention: (1) technology, (2) social media, (3) big data, (4) HR technology and information systems, (5) globalization, and (6) demographics. It begins with a brief review of changes in each of these areas and how they are affecting work. Then we consider how these same changes are affecting recruitment, recognizing that in the age of the Internet and social media, recruitment is, by definition, global. In a concluding section, we offer research-based suggestions regarding what managers can do to maximize the retention of talented employees that they want to keep.
This chapter provides a unique account of the content of discussions in SPS and TBT Committees. Based on an in-depth analysis of Committee meeting minutes over 5 years (2010–2014), it looks into the demand side of information, i.e. in the information sought by WTO Members raising a concern in the SPS and TBT Committees and their purpose in raising such concerns. It finds that Members active in the STC discussions are either after further information or clarification of a measure, they intend to influence draft regulations through inputs to other Members’ regulatory process, or they try to address a problem they face in the implementation of the measure. STCs therefore allow WTO Members to engage in technical dialogue about domestic regulations, against the backdrop of the SPS and TBT Agreements, without there being a legal stake in the discussion. In other words, transparency can be seen as shaping the behaviour of WTO Members without there being new agreements or enforcement.
Work is among the most important influences on safety, health and wellbeing, both as a threat to health and as a source of resources that support health. However, the nature and pace of changes to the modern workplace present significant challenges to researchers seeking to understand the health implications of these changes, as well as to government and organizational leaders seeking to craft appropriate policy solutions. This chapter has three goals: (1) to provide an overview of occupational health psychology and describe the NIOSH concept of work organization in terms of implications for occupational health, (2) to present the Job Demands–Resources model as a theoretical framework accounting for the effects of work organization on employee health, and (3) describe health implications of several key trends in the nature of work organization including the employment relationships, work schedules, technology, lean production, and safety and wellness interventions.