Post-succession firm performance is 39% higher when a subsequent-born sibling is at the helm, Bocconi's Mario Amore and Alessandro Minichilli discover.
Harvesting Value from Brokerage
In network theory, individuals positioned in-between unconnected other individuals are defined brokers and are usually supposed to take advantage from this position through an "arbitraging orientation", that actively exploits the opportunities given by informational asymmetries. A study conducted by Giuseppe Soda and Marco Tortoriello finds, on the contrary, that most people in an organization prefer a "collaborating orientatrion", that links disconnected others in a manner that favors information-sharing. Individual with a "arbitraging orientation", though, perform better than the rest.
Happy Fathers, Fatigued Mothers
Balbo concludes in a paper with Bruno Arpino. And the effect on fathers is stronger than that on mothers. A second child, furthermore, raises fathers’ life satisfactions but not mothers’. In both cases, a decisive role is played by family orientations (i.e. gender role attitudes and preferences towards work and family), as individuals of the same gender with different family orientations are likely to experience different effects.
A new study by Fernando Vega-Redondo with Georg Duernecker shows that some degree of local cohesion is necessary in order to go global because new, effective links must be supported by pre existing relationships rooted in trust
Video/The reality of coalition governments
With a coalition the most likely outcome of this Sunday’s elections in Italy, what are the prospects for such a government? Coalition governments tend in fact to have a bad press but Lanny Martin, of the Department of Policy Analysis and Public Management, explains in this video that they can be less problematic than they are made out to be. In terms of stability, for instance, up to 1994 coalition governments in Italy did indeed only last on average 40% of their maximum term, below the European average of 60%, but since then have lasted nearer 60% of their term. To note that on average single party governments in the UK tend to reach 75% of their terms. Another positive aspect of coalitions, as Martin explains, is that they force parties to compromise.
How the EU Is Exporting Its Policies via Bilateral Trade Agreements
After the failure of the Doha Round, facing increasing difficulties in enforcing the World Trade Organization’s discipline on subsidies, the EU has effectively used bilateral trade agreements as a tool to export trade and trade-related policies, including competition policy and control of public aid. An in-depth analysis of more than 50 preferential trade agreements by Bocconi University scholars Leonardo Borlini and Claudio Dordi shows how the European Union succeeded in regulating state intervention using bilateral agreements.
Now You See, Now You Dont. Communication Strategies in Corporate Reports
Textual analysis reveals multiple strategies to embellish corporate reports. Even responsible companies that use Integrated Reporting (IR) try to avert attention from their weaknesses, a study by Caglio, Melloni and Perego finds. But don't throw away the baby with the bathwater: IR is a good idea
The Sharing Economy of Innovation
If you identified an innovation that allows you to use 38% less energy and save 24% of costs, would you share it with other companies? Until a few years ago, the unanimous response of the business world would have been no, but then... Facebook did it, triggering an innovation cycle that arouses interest all over the world. The Facebook Open Compute Project is the starting point used by Alfonso Gambardella (Bocconi University) to reflect on one of the features of tomorrow’s innovation: sharing.
The Reasons of the Nobel Prize to Richard Thaler
“The use of psychological insights in behavioral economics stands in stark contrast to the traditional economic approach whereby humans are emotionless optimizing calculators”, says Nicola Gennaioli, Full Professor of Behavioral Finance at Bocconi in this videocomment. “Besides helping to better understand the world, Thaler’s results have had a profound impact on economic policy. His research helps individuals make better economic decisions and design better economic policies”.
How We Choose a High School
Research by Bocconi scholars Pamela Giustinelli and Nicola Pavoni may help policy makers to reduce income inequality and skill mismatch in the labor market by identifying potential cognitive mistakes made by middle schoolers in the process of information acquisition that will lead them to choose their high school track
When Women Boost Innovation
Nicolai Foss observes that gender diversity in the top management team is positive for the firm's entrepreneurial outcomes, but with conditions: a certain threshold must be reached and the positive effect is weaker when female employees are numerous
Shady Characters in the Office
By analyzing the illicit role of the enforcer in National Hockey League teams, Celia Moore (Bocconi University) and Colleen Stuart (Carey Business School) find that including shady characters in a team is a bad strategy for companies’ sustainable competitive advantage and a source of vulnerability for resilient performance.
Hands Tell Us What to Buy
We are more likely to buy things similar in shape to whatever we have in our hands while shopping, Zachary Estes (Bocconi's Department of Marketing) concludes in a series of studies with Mathias Streicher (University of Innsbruck).
Read the related piece: http://www.knowledge.unibocconi.eu/notizia.php?idArt=18129
According to the Economist management theory is dead. For research it is not
An article in today’s Economist sentences the death of management theory explaining that the most widespread theories organized around four main ideas regarding hyper-competition, globalization, entrepreneurialism and the speed of business, are today outdated or not adherent to reality. Alfonso Gambardella, Director of the Department of Management at Bocconi University, underlines how the Economist’s opinion is limited to the most fashionable theories and the thinking of gurus, whilst, looking closely at the scientific journals of the sector, one can see how research is strong, rigorous and supported by significant data. Rather, explains the professor, research remains still too limited to the academic realm and should instead look more closely at questions of more direct interest to managers.
More Research on Gender Equality is Required
The latest data from the World Economic Forum illustrates how gender gaps are still widespread worldwide. And some countries perform particularly badly, like Italy which ranks 117 out of 144 for female opportunities and participation in the labour market, explains in this video Paola Profeta of the Department of Policy Analysis & Public Management. But whilst it is clear that gender equality is not just a right but also crucial for economic growth and development, research has not yet reached conclusive results on the real impact of women to the performance of institutions and companies and more research on the topic must be encouraged, concludes Profeta. Such questions will be addressed during the conference ‘Gender Equality’ in Bocconi on Thursday 9, from 10.30 am, in classroom N05, organized by the Department of Policy Analysis & Public Management and the Carlo F. Dondena Centre for Research on Social Dynamics & Public Policy in collaboration with UniCredit & Universities
#ObamaLegacy A double Obama
In the fight against international terrorism, the measures taken by Obama were much harsher than those, already criticized, taken by Bush. Even Guantanamo, the US black spot, is still there, despite the President had promised its closure since the first election campaign. There are therefore, according to Arianna Vedaschi of the Department of Legal Studies of Bocconi, two Obamas - the one who always says the right and idealistic thing, and the cynical one, who does "what you need to do"
Bocconi's School of Law Joins the American Society of Comparative Law
The association, founded in 1951, publishes the prestigious American Journal of Comparative Law
Saving the Oceans from the Land: The Role of Businesses
Two thirds of Mediterranean businesses are unaware of their impact on marine sustainability or are inactive in mitigation. But there is hope, thanks to the 34% of companies defined as sustainability leaders, according to a Report for the One Ocean Foundation by researchers from SDA Bocconi, McKinsey, and CSIC
The Department of Legal Studies Goes to Washington
Bocconi's Department will be the only nonAmerican school to participate in the Faculty Recruitment Conference organized by the Association of American Law Schools
Bank Transparency and Deposit Flows
Itay Goldstein, Wharton University of Pennsylvania
Meeting Room 2.e4.sr03 - Via Roentgen, 1
Bayesian Auctions with Efficient Queries
Economic Theory, Decision Theory and Experimental Economics
Jing Chen (Stony Brook University) Paper
Seminar Room 3.e4.sr03 - Via Roentgen 1
Immigration and Spatial Equilibrium: the Role of Expenditures in the Country of Origin
Development Labor Political Economy - DLPE
Joan Monras (Universitat Pompeu Fabra) Paper
Seminar Room 5.e4.sr04 - Via Roentgen 1