INSEAD

Displaying 1-40 of 290 results

  • White Papers // Mar 2011

    Endogenous Overconfidence In Managerial Forecasts

    The authors examine whether attribution bias that leads managers who have experienced short-terni forecasting success to become overconfident in their ability to forecast future earnings. Iniportantly. this fonn of overconfidence is endogenous and dynamic. They also exaniine the effect of this cognitive bias on the managerial credibility. Consistent with the...

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  • White Papers // Mar 2011

    Bank Corporate Governance, Beyond The Global Banking Crisis

    Following up on the publication of the Walker Report (2009) in the United Kingdom, international organizations such as the Basel Committee (2010), the OECD (2010), and the European Union (2010) have proposed guidelines to improve bank corporate governance and, more specifically, risk governance. These international reports vary widely on what...

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  • White Papers // Mar 2011

    Estimating Perceptions Of Discrimination: Experimental Economics In Schools

    The authors put forward a new experimental economics design with monetary incentives to estimate people's perceptions of discrimination in a variety of contexts. They apply the design to estimate students' perceptions of teachers: Students were given an endowment to bet on their own performance on a written verbal test, either...

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  • White Papers // Mar 2011

    Always Cola, Rarely Essential Medicines: Comparing Medicine And Consumer Product Supply Chains In The Developing World (Revision 1)

    The World Health Organization estimates that almost a third of the world's population still lacks access to essential medicines. The distribution network for medicines is ineffective and inefficient in many developing countries. Discussions often centre on why the medicines supply chain cannot replicate the supply chain for consumer products and...

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  • White Papers // Mar 2011

    Blockbusting: Brokers And The Dynamics Of Segregation

    This paper shows that information plays a key role iii the coordination of white households' forward-looking expectations to leave an area in response to the entry of minority households. First, from the 1940s to the 1970s, real estate brokers earned substantial commission fees during white flight to the suburbs. Real...

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  • White Papers // Feb 2011

    Identity Workspaces For Leadership Development

    Profound changes in individuals' relationship with their employers and expectations for their work lives have generated an increasing demand for leadership development, while at the same time exposing the limitations of traditional leadership programs focused on the acquisition of conceptual knowledge and requisite skills. This paper explores how conceptualizing leadership...

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  • White Papers // Feb 2011

    Partnering With Competitors - Effects Of Alliances On Airline Entry And Capacity Decisions

    The formation of an airline alliance is one of the most important and difficult decisions that has to be made by airline management. In particular, domestic airline alliances have always caused controversy due to the possibility of attenuating the competition, which has been a key concern of policy makers. Before...

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  • White Papers // Feb 2011

    Do Maximizers Predict Better Than Satisficers?

    The authors examined the relationship between maximizing (i.e. seeking the best) versus satisficing (i.e. seeking the good enough) tendencies and forecasting ability in a real-world prediction task: forecasting the outcomes of the 2010 FIFA World Cup. In Studies 1 and 2, participants gave probabilistic forecasts for the outcomes of the...

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  • White Papers // Feb 2011

    Emotional Intelligence And Leadership Effectiveness: The Mediating Influence Of Collaborative Behaviors

    Leadership effectiveness can be divided into two broad categories that include getting along behaviors (teamwork and empowerment of others) and/or getting ahead behaviors (visioning. energizing. designing and rewarding). This paper examines the effects of emotional intelligence on getting along and getting ahead leadership behaviors at work. Results from an analysis...

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  • White Papers // Jan 2011

    Understanding The Role Of Language In Management Forecast Press Releases

    Using a sample of 2,254 voluntarily-provided "Unbundled" management earnings forecast press releases; the authors investigate the role of linguistic sentiment and linguistic certainty in pricing. They provide evidence that sentiment in the forecast setting is directionally consistent with the simultaneously issued hard earnings forecast and plays a significantly greater role...

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  • White Papers // Jan 2011

    Leadership And Judgment: Why Leaders Know More Than They Think

    The author woke up early one morning in the summer of 2010. This was noteworthy; left to myself, the author would have woken up a few hours later, his head would have been happier and his stomach would not have rejected the coffee inflicted on it. After the involuntary spasms...

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  • White Papers // Jan 2011

    The Impact Of New Product Introduction On Plant Productivity In The North American Automotive Industry

    Using 7 years of plant-level data for the North-American automotive industry, the authors empirically study productivity losses during new product launches. Using propensity scoring, they estimate an average productivity drop of 20% during the year of a new product launch, and they find that the manufacturers do not seem to...

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  • White Papers // Jan 2011

    Content Contributor Management And Network Effects In A UGC Environment

    The success of any User-Generated Content (UGC) website depends crucially on its asset of content contributors. How firms should invest in the acquisition and retention of content contributors represents a novel question that is particularly important for these websites. The authors develop a Vector Autoregressive (VAR) model to measure the...

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  • White Papers // Jan 2011

    The Languages Of Strategic Agility: Trapped In Your Jargon Or Lost In Translation?

    At the heart of strategy lie streams, or sequences, of decisions and resource commitments. Such decisions include major strategic moves like internationalization and new market entries or diversification and acquisitions. In most companies, strategic decisions are extensively discussed and debated. They are usually framed, formulated, articulated and deliberated in an...

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  • White Papers // Jan 2011

    When Does The Past Repeat Itself? The Interplay Of Behavior-Prediction Personal And Norms

    In this paper, the authors find that behavior prediction strengthens behavior repetition, making people more likely to do what they normally do, when personal norms regarding engaging in a behavior are weak or not easily accessible. However, when personal norms are strong or made accessible at the time of the...

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  • White Papers // Jan 2011

    Better Selection Or Efficient Contracting?

    By comparing two services outsourcing processes competitive bidding and negotiation the contingencies under which one outsourcing process dominates another. The authors study the selection and contracting process in which one client without sufficient in-house capabilities seeks to outsource the service needs to one service vendor selected from two ex-ante identical...

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  • White Papers // Jan 2011

    Punishing High-status Deviants: The Role Of Transgression Severity And Betrayal

    Evaluations of workplace deviant behavior are often biased by the personal characteristics of both deviants and sanctioners. In this paper, the authors focus on the characteristics of deviants and investigate the conditions under which sanctioners are more lenient towards deviants of high social status than low-status wrongdoers. They experimentally test...

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  • White Papers // Jan 2011

    Advance Selling When Consumers Regret

    The authors characterize the effect of anticipated regret on consumer decisions, firm profits and policies, in an advance selling context where buyers have uncertain valuations. Advance purchases trigger action regret if valuations turn out to be lower than the price paid, whereas delaying purchase may cause inaction regret from missing...

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  • White Papers // Jan 2011

    Dynamic Purchase Decisions Under Regret: Price And Availability

    The authors model a dynamic purchase context in which a consumer is uncertain about the product's valuation. The consumer has two purchase opportunities for the product: forward purchase in period 1 or spot purchase in period 2. Two forms of regret are considered: buyer's regret over the money paid in...

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  • Webcasts // Jan 2011

    Shedding Light: INSEAD Initiatives Seek To Foster Growth, Development In Africa

    Listen to INSEAD faculty, alumni and associates talk, and you realize that Africa is no longer just a story of disease, poverty, misery and humanitarian aid. Or of China's hunger for raw materials and energy, while the Japanese and Koreans buy land in Africa to grow their own food. Today,...

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  • Webcasts // Jan 2011

    The Middle Kingdom: Civilization State Or Nation State?

    China is a conundrum: past, present and possibly the future. Even as it is on course to overshadow the US as the next dominant economic superpower, author Martin Jacques argues that it will never become a Western-style society, but will likely remain highly distinctive.

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  • Webcasts // Jan 2011

    Understanding Markets Key To Globalization

    Even as some multinationals are still mulling over their China strategy, others like Siemens had been laying the groundwork in China a long time ago. Today, Siemens is still on track with its China strategy, due in no small part to its early entry. The time invested has also helped...

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  • Webcasts // Jan 2011

    Bridging The Chinese Talent Gap

    Despite making huge economic strides in the last three decades, China is still wanting in the area of human capital. Not enough local talent is being adequately groomed to keep up with the country's growth engine. This is a direct result of Chinese companies not devoting enough time to look...

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  • Webcasts // Jan 2011

    The Momentum Effect: Mobilizing Brainpower For Efficient Growth

    CEOs dream of delivering efficient and sustainable growth - growth that would put serious distance between them and their competitors. Unfortunately, the way most large corporations generate growth is so expensive and inefficient that for most firms, meaningful, market-beating growth has remained just that - a dream.

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  • Webcasts // Jan 2011

    The Transcultural Leader: Carlos Ghosn, CEO Of Renault, Nissan

    The CEO of Renault and Nissan, and the 2008 recipient of the INSEAD Transcultural Leadership Award, Ghosn told INSEAD Knowledge that the fact he had the experience of being raised in different countries - not by choice, but by coincidence because of his family circumstances - had helped him in...

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  • Webcasts // Jan 2011

    Cross-Cultural Negotiations: Avoiding The Pitfalls

    When entering into negotiations, we should always take into account cultural factors such as the educational or religious background of the person sitting across the table, but, says INSEAD professor Horacio Falcao, many people both underestimate and overestimate the cross-cultural aspects.

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  • Webcasts // Jan 2011

    Error Management: A Pre-Emptive Move That Can Reap Long-Term Gains

    Dave Hofmann, Associate Dean and Professor of Organizational Behavior at the University of North Carolina, thinks that error management is underrated, and says that has the effect of hurting the organization where it matters.

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  • Webcasts // Jan 2011

    Facilitating Upward Communication: Leaders Must Do More To Break Existing Strongholds

    Oftentimes, what separates good leaders from bad ones lies is their art of communication. Much has been said about preferred leadership styles which advocate openness, tolerance and active engagement with subordinates.

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  • Webcasts // Jan 2011

    The China Syndrome: Understanding The Chinese Economy

    China's economy is booming and many multinational companies are looking to tap the Asian giant's potential. However, according to Peter Bowie, CEO of Deloitte China, foreigners wanting to does business with the Chinese appears to be ill prepared because their pre-conceived notions about China are simply outdated.

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  • Webcasts // Jan 2011

    The Value Creation Imperative

    It's been just over 400 years since a Dutch company became the first organization to sell shares and became publicly traded. By 2007, more than one billion people owned a stake in the world's companies worth more than $75 trillion. Kevin Kaiser, INSEAD Affiliate Professor of Finance, says that's a...

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  • Webcasts // Jan 2011

    The Winds Of Change: How Denmark Is Leading The Green Movement

    With the climate change issue becoming ever more a major cause for concern, a new green movement is fast taking shape in the European Union, with Denmark leading the way. And rightly so, because of all the countries in the EU, Denmark is ahead in their use of renewable energy.

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  • Webcasts // Jan 2011

    Diversity Is Not Diversity Is Not Diversity

    Measuring diversity in terms of broad demographic categories such as gender, race or age fails to take into account the underlying dynamics that can play a more decisive role within groups of people - diversity in attitudes, skills, knowledge and power, for example. "It's hard to just say 'oh, there's...

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  • Webcasts // Jan 2011

    The Changing Face Of The CIO

    As CEOs increasingly turn to technology to help them cope with a rapidly changing business environment, chief information officers (CIOs) are no longer simply 'the IT guys'. Increasingly, they are expected to play a more strategic role.

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  • Webcasts // Jan 2011

    Soft Information Or 'Cheap Talk' In Company Announcements: Filling The 'Void'

    Elizabeth Demers, Assistant Professor of Accounting and Control at INSEAD, has concluded a linguistic analysis of more than 20,000 corporate earnings announcements. Her research shows that both optimistic and very certain, unambiguous language can help a company's share price in the 60 days following the announcement.

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  • Webcasts // Jan 2011

    Hard Times For A Talent Hub

    Like many countries around the world, Singapore's economy has been hit by the global downturn. It will be a stern test for the city-state's government as the recession bites and more Singaporeans lose their jobs, especially as the authorities have been encouraging foreign 'talent' to come to live in the...

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  • Webcasts // Jan 2011

    Maximizing Shareholder Value: An Ethical Responsibility?

    Finance professors often get criticized by ethics professors because they tell their students that the goal of the firm is to maximize shareholder value. Financial scandals such as Enron, Tyco and others are regularly blamed on the excessive focus on shareholder value maximization.

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  • Webcasts // Jan 2011

    Winning With Value

    Too many companies focus on just the cost of software systems, rather than look at the business value they generate. That may not be surprising given the complexities of trying to assess the value of software assets, but according to a new study by INSEAD professor Soumitra Dutta, companies who...

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  • Webcasts // Jan 2011

    Meeting The Sustainability Challenge: HCL Technologies

    Corporate India is just as committed as Europe and the United States to sustainability, asserts Vineet Nayar, CEO of HCL Technologies Ltd. "Indian businessmen are global businessmen - they are not isolated in India," he says. "And the entire economy is global so you just can't say the economy is...

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  • Webcasts // Jan 2011

    CEO View: Wolfgang Prock-Schauer Of India's Jet Airways

    As the aviation industry faces its biggest crisis in recent history because of high fuel prices and the economic slowdown, airlines are forced to do business differently as they seek to trim operating costs ruthlessly to brace themselves for tough times ahead.

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  • Webcasts // Jan 2011

    Sustainability: A Business Opportunity

    By the year 2040, only 15 per cent of the world's population will be living in what are now called developed countries. It's therefore essential for today's business planners to start focusing on the rest of the planet. Fortunately a strategy centered on emerging markets can be both financially profitable...

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  • White Papers // Sep 2009

    The Complementary Roles Of Traditional And Social Media In Driving Marketing Performance

    The media landscape has dramatically changed over the past decade, with traditional media (e.g., newspapers. television) now supplemented by social media (e.g., blogs. discussion forums). This new media landscape is not well understood with respect to the joint impacts of traditional and social media on marketing performance (e.g. sales), how...

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  • White Papers // Jan 2010

    The Equalizer': Measuring And Explaining The Impact Of Online Communities On Consumer Markets

    The objective is to examine how online communities affect the functioning of markets for durable goods with particular emphasis on markets that are both fragmented and diverse. The thesis is that online communities have the potential to make relatively inefficient fragmented markets more efficient. This effect will manifest itself through...

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  • White Papers // Jan 2010

    Create The Right Sort Of Buzz About Your Products

    How important is word of mouth, more popularly known as buzz, for the success of the new products? Some companies rely on product placement in movies or the endorsement of a sports star or pop singer to help create a buzz about their particular brand. But according to INSEAD Professor...

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  • White Papers // Jan 2010

    Marketing: How Behaviour Prediction Can Help To Reinforce Good Habits But Break Bad Ones

    Human beings are creatures of habit. Many of the actions are repetitive and require little conscious thought or effort. However, according to a new study, by predicting the behavior one can actually reinforce good habits and break bad ones. Consequently, the researchers found that when behaviour is normative, the mere...

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  • White Papers // Jan 2010

    Innovation: Using Externally-Oriented Or ?X? Teams Can Prove A Winning Strategy

    Good teams can often fail when it comes to innovation. The reason such teams fail is not because of a lack of talent or they can't work together, but because they don't take into account external stakeholders and conditions. "Good teams often fail because they don't work consistently and effectively...

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  • White Papers // Jan 2010

    Marketing In A Downturn: Time To Push The Panic Button?

    In a crisis, consumers generally start to rein in their spending and save more - just in case. But how should companies then market their goods and services in a downturn? In a new working paper by INSEAD professors 'Paddy' V. Padmanabhan and Pushan Dutt called 'When to push the...

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  • White Papers // Sep 2009

    On The Scholes Liquidation Problem

    How should an investor unwind a portfolio in the face of recurring and uncertain liquidity needs? The authors propose a model of portfolio liquidation in two periods to investigate this question, initially posed by Myron Scholes following the fall of Long Term Capital Management. The author shows that when the...

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  • White Papers // Nov 2009

    How Top-Down And Bottom-Up Strategy Processes Are Combined In Manufacturing Organizations

    The authors study strategy processes at six German manufacturing organizations in mature businesses. The authors use an organizational search perspective to interpret simultaneous top-down and bottom-up strategy making. While the final decision on important strategic initiatives remains at the top, strategic initiatives are distributed across many actors, at varying hierarchical...

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  • White Papers // Nov 2009

    Lost Roots : How Project Management Settled On The Phased Approach (And Compromised Its Ability To Lead Change In Modern Enterprises)

    The discipline of project management adheres to the dominant model of the project life cycle, or the phased stage-gate approach, of executing projects. This implies a clear definition of mission and system at the outset (to reduce uncertainty), and subsequent execution in phases with decision gates. This approach contrasts with...

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  • White Papers // Jul 2010

    A Passion For Education

    If one build it, they will come - so the mantra goes - and that's exactly what Ng Gim Choo did with the EtonHouse group of schools. And serendipity, as it turned out, would play a key role. After a stint in London where her husband relocated for work, Ng...

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  • White Papers // Jun 2010

    How LG Electronics Reinvented Itself In The US

    It took three attempts in four years for Korean electronics giant LG Electronics (LGE) to launch its brand in the US market in 2002. Five years later, it became the top seller of refrigerators and washing machines, and has since been successfully maintaining its lead in the two home appliance...

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  • White Papers // Jun 2010

    Sustainable Practices: Engaging Consumers And Suppliers

    Coca-Cola Enterprises (CCE) is one firm that knows very well that its environmental and economic impact extends well beyond its factory gates. This starts with the ingredients it needs for its products to the natural resources required to make the packaging, "extending all the way to the people who buy...

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  • White Papers // Jun 2010

    Global Airline Traffic Back To Pre-Recession Levels But Risks Remain

    IATA expects airlines to post global profits of $2.5 billion in 2010, a major improvement compared with IATA's previous forecast released in March of a $2.8 billion loss. Bisignani attributes this to the global economy recovering from the financial crisis much faster than anticipated. However, he adds that a major...

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  • White Papers // Jun 2010

    ?Intoxicated? Institutional Investors: How The Financial Crisis Infected The Real Economy

    One of the least understood aspects of the financial crisis is how it spread from the financial sector to the general economy, where it nearly caused a global financial meltdown. "one could look at the onset of the crisis as a shock to the liquidity of one market sector -...

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  • White Papers // Jun 2010

    Doing It The Chinese Way: Disney's Strategy For A Lucrative Ride In China

    As trite as the phrase 'think global, act local' may be, it nevertheless encapsulates The Walt Disney Company's approach to making a success of its business in China. To that end, producing content that has a cultural and emotional resonance with Chinese consumers is crucial, says Stanley Cheung, Disney's managing...

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  • White Papers // Jun 2010

    Building By Design: How China Develops The Developing World

    Chinese contractors and design firms have become major players internationally. In construction, one of the world's most important industries at over 10 per cent of global GDP, China accounts for one-sixth of all activity. Most of China's contracted projects have been where improvement is needed most: in the developing world,...

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  • White Papers // Jun 2010

    Transition To The Future: Mining And Mineral Processing In China

    China's mining and mineral processing sector has for years been one of the most significant markets for the world's technology leaders. Increasingly, however, the tables are turning. Innovations within China compel more exports of its mining and processing technology globally. In the process, China is regaining its lost position as...

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  • White Papers // Jun 2010

    Upstart: China's Emergence In Technology And Innovation

    It can easily appear as if China can make anything. Yet it makes goods not only at low cost, but now also of high quality, and this constitutes a particularly Chinese brand of innovation that enables China increasingly to shake up global markets. The success of the likes of Huawei...

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  • White Papers // Jun 2010

    China's quiet confidence

    China's premier, Wen Jiabao, has said that 2010 will be a very difficult year for the country's economy, yet in Q1 its performance was remarkable. China's gross domestic product (GDP) grew by 11.9 per cent in Q1 2010, outstripping the 8.7 per cent annual GDP growth achieved in 2009 and...

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  • White Papers // Jun 2010

    China's Media Come Of Age Amid State Controls

    China's media are no longer an instrument of the state, says Hu Shuli, a Chinese journalist."I don't think the media in China now are still an instrument of the state. I think the media today are very diversified," says Hu, a speaker at the Reporting New Realities media conference held...

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  • White Papers // May 2010

    Businesses Increasingly Face Water Risks

    The world will face a 40 per cent shortfall in water supplies by 2030. The good news is that if one are smart, one can meet the challenge successfully. But this can only happen through co-operation between industry, governments, non-governmental organisations (NGOs) and communities, SABMiller's head of sustainable development, Andy...

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  • White Papers // May 2010

    Just A Pretty Face(Book)? Social Media Tries To Come Of Age

    Emails are old hat; SMSs passes. Tweeting, blogging, and posting on "walls" are no longer the domain of the under-30s. They have become a staple of the way most people in the world communicate today, of the way Fortune 100 companies reach out to customers old and new. Social media...

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  • White Papers // Dec 2009

    Leadership Today: Less Charisma, More Consensus

    When people think of words to describe good leadership, 'charisma' usually comes somewhere near the top of the list. After all, all the good ideas in the world won't get anywhere if speaker aren't compelling enough to get people to listen to leader. But not all successful CEOs are charismatic...

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  • White Papers // Jan 2010

    Taking Leadership Research Global

    The objective of the paper was to promote rigorous and relevant research on leadership-broadly defined as influencing people to contribute willingly to the good of the collective, as well as coordinating and guiding the collective to achieve its goals- and to develop a sense of community among leading scholars coming...

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  • White Papers // Jan 2010

    Putting Leaders On The Couch

    When Professor Manfred Kets de Vries coaches leadership teams, he effectively puts them on the couch - treating them not so much as rational actors but as emotional ones. A clinical professor of leadership development, Kets de Vries says "the autocratic leadership style doesn't work so well any more in...

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  • White Papers // Jan 2010

    The Global Business Leader

    Leadership has nothing to do with titles. J. Frank Brown, the Dean of INSEAD, has met a lot of CEOs in his two-and-a-half decades in business and many of them are little more than LINOs - Leaders In Name Only. "A lot of people talk about leadership and not that...

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  • White Papers // Sep 2009

    Tackling The Financial Crisis By Changing Tack

    China, one of Asia's economic powerhouses, is not immune to the global financial crisis despite enjoying double-digit growth in the last five years and being poised to achieve nine per cent growth this year. Share prices in Shanghai have fallen 72 per cent and house prices have come down 55...

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  • White Papers // Mar 2010

    Disruptive News Technologies: Stakeholder Media And The Future Of Watchdog Journalism Business Models

    The decline of the news industry is rooted in a vicious circle of financial leveraging leading to capacity cuts, and then to declines in quality of content, credibility, audiences and revenue streams. Simultaneously, a competing sector of media, which the authors call stakeholder media (because they are driven by communities...

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  • White Papers // Mar 2010

    Risk Management For Energy Efficiency Projects In Developing Countries

    The present paper addresses risk management fundamentals for energy efficiency (EE) projects in developing countries. Four problems are often identified as the culprits for failing to harvest such projects: 1) lack of a rational and feasible approach to finance these projects; 2) lack of a rational internal management approach in...

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  • White Papers // Mar 2010

    Seasons Of A Leader~s Development: Beyond A One-Size Fits All Approach To Designing Interventions

    In this paper, the authors propose a typology of leadership development methods. The authors argue that different methods are suited to the learning needs of different leaders, which the authors segment by organizational level, life-cycle and role-cycle. The author advance propositions about which learning methods are best suited to the...

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  • White Papers // Jan 2010

    The Impact Of CEO Career Concerns On Accruals Based And Real Earnings Management

    This paper theoretically and empirically investigates the role of CEO career concerns on accruals based and real activities earnings management. The authors develop a model of earnings management, rooted in career concerns, that alternatively incorporates the features of the accrual accounting performance measurement system and the negative value-destroying effects of...

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  • White Papers // Sep 2009

    Do Newly Public Acquirers Benefit Or Suffer From Their Pre-IPO Affiliations With Underwriters And VCs?

    The authors examine whether pre-IPO affiliations affect post-IPO corporate events, namely acquisitions. On the one hand, newly public acquirers may benefit from their pre-IPO affiliations through residual signaling value or/and resource-related benefits. On the other hand, newly-public acquirers may suffer from those affiliations when conflicts of interests arise during the...

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  • White Papers // Jan 2010

    Patent Citations And The Geography Of Knowledge Spillovers: Disentangling The Role Of State Borders, Metropolitan Boundaries And Distance

    The authors employ a regression framework based on choice-based sampling to estimate the probability of knowledge flow, measured using patent citations. This serves to extend research on the geography of knowledge spillovers, which has hitherto analyzed metropolitan, state or national effects only separately, through a simultaneous consideration of these geographic...

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  • White Papers // Jan 2010

    Interdependency Of Science And Risk Finance In Catastrophe Insurance And Climate Change

    This paper describes the interdependencies of science and risk finance for catastrophe insurance. While the basic arguments here apply to all catastrophe risks, including seismic and terrorism risks, I will focus on risks associated with climate change. This traditional logic of actuarial science is the starting point for the present...

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  • White Papers // Jan 2010

    Corporate Social Responsibility And The Legitimacy Of The Shareholder Primacy Norm: A Rawlsian Analysis

    Shareholder primacy is considered a major impediment to corporate social responsibility. This paper examines the status of the Shareholder Primacy Norm under US and UK law and shows that it is no longer legally enforceable, but remains a powerful social norm among managers, in part because of the sole voting...

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  • White Papers // Feb 2010

    Portfolio Risk Management And Carbon Emissions Valuation In Electric Power

    The energy business is in transition from a cost structure based on fuel and capital to a business that also accounts for the carbon footprint of energy production, transmission and end use. In the European Union (EU), this is already the case, with a liquid and functioning carbon emissions trading...

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  • White Papers // Oct 2009

    Vehicle Replacement In The International Committee Of The Red Cross

    This paper studies 4x4 vehicle replacement within the International Committee of the Red Cross (ICRC), one of the largest humanitarian organizations. ICRC policy sets the replacement of vehicles at 5 years or 150,000 Km, whichever comes first. Using field data collected at the ICRC headquarters and national level the authors...

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  • White Papers // Oct 2009

    Last Mile Vehicle Supply Chain In The International Federation Of Red Cross And Red Crescent Societies

    The authors study the last mile vehicle supply chain in the International Federation of the Red Cross and Red Crescent Societies (IFRC). The IFRC is one of the benchmark humanitarian organizations working in disaster response and development programs. The authors analyze the IFRC "better, faster and cheaper" last mile vehicle...

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  • White Papers // Dec 2009

    A Model Of Financial Market Liquidity Based On Intermediary Capital

    The author present a model of financial market liquidity provided by financially constrained intermediaries. The author shows that market liquidity increases with the level of intermediary capital. The authors also characterize conditions under which intermediaries play a stabilizing or destabilizing role in markets. Finally, the authors sketch a number of...

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  • White Papers // Mar 2010

    Recruiting For Ideas: How Firms Exploit The Prior Inventions Of New Hires

    When firms recruit inventors, they acquire not only the use of their skills but also enhanced access to their stock of ideas. But do hiring firms actually increase their use of the new recruits' prior inventions? The estimates suggest they do, quite significantly in fact, by approximately 202% on average....

    Provided By INSEAD