Publication records

The researchers explored how organizations decide to invest in different innovations by studying a large professional service firm with offices in 37 countries. They analyzed all of the R&D project proposals submitted by its staff, including information about which projects received funding, and found that managers don’t always carefully weigh the pros and cons of each project and that biases can creep into the decision-making process. They found that there is a sweet spot of novelty that makes R&D committees more likely to fund a project, and that certain characteristics of the R&D selection committee can also influence funding decisions.

Researchers agree that replicability and reproducibility are key aspects of science. A collection of Data Descriptors published in Scientific Data presents data obtained in the process of attempting to replicate previously published research. These new replication data describe published and unpublished projects. The different papers in this collection highlight the many ways that scientific replications can be conducted, and they reveal the benefits and challenges of crucial replication research. The organizers of this collection encourage scientists to reuse the data contained in the collection for their own work, and also believe that these replication examples can serve as educational resources for students, early-career researchers, and experienced scientists alike who are interested in learning more about the process of replication.

This work is licensed under a Creative Commons Attribution 4.0 International License CC-BY.

This paper analyzes the substantially growing markets for crowdfunding, in which retail investors lend to borrowers without financial intermediaries. Critics suggest these markets allow sophisticated investors to take advantage of unsophisticated investors. The growth and viability of these markets critically depends on the underlying incentives. We provide evidence of perverse incentives in crowdfunding that are not fully recognized by the market. In particular we look at group leader bids in the presence of origination fees and find that these bids are (wrongly) perceived as a signal of good loan quality, resulting in lower interest rates. Yet these loans actually have higher default rates. These adverse incentives are overcome only with sufficient skin in the game and when there are no origination fees. The results from the analysis in this paper provide more general implications for crowdfunding, its structure and regulation.

© 2016 INFORMS

The LeChatelier-Samuelson principle states that, as a reaction to a shock, an agent's short-run adjustment of an affected action is smaller than its long-run adjustment (when the agent can also adjust other related actions). We extend the principle to strategic environments where the long-run adjustment also accounts for other players adjusting their strategies. We show that the principle holds for supermodular games (strategic complements) satisfying monotone comparative statics and provide sufficient conditions for the principle to hold in games of strategic substitutes/heterogeneity. We discuss the principle's implications for cost pass-through of multiproduct firms.

In December 2016, the Digital Society Institute hosted a workshop on requirements to create a compatibility of data protection and IT security regulation. Contributions to the workshop were given by Marit Hansen (ULD Schleswig-Holstein), Tomasz Lawicki (TeleTrusT working group “State of the Art Technology”), Steve Ritter (BSI) and Johannes Schlattmann (LVM).

The issue contains German text and English translation in one file.

The two-part case study describes two attempts to empower the crews of two nuclear submarines of the US Navy. The case highlights the challenges as well as the weaknesses and strengths of the empowering process. While not against the operational principle of command and control on board a submarine, empowerment is in contrast to the traditional leadership doctrine of the US Navy which relies on the leader-follower principle. The case is based on the personal account of co-author L. David Marquet, Captain, US Navy (Ret.) and former commander of the USS Santa Fe. He authored the bestselling book Turn the Ship Around! that provides a more detailed account of the events described in the A and B cases.

The case may be used in the leadership courses in MBA and executive education programs. Apart from the main objective of highlighting the principle of empowerment, instructors may also explore how to motivate individuals and groups in critical settings. The instructor may ask executives to reflect on their own leadership experiences. On the whole, the case may be used to address the following subjects: (1) empowerment, (2) inquiry, (3) leadership styles, (4) motivation, (5) followership, (6) team management, and (7) situational leadership.

The two-part case study describes two attempts to empower the crews of two nuclear submarines of the US Navy. The case highlights the challenges as well as the weaknesses and strengths of the empowering process. While not against the operational principle of command and control on board a submarine, empowerment is in contrast to the traditional leadership doctrine of the US Navy which relies on the leader-follower principle. The case is based on the personal account of co-author L. David Marquet, Captain, US Navy (Ret.) and former commander of the USS Santa Fe. He authored the bestselling book Turn the Ship Around! that provides a more detailed account of the events described in the A and B cases.

The case may be used in the leadership courses in MBA and executive education programs. Apart from the main objective of highlighting the principle of empowerment, instructors may also explore how to motivate individuals and groups in critical settings. The instructor may ask executives to reflect on their own leadership experiences. On the whole, the case may be used to address the following subjects: (1) empowerment, (2) inquiry, (3) leadership styles, (4) motivation, (5) followership, (6) team management, and (7) situational leadership.