Documents business economics 169 results

"This paper provides new cross-country evidence on the links between national policies and the growth patterns of start-ups. In particular, it compares for the first time the heterogeneous effects of national policies on entrants and incumbents, within the same country, industry, and time period. A number of key facts emerge. First, start-ups in volatile sectors and in sectors that exhibit higher growth dispersion are significantly more exposed to national policies than start-ups in other sectors. Second, start-ups are systematically more exposed than incumbents to the policy environment and national framework conditions. Third, the results suggest that timely bankruptcy procedures and strong contract enforcement are key to establishing a dynamic start-up environment."

"Greening the economy is high on the political agenda. As early as 2015, the Paris Agreement set ambitious targets to combat climate change. Efforts have since become broader and are now aimed at promoting sustainable development in general, as set out in the UN 2030 Agenda for Sustainable Development. The financial sector is expected to play an important role in the upcoming transition towards a more sustainable
economy. Therefore, policy makers in different parts of the world are developing “sustainable finance” programs. The EU Commission has just released a renewed sustainable finance strategy. This issue of CESifo Forum explores why sustainable finance programs may be necessary and takes a closer look at investor and corporate behavior. The authors assess how important the objective of sustainability has been
so far and examine how it affects the decisions of companies and those of their peers. They also propose measures to render the corporate sector more sustainable."

"There is an entrenched relationship between the consulting industry and the way business and government are managed today which must change.
Mariana Mazzucato and Rosie Collington show that our economies' reliance on companies such as McKinsey, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG and EY stunts innovation, obfuscates corporate and political accountability and impedes our collective mission of halting climate breakdown.
The 'Big Con' describes the confidence trick the consulting industry performs in contracts with hollowed-out and risk-averse governments and shareholder value-maximizing firms. It grew from the 1980s and 1990s in the wake of reforms by both the neoliberal right and Third Way progressives, and it thrives on the ills of modern capitalism, from financialization and privatization to the climate crisis. It is possible because of the unique power that big consultancies wield through extensive contracts and networks - as advisors, legitimators and outsourcers - and the illusion that they are objective sources of expertise and capacity. To make matters worse, our best and brightest graduates are often redirected away from public service into consulting. In all these ways, the Big Con weakens our businesses, infantilizes our governments and warps our economies.
Mazzucato and Collington expertly debunk the myth that consultancies always add value to the economy. With a wealth of original research, they argue brilliantly for investment and collective intelligence within all organizations and communities, and for a new system in which public and private sectors work innovatively for the common good. We must recalibrate the role of consultants and rebuild economies and governments that are fit for purpose."

"Is digitalisation a massive gamechanger which will deliver huge gains in productivity, or is it more of a sideshow with only limited impacts? We use a large balance sheet panel dataset comprising more than 19 million European firm-level observations to empirically investigate the impact of digitalisation on productivity growth via various previously unexplored channels and mechanisms. Our results suggest that for two otherwise identical firms, the firm that exhibits on average a higher share of investment in digital technologies will exhibit a faster rate of TFP growth, but not all firms and sectors experience significant productivity gains from digitalisation. Digitalisation does not seem to have relatively stronger impacts on the productivity of frontier firms compared to laggards, nor does it help to turn laggards into frontier firms. Overall, firms should not regard digital investment as a ‘one-size-fits-all' strategy to improve their productivity. Digital technologies are a gamechanger for some firms. But they seem more like a sideshow for most firms, who attempt to be increasingly digital but are not able to adequately reap its productivity gains."

"Corporations are among the dominant contributors to climate change and environmental degradation. At the same time, they could still become champions to turn the ship around. With great power comes great responsibility. The emphasis on profit maximization led carbon majors to be one of the main contributors to climate change. Additionally, globalized and multi-level production and trade have led to concerns for human rights in business processes. Furthermore, the in-action of big techs in addressing mis/disinformation in their platforms has led artificial intelligence to destabilize democratic discourses. The planetary crisis, modern slavery, and democratic erosion propelled Academy fellows and faculty to respond with urgency. As the TBLSA Impact Paper puts forth, business law and finance offer effective avenues, such as the purpose-driven business model and the revaluation of asset management, for a just transition which takes into account climate justice, more meaningful transparency, and algorithm accountability so long as public and private actors implement the concrete policy recommendations proposed in this brief."

"Digital platforms have become an important part of the digital economy by facilitating transactions between large numbers of users and by fostering innovation on collaborative platforms. It is striking that platform-based services are dominated by a small number of global players. Most of them are headquartered in the USA, including Alphabet, Amazon, Apple, Meta and Microsoft, also known as the “Big Five”. A comparative analysis of the Big Five provides insights into their success factors and platform-related antitrust issues that could be helpful for policymakers to improve the European technology ecosystem. Business decision-makers can also benefit from these lessons learned when shaping digital strategies."

"With this open access book, delve into the insights of respected leaders from academia and industry as they unravel the intricacies of sustainability-driven business transformation. This meticulously curated edited volume reflects on The Road To Net Zero, underscoring the need for pioneering pathways. Embark on a collaborative learning journey and explore key issues along the road to transformation, such as crafting corporate sustainability strategies, new forms of corporate disclosure, transforming value chains, and harnessing the power of technological innovation. Packed with guiding questions and distilled findings from research, this book is a must-read for all decision-makers, strategists, engaged citizens, educators, and learners committed to driving change and shaping a more sustainable future."

"« Jugaad » est un mot hindi populaire qui peut être traduit à peu près par « l'art de concevoir des solutions ingénieuses, largement pratiqué dans les pays émergents » : c'est littéralement l'art de « faire plus avec moins » dans des conditions difficiles.

Dans un monde où les ressources financières et énergétiques se restreignent, les entreprises occidentales s'inspirent de plus en plus de l'art de concevoir des solutions ingénieuses développées dans les pays émergents.

Les entrepreneurs jugaad perçoivent les fortes contraintes comme autant d'incitations à innover. Ce livre fait la lumière sur la façon dont ces innovateurs jugaad pensent et agissent, et identifie les précieuses leçons dont l'Occident tire déjà profit."