Browse Titles - 48 results
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What Is the Basic Principle for the Understanding of Contracts?
(Latest Thinking, 2017), 10 mins
The research presented in this video deals with the understanding of contracts and contract law. As MARKUS REHBERG explains, the main focus of contract law so far has been the moment of conclusion between the contracting parties, but a basic principle to fully comprehend the nature of contracts is still missing. H...
Open Access
(Latest Thinking, 2017), 10 mins
Description
The research presented in this video deals with the understanding of contracts and contract law. As MARKUS REHBERG explains, the main focus of contract law so far has been the moment of conclusion between the contracting parties, but a basic principle to fully comprehend the nature of contracts is still missing. He suggests using the “justification principle”, outlined in the video, to solve this problem and explains how this new concept shed...
The research presented in this video deals with the understanding of contracts and contract law. As MARKUS REHBERG explains, the main focus of contract law so far has been the moment of conclusion between the contracting parties, but a basic principle to fully comprehend the nature of contracts is still missing. He suggests using the “justification principle”, outlined in the video, to solve this problem and explains how this new concept sheds light on the design of contracts.
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Field of Study
Business & Economics
Content Type
Instructional material
Date Published / Released
2017
Publisher
Latest Thinking
Speaker / Narrator
Markus Rehberg
Person Discussed
Markus Rehberg
Topic / Theme
Law, Economics, Business, Legal contracts
Copyright Message
Copyright © 2017 Latest Thinking
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What is the Economic Relevance of Human Indecisiveness?
(Hamburg, Hamburg State: Latest Thinking, 2018), 13 mins
When faced with difficult decisions, people often demonstrate a preference for randomization, for the toss of a coin for example. In this video, GEORG H. WEIZSÄCKER explains that economic decision theory struggles to accommodate this phenomenon and he explores its consequences, focusing on the German university a...
Open Access
(Hamburg, Hamburg State: Latest Thinking, 2018), 13 mins
Description
When faced with difficult decisions, people often demonstrate a preference for randomization, for the toss of a coin for example. In this video, GEORG H. WEIZSÄCKER explains that economic decision theory struggles to accommodate this phenomenon and he explores its consequences, focusing on the German university application system. Weizsäcker finds that, for significant numbers of applicants, the propensity to avoid decisions regarding their pre...
When faced with difficult decisions, people often demonstrate a preference for randomization, for the toss of a coin for example. In this video, GEORG H. WEIZSÄCKER explains that economic decision theory struggles to accommodate this phenomenon and he explores its consequences, focusing on the German university application system. Weizsäcker finds that, for significant numbers of applicants, the propensity to avoid decisions regarding their preferred university course has potentially detrimental effects. The research provides important insight not only into the consequences of indecisiveness in the system analyzed but also for decision making more broadly e.g. by consumers, in business organizations and in the medical sphere.
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Field of Study
Business & Economics
Content Type
Instructional material
Date Published / Released
2018
Publisher
Latest Thinking
Speaker / Narrator
Georg Weizsacker, 1973-
Person Discussed
Georg Weizsacker, 1973-
Topic / Theme
Economics, Decision making
Copyright Message
Copyright © 2018 Latest Thinking
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What is the Impact of Financial Penalties on the Performance and Stock Returns of Banks?
(Hamburg, Hamburg State: Latest Thinking, 2017), 11 mins
Opinions on the impact of financial penalties on the profitability of banks are divided: One view argues that they obstruct the functioning of the banking sector; another one says that these penalties are simply another cost of doing business. MATTHIAS PELSTER and his research group have investigated the impact of...
Open Access
(Hamburg, Hamburg State: Latest Thinking, 2017), 11 mins
Description
Opinions on the impact of financial penalties on the profitability of banks are divided: One view argues that they obstruct the functioning of the banking sector; another one says that these penalties are simply another cost of doing business. MATTHIAS PELSTER and his research group have investigated the impact of penalties on the performance of banks in an empirical study in order to properly differentiate between the competing opinions. They ex...
Opinions on the impact of financial penalties on the profitability of banks are divided: One view argues that they obstruct the functioning of the banking sector; another one says that these penalties are simply another cost of doing business. MATTHIAS PELSTER and his research group have investigated the impact of penalties on the performance of banks in an empirical study in order to properly differentiate between the competing opinions. They examined the profitability and the stock returns of a sample of large internationally listed banks that were imposed with financial penalties. They found that there is a negative relation between penalties and pre-tax profitability and a lower income in the years following the penalty. However, taking a look at the stock performance of these banks, they could detect a positive relation of the stock returns to the announcement of penalties.
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Field of Study
Business & Economics
Content Type
Instructional material
Contributor
Matthias Pelster
Date Published / Released
2017
Publisher
Latest Thinking
Topic / Theme
Stock market, Cooperative banking
Copyright Message
Copyright © 2017 Latest Thinking
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What is the Importance of Context in Entrepreneurship Research?
produced by Latest Thinking (Hamburg, Hamburg State: Latest Thinking, 2018), 11 mins
Fieldwork has demonstrated that entrepreneurial behavior and economic theory do not work in the same ways in different national, cultural or regulatory contexts. In this video, FRIEDERIKE WELTER analyzes the importance of context in entrepreneurship research. Developing an interdisciplinary approach that draws on...
Open Access
produced by Latest Thinking (Hamburg, Hamburg State: Latest Thinking, 2018), 11 mins
Description
Fieldwork has demonstrated that entrepreneurial behavior and economic theory do not work in the same ways in different national, cultural or regulatory contexts. In this video, FRIEDERIKE WELTER analyzes the importance of context in entrepreneurship research. Developing an interdisciplinary approach that draws on insights from philosophy, anthropology, ethnology, and linguistics, Welter examines how contextual issues have been addressed in these...
Fieldwork has demonstrated that entrepreneurial behavior and economic theory do not work in the same ways in different national, cultural or regulatory contexts. In this video, FRIEDERIKE WELTER analyzes the importance of context in entrepreneurship research. Developing an interdisciplinary approach that draws on insights from philosophy, anthropology, ethnology, and linguistics, Welter examines how contextual issues have been addressed in these fields. With relevance for entrepreneurship education and research as well as for policymakers, Welter’s work highlights the importance of developing a process view of how entrepreneurship is contextualized.
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Field of Study
Business & Economics
Content Type
Instructional material
Contributor
Friederike Welter, fl. 2011, Latest Thinking
Date Published / Released
2018
Publisher
Latest Thinking
Topic / Theme
Entrepreneurship
Copyright Message
Copyright © 2018 Latest Thinking
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What Is the Relationship Between Asset Price Bubbles and Systemic Risk at Bank Level?
produced by Latest Thinking (Hamburg, Hamburg State: Latest Thinking, 2019), 5 mins
Why do some financial bubbles lead to financial crises while others do not? In this video, ISABEL SCHNABEL examines the role that individual financial institutions play in the relationship between asset price bubbles and systemic risk. Employing the BSADF test to identify asset bubbles and ?CoVaR (the Delta Condit...
Open Access
produced by Latest Thinking (Hamburg, Hamburg State: Latest Thinking, 2019), 5 mins
Description
Why do some financial bubbles lead to financial crises while others do not? In this video, ISABEL SCHNABEL examines the role that individual financial institutions play in the relationship between asset price bubbles and systemic risk. Employing the BSADF test to identify asset bubbles and ?CoVaR (the Delta Conditional Value-at-Risk) to measure systemic risk at the individual bank level, Schnabel highlights a clear relationship between bank size...
Why do some financial bubbles lead to financial crises while others do not? In this video, ISABEL SCHNABEL examines the role that individual financial institutions play in the relationship between asset price bubbles and systemic risk. Employing the BSADF test to identify asset bubbles and ?CoVaR (the Delta Conditional Value-at-Risk) to measure systemic risk at the individual bank level, Schnabel highlights a clear relationship between bank size and systemic risk. Suggesting that regulatory intervention might be better directed at institutions bearing higher risks than at the system in its entirety, this research makes an important contribution both to our understanding of financial crises and our ability to prevent them going forward.
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Field of Study
Business & Economics
Content Type
Instructional material
Contributor
Latest Thinking
Date Published / Released
2019
Publisher
Latest Thinking
Speaker / Narrator
Isabel Schnabel, 1971-
Person Discussed
Isabel Schnabel, 1971-
Topic / Theme
Personal finances, Capitalism, Capital, Banks and banking
Copyright Message
Copyright © 2019 Latest Thinking
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What Kind of Reward Scheme Works Best to Induce High Effort in Teams?
(Latest Thinking, 2017), 9 mins
The experiment presented in this video explores the interaction of reward schemes and production functions on team effort. SEBASTIAN J. GOERG explains that unequal rewards seem to yield higher efficiency for complementary production functions (i.e., if each worker’s effort counts);but that symmetric reward schem...
Open Access
(Latest Thinking, 2017), 9 mins
Description
The experiment presented in this video explores the interaction of reward schemes and production functions on team effort. SEBASTIAN J. GOERG explains that unequal rewards seem to yield higher efficiency for complementary production functions (i.e., if each worker’s effort counts);but that symmetric reward schemes induce higher efforts if workers’ efforts are substitutes. He concludes that inequality may have a positive effect on efficiency a...
The experiment presented in this video explores the interaction of reward schemes and production functions on team effort. SEBASTIAN J. GOERG explains that unequal rewards seem to yield higher efficiency for complementary production functions (i.e., if each worker’s effort counts);but that symmetric reward schemes induce higher efforts if workers’ efforts are substitutes. He concludes that inequality may have a positive effect on efficiency and that both production function and reward scheme are potent tools to raise average effort.
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Field of Study
Business & Economics
Content Type
Instructional material
Contributor
Sebastian J. Goerg, 1980-
Date Published / Released
2017
Publisher
Latest Thinking
Speaker / Narrator
Sebastian J. Goerg, 1980-
Person Discussed
Sebastian J. Goerg, 1980-
Topic / Theme
Business teams, Production planning
Copyright Message
Copyright © 2017 Latest Thinking
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Which Metrics Perform Best in PLS Model Comparisons?
(Germany: Latest Thinking, 2018), 14 mins
Social science researchers need to use modeling to understand complex real-life phenomena. But how does a researcher decide which of the available models is most appropriate? In this video, MARCO SARSTEDT analyzes the metrics employed by researchers in assessing PLS (Partial Least Squares) models, outlining how su...
Open Access
(Germany: Latest Thinking, 2018), 14 mins
Description
Social science researchers need to use modeling to understand complex real-life phenomena. But how does a researcher decide which of the available models is most appropriate? In this video, MARCO SARSTEDT analyzes the metrics employed by researchers in assessing PLS (Partial Least Squares) models, outlining how such assessments can be optimized. Running a Monte Carlo simulation study, Sarstedt explains the inadequacies (for PLS researchers) of co...
Social science researchers need to use modeling to understand complex real-life phenomena. But how does a researcher decide which of the available models is most appropriate? In this video, MARCO SARSTEDT analyzes the metrics employed by researchers in assessing PLS (Partial Least Squares) models, outlining how such assessments can be optimized. Running a Monte Carlo simulation study, Sarstedt explains the inadequacies (for PLS researchers) of commonly used metrics like R² and the Goodness of Fit index by comparison with information criteria like BIC and GM. Offering suggestions as to how these metrics should ideally be implemented, Sarstedt notes that further work is required to assess whether their advantages extend to studies which employ more complex modeling.
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Field of Study
Business & Economics
Content Type
Instructional material
Date Published / Released
2018
Publisher
Latest Thinking
Speaker / Narrator
Marko Sarstedt, fl. 2010
Person Discussed
Marko Sarstedt, fl. 2010
Topic / Theme
Scientific research, Scientific method, Social sciences
Copyright Message
Copyright © 2018 Latest Thinking
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Why Does Replication Encounter Such Resistance in Economics?
(Hamburg, Hamburg State: Latest Thinking, 2018), 8 mins
Claims that less than 10% of published scientific papers can be reproduced have led to increased interest in replication, a process whereby researchers check the validity of published empirical findings. In this video, MAREN DUVENDACK investigates why replication has faced particular resistance in economics. Analy...
Open Access
(Hamburg, Hamburg State: Latest Thinking, 2018), 8 mins
Description
Claims that less than 10% of published scientific papers can be reproduced have led to increased interest in replication, a process whereby researchers check the validity of published empirical findings. In this video, MAREN DUVENDACK investigates why replication has faced particular resistance in economics. Analyzing some 200 replication studies that have appeared in leading economics journals over the past 60 years, Duvendack highlights a lack...
Claims that less than 10% of published scientific papers can be reproduced have led to increased interest in replication, a process whereby researchers check the validity of published empirical findings. In this video, MAREN DUVENDACK investigates why replication has faced particular resistance in economics. Analyzing some 200 replication studies that have appeared in leading economics journals over the past 60 years, Duvendack highlights a lack of publication outlets for replication studies in the discipline. Identifying the underlying reasons why economics journals remain resistant to replication, Duvendack argues that economics must be more open to innovations originating in other fields (like Registered Replication Reports) if it is to adequately address the reproducibility crisis.
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Field of Study
Business & Economics
Content Type
Instructional material
Date Published / Released
2018
Publisher
Latest Thinking
Speaker / Narrator
Maren Duvendack, fl. 2015
Person Discussed
Maren Duvendack, fl. 2015
Topic / Theme
Economics
Copyright Message
Copyright © 2018 Latest Thinking
×
