Milan Frederik Klus

Bio: Milan Frederik Klus is an academic researcher from University of Münster. The author has contributed to research in topics: Strategic alliance & Flexibility (personality). The author has an hindex of 4, co-authored 10 publications receiving 59 citations. Previous affiliations of Milan Frederik Klus include University of Bremen.

How do banks interact with fintech startups

Abstract: The increasing pervasiveness of technology-driven firms that offer financial services has led to growing pressure on traditional banks to modernize their core business activities and services. Many banks tackle the challenges of digitalization by cooperating with startup firms that offer technology-driven financial services and novel service packages (fintechs). In this article, we examine which banks typically collaborate with fintechs, how intensely they do so, and which form of alliance they prefer. Using hand-collected data covering the largest banks from Canada, France, Germany, and the United Kingdom, we provide detailed evidence on the different forms of alliances occurring in practice. We show that banks are significantly more likely to form alliances with fintechs when they pursue a well-defined digital strategy and/or employ a chief digital officer. Moreover, in line with incomplete contract theory, we find that banks more frequently invest in small fintechs but often build product-related collaborations with larger fintechs.

Strategic Alliances between Banks and Fintechs for Digital Innovation: Motives to Collaborate and Types of Interaction

Abstract: In Zeiten der Digitalisierung steigt die Notwendigkeit von Unternehmensallianzen aufgrund steigender Komplexitat und Dynamik. Digitale Innovationen fuhren dazu, dass etablierte Unternehmen sich veranderten Rahmenbedingungen anpassen mussen, die von neuen Wettbewerbern und steigenden Kundenerwartungen ausgehen. Aber auch junge Unternehmen, die technische Losungen fur die Finanzdienstleistungsbranche anbieten (Fintechs), haben Schwierigkeiten, etwa bei der Erfullung hoher regulatorischer Anforderungen. Diese Defizite auf beiden Seiten fuhren dazu, dass eine zunehmende Anzahl von Allianzen in der Finanzdienstleistungsbranche zu beobachten ist. Wir haben Interviews durchgefuhrt, um die dahinterliegenden Beweggrunde von Banken und Fintechs zu untersuchen. Die Motive wurden anhand der Haufigkeit ihrer Nennung sowie nach ihrem Ubereinstimmungsgrad kategorisiert. Die Allianzen in unserer Stichprobe konnen in Finanzinvestitionen und Kunde-Dienstleister-Beziehungen unterschieden werden, wobei die zweite Kategorie am haufigsten zu finden ist. Unsere Ergebnisse zeigen jedoch, dass das Auftreten bestimmter Motive nicht zwangslaufig mit bestimmten Arten der Zusammenarbeit verbunden ist. Aufbauend auf diesen Erkenntnissen systematisieren wir die Motive und leiten praktische Implikationen ab.

The digital leader: What one needs to master today's organisational challenges [Die digitale Führungskraft: Was man benötigt, um die heutigen organisatorischen Herausforderungen zu meistern]

Abstract: Executives are increasingly facing various challenges associated with digitalisation, ranging from digitally mapping their existing business processes to fundamentally changing their business models. In this context, however, few studies have investigated which skills and traits executives need to successfully master digitalisation-related challenges. While some contributions suggest and systematise leadership skills, we go one step further and conduct a survey to investigate the connection between selected skills and executives' abilities to cope with specific challenges. Based on our results, executives that are well equipped to cope with these challenges tend to think and act entrepreneurially, have strong (self-)organisation and IT skills, a profound ability to motivate others, and a high degree of flexibility, commitment, and creativity. Surprisingly, being a strong team player does not seem to be necessarily advantageous. Moreover, many executives desire more calmness, which suggests that being able to decelerate is important in the digital age.

The digital leader: what one needs to master today’s organisational challenges

Abstract: Executives are increasingly facing various challenges associated with digitalisation, especially the simultaneous handling of many topics, loads of information flushing in via digital channels, rapid changes, and finding the right balance between the old and the new. Building on a growing body of research suggesting and systematising leadership skills, we conduct an online-survey with executives to investigate the connection between selected skills and the ability to cope with specific challenges. We find that a strong ability to think and act entrepreneurially, (self-)organisation and IT skills, a profound ability to motivate others, and a high degree of flexibility, commitment, and creativity are positively linked to the ability to cope with several digitalisation-related challenges. Surprisingly, being a strong team player does not seem to be necessarily advantageous. Moreover, many executives desire more calmness, which suggests that being able to decelerate is important in the digital age.

Success factors of academic journals in the digital age

Abstract: Die Digitalisierung hat neue Moglichkeiten fur die Verbreitung von Informationen eroffnet. Deshalb haben viele wissenschaftliche Zeitschriften seit Anfang der 90er Jahre mit der Einfuhrung von Online-Angeboten begonnen. Fruhere Studien deuten darauf hin, dass die Online-Verfugbarkeit und der freie Zugang zu Artikeln positiv mit der Anzahl an Zitationen verbunden sind. Uber die relativen Auswirkungen der Einfuhrung von Online-Angeboten auf Zeitschriftenebene und die langfristigen Wettbewerbsvorteile in Zeiten des digitalen Wandels ist jedoch wenig bekannt. Basierend auf Paneldaten SSCI-gelisteter Management-Journals von 1989 bis 2016 untersuchen wir, welche Zeitschriften im digitalen Bereich Pionierarbeit geleistet haben, inwieweit First-Mover-Vorteile identifiziert werden konnen und welche Zeitschriftenmerkmale mit zitationsbasierten Leistungsindikatoren verbunden sind. Unsere Ergebnisse zeigen, dass Zeitschriften mit niedrigerem Rang relativ fruh digitale Angebote eingefuhrt haben und besonders von der Digitalisierung profitieren. Daruber hinaus finden wir einen signifikanten Zusammenhang zwischen der internationalen Zusammensetzung von Autorenteams und Leistungsindikatoren. Unsere Analyse des Zusammenhangs zwischen Online-Verfugbarkeit sowie Open Access und Performance steht im Widerspruch zu fruheren Studien, da wir feststellen, dass signifikante Korrelationen abnehmen, wenn wir die Effekte auf Zeitschriftenebene angemessen kontrollieren.

闡釋《社會成本問題》[The Problem of Social Cost]

Abstract: THIS paper is concerned with those actions of business firms which have harmful effects on others. The standard example is that of a factory the smoke from which has harmful effects on those occupying neighbouring properties. The economic analysis of such a situation has usually proceeded in terms of a divergence between the private and social product of the far' ory, in which economists have largely followed the treatment of Pigou in The Economics of Welfare. The conclusions to which this kind of analyris seems to have led most economists is that it would be desirable to make the owner of the factory liable for the damage caused to those injured by the smoke, or alternatively, to place a tax on the factory owner varying with the amount of smoke produced and equivalent in money terms to the damage it would cause, or finally, to exclude the factory from residential districts (and presumably from other

Structuring servitization-related research

Abstract: Purpose The purpose of this paper is to organize and connect past research from different servitization-related scholarly communities. Design/methodology/approach This study reviews more than 1,000 articles by combining author co-citation and qualitative content analyses. Findings The structure and boundaries of the field are mapped, and the characteristics of the three identified servitization-related communities are assessed qualitatively. These three communities are product-service systems, solution business, and service science. The findings demonstrate that a narrow range of theories and qualitative methods dominate in existing research. Originality/value Through the lens of the sociology of science, this review critically evaluates servitization-related research and offers a list of themes that are considered important to the future development of the field. Regarding future research, the main recommendations are as follows: increasing the use of well-established theories from adjacent mature fields, borrowing ideas from different research communities to stimulate knowledge accumulation within and across communities, and reducing the level of description while increasing the number of confirmatory, quantitative, and longitudinal research designs. Finally, the development of formal structures for socialization (e.g. conferences and special issues) could allow the field to achieve a greater degree of scientific maturity and would influence the direction and pace of the development of servitization-related research.

How do banks interact with fintech startups

Abstract: The increasing pervasiveness of technology-driven firms that offer financial services has led to growing pressure on traditional banks to modernize their core business activities and services. Many banks tackle the challenges of digitalization by cooperating with startup firms that offer technology-driven financial services and novel service packages (fintechs). In this article, we examine which banks typically collaborate with fintechs, how intensely they do so, and which form of alliance they prefer. Using hand-collected data covering the largest banks from Canada, France, Germany, and the United Kingdom, we provide detailed evidence on the different forms of alliances occurring in practice. We show that banks are significantly more likely to form alliances with fintechs when they pursue a well-defined digital strategy and/or employ a chief digital officer. Moreover, in line with incomplete contract theory, we find that banks more frequently invest in small fintechs but often build product-related collaborations with larger fintechs.