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Showing papers by "IE University published in 2020"


Journal ArticleDOI
TL;DR: In this paper, the authors investigate how the COVID-19 health crisis could affect the liquidity of listed firms across 26 countries, and stress test three liquidity ratios for each firm with full and partial operating flexibility in two simulated distress scenarios corresponding to drops in sales of 50% and 75%, respectively.

174 citations


Journal ArticleDOI
TL;DR: In the past decade, we have seen a spectacular increase in the number of companies described as being part of the "sharing economy", and the emerging academic research on the topic reflects the importa...
Abstract: In the past decade, we have seen a spectacular increase in the number of companies described as being part of the “sharing economy.” The emerging academic research on the topic reflects the importa...

121 citations


Journal ArticleDOI
TL;DR: Investigation of interventions aimed at combating false and unsupported information about the Zika epidemic and subsequent yellow fever outbreak in Brazil finds that corrective information not only fails to reduce targeted Zika misperceptions but also reduces the accuracy of other beliefs about the disease.
Abstract: Disease epidemics and outbreaks often generate conspiracy theories and misperceptions that mislead people about the risks they face and how best to protect themselves. We investigate the effectiveness of interventions aimed at combating false and unsupported information about the Zika epidemic and subsequent yellow fever outbreak in Brazil. Results from a nationally representative survey show that conspiracy theories and other misperceptions about Zika are widely believed. Moreover, results from three preregistered survey experiments suggest that efforts to counter misperceptions about diseases during epidemics and outbreaks may not always be effective. We find that corrective information not only fails to reduce targeted Zika misperceptions but also reduces the accuracy of other beliefs about the disease. In addition, although corrective information about the better-known threat from yellow fever was more effective, none of these corrections affected support for vector control policies or intentions to engage in preventive behavior.

91 citations


Journal ArticleDOI
TL;DR: In this article, the authors review the intellectual and theoretical foundations of transaction cost economics, its primary aims, and its applicability as a theory of supply chain efficiency, and discover much common ground between TCE and research in operations and supply chain management.
Abstract: Transaction cost economics (TCE) is one of the most widely referenced organization theories in operations and supply chain management research. Even though TCE is a broadly applicable theory of governance, one of its specific topics of interest—the make‐or‐buy decision—readily aligns with some of the central research questions on how firms manage supply chains. However, both general management and operations management researchers sometimes misunderstand and misapply TCE's aims, assumptions, and logic. A common mistake is to read TCE as a theory of competence or of power. While TCE relates to both, TCE is essentially a theory of efficient governance of transactions in particular and exchange relationships in general. Our purpose in this study is to review the intellectual and theoretical foundations of TCE, its primary aims, and its applicability as a theory of supply chain efficiency. To this end, we discover much common ground between TCE and research in operations and supply chain management. We close by discussing implications for future research, focusing on how operations and supply chain management researchers could contribute to broader academic conversations on management and governance.

68 citations


Journal ArticleDOI
TL;DR: It is argued that point-to-point ULH services, with access to a strong domestic feeder system, will not only require minimal adjustments to cope with COVID-19, but will simultaneously produce higher seat-load factors and yields, heightened network flexibility, and unique health benefits tied to its ability to bypass densely populated hub airports.

63 citations


Journal ArticleDOI
TL;DR: In this article, the authors used a case study method with multiple cases, involving five small and medium sized business-to-business (B2B) corporate brands, to better understand the process of corporate brand identity co-creation.

60 citations


Journal ArticleDOI
TL;DR: In this paper, the authors argue that labour regulation can continue to facilitate innovation, presenting the employment relationship as a flexible instrument, and standard forms of employment as the means of achieving efficiencies and cost advantages.
Abstract: Digital transformation and the reorganization of the firm have given rise to new forms of work that diverge significantly from the standard employment relationship. Advocates of digital disruption suggest that the existing legal framework cannot accommodate “innovative” working templates and business models. This article, however, argues that labour regulation can continue to facilitate innovation, presenting the employment relationship as a flexible instrument, and standard forms of employment as the means of achieving efficiencies and cost advantages. First, they allow for the full exercise of managerial prerogative and attendant internal flexibility in workforce deployment, and, second, they constitute an effective device to deliver training and develop skills.

44 citations


Journal ArticleDOI
TL;DR: This paper contributes to the understanding of how IT mitigates value-based tradeoffs in public organisations to achieve public value by identifying three mitigation strategies facilitated via IT-enabled organisational capabilities – bias, tunnelling and hybridisation.
Abstract: Governments today are striving to improve services in the public sector through digital transformation programs but face tremendous pressures from multiple fronts (economy, national security, healt...

42 citations


Journal ArticleDOI
TL;DR: In this article, the authors present adaptive pricing, a method to learn from EV owners' reactions to prices and adjust announced prices accordingly, which can assist grid operators in ensuring the reliable operation of the grid.
Abstract: A transition to electric vehicles (EVs) is widely assumed to be an important step along the road to environmental sustainability. However, large-scale adoption of EVs may put electricity grids under critical strain, since peaks in electricity demand are likely to increase radically. Efforts to manage demand peaks through pricing schemes may create new peaks at low-price periods, if large numbers of EV owners use smart charging to benefit from low prices. This effect is expected to be amplified when EV owners adopt smart decision support to assist them with optimal charging decisions. Therefore, energy policymakers are interested in advanced pricing schemes that can smooth demand or induce demand that comes as close as possible to a desired profile. We show, through simulations calibrated with real-world data, that current approaches to electricity pricing are limited in their ability to induce desired demand profiles. To address this challenge, we present adaptive pricing, a method to learn from EV owner reactions to prices and adjust announced prices accordingly. Our method draws on the Green Information Systems principles and can assist grid operators in ensuring the reliable operation of the grid. We evaluate our results in simulations, where we find that adaptive pricing outperforms current electricity pricing schemes, yielding results close to the theoretically optimal ones. We test our method in inducing both flat and extremely volatile demand profiles, and we see that in both cases it manages to induce EV charging close to the ideal scenario under perfect information.

41 citations


Journal ArticleDOI
TL;DR: A systematic literature review that updates the Usman et al. study from 2014 to 2020 by analyzing the data extracted from 73 new papers identified six agile methods: Scrum, Xtreme Programming and four others, in all of which expert-based estimation methods continue to play an important role.
Abstract: This work was supported by the Spanish Ministry of Science, Innovation and Universities through the Adapt@Cloud Project under Grant TIN2017-84550-R.

39 citations


Journal Article
01 Dec 2020-Scopus
TL;DR: In this paper, the authors present an understanding of ambidextrous interorganizational collaboration and alliances in general and supply chain ambidexterity of manufacturing SMEs in particular.
Abstract: Organizational ambidexterity is the simultaneous act of exploiting existing competences and exploring new opportunities. Prior studies suggest that resource-constrained SMEs cannot successfully pursue simultaneous interorganizational ambidexterity but need to rely on functionally separated alliances (i.e., alliances based on their value chain function such as explorative RD however, network capabilities and strategic information flow with their supply chain partners help mitigate this negative relationship. The present study advances understanding of ambidextrous interorganizational collaboration and alliances in general and supply chain ambidexterity of manufacturing SMEs in particular. In contexts where supply chain ambidexterity is negatively associated with performance, network capabilities and strategic information flow may be necessary to lower the negative effects.

Journal ArticleDOI
02 Dec 2020-PLOS ONE
TL;DR: This work shows that dyslexia can be screened using a machine learning approach and an online screening tool in Spanish based on the methods has already been used by more than 200,000 people.
Abstract: Dyslexia is a specific learning disorder related to school failure. Detection is both crucial and challenging, especially in languages with transparent orthographies, such as Spanish. To make detecting dyslexia easier, we designed an online gamified test and a predictive machine learning model. In a study with more than 3,600 participants, our model correctly detected over 80% of the participants with dyslexia. To check the robustness of the method we tested our method using a new data set with over 1,300 participants with age customized tests in a different environment -a tablet instead of a desktop computer- reaching a recall of over 78% for the class with dyslexia for children 12 years old or older. Our work shows that dyslexia can be screened using a machine learning approach. An online screening tool in Spanish based on our methods has already been used by more than 200,000 people.

Journal ArticleDOI
TL;DR: The idealized view of the press as an institution that operates independently from private and political interests and tries to hold power to account is central to many journalists' self-conception as mentioned in this paper.
Abstract: The idealized view of the press as an institution that operates independently from private and political interests and tries to hold power to account is central to many journalists’ self-conception...

Journal ArticleDOI
TL;DR: In this paper, a case study of a public university facing the conflict between a professional and a managerial logic shed light on how organizations may actively manage institutional complexity over time and suggest specific interventions to transform complexity into a source of strategic advantage.
Abstract: This paper aims to understand the mechanisms through which organizations, over time, manage competing logics within budgeting practices. We draw insights from new institutional studies in accountingto highlight the importance of practice-level negotiations for managing institutional conflicts, but we complement them with a focus on the organizational embeddedness of hybrid practices from organizational studies in accounting. More specifically, we build on the notion of ‘structured flexibility,’ according to which organizational structures frame and enable negotiations on hybrid practices, as critical to manage complexity in face of changing environmental conditions. We thus show how ‘structured flexibility’ is made possible by a number of characteristics of decision-making that have been widely studied by the behavioral theory of the firm, i.e. the decomposition of decision-making processes, the framing of local negotiations and the search for satisficing solutions. Our findings from a case study of a public university facing the conflict between a professional and a managerial logic shed light on how organizations may actively manage institutional complexity over time and suggest specific interventions to transform complexity into a source of strategic advantage.

Journal ArticleDOI
TL;DR: In this paper, the authors restate the micro-level hypotheses for the second-order election model and run a rigorous test for the 2004 and 2014 European elections using data from the European Election Studies voter surveys, revealing signs of sincere and strategic abstentions in European Parliament elections.
Abstract: The second-order election (SOE) model as originally formulated by Reif and Schmitt (1980) suggests that, relative to the preceding first-order election result, turnout is lower in SOEs, government and big parties lose, and small and ideologically extreme parties win. These regularities are not static but dynamic and related to the first-order electoral cycle. These predictions of the SOE model have often been tested using aggregate data. The fact that they are based on individual-level hypotheses has received less attention. The main aim of this article is to restate the micro-level hypotheses for the SOE model and run a rigorous test for the 2004 and 2014 European elections. Using data from the European Election Studies voter surveys, our analysis reveals signs of sincere, but also strategic abstentions in European Parliament elections. Both strategic and sincere motivations are also leading to SOE defection. It all happens at once.

Journal ArticleDOI
TL;DR: In this paper, the authors present an understanding of ambidextrous interorganizational collaboration and alliances in general and supply chain ambidexterity of manufacturing SMEs in particular.

Journal ArticleDOI
TL;DR: The learning curve describes learning from experience, even in its earliest phases, as an iterative process in which the ratio of positive to negative outcomes rises sharply with experience before reaching a tipping point.
Abstract: The learning curve describes learning from experience, even in its earliest phases, as an iterative process in which the ratio of positive to negative outcomes rises sharply with experience before ...

Journal ArticleDOI
TL;DR: New ventures that internationalize aggressively from or near founding have been of continued interest in international entrepreneurship as discussed by the authors, and a rich literature now exists in which researchers make numeri cation of these new ventures.
Abstract: New ventures that internationalize aggressively from or near founding have been of continued interest in international entrepreneurship. A rich literature now exists in which researchers make numer...

Journal Article
TL;DR: This article found that news avoiders see news as having limited informational benefits and high costs in terms of time, emotional energy, and mental effort, and did not see consuming news as a civic duty to be pursued despite the costs, nor did they have strong ties to communities that highly valued news consumption.
Abstract: Why do some people maintain a news habit while others avoid news altogether? To explore that question, we put findings from an interview-based study of news avoiders in the UK and Spain into dialogue with past research on factors found to shape news consumption. We found that news avoiders saw news as having limited informational benefits and high costs in terms of time, emotional energy, and mental effort. They also did not see consuming news as a civic duty to be pursued despite the costs, nor did they have strong ties to communities that highly valued news consumption. This meant they had few social incentives to return to news habitually and that connections between distant-seeming topics in the news and immediate concerns were rarely reinforced. We conclude that group-level social factors play an understudied but important role in shaping news avoidance.

Journal ArticleDOI
TL;DR: The authors disentangle two critical determinants of innovation strategies among family firms, namely, the family's wealth concentration (WC) in its business, and its agency and behavioral perspectives.
Abstract: Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family’s wealth concentration (WC) in its business a...

Journal ArticleDOI
TL;DR: Findings show that ATLAS.ti can be effectively learned in both traditional and online formats, and a series of best practices are suggested for teaching CAQDAS in online learning environments.
Abstract: In today's world of pervasive technology use, online education is rapidly growing. Online learning environments offer a multitude of benefits for both learners and teachers, as there are substantia...

Journal ArticleDOI
TL;DR: This study investigates how an organization-level MC element (the value ‘self-management’) relates to departmental MC elements, creating tensions, and investigates how these tensions can change over time, which is coined the term tension complexity.

Journal ArticleDOI
TL;DR: In this paper, the authors used a logistic regression framework to measure the probability of a shopper becoming a multichannel shopper based on the key constructs and a battery of control variables.
Abstract: This study aims to identify, within the context of the French fashion industry, the characteristics of multichannel shoppers, that is, consumers who use more than one channel in a single shopping trip. We especially investigate whether consumers' focus on quality versus price affects their multichannel shopping tendency and their flexibilities in their shopping lists (basket flexibility).,We surveyed a representative sample of 400 French shoppers regarding fashion apparel purchasing. We use a logistic regression framework to measure the probability of a shopper becoming a multichannel shopper based on the key constructs and a battery of control variables.,The analysis shows that, in fashion buying, shoppers focused on quality and those with high basket flexibility have a higher probability of becoming multichannel shoppers. The probability becomes even greater when a shopper is both quality oriented and has basket flexibility.,We focus on the fashion apparel market for a deeper understanding of multichannel usage of products with both experience and search features. Future research can investigate other industries for higher generalizability.,Our research provides insights into multichannel fashion companies whose managements aim to effectively manage high-value customers who tend to use more channels when shopping. Specifically, an omnichannel marketing strategy should focus on capturing the quality-oriented and highly basket-flexible segment of consumers.,Our study provides evidence that for products having high experiential as well as search features, quality-oriented and highly flexible shoppers engage more in multichannel shopping. Because these characteristics are related to the long-term value of customers, we provide the link between multichannel marketing and firm profitability in the context of the fashion industry.

Journal ArticleDOI
TL;DR: In this article, the authors studied the effects of country-level institutions on the distribution of centrality rents between two sets of actors in an interorganizational network, and found that a cohesive elite following organizational logics other than profit-maximization diverts centrality rent and induces costs on firms.
Abstract: This study explains and tests the effects of country-level institutions on the distribution of centrality rents between two sets of actors in an interorganizational network. Building on the literature on corporate elites, we propose that a cohesive elite following organizational logics other than profit-maximization diverts centrality rents and induces costs on firms, and that macro institutions act as external governance mechanisms to shape this relationship. We develop our theory in the emerging Islamic finance industry, where “Shariah scholars” connect firms and constitute a religious corporate elite. While central scholars in this network create legitimacy for firms, they also shirk and cause information leakage, suggesting a negative centrality-performance relationship for the firms. Country-level institutions such as government regulation and democracy, we argue, ameliorate these effects by influencing this religious elite’s institutional logic and restraining their actions, while institutions developed from within the industry strengthen the power of the elite. Testing our theory in a network of 367 scholars and 396 institutions over 31 countries using multi-level methods, we indeed find a negative centrality-performance relationship that is ameliorated by stronger government regulation but exacerbated by better-developed industry-specific institutions, as well as a negative relationship between democratic and regulatory institutions and centrality.

Journal ArticleDOI
TL;DR: It is found that women executives secured top executive positions faster than men, controlling for relevant individual attributes, and that the advantage of women with respect to men grew with the number of years they spent in the organization.
Abstract: Research summary We examine the advancement of women in executive roles in the ranks of the 10 highest executive positions in the Fortune 100 companies in 2001 and 2011. We find that women executives secured top executive positions faster than men, controlling for relevant individual attributes, and that the advantage of women with respect to men grew with the number of years they spent in the organization. The female advantage disappeared once companies had more than one high‐ranking female executive. We make use of several tests to assess possible unobserved differences between men and women executives, including the case–control technique from epidemiology. Our results are consistent with institutional pressures accelerating women's advancement to top executive positions, but they also reveal the limited effectiveness of such pressures. Managerial summary Employers interested in increasing the diversity of their executive ranks should pay attention not only to who is in those jobs but also how long it took them to get there. In our study, women in top jobs got there faster not just because they were better but because they moved through previous positions faster and skipped steps in job ladders. This suggests how diversity at the top can be enhanced without having to wait for more diverse cohorts in lower‐level jobs to slowly advance. The fact that faster advancement slowed once there were a few women in top jobs suggests that support for advancement was indeed a company choice, unfortunately one driven by public appearances.

Journal ArticleDOI
TL;DR: In this paper, the role of religious identity in promoting strategic renewal in privately held family firms is examined, and it is argued that such a religious identity determines family firms' spiritual capital, which influences strategic renewal activities such as conflict resolution and resource allocation.
Abstract: We examine the role of religious identity in promoting strategic renewal in privately held founder family firms. Religious identity in these firms refers to their collective sense of being that reflects their founders’ and owner family members’ espoused religious values and beliefs, thereby distinguishing themselves from others in what is central, distinct, and enduring about their organization. We propose that such a religious identity determines family firms’ spiritual capital, which influences strategic renewal activities such as conflict resolution and resource allocation. Specifically, we argue that spiritual capital can be a double-edged sword when family firms pursue strategic renewal. We discuss the implications of our work for future research.

Journal ArticleDOI
TL;DR: In this article, the authors investigate how diversified firms reallocate internal non-scale free resources when one of their product business units (BUs) experiences increased exposure to international competition driven by a sharp decrease in trade tariffs.
Abstract: Research summary This article investigates how diversified firms reallocate internal non‐scale free resources when one of their product business units (BUs) experiences increased exposure to international competition driven by a sharp decrease in trade tariffs. On average, firms tend to fight, by reallocating resources toward the BU affected by the trade shock and away from other BUs within the same firm. Two variables moderate this first‐order effect with opposite signs. The level of sunk costs of the assets allocated to the BU affected by the shock is a positive moderator of resource reallocation to it. The presence of technological synergies between the BU affected and the rest of BUs instead moderates the relationship negatively. This negative moderation seems to only take place when competition increases the value of technology as a competitive resource. Managerial summary An important question in the strategic decision‐making process of diversified firms is how to react to competitive threats that affect one business unit but not the others. Should managers allocate more resources to the affected business or should they instead reduce their commitment and use the same resources in the remaining operating sectors? In this article, we examine firms’ reallocation decisions following increases in foreign competition due to import tariff cuts. Our results show that firms tend to allocate more resources to the business affected by the tariff cut and less to the businesses unaffected. Furthermore, we find evidence that this behavior is positively associated with performance.

Journal ArticleDOI
TL;DR: In this article, the authors explored how business schools are integrating social responsibility into their management systems and analyzed the potential influence of variables such as the school's size and/or geographical area.

Journal ArticleDOI
TL;DR: In this paper, the authors investigate the effect of modular product architectures, effective customer toolkits, and flexible automation on the manufacturer's probability of survival over a four-year time horizon.

Journal ArticleDOI
TL;DR: This article examined the implications of CEOs' past and future focus for strategic change and found that CEOs who cognitively embrace both the past and the future at the same time engage more in strategic change.