Research Papers

Finance

Backdoor Bailouts: Banks Exploiting Other Banks' Government Guarantees

Eisert, Tim; Eufinger, Christian Do banks take advantage of the assumption that they may be deemed "too big to fail" or "too interconnected to fail"? Yes, says research by Christian Eufinger. What's more, this assumption adds systemic risk, as increasingly interconnected banks have learned to exploit "backdoor bailouts." Read article
Service and Operations Management

The Dangers of Payment Variability for Supply Chains

Serrano, Alejandro; Oliva, Rogelio; Kraiselburd, Santiago Today's companies are relying more heavily on trade credit, which amplifies the risk of financial contagion in a supply chain. A new model follows financial flows to explain the propagation and amplification of payment variability -- and risk -- throughout supply chains. Read article
Business Ethics and Corporate Social Responsibility

From Protest to Product: How to Reconcile a Social Movement With Business

Lee, Matthew; Ramus, Tommaso; Vaccaro, Antonino To help fight the Mafia in Sicily, a tourism business called Addiopizzo Travel was born. Addiopizzo Travel's key stakeholders -- i.e., anti-Mafia activists, tourists, tourism service providers and entrepreneurs -- don't have too much in common. But its secret to success is purposefully engaging all of them. Read article
Leadership and People Management

3 Keys to Higher Job Satisfaction at Multinationals

Cerdin, Jean-Luc; Sharma, Kushal; Liao, Yuan Given the particular stresses of international careers, predicting who will thrive in global posts is a big help. A study co-authored by IESE's Yuan Liao looks at certain self-perceptions and attitudes which have important implications for global talent management. Read article
Decision Analysis

How Not to Lose Your Head in a Bidding War

Hafenbrädl, Sebastian; Woike, Jan K. Heading into a competitive auction, you should take steps to anticipate how potential escalations could change your frame of mind. Research by Sebastian Hafenbrädl uncovers two things that improve outcomes in these adrenaline-filled circumstances. Read article
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