IESE Insight - Relevant Business Knowledge

Here comes the sun

Date: 01/11/2021 Author(s): Victor Martínez de Albéniz; Abdel Belkaid Document type: Article in Journal (refereed) The weather has been identified as an important driver of demand and constitutes a major risk for retailers, especially in goods for which usage is affected by weather conditions, such as soft drinks or fashion apparel. Specifically, weather variations change the propensity to visit the point of sales, because travel cost is affected by weather conditions; ...

Sustainability-driven decision-making model

Date: 01/10/2021 Author(s): Oriol Pons; Maria del Mar Casanovas-Rubio; Jaume Armengou; Albert de la Fuente Document type: Article in Journal (refereed) Currently, foundation piles for inhabited areas are often constructed using a continuous flight auger, which is a cost- and time-efficient technology that does not require stabilization of the borehole wall; the steel bar reinforcement is embedded after the concrete has been poured. However, this reinforcement operation can lead to severe construction ...

The Demand for AI skills in the labor market

Date: 01/08/2021 Author(s): Liudmila Alekseeva; José Azar; Mireia Giné; Sampsa Samila; Bledi Taska Document type: Article in Journal (refereed) Using detailed data on skill requirements in online vacancies, we estimate the demand for AI specialists across occupations, sectors, and firms. We document a dramatic increase in the demand for AI skills over 2010-2019 in the U.S. economy across most industries and occupations. The demand is highest in IT occupations, followed by architecture and ...

Large-Sample Evidence on the Impact of Unconventional Oil and Gas Development on Surface Waters

Date: 01/08/2021 Author(s): Pietro Bonetti; Christian Leuz; Giovanna Michelon Document type: Article in Journal (refereed) The impact of unconventional oil and gas development on water quality is a major environmental concern. We built a large, geo-coded database that combines surface water measurements with horizontally drilled wells stimulated by hydraulic fracturing (HF) for several shales to examine whether temporal and spatial well variation is associated with anomalous ...

Applying Responsible Ownership to Advance SDGs and the ESG Framework, Resulting in the Issuance of Green Bonds

Date: 01/07/2021 Author(s): G. E. Jonsdottir; Throstur Olaf Sigurjonsson; Ahmad Rahnema Alavi; Jordan Mitchell Document type: Article in Journal (refereed) This study aimed to contribute to the strand of literature encompassing governance, sustainability, and stakeholder theory by addressing an inchoate element of responsible ownership: collective action by different stakeholders. Our study’s originality rests on the introduction of an ownership strategy as a governance mechanism for collective action ...

Why multibusiness corporations split

Date: 01/07/2021 Author(s): Robert A. Burgelman; Yuliya Snihur; Llewellyn D.W. Thomas Document type: Article in Journal (refereed) We investigate why CEOs of multibusiness corporations decide to engage in a corporate split that spawns multiple independent, smaller, but more adaptive, entities. Through an in-depth examination of the dynamic forces that led CEO Meg Whitman to split HP, we propose that the company’s evolving business ecosystem led to the divergence of the consumer-oriented ...

Conditioning the effect of prize on tournament self-selection

Date: 01/07/2021 Author(s): David Pastoriza; Inés Alegre; Miguel Ángel Canela Document type: Article in Journal (refereed) This study examines how past performance moderates the effect of the size of the prize on tournament self-selection. We identify two types of trajectories that play simultaneous and unique roles in moderating the influence of prize on an agent’s decision to enter a tournament: within- period trajectory, which reflects an agent’s short-term performance ...

When collusion meets the fraud triangle: a case study approach

Date: 01/07/2021 Author(s): Nuria Villaescusa; Oriol Amat Document type: Article in Journal (refereed)

The Role of Corporate Purpose in Corporate Governance

Date: 01/07/2021 Author(s): Jordi Canals Document type: Working Paper In this paper, I review the notion of corporate purpose in contemporary management theory and in corporate governance, and present a framework that can be used by boards of directors. From a rather limited presence in those academic fields, corporate purpose has emerged as an important area of interest for boards of directors and senior managers. Purpose ...

When the stars shine too bright

Date: 01/06/2021 Author(s): Christoph Schneider; Markus Weinmann; Peter N. C. Mohr; Jan vom Brocke Document type: Article in Journal (refereed) Scholars generally assume that consumer ratings reflect consumer satisfaction, but ratings can be influenced by the design of the rating system. We examine two rating designs—single-dimensional rating systems, which elicit overall ratings only, and multidimensional (MD) rating systems, which elicit both dimensional and overall ratings—and how they ...

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