Journal Articles and Conference Papers

Recent Submissions

  • Hyytinen, Ari (2021-06-05)
    Several scholars have recently conceptualized entrepreneurship as a type of design activity and suggested using design as a novel mode for entrepreneurship research. This paper proposes that by augmenting the design mode of research with the problem-framing and problem-solving approaches from management and entrepreneurship, economics, organizational science and team research, we obtain a solid foundation for identifying, characterizing, framing, and even solving problems in which both entrepreneurs and scholars are interested. The more we can uncover such shared entrepreneurial problems, the more relevant the design mode of research is for entrepreneurship scholars and the more opportunities there are for engaged scholarship. We also discuss policy problems that scholars have studied and that policy-makers responsible for entrepreneurship and innovation policies face.
  • Cho, Hye-jin; Lehner, Othmar M.; Nilavongse, Rachatar (2021-01-20)
    Purpose: With the macroprudential approach, systemic risk is explained by a general equilibrium (GE) model. However, since on-balance-sheet and off-balance-sheet (OBS) risks are structurally segmented, for example annually or periodically on financial statements, the GE model might need further integration with OBS risks including ecological shocks. Design/methodology/approach: This study develops a theoretical two-period model with consumption, investment and loans, which further includes carbon emissions to distinguish between loans for “green” or “brown” firms to enhance the perspective of ecological sustainability. Findings: The paper shows how the environmental, social and governance (ESG) factors might be of relevance in the standard bank capital regulatory structure. In dealing with ecological sustainability, a new methodological framework with the green K-index introduces penalties to be paid in the capital structure related to ESG factors. The model is enhanced for screening green or brown firms related to impact investing. The integrated view of financial stability and ecological sustainability further illuminates how a wide cross-sectoral resilience of a green K-index measure for the economy might be achievable. Research limitations/implications: A stock-flow consistent model with balance-sheet methods raises the question whether all necessary variables and parameters can be computed in practice. Compared to the agent-based model (ABM), this model additionally lacks inputs from agents' behaviour, thus non-rational decisions, which may be relevant in practice. More generally, by adopting a balance-sheet structure, the model shows a coherent framework with relevant variables. The methodology of the GE model with OBS has not been scholarly explored and thus is presented for discussion rather than generalisation. The GE model with OBS provides a new interpretation of systemic risk and interbank relations with a consideration of ecological aspects. Its economic implication contributes to contemporary banking theory as well as to the sustainability discussions in the larger financial sector. Practical implications: Banks and investors can more carefully measure the ecological risks in their loan portfolios and make better informed decisions leading to a better sustainability of the financial markets. Originality/value: This study develops a theoretical GE model with off-balance-sheet risks. The model adds green regulation enhancing the capital regulation framework relevant to sustainability. This, in turn, enhances the role of banks in a coherent economic framework for loan decisions towards a much greener finance.
  • Grant, David B.; Banomyong, Ruth; Gibson, Brian J. (2021-10-04)
    This perspective paper considers the current state of retail and retail logistics and supply chain management to discuss what the future may hold for it through four important issues: changing consumer expectations, the impact of e-commerce, and the relationship with the natural environment all of which are influenced by the economic environment. These issues apply to retailing globally and have been exacerbated by events such as the global COVID-19 pandemic, and examples are provided from various retail markets to illustrate them. Retailers will need to think strategically how to adapt their business models to address these issues by recognising the needs of new consumer segments, focussing on niche service and products to avoid direct clashes with larger physical store and Internet retailers, embracing more fully opportunities in e-commerce, and ensuring their activities are sustainable economically, socially and ecologically.
  • Julagasigorn, Puthipong; Banomyong, Ruth; Grant, David B.; Varadejsatitwong, Paitoon (2021-11-17)
    Carpooling brings benefits to carpool participants and the environment and society. Literature has called for a better understanding of psychological factors encouraging people to carpool however current research does not provide an in-depth psychological understanding of carpooling behaviour. This paper provides a review of psychological factors motivating drivers and passengers to carpool and identifies psychological theories appropriate for carpooling research. The Theory of Planned Behaviour and Norm-Activation Model were used as a priori theoretical frameworks to undertake a systematic literature review to identify important factors and relevant theories. Eighteen psychological factors were identified and classified as either common for drivers and passengers or specific to each group. In addition to the a priori frameworks, Consumer Perceived Value, Social Capital, and Technology Acceptance Model are considered the most appropriate for carpooling research. A conceptual framework and six research propositions were developed. Further, eight additional directions for future research were suggested including employing a variety of data collection methods to ensure rigour; collecting more data from non-Western countries for contextual veracity; exploring and testing psychological factors more deeply; and investigating the impact of COVID-19 on carpooling decisions. This paper contributes to theory through the development of the conceptual framework and identifying research propositions and providing additional research directions. Practically, the identified factors can be considered by researchers, matching agencies, and policy-makers to better promote carpooling.
  • Tallberg, Linda; Välikangas, Liisa; Hamilton, Lindsay (2021-10-01)
    This article explores a practical approach to teaching animal ethics in food systems as part of a business course. We argue that tackling such complex and emotionally charged topics is vital to shifting unsustainable and hurtful behaviours towards more positive futures. Our teaching example outlines a pedagogy of courageously witnessing, inquiring with empathy and prompting positive action; an activist approach we term fierce compassion. These three layers blend positive and critical perspectives in a classroom to address contentious issues of large-scale industrial animal production hitherto largely neglected in a traditional business curriculum. While acknowledging that academic activism is controversial, we argue that fierce compassion – noticing the suffering that is remote and often systemically hidden – can inform and structure education towards more post-anthropocentric and just futures for all living beings – human and nonhuman alike.
  • Badia, Marc; Duro, Miguel; Jorgensen, Bjorn N.; Ormazabal, Gaizka (2020-10)
    We study the effects of mandatory disclosure on competitive interactions in the setting of oil & gas (O&G) reserve disclosures by North American public firms. We document that reserve disclosures inform competitors: when one firm announces larger increases in O&G reserves, competitors experience lower announcement returns and higher real investments. To sharpen identification, we analyze several sources of cross-sectional variation in these patterns, the degree of competition and the sign and the source of reserves changes. We also exploit two plausibly exogenous shocks: the tightening of the O&G reserve disclosure rules and the introduction of fracking technology. Additional tests more directly focused on the presence of proprietary costs confirm that the mandated reserve disclosures result in a relative loss of competitive edge for announcing firms. Our collective evidence highlights important trade-offs in the market-wide effects of disclosure regulation.
  • Hearn, Jeff (Routledge, 2021)
    #MeToo has also become a long-term, complex, expanding, transnational, and variegated phenomenon, metaphorically marked by different hues that stem from men’s violences and violations. To speak of variegation in this way is to seek to address the dynamic picture across political and spatial shifts, movements and interpretations rather than talking only of diversity or multiplicity. The chapter focuses, first, on what appears distinctive about #MeToo, by way of the metaphor of variegation, in terms of: cyberpolitics, online-/offline; celebrities and the significance of workplaces; the relations of individuals and collectivities; memory, forgetting and surprise; and shifts across sexual harassment, sexual violence, violences. The latter part of the chapter considers the implications of such variegation are for critical analysis, politics, policy and practice of men and masculinities, specifically in terms of: absence-presence; and causes-positionings-responses, that is the differing positionings of men and masculinities before, during and after violences and violations, in relation to #MeToo – before concluding comments on changing men and masculinities.
  • Hakonen, Marko; Tienari, Janne (2021)
    Vastaamme tässä artikkelissa kysymykseen siitä, miten akateemisten työntekijöiden paikkaan ja sosiaalisiin ryhmiin kiinnittyneet identiteetit rakentuvat organisaation toimintojen keskittämiseen tähtäävässä muutossa, joka on osa yliopistojen fuusiota. Tämä on monimutkainen prosessi, jota avaamme Aalto-yliopiston toimintojen keskittämisen ja Aallon kauppakorkeakoulun Etu-Töölöstä Otaniemen kampukselle tapahtuneen muuton kautta. Aikaisempi tutkimus on kuvannut paikkaidentiteetin ja sosiaalisen identiteetin yhteyksiä ja vuorovaikutusta muuttuvassa – tässä fuusioprosessin ja kampusmuuton kokeneessa – organisaatiossa varsin rajoittuneesti. Tuomme ”näköalan” käsitteen avulla esiin identiteettien kerrostumisen ulottuvuuksia muutostilanteissa. Ydinlöydöksemme on, että paikka- ja ryhmäsidonnaiset identiteetit kietoutuvat toisiinsa ja kerrostuvat monimutkaisemmin kuin aikaisempi tutkimus on esittänyt. Väitämme, että ”näköala” eli ihmisten kontekstisidonnainen henkilöhistoria auttaa ymmärtämään näitä yhteyksiä. Tämä tuo uusia ulottuvuuksia akateemisten identiteettien tutkimukseen.
  • Fellman, Johan (2021-03-29)
    Different skew models, such as the lognormal and the Pareto functions, have been proposed as suitable descriptions of income distribution. Specific distributions are usually applied in empirical investigations. It is a common opinion that the Pareto curve often provides an adequate description of higher incomes. Recently, double Pareto distributions that obey the power law in both the upper and lower tails have been suggested to reflect a general distribution of personal income. In this study, the literature concerning double Pareto models is presented and the model is applied to Finnish income data.
  • Fellman, Johan (2021-03-19)
    Analyses of income data are often based on assumptions concerning theoretical distributions. In this study, we apply statistical analyses, but ignore specific distribution models. The main income data sets considered in this study are taxable income in Finland (2009) and household income in Australia (1967-1968). Our intention is to compare statistical analyses performed without assumptions of the theoretical models with earlier results based on specific models. We have presented the central objects, probability density function, cumulative distribution function, the Lorenz curve, the derivative of the Lorenz curve, the Gini index and the Pietra index. The trapezium rule, Simpson´s rule, the regression model and the difference quotients yield comparable results for the Finnish data, but for the Australian data the differences are marked. For the Australian data, the discrepancies are caused by limited data.
  • Andreou, Panayiotis; Kagkadis, Anastasios; Fraga Martins Maio, Paulo; Philip, Dennis (2021-04-01)
    We create a market-wide measure of dispersion in options investors’ expectations by aggregating across all stocks the dispersion in trading volume across moneynesses (DISP). DISP exhibits strong negative predictive power for future market returns and its information content is not subsumed by several alternative equity premium predictors. Consistent with the implications of theoretical models that link dispersion to overpricing, the predictive power of DISP is particularly pronounced in relatively optimistic periods. Although an aggregate analysts’ forecasts dispersion (AFD) measure also performs well in optimistic periods, it delivers insignificant overall predictability. This is because in the aftermath of the 2008 financial crisis, AFD was heavily driven by pessimistic forecasts and hence its increase did not reflect a true overpricing. As a result, AFD does not appear to be a robust equity premium predictor in recent years.
  • Kienzler, Mario; Kowalkowski, Christian; Kindström, Daniel (2021-04-28)
    Purchasing professionals arguably choose a price plan that leads to the lowest costs—all else being equal—for their companies when buying services. However, evidence suggests that they prefer flat rates, even where these are more expensive than pay-per-use options. A series of four experiments showed that experienced purchasing professionals tend to exhibit a flat-rate bias in their price plan choices across different business services. The experiments also investigated moderators that intensify or attenuate this bias, which decreased when the flat-rate option was the more expensive alternative but increased with past usage, with upper bound extremes. We also found directional support that the flat-rate bias increases when the buyer-seller relationship is stronger. The experiments also revealed how insurance, convenience, taximeter, overestimation, distrust, and administration effects are related to preferences for flat rates. Beyond their contribution to the pricing literature, these results provide actionable insights for marketing managers and purchasing professionals.
  • Nansubuga, Brenda; Kowalkowski, Christian (2021-07-23)
    Purpose: Following the recent surge in research on carsharing, the paper synthesizes this growing literature to provide a comprehensive understanding of the current state of research and to identify directions for future work. Specifically, this study details implications for service theory and practice. Design/methodology/approach: Systematic selection and analysis of 279 papers from the existing literature, published between 1996 and 2020. Findings: The literature review identified four key themes: business models, drivers and barriers, customer behavior, and vehicle balancing. Practical implications: For managers, the study illuminates the importance of collaboration among stakeholders within the automotive sector for purposes of widening their customer base and maximizing utilization and profits. For policy makers, their important role in supporting carsharing take-off is highlighted with emphasis on balancing support rendered to different mobility services to promote mutual success. Originality/value: This is the first systematic multi-disciplinary literature review of carsharing. It integrates insights from transportation, environmental, and business studies, identifying gaps in the existing research and specifically suggesting implications for service research.
  • Ekman, Peter; Röndell, Jimmie G.; Anastasiadou, Elena; Kowalkowski, Christian; Raggio, Randle D.; Thompson, Steven M. (2021-08-28)
    Building on recent engagement research, this study contributes to a deepened understanding of business actor engagement (BAE) dimensions that includes both behaviors and emotions. Following a systematic combining approach, this study contextualizes and clarifies BAE. Through an analysis of dyadic data (providing firm and customers), we offer in-depth knowledge of the antecedents and types of BAE. This study identifies engagement disposition combined with engagement connectedness as the antecedents of an engagement initiative's overall BAE. Building on these dynamics, we propose a conceptual BAE framework with a set of testable propositions that links BAE with its proposed antecedents. Finally, we use the empirical and theoretical insights to derive a BAE taxonomy consisting of four types that offers guidance on how to manage customers with different engagement characteristics in practice.
  • Dziuba, Anna; Tienari, Janne; Välikangas, Liisa (2021-09-08)
    Purpose The three authors of this paper are intrigued by ideas and how they are created. The purpose of this paper is to explore idea creation and work by means of remote collaborative autoethnography. Design/methodology/approach During the COVID-19 lockdown in 2020, the authors sent texts to each other, followed up on each other's thoughts and discussed them in online meetings. They shared, analyzed and eventually theorized their lived experiences in order to understand creating ideas as social and cultural experience. Findings The authors develop the notions of “shelter” and “crutch” to make sense of the complexity of creating ideas together; theorize how emotions and identities are entangled in idea work; and discuss how time, space and power relations condition it. Originality/value The authors contribute to understanding idea work in a remote collaborative autoethnography by highlighting its emotional, identity-related and power-laden nature.
  • Harviainen, J. Tuomas; Lehtonen, Miikka J.; Kock, Sören (2021-09-30)
    Purpose This article aims to examine instances of timeliness and temporality in information sharing conducted by members of the Finnish game design community. By doing so, it provides new knowledge into the ways in which organizational information practices may take place on an individual and interpersonal level, and the ways in which timeliness impact information sharing. Design/methodology/approach The article is based on three sets of interviews, gathered in 2012–2014, 2017–2018 and 2018–2020. Findings The authors identify six themes of information sharing and show that time is strongly tied to the ways in which people in the Finnish game development industry share information outside of their own companies. Originality/value This type of information sharing has not been previously researched. This study brings forth new knowledge on how timeliness influence information sharing within creative industries.
  • Lin, Zhilu; Patel, Pankaj; Oghazi, Pejvak (2021-06-19)
    Although inventor CEOs drive firm innovation, widely recognized CEO abilities—general ability or managerial ability—could be central to leveraging CEOs’ invention abilities to drive firm innovation. Using CEO copatentors’ invention ability (defined as CEO patent coauthors’ average number of forward citations over the average number of patents) as an instrument for inventor CEOs, we study the value of CEOs’ general ability and managerial ability in enhancing the influence of inventor CEOs on firm innovation. Firms led by inventor CEOs with higher general abilities spur greater firm innovation. Surprisingly, however, firms led by inventor CEOs with a higher level of managerial ability realized lower firm innovation. Inventor CEOs with greater general abilities also translate firm innovation into better product-market outcomes and spur more firm innovation under better corporate governance. Our findings have implications for the influence of an inventor CEO on firm innovation outcomes.
  • Fougère, Martin; Solitander, Nikodemus (2019-12-23)
    Multi-stakeholder initiatives involve actors from several spheres of society (market, civil society and state) in collaborative arrangements to reach objectives typically related to sustainable development. In political CSR literature, these arrangements have been framed as improvements to transnational governance and as being somehow democratic. We draw on Mouffe’s works on agonistic pluralism to problematize the notion that consensus-led multi-stakeholder initiatives bring more democratic control on corporate power. We examine two initiatives which address two very different issue areas: the Roundtable on Sustainable Palm Oil (RSPO) and the Bangladesh Accord on Fire and Building Safety (The Accord). We map the different kinds of adversarial relations involved in connection with the issues meant to be governed by the two initiatives, and find those adversarial relations to take six main shapes, affecting the initiatives in different ways: (1) competing regulatory initiatives; (2) pressure-response relations within multi-stakeholder initiatives; (3) pressure-response relations between NGOs and states through multi-stakeholder initiatives; (4) collaboration and competition between multi-stakeholder initiatives and states; (5) pressure-response relations between civil society actors and multi-stakeholder initiatives; and (6) counter-hegemonic movements against multi-stakeholder initiatives as hegemonic projects. We conclude that multi-stakeholder initiatives cannot be democratic by themselves, and we argue that business and society researchers should not look at democracy or politics only internally to these initiatives, but rather study how issue areas are regulated through interactions between a variety of actors—both within and without the multi-stakeholder initiatives—who get to have a legitimate voice in this regulation.
  • Fougère, Martin; Solitander, Nikodemus; Maheshwari, Sanchi (2019-11-28)
    Through its focus on deep and experiential learning, service-learning (SL) has become increasingly popular within the business school curriculum. While a reciprocal dimension has been foundational to SL, the reciprocality that is emphasized in business ethics literature is often on the relationship between the service experience and the academic content, rather than reciprocal learning of the service providers (students) and the recipients (organizations and their managers), let alone other stakeholders. Drawing on the notion of enriched reciprocal learning and on Aristotle’s typology of modes of knowing, we (1) revisit reciprocal learning by illustrating what kinds of learning occur for server and served in four SL projects from a project course in CSR, and (2) emphasize the role of boundary spanners from the project organizations in making this reciprocal learning happen and translating the various types of student learning in ways that are useful for their organizations. We find that when boundary spanners are particularly engaged at making the projects impactful, they contribute to making the learning experiences of students, managers (including themselves) and sometimes other stakeholders useful, multidimensional, and ultimately rewarding.
  • Sorsa, Ville-Pekka; Fougère, Martin (2020-05-01)
    Corporate social responsibility (CSR) has been recently conceptualized and studied as a political phenomenon. Most debates in this scholarship have thus far focused on normative issues. Less attention has been paid to the explanatory potential of CSR research grounded in political theory and philosophy. In this article, we conduct a pragmatist reading of political scholarship on CSR and seek to deploy existing knowledge for research pursuing political explanation. We argue that the political ontologies that underlie scholarship on CSR can be used to transform normative and descriptive research also for explanatory uses. We show how ontologies vary in terms of potential research objects and scopes of political explanation, and argue that the main types of political-ontological stances adopted in scholarship on CSR, foundational and post-foundational stances, offer explanatory analysis of different schematic guidelines. Our pragmatist reading of previous research and an empirical case illustration of political explanation of change in corporate responsibility in the biofuel industry demonstrate the opportunities, limitations, and challenges different political-ontological commitments provide for political explanation.

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