Displaying expected values in risk elicitation tasks: the effect of information in experimental risk research

We investigate the influence of providing expected lottery results to experiment participants in two common risk attitude elicitation tasks. In a between-subject design, either the Holt and Laury task or the Eckel and Grossman task is carried out by a sample of 208 students. We find no significant effect of shown expected values on the risk attitude measured by the tasks. This result even holds true if we divide the experiment participants into specific sub-groups, i.e. female and male, or lower numeracy and higher numeracy participants. Furthermore, comprehension and processing time are not significantly influenced by presented expected values. Therefore, we conclude that providing information on expected values does not influence decision-making in tasks involving risk. This result indicates the robustness of elicited risk attitudes to variation in common experimental methods, and demonstrates that more information could be provided without creating bias in the results.     

Environmentally Important Inter sectoral Flows: Insights from Main Contributions Identification and Minimal Flow Analysis

For the analysis of economic interdependences form an environmental perspective, a condensation of the information contained in input–output (IO) tables is desirable, but without much loss of the quantitative dimension. For the case of total energy requirements, main contributions identification is presented as an approach that allows a partitioning of total energy requirements by production layers and (final) energy-consuming sectors. For this purpose, a mixed monetary-energy IO model and a partitioning procedure are used. In addition, minimal flow analysis as a graphical method is used to detect importnant energetic interconnections. Environmentally Important Intersectoral Flows     

Verbesserte Institutionen für den Arbeitsmarkt in der Wirtschaftskrise

Bis in die 90er Jahre war der deutsche Arbeitsmarkt dadurch charakterisiert, dass ein Aufschwung den Bestand der Arbeitslosigkeit kaum beeinfl usste, eine Rezession hingegen schon. Seit fünf Jahren gilt das Umgekehrte: der Aufschwung schl?gt auf die Entwicklung der Arbeitslosigkeit durch, die Rezession hingegen kaum. Offenbar pr?gen l?nger dauernde Anpassungsprozesse über Konjunkturzyklen hinweg die Arbeitsmarktentwicklung.     

Environmental Impact Assessments from a Business Perspective: Extending Knowledge and Guiding Business Practice

Economic growth and development remain embedded in the very core of our current international economic system and the so called “material economy”. However, depleting natural resources and environmental degradation, which now threaten the well-being of future generations, has challenged this premise, and placed sustainable development as a necessary objective of business activity and expansion. Environmental impact assessments (EIAs) have emerged as a key tool for governments, businesses, and NGOs to manage the negative impact of their activities on the environment. Businesses in particular play a key role in averting or mitigating current environmental trends given that the economic growth they have stimulated has serious consequences for both the environment and social well-being. However, research on the use of EIAs has been conducted mostly from a governmental perspective producing a clear gap between research development and business (corporate) practice. To bridge this gap in knowledge, we develop a new EIA process tailored to real world business constraints and provide a range of propositions which we hope will stimulate future research efforts toward understanding and guiding how businesses integrate environmental issues into their decision-making processes.     

Is tourism employment a sufficient mechanism for poverty reduction? A case study from Nkhata Bay,Malawi

Extensive attention has been paid to the magnitude and distribution of economic benefits derived from tourism employment by impoverished populations. However, less is known about how economic benefits, such as increased income, relate to poverty conditions at the intra-household level, particularly within the unique contexts of least developed countries. In this paper, we examine the relationship of tourism employment to poverty conditions in a lakeshore community in Malawi. First, we quantitatively compare employment and poverty conditions among the households of tourism employees with those of employees of non-tourism sectors. Secondly, we undertake a qualitative investigation into lodge employment, and its remuneration and fringe benefits from the perspectives of lodge owners and employees. Our findings of the former analysis reveal that while employees of the tourism sector experienced better working and monetary conditions, this group did not exhibit an improved status in other poverty conditions. The latter qualitative analysis shows that most tourism lodge owners adhered to labour standards of minimum wage, and voluntarily offered fringe benefits such as paying medical, funeral, and education expenses of lodge employees. However, despite this adherence to labour standards, there is little evidence that lodge employees and their households experience an improvement in poverty conditions.     

Enhancing student engagement in large management accounting lectures

The education literature suggests a student-focused teaching strategy to improve students’ engagement in a lecture. However, in traditional accounting lectures students take the role of passive and anonymous recipients of knowledge. This paper reports on two cycles of an action research project, developing and refining a blended learning model, with the purpose of enhancing students’ engagement in the lectures of a large management accounting course. Results of our study find that engagement was enhanced with the implementation of this model. This study contributes to the accounting education literature through reporting evidence from action research and the effective implementation of a blended learning model that accounting educators can use.     

Die Entwicklung sozialer Ungleichheit und ihre politischen Implikationen in den USA

Wirtschaftsdienst - Donald Trump won in 2016 because of the building despair that began under Ronald Reagan’s presidency. Economic dislocations played a crucial role in convincing voters in...     

You Don't Have to be German to be a "Hidden Champion"

The "hidden champions" among Germany's medium-sized companies are becoming a by-word for students of management. But do hidden champions exist outside Germany? What management processes distinguish them from other companies? And are there lessons from their success for other companies? This article, extracted from the author's forthcoming book, summarises his answers to these questions.