Business and Economy
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Professor Meng Li | How Loss-averse Behaviour of Individuals Affects National Economic Systems
Loss aversion is a concept in behavioural economics that refers to the tendency of people to strongly prefer avoiding losses rather than acquiring equivalent gains. Put simply, individuals often feel the negative emotions of losing something more intensely than the positive emotions of gaining it. For example, if someone is given £100 and loses £50, they are likely to feel much worse than if they had simply been given £50, despite an equal net gain. These behavioural patterns mean that people make very different decisions than traditional economic theories predict.
Professor Elliot Bendoly | OUtCoMES: A New Framework to Guide Analytical Evidence-based Projects
Making the best, practical use of analysis, is often far from straightforward. Less than half of analytics projects succeed. Professor Elliot Bendoly, of the Ohio State University’s Fisher School of Business, has been working with colleagues and industry professionals to advance a modern project-management framework, the OUtCoMES Cycle, which aims to avoid these lost opportunities.
Dr Olga Golubeva | How to Use Accounting to Facilitate Sustainable Development
Since the 1980s, the three sustainability directions, including social, environmental, and economic pillars, have guided theoretical developments and policy-making efforts worldwide. Dr Olga Golubeva at Stockholm Business School, Stockholm University, explored the potential of accounting to contribute to the three pillars framework. Olga capitalises on the ability of the accounting discipline to reflect and record organisational and social surroundings.
Fiona Niebuhr | Exploring Employees’ Abilities to Adapt to Flexible Working Conditions
The world of work is continuously transforming, due to innovation and global competition. This has intensified due to the COVID-19 pandemic, which drove changes in our working lives. Many employees are now given more flexibility and autonomy to shape their own work. This can be positive for employees, as it shifts the workforce away from traditional top-down approaches, in which workers have little agency. However, it can also be a burden that is forced upon employees who have little choice but to take on this responsibility.
Professor Roger Jensen | Assessing Workplace Hazards Using Risk Matrices
Occupational safety & health is a field that assesses hazards in workplace settings. It involves anticipating hazardous events that could harm workers, estimating the likelihood that an event will occur, and devising measures to prevent or mitigate harm. In this way, safety & health professionals help to greatly reduce the risk of injuries, illnesses and deaths.
Professor Carl Maertz | How Can Companies Retain High-performing Employees? Good Data is Key!
Identifying why staff voluntarily leave their roles, and implementing strategies to decrease these departures, remains one of the most important activities for frontline managers. Past research has suggested methods to reduce turnover. However, this research has not adequately distinguished between functional turnover, which incurs lower costs for the organisation, and dysfunctional turnover, which incurs higher costs.
Professor Simon Roberts | Why African Countries Experience High Food Prices and What We Can Do About It
African countries are facing huge challenges around the availability, cost, and quality of food. These countries are import-dependent and disproportionately affected by global price hikes, while many are also undergoing rapid urbanisation which increases demand. These problems need an effective response to ensure the provision of affordable, healthy food. Professor Simon Roberts and his colleagues at the University of Johannesburg recently explored why high food prices are found in African countries, and suggest urgent solutions for addressing food scarcity, instability, and unaffordability.
Do European Citizens Accept EU and National Policies Equally?
Following the global financial crisis of 2007 and 2008, a related economic emergency known as the Euro Crisis spread throughout Europe. To counter this crisis, the EU imposed a series of austerity measures in the worst-hit countries, which fuelled outrage across Europe. However, it is unclear whether citizens were more outraged about these policies because they had been implemented by EU institutions rather than national governments. Professor Sonia Alonso and Professor Ignacio Sánchez-Cuenca recently set out to understand whether the willingness of citizens to accept unpopular policies varies depending on whether they were introduced by their national governments or by EU institutions.
Associate Professor Glen Searle | Exploring How Sydney’s Population Growth Impacts Its Governance
In recent decades, the population of urban areas worldwide has been growing exponentially. This includes Sydney, where 5 million inhabitants currently reside. Associate Professor Glen Searle at the University of Sydney recently explored how Sydney’s population growth is encouraged by national and state governments, and how it also drives important government decisions.
Professor Johann Walter | Is Market Neutrality Hindering the Sustainability of Eurozone Monetary Policies?
Professor Johann Walter of Westphalian University in Germany has carried out extensive research exploring the ways in which the Eurozone could become more sustainable. He argues that market neutrality should not be a key focus of the European Central Bank’s monetary policies.
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