[article-cris] Kauppakorkeakoulu / BIZ

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    Työolot – kadotettu avain pidempään työuraan?
    (2020) Böckerman, Petri; Ilmakunnas, Pekka; Taloustieteen laitos; University of Jyväskylä
    Artikkelissa tarkastellaan koettujen työolojen ja johtamisen merkitystä eläkkeelle siirtymiseen. Työntekijöiden kokema työn vaarallisuus ja siihen liittyvät haitat sekä [...] alentavat ikääntyneiden työntekijöiden työtyytyväisyyttä. Tämä puolestaan aikaistaa lisääntyneiden eläkeaikomusten välityksellä havaittua eläkkeelle siirtymistä. Toisaalta uusilla johtamiskäytännöillä on päinvastainen vaikutus. Ne myöhentävät eläkkeelle siirtymistä. Tulokset perustuvat tutkimukseen, joka käyttää Tilastokeskuksen työolotutkimuksen työoloja kuvaavien muuttujien lisäksi Tilastokeskuksen ja Eläketurvakeskuksen rekisteriaineistoihin perustuvia seurantatietoja henkilöiden työmarkkina-aseman todellisista muutoksista.
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    In Memoriam. Fedi Vaivio: professori, kansleri ja herrasmies
    (Taloustieteellinen Yhdistys, 2021) Ilmakunnas, Pekka; Korpela, Asko; Aatto, Prihti; Wallenius, Jyrki; Taloustieteen laitos; Tieto- ja palvelujohtamisen laitos; Helsingin kauppakorkeakoulu
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    Does High Involvement Management Make You Work Longer? : Insights from Linked Survey and Register Data
    (2024-02) Böckerman, Petri; Bryson, Alex; Ilmakunnas, Ilari; Ilmakunnas, Pekka; Department of Economics; University of Jyväskylä; University College London; Eläketurvakeskus
    The management practices employers deploy may affect the utility workers derive from their jobs, potentially affecting the types of jobs they enter and also their propensity to exit the workforce. Ours is the first paper to assess whether employers' use of high involvement management (HIM) practices may influence workers' retirement intentions. Using linked survey and register data to analyze different combinations of HIM, we find that information sharing and employer-provided training lead to intentions to retire later among those who are close to the official retirement age in Finland.
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    Työhyvinvoinnin tuottavuusvaikutukset tutkimuksen valossa
    (2022) Eskelinen, Juha; Ilmakunnas, Pekka; Kuula, Markku; Taloustieteen laitos; Tieto- ja palvelujohtamisen laitos
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    Työhyvinvointi kannattaa : Työolot, työtyytyväisyys ja tuottavuus
    (2020) Ilmakunnas, Pekka; Böckerman, Petri; Taloustieteen laitos; University of Jyväskylä
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    From dust to buzz: Reconfiguring space for organization-creation
    (SAGE Publications, 2024-02-05) Kuismin, Ari; Wickström, Alice; Hietanen, Joel; Katila, Saija; Department of Management Studies
    In this paper, we examine the relationship between space and entrepreneurship, understood as organization-creation, by drawing on Deleuze and Guattari’s spatial theorizing. Building on an ethnographic study of the Nordic Start-Up Incubator, we focus on the ongoing material, discursive, and affective reconfiguration of space to promote entrepreneurial ‘buzz’. We show how emancipatory promises (smoothings) are entangled with a logic of enterprise (striations), and how this ambiguity is enacted (folds) as organization-creation emerges spatially. This allows us to problematize the distinction often made between entrepreneurial spaces of emancipation and managerial spaces of control and to consider how they may co-constitute each other through subtle twists and turns. We conclude by discussing this multiplicity and ambiguity with regard to the politics of entrepreneurial spaces
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    Entrepreneurial Responsibility : A Conceptual Framework to Understand Ethical Dualism Throughout the Entrepreneurial Process
    (SAGE Publications, 2024-02-02) Hägg, Gustav; Haataja, Vera; Kurczewska, Agnieszka; McKelvie, Alexander; Department of Management Studies; School Common, BIZ; Malmö University; Syracuse University; University of Łódź
    Entrepreneurs have been promoted as a main engine of progress. However, recent scandals and questionable behavior have led to increased discussion of entrepreneurs’ ethics. The purpose of this paper is to conceptualize entrepreneurial responsibility throughout the entrepreneurial process from an ethical viewpoint. We model entrepreneurial responsibility based on normative ethics (deontology and teleology), enabling us to better understand entrepreneurs’ active and conscious responses to their ethical duties and the consequences thereof. Our theorizing opens new avenues for scholarly research related to the ethical nature of opportunities, the interconnection of entrepreneurial intentions and outcomes from a moral perspective, and potential societal impact.
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    ESG and CEO turnover around the world
    (Elsevier Science B.V., 2024-02) Colak, Gonul; Korkeamäki, Timo; Meyer, Niclas; School Services, BIZ; University of Sussex; Hanken School of Economics
    We investigate whether CEOs around the world are held accountable for stakeholder-related corporate misbehavior. The likelihood of CEO turnover increases significantly when the media coverage of the ESG incidents reaches extreme levels. CEO turnovers occur even in the cases where an incident does not lead to a stock price decline. In such cases, the board likely has a non-pecuniary motive for the turnover. This suggests that such non-pecuniary reputational concerns are an important determinant of CEO turnover decisions around the world, especially when the firm is facing intense public pressure due to stakeholder-related corporate misbehavior. This effect is more pronounced when firms are headquartered in stakeholder-oriented countries like many European countries.
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    Doing inclusion as counter-conduct: Navigating the paradoxes of organizing for refugee and migrant inclusion
    (SAGE Publications, 2024-03) Kangas-Muller, Laura; Eräranta, Kirsi; Moisander, Johanna; Department of Management Studies; School Common, BIZ
    Are organizational projects for refugee and migrant inclusion always trapped with the logic of exclusion and inequality that they seek to dismantle? Existing literature on critical diversity and inclusion studies has demonstrated how the “doing” of inclusion in organizations tends to come with paradoxical effects: well-intended efforts to include migrants and refugees construct them as vulnerable, non-autonomous subjects who need help, within a hierarchical order that is taken for granted. Based on ethnographic fieldwork, this article explores how three civil society organizations (CSOs) navigate these paradoxical effects and the unduly constraining power relations involved through practices that we theorize as counter-conduct against the pastoral government of a national refugee and migrant integration regime. The analysis identifies three practices of counter-conduct through which organizations “do inclusion differently”: contesting constraining categorizations, problematizing hierarchical power relations, and questioning the assimilationist goals and principles of the integration regime. We argue that through continuous critique and renegotiation of the ways in which boundaries of inclusion/exclusion are drawn within the integration regime, organizations work toward conditions in which power relations remain fluid and allow for strategies to alter them.
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    Identifying accounting conservatism in the presence of skewness
    (Springer, 2024-02) Jarva, Henry; Lof, Matthijs; Hanken School of Economics; Department of Finance; Department of Finance
    The asymmetric timeliness (AT) coefficient as a measure of accounting conservatism has been subject to much debate. We clarify the conditions under which the AT coefficient identifies accounting conservatism in the presence of skewness. Specifically, using an extensive simulation-based approach, we examine the joint impact of return skewness, earnings skewness, and return endogeneity. We show that skewness of returns and earnings distorts the AT coefficient as a measure of conservatism when returns are endogenous. While earnings skewness is a predicted consequence of conditional conservatism, return skewness is arguably unrelated to conservative reporting and cannot be tackled by simple skew reducing transformations or outlier-robust estimators. Empirically, we analyze AT and skewness of firms sorted on size and MTB, highlighting the importance of constant skewness across groups for accurate comparisons of accounting conservatism.
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    Networks of internationalizing digital platforms in physical place and digital space
    (John Wiley & Sons, 2023-11) Galkina, Tamara; Atkova, Irina; Ciulli, Francesca; Department of Management Studies; University of Oulu; Tilburg University; Department of Management Studies
    Research Summary: The existing literature provides contradictory evidence on how digital platform firms establish network relations for internationalization. Some studies argue that they all but obviate the need for traditional relations in physical places. Others argue that these firms can suffer from overreliance on online interactions in digital space. We examine the coexistence of the network relations of international digital platform firms in physical place and digital space. Our multiple-case study identifies three coexistence mechanisms: reinforcement, separation, and simulation. These mechanisms are conditioned by three respective modes of bordering between physical place and digital space: soldering, interosculation, and division. We contribute to the network approach to internationalization and formulate implications for the concepts of location and borders in international business. Managerial Summary: International digital platform firms establish traditional network relations in physical places and rely heavily on online interactions in digital space. However, how do they combine their networking activities in these two localities? We examine the coexistence of the network relations of international digital platform firms in physical place and digital space and identify three coexistence mechanisms: reinforcement, separation, and simulation. These mechanisms are conditioned by three respective modes of bordering between physical place and digital space: soldering, interosculation, and division. We show that international platform companies, despite being digital in nature, are well advised to pay attention to not only digital but also actual physical networking, and that they come to see these as mutually nurturing.
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    Direct Lending Returns
    (CFA Institute, 2024) Suhonen, Antti; Department of Finance; Department of Finance
    I examine the performance of US business development companies (“BDC”). BDCs have produced returns in line with those of private funds engaged in direct lending. Leveraged loan and small-cap value equity returns explain a significant part of BDC performance, and the alpha of BDCs is zero on a market-value basis but a statistically significant 2.74% per annum based on net asset value (NAV) valuations. I find no evidence of an illiquidity premium, which suggests that the alpha could result from regulatory arbitrage or a peso problem. Cross-sectional BDC returns are widely dispersed and exhibit strong persistence in top- and bottom-quartile manager performance.
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    Confessions of an Antinatalist Philosopher
    (Cambridge University Press, 2024-01-02) Häyry, Matti; Department of Management Studies; Department of Management Studies
    Antinatalism assigns reproduction a negative value. There should be fewer or no births. Those who say that there should be fewer births have been called conditional antinatalists. A better name for their view would be selective pronatalism. Those who say that there should be no births face two challenges. They must define the scope of their no-birth policy. Does it apply only to human or sentient beings or can it also be extended to all organic life, perhaps even to machine consciousness? And whatever the scope, they have to justify the eventual extinction of humankind or other life forms, an inevitable consequence of unconditional antinatalism. Different axiologies and moral theories produce different responses to these challenges. It is argued that a two-value conflict-sensitive negative utilitarianism would produce a kind and reasonable justification for ending at least human and factory-animal reproduction. The conclusion is purely moral and supports only voluntary extinction for humankind.
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    If You Must Give Them a Gift, Then Give Them the Gift of Nonexistence
    (Cambridge University Press, 2024-01) Häyry, Matti; Department of Management Studies; Department of Management Studies
    I present a qualified new defense of antinatalism. It is intended to empower potential parents who worry about their possible children’s life quality in a world threatened by environmental degradation, climate change, and the like. The main elements of the defense are an understanding of antinatalism’s historical nature and contemporary varieties, a positional theory of value based on Epicurean hedonism and Schopenhauerian pessimism, and a sensitive guide for reproductive decision-making in the light of different views on life’s value and risk-taking. My conclusion, main message, to the concerned would-be parents is threefold. If they believe that life’s ordinary frustrations can make it not worth living, they should not have children. If they believe that a noticeably low life quality makes it not worth living and that such life quality can be reasonably expected, they should not have children, either. If they believe that a noticeably low life quality is not reasonably to be expected or that the risk is worth taking, they can, in the light of their own values and beliefs, have children. The conclusion is supported by a combination of the extant arguments for reproductive abstinence, namely the arguments from consent, moral asymmetry, life quality, and risk.
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    Regulating women's pay in Finland and the UK - the role of the public sector
    (2023-05-26) Conley, Hazel; Koskinen Sandberg, Paula; Department of Management Studies; Department of Management Studies; Conley, Hazel; Koskinen Sandberg, Paula
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    Liminality and developmental process of learning advantage of newness of early internationalizing firms
    (Elsevier Science B.V., 2023-12) Appiah, Emmanuel Kusi; Galkina, Tamara; Gabrielsson, Peter; University of Vaasa; Department of Management Studies; Department of Management Studies
    Extant internationalization studies have devoted limited attention to the dynamics of the learning advantage of newness (LAN), which we, in response, investigate through the process approach and the novel lens of the concept of liminality. We conduct a longitudinal multiple-case study of five Finnish internationalizing firms. We inductively derive a process model that shows how the underlying liminal factors, such as international opportunity scaffolding activities, learning from communitas, and rituals, contribute to the development of learning advantage of newness. Originating in anthropology, the liminality perspective offers a novel perspective on LAN of early internationalizing firms. We also provide directions for future research and recommendations for practitioners.
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    Introduction to the Handbook on Gender and Public Sector Employment
    (2023-05-26) Conley, Hazel; Koskinen Sandberg, Paula; Department of Management Studies; Department of Management Studies; Conley, Hazel; Koskinen Sandberg, Paula
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    Degrowth and the circular economy: Reflecting on the depth of business circularity
    (Elsevier Science Ltd., 2023-08-15) Nesterova, Iana; Buch-Hansen, Hubert; Department of Management Studies; Roskilde University; Department of Management Studies
    Discussions about the circular economy have taken place in parallel with, but largely independently of, discussions about degrowth. The present paper brings into dialogue the two fields by contemplating what circularity in business could entail in the context of transformations towards degrowth societies. To this end, the paper relates to a recent, holistic reconceptualisation which views degrowth transformations in terms of both less and more on four planes of social being: material transactions with nature, social interactions between people, social structures and people's inner being. These planes signify depth of social being. The paper looks at business through the lens of this reconceptualisation before zooming in on circularity as an important manifestation of a sustainability practice in business. We argue that, in the context of degrowth, implementation of circularity as a principle and a practice should be deep. Relating circularity to each plane of social being, we focus particularly on the plane of people's inner being, the reason being that our mode of relating with the world would need to be significantly different to what it currently is, if deep circularity practices are to become more widespread.
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    MNE–civil society interactions: a systematic review and research agenda
    (Palgrave Macmillan, 2023-11-23) Bruijn, Kayleigh; Georgallis, Panikos; Albino-Pimentel, João; Kourula, Arno; Teegen, Hildy; University of Amsterdam; University of South Carolina; School Services, BIZ
    Multinational enterprises (MNEs) and civil society (CS) interact in many ways across countries, with significant implications for these actors and for broader society. We review 166 studies of MNE–CS interactions in international business, general management, business and society, political science, sociology, and specialized non-profit journals over three decades. We synthesize this large and fragmented literature to characterize the nature (cooperation or conflict) and context (geography, industry, and issue) of MNE–CS interactions and uncover their antecedents, outcomes, and moderators. Our review reveals important blind spots in our understanding of the antecedents and outcomes of MNE–CS interactions and uncovers substantial discrepancy between the contexts of real-world MNE–CS interactions and the contexts examined in the literature. We propose actionable recommendations to (i) better indicate and expand the contexts where MNE–CS interactions are studied; (ii) enrich understanding of the antecedents of MNE–CS interactions by leveraging institutional and cultural perspectives; (iii) reorient research on the outcomes of MNE–CS interactions by examining the temporal dynamics of MNE learning and legitimacy, and (iv) emphasize societal relevance as reflected, for example, in green capabilities and moral markets. We hope this review will inspire new inter-disciplinary perspectives on MNE–CS interactions and inform research addressing urgent societal challenges.
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    Life events as an approach for service ecosystem design: lessons learned from the Finnish public services
    (Linköping University, 2023-11-28) Solsona Caba, Nuria; Turunen, Taija; Department of Design; Department of Management Studies
    Life event services have emerged worldwide as an approach for designing public services by addressing significant transitions in life and building an ecosystem around them. We study this approach as an opportunity to engage the ecosystem in a novel manner. Empirically, we investigated three digital public service cases in Finland that leverage the life events approach. Life transitions make gaps between systems visible to the large and complex network of value-creators. Life events is a unifying term for public administrations, cross-sector organisations, and communities involved as providers. Whilst this approach uncovers an underserved set of actors and situational motivations, it provides the service ecosystem with a shared purpose. Our analysis establishes four demands for designing service ecosystems around life transitions: semantic interoperability, ecosystem governance, segmentation model and purpose-driven approach.