2010 ESMT R&D Report · The School’s Center for Leadership Development Research (CLDR) continued...

Business Brief — Consolidation Index: Critical Success Factors for Industry Consolidation 1

February 14, 2011

2010 R&D Annual Report Catalina Stefanescu-Cuntze, Director of Research

with the assistance of Christopher Xitco, Faculty Resources.

2 ESMT Report

2010 R&D Annual Report

Copyright 2011 by ESMT European School of Management and Technology GmbH, Berlin, Germany,

www.esmt.org.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, used

in a spreadsheet, or transmitted in any form or by any means - electronic, mechanical, photocopy,

recording, or otherwise - without the permission of ESMT.

Citation:

Catalina Stefanescu-Cuntze; 2010 ESMT R&D Annual Report; ESMT European

School of Management and Technology, 2011.

ESMT Report 3


Foreword In accordance with the School’s mission, the role of research at ESMT is to

develop and disseminate new knowledge, to foster sustainable economic

growth, and to help business leaders succeed globally, and act responsibly.

In particular, ESMT’s research efforts aim at having a significant impact at the

highest academic level. In this respect ESMT faculty members produced in 2010

18 peer–reviewed articles in the most influential academic journals.

Furthermore, more than 46 research seminars took place at ESMT in 2010.

Speakers came from some of the most prestigious international institutions (MIT,

Stanford University, Columbia University, London School of Economics, etc.),

attesting to ESMT’s increasing reputation on the international scene.

The School’s Center for Leadership Development Research (CLDR) continued to

grow, holding its second coaching colloquium in December and co-organizing the

3rd International Coaching Research Forum together with the Institute of

Coaching at Harvard.

Once again ESMT was active in the Berlin Doctoral Program in Economics &

Management Science (BDPEMS) and increased its participation by delivering six

courses in Behavioral Economics, Management and Marketing Sciences, and

Statistics, which were held at ESMT. This increase in participation is primarily due

to the fact that ESMT appointed Paul Heidhues, who holds the Lufthansa Chair in

Competition and Regulation, as ESMT’s Director of PhD Studies.

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Contents

1. Publications 7

1.1 Peer-reviewed articles 7

1.2 Books 9

1.3 Book chapters 10

1.4 ESMT Working Papers 11

1.5 Non–ESMT working papers 12

1.6 ESMT White Papers 13

1.7 ESMT Business Briefs 13

1.8 ESMT Case Studies 13

1.9 Non-ESMT case studies 15

1.10 Other publications 15

2. Grants 17

2.1 Peter Curtius Foundation 17

2.2 DFG – Deutsche Forschungsgemeinschaft (German Research Foundation) 19

2.3 Fonds National de la Recherche Luxembourg 19

2.4 Market Model Electric Mobility (MMEM): Cars and Infrastructure 19

3. Funding 21

3.1 Research assistants 21

4. PhD program 23

4.1 ESMT and the Berlin Doctoral Program in Economics & Management Science

(BDPEMS) 23

4.2 ESMT PhD Fellowship 24

4.3 Friends and Supporters of ESMT Association 24

5. Center for Leadership Development Research (CLDR) 25

5.1 Review of CLDR’s activities 25

5.2 Events 27

5.3 Refereed professional development workshops for the academic community 30

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6. Chairs at ESMT 31

7. ESMT Research Lab 32

8. Seminars and workshops 34

8.1 Faculty Research Seminar and academic presentations 34

8.2 Finance Brown Bag Seminar 37

8.3 Midsummer Night’s Dream Marketing Camp 38

8.4 IO (Industrial Organization) Workshop 38

8.5 Open Lectures 39

8.6 Climate Lunch 40

9. Invited seminars and conference presentations 43

10. Editorial activities 49

11. Research visits 51

12. Non-English publications 53

12.1 Books 53

12.2 Book chapters 53

12.3 Other publications 53

About ESMT 59

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1. Publications

1.1 Peer-reviewed articles

In August 2010 ESMT activated a publications database, which is

designed to house all faculty publications, including output

produced prior to joining ESMT.

Beck, J., M. Grajek, and C. Wey

Estimating level effects in diffusion of a new technology:

Barcode scanning at the checkout counter.

Forthcoming in Applied Economics.

Bhattacharya, C. B., S. Sen, and D. Hildebrand

Corporate social responsibility: A corporate marketing

perspective.

Forthcoming in European Journal of Marketing.

Bidault, F., M. Lüth, and O. Plötner

A framework for monitoring relational quality in B2B

technology partnerships.

Forthcoming in Business Management Review/Revue Management

des Organisations.

Dufwenberg, M., P. Heidhues, G. Kirchsteiger, F. Riedel, and J.

Sobel

Other-regarding preferences in general equilibrium.

Forthcoming in The Review of Economic Studies.

In 2010 ESMT’s faculty

members published:

18 Peer–reviewed articles

8 Books*

8 Book chapters*

11 ESMT Working Papers

(4 non-ESMT)

2 ESMT White Papers

3 ESMT Business Brief

10 ESMT Case Studies

(1 non-ESMT)

*These totals include non–

English publications.

8 ESMT Report


Fecht, F., K. Nyborg, and J. Rocholl

The price of liquidity: The effects of market conditions and bank

characteristics.

Forthcoming in Journal of Financial Economics.

Korotov, K., S. Khapova, and M. Arthur

Career entrepreneurship.

Forthcoming in Organizational Dynamics.

Puri, M., J. Rocholl, and S. Steffen

Global retail lending in the aftermath of the US financial crisis: Distinguishing

between supply and demand effects.

Forthcoming in Journal of Financial Economics.

Banal-Estanol A., P. Heidhues, R. Nitsche, and J. Seldeslachts

Screening and merger activity.

Journal of Industrial Economics 58(4): 794–817.

Bhattacharya, C. B.

Introduction to the special section on stakeholder marketing.

Journal of Public Policy and Marketing 29(1): 1–3.

Bhattacharya, C. B., N. Smith, and G. Palazzo

Marketings consequences: Stakeholder marketing and supply chain CSR issues.

Business Ethics Quarterly 20(4): 617–641.

Bidault, F., and A. Castello

Why too much trust is death to innovation.

MIT Sloan Management Review 51(4): 1–6.

Du, S., C. B. Bhattacharya, and S. Sen

Maximizing business returns to corporate social responsibility: The role of

corporate social responsibility communication.

International Journal of Management Reviews 12(1): 8–19.

Friederiszick, H., and L.-H. Röller

Quantification of harm in damages actions for antitrust infringements: Insights

from German cartel cases.

Journal of Competition Law and Economics 6(3): 595–618.

http://dx.doi.org/10.1111/j.1467-6451.2010.00438.x

http://dx.doi.org/10.1509/jppm.29.1.1

http://dx.doi.org/10.1111/j.1468-2370.2009.00276.x

http://dx.doi.org/10.1111/j.1468-2370.2009.00276.x

http://dx.doi.org/10.1093/joclec/nhq008

http://dx.doi.org/10.1093/joclec/nhq008

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Grajek, M.

Estimating network effects and compatibility: Evidence from the Polish

mobile market.

Information Economics and Policy 22(2, May): 130–143.

Guillén, L., L. Coromina, and W. Saris.

Measurement of social participation and its place in social capital theory.

Social Indicators Research 110: 331-350.

Heidhues, P., and B. Kőszegi

Exploiting naiveté about self-control in the credit market.

American Economic Review 100(5): 2279–2303.

Hsu, H.-C., A. Reed, and J. Rocholl

The new game in town: Competitive effects of IPOs.

Journal of Finance 65(2): 495–528.

Morewedge, C., D. Gilbert, K. Myrseth, K. Kassam, and T. Wilson

Consuming experience: Why affective forecasters overestimate comparative

value.

Journal of Experimental Social Psychology 46(6): 986–992.

1.2 Books

Bhattacharya, C. B., S. Sen, and D. Korschun

Leveraging corporate responsibility: The stakeholder route to maximizing

business and social value.

Cambridge: Cambridge University Press,

Forthcoming.

Korotov, K., M. Kets de Vries, A. Bernhardt, and E. Florent-Treacy

Tricky coaching: Difficult cases in leadership coaching.

New York: Palgrave McMillan,

Forthcoming.

Anderson, J., J. Reckhenrich, and M. Kupp

The fine art of success: How learning great art can create great business.

London: Wiley.

http://dx.doi.org/10.1016/j.infoecopol.2009.07.002

http://dx.doi.org/10.1016/j.infoecopol.2009.07.002

http://dx.doi.org/10.1007/s11205-010-9631-6

http://dx.doi.org/10.1257/aer.100.5.2279

http://dx.doi.org/10.1111/j.1540-6261.2009.01542.x

http://dx.doi.org/10.1016/j.jesp.2010.07.010

http://dx.doi.org/10.1016/j.jesp.2010.07.010

http://www.esmt.org/en/263677



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Besley, T., and R. Jayaraman

Institutional microeconomics of development.

CES ifo Seminar Series, Cambridge: MIT Press.

Kets de Vries, M., L. Guillén, K. Korotov, and E. Florent-Treacy

The coaching kaleidoscope: Insights from the inside.

New York: Palgrave.

Korotov, K., and K. McCourt

A companion to the ESMT Leadership Laboratory.

New York: McGraw-Hill Custom Publishing.

Smith, N., C. B. Bhattacharya, D. Vogel, and D. Levine

Global challenges in responsible business.

Cambridge: Cambridge University Press.

1.3 Book chapters

Kets de Vries, M., and K. Korotov

Transformational leadership development programs: Creating long-term

sustainable change.

In SAGE handbook on teaching leadership, ed. S. Snook, N. Nohria, and R.

Khurana. London: Sage.

Forthcoming.

Anderson, J., and M. Kupp

Serving the poor: Innovative business models at the bottom of the pyramid.

In Contemporary microenterprise: Concepts and cases, ed. J. Mark, and S.

Munoz, 129–139. Cheltenham, UK: Edward Elgar.

Bidault, F., and A. Castello

Sitting pretty: Managing customer-driven innovation at Faurecia car seating.

In Strategic marketing: Creating competitive advantage, 2nd ed., ed. D. West, J.

Ford, and E. Ibrahim, 535–556. Oxford: Oxford University Press.

Fishbach, A., and K. Myrseth

The dieter’s dilemma: Identifying when and how to control consumption.

In Obesity prevention: The role of society and brain on individual behavior, ed.

L. Dube, A. Bechara, A. Dagher, A. Drewnowski, J. LeBel, P. James, and R. Yada,

353–363. London: Elsevier.




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Ibarra, H., S. Snook, and L. Guillén Ramo

Identity-based leader development.

In Handbook of leadership theory and practice: A Harvard Business School

centennial colloquium, ed. N. Nohria and R. Khurana, 657–678. Boston: Harvard

Business School Press.

Korotov, K.

Executive coaches in organizations: Insiders from outside.

In Talent management of knowledge workers: Embracing the non-traditional

workforce, ed. V. Vaiman, 180–196. London: Palgrave Macmillan.

Korotov, K., and M. Kets de Vries

Fast times, fast development? Coping with the challenge of accelerated

leadership development.

In The 2010 Pfeiffer annual: Leadership development, ed. D. Dotlich, P. Cairo, S.

Rhinesmith, R. Meeks, and O. Wyman, 107–118. San Francisco: Pfeiffer.

1.4 ESMT Working Papers

Friederiszick, H., and L.–H. Röller

Quantification of harm in damages actions for antitrust infringements:

Insights from German cartel cases.

ESMT No. 10–001.

Published in Journal of Competition Law and Economics 6(3): 595–618.

Banerjee, S., and L. Wathieu

Marketing social responsibility.

ESMT No. 10–002.

Martinsson, P., K. Myrseth, and C. Wollbrant

Reconciling pro-social vs. selfish behavior: Evidence for the role of self-

control.

ESMT No. 10–003 (R1).

Martinsson, P., K. Myrseth, and C. Wollbrant

Conditional cooperation: Evidence for the role of self-control.

ESMT No. 10–004.

Bedre-Defolie, Ö., and E. Calvano

Pricing payment cards.

ESMT No. 10–005.








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Du, S., C. B. Bhattacharya, and S. Sen

Corporate social responsibility and competitive advantage: Overcoming the

trust barrier.

ESMT No. 10–006.

Heidhues, P., and N. Melissas

Technology adoption, social learning, and economic policy.

ESMT No. 10–007.

Heidhues, P., and B. Kőszegi

Regular prices and sales.

ESMT No. 10–008.

Grajek, M., and T. Kretschmer

Estimating critical mass in the global cellular telephony market.

ESMT No. 08–004 (R1).

Wakeman, S.

Profiting from technological capabilities: Technology commercialization

strategy in a dynamic context.

ESMT No. 08–008 (R2).

Korotov, K., S. Khapova, and M. Arthur

Career entrepreneurship.

ESMT No. 08–009 (R1).

Forthcoming in Organizational Dynamics.

1.5 Non–ESMT working papers

Bhattacharya, C. B., N. Smith, and G. Palazzo

Marketing’s consequences: Stakeholder marketing and supply chain CSR

issues.

INSEAD No. 2010/17/ISIC.

Forthcoming in Business Ethics Quarterly.


Transformational leadership development programs: Creating long-term

sustainable change.

INSEAD No. 2010/75/EFE/IGLC.


Developing leaders and leadership development.

INSEAD No. 2010/77/EFE/IGLC.














ESMT Report 13


Plötner, O., J. Lakotta, and F. Jacob

Differentiating market offerings using complexity and co-creation:

Implications for customer decision-making uncertainty.

ESCP Europe Working Paper No. 53, May 2010.

1.6 ESMT White Papers

Nitsche, R., A. Ockenfels, L.-H. Röller, and L. Wiethaus

The electricity wholesale sector: Market integration and competition.

ESMT No. WP–110–01

Nitsche, R., and L. Wiethaus

NGA: Access regulation, investment and welfare. A model based comparative

analysis.

ESMT No. WP–110–02.

1.7 ESMT Business Briefs

Fremerey, F., and J. Hagen

European banks: The way forward toward resilient business models.

ESMT No. BB–110–001.

Korotov, K., A. Bernhardt, and K. McCourt

Coaching: What do coaches say they sell? What do clients say they buy?


Bidault, F., and P. Jacobson

The technology management agenda in Europe in 2010: Perspectives from

Germany and France.


1.8 ESMT Case Studies

Schäfer, U., and V. Heyes

A critical orchestra: Giving and receiving feedback.

ESMT–410–0103–3 Video Case,

ESMT–410–0103–8 Teaching Note.











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Müller, U., and U. Schäfer

Who’s responsible for the drawbridge drama?

ESMT–710–0104–1 Case,

ESMT–710–0104–8 Teaching Note,

ESMT–710–0104–4 Supplement.

Kupp, M., J. Reckhenrich, and J. Anderson

Damien Hirst and the contemporary art market.

ESMT–310–0105–1 Case,


Burger, C., and J. Weinmann

Tijuana hyperborder plant: An investment opportunity?

ESMT–310–0106–1 Case,



Schäfer, U., and K. Korotov

Barenboim: Adaptive leadership (A–D).

ESMT–410–0107–1 Case A,

ESMT–410–0108–1 Case B,

ESMT–410–0109–1 Case C,

ESMT–410–0110–3 Video Case D,


Gögdün, B., and U. Schäfer

Orpheus Chamber Orchestra.

ESMT–410–0111–3 Video Case,


Müller, U., and U. Schäfer

Anna Frisch at Aesch AG: Initiating lateral change.

ESMT–410–0112–1 Case,


ESMT–410–0112–3 Video.

Bidault, F., and B. Gögdün

A350 XWB: Airbus’ answer to Boeing’s Dreamliner.

ESMT–310–0114–1 Case,









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Frank, F.

Learning from the Chinese: The case of Haier (A and B).

ESMT–310–0115–1 Case A,

ESMT–310–0016–1 Case B,



Bidault, F., and G. Féraud

Auchan in Syldavia: Formulating a strategy for the new subsidiary.

ESMT–309–0091–1 Case,


1.9 Non-ESMT case studies

Plötner, O., and B. Gögdün

Infoterra GmbH.

Forthcoming, Darden School of Business.

1.10 Other publications

Bhattacharya, C. B.

———Basing your good name on good deeds.

Communication Director.

———From yuppies to lohas.

The Wall Street Journal, Online: July 23.

———Trust will lead to business success.

Ethical Corporation, Online: July 14.

Bhattacharya, C. B., S. Du, and S. Sen

Using corporate social responsibility to motivate and retain female employees

- 2009 leadership conference survey results from Simmons School of

Management and Hewlett-Packard.

Center for Gender in Organizations Insights 31: 1-3.


The forgotten bank customer.

The Wall Street Journal, Online: November 19.

Hagen, J.

———Error management in hierarchies: Lessons from the cockpit.

ESMT Customized Solutions Compact 1.



16 ESMT Report


———Why we all make big mistakes.

Forbes, Online: July 21.

Korotov, K.

Leadership change in an identity laboratory.

The Wall Street Journal Europe, Online: December 13.

Korotov, K., and U. Schäfer

Discussing values in executive education: From ―non-discussable‖ to learning

management of meaning.

Training and Management Development Methods 24(4): 15–21.

Kupp, M.

———Strategic creativity: Imagine the unseen.

The Economic Times, Online: December 24.

———Time for macro concepts to fight global poverty.

The Wall Street Journal, Online: December 13.

Lei, Z.

Corporate tree hugging won’t be enough.

The Wall Street Journal, Online: December 3.

Reckhenrich, J., M. Kupp, and J. Anderson

Understanding creativity.

The Economic Times, August 17.

Wakeman, S.

Smart innovation.

The Wall Street Journal, Online: September 3.

ESMT Report 17


2. Grants With the creation and appointment of the Associate Dean of R&D in 2008, ESMT

started developing the research grants area. In particular, ESMT received new

funding totaling €46,000 for three research projects from the Peter Curtius

Foundation, its trust provider.

2.1 Peter Curtius Foundation

New grants

Francine Espinoza

Gilt or guilt? Indulgent consumption and emotions.

(S 083/10018/2010),

€10,000.

Indulgent consumption is said to occur when consumers yield to their desires to

obtain unrestrained pleasure via products or services that are not really

necessary (Kivetz and Simonson 2002). It often involves a self-treatment with

excessive generosity such as the purchase of luxury products or the consumption

of a special meal. Indulgent consumption involves several forms of emotion that

are often conflicting. While indulgent consumption is inherently pleasurable, it is

also associated with feelings of guilt and regret, among other negative emotions

(Ramanathan and Williams 2007). These ambivalent feelings may affect both the

consumption experience and consumers’ subsequent decisions. While previous

research often assumes that negative feelings such as guilt and regret underlie

indulgent consumption (Mukopadhyay and Johar 2007), less is known about the

conditions that will lead to specific types of negative or positive feelings and

therefore to different emotional experiences following indulgent consumption.

We investigate how the reason underlying an indulgent consumption will affect

consumers’ emotional experience and the likelihood of continuing to indulge in

18 ESMT Report


subsequent situations. Across two studies, we find that consumers’ justification

and level of self-control interact to explain consumers’ mixed emotional

responses to indulgence (guilt, regret, pride, happiness), which in turn explain

satisfaction with the consumption episode.

Raji Jayaraman and Jörg Rocholl

Promoting entrepreneurship through microcredit.

(S 083/10018/2010),

€20,000.

Despite the growing interest and enthusiasm surrounding microcredit, spurred by

Muhammad Yunus’ Nobel Peace Prize, relatively little is known about economic

and social impacts of this innovative source of financing. In cooperation with the

―Sparkassenstiftung für internationale Kooperation‖ and the ―Bundesministerium

für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ),‖ Raji Jayaraman and

Jörg Rocholl will participate in the design and evaluation of one of the first

microcredit programs to be introduced in Bhutan. In particular, they will

investigate whether microfinance leads to the creation or expansion of business,

and whether the poor benefit to the same degree as the less-poor.

Catalina Stefanescu-Cuntze

What is in a rating? Credit rating performance for structured financial

products.

(S 083/10020/2010),

€16,000.

Despite the important economic role of credit ratings, there is not a single

research paper in any of the major academic journals that examine the accuracy

of extant rating methodologies. Indeed, rating agencies have often argued that

sufficient historic data for testing their methodologies does not exist. Moreover,

the effect of default contagion on the accuracy of credit ratings has never been

investigated, and the literature on the behavioral aspects of rating processes is

also scarce. This research project aims to fill this void, with potential major

implications for the decisions of rating agencies, regulatory bodies, banks, and

any other financial institution with internal rating systems.

Continuing grants

Banerjee, S.

Can righteous consumers drive corporate social responsibility?

(S 083/10015/2009),

2009 €15,000.

ESMT Report 19


Baquero, G.

From unfairness to generosity: Sharing behavior in good and bad times.

(S 083/10016/2009),

2009 €16,000.

Rese, M., M. Kupp, and V. Onyemah (Boston University)

Investigation into why organizations lose outstanding salespeople through

promotions to sales leadership positions.

(S 083/10013/2008),

2008 €8,300,

2009 €24,800.

Rocholl, J.

Credit supply in the financial crisis.

(S 083/10017/2009),

2009 €12,500.

2.2 DFG – Deutsche Forschungsgemeinschaft (German

Research Foundation)

Jayaraman, R.

The impact of school lunches: Evidence from an exogenous policy change.

€75,200.

2.3 Fonds National de la Recherche Luxembourg

Baquero, G., M. Hamadi (University of Luxembourg), and A. Heinen

(University Carlos III, Madrid)

Outreach and the financing of microfinance institutions.

€90,000.

2.4 Market Model Electric Mobility (MMEM): Cars and

Infrastructure

ESMT participates in the development of the future market for electric vehicles

in Germany. A team of researchers and practitioners supports the German

federal government’s National Development Plan for Electric Mobility with its

research project Market Model Electric Mobility: Cars and Infrastructure (MMEM).

The project’s main objective is to increase the transparency surrounding various

energy and transport alternatives, in particular subsidy schemes for electric

vehicles and choices for the development of the infrastructure needed to

http://www.esmt.org/eng/faculty-research/guillermo-baquero/

20 ESMT Report


implement electric mobility. The team develops an econometric model for a

comprehensive survey of costs and benefits of different infrastructure scenarios

in Germany up to the year 2050. Relevant socio-demographic data is combined

with information provided by vehicle and battery manufacturers, utilities, and

electricity network operators. The emission savings due to an increased use of

electric cars as well as the impact on the security of energy supply will be

estimated. The model will support political decision-making for the creation of a

lead market in electric mobility.

The research project runs until September 2011. A simplified web-based version

of the econometric model will be made available to the public.

The project is financed by the Federal Ministry for the Environment, Nature

Conservation and Nuclear Safety (Bundesumweltministerium, BMU).

Funding: €700,000.

MMEM Events:

Transport modeling and electric mobility.

Joint workshop with InnoZ/WZB,

August 26.

Discrete choice modeling, energy systems, and electric mobility.

Academic workshop with experts and representatives of the BMU,

November 22.

ESMT Report 21


3. Funding

3.1 Research assistants

As Faculty grew, so did the need for research assistants. In addition to various

individual research assistants, ESMT created the faculty student assistant (FSA)

role. An FSA is an ―ad-hoc‖ student/research assistant available to all Faculty on

a first-come, first-served basis. The FSA assists Faculty with research tasks on

short notice that can be completed within a few hours or a couple of days, such

as data entry, simple analyses, Qualtrics surveys, help with experiments, etc.

The FSA may also assist the lab manager with lab matters.

During 2010, ESMT employed the following research assistants:

• Safa'a Abujarour, ESMT Research Lab Manager;

• Marianella Chabaneau working on the project ―VELIB and SOLAIRE DIRECT‖

with Francis de Véricourt;

• Paul Jacobson working on the project ―Trust and scientific creativity‖

with Francis Bidault;

• Huang Jing working on the project ―Risk taking incentives of hedge fund

managers‖ with Guillermo Baquero;

• Taylor Johnson (Faculty Student Assistant);

• Deepak Kumar supporting Jörg Rocholl with preparation of the BVK

speech;

• Rønnaug Melle Johansen working on the project ―Estimating socially

optimal prices‖ with Özlem Bedre-Defolie;

• Manjunath Jakkur Munigowda supporting Luc Wathieu with a book editing

project;

22 ESMT Report


• Laura Noval working on the project ―Indulgent consumption and

emotions‖ with Francine Espinoza;

• Nicole Piskorski working on the project ―Trust and scientific creativity‖

with Francis Bidault;

• Claudia Scheurig working on the project ―Seeing self-control conflict‖

with Kristian Myrseth;

• Jessica Seiler working on the project ―From unfairness to generosity‖ with

Guillermo Baquero;

• Vid Štimac working on the project ―Telecoms & trade‖ with Michał

Grajek;

• Jakob Tesch working on the project ―Marketing social responsibility‖ with

Sumitro Banerjee.

ESMT Report 23


4. PhD program

4.1 ESMT and the Berlin Doctoral Program in Economics

& Management Science (BDPEMS)

ESMT participates in BDPEMS, which involves researchers and professors from all

major educational and research institutions in Berlin. This year ESMT appointed

Paul Heidhues as the Director of PhD Studies at ESMT. ESMT faculty taught the

following BDPEMS courses in 2010:

• Sumitro Banerjee: Management Science;

• Francis de Véricourt: Sequential Decision Making under Uncertainty;

• Paul Heidhues: Behavioral Economics;

• Zhike Lei: Management Science: Organizational Behavior;

• Catalina Stefanescu-Cuntze: Management Statistics;

• Luc Wathieu: Marketing Science: Models and Experiments.

The following current students from the BDPEMS program are associated with

ESMT:

• Bas Dessens, Economist, ESMT CA;

• Thomas Hildebrand, Research Assistant, ESMT;

• Johanna Krenz, 2010 ESMT PhD Fellow, ESMT;

• Miyu (Kyong) Lee, Research Assistant, ESMT CA;

• Michael Raven, 2010 ESMT PhD Fellow, ESMT;

• Dora Simroth, Research Assistant and 2008 ESMT PhD Fellow, ESMT;

http://www.doctoralprogram.de/

24 ESMT Report

2010 ESMT R&D Report

• Vid Štimac, 2009/2010 ESMT PhD Fellow and Research Assistant, ESMT;

• Sergey Zykov, Analyst, ESMT CA.

4.2 ESMT PhD Fellowship

This fellowship was created in 2008 with the aim of supporting one or two

outstanding students each year. Fellowships are awarded based on intellectual

excellence, evidence of personal and professional achievement, as well as

evidence of a strong potential to conduct independent research. All applications

were reviewed by and granted through ESMT’s R&D department.

The R&D department exclusively offers scholarships in conjunction with

acceptance to the BDPEMS.

In 2010, Vid Štimac was a returning Fellow. Additionally Johanna Krenz and

Michael Raven were granted fellowships for 2010. Previous Fellows were Stella

Seong and Dora Simroth.

4.3 Friends and Supporters of ESMT Association

The Friends and Supporters of ESMT Association (Freunde und Förderer der ESMT

e.V.) was inaugurated in the fourth quarter of 2009 with the intention of

supporting at least one student, but possibly more, based on a €50,000 three-

year program. Michael Raven was chosen to be the recipient of this support.

http://www.doctoralprogram.de/

http://www.esmt.org/sixcms/detail.php?id=281123




ESMT Report 25


5. Center for Leadership Development Research (CLDR)

5.1 Review of CLDR’s activities

Leadership is one of the three main topics that ESMT has selected in order to

position itself in a highly competitive environment of business education and

scientific inquiry. Moreover, the School’s mission statement puts on the shoulders

of Faculty and staff a noble, but extremely difficult task of developing

―entrepreneurial leaders who think globally, act responsibly, and respect the

individual.‖

The creation and development of the Center for Leadership Development

Research is a direct reflection of the School’s mission statement. As such, the

Center occupies itself with research, teaching, content development, and

methodology testing that help organizations to improve the utilization of the

leadership potential of their management cadre, encourage individuals to

continuously learn and stretch their leader capabilities, and equip organizational

members at various levels with concepts and tools that support respectful,

innovative, and agile working environments. The CLDR particularly contributes to

a better understanding of the processes of leadership and leader development in

an organization in order to offer both companies and individuals ideas on

continuous improvement in building leadership potential.

26 ESMT Report


The CLDR is an umbrella arrangement that brings together in a flexible manner

ESMT professors, faculty professionals, staff, external academic and professional

collaborators, representatives from learning and development and HR functions

in organizations, as well as individual executives. They are all interested in

collaborating on a particular practice-based question, academically defined

theoretical problem, or methodology issue related to the development of

leadership in today’s organizations, particularly those in the field of business.

Due to the complexity of the field of leadership in general and of leadership

development in particular, the early stages of the ontological development of

research in this field, as well as the extremely high relevance and urgency of the

topic for both organizations and individuals, the Center is particularly well-suited

to reflect the underlying principle of inquiry declared by ESMT: theoria cum

praxi. The principles of leadership development explored and proposed by ESMT

need to be put to test almost immediately in the setting of real leadership

development efforts of organizations and educational institutions. Thus exploring

ill-defined problems and issues faced by modern organizations and executives in

the field of leadership requires a joint effort from people with complementary

competencies: practical problem identification, academic investigation, and

teaching and consulting.

Currently associated with the Center are:

• Andreas Bernhardt (Program Director and Executive Coach, ESMT);

• Elizabeth Florent-Treacy (Research Project Manager, INSEAD,

Fontainebleau, France, and Singapore);

• Bülent Gögdün (Program Director and Executive Coach, ESMT);

• Laura Guillén (Assistant Professor, ESMT);

• Manfred Kets de Vries (Distinguished Professor, ESMT; the Raoul de Vitry

d'Avaucourt Chair of Leadership Development, INSEAD; and Director,

INSEAD Global Leadership Center, Fontainebleau and Singapore);

• Svetlana Khapova (Associate Professor of Career Studies and Director,

Doctoral Education, Faculty of Economics and Business Administration, VU

University Amsterdam);

• Konstantin Korotov (Associate Professor, ESMT);

• Zhike Lei (Assistant Professor, ESMT);

• Kate McCourt (Program Manager, ESMT);

• Ulf Schäfer (Program Director, ESMT).

ESMT Report 27


5.2 Events

Research Caucus:

Daring to coach leaders, caring for people and organizations: Issues in

research on coaching.

August 10, Academy of Management Annual Meeting, Montreal, Canada.

Prof. Manfred Kets de Vries (Distinguished Professor, ESMT and Director, INSEAD

Global Leadership Center, INSEAD), and Prof. Konstantin Korotov (Center for

Leadership Development Research, ESMT) organized an international research

caucus for academics attending the Academy of Management 2010 Annual

Conference with the view to discuss current challenges in coaching research.

The 2nd ESMT Coaching Colloquium:

The courage to coach: When the coach is on the line.

December 15-16, ESMT, Berlin, Germany.

The Center for Leadership Development Research ran its 2nd ESMT Coaching

Colloquium ―The courage to coach: When the coach is on the line.‖ This event

built on the success of the 2nd

ESMT Coaching Colloquium held in December 2009. The 2010 colloquium served

as a further opportunity for academics, practicing leadership coaches, human

resources and learning and development professionals, and management

consultants to enhance their knowledge, skills, and networks through two days of

intensive collaboration and peer-consultation on difficult cases in the practice of

leadership coaching. Participants worked with real life cases presented by

coaches, Faculty, and learning and development managers as well as those

commented upon by fellow professionals. A series of panel discussions, small

group peer consultation sessions, fish-bowl experiences and interactive exercises

involving science and art enriched the participants’ conceptual understanding of

coaching and their practical tool set collections.

In addition to ESMT’s professors, Konstantin Korotov and Laura Guillén, and

ESMT’s program directors, Andreas Bernhardt and Bülent Gögdün, the colloquium

featured, among others, the following researchers:

• Dr. Susan David (Harvard Institute of Coaching);

• Elizabeth Florent-Treacy (INSEAD Global Leadership Center);

• Dr. Carol Kauffman (Harvard Institute of Coaching);

• Prof. Manfred Kets de Vries (Distinguished Professor, ESMT, and Director,

INSEAD Global Leadership Center, INSEAD);

28 ESMT Report


• Dr. Polly Parker (University of Queensland).

The 3rd International Coaching Research Forum:

The future of coaching in 3-D.

December 13-14, ESMT, Berlin, Germany.

The CLDR and the Institute of Coaching at Harvard University conducted the 3rd

International Coaching Research Forum from December 13-14 at ESMT.

The event brought together leading academics, executive coaches, and HR

practitioners interested in building bridges between the rapidly growing industry

of executive coaching and the scientific investigation of coaching principles,

processes, and results. The forum served as a research incubator for defining the

future intellectual agenda for coaching thinkers, researchers, practitioners, and

users.

The themes selected for discussion were:

• Taboos in and around coaching;

• Selection of coaches and coaching interventions;

• Effectiveness of coaching interventions: How do we define it?

• Cross-cultural and global issues in coaching.

The organizers were:

• Carol Kauffman (Harvard Institute of Coaching);

• Susan David (Harvard Institute of Coaching);

• Konstantin Korotov (Center for Leadership Development Research, ESMT);

• Andreas Bernhardt (Center for Leadership Development Research, ESMT);

• Kate McCourt (Center for Leadership Development Research, ESMT).

The participants included:

Graham Barkus (Cathay Pacific), Gabriele Bollhoefer (Hogan Lovells), Michael

Cavanagh (University of Sydney), Elisabet Engellau (INSEAD), Elizabeth Florent-

Treacy (INSEAD), Nancy Glynn (Dynallia), Bülent Gögdün (ESMT), Siegfried Greif

(University of Osnabrück), Laura Guillén (ESMT), Thomas Hellwig (INSEAD), Dóra

Guðrún Guðmundsdóttir (The Public Health Institute of Iceland), Manfred Kets de

Vries (ESMT and INSEAD), Svetlana Khapova (VU Amsterdam), Alexander Landia

(Siberian Coal Energy Company), HeeKyung Lee (InCoaching Korea), Michael Liley

ESMT Report 29


(Ernst & Young), Kristan Marnane (McKinsey), Olga Molina (Ernst & Young), Juraj

Ondrejkovic (World Economic Forum), Polly Parker (University of Queensland),

Leslie Shinobu (Massachusetts General Hospital), Timothy So, Monika von Glasow

(Siemens), Isabel Witte (BCG), Mary Wayne Bush (The Foundation of Coaching).

ESMT Annual Forum 2010:

People, planet, profit: Creating a sustainable future.

June 16–17, ESMT, Berlin, Germany.

ESMT professors, Konstantin Korotov and Zhike Lei, hosted a panel discussion on

sustainable development of talent in organizations. The panelists and the

audience discussed how to turn workplaces into environments in which employee

potential can be developed and released with long-term effectiveness for the

organization and the people.

Special attention was paid to the relationship between leadership and talent in

an organization and to the development of leaders who are sensitive to the

human side of the organization.

Participants in the panel included:

• Mr. Andrew Dyckhoff (CEO of Merryck & Co. Ltd., UK);

• Prof. Jonathan Gosling (Center for Leadership Studies, University of

Exeter);

• Prof. Manfred Kets de Vries (Distinguished Professor, ESMT and Director of

the INSEAD Global Leadership Center, INSEAD);

• Prof. Charles O'Reilly (Stanford University);

• Prof. Cathy Tinsley (Georgetown University);

• Prof. Mary Uhl-Bien (University of Nebraska-Lincoln).

The CLDR was a research partner for Germany at the World Economic Forum's

2010 Corporate Gender Gap Report, which analyzed the barriers for women’s

growth into organizational leadership positions. ESMT research team: Andreas

Bernhardt, Konstantin Korotov, and Katharina Lange.

30 ESMT Report


5.3 Refereed professional development workshops for the

academic community

Khapova, S., and K. Korotov (organizers)

Teaching about careers to executives.

The refereed professional development workshop presented at the 2010 Academy

of Management Annual Meeting on August 6 in Montreal, Canada. Participants

included: Michael Arthur (Suffolk University), Andreas Bernhardt (ESMT), Yuval

Engel (VU Amsterdam), Elizabeth Florent-Treacy (INSEAD), Manfred Kets de Vries

(ESMT and INSEAD), Svetlana Khapova (VU Amsterdam), Konstantin Korotov

(ESMT), Polly Parker (University of Queensland), Maury Peiperl (IMD), Shelly

Sullivan (Bowling Green State University), Yoav Vardi (Tel Aviv University).

Arthur, M., T. Casado, S. de Janasz, K. Korotov, W. Mayrhofer, S. Khapova, H.

Van Emmerik, and J. Richardson (organizers)

Teaching careers together: Developing a career studies teaching community.

A refereed professional development workshop presented at the 2010 Academy

of Management Annual Meeting on August 6 in Montreal, Canada.

ESMT Report 31


6. Chairs at ESMT ESMT currently has funding for six chairs:

i. Deutsche Telekom Chair in Leadership and HR Development

International recruitment for this position is underway.

ii. E.ON Chair in Corporate Responsibility

C. B. Bhattacharya, Associate Dean of International Relations, ESMT, is

the holder of this chair since 2009.

iii. Ernst & Young Chair in Governance and Compliance

This chair was appointed for the first time in 2010 to Jörg Rocholl,

Associate Dean of Faculty, ESMT.

iv. Ferrero Chair in International Marketing

Luc Wathieu, Associate Dean of Faculty, ESMT, was the holder of this

chair until August 2010. The chair has been vacant since then and

recruitment for a replacement is underway.

v. Karl-Heinz Kipp Chair in Research

In 2009 Karl-Heinz Kipp generously funded a chair with the intention of

supporting either an assistant or associate professor, whose contribution

would further current outstanding research. International recruitment for

this position is under way.

vi. Lufthansa Chair in Competition and Regulation

This chair was appointed for the first time in 2010 to Paul Heidhues, Full

Professor and Director of PhD Studies, ESMT.

http://www.esmt.org/eng/faculty-research/cb-bhattacharya/

http://www.esmt.org/eng/faculty-research/joerg-rocholl/

http://www.esmt.org/eng/faculty-research/joerg-rocholl/

http://www.esmt.org/eng/faculty-research/luc-wathieu/

http://www.esmt.org/eng/faculty-research/paul-heidhues/

http://www.esmt.org/eng/faculty-research/paul-heidhues/

32 ESMT Report


7. ESMT Research Lab The ESMT Research Lab became operational in 2010. The lab serves as a resource

for ESMT researchers primarily in the fields of consumer and investor behavior,

behavioral economics, and psychology. Studies are conducted both online and on-

campus.

The Lab Steering Committee was initiated in 2009 and was led by Luc Wathieu

until his departure in August 2010. Thereafter, the committee reported to

Catalina Stefanescu-Cuntze, Director of Research. The committee – consisting of

Guillermo Baquero (contact for on-campus studies), Francine Espinoza (contact

for online studies), Peter Jarnebrant, and Kristian Myrseth – worked together

with Safa’a Abujarour, Lab Manager, and Christopher Xitco, Faculty Resources,

on the implementation and integration of the lab’s online and on-campus

infrastructures.

In 2010 the research lab achieved the following goals:

• Software: ESMT deployed Qualtrics, a web-based survey software to

facilitate both online and on-campus studies.

• Lab manager: Safa’a Abujarour was hired in July to fill this role with the

task of supporting the development of the lab and its day-to-day

operation.

• Participants: The lab’s pool of registered participants who can be invited

to participate in online and on-campus studies reached 200 by the end of

2010. The lab is continuously trying to increase its pool of participants

through various means, which include online advertising, targeted

distribution of fliers and posters, university mailing lists, and through

direct contact with Faculty (both internal and external).

ESMT Report 33


• Procedures: The lab also established a framework for conducting online

and on-campus studies. A description of the process can be found on the

lab webpage (http://www.esmt.org/eng/faculty-research/esmt-research-

lab).

• 2010 activities:

o Online surveys: The lab conducted two online research sessions,

consisting in total of more than 10 studies, submitted by Francine

Espinoza, Peter Jarnebrant, and Kristian Myrseth.

o On-campus experiments: Several experiments were completed in

temporary facilities on campus.

Guillermo Baquero and Luc Wathieu conducted six sessions

involving 150 participants in a strategic interaction game.

Kristian Myrseth completed an experiment involving

approximately 200 participants in a consumer choice task.

Claudia Scheurig, research assistant, assisted in the recruitment

of participants, execution of studies, and arrangement of a

compensation system for on-campus studies.

The lab also established a cooperative arrangement between

ESMT and Technische Universität (TU) Berlin, allowing ESMT

researchers to use TU lab facilities. In December Kristian Myrseth

conducted an experiment on self-control and pro-social behavior

at the TU lab.

• On-campus lab: A room was designated in the Learning Center for lab

purposes. The installation of cubicles and cabling began in the last

quarter of 2010, and should be completed by March 2011. This facility will

allow ESMT researchers to study social interaction, conduct economic

games, simulate market interactions, and investigate individual-level

decision processes.

In 2011 the lab expects to finalize its infrastructure, enlarge its participant

panel, and generally increase activity.

http://www.esmt.org/eng/faculty-research/esmt-research-lab

http://www.esmt.org/eng/faculty-research/esmt-research-lab

34 ESMT Report


8. Seminars and workshops

During 2010, ESMT organized 46 research seminars, as well as workshops,

research camps, and Open Lectures. Seven of the research seminars belonged to

the TWIPS (The Work in Progress Seminar) series, an internal forum dedicated

exclusively to ESMT faculty and PhD students for discussion of their research

projects. The following outlines other research seminars and workshops

organized during 2010.

8.1 Faculty Research Seminar and academic

presentations

Patrick Bolton (Economics Department, Columbia University)

A unified theory of Tobin’s q, corporate investment, financing, and risk

management.

Joseph A. Clougherty (University of Illinois, Urbana-Champaign)

International standards and international trade: Empirical evidence from ISO

9000 diffusion.

Lex Donaldson (Australian School of Business)

Statistico-organizational theory: A new theoretical approach to organizational

design.

Uwe Dulleck (Queensland University of Technology)

The impact of distributional preferences on (experimental) markets for expert

services.

ESMT Report 35


Andrew Ellul (Kelley School of Business, Indiana University)

Stronger risk controls, lower risk: Evidence from US bank holding companies.

Saul Estrin (London School of Economics and Political Science)

1) Entrepreneurship in the transition economies of Eastern Europe, 2)

Institutions and female entrepreneurship, and 3) Size matters: Entrepreneurial

entry and government.

Mariassunta Giannetti (Stockholm School of Economics)

Investors' horizons and the amplification of market shocks.

Michael Halling (David Eccles School of Business, University of Utah)

In search of aggregate jump and volatility risk in the cross-section of stock

return.

Dietmar Harhoff (Ludwig-Maximilians-Universität München)

Invention processes and knowledge recombination across technological

boundaries.

Robert B.H. Hauswald (Kogod School of Business, American University)

Authority and information.

Ulrich Hege (HEC Paris)

Leverage in pyramids: When debt leads to higher dividends.

Dominik Heil (Reputation Institute/Wits Business School)

Corporate reputation: Understanding and navigating the reputation economy.

Natalia Karelaia (INSEAD)

When should I quit? Gender differences in exiting competitions.

Shimon Kogan (University of Texas at Austin)

Information content of public firm disclosures and the Sarbanes-Oxley Act.

Dorothea Kübler (Technische Universität Berlin and WZB)

Why votes have a value.

Daniel Leigh (International Monetary Fund)

Will it hurt? The effects of fiscal austerity.

This special research presentation was followed by a podium discussion with Paul

Heidhues, ESMT Full Professor and Lufthansa Chair in Competition and

Regulation, moderated by Marcus Walker from the Wall Street Journal.

36 ESMT Report


Alexander Ljungqvist (Stern School of Business, New York University)

Monitoring managers: Does it matter?

Volker Nocke (Universität Mannheim)

Merger policy with merger choice.

Christopher Olivola (University College London)

A utility-free theory of valuation and choice built on simple binary comparisons:

Evidence from two decision making domains.

Stefan Reichelstein (ESMT/Graduate School of Business at Stanford University)

Carbon capture by fossil fuel power plants: An economic analysis.

Werner J. Reinartz (Universität zu Köln)

On the success of award-winning advertising.

Ulrich Schmidt (Christian-Albrechts-Universität zu Kiel)

Testing independence conditions in the presence of errors and splitting effects.

Sankar Sen (City University of New York)

You like what I like but I don’t like what you like: The role of uniqueness

motivations in self-other preferences.

Vishal Singh (Stern School of Business, New York University)

Diversity and participation: An empirical investigation of the US religious

market.

Catherine Tucker (MIT Sloan School of Management)

1) Privacy regulation and online advertising and 2) Social networks, personalized

advertising, and privacy controls.

Patrick Van Cayseele (Katholieke Universiteit Leuven)

Estimating price-cost margins to evaluate the impact of antitrust policy.

Mary Waller (Schulich School of Business, York University, Toronto)

More than a feeling: Rapport and synchrony in teams.

Glenn A. Woroch (Haas Business School, University of California at Berkeley)

Technology adoption with endogenous timing and payoff externalities:

Laboratory experiments.

ESMT Report 37


8.2 Finance Brown Bag Seminar

The Finance Brown Bag Seminar series is organized by ESMT in collaboration with

the Humboldt-Universität zu Berlin and is coordinated by professors Jörg Rocholl

and Guillermo Baquero. 2010 speakers were:

Tim Adam (HU)

On credit default swaps.

Tim Adam (HU)

The syndicated loan market in Germany.

Guillermo Baquero (ESMT)

Hedge fund flows, performance and risk incentives.

Nataliya Barasinska (DIW)

Are women more credit-constrained than men? Evidence from a rising credit

market.

Carsten Bienz (NHH – Norwegian School of Economics and Business

Administration)

The defeasance of control rights.

Jochen Bigus (Bern University)

Board compensation and fair-value accounting with commercial banks.

Nadja Guenster (Maastricht University)

Riding bubbles.

Thomas Hildebrand (ESMT)

Skin in the game: The incentive structure in online social lending.

Alex Stomper (Institute for Advanced Studies, Vienna)

Snow and leverage.

Alex Wagner (Swiss Banking Institute)

Good governance, bad results: The case of the financial crisis.

Georg Weizsäcker (DIW)

Correlation neglect in financial decision-making.

38 ESMT Report


8.3 Midsummer Night’s Dream Marketing Camp

Professors Sumitro Banerjee and Luc Wathieu organized the Midsummer Night’s

Dream Marketing Camp, which was held at ESMT on June 21 – right on the heels

of the Marketing Science Conference held in Cologne. The camp attracted 25

participants and proved a great success with contributions from international

marketing experts.

Speakers: Kristin Diehl (Marshall School of Business, University of Southern

California), Sarit Moldovan (Technion - Israel Institute of Technology), Olivier

Toubia (Marketing Division, Columbia Business School), and Miguel Villas-Boas

(Haas School of Business, University of California, Berkeley).

Panelists: David R. Bell (Marketing Department, Wharton School, University of

Pennsylvania), Sofia Berto Villas-Boas (Department of Agricultural and Resource

Economics, University of California, Berkeley), Shantanu Dutta (Marshall School

of Business, University of Southern California), Amir Grinstein (Guilford Glazer

School of Business & Management, Ben-Gurion University of the Negev), Charles

(Chuck) Ingene (Department of Management and Marketing, The Hong Kong

Polytechnic University), Ram Rao (School of Management, The University of Texas

at Dallas), David Soberman (Rotman School of Management, Toronto), and Russell

(Russ) Winer (Stern School of Business, New York University).

8.4 IO (Industrial Organization) Workshop

The IO Workshop is a joint effort between ESMT and the Düsseldorf Institute for

Competition Economics (DICE), Heinrich-Heine-Universität Düsseldorf with the

aim of giving PhD students and postdoctoral researchers the opportunity to

present and discuss their research with faculty members. The workshop takes

place annually. The 2010 workshop organizers included Justus Haucap (DICE,

Heinrich-Heine-Universität Düsseldorf), Paul Heidhues (ESMT), and Christian Wey

(DIW Berlin). The IO workshop attracted 18 participants and it was hosted by

ESMT for the first time.

Speakers: Özlem Bedre-Defolie (ESMT), Carsten Dahremöller (University of Bonn,

BGSE), Georg Clemens (DICE, Heinrich-Heine-Universität Düsseldorf), Michał

Grajek (ESMT), Annika Herr (DICE, Heinrich-Heine-Universität Düsseldorf),

Thomas Hildebrand (ESMT), Beatrice Pagel (DIW Berlin), Markus Reisinger (Ludwig

Maximilian University of Munich, LMU), Torben Stühmeier (DICE, Heinrich-Heine-

Universität Düsseldorf), Christoph Wagner (University of Bonn, BGSE), Tobias

Wenzel (DICE, Heinrich-Heine-Universität Düsseldorf).

ESMT Report 39


8.5 Open Lectures

ESMT has continued its series of open lectures inaugurated in autumn 2009,

which focuses on questions of current intellectual concern. The lectures

showcase speakers who are recognized leaders in their fields. The lectures cover

a wide spectrum of fields ranging from business, economics, politics, and

philosophy to the arts. While speakers are authorities in their particular area,

their insights have broad relevance and wide-ranging applications. The ESMT

Open Lectures provide a forum in which their ideas can be communicated to a

wider audience. Christiane Hach, Jörg Rocholl, and Raji Jayaraman coordinated

the Open Lectures for which the following speakers presented:

Jeremy Rifkin, President, Foundation on Economic Trends

February 12.

Sunil Khilnani, Professor, Johns Hopkins University

The paradox of India’s new prosperity.

April 15.

Oliver E. Williamson, Professor of the Graduate School and Edgar F. Kaiser

Professor Emeritus of Business, Economics, and Law, Haas School of Business,

University of California at Berkeley

Transaction cost economics: Background, breakthrough, and beyond.

June 3.

David Gelernter, Professor, Yale University

Insights to his criticism towards today’s Internet use.

June 22.

Dieter Kosslick, Director, Berlin International Film Festival (Berlinale)

Business meets culture: 60 years of Berlinale.

August 23.

Philip Murphy, US Ambassador to Germany

The global recovery: What bumps lie ahead?

September 13.

Louise O. Fresco, Professor, University of Amsterdam

Please think of me when you shop in a supermarket the next time!

November 24.

40 ESMT Report


8.6 Climate Lunch

Together with BDI and WWF, ESMT launched the Climate Lunch series to discuss

challenges from climate change. Four climate lunches were conducted.

Low carbon economy

April 13.

Speakers:

• Christoph Burger, ESMT

Europäische Incumbents auf dem Weg zur “Low carbon economy;“

• Regine Günther, Head, Climate Protection and Energy Policy

WWF: Modell Deutschland – Klimaschutz bis 2050. Vom Ziel her denken;

• Carsten Rolle, Head, Energy and Natural Resources

BDI: Auf dem Weg in eine nachhaltige Energiezukunft: Wettbewerbs-

fähigkeit Vs. Vorreiterrolle?

Speakers were joined by Hans-Peter Boehm, vice president of Government

Affairs, Siemens AG, and Bernd-Michael Zinow, head of Economy and Politics,

EnBW. The event was moderated by Gerhard Irmler of Deutschlandradio.

Concepts for the mobility of the future: Opportunities and limits of electro-

mobility

June 29.

Speakers:


Mobilitätskonzepte der Zukunft: Vorreiterrolle Deutschland;



• Dr. Ben Möbius, Managing Director, Infrastructure, Transport and

Telecommunications

BDI: Neue Wege für unsere Mobilität von Morgen.

Speakers were joined by Mathias Samson, BMU, and Dr.-Ing. Hans-Jürgen Schäfer,

Volkswagen Group. The event was moderated by Olaf Opitz, Focus

Parlamentsredaktion.

ESMT Report 41


Energy efficiency in buildings

October 6.

Speakers:


Hemmnisse bei der Umsetzung von Gebäudeeffizienz;



• Dr. Kurt-Christian Scheel, Head, Climate and Sustainable Development

BDI: Energieeffizienz bei Gebäuden.

Speakers were joined by Wolfgang Ornth, Federal Ministry of Transport, Building,

and Urban Development. The event was moderated by Angelika Nikionok-Ehrlich,

Energie & Management/Neue Energie.

Climate protection as a briver of sustainable economic growth

November 3.

Panelists:

• Eberhard Brandes, Chairman, WWF Deutschland;

• Jochen Homann, State Secretary, Federal Ministry of Economics and

Technology;

• Dr. Felix Matthes, Coordinator, Energy and Climate Policy, Öko-Institut;

• Dr. Werner Schnappauf, Director General, BDI – Bundesverband der

Deutschen Industrie.

The event was moderated by Prof. Lars-Hendrik Röller, president and member of

the Steering Committee of the National Platform for Electric Mobility.

ESMT Report 43


9. Invited seminars and conference presentations

Guillermo Baquero

• Hedge Funds World Zurich Conference, December 7–8, Zurich,

Switzerland;

• University of Luxembourg, November 26, Luxembourg;

• European Microfinance Week 2010, November 29–December 1, Abbaye de

Neumünster, Luxembourg.

Özlem Bedre-Defolie

• International Industrial Organization Conference 2010, Vancouver,

Canada;

• The INRA-IDEI Conference on IO and the Food Industry, Toulouse, France;

• International Conference on Competition and Regulation, Chania, Crete;

• EARIE Conference, Istanbul, Turkey;

• DIW, Berlin, Germany.

C. B. Bhattacharya

• Association for Consumer Research Conference, October, Jacksonville,

Florida, USA;

• 7th Corporate Identity/Associations Research Group International

Conference, October, Hannover, Germany;

44 ESMT Report


• Member of the Scientific Committee of the Doctoral Workshop preceding

the 4th International CSR Conference at the Humboldt-Universität zu

Berlin, September, in Berlin, Germany;

• The International Conference on Building Performance, September, in

Berlin, Germany;

• Panelist in plenary session at the 9th Annual Colloquium of EABIS –

Corporate Responsibility and Emerging Markets, September, St.

Petersburg, Russia;

• American Marketing Association Summer Marketing Educators’

Conference, August. It was honored as the Best Paper in the Social and

Public Policy Track.;

• 17th Recent Advances in Retailing & Services Science Conference, July,

Istanbul, Turkey;

• Dinner Speaker at the ESMT Executive Education Program Bringing

Technology to Market, July, Berlin, Germany;

• Panel moderator at the ESMT Annual Forum ―People, Planet, Profit,‖

June, Berlin, Germany;

• Interview with Girish S. Paranjpe Jt. CEO, IT Business, Member of the

Board, Wipro Limited at the ESMT Annual Forum ―People, Planet, Profit,‖

June, Berlin, Germany;

• ESMT Corporate Clients Council, May 2010, Berlin, Germany;

• Panelist at the Responsible Business Summit, May, London, UK;

• European Marketing Association Conference, June, Copenhagen, Denmark;

• The Center for Corporate Citizenship Deutschland, April, Berlin, Germany;

• INSEAD, April, Paris, France;

• E.ON Workshop, Bring CR to Life, March, Düsseldorf, Germany;

• Winter Conference of the Society for Consumer Psychology, February, St.

Pete Beach, Florida, USA;

• Wageningen University and Ahold, Panelist, February, Amsterdam, The

Netherlands;

• Louvain School of Management, Université catholique de Louvain,

February, Louvain-la-Neuve, Belgium.

Francis Bidault

• Conference ISPIM, June 6-9, Bilbao, Spain;

ESMT Report 45


• Conference of FINT (First International Network on Trust), January 28-29,

Madrid, Spain;

• Conference of FINT (First International Network on Trust), January 28-29,

Madrid, Spain.

Francine Espinoza

• Leuven University, November 29, Leuven, Belgium.

• SCP Conference, February 25-27, Saint Petersburg, Florida, USA;

• European ACR Conference, July 1-3, Egham, UK;

• North American ACR Conference, October 7-10, Jacksonville, Florida, USA.

Hans Friederiszick

• European Competition Day, October 21, Brussels, Germany;

• Euroforum: Beihilfenrecht 2010, June 23-25, Berlin, Germany;

• Competition and Intellectual Property Symposium, June 4, Paris, France;

• Workshop on Effective Competition in Network Industries, Justus-Liebig-

University Giessen, May 27-28, Giessen, Germany;

• Workshop at the EC - DG Enterprise, May 12, Brussels, Belgium;

• EC Workshop, January 26, Brussels, Belgium.

Michał Grajek

• University of Amsterdam, September 24, Amsterdam, The Netherlands;

• 25th Annual Congress of the European Economic Association, August 23–26,

Glasgow, Scotland;

• 6th Annual International Industrial Organization Conference (IIOC), May 14–

16, Vancouver, Canada;

• International Conference on Infrastructure Economics and Development,

January 14–15, Toulouse, France.

Laura Guillén

• The Academy of Management Annual Conference, August 6–10, Montreal,

Canada.

Paul Heidhues

• University of Zurich, Department of Economics, November 11, Zurich,

Switzerland.

46 ESMT Report


• University of Augsburg, Institut Volkswirtschaftslehre, December 6,

Augsburg, Germany

Konstantin Korotov

• The Academy of Management Annual Conference, August 6–10, Montreal,

Canada;

• INSEAD Global Leadership Center Consulting and Coaching for Change

Alumni Conference, April 12-13, Fontainebleau, France;

• 26th EGOS Colloquium, June 28–July 3, Lisbon, Portugal.

Zhike Lei

• Behavioral Decision Research in Management (BDRM) Conference,

Pittsburgh, Pennsylvania, USA.

Mario Rese

• ICRM International Colloquium on Relationship Marketing, Henley Business

School, University of Reading, September 27–30, Reading, UK;

• AMA Summer Educators’ Conference, Boston, Massachusetts, USA;

• EMAC Conference, Copenhagen, Denmark.

Jörg Rocholl

• AFA Meetings, Atlanta, Georgia, USA;

• HEC Lausanne, Lausanne, Switzerland;

• University of Mannheim, Mannheim, Germany;

• Bruegel, Brussels, Belgium;

• Maastricht University, Maastricht, The Netherlands;

• European Financial Management Symposium on Entrepreneurial Finance &

Venture Capital Markets, Montreal, Canada;

• BIS/CEPR/JFI Workshop, Basel, Switzerland;

• National Bank of Poland, Warsaw, Poland;

• IDC Rothschild Caesarea Center Conference, Herzliya, Israel;

• FIRS Conference, Florence, Italy;

• ESSEC Private Equity Conference, Paris, France;

• FMA European Conference, Hamburg, Germany;

• WFA Meetings, Victoria, British Columbia, Canada;

ESMT Report 47


• China International Conference in Finance, Beijing, China;

• EFA Meetings, Frankfurt, Germany;

• EIEF-CEPR Conference on Transparency, Disclosure and Market Discipline

in Banking Regulation, Rome, Italy;

• Argentum Conference with SIFR, LSE, and NHH, Stockholm, Sweden;

• CAREFIN Conference, Milan, Italy;

• 11th Annual Bank of Finland/CEPR Conference, Helsinki, BI Norwegian

School of Management, Oslo, Norway;

• Norges Bank, Oslo, Norway;

• FMA Meetings, New York City, New York, USA;

• FDIC-JFSR Bank Research Conference, Washington DC, USA;

• 21st Annual Conference on Financial Economics and Accounting (FEA),

Smith School of Business, University of Maryland, Baltimore, Maryland,

USA;

• University of Tübingen, Tübingen, Germany;

• UniCredit Conference on Banking and Finance (Discussant), Milan, Italy;

• Conference on Credit Rating Agencies and the Certification Process,

(Discussant), Humboldt-Universität zu Berlin, Berlin, Germany.

Simon Wakeman

• European Policy for Intellectual Property (EPIP) Annual Conference,

September, Maastricht, The Netherlands;

• Innovation seminar, Haas Business School, University of California at

Berkeley, September, Berkeley, California, USA;

• West Coast Research Symposium on Technology Entrepreneurship,

University of Oregon, August, Eugene, Oregon, USA;

• Pacific Rim Innovation Conference, January, Melbourne, Australia;

• Innovation and Institutions Conference, Harvard Business School, Boston,

Massachusetts, USA;

• DIW, Berlin, Germany.

ESMT Report 49


10. Editorial activities C. B. Bhattacharya

• Editorial Review Board, Journal of the Academy of Marketing Science;

• Special Issue Editor, Journal of Public Policy and Marketing;

• Editorial Review Board, Business Ethics Quarterly;

• Editorial Review Board, Corporate Reputation Review.

Francis Bidault

• Editorial Board, Business Management Review, launched by MDI Business

School, Algiers.

Francis de Véricourt

• Associate Editor, Operations Research and IIE Transactions.

Paul Heidhues

• Associate Editor, The BE Journals in Theoretical Economics;

• Associate Editor, Journal of Industrial Economics.

Konstantin Korotov

• Editorial Board, Journal of Leadership and Organizational Studies;

• Editorial Advisory Board, Emerald Emerging Markets Case-Studies.

Mario Rese

• Editorial Board, DBW;

• Editor, International Journal of Revenue Management (IJRM).

Lars-Hendrik Röller

• Editorial Board, Global Competition Litigation Review;

50 ESMT Report


• Advisory Board, Journal of Competition Law and Economics;

• Editor, Journal of German and European Competition Law [Wettbewerb

und Wirtschaft];

• Associate Editor, Journal of Productivity Analysis.

Catalina Stefanescu-Cuntze

• Editorial Board, Journal of Revenue and Pricing Management.

Luc Wathieu

• Editorial Board, Journal of Consumer Research;

• Editorial Board, International Journal of Research in Marketing (IJRM);

• Editorial Board, Recherche et Applications en Marketing (RAM).

ESMT Report 51


11. Research visits Guillermo M. Gallego, Industrial Engineering and Operations Research

Department, Columbia University

March 17–19.

Oliver E. Williamson, Professor of the Graduate School and Edgar F. Kaiser

Professor Emeritus of Business, Economics, and Law, Haas School of Business,

University of California at Berkeley

May 30–June 6.

Dirk Hackbarth, Department of Finance, University of Illinois at Urbana-

Champaign

June 11–21.

Sarit Moldovan, Faculty of Industrial Engineering and Management Technion -

Israel Institute of Technology

June 20–24.

Sridhar Moorthy, Manny Rotman Professor of Marketing, University of Toronto

June 25–28.

Stéphane Caprice, Toulouse School of Economics, INRA and GREMAQ

June 28–29.

Joseph A. Clougherty, College of Business, University of Illinois at Urbana-

Champaign

July 2–23.

Sankar Sen, Zicklin School of Business, Baruch College, City University New

York

July 4–11.

52 ESMT Report


Moshe Hoffman, Rady School of Management, University of California at San

Diego

September 9–10.

Elizabeth Florent-Treacy, INSEAD Global Leadership Centre

October 18–19.

Christopher Olivola, Cognitive, Perceptual and Brain Sciences, University

College London

October 18–20.

Andreas Blume, Department of Economics, University of Pittsburgh

November 6-9.

Oliver Bilal, Allianz Global Investors Europe GmbH

November 12–13.

Botond Kőszegi, Department of Economics, University of California at

Berkeley

November 15–18.

Mary J. Waller, Organization Studies, Schulich School of Business, York

University

December 12–23.

ESMT Report 53


12. Non-English publications

12.1 Books

Plötner, O., B. Sieben, and T. Kummer

Kosten- und Erlösrechnung.

Berlin: Springer.

12.2 Book chapters

Bhattacharya, C. B.

Triple bottom line reporting: Kein Nullsummenspiel.

In Corporate Responsibility 2010: Nachhaltiges Wirtschaften – Verantwortung

und Chance für Unternehmen, ed. A. Häberle, 46–51. Frankfurt am Main: ACC

Verlag.

12.3 Other publications

Bhattacharya, C. B.

Von Yuppies zu Lohas.

Manager Magazin, Online: June 1.

In German.

Coenenberg, A., and U. Linnhoff

Strategic and operational controlling, 2nd ed.

ESMT Web Based Training.

54 ESMT Report



Der verdrängte Bankkunde.

Manager Magazin, Online: November 16.

In German.

Hagen, J.

———Was tun, wenn der Chef falsch liegt?

Manager Magazin, Online: July 14.

In German.

———Umgang mit Fehlern in Hierarchien: Lektionen aus dem Cockpit.

ESMT Customized Solutions Compact 1.

In German.

Korotov, K.

———Avoiding only punishable actions is living according to Pavlov, or, if you

will, eternal childhood.

Sekret Firmy 8(300).

In Russian.

———Humans, as we know, are weak.

Sekret Firmy 4(296).

In Russian.

———Nachhaltigkeitsobjekt Mensch.

Deutsche Welle, Online: June 15.

In German.

———Stress, Kündigungen, Überlastungen.

Manager Magazin, Online: May 26.

In German.

———The protagonist found himself in a situation of conflicting commitments.

Sekret Firmy 1-2 (294).

In Russian.

Kupp, M., and O. Plötner

So grün und erfolgreich ist deutsche Technologie.

Manager Magazin, Online: May 11.

In German.

ESMT Report 55


Lei, Z.

Reklame allein reicht nicht.

Manager Magazin, Online: December.

In German.

Linnhoff, U., and B. Pellens

Value-based investment planning, 2nd ed.

ESMT Web Based Training.

Plötner, O.

———Jenseits des Stammgeschäfts.

Manager Magazin, Online: June 18.

In German.

———Innovation ohne Schnickschnack.

Frankfurter Allgemeine Zeitung, April 19, 12.

In German.

Wakeman, S.

Handeln, damit nicht andere profitieren.

Manager Magazin, Online: November 2.

About ESMT ESMT European School of Management and Technology is an international

business school based in the heart of Europe in Berlin. The School was founded by

25 globally operating companies and institutions to develop entrepreneurial

leaders, who think globally, act responsibly and respect the individual. ESMT

offers Full-time MBA and Executive MBA programs, as well as executive education

in the form of open enrollment and customized programs. The School also

features in-house research-oriented consulting services. ESMT strives to generate

relevant and ground-breaking knowledge for managers, business and policy

makers through the integration of world-class research with a practice-oriented

approach. Members of ESMT's faculty come from a wide variety of international,

academic, and professional backgrounds. ESMT’s campus is located in the

historical center of Berlin, with a second campus in Schloss Gracht near Cologne.

High impact learning

ESMT research and teaching focus on practical relevance and applicability. High

impact learning allows participants to translate what they have learned into

action as soon as they get back to their companies and to bring about changes on

the job. ESMT imparts participants with state-of-the-art analytical methods in

management and teaches them to solve real-life management issues. The aim is

to enable participants to take responsibility and accomplish change. ESMT

faculty, made up of both practice-oriented academics and theory-oriented

experts, supports this style of teaching.

More Information:

ESMT European School of Management and Technology

Schlossplatz 1, 10178 Berlin, Germany

Phone: +49 (0) 30 212 31-0

Fax: +49 (0) 30 212 31-9

www.esmt.org

http://www.esmt.org/

ESMT

European School of Management

and Technology GmbH

ESMT Campus

Schlossplatz 1

10178 Berlin

+49(0)30 212 31-1280

[email protected]

www.esmt.org

mailto:[email protected]

mailto:[email protected]

http://www.esmt.org/

2010 ESMT R&D Report · The School’s Center for Leadership Development Research (CLDR) continued...

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