TY - GEN AU - Herrmann, Philipp AU - Rahman, Mohammad ID - 2721 TI - Exploring the Relationship Between Local Market Structure and Digitized Customer Experience ER - TY - CONF AB - Mobile application development is an emerging lucrative and fast growing market. With the steady growth of the number of apps in the repositories the providers will inevitably face the need to fine-grain the existing hierarchy of categories used to organize the apps. In this paper we present a method to bootstrap the categorization process via topic modeling. We apply Latent Dirichlet Allocation (LDA) to the textual descriptions of iTunes apps in order to identify recurrent topics in the collection. We evaluate and discuss the results obtained from training the model on a set of almost 600,000 English-language app descriptions. Our results demonstrate that automated categorization via LDA-based topic modeling is a promising approach, that can help to structure, analyze and manage the content of app repositories. The topics produced complement the original iTunes categories, concretize and extend them by providing insights into the underlying category content. AU - Vakulenko, Svitlana AU - Müller, Oliver AU - Brocke, Jan vom ID - 17111 T2 - International Conference on Information Systems TI - Enriching iTunes App Store categories via topic modeling ER - TY - JOUR AU - Dimant, Eugen AU - Krieger, Tim AU - Redlin, Margarete ID - 2729 IS - 4 JF - German Economic Review SN - 1465-6485 TI - A Crook is a Crook … But is He Still a Crook Abroad? On the Effect of Immigration on Destination-Country Corruption VL - 16 ER - TY - JOUR AU - Gries, Thomas AU - Meierrieks, Daniel AU - Redlin, Margarete ID - 33087 IS - 1 JF - Oxford Economic Papers KW - Economics and Econometrics SN - 0030-7653 TI - Oppressive governments, dependence on the USA, and anti-American terrorism VL - 67 ER - TY - JOUR AU - Schnedler, Wendelin AU - Vanberg, Christoph ID - 5778 JF - European Economic Review TI - Playing hard to get: an economic rationale for crowding out of intrinsically motivated behavior ER - TY - JOUR AU - Bischof, Jannis AU - Ebert, Michael ID - 23413 JF - Schmalenbach Business Review SN - 1439-2917 TI - IFRS 7 Disclosures and Risk Perception of Financial Instruments VL - 66 ER - TY - CONF AU - Florou, Annita AU - Kosi, Urska ID - 37107 TI - Does mandatory IFRS adoption facilitate debt financing? ER - TY - GEN AU - Koren, Jernej AU - Kosi, Urska AU - Valentincic, Aljosa ID - 37090 TI - Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk ER - TY - CONF AU - Beutner, Marc AU - Kundisch, Dennis AU - Magenheim, J. AU - Zoyke, A. ID - 2742 T2 - Proceedings of the World Conference on E-Learning TI - Support, Supervision, Feedback and Lecturers Role in the use of the Classroom Response Systems PINGO ER - TY - JOUR AB - This study examines the determinants of financial firms' lobbying behaviour in the replacement process of International Financial Reporting Standard 4 (IFRS 4) Insurance Contracts. Based on comment letters in response to International Accounting Standards Board's (IASB) Exposure Draft 2010/8, we investigate firms' lobbying decisions and their long-term lobbying intensity. Using an international sample of publicly listed financial firms, we show that insurance companies and financially constrained IFRS firms are more likely to lobby the IASB. We also examine the long-term lobbying activity in the IFRS 4 replacement process during the years 2007–2010. We find that insurance companies and firms with dispersed ownership lobby more. Our results are stronger for IFRS firms compared to US generally accepted accounting principles users. Overall, we document intense lobbying by financial firms and present results that are largely consistent with economic consequences of anticipated accounting changes being the main driver of firms' lobbying behaviour. These results are in line with prior findings for non-financial firms. AU - Kosi, Urska AU - Reither, Antonia ID - 4037 IS - 1 JF - Accounting in Europe KW - standard setting KW - IASB KW - corporate lobbying KW - financial firms KW - IFRS 4 TI - Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process VL - 11 ER - TY - JOUR AB - This study examines the effect of audit on private firms’ cost of debt. We use a sample of 1,949 small private firms operating in the period 2006-2010 with optional financial statement audit. High quality data allows us to construct a more precise interest rate measure than existing studies employ. After controlling for obvious sources of demand for voluntary audits (ownership complexity, subsidiary status, bank relations), we find a robust central result that voluntary audits increase rather than decrease the cost of debt financing, contrary to several existing studies. This finding indicates that voluntary audits are generally treated as “adopting a label” and penalised by creditors, regardless of the perceived auditor quality as a result of the lemon problem in the audit market. Even Big-4 audits increase the cost of debt, likely as a result due to the lemon problem in the audit market, although the increase is smaller than for non-Big-4 audits. The results are sensitive to the estimation method used (OLS, Heckman’s two-step, PSM) and (sub-)sample selection. We show that disregarding the underlying assumptions of these estimation methods may lead to incorrect inferences. Additional analyses show that audited firms’ reported earnings are less informative about future operating performance than earnings of their unaudited counterparts. Our results also indicate that results are sensitive to cost of debt definition and this might have affected the results reported in the existing literature. AU - Koren, Jernej AU - Kosi, Urska AU - Valentincic, Aljosa ID - 4879 JF - SSRN Electronic Journal TI - Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? ER - TY - THES AU - Janssen, Elmar ID - 46588 TI - The Influence of Peers and Politics on Economic Outcomes - Empirical and Experimental Evidence in the Fields of Social Norms, Politically Connected Firms, Taxation and Climate Change ER - TY - CONF AU - Eggert, A. AU - Münkhoff, Eva AU - Thiesbrummel, C. ID - 46695 T2 - 43rd EMAC Annual Conference, Valencia TI - Service transition: A viable option for manufacturing companies with declining financial performance? ER - TY - CONF AU - Kanuri, V. AU - Münkhoff, Eva AU - Scheer, L. K. ID - 46692 T2 - ISBM 2014 Academic Conference, San Francisco, CA TI - Service transition versus service infusion: Different pathways to success for service-oriented manufacturers? ER - TY - CONF AU - Münkhoff, Eva AU - Eggert, A. AU - Terho, H. AU - Haas, A. AU - Ulaga, W. ID - 46693 T2 - ISBM 2014 Academic Conference, San Francisco, CA TI - Salespersons’ solution crafting capability: A knowledge-based perspective ER - TY - CONF AU - Eggert, A. AU - Haas, A. AU - Terho, H. AU - Ulaga, W. AU - Münkhoff, Eva ID - 46694 T2 - ISBM 2014 Academic Conference, San Francisco, CA TI - Selling value in business markets: Why a powerful idea often fails ER - TY - JOUR AB - In many business markets, manufacturers seek service-led growth to secure their existing positions and continue to grow in increasingly competitive environments. Using longitudinal data from 513 German mechanical engineering companies and latent growth curve modeling, this study offers a fine-grained view of the financial performance implications of industrial service strategies. By disentangling the revenue and profit implications of industrial service strategies, findings reveal that such strategies increase both the level and the growth of manufacturing firms’ revenue streams. In contrast, they reduce the level but improve the growth of manufacturers’ profits. Results further suggest that services supporting the clients’ actions (SSC) and services supporting the supplier’s product (SSP) affect performance outcomes in different ways. SSCs directly affect revenue and profit streams. In turn, SSPs display only indirect effects on financial performance mediated through SSCs. A moderator analysis identifies two organizational contingencies that facilitate service business success: Only companies with decentralized decision-making processes and a high share of loyal customers can expect favorable financial results from industrial service strategies. In summary, this research provides significant insights and managerial guidance for turning service strategies into financial successes. AU - Eggert, Andreas AU - Hogreve, Jens AU - Ulaga, Wolfgang AU - Münkhoff, Eva ID - 41341 IS - 1 JF - Journal of Service Research KW - Organizational Behavior and Human Resource Management KW - Sociology and Political Science KW - Information Systems SN - 1094-6705 TI - Revenue and Profit Implications of Industrial Service Strategies VL - 17 ER - TY - JOUR AU - Schneider, Martin AU - Eggert, Andreas ID - 4958 IS - 1 JF - Journal of Business Market Management TI - Embracing complex causality with the QCA method: An invitation ER - TY - JOUR AB - Purpose– In this viewpoint, the authors aim to discuss sustainability issues in university education. Balancing what we call the “Accounting View” and the “Sustainability View”, the authors illuminate the status of value relevance of sustainability information and question the depth of business students' processing of this information.Design/methodology/approach– The discussion was triggered by an experimental study on sustainability disclosure which revealed interesting findings related to the participating students' prior sustainability and accounting coursework. The authors start the viewpoint from these findings and contrast them with existing views on sustainability and accounting (education).Findings– The amount of accounting coursework was positively related to the probability of including sustainability information in future stock value estimates, whereas this applied only marginally to sustainability coursework. However, students with more sophisticated sustainability knowledge seemed to scrutinize the given sustainability information more deeply, while students with “pure” accounting knowledge seemed more willing to simply accept the information.Practical implications– The authors argue for advancements in the curriculum for business students that foster critical thinking and might prevent students (and thus potential future managers) from using sustainability information superficially. The authors caution against regarding sustainability issues as an “add-on” to existing courses and curricula and call for a combination of integrating sustainability issues in (core) business courses and offering standalone courses on sustainability management or CSR.Originality/value– Triggered by findings from an experimental study, the authors contrast different opinions on sustainability education of business students and offer a new viewpoint on the (supposed) value relevance of sustainability information for future business leaders. AU - Hahn, Rüdiger AU - Reimsbach, Daniel ID - 47906 IS - 1 JF - Journal of Global Responsibility KW - Business and International Management SN - 2041-2568 TI - Are we on track with sustainability literacy? VL - 5 ER - TY - JOUR AB - AbstractIn this paper, we propose a binomial approach to modeling sequential R&D investments. More specifically, we present a compound real options approach, simplifying the existing valuation methodology. Based upon the same set of assumptions as prior models, we show that the number of computational steps for valuing any compound option can be reduced to a single step. We demonstrate the applicability of our approach using the real-world example of valuing a new drug application. Overall, our work provides a heuristic framework for fostering the adoption of binomial compound option valuation techniques in R&D management. AU - Hauschild, Bastian AU - Reimsbach, Daniel ID - 47908 IS - 1 JF - Business Research KW - Business KW - Management and Accounting (miscellaneous) SN - 2198-3402 TI - Modeling sequential R&D investments: a binomial compound option approach VL - 8 ER -