This is a picture of ESMT books and working papers

Publications

ESMT Berlin publishes in international academic journals, which are first-class in their respective fields. Research also provides cutting-edge and profound insights for the business community as well as the classroom through managerial publications and case studies. This rare integration of research and practice makes ESMT Berlin an outstanding location for generating relevant and ground-breaking knowledge.

Conference Proceeding
Forthcoming

Attack simulation for a realistic evaluation and comparison of network security techniques

Secure IT Systems, 23rd Nordic Conference, NordSec 2018
Abstract:
Subject(s): Information technology and systems
Keyword(s): Moving target defense, attack simulation, attack graphs, network modeling

DSI Industrial & Policy Recommendations Series (IPR)
New

Anforderungen an eine "Nationale Blockchain-Strategie" [Requirements for a German "Blockchain Strategy"]

DSI Industrial & Policy Recommendations Series (IPR)
Abstract:
Subject(s): Economics, politics and business environment, Information technology and systems, Technology, R&D management
Keyword(s): Blockchain, distributed ledger, strategy, policy, innovation

In its 2018 coalition agreement, the German federal government has set itself the goal of adopting a "Blockchain strategy" in this legislative period. As part of the planned promotion of Distributed Ledger and Blockchain technologies, the government wants to create a framework for the development and application of these technologies and test them in public administration. The Federal Ministry of Economics and Energy and the Federal Ministry of Finance are jointly in charge of developing the strategy.
On this occasion, in a workshop on 3 July 2018 at the Digital Society Institute of ESMT Berlin, 35 experts from politics, business and science discussed how a national blockchain strategy can be practically organized.
The discussion focused on the questions of what goals such a strategy should have, what the central enablers and appropriate framework conditions for the development and application of Distributed Ledger technologies such as blockchain can be in Germany, and what role the state plays in promoting the technology and managing risks in this technology field.
Sarah Basic and André Eid (Federal Ministry for Economic Affairs and Energy), Dr. Christian Hampel (Ernst & Young GmbH), Dr. Jürgen Kohr (Fujitsu), Dr. Manfred Lochter (Federal Office for Security in Information Technology) and Kai Wagner (Jolocom) gave input speeches to the debate.
Based on the workshop discussion, this paper outlines requirements for a national blockchain strategy.

[Die Bundesregierung hat sich in ihrem Koalitionsvertrag das Ziel gesetzt, in dieser Legislaturperiode eine „Blockchain-Strategie“ zu verabschieden. Im Rahmen der geplanten Förderung von Distributed Ledger und Blockchain Technologien sollen die Rahmenbedingungen für Entwicklung und Einsatz der Technologien verbessert und diese auch in der öffentlichen Verwaltung erprobt werden. Mit der Erarbeitung der Strategie sind federführend das Bundesministerium für Wirtschaft und Energie (BMWi) und das Bundesministerium der Finanzen (BMF) betraut.
Aus diesem Anlass erörterten in einem Workshop am 3. Juli 2018 am Digital Society Institute der ESMT Berlin 35 Experten aus Politik, Wirtschaft und Wissenschaft, wie eine nationale Blockchain-Strategie praktisch organisiert sein kann.
Im Zentrum der Diskussion standen die Fragen, welche Ziele eine solche Strategie haben sollte, was zentrale Ermöglicher und geeignete Rahmenbedingungen für die Entwicklung und Anwendung von Distributed Ledger Technologien wie Blockchain in Deutschland sein können, und welche Rolle dem Staat bei der Förderung und Bekämpfung von Risiken in diesem Technologiefeld zukommt.
Impulsvorträge für die Diskussion hielten Sarah Basic und André Eid (Bundesministerium für Wirtschaft und Energie), Dr. Christian Hampel (Ernst & Young GmbH), Dr. Jürgen Kohr (Fujitsu), Dr. Manfred Lochter (Bundesamt für Sicherheit in der Informationstechnik) und Kai Wagner (Jolocom).
Auf der Grundlage der Workshop-Diskussion skizziert dieses Papier Anforderungen an eine nationale Blockchain-Strategie.]

Pages 14

Conference Proceeding

Leadership and the dark triad: How self-uncertainty helps malevolent leaders rise to the top

Academy of Management Proceedings 2018 (1)
Laura Guillén, Philippe Jacquart, Michael Hogg (2018)
Abstract:
Subject(s): Human resources management/organizational behavior
Keyword(s): Dark triad, self-uncertainty, motivation to lead, hostile attributions, leadership support, experiment

We propose a two-fold explanation, based on self-related uncertainty, to explain why individuals with antisocial personalities may be more likely to attain leadership positions in the upper echelons of organizations. First, in three experiments (Ns = 141, 238, and 602), we showed that individuals who score high on the dark triad of personality (i.e. psychopathy, narcissism and Machiavellianism) react to the distress associated with self-related uncertainty through enhanced hostility against others, which in turn increases their motivation to lead. Second, in two correlational studies (Ns = 58 and 87) and one experiment (N = 180), we found that hypothetical and actual leaders with psychopathic traits are more likely to be supported by individuals who feel uncertain about their own sense of self. Together, our results provide evidence of the significant role played by self-uncertainty in explaining why and when dark triad individuals are able to attain leadership positions. We discuss implications for theory and research on the dark triad, leadership, and identity, and their relevance for understanding both organizational and public leadership.

With permission of the Academy of Management

Volume 2018
Issue 1
ISSN 2151-6561 (Online) 0065-0668 (Print)

Conference Proceeding

When age does not harm innovative behavior and career outcomes

Academy of Management Proceedings 2018 (1)
Abstract:
Subject(s): Human resources management/organizational behavior
Keyword(s): Age, innovative behavior, inter-departmental collaboration, personnel outcomes

Although the topic of aging at work is receiving increasing research attention, it remains unclear if aging employees are less innovative at work and what consequences this relation entails. We integrate the literature on aging with research on innovation to gain a better understanding of whether—and if so, when—employees’ aging harms their professional outcomes via decreased innovative behavior. Multi-source, time-lag data on 305 project managers provides support for the idea that age does not always go hand in hand with low innovative behavior and, subsequently, low professional outcomes. Rather, inter-departmental collaboration works as a social buffer for these negative effects. Specifically, aging employees with low inter-departmental collaboration are less innovative and subsequently less successful. In contrast, the “age handicap” vanishes when aging employees collaborate with other members in their organizations. Our results highlight the importance for organizations to foster collaboration among their members, either formally or informally.

With permission of the Academy of Management

Volume 2018
Issue 1
ISSN 2151-6561 (Online) 0065-0668 (Print)

Conference Proceeding

Patents, data exclusivity, and the development of new drugs

Academy of Management Proceedings 2018 (1)
Fabian Gaessler, Stefan Wagner (2018)
Abstract:
Subject(s): Technology, R&D management
Keyword(s): Patent, pharmaceuticals, drug development

Firms in the pharmaceutical industry typically rely on a period of market exclusivity derived from patent protection and data exclusivity to recoup their investments in R&D. The invalidation of patent rights during drug development renders data exclusivity the sole source of protection and shifts the period of market exclusivity at the project level. Invalidation therefore constitutes a natural experiment that allows us to identify how the duration of market exclusivity affects firms' incentives to innovate. Our analysis is based on a novel data set that links the development histories of drug candidates with underlying patent data. We identify causal effects relying on an instrument for the potentially endogenous patent invalidation. Our findings highlight that shorter durations of market exclusivity reduce the hazards of successful drug commercialization.

With permission of the Academy of Management

Volume 2018
Issue 1
ISSN 2151-6561 (Online) 0065-0668 (Print)

Conference Proceeding

Performance of network position after external shock

Academy of Management Proceedings 2018 (1)
Andrew V. Shipilov, Stan X. Li, Matthew S. Bothner (2018)
Abstract:
Subject(s): Economics, politics and business environment

While we know much about how networks shape organizational performance, we know less about the linkages between networks and performance in the aftermath of exogenous, industry-wide shocks. We examine how the dot-com crash of 2000 affected investment banks’ ability to convert three facets of their positions in inter-firm networks–structural holes, status and fragility–into future performance. We find that the post-crisis performance of banks rich in structural holes does not exceed that of banks in closed networks. Conversely, high-status banks lose their advantage relative to low-status banks, while banks in fragile network positions outperform their robustly positioned peers. External shocks can thus turn the tables–dethroning organizations in typically advantaged network positions, while also opening up new opportunities for their fragile counterparts.

With permission of the Academy of Management

Volume 2018
Issue 1
ISSN 2151-6561 (Online) 0065-0668 (Print)

Conference Proceeding

Shaping the social architecture of a start-up: What raises the social multiplier?

Academy of Management Proceedings 2018 (1)
Abstract:
Subject(s): Economics, politics and business environment, Entrepreneurship

What should a CEO do to increase the social multiplier of a startup? What organizational strategy, in other words, should a manager adopt to shape informal social interactions among employees, so that they perform better in the office than if they telecommuted? We develop a network-based model that contrasts two opposing approaches. The first, consistent with Coleman’s vision of social capital, is embedding. Using an embedding strategy, the CEO fosters strong and dense ties among employees, and thus seeks to raise productivity by facilitating knowledge spillovers and creating social pressure. The second, keeping with White’s theory of social control, is decoupling. Using a decoupling strategy, the CEO promotes weak and sparse connections among employees, and so tries to increase productivity by minimizing distraction. Our findings indicate that, while embedding is generally preferable to decoupling for most kinds of organizations, decoupling is clearly preferable when two conditions are jointly met: the organization’s distribution of human capital is left-skewed and it is populated more by “slackers,” who “look down” in order to self-enhance, than by “climbers” who “look up” to self-improve. Our results also suggest that the zone of network irrelevance–that is, the space of possibilities over which the CEO’s efforts to rewire the network will prove inconsequential–paradoxically contracts as the firm grows: counter to a prevailing picture of small firms as inherently malleable, our model suggests that a CEO achieves less through shaping informal social interactions when the organization is not yet at scale. Implications for future research on networks and organizations are discussed.

With permission of the Academy of Management

Volume 2018
Issue 1
ISSN 2151-6561 (Online) 0065-0668 (Print)

DSI Industrial & Policy Recommendations Series (IPR)

Recommendations for the systematization of IT security law

DSI Industrial & Policy Recommendations Series (IPR) 2018 (2)
Oliver Raabe, Martin Schallbruch, Anne Steinbrück (2018)
Abstract:
Subject(s): Economics, politics and business environment, Information technology and systems, Technology, R&D management
Keyword(s): IT security law, state of the art, protection goals, risk definition, systematization

The report deals with the current situation of IT security law and the chance that there are going to be changes in the near future. Further, it explains the system classification of IT security law and that definitions and regulations are different in every field of expertise. Finally, it deals with the state of the art and gives recommendations.

Volume 2018
Issue 2

ESMT White Paper

Endowment Impact: Gesellschaftlicher Mehrwert von Stiftungen aus Vermögen

ESMT White Paper No. WP-18-01
Abstract:
Subject(s): Economics, politics and business environment, Finance, accounting and corporate governance
Keyword(s): Endowments, charitable foundations, asset management, asset allocation, regulation
JEL Code(s): G10, G11, G23, G28

This paper analyzes investment policies of German foundations and compares them with U.S. university endowments. In 2017, only 65 % of German endowments expected an investment return above the expected inflation rate. This raises the question if German endowments are prepared for the future. The paper indicates areas of improvement derived from best practices of top U.S. university endowments and relates their endowment performance to German endowment proxy portfolios. The analysis shows that U.S. endowments are characterized by a higher degree of diversification and risk taking as well as a better risk allocation. With estimated total endowment assets of EUR 100 billion, leveraging this potential would lead to an increase in German endowment returns of about 2 % or EUR 2 billion per year.


[Gemäß einer Studie des Bundesverbands Deutscher Stiftungen (BVDS) erwarteten für das Jahr 2017 nur noch 65 % der Stiftungen eine Rendite über der Inflationsrate – in den Jahren 2015 und 2016 waren es noch über 80 %. Daher stellt sich die Frage, ob Stiftungen finanziell für die Zukunft gerüstet sind und somit ihrem gemeinnützigen Zweck in der vorgesehenen Weise nachkommen können.

Am Beispiel US-amerikanischer Universitätsstiftungen werden Optimierungshebel für die Anlagepolitik deutscher Stiftungen aufgezeigt. Während Fonds und Festgeld die häufigsten Anlageformen deutscher Stiftungen sind, zeigt die Analyse der US-amerikanischen Universitätsstiftungen, dass diese eine breitere Streuung, eine bessere Berücksichtigung der Risikoallokation und eine höhere Risikobereitschaft aufweisen. Eine Simulation von Referenzportfolios für unterschiedliche Anlagepolitiken deutscher Stiftungen sowie ein Vergleich mit Yale als dem Spitzenreiter US-amerikanischer Universitätsstiftungen zeigt ein Renditepotential von 2 % oder bei einem geschätzten Stiftungsvermögen von 100 Mrd. Euro von 2 Mrd. Euro pro Jahr auf.

Diese Ergebnisse zeigen die Notwendigkeit einer intensiven Beschäftigung mit der Frage, wie Stiftungen zukünftig ihre Vermögen verwalten und sie dabei mit geeigneten Rahmenbedingungen unterstützt werden können.]

Pages 44
Publication Nr. WP-18-01
ISSN 1866–4016 (Print)

Abstract

Bonding by rejecting: Organizations feedback to crowdsourced ideas

Academy of Management Global Proceedings Surrey (2018)
Henning Piezunka, Linus Dahlander (2018)
Abstract:
Subject(s): Marketing
Keyword(s): Big data

Organizations crowdsource ideas from individuals. Individuals whose ideas are not selected for implementation often stop to interact with the organization and submit not further ideas. We hypothesize that organizations can motivate newcomers to submit further ideas by providing a so far understudied form of feedback: rejections. We draw on theories of interaction rituals and matching to develop theory how rejections foster a bond between individuals and organizations. To test our theory we examine the crowdsourcing of 70,196 organizations who receive ideas from 962,570 individuals. We make use of difference in how rejections are written to disentangle the mechanisms how rejections affect individuals willingness to continue to interact with the organization. We discuss the implications for research on idea crowdsourcing, social bonding, and creative processes.

Volume Surrey
Issue 2018
ISSN 2638-4892 (Print)

Abstract

You shall (not) pass: Who votes for whom in granting authority in online knowledge production communities?

Academy of Management Global Proceedings Surrey (2018)
Linus Dahlander, Helge Klapper, Henning Peizunka (2018)
Abstract:
Subject(s): Economics, politics and business environment

Research has examined who gains authority in knowledge production communities, but has neglected the community members granting authority. We ask: when do community members engage in the authority granting process and why do they support or oppose a candidate? We theorize that community members willingness to engage in the authority granting process depends on their task similarity. We depart from earlier literature by arguing that task similarity is a two-edged sword as a source of support and opposition, which we explain is related to strategic considerations of the voter. Using a unique dataset of all Wikipedia elections from 2003 to 2014, we study when community members vote and whether they vote in favor or against candidates standing for election for administrator positions.

Volume Surrey
Issue 2018
ISSN 2638-4892 (Print)

Conference Proceeding

The governance of safety and security risks in connected healthcare

IET Conference & Seminar Publications CP740
Abstract:
Subject(s): Health and environment, Information technology and systems
Keyword(s): Medical devices, e-health, IoT, governance, cybersecurity, safety

Online article

Tolerating failure: A key to creating sustainable business

The European Business Review
CB Bhattacharya, Ernesto Ciorra, Joanna Radeke (2018)
Abstract:
Subject(s): Ethics and social responsibility
Keyword(s): Sustainability, innovation, failure

DSI Industrial & Policy Recommendations Series (IPR)

Cybersecurity 2018-2020: Proposals for action for the CDU/CSU and SPD

DSI Industrial & Policy Recommendations Series (IPR) 2018 (1)
Abstract:
Subject(s): Economics, politics and business environment, Information technology and systems, Technology, R&D management
Keyword(s): IT security, cybersecurity

The report gives an overview on the current situation on cybersecurity and the political handling of that topic. It also recaps the goals and failures of the last four years and recommends action areas.

Volume 2018
Issue 1

Teaching material

The essence of strategy

ESMT Publication
Olaf Plötner, Harald Hungenberg (2018)
Abstract:
Subject(s): Marketing, Strategy and general management
Keyword(s): Competitive advantage, customer segments, product technology, business model, growth options, company’s value, portfolio management, merger & acquisitions, corporate synergies

The paper summarizes the key elements of business strategies as well as corporate strategies and puts them together as a synchronized framework.


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