Business

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Consumerism in Crisis as Millennials Stay Away from Shops

Christmas may seem like a distant memory, but retailers won’t forget it in a hurry: it was the worst on the UK high street since 2008. Marks & Spencer and Debenhams saw sales fall, while the likes of specialist retailer Halfords and discounter B&M also struggled. Even that most Christmassy of stores, John Lewis, is...

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New Research Reveals the Enduring Benefits of Hiring a Star

Much has been written about the benefits of collaboration and sharing of ideas and knowledge during the innovation process. Less is known about the intricate skills required to integrate, or synthesise, various raw materials in a way that will maximise creativity, and create innovations that help organisations out-perform their competitors. A new paper entitled, Where...

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Stock Options Worth More for Women, Senior Managers, Study Finds

A novel new way of determining the value of employee stock options has yielded some surprising insights: Options granted to woman and senior managers are worth more because they hold them longer. And options that vest annually rather than monthly are worth more for the same reason. The new valuation method, which combines standard option...

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Work-Family Conflict Hits Home

Researchers have long known that sick children can affect a company’s bottom line, as employees are distracted or have to take time off to care for their children. Far less is known about the impact a parent’s work life has on their children’s health. In a paper published in the Journal of Occupational Health Psychology, researchers report that...

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Board Independence Protects Firms from Corporate Misconduct

The more a company’s board is independent from management, the less likely it will become entangled in corporate misconduct, according to new findings, from a meta-analysis of 135 studies, published in The Journal of Management. The site of independence also matters. Independence on the audit committee particularly shelters firms from misconduct, researchers found. At the same...

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Capri Holdings Limited Completes Acquisition of Versace

Capri Holdings has changed its name from Michael Kors Holdings Limited (NYSE: KORS), and beginning on January 2, 2019, its New York Stock Exchange ticker symbol will be CPRI. The company has also completed its acquisition of Versace. John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said, “With the acquisition of Versace,...

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Older Adults Care About Strangers’ Welfare in Financial Decision-Making

A recent study by researchers from the National University of Singapore (NUS) found that when it comes to making financial decisions under risk, older adults will regard the financial outcomes of others’ as their own and make choices that they would have selected for themselves. “Citizens in approximately one third of the countries around the...

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Heroes and Villains Influence What You Buy

Characters on labels affect desire to buy healthy versus decadent foods Stories about villains and heroes have captured the human imagination for centuries, and now those characters are ubiquitous on the packages and labels of products. But do these characters influence whether people are willing to buy something, and how much they’ll pay for it?...

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New Study Finds Employee Incentives Can Lead to Unethical Behavior in the Workplace

This is Bill Becker, co-author of the study and associate professor of management in the Pamplin College of Business at Virginia Tech. Considering end-of-year bonuses for your employees? Supervisors be forewarned, a new study finds that while incentive rewards can help motivate and increase employee performance it can also lead to unethical behavior in the...