Study reveals how generational change and family events are associated with a person’s wealth A new study conducted by the Max Planck Institute for Demographic Research (MPIDR), the University of Cologne, GESIS and the Norwegian Institute of Public Health explores how an individual’s financial wealth changes in relation to generational transitions within the family. The...
Commerce
Many Wealthy Members of Congress Are Descendants of Rich Slaveholders − New Study Demonstrates the Enduring Legacy of Slavery
The legacy of slavery in America remains a divisive issue, with sharp political divides. Some argue that slavery still contributes to modern economic inequalities. Others believe its effects have largely faded. One way to measure the legacy of slavery is to determine whether the disproportionate riches of slaveholders have been passed down to their present-day...
Color Complexity in Social Media Posts Leads to More Engagement, New Research Shows
If you work in digital marketing, you don’t need to be told a picture’s worth a thousand words. More than half of content marketers say images are crucial for achieving their social media goals, and a staggering 70% of users prefer image-based posts over text, surveys have found. But which types of visuals work best?...
Mytheresa to Acquire Loss-Making YNAP from Richemont
Richemont has finally landed a buyer for Yoox Net-a-Porter following reports this spring that the Swiss luxury goods behemoth was preparing to sell off the luxury e-commerce platform for next to nothing. Sources tell TFL that the buyer is NYSE-traded e-commerce platform Mytheresa, which is the last interested party in the mix after the likes of Bain Capital...
Why Using a Brand Nickname in Marketing Is Not a Good Idea
Researchers from Western University, Stockton University, and University of Massachusetts Amherst published a new Journal of Marketing article that examines if firms benefit from adopting popular nicknames in their branding efforts. The study, forthcoming in the Journal of Marketing, is titled “BMW is Powerful, Beemer is Not: Nickname Branding Impairs Brand Performance” and is authored by Zhe Zhang, Ning Ye, and Matthew Thomson....
Transition to a Circular Bioeconomy Requires Getting Prices Right
Conventional food and agricultural production systems employ a linear “take, make, waste” approach: taking natural resources from the Earth to make food and fuel, generating waste that contaminates the soil and water, and emitting harmful pollutants. More recently, a new model of production is gaining traction in the scientific and business community: a “circular bioeconomy”...
Experienced and Powerful Boards Are Needed to Harness the Power of Overconfident CEOs for Breakthrough Innovations
C-suites are filled with strong personalities that can help drive new and exciting offerings. But when it comes to breakthrough technological innovations, a new study published in Strategic Management Journal found it’s essential that CEO overconfidence is balanced by a board of directors with expertise and power. Prior studies have shown that overconfident CEOs are more likely to pursue...
Outdoor Businesses and Venues Could Benefit from Boosting Biodiversity
University of East Anglia researchers hid speakers in vineyards along tour routes which played additional birdsong and created ‘enhanced soundscapes’ that were louder and more diverse Visitors to vineyards were more satisfied with their tours and experience when they were exposed to this enhanced soundscape of varied bird species Researchers say the findings suggest that...
Age Trumps Gender, Income and Postcode for Consumers’ Clothing Habits
The first-ever nationwide study into how Australians use and dispose of clothing has revealed people are buying too many clothes and are unsure how to discard them responsibly. Conducted by RMIT University and commissioned by the Kmart Group and the Queensland Government, a study of 3,080 Australians explored how they acquired, used and disposed of...
Key Witness in Trial of FTX Founder Sam Bankman-Fried Seeks No Prison Time at Upcoming Sentencing
Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried ’s collapsed cryptocurrency empire and his former girlfriend, is seeking no prison time at her sentencing later this month. Lawyers for Ellison made the request shortly before midnight Tuesday in a filing in Manhattan federal court in advance of a sentencing scheduled for Sept. 24. The...