LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. have managed to salvage their deal, with the French luxury goods conglomerate agreeing to pay a few dollars less per share to acquire the New York-based jewelry company. In a statement on Thursday, the parties confirmed that LVMH will pay $131.5 per Tiffany share, down from...
Commerce
How Initiatives Empowering Employees Can Backfire
Strategies meant to motivate people in the workplace may have unintended consequences — depending on who’s in charge. Recent research from Michigan State University and Ohio State University shows that empowerment initiatives aren’t necessarily the answer for business leaders hoping to motivate their employees. “People tend to think of empowerment in uniformly positive ways,” said...
How Fear Encourages Physical Distancing During Pandemic
Welcome to shopping during the coronavirus pandemic: customers clad in masks, slathered with sanitizer and surrounded by signage urging them to avoid close contact. Despite guidelines plastered on the walls and floors of grocery and retail stores encouraging customers to maintain six-feet of physical distance, many do not. A new study by researchers at the...
The Valuation of a Company’s Investment Properties May Bring Surprises
In addition to the financial statements and balance sheet, an investor should also go through the notes and understand their content, says Juha Mäki, who is defending his doctoral dissertation in University of Vaasa. For example, the valuation of a company’s investment properties in the financial statements may bring surprises depending on whether the company...
Customers Prefer Partitions Over Mannequins in Socially-Distanced Dining Rooms
Restaurants around the world were forced to shut down their dining rooms at the onset of the COVID-19 pandemic earlier this year to comply with stay-at-home orders. While many operations closed for good, others reopened at limited capacity several weeks later, sparking creative solutions to enforce social distancing guidelines, including utilizing mannequins. Others were more...
How Consumers Responded to COVID-19
The unpredictability of the COVID-19 pandemic and its impact on people’s daily lives has facilitated changes ranging from social interactions to purchasing behavior. Adjusting to the many disruptions may seem difficult, but people are more adaptive than you might think, according to findings published in the October 2020 issue of the Journal of Consumer Research. The...
A Circular Economy Could Save the World’s Economy Post-Covid-19
The Covid-19 pandemic has challenged all facets of human endeavours, and seven months later the economic effects are particularly being felt. How the world can leverage the positive and negative effects of COVID-19 to build a new, more resilient and low-carbon economy has been analysed by a group of academics led by WMG, University of...
Pandemic-Related Stress Leads to Less Employee Engagement
As COVID-19 cases surged this spring, the pandemic led some people more than others to ponder their own mortality. A new study in China and the United States suggests that these people were the ones who showed the highest levels of stress and the least engagement at work. But the research also uncovered a bright...
NFL Teams with Critical Mass of Women Executives Have Fewer Football Player Arrests
Keeping players on the field and out of the courtroom is key for a team’s success. A new study provides a possible pathway to reduce off-the-job player misconduct and it starts at the top. The researchers, Profs. Mary Graham and Bhavneet Walia from Syracuse University along with Chris Robinson from Tulane University, have concluded that...
How Narcissistic Leaders Infect Their Organizations’ Cultures
Mirror, mirror on the wall, who’s the fairest of them all? The answer: not the organizations led by narcissists. A new paper by University of California – Berkeley Haas School of Business Professor Jennifer Chatman and colleagues shows not only the profound impact narcissistic leaders have on their organizations, but also the long-lasting damage they inflict. Like...