Current Business News and Events

Current Business News and Events, Business News Articles.
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Study of auto recalls shows carmakers delay announcements until they 'hide in the herd'
Automotive recalls are occurring at record levels, but seem to be announced after inexplicable delays. A research study of 48 years of auto recalls announced in the United States finds carmakers frequently wait to make their announcements until after a competitor issues a recall - even if it is unrelated to similar defects. (2021-02-22)

High-tech start-ups benefit from Twitter hype
Study shows correlation between Twitter sentiment and the valuation of start-ups by venture capitalists / Patents are stronger indicators of long-term success (2021-02-16)

Learn what you live? Study finds watching others can reduce decision bias
New research finds first evidence that watching and learning from others can help reduce bias and improve decision-making. In business, the results could help improve hiring practices or increase cost savings. (2021-02-11)

Small and medium-sized firms use social media to reach and persuade new customers
During the COVID-19 pandemic, small and medium-sized firms (SME) have become increasingly dependent on social media as a tool for their international sales process, according to a recent study published in International Business Review. Digital communication tools seem to be most prevalent in finding and reaching new prospects and in the persuasion phase, whereas more traditional communication tools still prevail in customer relationship management. (2021-02-09)

Potential for misuse of climate data a threat to business and financial markets
Climate information is at risk of being misconstrued and used inappropriately in financial reports and has the potential to expose businesses to significant risk, according to a new paper by Australian researchers. (2021-02-08)

Don't let pressure of one-upmanship dictate your gift selection
Researchers from Carnegie Mellon's Tepper School of Business and West Virginia University's John Chambers College of Business and Economics set out to understand gift giving dynamics in these settings and how a giver's and a recipient's evaluation of the giver's gift is influenced by the other gifts the recipient receives. (2021-02-01)

Entrepreneurs benefit more from emotional intelligence than other competencies, such as IQ
Running a successful business has its challenges, but the COVID-19 pandemic has required many owners to pivot and look for new ways to operate profitably while keeping employees and consumers safe. Research from the Indiana University Kelley School of Business found that emotional intelligence - the ability to understand, use and manage emotions to relieve stress - may be more vital to a business' survival than previously thought. (2021-01-28)

Cannabis use both helps and hurts entrepreneurial creativity
When entrepreneurs dream up ideas for new businesses, cannabis use might help, and hinder, their creativity, according to a new study by WSU researchers. (2021-01-26)

Marketing has major benefits for entrepreneurs in emerging markets, study shows
New research from Notre Dame shows marketers can help entrepreneurs in emerging markets grow their businesses, which in turn helps them to improve lives, sustain livelihoods, enhance overall living standards and strengthen societies. (2021-01-26)

Abusive bosses 'fake nice' instead of 'make nice'
Rather than take steps to genuinely repair damage caused by their abusive behavior, such as offering sincere apologies, many of the bosses in this study were more concerned about repairing their social images. (2021-01-22)

Study finds bilateral agreements help developing economies spur foreign investment
Developing economies suffer from a paradox: they don't receive investment flows from developed economies because they lack stability and high-quality financial and lawmaking institutions, but they can't develop those institutions without foreign funds. A new study finds that bilateral investment treaties, known as BITs, can help developing economies overcome this paradox, but only as long as those countries can demonstrate a commitment to property and contract rights. (2021-01-21)

Bosses need appreciation, too
'Tis the season to be grateful, even for your boss, according to a recent A new study suggests that when supervisors feel appreciated, it gives them a boost of energy and optimism. In the end, that's good for employees and the organization's bottom line. (2020-12-10)

Why untraceable cryptocurrencies are here to stay
Financial regulators have a wait and see approach to decentralized privacy-preserving cryptocurrencies, letting them mature before deciding how to regulate them. Yet they assume there will be some way for oversight in the future to track extraordinary transactions linked to organized crime, terrorism financing and money laundering. (2020-11-17)

Here's why conservatives and liberals differ on COVID-19
According to a new study from Lehigh Business, the differences between conservative and liberal responses to COVID-19 are mitigated when people perceive the virus itself to have agency -- the ability to control its own actions and thus exert power over people. Conservatives are generally more sensitive to threats that are relatively high in agency, say researchers with Lehigh University's College of Business and KU Leuven, Belgium. (2020-11-13)

Faster disclosure under RTRS delivering transparency that helps muni market stakeholders
University of Oregon researchers have found three-fold benefits when the gap in trade reporting in municipal bond markets changed from a full day to fifteen minutes after implementation of the Real-Time Transaction Reporting System. Municipalities, they report, can benefit from the real-time reporting system through more efficient capital markets, creating benefits for society because municipal bond offerings fund infrastructure investments that often improve quality of life, education and public safety. (2020-11-10)

New study by ESMT Berlin shows political commitment increasingly important for CEOs
Political and social engagement is a relevant topic for European business leaders. CEOs are increasingly making public statements on political issues in order to make a positive contribution to socially relevant topics. These are the findings of a recent study at ESMT Berlin. (2020-11-02)

Save it or spend it? Advertising decisions amid consumer word-of-mouth
Most people have seen or heard from a friend, neighbor or family member about a product or service they've used and how their experience was. It's called observational learning or word-of-mouth. These communications don't provide an unbiased assessment of true quality. Given this, businesses are faced with the difficult decision of determining when and how to spend their ad dollars. (2020-10-19)

Study shows keeping gratitude journal reduces gossip, incivility in workplace
Gratitude interventions in the workplace can help employee well-being and managers can use these efforts to foster more respectful behavior in their teams. (2020-09-22)

For job seekers with disabilities, soft skills don't impress in early interviews
A new study by Rutgers University researchers finds that job candidates with disabilities are more likely to make a positive first impression on prospective employers when they promote technical skills rather than soft skills, such as their ability to lead others. (2020-09-10)

Rethinking business: Disruptions like the corona crisis also create new opportunities
Study analyses importance of historical times of change and the significance of disruptions for new success strategies. Examples show how the corona situation may benefit new ventures. (2020-09-09)

CEOs with uncommon names tend to implement unconventional strategies
If you're looking for an unconventional approach to doing business, select a CEO with an uncommon name, according to new research co-authored by an expert at Rice University's Jones Graduate School of Business. (2020-09-08)

Analysis: Health sector, big pharma spent big on lobbying for COVID-19 funding
To date, Congress has authorized roughly $3 trillion in COVID-19 relief assistance -- the largest relief package in history. With more COVID relief money on the way, a new analysis in the Journal of General Internal Medicine finds these newly available funds led to a significant surge in health sector lobbying activity, especially within the pharmaceutical industry. (2020-08-12)

New study suggests ADHD- like behavior helps spur entrepreneurial activity
Many people have experienced a few nights of bad sleep that resulted in shifting attention spans, impulsive tendencies and hyperactivity the next day -- all behaviors resembling ADHD. A new study found that this dynamic may also be linked to increased entrepreneurial behavior. (2020-08-12)

Harvard research identifies business travel as driver of economic growth
Research from Harvard Kennedy School's Growth Lab finds a direct link between a country's incoming business travel and the growth of new and existing industries. The findings, published in the journal Nature Human Behaviour, support a Growth Lab hypothesis that moving 'knowhow' is critical to economic growth, and business travel plays a key part in that process. The research also raises new concerns about the economic implications of the international travel restrictions imposed to combat COVID-19. (2020-08-11)

Career-readiness through cross-disciplinary project-based learning
Faculty members at Washington State University Everett recently developed and implemented an interdisciplinary project-based learning approach to provide students with real-world professional experience. (2020-08-05)

People with coronavirus symptoms more likely to have psychiatric disorders and loneliness
People who have or had COVID-19 symptoms are more likely to develop general psychiatric disorders and are lonelier, with women and young people more at risk, says a just-published study co-authored at Cambridge Judge Business School. (2020-07-13)

To make a good impression, leave cell phone alone during work meetings
New hires especially should keep their cell phones stashed away during business meetings, a new study strongly implies. Two University of Kansas researchers have just published a paper that finds viewers perceive someone who appears to be using their cell phone during a business meeting far more negatively than someone who takes notes on a pad. (2020-06-17)

Red tape may have a silver lining for micro businesses -- new study
Small business owners who complain about excessive regulation may be overlooking the business benefits it brings, according to a new study from the University of Bath. (2020-06-08)

Insurers should be willing to negotiate coronavirus claims to avoid courts being overwhelmed, study
Insurers should be open to negotiating coronavirus claims to avoid courts becoming overwhelmed with disputes, a new study warns. (2020-06-02)

Finding working capital is key to small businesses efforts as reopening accelerates
Small businesses are suffering affer a long pandemic shutdown and they are worried about what will be needed as they begin to reopen. Interviews with a select group of small business owners found that access to working capital is key to reopening, as well as clear guidance from government or trade organizations about how to reopen safely during the pandemic. (2020-05-27)

Scarcity reduces consumers' concerns about prices, even during a pandemic, research shows
New research published in the Journal of Consumer Marketing Research finds that scarcity actually decreases consumers' tendency to use price to judge a product's quality. (2020-05-13)

Eurovision voting points to more than just musical tastes
Although this year's Eurovision Song Contest has been postponed due to the COVID-19 outbreak, academics from the University of Stirling and University of Glasgow have revealed interesting patterns from previous years' public votes. Dr. Isaac Tabner, from Stirling Management School, and Dr. Antonios Siganos, from the Adam Smith Business School, have looked at how each country's votes for its favorite song can give an indication of the likelihood and nature of business exchanges across borders. (2020-05-11)

Key failings in government's approach to COVID-19 preparations and emergency response
The UK government made key failings in their strategic preparations and emergency response to coronavirus and this, in turn, undermined the NHS's ability to cope with the crisis. These are the findings recently published in a research paper for the Journal of Risk Research by academics from Cass Business School, Glasgow Caledonian University, Vlerick Business School, and Nottingham University Business School. (2020-05-07)

New PSU study spotlights the dark side of venture capitalist funding
A new study by PSU found that the aggressive cultures of private equity firms, like venture capitalists, might spill over into the companies that they fund. The study suggests that venture capitalist investors often push a business they are financing to prioritize long-term financially-based goals instead of socially responsible business ones, like fair wages, reducing carbon footprints or improving labor policies. (2020-05-04)

Creating buzz with potential end-users helps entrepreneurs with crowdfunding campaigns
Entrepreneurs launching a crowdfunding campaign to fund new product development benefit by reaching out early to engage with potential end-users, say business researchers from three universities. (2020-04-30)

New research finds cost transparency can increase sales 20%
Businesses don't typically disclose information to consumers on how much it costs to produce a product. However, new research in the INFORMS journal Marketing Science provides evidence that doing so can increase consumers' purchase interest by more than 20%. (2020-04-23)

Portland State study finds bike lanes provide positive economic impact
Despite longstanding popular belief, bicycle lanes can actually improve business. At worst, the negative impact on sales and employment is minimal, according to a new study from Portland State's Transportation Research and Education Center (TREC). Researchers studied 14 corridors in 6 cities -- Portland, Seattle, San Francisco, Memphis, Minneapolis and Indianapolis -- and found such improvements had either positive or non-significant impacts on sales and employment. Essentially, adding improvements like bike lanes largely boosted business and employment in the retail and food service sectors. (2020-04-22)

Business-to-business customers expect personal service in online chat
Companies engaged in business-to-business (B2B) sales are also increasingly moving their activities online, but their online chat services and customer interaction have not been studied much yet. A new study from the University of Eastern Finland shows that the nature of social presence in B2B online chat dialogues varied depending on the stage of the customer relationship. (2020-04-17)

INSEAD research finds how much CEOs matter to firm performance
Morten Bennedsen, INSEAD Professor of Economics and the André and Rosalie Hoffmann Chaired Professor of Family Enterprise, along with colleagues Francisco Perez-Gonzalez (ITAM and NBER) and Daniel Wolfenzon (Columbia University and NBER) decided to find out how much CEOs matter by measuring the impact on firm performance when a CEO is absent, specifically, hospitalised. (2020-04-06)

Older entrepreneurs as successful as their younger counterparts, study reveals
From Steve Jobs to Mark Zuckerberg, the stories of prosperous, young innovators drive the American economic narrative. However, the truth is that older business entrepreneurs may be just as well suited to success. And older women are far more successful at launching a business than their younger counterparts. (2020-04-06)

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