Manchester Business School Research Articles

Establishing a Corporate Mentor Partner Program (CMPP) focusing on Corporate Social Responsibility (CSR) – considering addressing gender bias and equality

At Alliance Manchester Business School (AMBS) we piloted a new innovative mentoring program, the Corporate Mentor Partner Program (CMPP). Several factors contributed to this initiative, with one of the main drivers being that certain groups of graduates, females on a specific program, did not progress their career as well as expected and were lagging their peers after graduation. In the CMPP pilot, we worked with individual organisations, corporate partners, on a specialised and individually tailored mentoring program, making sure we could target and match specific student groups and aligning this with the ethos and CSR goals of the corporate partner organisation, particularly focus on gender equality. The mentoring would no longer just be between the mentor and the mentee, but additional stakeholders would benefit such as the University and other external organisations. An online mentoring platform was carefully selected. Student groups were invited to engage with the CMPP. The article discusses the background of the program, how students were identified and engaged, selection of corporate partners, why and how CSR played a role, the benefits to all stakeholders, criteria for an online platform, but also the challenges and learnings that needs to be taken into consideration should a larger scale program be established. Key learnings from the pilot are to consider clear rules of engagement, consider the methods of matching carefully and be sensitive to cultural differences, consider target groups (females or further inclusivity) as well as having clear timelines for maximum impact.

Climate Policy Risk and Corporate Financial Decisions: Evidence from the NOx Budget Trading Program

We find that manufacturing firms adopt more conservative capital structures in response to the Nitrogen Oxides (NOx) Budget Trading Program (NBP) of 2004, a regional cap-and-trade program aimed at mitigating the NOx emissions of power plants in 11 midwestern and southeastern states in the United States. Our further analysis demonstrates that, because the NBP induces an electricity price shock, it affects manufacturers’ financial decisions by raising their operating leverage and distress risk. We also find that firms respond to the NBP’s adoption heterogeneously: they adjust their financial leverage more dramatically when facing greater electricity intensity, financial distress threats, or competitive pressure. In addition, firms adapt not only capital structure, but also other financial policies in response to the regulation. Overall, our study shows that climate policy risk constitutes an essential consideration in firm financial decisions. It also highlights potential unintended consequences of policy responses to climate change for the corporate sector. This paper was accepted by George Serafeim, Special Section of Management Science on Business and Climate Change. Funding: The authors gratefully acknowledge generous financial support from the Alliance Manchester Business School Strategic Research Investment Fund. Supplemental Material: The data files and online appendix and data are available at https://doi.org/10.1287/mnsc.2022.4617 .

‘Resilience Activation’: Exploring Relational Mechanisms in Strategy and Practice

‘Resilience Activation’: Exploring Relational Mechanisms in Strategy and Practice

The Asset Durability Premium

Academy of Management Annual Meeting Proceedings includes abstracts of all papers and symposia presented at the annual conference, plus 6-page abridged versions of the “Best Papers” accepted for inclusion in the program (approximately 10%). Papers published in the Proceedings are abridged because presenting papers at their full length could preclude subsequent journal publication. Please contact the author(s) directly for the full papers. The Asset Durability PremiumChi-Yang TsouChi-Yang TsouAlliance Manchester Business School, U. of ManchesterPublished Online:6 Jul 2022https://doi.org/10.5465/AMBPP.2022.14270symposiumAboutSections ToolsDownload CitationsAdd to favoritesTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail AbstractThis paper studies how the durability of assets affects the cross- section of stock returns. More durable assets incur lower frictionless user costs but are more ""expensive"", in the sense that they need more down payments making them hard to finance. In recessions, firms become more financially constrained and prefer ""cheaper"" less durable assets. As a result, the price of less durable assets is less procyclical and therefore less risky than that of durable assets. We provide strong empirical evidence to support this prediction. Among financially constrained stocks, firms with higher asset durability earn average returns about 5% higher than firms with lower asset durability. We develop a general equilibrium model with heterogeneous firms and collateral constraints to quantitatively account for such a positive asset durability premium.FiguresReferencesRelatedDetails Vol. 2022, No. 1 Permissions Metrics in the past 12 months History Published online 6 July 2022 Published in print 1 August 2022 InformationCopyright of Academy of Management Journal is the property of Academy of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder’s express written permission. However, users may print, download, or email articles for individual use.KeywordsAOM Annual Meeting Proceedings 2022AOM Seattle 2022

Data Workers in Organizations: What They Do, How They Do, and Why They Do It!

Over the last decade, data workers have increasingly made their way not only into technology and born-digital firms but also in incumbent firms in long-standing industries. Organizational scientists, management scholars, and information systems researchers have started paying attention to data workers as an emerging occupational group, who tend to embody expertise in collecting, organizing, analyzing, and generating insights from data that may help in explaining as well as predicting various phenomena that are of interest to business managers or policy makers. Scholars have started examining data workers at the field level, inter-organizational level, as well as intra-organizational level. Building on this emerging literature, this symposium sets out to explore what data workers do, how they do, and why they do it, in the context of economic forecasting, medical science, as well as banking and financial services. Disenchantment with Big Data Analytics: When Knowledge Mediators Fail Presenter: Elina I. Mäkinen; Tampere U. Experts and Machines: How Central Bank Economists Produce Inferences via Simulation Model Presenter: Pauli Pakarinen; Stanford U. Custodians of Rationality: Data Scientists’ Role in Organizational Decision-Making Presenter: Mayur Prataprai Joshi; Alliance Manchester Business School, U. of Manchester Legitimating Illegitimate Practices: How Data Analysts Compromised Standards to Scale Expertise Presenter: Ryan Stice-Lusvardi; Stanford U.

In Search of Scholarly Impact

In Search of Scholarly Impact

Action learning: resources held in manchester and salford

ABSTRACT This paper aims to make known the materials on action learning that are held in the uni- versities of Salford and Manchester, with the aim of bringing these unique resources to the attention of researchers and other interested parties. It is a joint effort between the Editorial Board members of the Journal, Action Learning: Research & Practice and staff at the two universities. Subsequently, we hope to publicise further resources available elsewhere. The paper begins with a brief history. Starting with Revans, his career and the early development of the action learning idea, it also records his long association with Manchester and some recent institutional history beginning with him donating his archives to the University of Salford. This is followed by introductions to the Revans Archive at Salford University and the action learning materials held at Alliance Manchester Business School (AMBS). Details of the two collections are in the latter part of the paper.

Practical Applications of Risk Tolerance, Return Expectations, and Other Factors Impacting Investment Decisions

In <b><i>Risk Tolerance, Return Expectations, and Other Factors Impacting Investment Decisions</i></b>, from the Spring 2021 issue of <b><i>The Journal of Wealth Management</i></b>, authors <b>Sam Sivarajan</b> and <b>Oscar De Bruijn</b> of <b>Alliance Manchester Business School</b> seek to determine how to ensure greater fidelity between an investor’s true risk appetite and the portfolio selected by an advisor. To do so, they first assess whether using a risk tolerance questionnaire, a common method, can accurately predict investor behavior. They review alternative variables and their relationship to an investor’s individual risk appetite by surveying and interviewing investors and advisors. After aggregating and analyzing the data, the authors determine that risk tolerance questionnaires typically are not valuable in predicting investor risk-taking behavior. However, certain factors, including demographic data, return expectations, and investment experience, were effective predictors of such behavior. The authors used these findings to develop a framework designed to assist investors and their advisors in selecting a portfolio that is aligned with an investor’s personal risk tolerance and goals.

Intrinsic value of food chain data

Intrinsic value of food chain data

Ten minutes with Dr Joseph Home, Medical Directors Leadership Fellow at Pennine Acute NHS Trust

### Biographies Dr Christopher Waugh is a Junior Doctor in Greater Manchester. With an interest in medical education and clinical research he is currently involved in several collaborative studies including...

A methodology proposal to develop a research project for innovation system

Around the world many students or professionals interested in innovation system field dream to have a master, doctor or post doctorate experience in a top university. However, it is noted that are difficulties to identify a top university and propose a good research for a potential supervisor. So, the aim of this article is to propose a methodology to help readers to write a research plan concerning innovation system in order to submit into top universities selection process. In order to do so, a basic conceptual methodology with 8 steps and guidance will be presented by using real case, focused on The Best UK Universities Management Practices to Foster Local Entrepreneurship and Innovation, a basic post doctorate project that the author submmited and was approved in 2018 by the Directors of The Manchester Institute of Innovation Research at Alliance Manchester Business School in the University of Manchester. It was concluded that there is no a universal standard to write a research project concerning to innovation system field or even other field, each university or fund/grand foundation develops its own model. So the conceptual methodology doesn’t want to replace other methodologies, but only to serve as a guide to those candidates that wish to write a proposal and follow the orientations given in this article.

Special issue “Sustainability in the digital age”

Business Strategy and the EnvironmentVolume 28, Issue 6 p. 1283-1284 CALL FOR PAPERS Special issue “Sustainability in the digital age” René Bohnsack, René Bohnsack Católica Lisbon School of Business and Economics, Universidade Católica Portuguesa, Lisbon, PortugalSearch for more papers by this authorJonatan Pinkse, Jonatan Pinkse Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, Manchester, UKSearch for more papers by this authorChristina Bidmon, Corresponding Author Christina Bidmon c.bidmon@ucp.pt Católica Lisbon School of Business and Economics, Universidade Católica Portuguesa, Lisbon, Portugal Correspondence Christina Bidmon, Católica Lisbon School of Business and Economics, Lisbon, Portugal. Email: c.bidmon@ucp.ptSearch for more papers by this author René Bohnsack, René Bohnsack Católica Lisbon School of Business and Economics, Universidade Católica Portuguesa, Lisbon, PortugalSearch for more papers by this authorJonatan Pinkse, Jonatan Pinkse Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, Manchester, UKSearch for more papers by this authorChristina Bidmon, Corresponding Author Christina Bidmon c.bidmon@ucp.pt Católica Lisbon School of Business and Economics, Universidade Católica Portuguesa, Lisbon, Portugal Correspondence Christina Bidmon, Católica Lisbon School of Business and Economics, Lisbon, Portugal. Email: c.bidmon@ucp.ptSearch for more papers by this author First published: 17 July 2019 https://doi.org/10.1002/bse.2365Citations: 2Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat No abstract is available for this article.Citing Literature Volume28, Issue6September 2019Pages 1283-1284 RelatedInformation

Time for Paradigm Shift in Islamic Finance Industry and Economy: Concepts of Profit, Loss, Enterprise Performance-Measure

The growth of Islamic Finance (IF) is hindered by non-conducive environment globally despite acceptability, efficiency and effectiveness of its products and services. The elements of non-conduciveness are bedded in the accounting methodology, tax- deductibility of interest expenses on bank loans, over-helming use of credit by households, businesses and governments, excessive use of leverage in banks, yielding disproportionately higher ROE (Return on Equity), resulting in global debt trap and extreme inequality in income and wealth distribution. Islamic finance if used properly by reforming the existing financial architecture and regularity environment can provide a sustainable basis for higher economic growth by encouraging private enterprises in Muslim and other countries by reducing deceit and corruption and increasing social capital through building trust. This will make the world a better place for humanity and avoid the impending threats from environmental and manmade disasters. This paper is based on secondary sources of information collected from publications of papers, research monograph, books and author’s own works done at Manchester Business School (MBS), Manchester, UK, 1974-77.Journal of Business and Technology (Dhaka) Vol.11(1-2) 2016; 1-9

Biobank sustainability: current status and future prospects

Biobank sustainability: current status and future prospects Marika Doucet,1 Martin Yuille,2 Luke Georghiou,3 Georges Dagher1 1Biobanques, Hôpital de la Pitié Salpêtrière, Paris, France; 2Centre for Integrated Genomic Medical Research, Division of Population Health, Health Services Research and Primary Care, University of Manchester, 3Manchester Institute of Innovation Research, Manchester Business School, Manchester, UK Abstract: Biobanks play an important role in biomedical research that aims to understand cellular and molecular mechanisms underlying the development of diseases, and to improve interventions for human health. Despite financial support from mixed public funding streams, long-term sustainability of public biobanks remains a major concern. Review of the literature demonstrates that total cost-recovery strategies, as well as commercialization of research results or derived products, may not represent the best way to reach and maintain sustainability. Public biobanks require support by long-term investment and commitment from public and governmental sources, as well as support from industrial users. In this regard, this study suggests strategies to improve long-term sustainability, such as sample-sharing and biobank consolidation to reduce unit costs, embedding public biobanks in health care systems, and working to implement global funding mechanisms. Keywords: health, research infrastructure, mixed-model funding, cost recovery, finance

Review of Gary Davies with Rosa Chun, Rui Vinhas Da Silva, and Stuart Roper, Corporate Reputation and Competiveness (London, UK: Routledge, 2003)

Corporate Reputation and Competitiveness gives business leaders a fresh new look at strategic planning through the lens of reputation management. Perhaps the book’s most compelling contribution is the “corporate reputation chain,” a strategic management model that seeks to harmonize employee and customer perceptions of an organization. Do this, and behold explosive reputational results. Communicators can decipher a subtext in the book that breathes new life in the communications management role, and positions it at the centre of the strategic planning process. The ideas of the book were incubated at the Manchester Business School, home to Gary Davies and his co-authors.

Erratum

Lindebaum, D (2015). Critical Essay: Building new management theories on sound data? The case of neuroscience. Human Relations 69(3): 537–550. DOI: 10.1177/0018726715599831 The following corrections apply: Dirk Lindebaum’s affiliation is Cardiff Business School, UK. Dirk Lindebaum’s mailing address is Cardiff Business School, College of Arts, Humanities &amp; Social Sciences, Cardiff University, Aberconway Building, Colum Drive, Cardiff CF10 3EU, UK. Email: mail@dirklindebaum.eu Dirk Lindebaum’s bio note is as follows: Dirk Lindebaum obtained his PhD from Manchester Business School, and he is now a Professor in Management at Cardiff Business School. One stream of his research activities pertains to organizational phenomena that involve emotional processes broadly defined. Another stream that he has pursued of late concerns the increasing visibility of neuroscientific theories and methods in the study of organizational behavior. Further details on publications, media engagement, online talks and other issues can be obtained from his website ( www.dirklindebaum.eu ).

Reasons to be cheerful? Policy prospects in 2016

Kieran Walshe, Professor of health policy and management at Alliance Manchester Business School asks what lies ahead for the health service in 2016

Bad Doctors, Democracy, and the Public Interest

Symbolic InteractionVolume 38, Issue 3 p. 445-447 BOOK REVIEW Bad Doctors, Democracy, and the Public Interest Ruth McDonald, Corresponding Author Ruth McDonald Manchester Business SchoolDirect all correspondence to Ruth McDonald, University of Manchester, Manchester Business School, Booth Street West, Manchester M15 6PB, United Kingdom; e-mail: [email protected].Search for more papers by this author Ruth McDonald, Corresponding Author Ruth McDonald Manchester Business SchoolDirect all correspondence to Ruth McDonald, University of Manchester, Manchester Business School, Booth Street West, Manchester M15 6PB, United Kingdom; e-mail: [email protected].Search for more papers by this author First published: 01 July 2015 https://doi.org/10.1002/symb.167Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Volume38, Issue3August 2015Pages 445-447 RelatedInformation

Social Objective Driven Enterprises on Innovation for Sustainability in a Collaborative Networking Ecosystem

Prepared for the ABIS I4S meeting at Manchester Business School of the University of Manchester, May 7-9, 2014

Introduction Planning for infrastructure: transitional pathways for lagging regions

The publication of the UK Government's 'National Infrastructure Plan' by the Treasury in 2010 (HM Treasury and UK Infrastructure) acknowledged the need for major infrastructure investment, both new and replacement, to achieve sustainable and balanced economic and environmental development. More importantly, it marked a commitment from the government and other key stakeholders to develop a more strategic approach towards infrastructure planning. These policies and the wider shifts in infrastructure - both physical and electronic - will have massive impacts across the UK, not least on the functional economies of different regions.In the northern regions of England (the North West, North East and Yorkshire and Humber), which have traditionally been seen as economically lagging, historical and current policies have impacted upon their ability to attract infrastructure investment. Yet within these northern regions, infrastructure funding, development and accessi- bility are spatially diverse. Two distributional drivers are of particular concern. First, is the ability of the north to compete with other more economically buoyant regions for infrastructure investment; second, is the equitable spatial distribution of that investment throughout the north's towns and cities. It is this need to balance competi- tive market demand for investment with wider strategic and equitable distributional policy concerns that makes the lagging northern regions interesting research subjects throughout which to examine a range of contemporary issues concerning infrastruc- ture delivery and the way it can create new transitional pathways of development. The north of England is therefore used in this special edition of Town Planning Review as a case study to explore the ways in which infrastructure might influence different transitional pathways. In doing so, it discusses in some depth a range of issues related to understanding the scale of the infrastructure challenge and how this impacts on space and people; how best to determine the cost and benefits of infrastructure devel- opment and how that influences decisions; the most appropriate methods by which infrastructure should be planned to develop those pathways; and the future potential that appropriately planned infrastructure can have for lagging regions.A scoping conference on 'Enabling a strategic approach to transformational infrastructure' sponsored by the N8 Universities Partnership was held at Manchester Business School in February 2012, with twenty-five leading researchers, infrastructure providers, industries, management consultants and policymakers. The future research agenda identified by the stakeholders is discussed in more detail by Cecilia Wong and Brian Webb in this issue, but broadly points to the need to map out the transfor- mational pathways of spatial development by better understanding how infrastruc- ture can be delivered in different ways to positively and progressively transform the economic, environmental and social outlook under different spatial contexts. This special issue of Town Planning Review thus seeks to build on the earlier N8 conference discussions and explore key ideas and concepts related to the dynamic interaction between planning policy and practice and infrastructure development and imple- mentation. In doing so, it places particular emphasis on planning for infrastructure in the three northern regions of England, where economic growth is viewed as stagnant in comparison to other regions. The challenges that lagging regions, such as those in the north of England, present when planning for infrastructure, as well as the poten- tial impact infrastructure could have on improving economic and social planning outcomes in these places, are addressed in the five papers that follow this introduction.The north-south divide is a well-established concept in the UK literature, yet there is a lack of debate about how infrastructure provision may be used to either perpet- uate this socio-economic divide or help to bridge it. …