IMD business school for management and leadership courses
Prior literature establishes a link between family involvement and the firm financial performance. However, the mechanisms through which family involvement in a firm affects its financial performance in different institutional settings are largely unknown. Using an unbalanced panel of 3,322 listed firms from 32 countries over a 9-year period, we…
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Research Information & Knowledge Hub for additional information on IMD publications
Deep learning is increasingly presented in economics as a new paradigm for solving dynamic models, superseding the classical projection methods of numerical economics. We argue that this dichotomy rests on a misclassification. The neural-network solvers emphasized in this literature are least-squares projection methods with an adaptive nonlinear…
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This paper reframes the concept of bricolage by returning to its foundational roots in Claude Lévi-Strauss’s seminal 1962 work, The Savage Mind. By conducting a systematic review of entrepreneurial bricolage, which represents more than two thirds of management research on bricolage, alongside a close reading of Lévi-Strauss, we uncover three cor…
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Based on 41 interviews across three UK-based commons enterprises, this study addresses one of the most pressing challenges of our time: encouraging local actors to contribute to the sustainable governance of supra-local common-pool resources (CPRs)—shared resources whose use and impacts extend beyond community boundaries. While existing research…
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Objective: The aim of this study was to describe the association of private equity (PE) investment in substance use disorder treatment facilities in the United States and opioid- and alcohol-related mortality. Methods: Facilities acquired or founded by PE from 2013 to 2023 were cataloged. Logistic models using cross-sectional data were estima…
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We show that a one-sided price-adjustment rule, with free price cuts but a fixed daily reset for price increases, raises the reset price even under risk neutrality, mean-zero wholesale cost shocks, and perfect consumer information. The mechanism is option-theoretic: a higher reset price preserves pass-through in adverse cost states, while favora…
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The “tragedy of the horizon” captures the gap between long-horizon climate damages and the shorter horizons of corporate decision-making. We provide a contracting account of this idea using a deliberately standard CARA-normal moral-hazard model. Under full commitment, the optimal linear contract can condition on long-horizon outcomes; horizon mi…
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Generative AI has made building software feel almost free. A product manager describes what she wants, an AI model writes the code, and a working tool appears in an afternoon, impressing everyone who sees it. As a result, companies and teams that once bought their software from outside vendors are often choosing to build it themselves, drawn by …
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In a world where climate action often stalls at the policy level, this book spotlights how leading companies are stepping up to reduce CO₂ emissions and improve public health—through innovation, strategy, and bold leadership. From maritime decarbonization to biodegradable packaging and clean energy breakthroughs, these real-world case studies sh…
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