Business and Finance

This area provides up-to-date and interesting developments from the world of business, economics and finance.

A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.

Essays on Euro Area Enlargement

Marketta Henriksson’s dissertation examines issues related to the adoption of the euro by the new Central and Eastern European EU Member States.

The first essay studies the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL). The results show that a credibly fixed exchange rate is inconsistent with fiscal irresponsibility, which implies that fiscal discipli

Cutting middle management kills productivity

One on one relationships key to employee commitment

Companies that cut middle managers jeopardize their productivity more than save costs, a study from McMaster University suggests.

“Middle managers are the front line communicators with employees,” says Rick Hackett, Canada Research Chair in Organizational Behaviour and Human Performance at the DeGroote School of Business at McMaster University. “One-on-one social exchanges between bosses and their workers have a real i

Foreign direct investment in a changing political environment: Finnish investment decisions in South Korea

The dissertation in the field of economic geography by Kristiina Korhonen, Lic.Sc. (Econ.), ”Foreign direct investment in a changing political environment: Finnish investment decisions in South Korea” will be publicly examined at the Helsinki School of Economics on Monday, December 19th, 2005. The public examination starts at 12:00 in the Stora Enso Hall of the Chydenia Building. The opponent is Professor Sam-Ock Park, PhD (Seoul National University), and the custos is Professor Jarmo Eronen,

NESTA invests in Scottish technology firms and new creative businesses

New NESTA (the National Endowment for Science, Technology and the Arts) Chief Executive Jonathan Kestenbaum visits Scotland today to unveil a series of investments and initiatives designed to drive innovation in Scotland.

NESTA is announcing a range of initiatives designed to have impact at a key stage of the innovation process: through early stage business support and seed investment. These include:

· Two investments worth a total of £200,000 to young technology compan

Do market prices reflect customers’ social networks?

Pekka Sääskilahti, MSc (Econ.), will defend his doctoral thesis entitled ”Essays on the Economics of Networks and Social Relations” at the Helsinki School of Economics on December 7, 2005. The public defence will start at 12 o’clock in the Stora Enso Hall of the Chydenia building (address: Runeberginkatu 22-24, Helsinki). The opponent is Professor Robin Mason, PhD, (University of Southampton) and the custos is Professor Pekka Ilmakunnas, PhD, (Helsinki School of Economics).

Modern soci

University internet survey reveals key influences on business growth

The attitude of a business owner, market demand and available skills top the list of key influence’s on a firm’s growth, an internet survey by The University of Nottingham Institute for Enterprise and Innovation has revealed.

Respondents to The UK Business Barometer were asked to rate five different potential key influences on a firm’s growth — attitude of owner; determine by market demand; available skills; access to finance; access to the latest technology — from

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