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Towards a Periodization of Urbanization in the Alpine Rhine Valley

Project Description

Urbanization and ruralization as well as centrality and periphery are two of the central binaries in Contemporary research on the uneven geographies of capitalist urbanization. Whilst commonly perceived as sets of two opposites, academic endevour brings to the fore how socio-spatial and socio-material configurations for many decades are blends of these binaries that dynamically reconfigure the urban fabric (Roy 2016; Flowe 2022a; Gündogan 2021; Gillen et al. 2022; Krause 2013). On hand of the trinational region Alpenrheintal, this research project hence investigates two research objectives: First, we aim to uncover processes of urbanization in the trinational region Alpenrheintal and the specific socio-spatial constellations that have been produced and reconfigured during the past 200 years. Our second research interest revolves around the local and regional socio-spatial processes that (re-)produce centralities and peripheriesin the Alpenrheintal and how these are influenced by global processes. With this project we can build on work from within the Urbanism and Society research group and consequently lay the foundaition for further research in this extended urban region.

Relevance to Liechtenstein

By looking at the Alpine Rhine Valley as well as its neighboring regions, historical and current interconnections of Liechtenstein in the urbanization process of the region are to be worked out.

Scientific, Economic and Societal Impact

The project is intended to contribute to the establishment of a network of academic and practical partners in the Alpine Rhine Valley and its immediate surroundings. In doing so, the discussion about urbanization processes in the region should be put on a scientific foundation and long-term processes should be included in the discussion.

Keywords

Urban Change

Towards a Context-sensitive Conceptual Framework and Design Principles for Internet of Things Solution

Project Description

Internet of Things (IoT) technologies allow for connectivity among various physical objects and play a key role for the development of "smart" solutions such as smart homes, smart factories, smart cities, smart mobility, and many more. These "smart" systems involve physical objects equipped with sensors, actuators, and processors, which can be interconnected to build intelligent and flexible systems-that is, cyber-physical systems.

It is important to understand the material features and associated capabilities of IoT technologies because it cannot be expected that there will be a one-fits-all solution for the Internet of Things. While, at a general level, there are certain constituting elements such as smart products, connectivity, and cloud solutions, it is also clear that different application scenarios are calling for different technologies and capabilities. For instance, there might be situations where energy supply is stable and abundant and where connected devices are in geographical proximity (such as in smart manufacturing environments), while there are other situations where this is not the case (e.g., in rural areas that intend to become "smart"). It can thus be expected that different categories of IoT technologies allow for the creation of different IoT networks and for the implementation of different types of systems.

Against this background, this research project aims to develop a conceptual framework and design principles for IoT solutions that consider (1) the contextual factors that define situations where IoT solutions are implemented, (2) the material features of key IoT components, and (3) the affordances that emerge as these IoT components are deployed in different contexts.

Project Participants

Prof. Dr. Stefan Seidel
- Principal Investigator
Principal Investigator
Employee
Dr. Michael Gau
- Project Collaborator
Senior Scientist - Dean's Office Liechtenstein Business School
Project Collaborator
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Employee
Dr. rer. oec. Michael Reiner Kamm MSc
- Project Collaborator
Project Collaborator

Top Management Team Incentives and Paradox (SNF)

Project Description

Antragsunterstützung SNF

Project Participants

Top Management Team Incentives and Paradox (Proposal Development)

Project Description

With the results of this project, the importance of financial and social incentives for the CEO and the other TMT members in addressing, managing and embracing tensions in companies is highlighted. In this context, the relevance for the simultaneous pursuit for innovation and efficiency as well as for social performance is demonstrated.

Keywords

Ambidexterity Paradox Incentives Hybridity Top Management Team

Top Management Team Incentives and Paradox

Project Description

This project strives to contribute new insights that advance our theoretical understanding of research on ambidexterity, hybridity, and paradox in general, as well as TMT incentives and thus to make a valuable contribution to multiple research field.
Furthermore, the results of our investigation should provide managers in Switzerland, Liechtenstein and beyond with insights that allow them to better understand the implications of different incentive mechanisms. Finally, incentives for senior executives
are a regular topic of intensive public debate in Switzerland. This study has the potential to provide empirical grounded in-depth insights into the actual effects of different incentive and compensation schemes on firms’ economic and/or social performance and may thus be instrumental to inform not only managers, but also political decision makers and the broader public.

Project Participants

Employee
Prof. Dr. Alexander Zimmermann
- Principal Investigator
Principal Investigator

Top Management Team Incentives and Paradox

Project Description

The objective of this research project is to link the disconnected research streams on TMT incentives and paradoxes as well as to address relevant research gaps through one conceptual and two empirical projects.
In order to get a comprehensive overview of the incentives literature, the first project aims to review research on non-financial performance metrics (NFPM) in executives’ compensation and identify gaps,
patterns, and future research opportunities. The second project aims to shed light on how different kinds of social incentives are related to social and financial firm-level outcomes and which role social and economic value orientations play in this regard. Finally, the third project studies the role of TMT incentives for firms’ ability to simultaneously engage in exploration and exploitation (i.e., to become ambidextrous) and examines the role of firms’ financial performance in this relationship.

Keywords:Ambidexterity, Paradox, Top Management Teams, Incentives, Compensation

Relevance to Liechtenstein

Improving the understanding of the relationship between executives’ incentives and firms’ ability to deal with contradictory but interrelated objectives (i.e., ambidexterity and hybridity) can provide important insights for companies, managers and boards of directors in Liechtenstein and the greater Rhine Valley region. The results from the project show, among others, that in addition to the more informal approaches, such as values, culture and symbolism, the incorporation of sustainability and responsibility goals into formal systems and structures (such as the compensation system) are necessary to promote social performance. As companies in Liechtenstein and the Rhine Valley Region place special emphasis on values, norms, sustainability and society, these findings are particularly relevant for diverse types of organizations in this region. In general, by providing insights in how innovation can be fostered without neglecting profitability and how sustainability goals can be pursued without jeopardizing firms’ economic viability, the findings of the project are interesting and relevant for the broader audiences in Liechtenstein. Further, incentives for senior executives are a regular topic of intensive public debate in Switzerland and Liechtenstein. This project has the potential to provide empirical grounded in-depth insights into the actual effects of different incentive and compensation schemes on firms’ economic and/or social performance and may thus be instrumental to inform not only managers, but also political decision makers and the broader public.

Scientific, Economic and Societal Impact

All three projects have both practical relevance since the design of TMT incentives and the respective firm level outcomes are relevant for all types of organizations. Particularly, understanding the complex effects of non-financial performance metrics in executives’ compensation in the first project would allow owners and board of directors to enhance the effectiveness of firms’ governance mechanisms as well as leaders’ incentive and compensation systems. The findings of the second project encourage board of directors to pay increasing attention to the adaptation of social incentives in several types of organizations. By digging in deeper into the distinct effects of social incentives, several organizations should be guided on how to structure and weight the specific components in the respective compensation schemes. Further, the results in the third project allow practitioners to pay increasing attention to the context in which senior executives take their decisions to engage in exploration and exploitation.

Tokenomics on Crypto Exchanges and Experimental Asset Markets

Project Description

The rapid development of blockchains and cryptocurrencies leads to an increasing amount of research and practical applications within the field of innovative finance. Decentralized exchanges and tokens are two outcomes of these development which I will study further here.
The thesis will consists of three papers which will be combined into a cumulative dissertation.
The first two papers will investigate crypto exchanges in terms of liquidity and arbitrage in order to evaluate their degree of market efficiency and their comparability with equity and bond markets. Cryptocurrencies are widely regarded as a new asset class. However, institutional and retail investors expect some conditions asset markets have to fulfill to be attractive.
The third paper will conduct research on the effect of the parallel trading of fractions of assets in the form of tokens as well as whole assets. So far, fractions of shares cannot be traded on exchanges, but only with the help of brokers which may lead to high transaction costs. The option to trade tokens representing fraction of shares can be beneficial for all market participants. The investors have more opportunities to diversify, issuers have a larger investor base, and the exchanges generate higher revenues due to larger trading volumes. This research will be conducted in an experimental setup.

Project Participants

Employee
Prof. Dr. Martin Angerer
- Supervisor
Professor - Innovative and Digital Finance Academic Director MSc IF - Liechtenstein Business School
Supervisor
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Employee
Dr. rer. oec. Marius Lennart Gramlich
- PhD-Student
PhD-Student
Prof. Dr. Fabian Schär
- Co-Supervisor
Advisor - PhD in Business Economics
Co-Supervisor

Tokenomics on Crypto Exchanges and Experimental Asset Markets

Project Description

The rapid development of blockchains and cryptocurrencies leads to an increasing amount of research and practical applications within the field of innovative finance. Decentralized exchanges and tokens are two outcomes of these development which I will study further here.
The thesis will consists of three papers which will be combined into a cumulative dissertation.
The first two papers will investigate crypto exchanges in terms of liquidity and arbitrage in order to evaluate their degree of market efficiency and their comparability with equity and bond markets. Cryptocurrencies are widely regarded as a new asset class. However, institutional and retail investors expect some conditions asset markets have to fulfill to be attractive.
The third paper will conduct research on the effect of the parallel trading of fractions of assets in the form of tokens as well as whole assets. So far, fractions of shares cannot be traded on exchanges, but only with the help of brokers which may lead to high transaction costs. The option to trade tokens representing fraction of shares can be beneficial for all market participants. The investors have more opportunities to diversify, issuers have a larger investor base, and the exchanges generate higher revenues due to larger trading volumes. This research will be conducted in an experimental setup.

The Tech-Knowledge Region

Project Description

Entitled "The Tech-Knowledge Region", a brainstorming workshop is offered, to point out new ways of cooperation between technology based companies and universities. This 2-3 hour workshop aims at the collection of companies' questions and problems, a quick talk about approaches und at demonstrating, how the University of Liechtenstein can contribute to solve existing problems. This free of charge workshop is meant to strengthen the participants' awareness of the capabilities of the University of Liechtenstein.

Keywords

Knowledge and Technology Transfer

Project Participants

Employee
PD Dr. habil. Christian Marxt
- Principal Investigator
Principal Investigator

The Strategic Communication Process

Project Description

A strong body of literature emphasizes the importance of communication for organizational change and development. In particular, to successfully cope with an increasingly fast changing business environment, a systematic internal communication process is needed in order that companies are able to develop effective strategies, make the right decisions and implement them efficiently. However, by now, there are hardly any integrated studies available that deal with the optimal configuration of this strategic communication process at the organizational level. Given this gap, this study seeks to provide empirical evidence. Therefore, a comprehensive literature review is carried out to identify the key communication aspects within the two processes of strategy development and implementation. At the same time, corresponding hypotheses are formulated about these factors being positively related to the quality of strategic decisions, the quality of implementation, and ultimately the long-term performance of the company. Next, these hypotheses will be tested empirically in business reality by applying a PLS path modeling research design. Finally, concrete recommendations will be given for both business reality and further scientific research.

Keywords

Organisational development Strategic Management

Project Participants

Mag. (FH) Johannes Dietrich
- External Project Collaborator
External Project Collaborator
Employee
PD Dr. habil. Stefan Güldenberg
- Principal Investigator
Principal Investigator
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