Charismatic leadership has emerged as a highly effective form of organizational coordination, in both the private and public sectors. The novel "signalling-approach" to charisma (Antonakis, Bastardoz, Jacquart, & Shamir, 2016) has helped research gain countless new, fruitful insights over the past 5 years, and resolved problems of endogeneity that arose in earlier operationalizations. Numerous recent studies have begun to link specific proximate behaviors of leaders, known as charismatic leadership tactics (CLTs), to charismatic affect, which are included in followers' charisma attributions. These behaviors include gaze, facial expressions, gestures, and various vocal characteristics. However, in the current phase of the global pandemic, many charismatic leaders are forced to use video conferencing to stay in touch with their followers. By employing an experimental methodology and highly complex statistical procedures, this project intends to measure the four key nonverbal charismatic signals with unprecedented precision.

The research project at hand can generally be assigned to the field of fundamental investment management and combines non-financial issues in the form of ESG factors with the classical financially-based fundamental analysis to derive investment decisions. The implications of this research project are multifold and are of relevance for both academia and practice.

Creativity is the origin of innovation. It is thus an indispensable factor in propelling economic growth and societal well-being. Appropriate software tools can boost individual creativity and multiply this potential within a group of creative people. Examples of software tools that support creativity include electronic brainstorming and mind mapping tools (e.g., Mindmeister), open innovation and crowdsourcing platforms (e.g., InnoCentive, OpenIDEO), tools for computer-aided design (e.g., Adobe Photoshop, AutoCAD), and online communities for sharing of multimedia contents (e.g., Flickr, YouTube).

In earlier work we have proposed a design theory for IT systems that support creative work through adequate knowledge provision (Müller-Wienbergen, Müller, Seidel and Becker, 2010). The goal of the research project is to continue our research by empirically testing this design theory. We plan to apply both quantitative and qualitative research methods. In concrete terms, achieving our goal requires three subordinate objectives:

1. Development of a prototype according to the principles of form and function stated in the design theory,

2. Performance of laboratory experiments with the developed prototype in order to empirically test the hypotheses stated in the design theory, and

3. Conduction of field tests with the developed prototype in order to observe the use of the system in a real-world setting and explore potential unintended consequences and side effects.

The main contribution of the research project will be the empirical test of our previously developed design theory. The tested design theory can provide guidance to software developers and sets an agenda for academic research. In addition, the developed prototype constitutes another important contribution of this research. It is planned to distribute the prototype under the free and open source software license.

The psychological sciences have relevance to all EU citizens as they offer an understanding of human behaviour in society, the workplace, educational settings and the home. Providing a high standard of psychology education in Europe will increase the impact that graduates from the psychological sciences can have both within the EU and beyond. Psychology departments across 32 European countries have been awarded a three year grant by the European Commission LifeLong Learning Programme (Erasmus) to establish an academic network focusing on psychology education across Europe. The EUROPLAT network will provide a unique forum to exchange knowledge, share innovation and practice, and build capacity for research and scholarship relating to psychological sciences education in Europe. The network is led by the University of York, UK with five core partners, namely the University of Aston, UK; the University of Salzburg, Austria; the University of Växjö, Sweden; the University of Lisbon, Portugal and the Middle East Technical University, Turkey leading the workpackages. The European Commission has awarded a three year grant to establish an academic network, EUROPLAT, focusing on psychology education across the European Union. The contribution of the Institute of Entrepreneurship especially consists in shedding light on the connection between a well-grounded teaching of psychology with the improvement of knowledge workers motivation and productivity.
More information about the EUROPLAT project is available online:
www.europlat.org

Die Frage des ethischen Handelns oder der Einbindung von Ethik in Anlagestrukturen ist für die Akzeptanz der Intermediäre und deren Produkte von erheblicher Bedeutung. Dies kann religiös geprägte oder sozio-kulturell ("Nachhaltigkeit") beeinflusste Produkte betreffen. Aufgrund der ethischen Homogenität Liechtensteins bietet sich besondere Chancen im Bereich catholic finance und Nachhaltigkeit.

This thesis considers three major issues in the research field of asset pricing: Market efficiency, the equity premium puzzle and the cross-section of stock returns. Overall the thesis consists of three essays where all of them are mainly empirical. These essays are individual studies and focus on different research questions related to asset pricing. Although different in focus and approach the three essays contribute to a better understanding of central asset pricing issues. The research question of the first essay is twofold. First we analyze how efficiently do financial markets incorporate information about the announcement of stock buy-backs into market prices. Second we verify the motivation of stock buy-backs and test if these motives are robust across industries. The second essay of the thesis addresses the equity premium puzzle by modifying the Consumption Capital Asset Pricing Model (CCAPM) in a fairly simple way; by finding variables to instrument consumption. In the third essay we attempt to explain the differences in the cross section of stock returns by using bond factors and macroeconomic risks. The methodology of these essays is largely based on methods from the fields of microeconomics, macroeconomics and financial econometrics.

This thesis considers three major issues in the research field of asset pricing: Market efficiency, the equity premium puzzle and the cross-section of stock returns. Overall the thesis consists of three essays where all of them are mainly empirical. These essays are individual studies and focus on different research questions related to asset pricing. Although different in focus and approach the three essays contribute to a better understanding of central asset pricing issues. The research question of the first essay is twofold. First we analyze how efficiently do financial markets incorporate information about the announcement of stock buy-backs into market prices. Second we verify the motivation of stock buy-backs and test if these motives are robust across industries. The second essay of the thesis addresses the equity premium puzzle by modifying the Consumption Capital Asset Pricing Model (CCAPM) in a fairly simple way; by finding variables to instrument consumption. In the third essay we attempt to explain the differences in the cross section of stock returns by using bond factors and macroeconomic risks. The methodology of these essays is largely based on methods from the fields of microeconomics, macroeconomics and financial econometrics.

This study addresses an important gap in our understanding of how industry-specific ESGs affect market valuations and risks. While investor attention on ESG factors has increased, there is an urgent need for a thorough assessment of the reliability and comprehensiveness of ESG ratings in the context of voluntary disclosure by companies. This study aims to determine how failure to disclose ESG information affects market valuations.
Using a systematic approach, this project analyzes the frequency of disclosure of non-financial key performance indicators (KPIs) within each industry and develops a unique metric for non-disclosure. This approach ensures accurate representation of the disclosure landscape across vari-ous industrial sectors. This study uses established asset-pricing models to provide a comprehensive understanding of the impact of ESG non-disclosure on market valuation and risk.
This study examines whether companies with high levels of non-disclosure face market valuation disadvantages, and whether the impact of non-disclosure varies by company size and industry. To account for differences in ESG reporting standards, companies are categorized by industry or sec-tor and statistical techniques are used to examine the relationships between ESG disclosure, mar-ket value, and risk.

Das Projekt soll die Machbarkeit eines international ausgerichteten Forschungsprojektes in einer Vorstudie prüfen, in dem die Voraussetzungen und Rahmenbedingungen für eine nachhaltige und klimaneutrale Energieversorgung in kleineren Regionen, Staaten und Hoheitsgebieten ermittelt werden sollen. Konkret geht es darum,

1. organisatorische und technologische Wege der erneuerbaren Energieversorgung Liechtensteins durch internationaler Vergleichsstudien zu erarbeiten - und dadurch auch dem internationalen Verstaendnis einer verschaerften und einheitlichen Definition des Begriffes der Klimaneutralitaet zu entsprechen;

2. Konsequenzen fuer die räumliche und die wirtschaftliche Entwicklung des Landes und der Region anhand internationaler Vergleichsfälle und Fallbeispiele aufzuzeigen; und

3. durch vergleichende Policy-Analysen allgemein verstaendliche Handlungsempfehlungen für die Umsetzung dieses Szenarios zu entwickeln.

The construction industry is the main cause of global pollution, resource depletion, and consumption of energy from nonrenewable sources. The complete reincorporation of building materials into closed material cycles (through reuse, recycling, or decay and rotting), the changeover from linear consumption to the circular use of resources is central to the development of sustainable solutions for our environment, the construction industry, and architecture. Thus the project places the systematic analysis and redesign of the building stock as a repository for material and cultural resources at the very core of the investigation and architectural design by focusing on two central aspects.

1) Material Bank - the Building as a Material Resource
Through the concept of borrowing resources for the duration of a certain use and form (instead of expending those resources permanently), dismantling is no longer the destruction of resources but the recovery of assets in the form of material and immaterial values. Proceeding from a discourse of values and the material conditions of construction, the formation of an architecture according to the constructional and artistic rules of circular building and their impact on the construction industry and the financial sector will be examined.

2) Repository of Knowledge - the Building as an Immaterial Resource
In architecture, recycling cannot be reduced solely to molecules, because both material and immaterial values are embodied within construction waste. When designing, reuse entails working and building with the past and its meaning for today. In this regard, even contemporary building projects reveal their deficits: a lack of knowledge in the classification and allocation of found objects, history, narratives, and meaning in and for architecture.

The accompanying doctoral dissertation aims to understand these mechanisms at a broad level and to translate them into a tool for today's makers of architecture.