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New Study Reveals: Companies Use Tax Information to Polish Their Environmental Image

New Study Reveals: Companies Use Tax Information to Polish Their Environmental Image

A comprehensive new study published in the Journal of Accounting and Taxation reveals intriguing connections between tax avoidance, environmental performance, and corporate reporting.

 

The article titled "The Impact of Tax Avoidance and Environmental, Social, and Governance Performance on the Cost of Equity Capital: Evidence from China" — co-authored by Johannes Schneider, Associate Professor of Data Science & Artificial Intelligence at the University of Liechtenstein — explores how companies use tax information in their corporate social responsibility (CSR) reports.

 

Key Findings of the Study:

 

  • CSR and Taxes: The study analyzed 2,984 CSR reports from 22 countries and found that companies tend to disclose only limited tax information. Instead of presenting comprehensive strategies, they often frame tax payments as a social good. Of the 107 reports from companies based in Switzerland, 67.3% included tax information, and 34.6% highlighted the benefits of tax payments for the public and society.
  • Symbolic Disclosure: There is a negative correlation between strong environmental performance and tax-related CSR disclosures. Companies with weaker environmental records often use tax topics to enhance their public image.
  • Tax Avoidance: Firms engaging in tax avoidance tend to portray their tax payments in a positive light — particularly in the U.S. — using this information to preserve or restore their reputation.
  • Disclosure Motivation: Companies use tax-related CSR disclosures to emphasize good performance and improve their public image.

 

Relevance and Implications:

 

At a time of increasing demands for transparency and environmental responsibility, this study offers valuable insights into corporate reporting practices. It shows that tax information is often used strategically by companies to boost their image without necessarily providing substantial additional information or taking meaningful action. These findings are of interest to both standard setters and readers of CSR reports.

 

The original article is published in the Journal of the American Taxation Association: https://www.uni.li/de/forschung/forschungsaktivitaeten/veroeffentlichungen/publikationen/@@publication_detail/9604.67

 

Lindau Nobel Laureate Meeting 2024

Lindau Nobel Laureate Meeting 2024

Zwei Personen stehen nebeneinander und lächeln in die Kamera. Beide tragen Namensschilder und sind formell gekleidet.

From June 30 to July 5, 2024, more than 30 Nobel Laureates and around 600 young scientists gathered in Lindau for the 73rd Lindau Nobel Laureate Meeting, which this year was dedicated to the field of physics.

 

The annual meeting rotates between the disciplines of physics, chemistry, medicine, and economics, as well as interdisciplinary themes. It offers a platform for networking and features a diverse program designed to encourage interaction and exchange among young scientists and Nobel Laureates.

 

Florina Marxer successfully passed an international selection process and had the great honor of participating in the meeting with support from the University of Liechtenstein. She is a doctoral student at ETH Zurich, where she researches how proteins self-organize into functional larger structures during cell division within the field of biophysics. According to Florina Marxer, the exchange with students and Nobel Laureates at the Lindau Meeting was inspiring and will shape her both as a scientist and as an individual.

 

At the conclusion of this year's meeting, attending Nobel Laureates signed a declaration warning against the use of nuclear weapons. The first such “Mainau Declaration” was initiated in 1955 by German Nobel Laureates Otto Hahn and Max Born, also warning against nuclear arms. This year’s declaration marks only the third Mainau Declaration in the history of the meeting—truly a historic moment.

 

Zwei Personen stehen nebeneinander und lächeln in die Kamera. Beide tragen Namensschilder und sind formell gekleidet.

Entrepreneurship Conference: Self-Leadership as an Essential Foundation

Entrepreneurship Conference: Self-Leadership as an Essential Foundation

Ein Vortragender präsentiert in einem Seminarraum ein Paper über Selbstführung für Unternehmer. Im Hintergrund ist eine Leinwand mit einer Präsentationsfolie zu sehen. Tische mit Laptops und Kamera sind im Vordergrund.

At the Geneva/Fribourg Entrepreneurship Forum—an affiliated event of the global congress of the renowned International Council of Small Business (ICSB 2024)—Prof. Dr. Marco Furtner presented the paper "Self-leadership: the essential drive for entrepreneurs" during the Entrepreneurial Leadership session.

 

The international conference, hosted by the School of Management at the University of Applied Sciences and Arts Western Switzerland in Fribourg (HSW-FR), brought together founders, business and political leaders, and researchers from various continents to exchange creative and innovative ideas.

 

The paper on "Self-leadership as a foundational basis for entrepreneurs", authored by Marco Furtner, Simon Liegl, and Kilian Klösel, was based on an empirical study involving 300 participants. It was the first to demonstrate that self-leadership plays a key mediating role between entrepreneurial personality traits (extraversion, openness, conscientiousness, self-efficacy, and internal locus of control) and business-related outcomes (innovativeness and job performance).

 

The results highlight the vital role of self-leadership in the entrepreneurial context. Whether in the start-up phase or during later stages of business development, self-leadership can positively influence performance and entrepreneurial success. Therefore, aspiring entrepreneurs should place a strong emphasis on training and developing their self-leadership skills.

 

Students at the University of Liechtenstein stand to benefit directly from these insights, as special focus is already placed on developing self-leadership skills within their academic programs.

 

Ein Vortragender präsentiert in einem Seminarraum ein Paper über Selbstführung für Unternehmer. Im Hintergrund ist eine Leinwand mit einer Präsentationsfolie zu sehen. Tische mit Laptops und Kamera sind im Vordergrund.

Revolutionizing Product Design: How Artificial Intelligence Helps Engineers Make Data Scientists Redundant

Revolutionizing Product Design: How Artificial Intelligence Helps Engineers Make Data Scientists Redundant

At the prestigious European Conference on Information Systems (ECIS) 2024—one of the world’s most significant gatherings for academics and practitioners in the field of information systems—Lijo Johny and Associate Professor Johannes Schneider from the University of Liechtenstein, together with their colleague Hannes Dechant from the Technical University of Munich, presented a new study that could revolutionize product design.

 

The Problem: Too Much Dependence on Data Experts

 

Machine Learning (ML), a subfield of Artificial Intelligence, has the potential to transform product design. However, challenges remain: engineers, as domain experts, often rely heavily on data scientists to understand and apply complex ML models. This leads to three major issues:

 

  • A lack of digital support systems for decision-makers
  • Excessive reliance on data scientists
  • Insufficient ML skills among domain experts

 

The Solution: An Intelligent Assistance System for Design Engineers

 

In their ongoing research, the authors have developed an ML system specifically designed to support engineers in their work without requiring constant help from data scientists.

 

Imagine being able to utilize complex ML models without being a data expert yourself. This new system promises exactly that: a user-friendly, web-based application that helps engineers accelerate their design processes while also fostering a better understanding of the role of data science. This makes working with advanced technology easier and more efficient.

 

About the Conference:

 

The European Conference on Information Systems (ECIS) is the flagship conference of the Association of Information Systems in Region 2, which includes Europe, Africa, and the Middle East. It is considered one of the most important international gatherings of researchers and practice-oriented experts in the field of information systems.

 

Further Information:

 

The original article is available in the AIS Electronic Library (AISeL) under the ECIS 2024 Proceedings: Taking Data Scientists Out-of-the-Loop in Knowledge Intense Analytics — A Case Study for Product Designs (aisnet.org).

 

Graduation Ceremony of the Certificate Program in Economic Criminal Law

Graduation Ceremony of the Certificate Program in Economic Criminal Law

Eine Gruppe von acht Personen steht lächelnd in einem modernen Innenraum. Drei Personen in der vorderen Reihe halten Zertifikate in den Händen. Die Umgebung wirkt hell und einladend mit Holzelementen und Pflanzen.

The University of Liechtenstein bid farewell in a festive ceremony to the first graduates of the newly launched Certificate Program in Economic Criminal Law.

 

On Wednesday, July 10, 2024, Dr. Christian Frommelt, Rector of the University of Liechtenstein, warmly welcomed the first graduates of the Certificate Program in Economic Criminal Law to their graduation ceremony. In his welcoming address, he emphasized the importance of this new part-time continuing education program for the Liechtenstein economic and financial center.

 

Following his address, Dr. Christian Frommelt presented the certificates and congratulated the graduates on successfully completing the program. He once again highlighted their great achievement in completing this part-time course of study. A total of nine students completed the first cycle of the program, which began in September 2023 under the leadership of Prof. Dr. Konstantina Papathanasiou, LL.M., Professor of Economic Criminal Law, Compliance, and Digitalization.

 

The continuous changes in the framework conditions at the financial center mean that the roles of compliance officers, AML officers, trustees, or lawyers are becoming increasingly demanding. The associated requirements regarding the prevention of criminal liability risks should not be underestimated. Therefore, a solid education and continuous professional development are indispensable. Through the practice-oriented training offered by the Chair of Economic Criminal Law, Compliance, and Digitalization, the graduates have acquired sound professional qualifications that optimally prepare them for their roles within the Liechtenstein financial sector.

 

The next cycle of the certificate program will begin in September 2025.

 

Eine Gruppe von acht Personen steht lächelnd in einem modernen Innenraum. Drei Personen in der vorderen Reihe halten Zertifikate in den Händen. Die Umgebung wirkt hell und einladend mit Holzelementen und Pflanzen.

Artificial Intelligence – A Topic for Everyone

Artificial Intelligence – A Topic for Everyone

Johannes Schneider, Associate Professor of Data Science & Artificial Intelligence, had the opportunity to give several talks on the topic of artificial intelligence (AI) this month. His audiences were entirely different from one another, underscoring that AI is a subject of interest to everyone.

 

On June 4, Johannes Schneider delivered a lecture titled “AI: Yesterday, Today, and Tomorrow” during the lunchtime meeting of the Rotary Club Liechtenstein. He provided a fascinating insight into the world of artificial intelligence, presenting its development from the past to the present, highlighting the progress it has made as well as the limitations it still faces. He also took a glimpse into the future, using examples to discuss the potential impact of AI on areas such as business, education, and society.

 

On June 11, a specific application of AI—its use in companies—was the focus of his lecture. During a workshop hosted by SAP, Johannes Schneider spoke to a professional audience on “Governance of Generative AI for Companies.” Generative Artificial Intelligence (GenAI), particularly large language models like ChatGPT, have rapidly found their way into companies, often without proper governance. This leads to risks and missed opportunities. Together with colleagues, Johannes Schneider proposed a governance framework for GenAI that defines the scope, objectives, and mechanisms for leveraging business opportunities while mitigating the risks associated with GenAI integration.

 

On June 25, Johannes Schneider was a speaker at the Campus Talk hosted by the University of Liechtenstein on the topic “AI – Benefit or Harm.” Artificial intelligence, which remained stagnant for a long time, is now undergoing rapid advancement. This development raises important questions: Why now? How does AI actually work? What does AI mean for us, and what risks and opportunities does it present? In his talk, Schneider addressed these questions using illustrative examples to foster understanding of AI and to inspire deeper reflection.

 

Conference of the American Association of Wine Economists in Lausanne

Conference of the American Association of Wine Economists in Lausanne

Zwei Männer in Anzügen mit roten Namensschildern stehen lächelnd in einem modernen Konferenzraum. Im Hintergrund ist ein Bildschirm mit der Aufschrift „Welcome to the participants of AAWE conference“ zu sehen. Links steht eine dekorative Pflanze auf einem Tisch.

This year, the annual conference of the American Association of Wine Economists took place at the EHL Hospitality Business School in Lausanne. Over the course of a week, leading researchers in the field of wine economics exchanged ideas on current topics. The latest studies and findings were presented during various sessions.

 

Among the attendees was University of Liechtenstein alumnus Marco Lauber, who represented the University of Liechtenstein at the event. In Lausanne, he presented the results of his master's thesis, which he completed during his Master's program in Entrepreneurship & Management at the University of Liechtenstein. In his research, Marco explored how small and medium-sized wineries (SMEs) in Switzerland apply entrepreneurial marketing. He was supported by his supervisor Dr. Stefan Wilhelm from the University of Liechtenstein and Prof. Dr. Stefan Güldenberg from EHL.

 

Together, they developed the academic paper titled "Entrepreneurial Marketing 2.0 within the Swiss Wine Industry". Marco presented this work at the conference in Lausanne. The study revealed that many wineries in Switzerland often apply entrepreneurial marketing unconsciously in order to conduct effective marketing despite limited resources. Furthermore, the study found that entrepreneurial marketing could generally be a promising marketing strategy for small wineries worldwide.

 

Zwei Männer in Anzügen mit roten Namensschildern stehen lächelnd in einem modernen Konferenzraum. Im Hintergrund ist ein Bildschirm mit der Aufschrift „Welcome to the participants of AAWE conference“ zu sehen. Links steht eine dekorative Pflanze auf einem Tisch.

SWISS Internal Leadership Development Program – Launch of In-House Trainings and Workshops

SWISS Internal Leadership Development Program – Launch of In-House Trainings and Workshops

Eine Gruppe von Menschen steht lächelnd in einem Seminarraum vor einer Leinwand, die eine Präsentation zum Operations Leadership Development-Programm der Universität Liechtenstein und SWISS zeigt.

The in-house trainings and workshops as part of the SWISS Operations Leadership Development Program have officially begun. This marks the start of the cooperation between Swiss International Air Lines AG (SWISS) and the Chair of Entrepreneurship and Leadership at the University of Liechtenstein, representing a significant advancement in the further development and consolidation of leadership training for SWISS pilots.

 

Further Development of the Existing Leadership Journey

 

Through this partnership supporting the SWISS Operations Leadership Development Program, the Chair of Entrepreneurship and Leadership, led by Prof. Dr. Marco Furtner, strengthens the existing leadership development initiatives.

 

Based on the four pillars of Self-Leadership, Leadership, Entrepreneurship, and Followership, the training program accompanies and supports SWISS Captains and First Officers throughout their entire leadership journey. The customized in-house trainings, specifically tailored to SWISS’s needs, include topics such as:

 

  • Support in designing the SWISS Leadership Development Program
  • Workshops and seminars in Zurich/Kloten and at the University of Liechtenstein
  • Conceptual and academic guidance
  • Consulting and coaching

 

Unique Demands Call for a Unique Leadership Concept

 

The focus of the Leadership Development Program goes beyond aviation skills and emphasizes leadership within the complex environment involving flight crews, cabin crews, ground staff, and passengers.

 

Leadership of employees is to be embedded as a core element in the ongoing internal training of SWISS pilots. These pilots regularly operate in changing teams, take on leadership over specialized crew members, and work together to reach common goals. All of this occurs under tight time constraints and great responsibility, where effective teamwork must be ensured and correct conduct upheld. Due to this unique setting, an equally unique leadership concept is required.

 

Successful Kickoff and Outlook for Synergies

 

This program phase was launched in June 2024 with a day-long workshop at the University of Liechtenstein, opened by the university’s rector, Dr. Christian Frommelt. The official part of the program was followed by a shared meal and a short tour of the university, rounding off a successful start to the project.

 

With the start of in-house trainings and workshops, the University of Liechtenstein marks a key milestone in its collaboration with the SWISS team, led by Martin Stüssi, creating ideal conditions for gaining new insights in leadership development and contributing to scientific advancement.

 

 

Eine Gruppe von Menschen steht lächelnd in einem Seminarraum vor einer Leinwand, die eine Präsentation zum Operations Leadership Development-Programm der Universität Liechtenstein und SWISS zeigt.

Two Teaching Licenses Awarded

Two Teaching Licenses Awarded

Drei Personen stehen vor einer Wand mit dem Logo der Universität Liechtenstein. Zwei von ihnen halten Zertifikate in den Händen.

At the Senate meeting on 3 July 2024, the certification of teaching qualifications and the awarding of a teaching license were fortunately on the agenda twice: Assistant Professor Dr. Sebastian Stöckl was certified as qualified to teach the subject "Economics (Business Administration and Economics)" and awarded the corresponding teaching license. Prof. Dr. Thomas Grisold was awarded the teaching qualification for the subject "Business Administration" and the corresponding teaching license.

 

The Chair of the University Senate, Prof. Dr. Konstantina Papathanasiou, presented the certificates and warmly congratulated them on reaching this important milestone in their academic careers. The habilitation is the highest academic examination that demonstrates outstanding academic and pedagogical aptitude for independent research and teaching in a specific academic field. The teaching qualification also symbolizes the freedom to pursue innovative and critical approaches, as well as the responsibility to impart knowledge with integrity. The University of Liechtenstein wishes both honorees, who were appointed "Privatdozenten (PD)" upon receiving their certificates, every success for their future academic contributions!

 

Drei Personen stehen vor einer Wand mit dem Logo der Universität Liechtenstein. Zwei von ihnen halten Zertifikate in den Händen.

Convention of Building Culture 2024

Convention of Building Culture 2024

Ein einfaches, modulares Holzgebäude mit einem Wellblechdach steht auf Rollen in einem modernen, lichtdurchfluteten Raum. Das Design zeigt eine offene Struktur mit diagonalen Verstrebungen und Holzverkleidung, ideal für nachhaltiges Bauen und architektonische Bildung.

On June 19 and 20, 2024, building professionals from all over Germany gathered in Potsdam for the "Convention of Building Culture". This year's workshops and discussions will focus on the conversion, expansion and design of infrastructure.

 

Dr. Wolfgang Schwarzmann, Craft & Structure, Liechtenstein School of Architecture, took part in the Convention of Building Culture as a speaker on the topic of "Knowledgeable building materials and craftsmanship". In his lecture entitled "Simple building - 5 suggestions for a low-threshold introduction", he presented examples using the "Werkraum Häuschen". The Werkraum Häuschen was part of Wolfgang Schwarzmann's doctoral thesis and also part of the FFF project "Digital Masters" at the Liechtenstein School of Architecture.

 

Another focus of the Convention of Baukultur was building heritage, which is also a high priority at the Liechtenstein School of Architecture: "Maintaining, renovating and expanding existing infrastructure is the task of our time," says Reiner Nagel, Chairman of the Board of the Federal Foundation of Baukultur. "Roads, wind and hydroelectric power plants or switch boxes are never purely functional - they also have a social and aesthetic component: Infrastructures shape spaces and people. The way schools, hospitals, bridges and sidewalks are designed has an impact on us. This is where we can make a positive impact with Baukultur in order to actively shape an environment worth living in, in which people are at the center." The event was extremely well attended politically and therefore provided an excellent platform for the Liechtenstein School of Architecture.

 

Ein einfaches, modulares Holzgebäude mit einem Wellblechdach steht auf Rollen in einem modernen, lichtdurchfluteten Raum. Das Design zeigt eine offene Struktur mit diagonalen Verstrebungen und Holzverkleidung, ideal für nachhaltiges Bauen und architektonische Bildung.
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