http://phys.org/science-news/economics-business/ en-us Phys.Org provides the latest news on economics research, business research, management sciences While folk wisdom has its place, the "folks" may not be so wise when it comes to shopping for airline tickets, say researchers at Texas A&M University. http://phys.org/news288603759.html Other Sciences - Economics & Business Fri, 24 May 2013 09:00:02 EST news288603759 Commitment to the job by correctional staff members cannot be bought but must be earned by an organization, a Wayne State University researcher believes. http://phys.org/news288539373.html Other Sciences - Economics & Business Thu, 23 May 2013 14:49:40 EST news288539373 IBM's new survey of marketing professionals finds that chief marketing officers (CMOs) are differentiating their brands by crunching big data in real-time and automating personalized marketing campaigns. The price tag for failing to meet the needs of today's so-called "omni-channel shoppers"—who frequent both online and in-store channels—is $83 billion in lost sales in the U.S. each year due to poor and inconsistent customer experiences. http://phys.org/news288517348.html Other Sciences - Economics & Business Thu, 23 May 2013 08:42:37 EST news288517348 If you're a small charity looking for some corporate largesse, pegging your ask to a big morale-boosting event planned for your community may help seal the deal, suggests a new study on corporate giving. http://phys.org/news288433511.html Other Sciences - Economics & Business Wed, 22 May 2013 09:25:17 EST news288433511 Now that April 15 has come and gone, most Americans have turned their attention away from taxes. But MIT student Stefanie Stantcheva continues to ponder the trade-offs associated with taxation. http://phys.org/news288428320.html Other Sciences - Economics & Business Wed, 22 May 2013 08:10:06 EST news288428320 (Phys.org) —A University of Michigan study challenges previous research that suggests umpire discrimination exists in Major League Baseball. http://phys.org/news288427108.html Other Sciences - Economics & Business Wed, 22 May 2013 08:00:01 EST news288427108 If current education and labor market trends continue, New York will face a deficit of 350,000 workers with mid-level skills to fill current jobs. The need is particularly evident in the five-county Capital Region. http://phys.org/news288427367.html Other Sciences - Economics & Business Wed, 22 May 2013 07:43:05 EST news288427367 Social media has definitely changed the game for job-seekers and recruiters. Traditionally, HR recruiters placed an advertisement, sifted through the responses, and interviewed the shortlisted candidates before appointing the best interviewee with the best references. Those days are over. http://phys.org/news288425829.html Other Sciences - Economics & Business Wed, 22 May 2013 07:18:04 EST news288425829 (Phys.org) —The corporate social responsibility programs of big mining companies in remote towns are often disconnected from community needs, reactive and ad hoc. http://phys.org/news288334784.html Other Sciences - Economics & Business Tue, 21 May 2013 06:20:01 EST news288334784 In a new business, sometimes the better part of wisdom is knowing when to quit, a new study concludes. http://phys.org/news288290285.html Other Sciences - Economics & Business Mon, 20 May 2013 17:38:11 EST news288290285 Tourists set on relaxing and socialising when they reach their holiday destination tend to do little advance research on the internet before making their trip, but are more likely to share travel information and photos on social media once they return home, according to a study to be published in the International Journal of Tourism Policy. By contrast, travellers motivated by food-, nature- and culture-related factors do lots of online research before and during their trip, but share little information with others on social media. http://phys.org/news288262998.html Other Sciences - Economics & Business Mon, 20 May 2013 10:03:45 EST news288262998 Countries that have higher levels of corruption struggle to attract and retain skilled workers report the authors of a new study published in EMBO reports. http://phys.org/news288005756.html Other Sciences - Economics & Business Fri, 17 May 2013 10:36:15 EST news288005756 In today's virtual world, it's easy to downplay the significance of place. Yet when it comes to regional prosperity, geography matters. Income and job growth is not random but rather spill over from one region to another, meaning that merely being next to a prosperous region will make your own economy more vibrant. http://phys.org/news287938040.html Other Sciences - Economics & Business Thu, 16 May 2013 15:47:34 EST news287938040 Although the value of our property might rise, we do not on that account increase our consumption. This is the conclusion by economists from University of Copenhagen and University of Oxford in new research which is contrary to the widely believed assumption amongst economists that if there occurs a rise in house prices then a natural rise in consumption will follow. The results of the study is published in the scientific journal The Economic Journal. http://phys.org/news287835200.html Other Sciences - Economics & Business Wed, 15 May 2013 11:13:29 EST news287835200 (Phys.org) —Saving is a critical first step on the path to financial security. But many low-income families find it challenging to choose saving for the future over meeting pressing spending needs today. http://phys.org/news287827295.html Other Sciences - Economics & Business Wed, 15 May 2013 10:20:02 EST news287827295 In a digital world, literature, art and music are often the result of collaborative efforts. But who owns what, and can copyright law cope? New research aims to find out. http://phys.org/news287822847.html Other Sciences - Economics & Business Wed, 15 May 2013 08:00:01 EST news287822847 Companies located in more economically-troubled states provide a greater opportunity for investors than companies in other states according to new research by the University of Miami School of Business Administration. The study reveals that investors in states with high unemployment and a relatively depressed housing sector tend to sell more stocks during these tough economic times, and because people invest disproportionately in companies close to home, the stock prices of firms in those states suffer disproportionately. http://phys.org/news287754545.html Other Sciences - Economics & Business Tue, 14 May 2013 12:49:13 EST news287754545 Many entrepreneurs claim that they care about sustainability, yet they make decisions that are harmful to the environment. Economic researchers from Germany and the USA have discovered that many bosses do indeed have firm convictions - but that they unconsciously disengage their values from their business actions. The type of entrepreneur most likely to fall into this category are those who perceive themselves as highly influential or who are operating in a challenging industry environment. http://phys.org/news287666703.html Other Sciences - Economics & Business Mon, 13 May 2013 12:25:17 EST news287666703 Students graduating during May's Commencement ceremony will be greeted with some good news: employers plan to hire slightly more of them. http://phys.org/news287650997.html Other Sciences - Economics & Business Mon, 13 May 2013 09:00:05 EST news287650997 (Phys.org) —How much CEOs are compensated is often a subject of angst in the media and among the public. When a company's board of directors hires a new chief executive, it's often perceived that the level of compensation is not based on the value of the CEO to the firm, but on other factors—such as how many connections the new hire has on the board. http://phys.org/news287650225.html Other Sciences - Economics & Business Mon, 13 May 2013 07:50:36 EST news287650225 Many people express objections against child labor, exploitation of the workforce or meat production involving cruelty against animals. At the same time, however, people ignore their own moral standards when acting as market participants, searching for the cheapest electronics, fashion or food. Thus, markets reduce moral concerns. This is the main result of an experiment conducted by economists from the Universities of Bonn and Bamberg. The results are presented in the latest issue of the renowned journal Science. http://phys.org/news287407821.html Other Sciences - Economics & Business Fri, 10 May 2013 12:30:33 EST news287407821 Often, it's not what you know, but who you know when it comes to business and research success and that still applies even in the age of online social networking, according to results to be published in the International Journal of Organisational Design and Engineering. http://phys.org/news287309341.html Other Sciences - Economics & Business Thu, 09 May 2013 09:09:08 EST news287309341 (Phys.org) —What kind of judgments do buyers make based on the way a sellers present themselves? How do these judgments impact buyers' willingness to close a sale? Penn State Smeal College of Business researcher Lisa Bolton and her colleagues from the University of Kentucky addressed these questions in a recent study, specifically examining the effects of sellers' conspicuous consumption—or obvious displays of wealth in personal appearance and environment—on the buyer-seller relationship. http://phys.org/news287299094.html Other Sciences - Economics & Business Thu, 09 May 2013 06:40:02 EST news287299094 Property pundits are hoping the Reserve Bank of Australia's latest cut to interest rates will help stoke the country's flat property sector into life. http://phys.org/news287297623.html Other Sciences - Economics & Business Thu, 09 May 2013 05:53:52 EST news287297623 Can you imagine a world where a subway ride becomes the highlight of your day? Where going to the laundromat isn't such a dreary duty? A recent study published in the Journal of Service Research found that our perception of certain services can drastically change with the right adjustments, and not everyone needs Mickey Mouse and daily parades to make their experience magical. http://phys.org/news287205528.html Other Sciences - Economics & Business Wed, 08 May 2013 04:21:32 EST news287205528 (Phys.org) —Government policies that boost the amount of home ownership in a country are likely to inflict severe damage on the labour market, new research from the University of Warwick suggests. http://phys.org/news287133655.html Other Sciences - Economics & Business Tue, 07 May 2013 08:21:03 EST news287133655 (Phys.org) —Inspired by a personal experience, a University of Arkansas economist examined the relationship between corruption and regulatory compliance – on both a theoretical and empirical level – and found, surprisingly, that corruption in some circumstances actually fosters regulatory compliance. http://phys.org/news287129533.html Other Sciences - Economics & Business Tue, 07 May 2013 07:12:21 EST news287129533 Consumers are a lot more predictable than they seem. This is the main discovery of an international scientific study, in which the Universidad Carlos III of Madrid has participated, which reveals how to predict people's shopping patterns. http://phys.org/news287060632.html Other Sciences - Economics & Business Mon, 06 May 2013 12:03:59 EST news287060632 (Phys.org) —The sluggish recovery of U.S. jobs since the recession began is due to companies being mired in business uncertainty about national policies rather than other hiring and financial roadblocks, according to a University of Colorado Boulder study. http://phys.org/news287043919.html Other Sciences - Economics & Business Mon, 06 May 2013 07:50:01 EST news287043919 More and more people want to work longer hours – but can't because there isn't a demand for their services. Meet the "underemployed". http://phys.org/news286787624.html Other Sciences - Economics & Business Fri, 03 May 2013 08:30:02 EST news286787624