skip to navigation skip to content

Events

27
Oct

Seminar – Getting Inside the Entrepreneur’s Head: Why Observing Negative Affect in Creative Idea Pitches Elicits Positive Evaluations

09:00 - 10:45 |

Trumpington St, Cambridge, CAMBRI, GB, CB2 1QA

Ms Melanie Milovac, Cambridge Judge Business School

How do observed affective cues influence the evaluation of creative ideas pitched by entrepreneurs? In contrast to conventional wisdom about the benefits of displaying positive affect when pitching a creative idea, our findings suggest that negative affective cues elicit more favourable evaluations. Furthermore, we demonstrate that an underlying psychological process of this effect is a lay belief that negative affect is associated with more analytical, detail-oriented thinking. Three experiments presented participants with video segments of actual entrepreneurial pitches showing positive or negative affective cues. Controlling for idea content and entrepreneur gender, the studies show that individuals form more positive evaluations and contribute more to an idea when negative affective cues are present in the pitch. Trust in the entrepreneur’s competency and dedication, as well as inferences about entrepreneurs’ analytical scrutiny, mediated the positive effect of negative affect.

(more…)


28
Oct

Seminar – Do Corporate Taxes Hinder Innovation?

12:30 - 14:00 |

Trumpington St, CambridgeCB2 1AG

Dr Alminas Zaldokas, Hong Kong University of Science and Technology (HKUST)

We examine staggered changes in state-level corporate tax rates to show that an increase in taxes reduces future innovation. To sharpen our analysis, we exploit a novel dataset containing information on the geography of firms’ operations, and document that the effect is stronger among firms that have a higher proportion of operations in states that pass tax changes, and those that are located in states with laws that make shifting profits out of the state for tax reasons more difficult. Finally, we address concerns regarding endogeneity of tax changes by using instruments based on state-specific legislative rules; and accounting for local economic conditions by exploring how tax changes affect firms located in counties bordering other states.

(more…)


28
Oct

Seminar – A Look at the Dark Side of Business Model Innovation: Epistemic Ignorance, Systemic Side Effects and the 2008 Financial Crisis

15:00 - 16:30 |

Trumpington St, Cambridge, Cambs, VS, CB2 1AG

Professor Michael G. Jacobides, London Business School

Innovation, and more recently business-model innovation, has been a perennial topic of interest for strategy researchers. But while the challenges of adopting innovations or new business models have been well covered, the question of whether innovation inherently and invariably adds value has been neglected. A similarly benign view of innovation prevails in the financial sector – in spite of the disastrous economic impacts of the 2008 crisis, which can be traced to the introduction of innovative financial instruments and business models. This paper builds on a thorough examination of the historical record and our own original research to show how business-model innovation led to the financial crisis, and suggest new directions for policymakers that could avoid future catastrophes.

(more…)


28
Oct

Seminar – Future Energy Policy – A Few Critical Issues

18:00 - 19:30 |

Trumpington St, Cambridge, CAMBRI, GB, CB2 1AG

Dr Timothy Stone CBE, European Investment Bank

In two sessions Dr Timothy Stone CBE will address the current state of new nuclear and how we got here, and whether it’s time for a rethink on regulation. The lecture, which is part of the Cambridge University Energy Network (CUEN) seminar series, will be followed by a Q&A and a networking reception.

(more…)