• Inferring comprehensible business/ICT alignment rules

      Cumps, Bjorn; Martens, David; De Backer, Manu; Haesen, Raf; Viaene, Stijn; Dedene, Guido; Baesens, Bart; Snoeck, Monique (Information and Management, 2009)
      We inferred business rules for business/ICT alignment by applying a novel rule induction algorithm on a data set containing rich alignment information polled from 641 organisations in 7 European countries. The alignment rule set was created using AntMiner+, a rule induction technique with a reputation of inducing accurate, comprehensible, and intuitive predictive models from data. Our data set consisted of 18 alignment practices distilled from an analysis of relevant publications and validated by a Delphi panel of experts. The goal of our study was to describe practical guidelines for managers in obtaining better alignment of ICT investments with business requirements. Our obtained rule set showed the multi-disciplinary nature of B/ICT alignment. We discuss implication of the alignment rules for practitioners.
    • Influence of acquirer boards on M&A value creation. Evidence from continental Europe

      Defrancq, Corneel; Huyghebaert, Nancy; Luypaert, Mathieu (Journal of International Financial Management & Accounting, 2021)
      We examine how the size and the composition of acquirer boards are associated with shareholder abnormal returns for 2,230 M&As made by listed firms in Continental Europe. Although board size proves insignificant, our findings do offer some evidence as to a beneficial effect of board diversity on M&A value creation. Gender diversity appears marginally positively associated with acquirer shareholder abnormal returns. The fraction of foreign directors is in general not significantly positive, unless the rule of law in the acquirer country is weak. Nonetheless, nationality diversity in the board turns out harmful in purely domestic takeovers. The influence of age diversity is marginally positive, yet only in domestic and horizontal takeovers. Next, the fraction of independent directors has a robust positive effect on the acquirer CAR, while directors with multiple board appointments prove valuable especially through preventing firms from pursuing poor takeovers. Finally, CEO duality is detrimental only in industry‐diversifying deals initiated by acquirers that are not controlled by an individual or a family shareholder. Any negative CEO‐duality effect is mitigated when the acquirer‐country rule of law is strong.
    • Influence of family ownership on the industry-diversifying nature of a firm's M&A strategy: Empirical evidence from Continental Europe

      Defrancq, Corneel; Huyghebaert, Nancy; Luypaert, Mathieu (Journal of Family Business Strategy, 2016)
      We investigate how family ownership influences the industry-diversifying nature of M&As by listed companies in Continental Europe and the corresponding shareholder value effects at deal announcement. For a large sample of 3485 M&As during 2005-2013, we observe that acquirers having a family as the largest shareholder are less inclined to take over an unrelated target firm than lone-founder and other types of non-family firms. However, as the size of the family ownership stake increases, family firms become more eager to follow an industry-diversifying M&A strategy. While industry-diversifying M&As are associated with lower abnormal returns for acquirer shareholders on average, we also observe that family ownership fully reverses this negative effect. We therefore conclude that those unrelated M&As, although still representing a conflict of interest with the family firm's minority investors, do not destroy shareholder value on average.
    • The influence of formal and informal institutional voids on entrepreneurship

      Webb, Justin W.; Khoury, Theodore Andrew; Hitt, Michael A. (Entrepreneurship Theory and Practice, 2020)
      Building new space for institutional theory, we propose how the severity of formal and informal institutional voids shapes the productivity of entrepreneurial activities within society. Our theory makes the key assumptions that voids can exist in both formal and informal institutions and that they are capable of hindering entrepreneurial behavior that is favorable to development progress. We extend new theoretical domains by conceptualizing informal institutional voids and proposing how both formal and informal institutional voids and their interaction influence two qualitative outcomes within localities: (1) the unique forms of entrepreneurial activity, and (2) the objectives underlying this entrepreneurial activity.
    • Influence of learning in resource-constrained project scheduling

      Van Peteghem, Vincent; Vanhoucke, Mario (Computers and Industrial Engineering, 2015)
      Learning effects assume that the efficiency of a resource increases with the duration of a task. Although these effects are commonly used in machine scheduling environments, they are rarely used in a project scheduling setting. In this paper, the effect of learning in a project scheduling environment is studied and applied to the discrete time/resource trade-off scheduling problem (DTRTP), where each activity has a fixed work content for which a set of execution modes (duration/resource requirement pairs) can be defined. Computational results emphasize the significant impact of learning effects on the project schedule, measure the margin of error made by ignoring learning and show that timely incorporation of learning effects can lead to significant makespan improvements.
    • The influence of private equity and venture capital on the post-IPO performance of newly-public acquirers

      Matanova, Natalia; Steigner, Tanja; Sutton, Ninon; Thompson, Linh (The North American Journal of Economics and Finance, 2022)
      This paper examines the influence of private equity (PE) and venture capital (VC) ownership on the post-initial public offering (IPO) performance of newly-public acquirers. Our results show that acquirers with PE- or VC-backing at the time of the IPO perform better long-term than acquirers without such backing. More importantly, while acquirers without financial backing experience negative long-run returns from first-year acquisitions, acquirers with continued PE- and VC-backing perform significantly better when making acquisitions within the first year after going public. However, acquiring firms and investors should be aware that for mergers in the second and third year post-IPO, continued VC ownership has a detrimental long-term impact. In contrast, higher levels of continued PE ownership tend to have a positive relationship with long-run performance.
    • The influence of project resource allocation on the resource capacity of the business processes

      Vanacker, Laura; Van Raemdonck, Olivier; Servranckx, Tom; Vanhoucke, Mario (The Journal of Modern Project Management, 2018)
      In small and medium enterprises, resources from within the company are often used to fulfill small-scale projects. This paper discusses the influence of project resource allocation on the operational workflow of small and medium enterprises based on a case study. More precisely, the capacity of certain business operations will be lowered due to the allocation of scarce resources to projects. Subsequently, this might result in a temporarily lower throughput in the business processes and thus a potential loss of profitability. As a result, project scheduling and resource management have a clear impact on the planning and execution of the daily operations. In case that the deterministic estimates of project durations and costs are used, without accounting for risk and uncertainty, project delays are highly likely. Given the relation between project and business resource allocation, project delays might lead to difficulties in meeting targets in the daily operations. This paper presents an approach to incorporate the above effect in the decision-making process of portfolio management, i.e. the choice to initiate a project given the negative impact on the business processes. The decision-making process that results from this fundamental trade-off is demonstrated using a real-life project, which could provide valuable insights to project managers in small and medium enterprises.
    • Influence of the environment on the starting configuration of research based spin-offs in Europe

      Clarysse, Bart; Heirman, Ans; Degroof, Jean-Jacques (STI Review, 2000)
    • Informatie-economie: ook belangrijk voor management accounting

      Roodhooft, Filip (Tijdschrift voor Economie en Management, 1992)
    • Informatievoorziening in (middel)grote organisaties

      Deschoolmeester, Dirk; De Laet, Koen (Informatie, 1997)
    • Initial trust and intentions to buy: The effect of vendor-specific guarantees, customer reviews and the role of online shopping experience

      Stouthuysen, Kristof; Teunis, Ineke; Reusen, Evelien; Slabbinck, Hendrik (Electronic Commerce Research and Applications, 2018)
      This study experimentally investigates the effects of vendor-specific guarantees and customer reviews (1) on the formation of initial consumers’ trust—separating institutional and competence trust—and (2) on first-time consumers’ intentions to buy. In addition, we examine how differing levels of online shopping experience moderate the relationship between trust and consumers’ intentions to buy. The empirical results of the study reveal the relative effectiveness of the two vendor mechanisms, with vendor-specific guarantees having a more positive effect on institutional trust and customer reviews on competence trust. While our results also show that initial trust is a central concept in explaining consumers’ intentions to buy, we find that this relationship is more pronounced for competence trust in case when consumers are more experienced with online shopping. Meanwhile, institutional trust seems a necessary prerequisite for both experienced and inexperienced online shoppers to actually buy from an unfamiliar vendor. Our study provides important managerial implications that are of interest to online vendors, especially for newly established or unknown web-based businesses.
    • Innovatie dankzij een veilige omgeving en moedige mensen

      De Stobbeleir, Katleen (P&O praktijkblad, 2011)
    • Innovating grid regulation to regulate grid innovation: from Orkney Isles to Kriegers Flak via Italy

      Meeus, Leonardo; Saguan, Marcelo (Renewable Energy, 2011)
      n the current context of a decarbonizing electricity system, grid innovation is needed to deal with the main challenges of integrating distributed generation, demand and storage, and large-scale renewable energy sources. Grid companies however have disincentives to innovate under the conventional regulatory framework, and if they do innovate, they are confronted with grid users that have disincentives to participate in the innovation. This paper analyzes three empirical cases where state of the art regulatory frameworks have been successful at stimulating grid innovation. The main lesson learned from the cases is that there is experience with addressing the disincentive of grid companies to innovate, but the participation of grid users in the innovation is much more an open issue
    • Innovation for growth in mature industries: Solvay's influenza business

      Crijns, Jeroen; Palache, Bram; Vanhaverbeke, Wim (Journal of Knowledge-based innovation in China, 2009)
    • Innovation in Financial services - Beyond the red castle

      Cumps, Bjorn; Van Dyck, Walter (Global Banking and Finance Review, 2014)
      Even though we have witnessed a number of helpful innovations in recent years (i.e. mobile banking apps, QR-code based peer-to-peer payments, digital advisors, gamified savings accounts etc.), I think it is fair to say that banks and insurance companies are not the most innovative organisations around. Despite this, change is in the air and there are signs that the finance industry is finally beginning to realise the importance of innovation – but it is also clear that there is a long road ahead if banking is to catch up with other sectors such as I.T and Healthcare.
    • Innovation in the elderly care sector: at the edge of chaos

      Verleye, Katrien; Gemmel, Paul (Journal of Management & Marketing in Healthcare, 2011)
    • Innovation strategy and the patenting behavior of firms

      Peeters, Carine; Van Pottelsberghe, B. (Journal of Evolutionary Economics, 2006)
      This paper investigates whether firms’ innovation strategies affect their patenting behavior, as measured by both the probability of having a patent portfolio and the number of active patents held. Three main dimensions of an innovation strategy are taken into account: the relative importance of basic research, applied research and development work in total R&D activities, the product or process orientation of innovation efforts, and the extent to which firms enter into collaborative R&D with other institutions. The major findings can be summarized as follows: (1) taking into account the various dimensions of an innovation strategy turns out to approximate the patenting behavior of firms better than the traditional Schumpeterian hypotheses related to firm size and market power; (2) there is a positive relationship between the patent portfolio of firms and an outward-oriented innovation strategy characterized by R&D partnerships with external organizations - scientific institutions and competitors in particular; (3) process-oriented innovators patent less than product-oriented innovators; (4) a stronger focus on basic and applied research is associated with a more active patenting behavior; (5) firms that perceive high barriers to innovation (internal, risk-related or external barriers) have smaller patent portfolios; (6) the perceived limitations of the patent system do not significantly influence the patenting behavior, suggesting that firms patent for other strategic reasons than merely protecting innovation rents.
    • Innovation, Internationalisation, Diversification

      Van den Berghe, Lutgart (Le Monde de l'Assurance, 1989)