CASiM is devoted to the study of challenges of business economics in the 21st century. It makes a substantial contribution to the development of the discipline by conducting fundamental interdisciplinary research in the following areas:
- The role of trust in firms and with their stakeholders
- Change management in firms and markets
- Healthcare economics and management of healthcare institutions
- Urban dynamics: cities and firms in global competition
The guiding principle of CASiM is rigor and relevance of research. The center conducts economic research with a strong scientific foundation and a high relevance for business practice and locational competition. In contrast to the prevailing trend of ivory tower research focusing on a single isolated discipline, CASiM takes a holistic approach to research by including findings from different sub-disciplines of business administration and economics as well as other social sciences.
The following research projects are funded by the Friede Springer Foundation:
The Dynamics and Performance Implications of Trust Asymmetry in Strategic Alliances
Today's business world is characterized by win-win interfirm relationships, in which trust becomes a prominent issue as it compensates for the incompleteness of contracting and flawlessness of controls while promoting high quality exchanges between partners. However, trust is not necessarily mutual and reciprocal. Due to a number of organizational, national, cultural, and situational factors, firms may differ significantly in the level of trust and the degree of trust that they place in their counterparts. In other words, trust between partners can be asymmetric.
The research of Linh Nguyen aims to examine the antecedents of trust asymmetry based on two stages, i.e. pre-entry and post-entry into a strategic alliance, as well as its implications for performance and development of the alliance. The goal of this doctoral project is to advance both theoretical and empirical knowledge bases of trust and to inform firms of their active roles in aligning trust and expectations with their counterparts for a sustainable cooperative relationship.
The Role of Trust in the Relationship Between Investment Banks and Their Stakeholders
According to existing research trust plays a pivotal role in business relationships. Still, there has been little attempt to measure trust in the context of investment banking. Despite the availability of plenty of literature on trust, the causes of trust and distrust in this branch of business have so far been neglected. The relevance of this research lies on the ‘fact’ that the investment banking business is based on credibility and trust – be it interpersonal (e.g. between an investment banker and the investor) or inter-organizational trust (banks' relationships with other banks). The ‘abstract’ stakeholder theory makes it even more difficult to relate trust with stakeholders. Thus, from a pragmatic point of view it is challenging to identify all stakeholders given the complex structure of investment banks and their variety of products. It is even "more complicated" to understand the role of trust in investment banking relationships.
Anirban Ash who brings hands-on expertise from one of the leading investment banks merges the above mentioned research gaps and aims to measure trust examining the complex investment banking relationships. By using a blended methodological lens of qualitative, quantitative and case study research the doctoral thesis intends to find out the role of trust in the relationships between investment banks and their stakeholders and its practical implication.
The Center for Advanced Studies in Management also supports research activities of students. In the framework of the annual CASiM Conferences the Center is granting the Heribert Meffert Award for an outstanding master thesis on one of the four research topics of the Center.