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1 – 10 of over 4000The purpose of this paper is to illustrate the contribution offered by Wolff’s sociology of knowledge to organizational ethnography and to enrich the lexicon of practice-based…
Abstract
Purpose
The purpose of this paper is to illustrate the contribution offered by Wolff’s sociology of knowledge to organizational ethnography and to enrich the lexicon of practice-based studies with the concept of surrender-and-catch.
Design/methodology/approach
Drawing on Wolff’s writing, the surrender-and-catch perspective is introduced and how to be inspired by it is illustrated in relation to three working practices.
Findings
The centrality of the body and of sensible knowledge for doing ethnographies of working practices is affirmed and the surrender-and-catch perspective is interpreted as an art of seeing connections.
Practical implications
Surrender-to may be included in the methodology for studying knowing-in-practice and it may help students to get prepared to conduct an organizational ethnography.
Originality/value
A contribution to frame the legacy of a sociologist of knowledge little known in organization studies. Its contribution stresses the importance of a plurality of forms of knowing alongside the rational-analytic one. Therefore Kurt Wolff’s work becomes relevant within the practice-based studies.
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Keywords
Urabenos surrender prospects.
Martin Eling and Michael Kochanski
The purpose of this paper is to review research on lapse in life insurance and to outline potential new areas of research in this field.
Abstract
Purpose
The purpose of this paper is to review research on lapse in life insurance and to outline potential new areas of research in this field.
Design/methodology/approach
The authors consider theoretical lapse rate models as well as empirical research on life insurance lapse and provide a classification of these two streams of research. More than 50 theoretical and empirical papers from this important field of research are reviewed. Challenges for lapse rate modeling, lapse risk mitigation techniques, and possible trends in future lapse behavior are discussed.
Findings
Lapse rate modeling has been a very active field of research in the last years, as evidenced by the 44 papers on lapse modeling considered in this review. Moreover, a fair amount of empirical work (another 12 papers) has been done, especially on the issue of how environmental variables affect lapse. Research on individual policyholder and contract information is more scarce, since such information is typically treated as confidential.
Practical implications
The risks arising from lapse are of high economic importance. Lapsation is thus of interest not only to academics, but is highly relevant for the industry, regulators, and policymakers, especially in regard to designing an appropriate regulatory environment. Lapsation also impacts many actuarial tasks, such as product design, pricing, hedging, and risk management. A review of the recent literature might be helpful for these tasks.
Originality/value
To the best of the authors' knowledge, this is the first structured review of the increasingly important literature on life insurance lapsation. Next to the structured review of the existing models and the empirical evidence, the paper also contributes to the literature by discussing challenges for lapse rate modeling and possible trends.
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Keywords
COLOMBIA: Surrender law will have limited impact
Details
DOI: 10.1108/OXAN-ES236023
ISSN: 2633-304X
Keywords
Geographic
Topical
COLOMBIA: Ceasefire will not prompt total surrender
SYRIA: Rebel surrenders show scant hope in Trump
Alexander Braun, Marius Fischer and Hato Schmeiser
The purpose of this paper is to show how an insurance company can maximize the policyholder’s utility by setting the level of the interest rate guarantee in line with his…
Abstract
Purpose
The purpose of this paper is to show how an insurance company can maximize the policyholder’s utility by setting the level of the interest rate guarantee in line with his preferences.
Design/methodology/approach
The authors develop a general model of life insurance, taking stochastic interest rates, early default and regular premium payments into account. Furthermore, the authors assume that equity holders must receive risk-adequate returns on their initial equity contribution and that the insurance company has to maintain a solvency restriction.
Findings
The findings show that the optimal level for the interest rate guarantee is in general far below the maximum value typically set by the supervisory authorities and insurance companies.
Originality/value
The authors conclude that the approach of deviating from the maximum interest rate guarantee level given by the regulatory requirements can create additional value for the rational policyholder. In contrast to Schmeiser and Wagner (2014), the second finding shows that the interest rate guarantee embedded in a life insurance product becomes less attractive compared to a pure investment in the underlying asset portfolio to the policyholder when the guarantee level is lowered too far or the contract duration is short. They also refute Schmeiser and Wagner (2014) by showing that the equity capital required by the insurance company increases with the level of the guarantee, even if the insurer is flexible with respect to its asset allocation. The last finding is that a policyholder with higher risk aversion does not generally prefer a higher guarantee level.
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Mats Alvesson and André Spicer
The purpose of this paper is to explore the question – why do professionals surrender their autonomy? This paper looks at the case of academics, in particular business school…
Abstract
Purpose
The purpose of this paper is to explore the question – why do professionals surrender their autonomy? This paper looks at the case of academics, in particular business school academics. It traces how this group of professionals have progressively surrendered their autonomy and complied with the demands of managerialism.
Design/methodology/approach
This largely theoretical paper looks to develop an understanding of (over)compliance with the bureaucratization of research using the four faces of power – coercive, agenda setting, ideological and discursive.
Findings
The discussion of this paper argues that the surrendering of autonomy has been reinforced through coercive forms of power like rewards and punishment and bureaucratization; manipulation and mainstreaming through pushing a particular version of research to the top of the agenda; domination through shaping norms and values; and subjectification through creating new identities.
Originality/value
The paper explores how academics deal with tensions and paradoxes such as compliance and resistance, as well as love of work and loathing of it. To deal with these paradoxes, academics often treat their work as a game and see themselves as players. While this process enables academics to reconcile themselves with their loss of autonomy, it has troubling collective outcomes: the production of increasing uninteresting and irrelevant research.
Cristina Ciocirlan, Ed Chung and Carolan McLarney
The paper seeks to build on a model from extant literature which utilized a similar historical analysis approach in a study of strategic decision making. Using the (unsuccessful…
Abstract
Purpose
The paper seeks to build on a model from extant literature which utilized a similar historical analysis approach in a study of strategic decision making. Using the (unsuccessful) defence of Hong Kong in World War II as the historical case, the paper seeks first to apply Chung and McLarney's model in the analysis, and then extend the model so as to better handle the unique sequence of events that took place in 1941.
Design/methodology/approach
The paper employs a historical case event in an analysis of competitive strategies. The first section provides a descriptive historical account of the battle of Hong Kong. The second section describes the decision‐making model, while the third section applies the model to explain three sets of decisions: the decision to defend the colony, decisions made during the battle and the decision to surrender. The fourth section draws implications for strategic decision making in organizations, while the last section presents conclusions.
Findings
Organization theorists seem to be fascinated with planning and strategy formulation, at the expense of strategy implementation. While designing organizational strategy is often more glamorous than execution, it is the execution of strategy that ultimately determines an organization's competitive advantage. Clearly, the strategy of the Allied Forces in Hong Kong was not hard to figure out (Mintzberg). However, there is growing research on how lower organizational levels have a tremendous contribution in fundamentally changing, formulating organizational strategy and sometimes even obstructing strategy formulated at the top. The decision to defend Hong Kong in the face of the Japanese invasion, decisions made during the battle and the decision to surrender were all major, critical decisions, especially susceptible to such biases as overconfidence, problem framing, availability heuristics and confirming‐evidence. Overconfidence is particularly dangerous.
Originality/value
The study not only modifies and extends the model, but also contributes to the literature by augmenting the validity of previous case research.
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This chapter presents a case study of the communication of information in Copenhagen during the siege in 1807. The purpose of this chapter is to investigate how information was…
Abstract
Purpose
This chapter presents a case study of the communication of information in Copenhagen during the siege in 1807. The purpose of this chapter is to investigate how information was formed by different genres and how these genres relate to different genre systems. Finally, a purpose of this chapter is to shed light over how information from different genre systems merged into an information network mainly found on the streets and squares of Copenhagen.
Findings
This chapter has not aimed at generalized findings. If any findings should be recounted it would be that the chapter has mapped how, for example, a specific genre as the proclamation was shaped by different genre systems and directed its readers to a desired field of actions. Those actions depended on the specific purposes of the proclamations.
Originality/value
A traditional focus on the siege has been political and military issues. Lately, research has focused on a cultural approach within the frames of urban history. This chapter contributes to this cultural approach by investigating the informational aspects from a genre perspective.
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