Dear reader, It has become a tradition that, at the end of the academic year, we inform you about the research endeavours in which we engaged. From this perspective, it is my pleasure to send you the latest edition of ‘Research@FEB’. As usual, the harvest of publications and awards was impressive. But on top of all this the past academic year was particularly special due to the successful research visitation that took place in the Fall of 2012. Whilst having prepared for it over many months and having great confidence in the research environment at FEB, it was still a great joy to read and hear the many compliments that we received. Some research units have been classified as “world class research departments”, and all of the units scored ’very good’ on most key performance indicators, such as articles published. Coming from a team of professors who themselves are leading scholars in their field, working at universities such as the University of California at Berkeley and the London School of Economics, this is truly a great achievement. For those of you who are interested in finding out more, this presentation provides further information. Customarily, this newsletter also includes a number of other links, each providing more detailed information on a host of different topics. You are kindly invited to explore this information. So, please enjoy reading this newsletter while having a pleasant holiday. Prof. Dr. P. Van Cayseele Associate Dean, Research Affairs, FEB, KU Leuven July 2013

News

Awards

Professor Maddy Janssens has won the ‘Best Paper’ award, with her paper “The possibilities of cosmopolitanism and postcolonialism for an ethical stance on international human resource management”, a joint work with Chris Steyaert (University of St. Gallen) at the Academy of Management Meeting in Boston. She has also been appointed as associate editor of the Journal of Management Studies.

At the 8th World Congress in Probability and Statistics,

held in Istanbul, Professor Gerda Claeskens was honoured as "Fellow of the Institute of Mathematical Statistics” for outstanding contributions to nonparametric and semi-parametric regression, model selection and model assessment.

Professor Marijke Verbruggen has won the Careers Division 2013 Best Applied Paper award with her paper: “Does early-career underemployment impact future career success? A career path dependency perspective”, joint work with Hetty van Emmerik, Anita Van Gils, Andries de Grip, Christoph Meng (Maastricht University) at the Academy of Management Meeting 2013 (August).

During the INFORMS Conference on Business Analytics & Operations Research, held in San Antonio between April 7

th and 9

th, 2013, a research team

consisting of Rony Cremmery, Professor Marc Lambrecht and Professor Nico Vandaele was inducted in the Franz Edelman Academy. The purpose of the international Franz Edelman competition is to bring forward, recognize, and reward outstanding real-world application of operations research, management science and analytics.

Professors Luk Warlop and Rik Pieters were awarded the 2013 Jan-Benedict Steenkamp Award for Long-Term Impact for their paper "Visual attention during brand choice: The impact of time pressure and task motivation", published in Volume 16, Issue 1 of the International Journal of Research in Marketing in 1999. Professor Luk Warlop was elected a EMAC Fellows | EMAC, in recognition of his outstanding contribution to the discipline of Marketing.

Dennis Declerck won the ‘Best Paper’ award at the 2013 PPP Body of Knowledge international conference, held in Preston (UK) for his paper “Optimal Bidding and Investment Strategy in the PPP Competitive Dialogue”.

Professor Paul De Grauwe has won the "Arkprijs van het Vrije Woord" (Ark Prize of Free Speech).

Dr. Stefania Villa is the research prize winner for the best PhD thesis at the School of Business, Economics and Informatics, Birkbeck, University of London.

Laura Nurski has won the ANACOM young researcher award for her paper "Net neutrality, Foreclosure and the Fast land: an empirical study of the UK” at the Workshop on the Economics of ICT, Evora, Portugal.

Sven Damen has won the Bengt Turner Award at the 2013 ENHR Conference (European Network for Housing Research) with his paper: "The Effect of Mortgage Interest Deduction and Mortgage Product Innovation on House Prices".

Ruth Evers has won the ‘Best Paper’ award at the 2013 Research Day of the Benelux Association of Transport Researchers with her paper "Economics of intersections".

Research Chairs

Professor Nico Vandaele was named the inaugural holder of the Research Chair in Operations Management sponsored by Glaxo SmithKline. The Research Chair aims to conduct fundamental research in the area of supply chain design, based on quantitative modelling, where technological, economic and human values are taken into account.

Professor Robert Boute was named the inaugural holder of the Atlas Copco Research Chair in Service Systems.

Professors Bart Baesens and Monique Snoeck were named the inaugural holders of the RSZ Research Chair “FAIR”: Forecasting and Network Analytics for the management of payment risk.

Other research news

Christine Lagarde, the Managing Director of the International Monetary Fund, accepted her honorary doctoral degree on 29

th October at a conferral

ceremony held at Kulak. In her honouree address, she made a personal plea for wisdom, diversity and collaboration. “Only in this way can we build the future. We must not only restore economic growth, but also hope and dignity.”

Professor Paul De Grauwe has received an honorary doctorate from the University of Valencia.

Professor Jo Swinnen has been awarded a doctorate honoris causa by the Slovak University of Agriculture.

Professor Reinhilde Veugelers has been appointed as a member of the ERC Scientific Council. She has also been appointed as associate editor of the Journal of Economics and Management Strategy.

Professor Rene Belderbos has been appointed to the Editorial Board of the Strategic Management Journal, the leading research journal in the field of strategic management.

Professor Gerda Claeskens became associate editor for The Annals of Statistics.

Professor Wolfgang Glänzel is since 1st January 2013

Associate Editor-in-Chief of Scientometrics, the International Journal for all Quantitative Aspects of the Science of Science, Communication in Science and Science Policy, published by Springer.

Robert Boute was appointed associate professor at the research center for Operations Management. He holds a PhD from KU Leuven.

Liesbeth Bruynseels was appointed assistant professor at the research group Accountancy.

Eddy Cardinaels was appointed professor at the research group Accountancy.

Vivian Lewis was appointed assistant professor at the research group International Economics.

Frederic Vermeulen was appointed professor at the research group Public Economics.

FEB’s Actuarial Science research group took 4th place

worldwide in a study based on publications from 1982-2011. Source: Genest, C.; Carabarin-Aguirre (2013). A digital picture of the actuarial research community, North American Actuarial Journal, 17(1), 3-12.

ORSTAT ranks 16th in 'Statistics & Operational Research' according to the QS World University Rankings by Subject.

Professor Jan Dhaene teaches at the Duisenberg School of Finance (DSF) in Amsterdam. He received the ‘Best Teacher’ award from DSF and the students of the programme in both 2010/11 and 2011/12.

Professor Jan Vanthienen was the invited keynote speaker at the 2012 International Conference on Logistics, Informatics and Service Science (LISS 2012) in Beijing, July 12-15.

Professor Nico Vandaele was invited as guest speaker for the Society of Automotive Engineers of China during the 2012 International Conference on Advanced Vehicle Technologies and Integration.

The Research Center for Operations Management organized a one day Symposium “Stochastic Modeling for Inventory and Lead Time Management Decision Support" on the occasion of the Emeritus celebration of Professor Marc Lambrecht, Wednesday 31

st October

2012.

The Research Center for Marketing and Consumer Science hosted its 17

th Marketing Winter Camp on 14

th

December, 2012, in Leuven.

The Work and Social Economy Policy Research Center (Steunpunt WSE) organized a Labour Market Congress on 7

th February 2013 in cooperation with the

Department WSE.

LICOS organized a Workshop on Economics and Law of Sport on May 13

th, 2013. This workshop attracted a

very wide audience, including representatives of a number of universities, sports clubs, sports federations and international associations.

LICOS co-organized with Ekonomika a Panel on the Economics of Sport on May 13

th, 2013. The event

attracted huge media attention. A summary of the lectures was aired on Belgian television in the programme Terzake (at minute 20) on May 15

th, 2013.

From May 27th to 30

th, 2013, ECORE (CORE (UCL),

ECARES (ULB) and CES (KU Leuven)) organized the ECORE SUMMER SCHOOL in Leuven. Keynote speakers were Alessandro Lizzeri (New York University), Tom Palfrey (California Institute of Technology) and Matthew Rabin (University of California).

LICOS and KU Leuven co-organized, with the Belgian Association of Agricultural Economists, the Fifth EAAE PhD Workshop, in Leuven on May 29

th-31

st, 2013. "The

Leuven workshop was a great success. Almost 160 submissions were received, and 140 papers were accepted for presentation." – Alan Matthews (president, EAAE).

The “4th International Conference on Mathematics and Sport” took place in Leuven from 5

th to 7

th June, 2013.

The conference was organized by Dries Goossens and Professor Frits Spieksma.

Professor Michel Vellekoop (University of Amsterdam) visited the research group Insurance from 10

th to 30

th

March 2013. He was hosted by Professor Jan Dhaene.

Professor Andrei Badescu (University of Toronto, Canada) visited the research group Insurance from 14

th

January to 30th June 2013, hosted by Professor Katrien

Antonio.

Professor Xiaoming Liu (University of Western Ontario, Canada) visited the research group Insurance from 15

th

January to 30th June 2013, hosted by Professor Jan

Dhaene.

Upcoming events

On Monday September 16th, 2013 the FLEMOSI

(FLEmish MOdels of SImulation) project presents the online tools MOTYFF and MEFISTO, developed to allow for ex ante evaluation of socio-economic policies by policy makers, civil society & the public and academia. In the afternoon, the FLEMOSI partners will present the results of the FLEMOSI research undertakings in the fields of family policies, pensions, green taxes and housing in Flanders. Click here for more information on the project and the conference.

Gaston Eyskens Chair 2013: lectures by Professor Jon Levin (Stanford University) from 5

th to 8

th November

2013.

8th Biennial International Conference of the Dutch HRM

Network “’H’ versus ‘R’ in HRM” will take place on 14th

& 15th November 2013 in Leuven.

Assistant Professor Johannes Spinnewijn (LSE) will visit the Center for Economic Studies from July 2013 to August 2014.

Professor Vincent Vandenberghe (UCL) will visit the Center for Economic Studies from September to December 2013.

Dr. Michele Leong (University of Western Australia) will visit the research group Accountancy, hosted by Professor Alexandra Van Den Abbeele from September to December 2013.

Professor Martin Browning (University of Oxford) will visit the Center for Economic Studies in September 2013.

Professor Aki Tsuchiya (University of Sheffield) will visit the Center for Economic Studies in October 2013.

Student awards

FEB students won 4th place at the Rotman European

Trading Competition: Congratulations to Maarten Desmet (MFE), Julie Havegeer (HIR) Fanding Li (MFE) and Sebatisaan Willen (HIR).

FEB Students of the MUN Society of Belgium won the

Best Large Delegation award of the Harvard World Model United Nations 2013 in Melbourne, Australia, for the fourth time in five years.

Team HIRB Leuven won the Architects for Business & ICT cAErchallenge 2013.

Publications

Publications in International Journals

Select the Research Department to view the full list:

AFI - Department of Accountancy, Finance and Insurance

CES - Center for Economic Studies

KBI - Department of Decision Sciences and Information Management

MO - Department of Marketing and Organisation Studies

MSI - Department of Managerial Economics, Strategy and Innovation

LICOS – Center for Institutions and Economic Performance (and other Faculty Centers)

Accepted for publication

Select the Research Department to view the full list:

AFI - Department of Accountancy, Finance and Insurance

CES - Center for Economic Studies

KBI - Department of Decision Sciences and Information Management

MO - Department of Marketing and Organisation Studies

MSI - Department of Managerial Economics, Strategy and Innovation

LICOS – Center for Institutions and Economic Performance (and other Faculty Centers)

Books

Buyst, E. Economische Geschiedenis. Leuven (Belgium): Acco.

Buyst, E., Jennes, G., Persyn, D., Reynaerts, J., Van Hecke, A. Het genoom van de geldstroom. VIVES Monografie, 3. Kalmthout (Belgium): Pelckmans.

Buyst, E., Lowyck, K., Van Bellingen, P. Van ASLK tot Fortis. Roularta Books.

De Beule, F. and Y. Nauwelaerts, eds. 2013. Innovation and Creativity: The future of the global economy. Cheltenham, UK: Edward Elgar

De Grauwe, P. Economics of Monetary Union. Oxford (UK): Oxford University Press.

De Grauwe, P. Lectures on Behavioral Macroeconomics. New Jersey: Princeton University Press.

De Vylder, G. Gebroken evenwicht tussen oost en west: multiculturele sociaal-economische wereldgeschiedenis. Antwerpen: Garant.

Dejaeger, K., vanden Broucke, S., Eerola, T., Wehkamp, R., Goedhuys, L., Riis, M., Baesens, B. Beyond the hype: cloud computing in analytics. Data Insight & Social BI: Executive Update, Cutter Consortium.

Dejaeger, K., vanden Broucke, S., Eerola, T., Wehkamp, R., Goedhuys, L., Riis, M., Baesens, B. Beyond the hype: cloud computing in analytics. Finland: Techila Technologies.

Inkson, K., Dries, N., Arnold, J. Understanding careers. London (UK): Sage.

Lauwers, L. Statistiek voor economen. Antwerpen-Apeldoorn: Garant.

Proost, S., Rousseau, S. Inleiding in de milieueconomie. Leuven (Belgium): Acco.

Vandenbroucke, F. The active welfare state revisited. Brugge (Belgium): Die Keure

Links

Articles in books

Research Reports

Awarded projects

Press Reviews

Leuvense Economische Standpunten

Review of Business and Economic Literature

Ekonomika Alumni

Public defenses of Doctoral dissertations