On Friday, July 8, 2022, the International Schumpeter Society (ISS) announced at the 19th ISS Conference that the Schumpeter Prize 2022 is presented to Michael Peneder and Andreas Resch. They receive the award for their monograph entitled “Schumpeter’s Venture Money,” Oxford University Press, 2021. It is the first time that this prestigious award goes to Austria.

WU researcher Nikolaus Franke has received the European Entrepreneurship Educator of the Year Award.

Current information on household wealth and income is crude and only comparable on an international level to a limited extent. A WU researcher proposes new approaches to improve the way distributional issues and inequality around the world are presented.

With the “Austrian Social Enterprise Monitor,” the Social Entrepreneurship Center (SEC) at WU Vienna presents a comprehensive study on the importance, influence, and financing of social enterprises.

Pandemic control measures, headscarf bans for elementary school students, and the ban on assisted suicide testify to the fact that constitutional courts deal with highly sensitive social conflicts. Laura Pavlidis, a researcher at the WU Institute for Austrian and European Public Law, examines the legitimacy of the constitutional court’s interpretive power.

The more newsroom structures determine corporate communications, the greater the importance of flexibility, flat hierarchies and individual autonomy, agile project teams, and a trial-and-error culture in the communications department. This is the result of a study by Jens Seiffert-Brockmann (Vienna University of Economics and Business) in cooperation with researchers from the University of Vienna. WU has selected the professor of business communication at the Department of Foreign Language Business Communication and head of the Institute for Communication Management and Media as Researcher of the Month.

Global pandemics, migration, climate change: Complex problems cannot be tackled by individual organizations and collectives all by themselves. Collaboration is imperative. Dennis Jancsary has teamed up with fellow WU researchers Renate E. Meyer and Markus A. Höllerer and Douglas Creed (University of Rhode Island) to investigate how city administrations are trying to motivate different stakeholder groups to work together to make cities more resilient in the face of major challenges. In recognition of his work, WU is naming Dennis Jancsary Researcher of the Month.

The William F. Sharpe Award for Scholarship in Financial Research is presented by the Journal of Financial and Quantitative Analysis (JFQA). The Award recognizes researchers who have most contributed to our understanding of important areas of financial economics.

Risks and returns, price equilibria, or systemic risk – if a situation involves multiple criteria or actors, concepts such as the Nash equilibrium and Pareto optimality can help in decision-making. So far, the Nash and Pareto concepts have been regarded as inherently different. Birgit Rudloff, deputy head of the Institute for Statistics and Mathematics at WU (Vienna University of Economics and Business), has now shown, however, that the two concepts coincide under certain conditions. If the Pareto optimization problem for any non-cooperative game is constructed in a specific way, the set of all Pareto optimal solutions coincides with the set of all Nash equilibria. This insight makes it possible to apply Pareto optimality methods and algorithms to Nash equilibria.

One of the most effective strategies in the fight against the pandemic is also one of the cheapest: FFP2 masks are an effective means for curbing the spread of COVID-19. So why are we seeing such a strong anti-mask sentiment in the population? How can people be convinced to wear the much-maligned piece of cloth? Researchers at WU (Vienna University of Economics and Business) have come up with an unconventional suggestion: They recommend personalizing face masks.

Multinational companies and their top management have a special role to play in achieving the Sustainable Development Goals (SDGs). A team of researchers from WU (Vienna University of Economics and Business) and Copenhagen Business School has found that women in upper management at major companies have a particularly positive effect on the achievement of the SDGs.