Small and medium-sized businesses, also known as SMEs, represent an important part of the economy. However, international auditing standards have not been not well tailored to this business category. Niels van Nieuw Amerongen, holder of the Kreston Netherlands SME Accountancy chair at Nyenrode Business University, analyzed with a research team stakeholder roundtable discussions focused on an international auditing standard for less complex entities. He summarized the findings in two international publications.
The way companies report on sustainability is not sustainable, states Professor of Corporate Reporting Michael Erkens in his inaugural lecture. “We need to work globally towards a unified framework for sustainability reporting, so that we can better compare companies' sustainability performance and efforts.”
Researcher Henriëtte Bout studied how organizations deal with moral issues and how knowledge transfer contributes to this. 'More and more organizations want to learn about this, but how can this be done in a sustainable way so that it benefits the entire organization?' Today Bout will receive her doctorate from Nyenrode Business University. In her research, Bout mainly focused on the factors that support or hinder learning about moral issues in organizations. The research offers insights for organizations that want to institutionalize moral insights and provides guidance on how to create a working environment in which moral issues can be discussed.
When dealing with major social issues, an entrepreneurial mindset is essential. This is the conviction of Henk Kievit, Professor of Entrepreneurship & Ecosystems, which he addressed in his inaugural speech. The findings of his research provide insight into the mentality that is required to realize innovative and sustainable solutions. “By focusing on collaboration with multiple parties, organizations contribute to a resilient and future-proof society.”
The world benefits from financial stability. Vivian van Breemen, PhD student at Nyenrode Business University and supervisor at the European Central Bank and Dennis Vink, Professor of Finance & Investment at Nyenrode Business University, put together an international expert research team that focuses on analyzing systemic risks in the capital market. And with success: the research sheds light on numerous new risks that could pose a threat to financial stability.
Researcher Diane Zandee, who obtains her doctorate from Nyenrode Business Universiteit today, wants to connect finance and sustainability. That is why she has conducted research into how accounting can contribute to the transition towards a circular economy. There is a need for a common language and structure in order to embrace this new economy. “We are still focusing too much on the financial side and not enough on ecological and social values. We can only change this if the entire chain changes along with it. For that we need a conductor, a coordinator who ensures that everything goes at the right pace and that everyone works together to find harmony.”
In recent decades, the optimization of production processes was mainly focused on making profit. Nowadays there is also an increasing focus on environmental and societal impact. This transition calls for new leadership. To best prepare students for their future leadership roles, Associate Professor of Supply Chain Management and Analytics, Taher Ahmadi, developed a Multi-Objective Line Balancing (MOLB) game. This game has led to positive reactions both nationally and internationally.
The vision on talent is changing. Nyenrode Business Universiteit has been researching talent management for years. Not only does this change education, but it also changes its policy. Now all employees are given the opportunity to develop their talents, instead of only the best ones.