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Tämän artikkelin tarkoituksena on selvittää yliopistojen lakiin ja lailliseen viisauteen liittyviä logiikoita ja perusteluja dokumenttiaineiston avulla. Aineistosta tunnistettiin kolme toiminnan motivaatiota, joita olivat vilpittömän mielen, oikeutetun toiminnan ja laillisuuden sivuuttamisen logiikat. Hallitsevaksi osoittautui oikeutetun toiminnan logiikka, jossa kyse oli siitä, että yliopiston toimijat olivat joltain osin tietoisia toiminnan oikeudellisesta kiistanalaisuudesta, mutta katsoivat joka tapauksessa olevansa oikeutettuja valittuun käyttäytymiseen. Laillisen viisauden kehittämiseksi ylipistojen tulisi tiedostaa pyrkimystensä lailliset rajat ennen kuin ne ryhtyvät toteuttamaan uuden yliopistoidean ja johtamisideologian mukaisia suunnitelmia.

Publisher Copyright: © 2021, The Author(s). Within contemporary discussions on organizational wisdom, management scholars frequently turn to Aristotle’s work to conceptualize wisdom as phronesis, or practical wisdom. Contrary to the prevailing view, this paper argues that Aristotle did not propose an exclusively practical or particularistic conception of wisdom but, instead acknowledged that wisdom broadly conceived consists of two types of intellectual virtue: theoretical wisdom (sophia) and practical wisdom. Aristotle’s ultimate position regarding the relations between sophia and phronesis has remained, however, ambiguous, giving rise to different interpretations, and, more substantively, to the major appropriations of Aquinas, Heidegger and Gadamer. An analysis of the philosophical underpinnings of exemplary contributions to management wisdom suggests that research has predominantly applied Heideggerian and Gadamerian understandings of Aristotelian wisdom, while an Aquinian interpretation is largely absent in contemporary elaborations. Interpreting the Aristotelian notion of wisdom as dedicated purely to practical phronesis narrows the discussion on the nature of (organizational) wisdom within an Aristotelian framework in ways that do not give full credit to the breadth and complexity of Aristotle’s thought.

This paper empirically analyses whether post-global financial crisis regulatory reforms have created appropriate incentives to voluntarily centrally clear the over-the-counter (OTC) derivative contracts. We use confidential European trade repository data on single-name sovereign credit default swap (CDS) transactions and show that both the seller and the buyer manage counterparty exposures and capital costs, strategically choosing to clear when the counterparty is riskier. The clearing incentives seem particularly responsive to seller credit risk, which is in line with the notion that counterparty credit risk (CCR) is asymmetric in CDS contracts. The riskiness of the underlying reference entity also enters the decision to clear as it affects both CCR capital charges for OTC contracts and central counterparty clearing house (CCP) margins for cleared contracts. Lastly, we find evidence that when a transaction helps netting positions with the CCP and hence lower margins, the likelihood of clearing is higher. December 1, 2022

The worlds of practice and theory in management This paper discusses the possibilities of practicing managers and management academics to collaborate across social and professional divides, especially the role of university researchers in the engagement. Taking a cultural perspective, the article argues that academics and practitioners have developed distinct cultural communities in the field of management and that the values and symbols of these communities are markedly different. Subcultures not only see the subject matter in a divergent way, but also construct different identities for practitioners and managers. However, despite the persistence of the division, academic research can make a contribution to the quality of practitioner activities at a more philosophical level by demonstrating the fragility of management knowledge and the related experiences. This argument is supported with a short introduction to a 'deconstructive' approach to management education.