Innovation Prizes in Historical Perspective

Professor Robert Burrell

Light bulb and dataThere has been renewed interest in recent years in using prizes and rewards to promote innovation. History has played a central role in public debates in the UK about the merits of such interventions, with the Longitude Prize 2014 being self-consciously modelled on its eighteenth century precursor. Similarly, historical case studies have been used extensively in the scholarly literature in this area. However, it is striking that there has been little engagement with parliament's role in rewarding inventors in the eighteenth and early nineteenth centuries and how this formed part of a broader system of rewards. This project has four strands. The first strand explores the extent to which a more complete understanding of the historical use of prizes and rewards during the key period of Britain's industrialisation might inform current debates about alternatives to the patent system. The second looks at how Parliamentary rewards shaped important aspects of the patent system, including the doctrine of sufficiency of disclosure. The third looks at how medical practitioners engaged with the reward system. The final strand looks at the grant of rewards in the colonies, using New South Wales as a case study.

Regulatory Responses to the Global Financial Crisis

Professor Andrew Johnston, Dr Jay Cullen and Mr Trevor Pugh (HSBC)

Global economic crisis graphicThis project offers a critical appraisal of a number of regulatory responses to the financial crisis. Papers to date have examined the European Regulation on Credit Rating Agencies, European regulation of executive pay in financial institutions, and hedge fund regulation under the AIFM Directive. Further working papers include an analysis of the legality and distributional effects of fiscal austerity, Quantitative Easing, and the effects of mortgage market lending and bank capital regulation on financial stability. The overall aim of the project is to show that only by having a proper understanding of the functioning of money and finance in the economy can we hope to correctly inform decision making in monetary and fiscal policies and address financial stability concerns. SICCL held a high-level conference on Law, Monetary Theory and Banking Regulation in September 2014 which explored these themes and we are hosting a further conference on Housing Markets and Financial Stability in September 2015.

Global Supply ChainCorporate Social Responsibility (CSR) & Global Supply Chains

Dr Andreas Rühmkorf & Dr Genevieve LeBaron (SPERI)

CSR is discussed in different academic disciplines such as Management Studies, Politics and Law, and as a consequence, this project is highly interdisciplinary in nature. As a consequence of the growing importance of CSR, many companies have adopted CSR standards pledging to conduct business in a responsible manner. This project analyses regulatory approaches to CSR and, in particular, in the interaction between private and public regulatory mechanisms and their contribution to hybrid regulatory models of promoting CSR in global supply chains. In the short-term, this project will result in a paper on the Modern Slavery Bill, which will inform further research initiatives going forward focusing on the the regulatory role of the home state of multinational enterprises in promoting greater CSR.

Building Up Resilience in Supply Chain Networks (BURNS)

Zoe Ollerenshaw

Milk truck supply chainThe BURNS research project is a multi-disciplinary research project aiming to better understand and begin to theorise the factors that underpin resilient agricultural supply chains, and funded by the White Rose University consortium. It involves a multidisciplinary enquiry bringing together perspectives from different fields of study including business ethics, sustainability studies, management economics, contract law and theory as well as regulatory theories. The framework was tested with supply chain stakeholders at a workshop in York in March 2014. The other members of the BURNS research project are: Professor Bob Doherty (University of York), Professor William Young, Professor Chee Yew Wong, Dr Anne Tallontire (all University of Leeds), Professor David Oglethorpe (University of Sheffield), Dr Corrado Topi (University of York), and Dr Severine Saintier (University of Exeter).