There is a controversy about the finding that performance-contingent rewards undermine intrinsic motivation. While standard economics states that pay-for-performance increases work efforts, psychological economics counter that it sometimes weakens work efforts. We show both predictions are valid...

Netzwerke sind zum Inbegriff flexibler und wettbewerbsfähiger Organisationsformen geworden.(...) Um Netzwerke handelt es sich nur dann, wenn die Zusammenarbeit der Netzwerkunternehmen zu Ressourceninterdependenzen führt.(...)

Today, there is a growing conviction among researchers and practitioners that knowledge creation is the most important source of dynamic capabilities...

Am Beispiel der Schweizer Justizinitiative zeigen wir auf, dass eine qualifizierte Losauswahl keineswegs irrational ist, sondern zu einer Rationalität auf einer übergeordneten, institutionellen Ebene führen kann. Sie erhöht die Wahrscheinlichkeit, ausgezeichnete Kandidierende für eine...

The financial crisis is a crisis of governance as well. In search of answers and solutions many scholars and practitioners recommend improved output control, i.e. better external incentives or even stricter regulations. Monasteries demonstrate that alternative models may be more suitable to...

Director compensation has become a fashionable topic: Cross-nationally, the earnings of executives and non-executive directors have risen significantly in recent years. Academic literature offers two hypotheses for this trend, a "fat cat" and an "optimal-contract" explanation. Proponents of the...

A rarely studied trend in corporate governance is the increasing tendency to fill CEO openings through external hires rather than through internal promotions: Kevin J. Murphy and Ján Zábojník (2004) show that the proportion of outside hires has doubled and their pay premium almost quadrupled...

The financial crisis made apparent the fact that managers and the boards of banks had failed to see the implications of irrational behavior and had ignored the risk associated with group think. Taking data from Switzerland our study shows that there is an increasing homogeneity of management and...