From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. The probability of large decreases in ownership is strongly increasing in contemporaneous and past stock returns but the probability of large increases in ownership through...

Managen heißt Entscheiden. Ein dynamisches Unternehmensumfeld bringt fortlaufende Entscheidungsbedarfe hervor. Die sich hieraus ableitenden Entscheidungssituationen sind aufgrund zugrundeliegender Zielsetzungen sowie der angewendeten Entscheidungsregeln zu bewältigen. Eine tendenziell...

Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but still positive, bias than households and display less...

Low unionization rates, a falling real federal minimum wage, and outsourcing have hampered wage growth in the low-wage sector in the US. In recent years, a number of private employers have opted to institute or raise company-wide minimum wages for their employees, sometimes in response to public...