This paper analyzes a procurement setting with two identical firms and stochasticinnovations. In contrast to the previous literature, I show that a procurer who cannot charge entry fees may prefer a fixed-prize tournament to a first-price auction since holding an auction may leave higher rents...

Using a panel data set of 361 German corporations for the period 1991-1996 we test the hypothesis that firms with more efficient governance structures have higher profitabilities. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...

Although there has been an intensive debate on the relative merits of different sys-tems of corporate governance, empirical evidence on the link between corporate governance andfirm performance almost exclusively refers to the market-oriented Anglo-Saxon system. This papertherefore investigates...

Little is known about the relationship between family firms and their employees. This paper aims to close this gap. We distinguish between family management and family ownership as two dimensions of family firms and analyze their respective influence on downsizing. Our findings show that family...

This paper describes psychological contracts and how they are created. Even though the phenomenon of the psychological contract can be observed in a variety of relationships, this paper solely discusses psychological contracts in business settings. The paper discusses in particular how...

Die Anfang des vergangenen Jahrhunderts lebende amerikanische Organisationstheoretikerin Mary Parker Follett entwickelte die sog. Integrationsmethode zur Lösung von Konflikten zwi-schen Menschen. Wenn man unterstellt, dass die Arbeitsstelle das Rollenverhalten jedes Men-schen entscheidend...

Der Beitrag analysiert Struktur und Entwicklung des Gründungsgeschehens in den dreideutschen Raumordnungsregionen Dresden, Rostock und Karlsruhe. Die Gründungsratender beiden ostdeutschen Regionen fallen wesentlich höher als in Karlsruhe aus.Die Betriebe der Gründungskohorten in Dresden und...

A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...

Ein großer Anteil der multinational tätigen Großunternehmen ist in technologieintensiven, dynamischen Branchen tätig und verfügt über ein breites Spektrum an technologischen Ressourcen. In den vergangenen Dekaden hat ein Großteil dieser Unternehmen zunehmend Wertschöpfungsleistungen an...

The interaction between trade liberalisation, product and process innovation, and relative skill demand is analysed in a model of international oligopoly. Lower trading barriers increase the degree of foreign competition. The competing enterprises respond by investing more aggressively in...