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Corporate restructuring, downsizing and managerial compensation

Graßhoff, Ulrike; Schwalbach, Joachim - 1997

performance elasticities are contrary to predictions of agency theory. Both results provide further support to the common belief … that compensation contracts in public corporations seem imperfectly tied to firm performance and managers' tasks. …

Persistent link: https://www.econbiz.de/10009578030

Strategic delegation in experimental markets

Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 2000

contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …

Persistent link: https://www.econbiz.de/10009583883

A psychological approach to individual differences in intertemporal consumption patterns

Brandstätter, Hermann; Güth, Werner - 1998

When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...

Persistent link: https://www.econbiz.de/10009578010

Forecasting performance of market share attraction models : a comparison of different models assuming that competitors’ actions are forecasts

Klapper, Daniel; Herwartz, Helmut - 1998

Persistent link: https://www.econbiz.de/10009578563

Testing for short and long-run causality : the case of the yield spread and economic growth

Breitung, Jörg; Candelon, Bertrand - 2001

To assess the predictive content of the interest rate term spread for future economic growth, we distinguish short-run from long-run predictability by using two different approaches. First, following Dufour and Renault (1998) a test procedure is proposed to test for causality at different...

Persistent link: https://www.econbiz.de/10009617950

Money and banks : some theory and empirical evidence for Germany

Holtemöller, Oliver - 2002

in Germany in the period of monetary targeting from 1975 to 1998 is estimated. The implications of the theoretical model …. -- monetary policy ; Endogenous money ; industrial organization approach to banking theory ; money multiplier ; vector error …

Persistent link: https://www.econbiz.de/10009620766

Intuitive optimizing for time allocation decisions in newly formed ventures

Lévesque, Moren; Schade, Christian D. - 2002

This article investigates whether decision makers intuitively optimize close to the normative prediction in entrepreneurial decision situations where their time must be allocated between a wage job and a newly formed venture. We offer an analytical model based on maximizing expected utility, and...

Persistent link: https://www.econbiz.de/10009621420

Real estate valuation according to standardized methods : an empirical analysis

Schulz, Rainer - 2002

monthly data on appraisals and prices for commercial apartment houses in Berlin, Germany from 1980 to 2000. The appraisals are …

Persistent link: https://www.econbiz.de/10009625798

E-privacy : evaluating a new search cost in online environments

Annacker, Dirk; Spiekermann, Sarah; Strobel, Martin - 2001

creation and do not rely on them for the strategic design of their online communication. …

Persistent link: https://www.econbiz.de/10009615417

Multivariate volatility models

Fengler, Matthias R.; Herwartz, Helmut - 2001

Multivariate Volatility Models belong to the class of nonlinear models for financial data. Here we want to focus on multivariate GARCH models. These models assume that the variance of the innovation distribution follows a time dependent process conditional on information which is generated by...

Persistent link: https://www.econbiz.de/10009615423

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