Der Beitrag untersucht die Rolle der Publizität von Managerbezügen, die im Deutschen Corporate Governance-Kodex als Empfehlung enthalten und jüngst auch als Muss-Vorschrift in das Vorstandsvergütungs-Offenlegungsgesetz (VorstOG) eingegangen ist. Durch die Publizität der Struktur - nicht...

In diesem Arbeitspapier werden die Ergebnisse einer empirischen Untersuchung zur Zusammensetzung und Verg�tung des Aufsichtsrats kleiner und mittelst�ndischer Aktiengesellschaften vorgelegt. Befragt wurden mittels eines im Internet verf�gbaren Fragebogens die Vorst�nde...

Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...

Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic...

This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions of entrepreneurs...

In this paper the profitability of German car manufacturing firms is related to different indicators for the knowledge incorporated in the firms since the birth of the industry in 1886. The analysis is performed with an ordered probit model, where information about the kind of exit of the firms...

We study interaction effects between intra-firm conflicts and interfirm competition on a duopolistic market with seller firms employing one or more agents and implementing tournament incentives. We show that inter-firm competition leads to higher incentive intensity, higher efforts and output...

The economic characteristics of software and transaction costs explain, why closed source and open source software co-exist. It is about the efficient use of a non- and anti-scarce resource. But because of ex-post transaction costs that lead to information asymmetries, some property rights...

The ongoing debate on the ``service gap'' in Germany has lead to empirical findings bolstering the argument of a lack of outsourcing activities.Hence, there is still a need to back these findings from an organisational point of view. After a short overview on empirical findings, the present...

We apply the property rights theory of Grossman-Hart-Moore in the music industry and study the optimal allocation of copyright between the artists who create music and the labels who promote and distribute it. Digital technology opens up a role for new intermediaries. We find that entry of...