Due to the rising relevance of the economy and economic questions in the 20th century, Business Administration has become an important subject in higher education. Its fast growing student numbers during the last decades show its weight within the higher education institutions, even though it is...

This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned by ethics and neurobiology. It argues for an understanding of busi-ness ethics which sees the economic agents’ freedom of decision as the necessary basis for handling ethical...

This paper analyzes the impact of heterogeneous (social) preferences on the weighting and combination of performance measures as well as on a firm’s profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum of possible preferences and show that the principal...

Bei der Bewertung von Unternehmen ist es üblich, die erwarteten Überschussverteilungen mitKapitalkosten zu diskontieren, welche aus dem Capital Asset Pricing Model (CAPM) abgeleitetwerden. In diesem Zusammenhang hat Richter unter der Prämisse eines Binomialmodellsfür die Entwicklung der...

There has been a wide-spread misconception based on the imprecisewording of Art. 52 of the European Patent Convention (EPC)that the protection of business methods by patents is prohibited inEurope. This paper investigates the legal framework set by patentlaws with respect to the patentability of...

Klare Zust¨andigkeiten, Arbeitsteilung, Spezialisierung und Motivation der Mitarbeiterdurch Anreize sind Voraussetzung f¨ur eine erfolgreiche Unternehmensf¨uhrung. Ab einerbestimmten Gr¨oße ist von der Unternehmensleitung (Prinzipal) jedoch keine Detailkenntnismehr ¨uber das...