have a separation of ownership and control. We do not focus exclusively on the listed Aktiengesellschaft (AG) but include …

als ein Entscheidungskriterium bei der Wahl der Unternehmensform zu berücksichtigen, da in Deutschland kein …

management position. However, if non-contractible managerial decision rights give rise to private benefits and preference … managerial decision rights and performance-based promotions leads to a situation often referred to as the Peter principle … performance-based promotions and restricting managerial decision rights. …

We study how firms adjust the bundles of management practices they adopt over time, using repeated survey data … collected in Germany from 2012 to 2018. By employing unsupervised machine learning, we leverage high-dimensional data on human … resource policies to describe clusters of management practices (management styles). Our results suggest that two management …