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The fundamental right to gender equality has played an important role in Germany's more recent constitutional history …
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In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop … details of liability regulation and taxation rules which German entrepreneurs face when choosing a particular legal form for … as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than …
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This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity … involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits … will be more difficult to receive if liability is limited. The paper first discusses these issues theoretically and then …
Persistent link: https://www.econbiz.de/10013428336
have a separation of ownership and control. We do not focus exclusively on the listed Aktiengesellschaft (AG) but include …
Persistent link: https://www.econbiz.de/10013428285
In this study, we address the question of why some CEOs stay in office during a performance downturn while others don't. Based on a social capital perspective we assume that (1) the social capital endowment of an underperforming CEO may reduce the risk of getting dismissed and that (2) the...
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In recent years, "public interest law" (PIL) has become a frequent component in conversations about law and policy around the globe. While this worldwide manifestation of a professional and political script that thus far seemed to be typically so American suggests a remarkable process of...
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