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This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10010249661
industrieökonomischen Theorie, sowie den theoretischen Ansatz der Organisationsökologie zu testen. Der empirischen Untersuchung liegt eine …; Branchenunterschiede der Unternehmen haben einen signifikanten Einfluß auf die Überlebenswahrscheinlichkeit; Dienstleistungsbetriebe … besitzen bessere Überlebenschancen als Unternehmen im verarbeitenden Gewerbe. …
Persistent link: https://www.econbiz.de/10011417826
During the last years more and more discussions came up about the contribution of technology-oriented and technology-intensive industries for the economic development and employment. This paper examines the foundation dynamic and the regional clustering of various technology-oriented sectors in...
Persistent link: https://www.econbiz.de/10011620601
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Institutions matter greatly in the development of competitive advantage. Different institutional strategies to manipulate and shape institutions are discussed in the literature. This paper aims at extending the existing conceptual model of membership strategy. Despite being referenced...
Persistent link: https://www.econbiz.de/10009510568
We analyze the performance of firms in the German business-related services sector. A quarterly business survey provides the panel data base of our study. Firm performance is measured by the survey respondents' ordinal indication of their changes in total sales. We use a firstorder Markov chain...
Persistent link: https://www.econbiz.de/10013428340
This paper investigates whether the arrival of managers with export experience, i.e. experience acquired through … relationship is of a causal nature. We construct a worker-firm matched panel dataset which enables us to track managers across …. Contrary to blue and white collars, we find that managers are paid a sizeable premium for export experience which has both a …
Persistent link: https://www.econbiz.de/10008859590
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