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We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
Persistent link: https://www.econbiz.de/10013325047
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …
Persistent link: https://www.econbiz.de/10013108264
This paper analyzes savings and asset holdings of immigrants in relation to their return plans. We argue that savings and asset accumulation may be affected by return plans of immigrants. Further, the way savings and assets are held in the home- and host country may also be related to future...
Persistent link: https://www.econbiz.de/10013129924
question, we use the reunification of Germany as a natural experiment and study the post-reunification trajectory of …. In comparison to West Germans, they are also less inclined to see others as fair or helpful. Implied trajectories can be …
Persistent link: https://www.econbiz.de/10013137530
comparable enterprise level data from France, Germany, and the United Kingdom. Exporters are more productive and pay higher wages … significantly smaller in Germany, significantly larger in France, and does not differ significantly in the UK. The results for wages …
Persistent link: https://www.econbiz.de/10013138673
it all", but women must still choose between career and family in Germany. We argue that interventions need to address …
Persistent link: https://www.econbiz.de/10013139053
manufacturing enterprises in Germany, one of the leading actors in the world market for goods. We show that the premium decreases …
Persistent link: https://www.econbiz.de/10013139057
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the …
Persistent link: https://www.econbiz.de/10013139060
With the development of household budget systems and with regard to the requirements of the European Union with new EU-SILC approaches, the cumulation of cross-section surveys to an integrated information system is recently discussed and required. In particular the reconstruction of household...
Persistent link: https://www.econbiz.de/10013139959
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10013117001