Lufthansa's system of corporate governance, based on consensus decision-making and company guidance at the Vorstand(Executive Board) level, was institutionally adapted to the airline industry environment as long as technological change was essentially continuous, but placed Lufthansa at a...

The paper explores the influence of institutional frameworks on the evolution of the German software and biotechnology sectors. It links institutional constraints to poor performance of German firms in high volume market niches characterized by turbulent technological change and substantial...

The 'German model' came to prominence in the 1970s and 1980s, representing an attractive national model of adjustment to world economic conditions. At the heart of this German model of industrial adjustment lay the upgrading of a broad range of industrial sectors to focus on higher-quality,...

Given what institutional scholars have described as an inhospitable institutional climate for entrepreneurial business, why has the German biotechnology industry suddenly taken off, while in the UK, where a ''correct'' institutional architecture exists, has the industry shown signs of...