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We present evidence on venture capitalists' (VCs) impact on turnover of executives for a sample of nearly 47,000 German high-tech start-ups between 1995 and 2004. We confirm that the presence of VCs increases the probability of a change in the initial executive team. Additionally, we take a...
Persistent link: https://www.econbiz.de/10003412056
CEOs, managers and non-managerial employees’ ideas enhances small firms’ innovation performance. A Heckman selection model … on 305 small firms shows that not only CEO’s and managers’, but also non-managerial employees’ ideas contribute to …
Persistent link: https://www.econbiz.de/10009509658
Der vorliegende Aufsatz untersucht den Einfluss von Aufsichtsratsvernetzungen auf die Entwicklung der Vorstandsbezüge von DAX-Unternehmen. Die kombinierte Anwendung von Methoden der sozialen Netzwerkanalyse und der Panelökonometrie erleichtert die Erfassung der Struktur der...
Persistent link: https://www.econbiz.de/10003721825
Persistent link: https://www.econbiz.de/10001651224
impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S. and (3 … covering the period from 1984-2010 for Germany respectively 1992-2011 for the U.S. and apply system GMM in order to solve … Germany. A differentiation between imported intermediates (efficient sourcing strategy) and final inputs (competition) reveals …
Persistent link: https://www.econbiz.de/10011897992
This study analyses the competence gaps of lower-level managers in a typical manufacturing plant in Germany that had … recently introduced a teamwork structure. Results indicate that the managers have difficulties with their new leadership …
Persistent link: https://www.econbiz.de/10002591064
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative … managerled firms, expenditures on R&D depend on the control exerted. If capital shares are widely dispersed and managers are thus … only controlled a little by owners, they invest more into R&D. Owner-led firms and managers who are strongly controlled …
Persistent link: https://www.econbiz.de/10011445230
Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011308423
This study examines how industry-specific managerial experience affects firms’ innovation performance in the context of different institutional environments. Based on firm-level data from 27 Central and Eastern European countries we identify a robust positive relationship between...
Persistent link: https://www.econbiz.de/10010238366
The participation of women in top-level corporate boards (or rather the lack of it) is subject to intense public debate. Several countries are considering legally binding quotas to increase the share of women on boards. Indeed, research on board diversity suggests positive effects of gender...
Persistent link: https://www.econbiz.de/10010491772