In den vergangenen Jahrzehnten ist ein Trend hin zu flacheren Organisationenmit weniger Hierarchieebenen zu verzeichnen gewesen. Eine Verringerung derAnzahl an Führungsstufen kann sowohl positive als auch negative Auswirkungenauf den wirtschaftlichen Erfolg eines Unternehmens haben. Der...

Als Folge von Veränderungen im Unternehmensumfeld haben sogenannte innovative arbeitsorganisatorischeund personalpolitische Instrumente, wie z.B. Gruppenarbeit oder ergebnisabhängigeEntlohnung, in den vergangenen Jahrzehnten eine enorme Verbreitung erfahren. Dievorliegende Studie erarbeitet...

Die Verteilung von Aufgaben und Entscheidungsrechten kann als letztes Element einerkausalen Wirkungskette gesehen werden, die bei Veränderungen der Umweltbedingungenbeginnt und sich in der Firmenstrategie fortsetzt. Ziel des Forschungsprojekts wares, empirisch zu untersuchen, welche der...

Owing to changes in the business environment, there has been a tremendous adoption of innovativeworkplace organisation (WO) and human resource (HR) practices during the last fewdecades. Assuming a holistic perspective on human resource management (HRM), the presentstudy establishes the...

The allocation of decision-making authorities may be seen as the last link in a causalrelationship starting from changes in environment and continuing to business strategy.Changes in task complexity, which can be measured by the introduction of a diversificationor an outsourcing strategy, are...

The present paper examines the joint effect of fixed-term employment and work organizationon job satisfaction using individual-level data from the German Socio-Economic Panel(GSOEP). Specifically, we analyze whether workers who are heterogeneous in terms of thetype of working contract...

This paper empirically examines the impact of temporary agency work on firm performanceusing panel data from German establishments. Thereby, special attention is devoted to thequestion, whether there are performance differences between firms using temporary agencyworkers (TAWs) as a buffer stock...

It is often argued that Black-Scholes (1973) values overstate the subjective value of stock options granted to risk-averse and under-diversified executives. We construct a "representative" Swiss executive and extend the certainty-equivalence approach presented by Hall and Murphy (2002) to assess...

Using a panel of 425 European firms over the period from 1990 to 2005, we revisit Welch's (2004) finding that stock returns are the primary determinant of capital structure changes and that the corporate motives for issuing activities remain largely unexplained. We document that about half of...

We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002. If capital structure adjustment is costly, firms may...