Beides, Spiel und Arbeit, Technik und das Ästhetische erscheinen auch heute noch nur schwer miteinander vereinbar, selbst wenn neuere Vorstellungen von einer ludischen Gesellschaft hier deutlich Grenzüberschreitungen und Tätigkeitsverwischungen bereits bemerken und diese verstärkt...

Over the past two decades Wales has been quite successful in developing industrial clusters inautomotive components and electronics, but is still relatively weak in areas thought important tolong term manufacturing competitiveness, notably Research and Development (R&D). Thispaper examines...

Information technology (IT) is enabling large companies and particularly banking firms tocreate new forms of organizations. Both globalization of markets and stronger regulationthroughout the world puts pressure on banking firms to either spend more money coordinatingbusiness activities in the...

The extent of stock option remuneration for executives has been strongly criticized due tonumerous cases of balance sheet manipulation in the USA. The (complete) incentive compatibilityof executive remuneration using stock options to the market value of the company is still a controversy.This...

This paper is the rst to empirically analyze the value to shareholders of the power to havea binding vote on management pay. We nd that in response to an unanticipated eventthat made it likely that an annual binding vote would become compulsory for Swiss publiccompanies, the apparent immediate...

The literature is divided in its opinion about the impact of concentration of ownership on firmperformance. On the one hand, concentration of ownership that, in turn, concentratesmanagement control in the hands of a strategic investor, eliminates agency problemsassociated with dispersed...

On theoretical grounds, monitoring of top executives by the (supervisory) board is expectedto be value relevant. The empirical evidence is ambiguous and we analyze three noncompetingexplanations for this ambiguity: (i) The positive effect on firm value of boardmonitoring is hidden in stock price...

Die allgemeine Betriebswirtschaftslehre hat es nicht leicht mit ihren Sprösslingen Personal und Organisation. Denn weder die eine noch die andere mögen sich in die Konzeption einer (ökonomischen) Theorie des Betriebes einordnen. Dies wird gelegentlich auch für andere Teildisziplinen, wie...