Demand is growing for a better understanding of how assets are priced in countries outside of the U.S.While financial data are available for many firms world-wide, it is important to have a reliable andreplicable method of constructing high-quality systematic risk factors from these data. This...

The paper addresses the business value discussion of IT focussing on Business ProcessManagement (BPM), where BPM is understood as an integrated management concept withIT as a critical enabling technology. To answer the question if there could be any financialbenefit effects due to implementation...

The discipline of strategic management has the goal to better understand why companiessucceed based on a holistic, overarching perspective. However, until now the strategicmanagement literature has not provided a conceptually unifying framework that explicitlyintegrates the different dimensions...

Recent econometric studies only emphasize the role of longterm demand expectations and technological capability. They neglect the impact of buyer market structure on innovative efforts of input suppliers....

Vorliegendes Arbeitspapier untersucht die Kooperationsneigung der deutschen Automobilzulieferindustrie.

Der Verfasser beschreibt den Prozess, den ein Unternehmen durchläuft, bis es über die notwendige Innovationsdynamik verfügt. Er betont in diesem Zusammenhang vor allem die hohe Bedeutung einer geeigneten Innovationsstrategie als wichtigen Bestandteil der Unternehmensstrategie.