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Corporate Governance ohne Vertrauen?Ökonomische Konsequenzen derAgency-Theorie

Nippa, Michael; Grigoleit, Jens - Technische Universität <Freiberg> / Fachbereich … - 2006

Die Neue Institutionenökonomik und insbesondere die Agency-Theorie habensich zum heute dominierenden Paradigma der Corporate Governance-Diskussionentwickelt. Aufgrund der restriktiven Modellannahmen, die diesem Ansatzzugrunde liegen, werden jedoch einige Effekte, die in der Realität von...

Persistent link: https://www.econbiz.de/10005864070

Corporate Governance in Germany: An Economic Perspective

Schmidt, Reinhard H. - 2003

thaninvestor protection. Similar considerations also apply to other stakeholders who investtheir resources in a firm and whose …,especially those with high skill levels and firm-specific knowledge, are another. TheGerman corporate governance system is different …

Persistent link: https://www.econbiz.de/10005844583

Bankruptcy and the Size Effect

Lu, Ching-Chih; Chollete, Lorán - Universitetet <Stavanger> / School of Business … - 2010

The size effect and distress risk have both presented puzzles in modern finance. In thispaper, we build on the methodology of Campbell et al (2008) and Shumway (2001) toconsider potential time variation in pricing behavior of size and distress. We adjustthis methodology in two ways. First, we...

Persistent link: https://www.econbiz.de/10009305189

Economies of Scale in the Tunisian Industries

Heshmati, Almas; Haouas, Ilham - Institut zur Zukunft der Arbeit <Bonn> - 2011

To date, empirical investigations of trade liberalization under the conditions of increasingreturns to scale (IRS) and imperfect competition (IC) have either assumed or imposed themarket and productive structures necessary for such a model. However, of the recent IRS/ICmodels used to simulate...

Persistent link: https://www.econbiz.de/10009360518

Technological Opportunities, Absorptive Capacities, and Innovation

Becker, Wolfgang; Peters, Jürgen - Institut für Volkswirtschaftslehre <Augsburg> - 2000

The aim of this paper is to analyze the effects of technological opportunities on the innovation activities of firms, depending on their absorptive capacities. The importance and impacts of the ability of firms to use external knowledge sources were inquired especially for external knowledge...

Persistent link: https://www.econbiz.de/10005840314

Voluntary Disclosure of Cash Flow Statements and Segment Data in Germany

Leuz, Christian - 1999

Discretionary disclosure theory suggests that firms incentives to provide proprietary versus non-proprietary information differ markedly. To test this conjecture, the paper investigates the incentives of German firms to voluntarily disclose business segment reports and cash flow statements in...

Persistent link: https://www.econbiz.de/10005840386

Erich Gutenberg und die Theorie der Unternehmung

Schmidt, Reinhard H. - 1998

occasion for this lecture, is outdated and has lost touch with contemporary economic theories of the firm. However, this … impression would be wrong, as this paper demonstrates with reference to the most recent research into the theory of the firm … Betriebswirtschaftslehre" in the 1950s, his work was firmly rooted in the theory of the firm as it stood at the time. In the 1970s and 80s …

Persistent link: https://www.econbiz.de/10005840400

The Breakdown of Authority

Frisell, Lars - 2003

This paper studies organizations with autocratic decisionmaking.

Persistent link: https://www.econbiz.de/10005843663

Firm Acquisitions and Technology Strategy : Corporate versus Private Equity Investors

Grimpe, Christoph; Hussinger, Kathrin - Zentrum für Europäische Wirtschaftsforschung <Mannheim>

Over the last few years, worldwide mergers and acquisitions (M&A) have increasedsharply both in terms of value and volume. This development has not only beendriven by corporate acquirers but also to an increasing extent by private equityinvestors. In this paper, we analyze differences in...

Persistent link: https://www.econbiz.de/10005858816

Investigating the exponentialage distribution of firms

Coad, Alexander - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

While several plots of the aggregate age distribution suggest that rm age is expo-finentially distributed, we find some departures from the exponential benchmark. At thelower tail, we find that very young establishments are more numerous than expected,but they face high exit hazards. At the...

Persistent link: https://www.econbiz.de/10005870857

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