Although an inverse relationship between sickness absence and unemployment has beendocumented in a number of studies using either quarterly or annual data from differentcountries with varying institutional frameworks, it is not yet clear whether this empiricalregularity is due to changes in the...

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...

Using microdata, we analyse the determinants of firm relocation and outsourcing decisionsand their effects on firms´ employment decisions. The results for a sample of 32 countriesshow that both strategies have been more intense in the EU-15 countries than in the rest andthat, in some cases,...

Globalisierung und Deregulierung bringen den Unternehmen in vielerlei Hinsicht neue Möglichkeiten, ihr wirtschaftliches Handeln zu optimieren. Aber so wie durch diesen schnellen Wandel und die steigende Komplexität von Geschäften mehr Optionen entstehen, werden auch immer mehr neuartige...

Alkoholismus kann lange unerkannt bleiben: er wird oft verharmlost, vom Umfeld ertragen oder mitgetragen, der Umwelt gegenüber versteckt, verdrängt oder verleugnet. Das kann ein Erklärungsmuster sein, weshalb diese Krankheit oft lange unbehandelt bleibt. Eine Antwort auf diesen Mechanismus...

A growing body of ethics research investigates gender diversity and governance on corporate boards, at individual and firm levels, in single country studies. In this study, we explore the environmental context of female representation on corporate boards of directors, using data from forty-three...

Human capital and deferred compensation might explain why firms employ but do nothire older workers. Adjustments of wage-tenure profiles for older new entrants areexplored in the context of deferred compensation. From an equity theory perspective,such adjustments might lead to adverse incentive...

We investigate an experimental representatives’ trust game which resembles trust relation-ships between representatives of organisations. Personality traits of subjects are elicited by a personality questionnaire (Cattell’s 16 PF-R) which is well established in personnel psychology. For the...

We investigate an experimental representatives' trust game which resembles trust relationships between representatives of organisations. Personality traits of subjects are elicited by a personality questionnaire (Cattell's 16 PF-R) which is well established in personnel psychology. Linking the...

This paper analyzes optimal job design in a repeated principal-agent relationship when there is only one contractible and imperfect performance measure for three tasks whose contribution to firm value is non-verifiable. The tasks can be assigned to either one or two agents. Assigning an...