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Theorie und Unternehmenspraxis weisen auf die hohe Relevanz des Humankapitals für denUnternehmenserfolg hin … Humankapital ist somitnicht als Vermögensgegenstand in der Bilanz für die Adressaten sichtbar, weshalb eine verbaleDarstellung des … entwickeltenScoringmodells ermittelt wird. Darüber hinaus wird analysiert, welche Determinantendie Qualität der Humankapital …
Persistent link: https://www.econbiz.de/10009129465
Was lernt “die Praxis” von “der Wissenschaft”? Welches Wissen wird von gegenwärtigenoder künftigen Managern angenommen und angewendet? Und welches Wissen wird ignoriertund nicht angewendet? Meine These ist, daß sich insbesondere die aus wissenschaftlicherSicht schlechten Konzepte...
Persistent link: https://www.econbiz.de/10005866938
related quantities known from information theory. In particular, in a complete market in which the insider has some fixed …
Persistent link: https://www.econbiz.de/10005861994
Implementing performance pay requires that workers' output be measured. Whenmeasurement costs differ among firms, those with a measurement cost advantage choose toimplement performance pay. They attract the best workers, and both the level and variabilityof compensation are higher at these firms...
Persistent link: https://www.econbiz.de/10005862076
In this paper I consider the impact of a noisy indicator regarding a manager's manipulative behavior on optimal effort incentives and the extent of earnings management. The analysis in this paper extends a twotask, single performance measure LEN model by including a binary random variable. I...
Persistent link: https://www.econbiz.de/10005862859
In this paper we analyze a dynamic agency problem where contracting parties do not know the agent's future productivity at the beginning of the relationship. We consider a two-period model where both the agent and the principal observe the agent's second-period productivity at the end of the...
Persistent link: https://www.econbiz.de/10005862861
We analyze the role of intermediaries in electronic markets using detailed data of more than 14,000 originated loans on an electronic P2P (peer-to-peer) lending platform. In such an electronic credit market, lenders bid to supply a private loan. Screening of potential borrowers and the...
Persistent link: https://www.econbiz.de/10005865328
Small and medium-sized firms often obtain capital via a mixture of relationshipand arm's-length bank lending. We show that such heterogeneous multiple bankfinancing leads to a lower probability of inefficient credit foreclosure than bothmonopoly relationship lending and homogeneous multiple bank...
Persistent link: https://www.econbiz.de/10005865629
This paper develops a theoretical model of dynamic decision-making of a monetarypolicy committee with heterogeneous members. It investigates the optimal transparency,and the optimal way of transmitting information of committees, by analysing the effectsdifferent communication strategies have on...
Persistent link: https://www.econbiz.de/10005866195
By using short-term direct finance firms of the highest credit quality exposethemselves to rollover risk in the public debt markets. Firms insure themselvesagainst this risk by securing backup lines of credit from banks that they mayuse should market liquidity dry up. In a first step, this paper...
Persistent link: https://www.econbiz.de/10005866363