The combination of research and development units following a merger or an acquisition usually requires a broad and widespread integration project to ensure that a company?s innovative capabilities are carried forward into the future. Previous research has shown, however, that the combined...

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...

Personalmanagement einmal aus der Perspektive der Netzwerkforschung betrachten, das ist der tiefere Sinn der vorliegenden Studie, die sich mit den weitgehend vernachlässigten personalen Aspekten des Managements von und in Unternehmensnetzwerken befasst. Behandelt werden Personalprobleme aus dem...

Die Globalisierung wirtschaftlicher Aktivitäten bei gleichzeitiger Fragmentierung und Dynamisierung der Markts verschärft den internationalen Kosten- und Innovationswettbewerb. Flexibilität und Innovationsfähigkeit sind zu entscheidenden Wettbewerbsfaktoren geworden. Viele Unternehmen haben...

Previous empirical literature has shown that technological change can be considered the main cause of the skill bias (increase in the number of highly skilled workers) exhibited by manufacturing employment in developed countries over the last decades. However, recent papers have also introduced...

We study 298 firms that announce the intent to consider restructuring during the 1989 to 1998 period. We find that the actions taken subsequent to the initial restructuring consideration are equally divided between (i) being acquired, (ii) divesting one or more subsidiaries, or (iii) either...