Subjective performance evaluation is modeled as auditing without commitment. A superior, who has to decide whether an where to audit the work done by a subordinate, takes into account all interim information he has obtained in the meantime. This invites workers to cover up and withhold...

Die Studie enthält die Ergebnisse der 7. HR-Expertenbefragung mit der Zeitschrift Personalwirtschaft zum Thema „Führungskräftebeurteilung“ und dessen Weiterentwicklung zum 360°-Feedback. Betrachtet und kritisch kommentiert werden der gegenwärtige Verbreitungsgrad und der realisierte...

Die Studie stellt die Ergebnisse einer Umfrage unter Vertretern der leitenden Angestellten im Aufsichtsrat von mitbestimmten Unternehmen vor, die im September 2004 in Kooperation mit dem Deutschen Führungskräfteverband durchgeführt wurde. Ziel der Studie ist es, den Arbeitsprozess von...

We provide evidence on the impact of globalization on labor market outcomes analyzing pay differences between foreign-acquired and domestically-owned firms. For this purpose, we use firm level data from 16 European countries over the time period 1999 to 2006. Applying propensity score matching...

This paper investigates the motive of pre-empting technology competition through mergers and acquisitions (M&A). Exploiting the patent application procedure at the European Patent Office we introduce a new measure for the possibility to create entry barriers in technology markets. Our results...

The paper describes the legal and economic environment of mergers and acquisitions in Germany and explores barriers to obtaining and executing corporate control. Various cases are used to demonstrate that resistance by different stakeholders including minority shareholders, organized labour and...

We examine the empirical predictions of a real option-pricing model using a large sample of data on mergers and acquisitions in the U.S. banking sector. We provide estimates for the option value that the target bank has in waiting for a higher bid instead of accepting an initial tender offer. We...

Based on a unique dataset of legislative changes in industrial countries, we identify events that strengthen the competition control of mergers and acquisitions, analyze their impact on banks and non-financial firms and explain the different reactions observed with specific regulatory...

There is ample anecdotal evidence that political influence constitutes a barrier to the integration of the EU banking market. Based on a dataset on the transparency on the supervisory review process of bank mergers in the EU, I estimate the probability that a bank is taken over as a function of...