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This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put …, some of the recommendations and suggestions made to improve corporate governance in Germany are not legally binding even …
Persistent link: https://www.econbiz.de/10010299931
This paper contributes to the empirical literature on the co-determination - firm performance nexus by using a new type of data that combines information on the co-determination status of enterprises from a commercial data base and supplementary information collected from the firms with...
Persistent link: https://www.econbiz.de/10010265948
This paper contributes to the empirical literature on the co-determination firm performance nexus by using a new type of data that combines information on the co-determination status of enterprises from a commercial data base and supplementary information collected from the firms with...
Persistent link: https://www.econbiz.de/10010269632
There remains great uncertainty about the economic consequences of co-determination in German supervisory boards. Because employee representation on company boards is mandatory, depending on the legal form and size of the company, a direct comparison of those companies that apply...
Persistent link: https://www.econbiz.de/10010286580
Die Institution eines einzelnen CEO (Chief Executive Officer) hat erhebliche Schwächen. Der CEO hat andere Interessen als die Eigentümer und deren Vertreter sowie die anderen Topmanager. Einer einzelnen Person so viel Macht zuzuweisen ist riskant. Der Wechsel eines CEO verursacht hohe Kosten....
Persistent link: https://www.econbiz.de/10012660598
This paper studies how portable skill accumulated in the labor market are. Using rich data on tasks performed in occupations, we propose the concept of task-specific human capital to measure the transferability of skills empirically. Our results on occupational mobility and wages show that labor...
Persistent link: https://www.econbiz.de/10010268280
Using a large representative German data set and various concepts of self-employment, this paper tests the jack-of-all-trades view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self-employed individuals perform more tasks and that their work...
Persistent link: https://www.econbiz.de/10010282433
Performance pay, at least as usually understand, is no good idea for non-executive directors. They have to supervise and control or in some situations even to fire and replace the executive managers. This means that their performance as supervisors is totally different from the performance of...
Persistent link: https://www.econbiz.de/10010310650
referring to the notion of responsibility which is a central concept of political philosophy and theory. It will be shown that …
Persistent link: https://www.econbiz.de/10010304380
In this paper, we discuss the relationship between responsibility and joint production. Responsibility mirrors our … ability to act freely. We can act freely only if we can assume responsibility for our actions and their consequences; the … limits of our responsibility are therefore also the limits of our liberty (part I). Thus, a problem of responsibility arises …
Persistent link: https://www.econbiz.de/10011422114