Internationally unparalleled fractions of doctoral degree holders among German top managers and superior career perspectives for German university graduates holding a doctoral degree suggest that the traditional German doctorate has not been primarily perceived as a specialized indicator for...

The paper focuses on signaling options for managerial talent under different higher education regimes. The educational paths in a sample of top managers of the 100 largest publicly traded companies in the U.S., France and Germany are consistent with our theoretical conjectures. For the singular...

Our paper analyzes the incentive structures for academics in US and German Higher Education that have developed under different institutional frameworks. Both incentive structures are internally consistent in the sense that they fit into their specific institutional background. Whereas the...

The paper presents an economic explanation of country-specific higher education patterns among topmanagers based on a signaling approach. Starting from Ar-row’s hypothesis that higher education functions as a filter for human capital, we discuss three alternative filter-designs, which can be...

Trotz ihrer teilweise astronomischen Gehälter gelten Filmstars für den Erfolg eines Films als wesentliche Ingredienz. Die Mechanismen, auf denen der Erfolgsbeitrag eines Stars beruht, bleiben jedoch häufig diffus. In diesem Beitrag wird die Funktion des Filmstars als „Wegweiser“ auf einem...

Due to specific production conditions consultancies have advantages over firms from other industries in assessing the quality of human capital. But only top-management-consulting firms will economize on these advantages by offering filtering services to the labor market. We assume...

Starting with Arrow’s hypothesis that Higher Education is a filter, the paper studies three alternative filter-designs. These designs can be attributed to the Higher Education systems of three different countries: In the U.S., compe-tition between schools not only leads to a stable and...

The new UEFA Club Licensing and Financial Fair Play Regulations have encountered stiff criticism. The concerns are that the new regulations may harm football in three different ways: By forgoing the potential benefits from substantial injections of external money into payrolls, by restricting...