This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...

We investigate whether outside board memberships of CEOs signal expertise or entrenchment. The analysis is based on panel data of the largest German companies covering the period from 1996 to 2008. Supporting the entrenchment hypothesis, our analysis reveals that firms having a CEO with one or...

Mehrfachmandatsträger in Vorständen und Aufsichtsräten stehen seit langer Zeit in der öffentlichen Kritik. Anhand eines Paneldatensatzes für die größten deutschen Unternehmen im Zeitraum von 1996 bis 2006 wird der Einfluss von Mehrfachmandaten von Vorstands- und Aufsichtsratsvorsitzenden...

This study examines how industry-specific managerial experience affects firms’ innovation performance in the context of different institutional environments. Based on firm-level data from 27 Central and Eastern European countries we identify a robust positive relationship between...

We investigate empirically how outside directors on supervisory boards influence innovative performance of the firms they monitor. Based on panel data of the largest German companies the econometric analysis shows a robust and significant positive influence of external executives on innovative...

To what extent does high-growth entrepreneurship depend on skilled human capital? We estimate the impact of the inflow of inventors into a region on the founding of high-growth firms, instrumenting mobility with the county-level share of millions of inventor surnames in the 1940 U.S. Census....