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Labor unions played an historic role creating the occupational pension system in the private and public sectors in the post-World War II era. That system, which was dominated by defined benefit pension plans, is in decline. The transition to a new system is economically and socially painful, and...
Persistent link: https://www.econbiz.de/10012856452
We examine the stock returns implications of the corporate defined benefit pension plans in R&D portfolio specifications. Pensions are one of the most significant off-balance-sheet items and liabilities arising from pensions are extensive. In our sample, firms with pension plans are 38% more...
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While coming to grips with the challenges of market turbulence, repeated financial crises, and the 2001 introduction of a fair value disclosure regime, Denmark's Labour Market Supplementary Pension Plan (ATP) concluded that its approach to pension management needed to change. As a result, the...
Persistent link: https://www.econbiz.de/10013137426
This study examines the relation between employee incentives and corporate innovation. We find that firms with a higher defined benefit (DB) pension value secure more patents and patent citations. We further show that pension freezes, which stop the accumulation of pension obligations,...
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Michael Berlemann und Vera Jahn, Helmut-Schmidt-Universität Hamburg, liefern in diesem Beitrag eine qualitative und quantitative Abgrenzung des Mittelstands und zeigen auf, dass sich mit Hilfe dieser Abgrenzung die Hypothese stützen lässt, dass mittelständische Unternehmen...
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Wirtschaftswachstum in Deutschland und international eine neue Dynamik entfaltet. Helge Dauchert, Dietmar Harhoff und Patrick Llerena … Deutschland im Jahr 2008 auf etwa 13% des BIP belief. Generell sehen die Autoren durchaus Potenzial für eine stärkere … Beschaffungswesens in Deutschland und fehlender Anreize für die Beschaffungsverantwortlichen zum Einkauf innovativer Leistungen häufig …
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