1 Problemstellung -- 2 Legitimität und Effizienz administrativer Innovationen -- 2.1 Administrative Innovationen -- 2.2 Legitimität und Innovation -- 2.3 Legitimität und Effizienz -- 3 Legitimitätsgrundlagen und Grad der Legitimität -- 3.1 Quellen der Legitimität -- 3.2 Bestimmungsfaktoren...

This paper examines how the tournament-like progression in the CEO labor market influences corporate innovation strategies. By exploiting a text-based proxy for product innovation based on product descriptions from 10-Ks, we find a significant positive relation between industry tournament...

This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be...