We argue gender-diverse boards are associated with distinct preferences that reassure investors about their commitment to moderate risk and boost long-term corporate survival. Results suggest a strong relation between gender-diverse boards and bondholder-aligned CEO compensation components,...

In practice, two types of tournaments can be distinguished - U-type and J-type tournaments. In U-type tournaments, workers receive prizes that have been fixed in advance. In J-type tournaments, the employer fixes an aggregate wage bill in advance, which is then shared among the workers according...

Beschäftigungssicherheit wird in der Literatur zur Segmentierung des Arbeitsmarktes als ein wesentliches Strukturmerkmal interner Arbeitsmärkte hervorgehoben. Diesbezüglich stellt sich die Frage, welche Vorteile das Unternehmen aus einer in diesem Segment institutionell zugesicherten...