This study examines the effect of peer-level analyst transitions (i.e., switching between brokerage houses) on associated regular incumbent analysts’ forecasting performance. We employ a difference-in-differences research design with analyst fixed effects and compare incumbent analysts of...

Wir untersuchen das Ausscheiden von Vorstandsmitgliedern, insbesondere hinsichtlich verschiedener Arten von weiteren Vorstands- und Aufsichtsratsmandaten der Aufsichtsratsmitglieder. Es werden alle Vorstandsmitglieder der größten deutschen Aktiengesellschaften im Zeitraum 1996 bis 2008...

We investigate executive turnovers with focus on different kinds of outside board memberships of supervisory board members. The analysis is based on all management board members of the largest German corporations during the period from 1996 to 2008. Cox proportional hazard estimations suggest...

Distortions in memory impose important bounds on rationality but have been largely disregarded in economics. While it is possible to learn, it is more difficult, and sometimes impossible, to unlearn. This retention effect lowers individual utility directly or via reduced productivity, and adds...

We study the role of financial flexibility on COVID-19 employment actions. Using daily data from March through May 2020 for 354 of the largest U.S. employers, we first quantify the effect of the pandemic on employees: Firms facing a negative demand shock were 28.8 percentage points more likely...

Using a survey with 57 German firms, we evaluate the level of digitalization of the human resource management (HRM) function and document perceived benefits and barriers of technology adoption from organizational and individual users' perspectives. The results give reason for optimism. Most of...

Aktuelle Studien zur Arbeitssituation in Unternehmen belegen Einzelaspekte wie Produktivitätsverluste, fehlende emotionale Bindung der Mitarbeiter und Defizite im Managementverhalten. Die Thematik wird in dieser Fallstudie in einem interdisziplinären Ansatz untersucht. Basierend auf dem Modell...

Recent proposals for a more inclusive capitalism call for labor and minority representation in corporate governance. We examine the joint promise of labor and minority representation in the context of German works councils. The councils are a powerful form of labor representation that grants...

Teamwork has become widely embraced in recent decades; however, its adoption carries significant implications that require thorough understanding. In this paper, we study the relationship between teamwork and selection intensity. The use of teams may increase the value of investing in...

This study uses panel data describing about 6,500 employees in a large international company to study the incentive effects of performance related pay. The company uses two performance related remuneration mechanisms. One is an individual "surprise" bonus payment. The other is a more structured...