In the nineties, average firm size decreased, organisations decentralized, and workers preferences shifted from large to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are subject to risk-shifting. They realize more of their...

Dieser Beitrag untersucht anhand eines mikroökonomischen Formalmodells, weshalb Mitarbeiter aus individuell rationalen Gründen bei Change-Management-Projekten ihr berufliches Anstrengungsniveau reduzieren und weshalb sie vermehrt zu anderen Ar-beitgebern wechseln. Das Modell wird so...

In the nineties, average firm size decreased, organisations decentralized, and workers preferences shifted from large to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are subject to risk-shifting. They realize more of their...