Der vorliegende Artikel soll einen Beitrag zu theoretischen Überlegungen einer Technikfolgenabschätzung (TA) der Alternativen leisten. Ausgehend von der Annahme, dass TA seit ihrer Entstehung den Anspruch auf die Entwicklung von (technischen) Alternativen erhoben hat, wird hier der Versuch...

We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net employment of targets declines by more than half within two years after acquisitions relative to a matched sample, and is concentrated in targets that close all establishments. There...

In the period 1997-2004, Preussag, a diversified German conglomerate of old economy businesses, changed itself into TUI, a company focused almost entirely on tourism and logistics. This paper analyzes how this strategy was executed and how it contributed to Preussag’s underperformance of the...

In this paper we analyze the impact of banks on German non-financial companies through ownership stakes and board representation. We find that the correlation between firm value and bank representation is negative and highly significant. By exploring the time series dimension of our dataset, we...