With the unchanging high failure rate of M&As, recent research is putting an increasing emphasis on Cultural Due Diligence (CDD) and socio-cultural Post-Merger Integration (PMI) Management. Nevertheless, the state of the art on CDD is still rare, leading to the fact that its actual value for a...

Die Neuorientierung in Richtung auf ökologische Nachhaltigkeit stellt die Unternehmen vor große Herausforderungen. Verlangt wird von den Unternehmen, ihr ökonomisches Streben nach Gewinnmaximierung mit ökologischen Zielen zu vereinbaren, was dauerhaft nur gelingt, wenn sie ihre...

The last dozen years Corporate Governance (CG) has become an important subject in many countries around the world. Although it has been admitted that governance models vary greatly between different countries and that there is no single ideal model of governance (Mygind 1998), Turnbull (1997,...

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

In diesem Beitrag skizziere ich einen Zugang zum Messen, Bewerten und Verstehen betrieblicher Ressourcenkulturen. Ohne die Sinndimension ist jedes Messen und Bewerten sinnlos - vermutlich scheitern deshalb viele Messansätze. Die vorgestellte Analytik basiert auf unserer Theorie der...

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct...

We study the relation between order imbalance and past returns and firm characteristics and testa number of hypothesis including the disposition effect, momentum and contrarian trading, taxlossselling and flight-to-quality hypothesis. These hypotheses make predictions about investors’buy or...