Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...

In order to analyse whether women and men differ in their decision making under risk and uncertainty, we use data from the game show 'Who Wants to be a Millionaire?'. It turns out that i) there are gender differences in choosing a lottery or a certain value only for “largestakes” lotteries,...

We examine differences in the efficiency of UK universities in providing research and teaching. It appears that (i) universities are more efficient in providing teaching than research, (ii) the variation of efficiency is larger in research than in teaching, and (iii) the degree of (in)efficiency...

Dem von Presse, Wirtschaft und Politik vorgeworfenen Defizit bundesdeutscher Hochschulen soll mit einem verstärkten Qualitätswettbewerb um den "Kunden" Studenten abgeholfen werden. Student(inn)en müßten dann allerdings bei der Wahl ihrer Hochschule Kriterien in Betracht ziehen, die durch...

Some authors suggest that firing a coach reflects a principal-agent problem between team managers and coaches. Another explanation emphasizes the matching problem between teams and coaches. This paper provides empirical evidence for the latter: Using German soccer league data, we analyze the...