This paper investigates the determinants of a broad sample of Swiss non-financial firms’cash holdings between 1995 and 2004. The median Swiss firm holds almost twice asmuch cash and cash equivalents as the median U.S. or U.K. firm. Our results indicate thatasset tangibility and firm size are...

The Global Leadership and Organizational Behavior Effectiveness (GLOBE) study is currentlythe most comprehensive research endeavor that set out to answer – amongst others – whether ornot charismatic/value-based leadership is universally seen to contribute to effective leadership.The results...

In a qualitative leadership study conducted in the German-speaking part of Switzerland thequest to be oneself i.e., to be authentic was found to be central for leadership. We will presentthe results in detail and highlight the difficulties leaders experience when trying to beauthentic in their...

Was seit 1973 als Durchbruch in der Optionspreistheorie gilt und im Jahre1997 mit dem Wirtschafts-Nobelpreis ausgezeichnet wurde, hat der sterreicherVinzenz Bronzin 65 Jahre frher – im Jahr 1908 – umfassender, einfacherverstndlich und notabene: auf deutsch in einer kurzen Monografie...

In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nauticain Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory ofPremium Contracts) which is an old type of option contract. Almost like Bachelierÿs now famousdissertation...

... Die vorliegende Untersuchung gliedert sich in 6 Kapitel. Nach der Einleitung in diesem Kapitel liefertKapitel 2 einige Grundlagen für die Untersuchung von organisatorischen Innovationen, an der sich die weitereAnalyse orientiert.Um die Diffusion einer spezifischen Innovation analysieren zu...

We consider a median voter model with uncertainty about how theeconomy functions. The distribution of income is exogenously given andthe provision of a public good is ¯nanced through a proportional tax.Voters and politicians do not know the true production function for thepublic good, but by...

Applying data from 13 waves of the Swiss Labor Force Survey (1991-2003) I assess costs andbenefits of fixed-term contracts. First, I analyze the existence of a contract related wage gapand the effort response of temporary employees in terms of unpaid overtime hours. Second, Iinvestigate whether...

...Der vorliegende Text kann und will keine Erklärung geben für die beobachtete Wachstumsschwächein den einzelnen Ländern, dazu müsste die individuelle Situation genaueranalysiert werden, da die Ursachen wohl teilweise landesspezifisch sind. Vielmehr soll diepositive Frage beantwortet...

Current discussions about public and private pension plans often include a statement that thestock market is less risky in the long run than in the short run. Pension plans with their ratherlong planning horizon are therefore asked to increase their allocation to the stock market.These...