Recently, Kleidon suggested a restatement of the Gaia hypothesis based on Maximum Entropyapproaches to the Earth system. Refuting conceptions of Gaia as a homeostatic system,Gaia is seen as a non-equilibrium thermodynamic system which continuously moves awayfrom equilibrium, driven by maximum...

China’s rise drives a growing impact of China on economics. So far, this mainly works via theforce of example, but there is also an emerging role of Chinese thinking in economics. Thispaper raises the question how far Chinese perspectives can affect certain foundational principlesin economics,...

The objective of this paper is to investigate the innovative performance of China’s NIS ininternational comparison and the capacity of China’s NIS in creating indigenous innovation.We provide insights drawing upon patent data and using patent families to determine the valueof the underlying...

Recently, Aoki proposed the concept of substantive institutions which relates outcomes ofstrategic interaction with public representations of equilibrium states of games. I argue thatthe Aoki model can be grounded in theories of distributed cognition and performativity,which I put into the...

Subject of the study presented in this paper is the analysis of the relevance of the Internet asan information source in German banks. The results show, that today the Internet is indeed themost important information source for many types of information used in the business processesof banks....

In recent years, diversity management has evolved from a perspective on human resourcesmanagement toward a conception of strategic management. This implies the need to adapt acentral management function, strategic controlling, in order to render the conception of diversitymanagement in...

This paper studies the effects that heterogeneous multiple bank financing hason a firm’s risk- and information-policy, particularly with respect to credit rene-gotiation efficiency. We find that a significant, yet limited, degree of relationshiplending enables firms with high asset specificity...

With the development of new internet technologies new security problems arise. Thus, it isimportant to consider security aspects during the complete development process of a web application.Every participant of such a process should have the appropriate knowledge. Classicallearning methods are...

In many analyses of the Chinese so-called economic miracle, cultural factors loom large. Thispaper offers a brief overview of recent economic approaches to culture and puts these into ananalytical framework that highlights the dynamic and creative aspects of culture. I argue thatChina is a model...

Sovereign Wealth Funds (SWFs) have become active investors on the financial markets. Thisworking paper meets the increasing thirst for information on the investment activities of SovereignWealth Funds, their legal environment and the implications on German stock listedcorporations. Thus, this...