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...

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...

La cultura es la suma de los comportamientos atribuidos al ser humano más los objetos materiales que forman parte integral de estos comportamientos. Si limitamos el concepto al mundo de las empresas, hablamos hoy de la cultura corporativa, es decir, del dominio del cómo hacemos las cosas...

Die Globalisierung wirtschaftlicher Aktivitäten bei gleichzeitiger Fragmentierung und Dynamisierung der Markts verschärft den internationalen Kosten- und Innovationswettbewerb. Flexibilität und Innovationsfähigkeit sind zu entscheidenden Wettbewerbsfaktoren geworden. Viele Unternehmen haben...

Recent literature on international trade has established that the most productive firms become multinationals. But our data reveal a startling variation in productivity levels of foreign affliates across the countries in Eastern Europe of the same European multinational parent firms suggesting...