Employing traditional event study methodology we examine the market reaction to layoff announcements of firms listed on the German stock market. We contribute to the international literature in this field with two major results. First, unlike anecdotal and similar to international evidence we...

Purpose – The paper aims to investigate whether the wave of mergers observed in other European countries is suitable for the German banking industry. Design/methodology/approach – This question is approached by studying the relationship between market structure and profit (the so‐called...

Der Migrationsstrom eines Landes in ein anderes Land hängt positiv von den bereits vor Ort befindlichen Migranten gleicher Nationalität (bzw. gleicher Herkunft) ab. Dieser Effekt wird in der Literatur häufig als Netzwerkeffekt bezeichnet. Wir zeigen in diesem Beitrag anhand der Migration nach...

Forced-Distribution-Systems (FDS) have many indisputable benefits (such as identification of high potential and low performers or incentive effects to exert higher efforts). However, many companies take a critical stance toward FDS, one of the main reasons being the agents' incentive to execute...

Under a deadweight loss of tax and transfer, there is tension between the optimal policy choices of a Rawlsian social planner and a utilitarian social planner. However, when with a weight greater than a certain critical value the individuals' utility functions incorporate distaste for low...