Remuneration patterns of top executives of Austrian manufacturing corporations show little incentive character: More than 70 percent of total remuneration is fix, the rest flexible. Within this flexible part (which is higher for domestically and foreign-owned firms than for directly or...

Like with most European railroad administrations, the bulk of orders from the Austrian Federal Railways (ÖBB) are going to domestic producers. This preferential treatment of long tradition will be waived with the signing of the treaty on the European Economic Area (EEA). Over the next two years...

The world-wide tendency towards liberalization and deregulation of capital markets has led to significant structural and organizational reforms of the European stock exchanges. The most prominent features of these reforms are computerisation and the introduction of more efficient and rapid...

Modern innovation research focuses on the complexity and the endogenous character of technical change. Carriers of technical change are business enterprises which are tied by feedback mechanisms into a network of suppliers, clients, research institutions, regulatory agencies and domestic and...

Non-tariff barriers continue to impede trade flows between Austria and the EC. The completion of the internal EC market will exert increased competitive pressure on protected Austrian sectors. This will affect nearly half of all manufacturing employees. A fourth of these now works in sectors...