Erst seit wenigen Jahren erkennen Unternehmen häufiger, dass die Unternehmensreputation einen wichtigen Einfluss auf den Markterfolg des Unternehmens haben kann. Mit Reputation verbindet man das Ansehen bzw. den Ruf eines Unternehmens, wie es von Außenstehenden wahrgenommen wird. Der...

Since the mid-1990s, major Japanese banks have sold off a significant portion of their holdings of corporate equity. Using information on the identity of Japanese firms' top 10 shareholders, this paper explores the process of banks' equity disposal. There is some evidence that, after FY2001,...

Our empirical literature review shows that little is known about how firm performance changes withage, presumably because of the paucity of data on firm age. For Spanish manufacturing firms, weanalyse the firm performance related to firm age between 1998 and 2006. We find evidence thatfirms...

Welche Rolle spielen Innovationen für den Bestand und den Erfolg von Unternehmen in einerWettbewerbswirtschaft? Das ist wohl die grundlegendste Frage, die sich die Managementwissenschaftin Bezug auf Strategien der Neuerung stellt. Vielfach begnügt sie sich mitder Antwort, daß die Bedeutung...

We empirically study the use of value–based management systems in listed German firms and examineimplications for firms’ stock market performance. Using a novel, hand–collected data set covering1,083 firm years from 2002 to 2008, we find that value–based management systems become...

While some of the modern performance measures used in managerial accounting rely on cash flow based figuresothers try to take advantage of the information content of accounting figures. However, whether the additionalinformation content in the accrual components of earnings improves the internal...

In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculatedas price and performance indices and extend the number of investment strategy indices of Deutsche BörseGroup. The DAXplus Family is an all-share index whereas the DAXplus Family 30...

This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems...