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Industrial relations are in flux in many nations, perhaps most notably in Germany and the Britain. That said … representation in Germany and still less in both countries about firm transitions between these institutions over time. The present … and the erosion of sectoral bargaining in Germany, and identify the respective roles of behavioral and compositional …
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We study the impact of accelerated vesting of equity awards on takeovers, whereby the restricted stock and/or stock options of the target CEO immediately vest and become unrestricted upon the close of the acquisition. We find that takeover premiums are significantly larger when the target CEO...
Persistent link: https://www.econbiz.de/10013117248
Three problems pose severe challenges to identify the impact of corporate social responsibility (CSR) on firm value and performance. These are construct validity, limited data, and endogeneity. To deal with them we use a broad composite measure of CSR and panel data with firm fixed and random...
Persistent link: https://www.econbiz.de/10012981886
This study examines whether parity codetermination at German supervisory boards improves labor investment efficiency at … reversible in the short term, given that hiring and firing costs are usually quite high due to labor regulation in Germany. As … labor representatives are legally entitled to 50% voting rights at the supervisory board level (parity codetermination), we …
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