We explore how coworking spaces are involved in the entrepreneurial ecosystem of start-ups contingent on the lifecycle stage of the firm and the coworking space market itself. Our study is based on a hand-collected detailed sample of coworking spaces in the seven largest regions in Germany. We...

We apply the idea that managers of acquiring firms intend to entrench themselves through M&A in the sense of Shleifer and Vishny's (1989) entrenchment strategy through manager-specific investments. We propose that these managers implement bidder termination fee provisions in M&A contracts to...

Job rotation denotes employees' lateral transfers between jobs within the same firm (Campion et al., 1994). This study is the first that tests empirically Ortega's (2001) employer learning argument, i.e., the employer learns about the employee if the latter rotates jobs. Consistent with his...

The paper provides empirical evidence how promotion incentives and performance pay are related to nonverifiable human capital acquisition contingent on its grade of firm specificity. Consistent with Prendergast (1993), I document that promotion incentives are positively related to nonverifiable...

We apply the idea of Strych (2020) that short sellers of acquirers' stocks infer from their private observations of stock recalls that the deal will be more likely terminated. To profit from such informational advantage through short selling, Strych (2020) expects that acquirers' short sellers...