infonet-economy

This paper investigates whether the valuation effect of corporate governance depends on the degree of competition in the companies’ product markets in a large international sample covering 14 countries from the European Union (EU). Besides providing external validity of previous US-centred studies, this paper uses more comprehensive and reliable measures of both product market…

This research article provides empirical insights on the key drivers for successful internal and external innovation network management. The hypotheses are tested empirically using survey data collected from stock-listed companies in Germany, Switzerland and Austria. The data include the complete responses from 141 R&D managers for the period from 2004 to 2008. Our results show…

Seit dem 1. Januar 2009 wird die Segmentberichterstattung in Übereinstimmung mit IFRS 8 erstellt. Dabei orientieren sich die ausgewiesenen Segmente und Bewertungsgrundlagen an der internen Berichterstattung. Beim Segmentbericht handelt es sich um Offenlegungssachverhalte, die aufgrund der kompensatorischen Funktion notwendig für das Verständnis der Geschäftstätigkeit diversifizierter…

The financial crisis has fueled a heated debate about the responsibility of financialeconomists. Critics such as Paul Krugman, Robert Shiller, and David Colander arguethat financial economists have developed useless or even harmful theories. This isan important debate, but it suffers from the fact that the role of financial theoriesremains unclear. In this chapter we enter the field…

Comparisons between European and North American sports leagues have occurred over the years. In this paper, we attempt to bring these comparisons down to the essential elements -what has come to be called Rottenberg’s (1956) invariance principle and theoretical insights into attempts to alter competitive balance using revenue sharing, talent drafts, and payroll caps. We also examine…

I study the impact of ''say on pay'' (SoP) on the compensation decisions and the structure of the board of directors (BoD) in a setting where the CEO has the real authority over the composition of the BoD. The CEO's authority arises endogenously from an informational advantage about individual board members' contribution to firm value and allows her to…

Lean development is a promising approach in new product development (NPD). However, despite the successful application of lean thinking and its principles to manufacturing, the adoption of the lean approach to product development is a quite novel undertaking. In this paper, we develop and test hypotheses pertaining to the elimination of waste, which is one of the major objectives of…