Publications des institutions partenaires

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Practical approaches to USO costing and financing

n this paper we set out a holistic approach that incorporates recent developments in assessing the net cost of the USO and presents a robust methodology for practical implementation. We analyse the issues relating to assessing the net costs of the USO with particular focus on the benefits associated with USO and current empirical approaches to calculating the net costs. We then…

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English / 01/01/2011

The new political role of business in a globalized world: A review of a new perspective on CSR and its implications for the firm, governance, and democracy

Scholars in management and economics widely share the assumption that business firms focus on profits only, while it is the task of the state system to provide public goods. In this view business firms are conceived of as economic actors, and governments and their state agencies are considered the only political actors. We suggest that, under the conditions of globalization, the…

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English / 01/01/2011

The effects of the fair value option under IAS 39 on the volatility of bank earnings

Using an international sample of 222 banks from 41 countries, this study examines whether the fair value option (FVO) affects earnings volatility. Prior empirical studies associate higher levels of earnings volatility with fair value accounting (Barth et al. 1995; Hodder et al. 2006). In contrast, I find evidence that banks applying the FVO to reduce accounting mismatches exhibit…

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English / 01/01/2011

The effect of professional football clubs' legal structure on sponsoring revenue

Professional football clubs earn most of their revenues from four sources: sale of broadcasting
rights, matchday revenues, merchandising, and sponsorship. The relative importance of these
sources differs among clubs and leagues.
Economists often argue that the ability of
professional football clubs to generate revenues depends to a large extent on their legal…

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English / 01/01/2011

The effect of wage dispersion on team outcome and the way team outcome is produced

The impact of intra-team pay dispersion on team productivity is a highly discussed issue. On the one hand, wage differentials provide incentives for higher employee effort. On the other hand, pay inequality may reduce team cohesiveness and increase feelings of relative deprivation leading to lower performance. Analysing nonlinear effects of wage dispersion in professional soccer, we…

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English / 01/01/2011

Modeling multiple relationships in social networks

Firms are increasingly seeking to harness the potential of social networks for marketing purposes. Marketers are therefore interested in understanding the antecedents and consequences of relationship formation within networks and in predicting interactivity among users. In this paper we develop an integrated statistical framework for simultaneously modeling the connectivity structure…

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English / 01/01/2011

Risk-averse mitigation decisions in an unpredictable climate system

Risk aversion plays a central role in the decisions made in the face of uncertainties, and climate-change mitigation should be no exception. However, the interlinkage of risk aversion and climate-change uncertainties has hardly been investigated numerically, in part because of the computational difficulties of stochastic optimization. In this paper, we apply the numerical techniques…

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English / 01/01/2011

Der Anstieg der Management-Vergütung: Markt oder Macht? Die Unternehmung

Der weltweite Anstieg der Gehälter für angestellte Manager wird kontrovers diskutiert. Aufder einen Seite argumentieren Vertreter „optimaler Verträge“, dass der Anstieg der Gehälterdurch funktionierende Märkte verursacht ist. Aus dieser Sicht erhöhen dieInternationalisierung und Deregulierung der Märkte die Nachfrage nach talentiertenManagerinnen und Managern, welche diese…

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Deutsch / 01/01/2011

Is self-employment really a bad experience?: The effects of previous self-employment on subsequent wage-employment wages

We use propensity score matching methods to quantify the effects of past self-employment experience on subsequent earnings in dependent employment using data on the population of Danish men observed between 1990 and 1996. Our results generally confirm existing studies in that we find that a spell of self-employment is associated with lower hourly wages compared to workers who were…

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English / 01/01/2011

Selling when brand image matters

This paper studies profit-maximizing seller behavior when brand image affects demand. We consider a seller facing a population of consumers with heterogeneous tastes regarding product quality and brand image. First, we analyze<I> active branding</I> by the seller through costly advertising. Our analysis shows that advertising, price, and profits are all increasing in the…

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English / 01/01/2011

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