infonet-economy

Coherent risk measures play an important role in building and solving optimization models for decision problems under uncertainty. We consider an extension to multiple time periods, where a risk-adjusted value for a stochastic process is recursively defined over the time steps, which ensures time consistency. A prominent example of a single-period coherent risk measure that is widely…

Based on a disaggregate cross-country analysis, we investigate the performance of 10 public Swiss universities and 77 public German universities from 2001-2007. During this period the universities in both countries have faced two major reforms aimed at improving efficiency and productivity in the European higher education sector. We assess the change in productivity and its sources,…

Die zweite Veröffentlichung eines Rankings für Betriebswirtschaftler in der Zeitung „Handelsblatt“ hat massive Proteste hervorgerufen und zu einem teilweisen Boykott geführt. Was kritisieren die Autoren des Boykottaufrufs? Wie stehen sie grundsätzlich zu Rankings in der Wissenschaft?

Purpose – The purpose of this paper is to determine the fundamental factors influencing the equity share in build-operate-transfer (BOT) investments in relation to the project risk profile.Design/methodology/approach – The relationships between risk factors and equity participation into the capital structure of a BOT contract are examined using regression analysis of a dataset of…

Drawing on Pierre Bourdieu’s theory of social practice this paper develops a novel approach to the study of CSR. According to this approach, pro-social activities are conceptualized as social practices that are employed by individual managers in their personal struggles for social power. Whether such practices are enacted or not depends on the (1) particular features of the social…

The aim of this study is to investigate whether trust in one’s employer and also perceived employability are able to reduce employees’ perceived post-restructuring job insecurity. Both, quantitative job insecurity (insecurity over the continuity of a job) and qualitative job insecurity (insecurity over the continuity of valued aspects of the job) are examined. Based on Lazarus’…