infonet-economy

This paper explores the effect of dual-class shares on firm performance using a unique law change in Switzerland as a source of exogenous variation. Unlike most of the related literature we do not adopt a one-size-fits-all approach but allow the effect to vary depending on a firm’s need for external finance. Based on nine years panel data of both firms affected and unaffected by the...

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...

In a recent article published in this journal, Stohl and Stohl (2011) examine the phenomenon of clandestine organizations from a communication-centered perspective. The authors draw primarily on the work of the ‘Montreal School’ of organizational communication, which stresses the constitutive role of communication for organizations. In this response, we argue that the Stohls’ paper...

Although trainee pay is central to the economics of work-based training, institutionalists have paid it little attention, while economists typically assume that it is set by market clearing. We document large differences in the pay of metalworking apprentices in three countries: relative to the pay of skilled employees, it is high in Britain, middling in Germany, and low in...

This paper provides a formal analysis of persuasive advertising when firms compete for consumers with heterogenous social attitudes towards the consumption by others. Deriving product demand from primitives, we show that the demand-enhancing effect of persuasive advertising varies across consumers and increases in the average degree of conformity. In equilibrium, both quality and...

In recent years, international accreditations from private providers have gained importance among business schools all over the world. Higher education managers increasingly see these accreditations as a way of assuring and developing quality in order to comply with international standards, enhance performance, and increase reputation. However, given that an accreditation process...