infonet-economy

This paper investigates the process of knowledge exchange in inter-firm Research and Development (R&D) alliances by means of an agent-based model. Extant research has pointed out that firms select alliance partners considering both network-related and network-unrelated features (e.g., social capital versus complementary knowledge stocks). In our agent-based model, firms are...

This special sssue contains five papers from the 7th European Sport Economics Association (ESEA) Conference on Sports Economics. This conference was hosted by the Center for Research in Sports Administration (CRSA; http://www.crsa.uzh.ch (link is external)) August 27–28, 2015, at the University of Zurich in Switzerland. On the day prior to the...

„And for seizing the reins of the global media, for founding and framing the new digital democracy, for working for nothing and beating the pros at their own game, TIME’s Person of the Year for 2006 is you.“
LEV GROSSMAN, in TIME MAGAZINE
In 2006, the TIME Magazine selected “You” as the magazine’s Person of the Year. This award acknowledged the contribution millions of...

Bonus taxes have been implemented to prevent managers from taking excessive risks. This paper analyzes the effects of taxing executives’ bonuses in a principal–agent model. Our model shows that, contrary to its intention, the introduction of a bonus tax intensifies managers’ risk-taking behavior and decreases their effort. The principal responds to a bonus tax by offering the manager...

We study how securities analysts influence managers’ use of different types of earnings management. To isolate causality, we employ a quasi-experiment that exploits exogenous reductions in analyst following resulting from brokerage house mergers. We find that managers respond to the coverage loss by decreasing real earnings management while increasing accrual manipulation. These...

Seit Beginn des Bundes-Investitionsprogramms „Zukunft Bildung und Betreuung“ (IZBB) im Jahr 2003 hat sich der Anteil der Grundschulkinder, die ganztägig eine Schule besuchen, mehr als vervierfacht. Vor diesem Hintergrund untersucht der vorliegende Beitrag zum einen, welche demografischen und sozioökonomischen Merkmale Kinder aufweisen, die ganztägige Schulangebote nutzen. Zum anderen...