infonet-economy

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We investigate the performance of domestic and international bond and equity portfolios of Swiss pension funds and investment foundations over the period of 1996 to 2006. Our sample consists of 73 pension funds and 13 investment foundations with total assets of more than CHF 200 billion. We find some indications for superior skills of security selection and timing by pension funds in...

This study investigated attitudes towards older employees, perceived age discrimination, and HR practices (personnel development and reward) in 240 employees. Attitudes toward older employees were largely positive, thus supporting the notion that attitudes toward older employees are becoming increasingly positive. Older employees' attitudes towards older employees were more...

"Ethics pays in the long run." This still is the mantra of most practitioners and scholars in the field of business ethics. The paper at hand questions this widely held, instrumentalist view on the relationship between "ethics" and profits on epistemological and thus fundamental grounds. We will argue, first, that the positivist search for any correlation between...

The year 2004 started with a bombshell for the M&A sector: On 24th January rumors emerged of an imminent takeover bid by Sanofi-Synthélabo to the shareholders in Aventis. On 25th April 2004, the first hostile takeover in the history of the pharmaceuticals sector was completed. The CEO of Sanofi and future CEO of Sanofi-Aventis, Jean-Francois Dehecq, commented: "I had a very...

The purpose of this article is to draw lessons for transdisciplinary modelling endeavours in social contexts. The chosen approach is to explore a research project that was part of the Swiss National Science Foundation's ‘Swiss Priority Programme Environment' (SPPE). The project focused on ecological issues and was realised in collaboration with local actors from a Swiss...

Philip Roth's The Plot Against America traces the political awakening of its two child protagonists, the narrator Philip and his elder brother Sanford. While the latter undergoes an initiation process nearly in accordance with the classical tripartite scheme as coined by van Gennep, the height of Philip's initiation process is marked by physical pain and injury. However,...