Die Interpretation der finanziellen Ergebnisse von
internationalen Konzernen ist anspruchsvoll, der perfekte
Leistungsausweis eine Illusion. Woran sich Investoren dennoch orientieren können.
Seit der Abschlusssaison 2010 haben die nach dem international Financial Reporting Standards (IFRS) abschliessenden Unternehmen zusätzlich zu ihrem Nettoeinkommen gemäss überarbeiteter Fassung des IAS 1 ein Other Comprehensive Income (OCI) auszuweisen. Der Beitrag orientiert über die hohe Bedeutung des OCI. Besonders beachtet wird die Interpretation der für die Schweiz wichtigsten Kategorien.
This study provides the first econometric analysis on the dynamic dimension of establishment-level codetermination in Germany. We hypothesize that learning implies a change in the nature and scope of codetermination over time. Using unique data from small- and medium-sized establishments, our empirical analysis provides strong evidence that learning indeed plays a crucial role in the functioning of works councils. First, the probability of an adversarial relationship between management and works council is decreasing in the age of the council. Second, the council's age is positively associated with the probability that the council has an influence even on decisions where it has no legal powers. Third, productivity is increasing in the age of the council. Fourth, the quit rate is decreasing in the age of the council. However, the estimates also provide evidence of a codetermination life cycle.
