infonet-economy

We address the heated debate over the staggered board. One theory claims that a staggered board facilitates entrenchment of inefficient management and thus harms corporate value. Consequently, some institutional investors and shareholder rights advocates have argued for the elimination of the staggered board. The opposite theory is that staggered boards are value enhancing since they...

Aufgrund zahlreicher Gespräche und Interviews mit Verwaltungsräten, Unternehmerinnen und Unternehmern sowie dank eigener VR-Tätigkeiten stellten wir das Bedürfnis nach einem einfachen Leitfaden für die KMU Praxis für die Rekrutierung und die Zusammenarbeit mit externen Verwaltungsräten fest. Dieser Leitfaden soll eine Übersicht über zentrale Themen geben, die sich bei der Einsetzung...

The greatly improved economic fundamentals of the major emerging economies over the last decade have propelled several emerging banks into the ranks of the world’s largest. Despite their importance in the global economy, the internationalization of emerging market banks remains an understudied phenomenon. This article examines factors that may influence the internationalization...

This research aims to uncover three forms of communities of practice (CoPs), based on a set of six governance mechanisms. The focus is on the specific question of how organizations combine different governance mechanisms to balance autonomy and control in the management (steering) of CoPs. This paper is based on a study of 16 CoPs in nine multinational organizations.

This article explores knowledge search strategies of technology-based small firms (TBSFs) and the role that informal and proximate relationships play in the development of knowledge networks, through which knowledge exchange occurs. Drawing on interfirm relationship and social network theory, we contend that TBSFs participate in informal networks to exchange technology, market and...

In the current study, we contend that to enhance their competitiveness and performance, hotel properties need to develop and implement internal policies and procedures such as strategic management accounting that are consistent with their business strategies and account for changing competitive demands. We employ a sample composed of 80 hotel properties to investigate the key...

This paper analyzes optimal prevention in a situation of multiple, possibly correlated risks. We focus on probability reduction (self-protection) so that correlation becomes endogenous. If prevention concerns only one risk, introducing a second exogenous risk increases the level of prevention expenditures, even if correlation is negative. If prevention expenditures may be invested...

This paper considers all-pay contests in which the relationship between bids and allocations reflects a small amount of noise. Prior work had focused on one particular equilibrium. However, there may be other equilibria. To address this issue, we introduce a new and intuitive measure for the proximity to the all-pay auction. This allows, in particular, to provide simple conditions...

Cette 6e édition tient compte de toutes les modifications pertinentes pour la Suisse apportées au droit aérien international e national, jusqu'à avril 2017. Sont traites en particulier le Règlement (UE) n°923/2012 de la Commission européenne, qui définit des règles de l'air communes, des prescriptions et des procédures d'exploitation pour les services de contrôle du...