infonet-economy

Das vorliegende Papier schlägt eine neue Sicht auf Probleme der Corporate Governance vor. Es wird analysiert, wie der Unternehmenssektor bezüglich Governance vom politischen Bereich lernen kann. Demokratien haben einzigartige Institutionen der Führung und Kontrolle von Akteuren im öffentlichen Bereich geschaffen, welche neue Einsichten für die Governance von Unternehmen geben können...

The prospect theory of Kahneman and Tversky (in Econometrica 47(2), 263–291, 1979) and the cumulative prospect theory of Tversky and Kahneman (in J. Risk uncertainty 5, 297–323, 1992) are descriptive models for decision making that summarize several violations of the expected utility theory. This paper gives a survey of applications of prospect theory to the portfolio choice problem...

It is typically assumed that people engage in entrepreneurship because there are profits to be made. In contrast to this view, this paper argues that entrepreneurship is more adequately characterized as a non-profit-seeking activity. Evidence from a broad range of authors and academic fields is discussed showing that entrepreneurship does quite generally not pay in monetary terms....

The purpose of this contribution is to give an overview of the role of System Dynamics (SD) in the context of the evolution of the systems movement. This is necessary because SD is often erroneously taken as the systems approach as such, not as part of it. It is also requisite to show that the processes of evolution of both SD in particular and the Systems Movement as a whole are...

Gedanken für Jan Mettler, Unternehmer und Präsident des Bündner Gewerbeverbandes 1994-2006

Gläubige sind die besseren Kapitalisten. Zumindest nach Max Weber. Der formulierte 1904/05 seine berühmte These von der protestantischen Ethik und dem Geist des Kapitalismus. Seinerzeit hatte er es auf den Wirtschaftsaufschwung im Amerika der puritanischen Gründerväter abgesehen und ihn mit religiös motivierten Werten wie Sparsamkeit und Arbeitseifer erklärt. So weit hätte er...

The aim of this paper is to study whether schooling choices are affected by social interactions. Such social interactions may be important because children enjoy spending time with other children or parents learn from other parents about the ability of their children. Identificationnis based on a randomized intervention that grants a cash subsidy encouraging schoolnattendance among a...