The paper studies why a corporation hopes to keep technological leadership. The answer is shown by a theoretical model in the perspective of technological transfer. The model consisting of two countries, each of which contains numerous corporations,has pointed out: restrained technological...

We examine the impact of performance groups on the estimation of therelative importance of ¯rm, industry and other e®ects on corporate performance.Performance groups comprise ¯rms from the same industry with asimilar performance over a longer period of time. We present a statisticalmethod...

This paper reviews the Hotelling literature of product differentiation. The purpose of this work is to examine the impact of the market structure on price competitionand equilibrium differentiation. The existence of a general ’principle of differentiation’ is rejected. In contrast,...

This paper deals with the relationship between management quality, firm size, and managerial compensation.

Die Bezahlung von Managern -aber auch von anderen Mitarbeitern- mittels Optionen auf die Aktiendes eigenen Unternehmens (employee stock options, ESO's) ist in den USA weit verbreitet.1 Seitkurzem steigt auch in Deutschland das Interesse an dieser Vergütungskonstruktion.2 Als wesentlicherVorteil...