It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue that it is beneficial to be a nonmerging rival firm to a large horizontal merger. Using a sample of mergers with expert-identification of relevant rivals and the event-study...

The much-studied relationship between domestic rivalry and export performance consists of those supporting a national-champion rationale, and those supporting a rivalry rationale. While the empirical literature generally supports the positive effects of domestic rivalry, the national-champion...

This article analyzes the institutional design of international double tax avoidance. The basic argument is that double tax avoidance exhibits the strategic structure of a coordination game with a distributive conflict. The distribution of tax revenues depends on the asymmetry of investment...

Gegenwärtig beginnt sich ein Paradigmenwechsel in der Automobilität zu vollziehen, weg vom Benzin- und Diesel-Verbrennungsmotor hin zu alternativen Antriebs- und Kraftstofftechnologien. Dieser Prozess verläuft widersprüchlich. Einerseits ist die F&E-Arbeit der Automobilindustrie nach wie vor...

This paper analyzes the restructuring of private, occupational pensions in the Netherlands, Denmark and Switzerland. Despite the institutional similarities of all three systems (extensive pre-funding, collectively organized pensions, near-universal coverage), the three systems differ in...

Der vorliegende Beitrag untersucht die neusten Entwicklungen in der polnischen Arbeitsgesetzgebung aus der Perspektive der laufenden Debatte über die aktivierende Arbeitsmarktpolitik. Es wird der Frage nachgegangen, ob Polen dem internationalen Trend zu Workfare- Strategien in der...

The main task of this paper consists in gauging the analytical value of Max Weber´s Protestant Work Ethic, and in tackling the question of whether and how the concept is still used in current research and theory building. Reviewing existing literature, four broad areas of research are...