We study business uncertainty in high- versus low-volatility environments by surveying over 31,000 managers across 41 countries. We elicit subjective probability distributions for future own-firm sales and measure firm-level uncertainty with their mean absolute deviations. Analogously, we...

Der anhaltende Mangel an Fachkräften in der IT-Branche stellt eine zentrale Herausforderung für Unternehmen dar und erschwert den Fortschritt bei der digitalen Transformation. Infolgedessen gewinnt der Einsatz von Low-Code/No-Code (LCNC) sowohl in der Praxis als auch in der Wissenschaft...

Abstract Decentralized autonomous organizations (DAOs) promise to be an incubator for a regenerative, mutualist, and democratic economy. But if business is no longer done in firms and workers are neither employed nor managed – what else? This paper argues that a new production architecture...

Which firms relied on commercial banks for credit and which firms did not at the onset of the Great Depression would seem to be an important question given the vast literature discussing banking distress in the United States during the 1930s. The question, however, has not been answered. This...