Die Rolle der Arbeitnehmervertreter im Aufsichtsrat wurde vielfach untersucht, sowohl theoretisch als auch empirisch. Studien zu den Effekten der Unternehmensmitbestimmung betrachten die Arbeitnehmervertreter im Aufsichtsrat dabei häufig als „homogene Bank“ und rücken deren Rolle als...

In der vorliegenden Arbeit wird eine modelltheoretische Untersuchung der verschärften sogenannten Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG anhand der Turniertheorie vorgenommen. Hierzu wird ein Modell entwickelt, um mögliche ökonomische Auswirkungen der Verminderung...

I analyze how boards of directors with heterogeneous preferences can affect the information shared with the CEO with the help of a cheap-talk model that allows for large groups of receivers. This paper provides new insights on how heterogeneity of boards can change the way of communication...

This paper examines the possibility of reducing executive compensation following the German VorstAG. To examine the potential economic impact of the reduction, a tournament model is introduced. The model shows some implications on the decisions of the Executive Board and Supervisory Board.

I analyze how boards of directors with heterogeneous preferences can affect the information shared with the CEO with the help of a cheap-talk model that allows for large groups of receivers. This paper provides new insights on how heterogeneity of boards can change the way of communication...

In der vorliegenden Arbeit wird eine modelltheoretische Untersuchung der verschärften sogenannten Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG anhand der Turniertheorie vorgenommen. Hierzu wird ein Modell entwickelt, um mögliche ökonomische Auswirkungen der Verminderung...

A monopolist is treated as a nexus of contracts with team production. It has one owner-manager who is the employer of two employees. A team production problem is present if the employer is a “managerial lemon.” If the team production problem is solved, the employer is a “managerial...

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a managerial lemon. If the team production problem is solved, the employer is a managerial...

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a managerial lemon. If the team production problem is solved, the employer is a managerial...

A monopolist is treated as a nexus of contracts with team production. It has one owner-manager who is the employer of two employees. A team production problem is present if the employer is a “managerial lemon.” If the team production problem is solved, the employer is a “managerial...