Zusammenfassung In dieser Arbeit werden die verschiedenen Anreize für Manager zur Durchführung von Innovationsprojekten im Vergleich zu denjenigen von Unternehmenseignern untersucht. Für einen Manager bestehen gegenläufige Anreize Innovationen intensiver oder weniger intensiv zu verfolgen...

This study examines differences in employment growth between firms with and without works councils by separating introduction effects from potential selectivity effects. Using a difference in differences framework, we show that firms with works councils have higher employment growth before...

Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...