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Kraft, Kornelius; Stank, Jörg; Dewenter, Ralf - 2009

-determination slows down technological progress and reduces innovativeness. -- Co-determination ; innovation ; patents …

Persistent link: https://www.econbiz.de/10009517154

Discrete innovation, continuous improvement, and competitive pressure

Ghosh, Arghya (contributor); Kato, Takao (contributor); … - 2007

Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … innovation will lead to a much richer understanding of the interplay between firms’ incentives to innovate and competitive …

Persistent link: https://www.econbiz.de/10003571666

Separating introduction effects from selectivity effects : the differences in employment patterns of co-determined firms

Gralla, Rafael; Kraft, Kornelius - 2012

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...

Persistent link: https://www.econbiz.de/10009672324

High performance work practices and employee voice : a comparison of Japanese and Korean workers

Bae, Kiu-sik; Chūma, Hiroyuki; Kato, Takao; Kim, Dong-bae - 2010

Using a unique new cross-national survey of Japanese and Korean workers, we report the first systematic evidence on the effects on employee voice of High Performance Work Practices (HPWPs) from the two economies which are noted for the wide use of HPWPs. We find for both nations that: (i)...

Persistent link: https://www.econbiz.de/10003966964

How do labor representatives affect incentive orientation of executive compensation?

Dyballa, Katharina; Kraft, Kornelius - 2016

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...

Persistent link: https://www.econbiz.de/10011526742

Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges

Kato, Takao (contributor); Long, Cheryl (contributor) - 2005

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...

Persistent link: https://www.econbiz.de/10003225948

Executive compensation, firm performance, and chaebols in Korea : evidence from new panel data

Kato, Takao (contributor); Kim, U-chʾan (contributor); … - 2005

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

Persistent link: https://www.econbiz.de/10003225965

CEO turnover, firm performance and enterprise reform in China : evidence from new micro data

Kato, Takao (contributor); Long, Cheryl (contributor) - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

Persistent link: https://www.econbiz.de/10003253453