Neue technologische Möglichkeiten und ein verschärfter globaler Wettbewerb erhöhen den Druck auf Unternehmen und zwingen sie dazu, ihren eingeschlagenen Weg zu überdenken. Diese Entwicklung wird von demographischen Veränderungen und einem fundamentalen Wertewandel in der Gesellschaft...

In this paper the authors focus on aspects neglected in organizational economics. They seek to complement it by an approach, which makes motivation an endogenous variable to management. They introduce a dynamic relationship between extrinsic and intrinsic motivation into the theory of the firm.<

Corporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot be...

Corporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot...