The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...

In this paper we develop optimized localization strategies for multinational firms to over-come their liability of foreignness by adding a regional dimension. We explore concep-tually whether economic stress in a region has a mitigating or reinforcing effect. We test his analytical framework...

In the German automobile industry the vertical integration, as an indicator of value added, is on average low. Beyond the argument of relative high labour costs for manufacturing, several specific reasons for the level of vertical integration, linked to the flexibility of business administration...

It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...

This study represents a multi-method, multi-source, and longitudinal evaluation of a leadership development program in Germany. For the development of transformational leadership, the methods of leadership feedback, training, and coaching were combined into a program. The effects of this program...

The relevance of environmental activities has increased both in research and practice. Yet, there is only little systematic insight into such activities of firms, particularly regarding human resource management aspects. This study improves the empirical knowledge for the manufacturing sector,...

Wenngleich die genaue Zahl der mittelständischen Unternehmen in Deutschland durchaus umstritten ist, so wird doch auf jeden Fall zunächst einmal der Handlungsbedarf im Bereich der Unternehmensnachfolge deutlich. Denn nahezu jede Übernahme eines bestehenden Unternehmens erfordert ein...

"Nachfolgeregelung durch Unternehmenskauf - Werkzeuge für die Bewertung und Finanzierung kleiner und mittelständischer Unternehmen im Rahmen einer externen Nachfolge" - die Themenstellung dieser Arbeit enthält zwei Schwerpunkte aus dem Gesamtprozess der Unternehmensnachfolge durch Verkauf: -...

Globalization has led to exciting new business opportunities around the globe. Still, national and cultural boundaries have not evaporated into a "borderless world". Several studies have identified so-called liabilities of foreignness that arise from a lack of embeddedness and roots in the host...

Recent Internet technologies and web-based applications, such as social software, are being increasingly applied in firms. Social software can be employed for knowledge management and for external communication enabling access to internal and external knowledge. Knowledge in turn constitutes one...