Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...

The aim of the paper is to present a conceptual framework which explores the application of relationship marketing in the maritime sector and especially the factors affecting shipping companies and ship-brokers’ partnerships. In particular, this survey illustrates the relations among...

This study investigates contracting mechanisms in situations of opportunistic disputes between organizations. We specifically explore the relationships between the formal versus informal nature of opportunism and the formal versus informal nature of contractual governance. We use a unique data...

Michael John untersucht das ausbalancierte Verhältnis von Vertrauen und Kontrolle zur Sicherstellung von Kooperationserfolg und Kooperationszufriedenheit in interdisziplinären Forschungsverbünden. Er zeigt, dass Vertrauen einen zweifachen Sonderstatus innehat, da es einerseits den positiven...

The purpose of this article is to examine whether R&D expenditure is biased downwards because of self-serving behavior of highly incentivized managers. This offers an insight into the general relationship between incentives and opportunism. Using instrumental variables and panel data methods for...

Die Studie erörtert Chancen und Risiken, die mit der Anwendung der Unternehmensführungsstrategie CSR (Corporate Social Responsibility) verbunden sind. Eine Vielzahl an Gefahren in CSR-aktiven Unternehmen - darunter das Risiko des Greenwashings - werden identifiziert, systematisiert und...

This dissertation consists of three experimental studies that aim at contributing to a better understanding of behavior within contractual relationships—in particular, if information asymmetries, incentive issues and a lack of formal institutions make exchange more difficult and risky....

Die Studie erörtert Chancen und Risiken, die mit der Anwendung der Unternehmensführungsstrategie CSR (Corporate Social Responsibility) verbunden sind. Eine Vielzahl an Gefahren in CSR-aktiven Unternehmen - darunter das Risiko des Greenwashings - werden identifiziert, systematisiert und...

Die Studie erörtert Chancen und Risiken, die mit der Anwendung der Unternehmensführungsstrategie CSR (Corporate Social Responsibility) verbunden sind. Eine Vielzahl an Gefahren in CSR-aktiven Unternehmen - darunter das Risiko des Greenwashings - werden identifiziert, systematisiert und...

Scientific information is elementary for human development processes. The creation and control of information may be an important determinant of development, and besides creating a competitive advantage, also result in increasing disparities in economic and social development. Challenges in the...

In der Mitbestimmungsdebatte der 2000er Jahre überraschten die Führungskräfte vieler Großunternehmen mit positiven Äußerungen zur Unternehmensmitbestimmung. Damit widersprachen sie den Forderungen ihrer Verbände, die sich dafür einsetzten, die paritätische Mitbestimmung abzuschaffen und...

In der Mitbestimmungsdebatte der 2000er Jahre überraschten die Führungskräfte vieler Großunternehmen mit positiven Äußerungen zur Unternehmensmitbestimmung. Damit widersprachen sie den Forderungen ihrer Verbände, die sich dafür einsetzten, die paritätische Mitbestimmung abzuschaffen und...

The lack of flexibility in public procurement design and implementation reflects public agents' political risk adaptation to limit hazards from opportunistic third parties - political opponents, competitors, interest groups - while externalizing the associated adaptation costs to the public at...

The hold-up problem, a form of opportunism, has been the subject of much investigation by researchers in fields such as economics or accounting. Despite contractual protections, hold-ups still occur, and firms and researchers continue to search for ways to avoid them and to encourage firms to...

Using a novel dataset that tracks daily changes in hedge fund fee structure, we examine the determinants and consequences of changes in the three components of the fee structure, namely the management fee, incentive fee, and the high-water mark provision. We find that funds respond symmetrically...

The lack of flexibility in public procurement design and implementation reflects public agents' political risk adaptation to limit hazards from opportunistic third parties - political opponents, competitors, interest groups - while externalizing the associated adaptation costs to the public at...

We examine how electoral motives influence active labor market policies that promote job-creation. Such policies reduce unemployment statistics. Using German state data for the period 1985 to 2004, we show that election-motivated politicians pushed job-promotion schemes before elections. --...

We examine the determinants and consequences of changes in hedge fund fee structures. We show that fee changes are asymmetric with much greater incidence of fee increases compared to fee decreases. We find that managers of younger and smaller funds are more likely to increase fees after good...

We examine the determinants and consequences of changes in hedge fund fee structures.We show that fee changes are asymmetric with much greater incidence of fee increasescompared to fee decreases. We find that managers of younger and smaller funds are morelikely to increase fees after good...