Die Diskussion um die Einführung einer 4-Tage-Woche in Deutschland ist von kontroversen Ansichten geprägt: Die einen sehen sie als den Weg zu einer modernen und produktiveren Arbeitswelt, die anderen befürchten wirtschaftliche Nachteile und eine Verschärfung des Arbeitskräftemangels. Der...

Large organizations often require employees to collaborate with others who may see the world differently. Yet, little is known about whether misalignment in personal values with managers or colleagues affects performance. Using survey and administrative data from a world-leading bank, we find...

Sexuelle Belästigung ist eine substanzielle Belastung für die direkt Betroffenen und ihr (Arbeits-)Umfeld - und damit potenziell auch eine wirtschaftliche Belastung für Betriebe. Wie verbreitet sexuelle Belästigung und präventive Maßnahmen in Betrieben sind, wurde dennoch bisher nicht...

We employed a sample of Chinese A-listed firms from 2015 to 2021 and attempted to shift career embeddedness literature to the CEO's domain by theorizing how CEOs' career embeddedness influences their strategic choices, especially "going green". Drawing on human capital theory, upper echelon...

In this study, we focus on managerial incentives provided by debt-like compensation and further investigate whether and to what extent such managerial incentives may affect CEOs' decisions on risk management. Building on cumulative prospect theory and instrumental stakeholder theory, we propose...

This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...

This Brief examines issues related to women's participation as workers, top managers, and owners of private firms in 27 European Union countries (EU-27), using the rich database of the World Bank Enterprise Surveys. The analysis focuses on EU regions varying between about 800,000 and 3 million...

This report builds on a joint WHO-World Bank initiative on budget execution challenges (described in more detail in Appendix 1). Following the introduction, section 2 provides an overview of core concepts from both a public financial management perspective and a health financing perspective and...

Purpose The aim of this article is to highlight the major part played by executives in the escalation of corporate social irresponsibility (CSI). Based on the upper echelons theory, the authors developed a model which shows the essential role of CEOs in explaining CSI. The authors proposed that...

Purpose This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders, namely, state and influential businessmen. Design/methodology/approach Managerial power is divided into...

How does manager quality affect subordinates' career progression? We examine the causal effect of manager quality on workers' career outcomes in the context of managerial teams at a large construction firm. We exploit quasi-random variation in worker-manager matching through frequent project...

We examine the relationship between returnee chief executive officers (CEOs) and audit fees in China using robust econometric modeling with 25,630 firm-year observations between 2008 and 2020. A returnee CEO is a Chinese CEO who has previously worked or studied outside mainland China. Consistent...

We investigate the impact of tax-related human capital (THC) on corporate financial reporting aggressiveness. Using the presence of former or current tax officers from tax authorities on a firm's board of directors as a proxy for THC, we find that firms with tax officer directors report their...

This study investigates whether and how managers respond to major negative news by increasing the information content of their MD&A disclosures. We predict that major negative news influences managers' disclosure decisions by increasing legitimacy pressures and reducing opportunities to obscure...

In the context of differentiated governance and the deepening market-oriented reform of compensation in China, we divide state-owned enterprises (SOEs) into four categories according to their equity structure, namely absolute holding firms, relative holding firms, major impact firms and equity...