Osterloh Margit
Am Beispiel der Schweizer Justizinitiative zeigen wir auf, dass eine qualifizierte Losauswahlkeineswegs irrational ist, sondern zu ei ner Rationalität auf einer übergeordneten, institutionellen Ebene führen kann. Sie erhöht die Wahrsche...
Women remain underrepresented at the upper echelons. An aversion to competition has beensuggested as a factor that discourages women from applying for top jobs. This paper reviews the research showing that high-ability females compete less ...
We propose an immigration policy based the model of cooperatives. Incoming migrants haveto acquire a participation certificate. In exchange, the immigrants may enter the country of choice without danger. The revenue goes to the country of t...
Under certain conditions, output related performance measurement and pay-for-performance producenegative outcomes. We argue that in public service, these negative effects are stronger than in the private sector. We combine Behavioural Econo...
Research rankings based on publications and citations today dominategovernance of academia. Yet they have unintended side effects on individual scholars and academic institutions and can be counterproductive. They induce a substitution of t...
Management research has long focused on for-profitorganizations that produce privately owned resources based on central authority and within well-defined boundaries. In recent times, a new kind of enterprise has emerged that we call Communi...
Die erfolgreiche Internet-Enzyklopädie Wikipedia demonstriert das Potential alternativer Produktionsmodelle für bedeutende Innovationen, die mit traditionellen Methoden nicht erreichbar sind. Sie arbeitet einerseits mit einem barrierefrei...
Academic rankings today are the backbone of research governance, which seem to fit theaims of "new public management" on the one side and the idea of the "republic of science" on the other side. Nevertheless rankings recently came under scr...
Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective...
You Pay a Fee for Strong Beliefs: Homogeneity as a Driver
of Corporate Governance Failure
Publication
Archived
The financial crisis made apparent the fact that managers and the boards of banks had failed to see the implications of irrational behavior and had ignored the risk associated with group think. Taking data from Switzerland our study shows t...
CEO Appointments and the Loss of Firm-specific Knowledge –
Putting Integrity Back into Hiring Decisions
Publication
Archived
A rarely studied trend in corporate governance is the increasing tendency to fill CEO openings through external hires rather than through internal promotions: Kevin J. Murphy and Ján Zábojník (2004) show that the proportion of outside hi...
Determinants of Directors? Pay in Switzerland:
?Optimal-Contract? versus ?Fat Cat? Explanation
Publication
Archived
Director compensation has become a fashionable topic: Cross-nationally, the earnings of executives and non-executive directors have risen significantly in recent years. Academic literature offers two hypotheses for this trend, a ?fat cat? a...
Research evaluation is praised as the symbol of modern quality management. We claim firstly, performance evaluations in research have higher costs than normally assumed, because the evaluated persons and institutions systematically change t...
The most influential approach of corporate governance, the view of shareholders supremacy does not take into consideration that the key task of modern corporations is to generate and transfer firm-specific knowledge. It proposes that, in or...
Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. These scandals cause an enormous amount of damage, not only to the companies affected, but also to the market economy as a whole. As a soluti...
Does Open Source (OS) represent a new innovation model, and under what conditions can it be employed in other contexts? A look into history shows that OS isn?t a unique example of what is called ?collective invention?. Other examples are bl...
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 performan...
The Rationality of Qualified Lotteries
Publication
The most influential theory of corporate governance, principal agency theory, does not take into consideration that the key task of modern corporations is to generate and transfer firm-specific knowledge. It proposes that, in order to overc...