Rost Katja
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...
The rise in executive compensation has triggered a great amount of public controversyand academic research. Critics have referred to the salaries paid to managers as 'pay without performance', while defenders have countered that the large s...
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...
Publication and citation rankings have become major indicators of the scientific worth of universities and countries, and determine to a large extent the career of individual scholars. We argue that such rankings do not effectively measure ...
The Rationality of Qualified Lotteries
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