Was the 2007 crisis really a global banking crisis?

We argue that the 2007 crisis was not a global banking crisis. Stock prices of banks in emerging countries faced a temporary shock but quickly recovered, while stock prices of banks located in industrial countries remained much lower than before the 2007 crisis. Our results also suggest that stock prices of large banks were affected more during the crisis than those of small banks. We also find that managerial efficiency, loan quality, leverage, and the volume of outstanding loans affect bank stock prices.     

What Was ‘New’ About Neoliberalism?

This article advances an interpretation of the core contribution of neoliberalism to the liberal tradition. At the hands of neoliberal thinkers, the classical liberalism of Locke, Smith and Mill underwent a reconstruction involving certain re‐conceptualisations of individual and political freedom, which served to shift the crux of the case for classical liberalism from market success propositions to government failure propositions.     

Motivationsf?rderung durch anreizsysteme im target costing

Die erfolgreiche Gestaltung eines Anreizsystems erfordert die Kenntnis wesentlicher motivationstheoretischer Grundlagen. Wesentliche Anforderungen an ein Anreizsystem für das Target Costing (TC) sind dessen Flexibilit?t, Leistungsorientierung, Motivationsf?rderung und Wirtschaftlichkeit. Durch organisatorische Gestaltungsma?nahmen kann die Entfaltung intrinsischer Anreize im Rahmen von TC-Projekten gef?rdert werden. In Bezug auf die Gestaltung der extrinsischen Anreize sind deren Struktur, die Beurteilungskriterien sowie der Ausschüttungsmodus wesentliche Strukturvariablen.     

Was eigentlich ist „gutes“ Personalmanagement? Einige Anregungen zur Professionalisierungsdebatte

It seems to be a simple question: What is meant by professional and successful human resource management? Finding a serious and theoretically grounded answer, which is empirically proved, turns out to be quite complicated. There is a long history of research in human resource management: Many debates at conferences facing the improvement of human resource management have been held. Lots of publications by practitioners, consultants and academics have been written. But there is still no concrete answer found which meets the demand for rigor und relevance.