Das neue Pflegezeitgesetz

Zusammenfasung  Chancen und Risiken — Am 1. Juli 2008 ist das neue Pflegezeitgesetz in Kraft getreten als Bestandteil der Mitte M?rz beschlossenen Pflegereform. Damit haben Berufst?tige die M?glichkeit, sich für die Pflege naher Angeh?riger in h?uslicher Umgebung freistellen zu lassen. Diese Verbesserung für Besch?ftigte, kann sich für Personalverantwortliche in Krankenh?usern und Heimen, aber auch für kleine Pflegedienste nachteilig auswirken.     

Aktuelle Entwicklungen und Best Practices aus Finanzen und Controlling

Ohne Zusammenfassung     

The Phillips Curve, the IS Curve and Monetary Transmission: Evidence for the US and the Euro Area

In this paper we assess the empirical performance of commonlyused empirical specifications of the baseline New Keynesianmodel for the US and the euro area. We estimate standard specificationsof the model and extended specifications also including non-standarddeterminants of aggregate supply and demand. The results suggestthat based on the standard specifications it is often not possibleto establish a significant link between the monetary policyinstrument and output and inflation. Based on the extended specificationsof the model, which take into account the significant effectof commodity prices on inflation and of house prices on theoutput gap, we are generally able to restore a significant monetarytransmission channel. (JEL E3, E52, C22)     

Linking employer branding orientation and firm performance: Testing a dual mediation route of recruitment efficiency and positive affective climate

Faced with competitive labor markets, firms increasingly use employer branding to build a qualified workforce and engage their employees. However, our understanding of the impact of employer branding orientation on firm performance and the theoretical firm-level mechanisms underlying this potential impact is very limited. To address this gap, we integrate brand marketing theory with human resource management (HRM) research to develop a model explicating how employer branding orientation is linked to firm performance through a dual route by enhancing both recruitment efficiency (i.e., external route: applicants) and positive affective climate (i.e., internal route: incumbent employees). The results of a multisource study (i.e., top management, human resource managers, employees) with 93 firms show employer branding orientation is positively related to firm performance through positive affective climate but not recruitment efficiency. Using a brand equity approach to HRM, our results advance the literature by demonstrating the generalizability of employer branding effects independent of concrete brand attributes and explaining the firm-level mediating mechanisms linking it to firm performance.     

Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area

Abstract. This paper analyzes the dynamic response of loans to the private sector and of economic activity to aggregate supply, demand and monetary policy shocks in Germany and the euro area based on a standard macroeconomic VAR using sign restrictions to identify the structural shocks. The main results of this analysis are that (i) with the exception of the response to the supply shock in Germany, the response of loans to the three macroeconomic shocks is rather weak and in most cases insignificant; (ii) the 2000–05 credit slowdown and weak economic performance in Germany were primarily driven by adverse supply shocks; and (iii) the marked slowdown in credit creation in Germany over this period actually represents a realignment of the outstanding stock of loans with its deterministic level. In order to assess the role of bank lending in the transmission of macroeconomic shocks, we further perform counterfactual simulations and analyze the dynamic responses of German loan subaggregates in order to test the distributional implications of potential credit market frictions. These exercises do not indicate that credit market frictions play an amplifying role in the transmission of macroeconomic fluctuations.     

The Carrot or the Stick: Self-Regulation for Gender-Diverse Boards via Codes of Good Governance

Journal of Business Ethics - Scholars have emphasized the potential of self-regulation, realized through ‘codes of good governance’, to improve gender diversity on boards. Yet,...     

Women are scaredy-cats and men are conquerors?

The European legal framework requires that financial consultants assess their clients’ risk tolerance before advising them on investments. The study aims at further testing an alternative measure to quantify the risk attitudes of investors: The Implicit Association Test (IAT). This study examines differences in implicit, unconscious, and explicit cognitive attitudes of men and women. The results of the IAT are compared with their answers from a risk tolerance questionnaire used by practitioners and self-selected asset allocation (portfolio). The data show that implicit attitude, and, thus, unconscious and uncontrolled thinking, can differ from conscious processes. Furthermore, in this study, there is no gender gap in risk attitude and risk tolerance. The findings suggest that experience and financial knowledge are likely the most important determinants of risk attitudes with no significant difference between men and women.