Similarities and differences in human resource management in the European Union

This study explores similarities and differences in human resource management (HRM) in the European Union (EU). Common factors in the development of European HRM are the importance of consultation, the emergence of flexible work patterns, the role of work and the employer in the life of employees, and the introduction of the Euro. National, company, and regional factors create divergence in European HRM. National factors include societal hierarchy, different cultures and mental models, societal structure, and language. Company factors include size of companies, public versus private, and multinational or local. Regional factors differentiate along north‐south and east‐west axes. The EU had relatively little impact on HRM in terms of harmonization of labor and tax laws but had major impact on the opening up of markets to foreign competition and privatization of public sector companies. While cultural diversity remains strong, the influence of large multinational companies may lead to more regional integration in the practice of HRM. European HRM is much more comfortable operating in a polycentric mode than U.S. HRM, which seeks universality and standardization. © 2003 Wiley Periodicals, Inc.     

Are the self-employed really jacks-of-all-trades? Testing the assumptions and implications of Lazear’s theory of entrepreneurship with German data

Using a large representative German data set and various concepts of self-employment, this paper tests the “jack-of-all-trades” view of entrepreneurship by Lazear (Am Econ Rev 94(2): 208–211, 2004). Consistent with its theoretical assumptions we find that self-employed individuals perform more tasks and that their work requires more skills than that of paid employees. In contrast to Lazear’s assumptions, however, self-employed individuals do not just need more basic but also more expert skills than employees. Our results also provide rather limited support for the idea that human capital investment patterns differ between those who become self-employed and those ending up in paid employment.     

Mapping the Ethicality of Algorithmic Pricing: A Review of Dynamic and Personalized Pricing

Journal of Business Ethics - Firms increasingly deploy algorithmic pricing approaches to determine what to charge for their goods and services. Algorithmic pricing can discriminate prices both...     

Gemeinschaftsdiagnose: Pandemie verzögert Aufschwung — Demografie bremst Wachstum

Wirtschaftsdienst - Das erste Jahr der Corona-Pandemie stand in Deutschland im Zeichen extremer Schwankungen der ökonomischen Aktivität und einer massiv gelähmten Binnenwirtschaft....     

GST Compliance in the New Zealand Property Sector

Different schemes used in property transactions raised concern in New Zealand that insufficient goods and services tax (GST) was being paid on the sale of property. To improve tax compliance in the property sector, various measures have been undertaken. Tax auditing of property transactions has been strengthened since 2007 and in 2009 the government issued a discussion document that proposed a legislative solution to some specific GST problems. Moreover, several court cases have ruled against abusive GST schemes. This paper estimates the impact on GST collection and compliance in the property sector following these actions. The findings suggest that GST compliance in the property sector has increased.     

From joint to single audits – audit quality differences and auditor pairings

This study analyses audit quality differences between audits by a single big audit firm and joint audits with either one or two big audit firms. We exploit the unique situation in Denmark beginning on 1 January 2005, at which time a long-standing mandatory joint audit system for listed companies was replaced by a voluntary joint audit system. First, we report the results of a survey of Danish CFOs’ views on and their experiences with the choice of single or joint audits and their perceptions of audit quality. Second, based on data from the mandatory joint audit abolition year and the following two years, we test the audit quality differences using abnormal accruals. Most CFOs perceive that audit quality by a single big four audit firm is the same as it is in joint audits with either one or two big four audit firms. The results of our empirical analysis are in line with the perceptions. We find no evidence of audit quality differences between audits made by a single big four firm and those conducted by either of the two combinations of joint audits.     

Equity market integration in the Asia Pacific region: Evidence from discount factors

The paper investigates stock market integration among 10 economies in the Asia Pacific region over the period April to May 2006 based on a recently developed technique that relies on estimating expected discount rates; see [Flood and Rose, 2005a] and [Flood and Rose, 2005b]. The results show a limited but varying degree of stock market integration among the 10 economies. Membership in a formal economic organization does not seem to affect the degree of integration.     

Aufschwung verliert an Fahrt – Weltwirtschaftliches Klima wird rauer

The economic upturn in Germany is entering its sixth year but is losing momentum due to both demand and supply side factors. On the one hand, Germany’s key sales markets have weakened in line with the slowdown in world trade. On the other hand, a growing number of firms face production side bottlenecks, especially in terms of labour and sourcing intermediate goods. This coincides with problems in the automotive industry related to the introduction of the new World Harmonised Light Vehicle Test Procedure (WLTP), which has affected gross domestic product (GDP) growth due to the branch’s economic weight. These adjustment problems, however, should be overcome over the course of the winter. Fiscal stimuli will also take effect as of the beginning of 2019. After 1.7 % growth this year, GDP will increase at rates of 1.9 % in 2019 and 1.8 % in 2020.