Können Unternehmen durch Cluster Wettbewerbsvorteile realisieren? Eine ressourcenbasierte Analyse des Uhrenclusters Glashütte

Single firms as parts of clusters are in the focus of this paper. They are analysed with regard to their contribution to the generation of firm- and cluster-specific competitive advantages. The resource-based view is extended to ensure applicability in cluster research. This approach serves as the basis for the analysis of a case study undertaken in 2008 in the watch cluster in Glashütte, Germany.     

Between advocacy,compliance and commitment: A multilevel analysis of institutional logics in work environment management

In this study we explore the development and enactment of institutional logics in the field of work environment management. We show how three historically developed logics constitute different values and practices that guide professionals’ organizational action. Using both historical and contemporary qualitative data, we show how the three institutional logics are present in the field of work environment, and how the logics are enacted simultaneously by actors within four large organizations in Denmark. The study contributes to the literature on institutional logics. The logics perspective is combined with critical realism to describe the inter-relatedness between the levels of society, institutional fields, and organizations, and by elaborating the near-decomposable relations between institutional logics and orders. The study contributes to the literature on work environment management by investigating the ideational lenses through which regulations and interventions are perceived by organizational actors, and how these perceptions may lead to different organizational outcomes and outlooks in work environment management.     

Optimal Taxation of Bequests in a Model with Initial Wealth*

We formulate an optimal‐taxation model where parents leave bequests to their descendants for altruistic reasons. In contrast to the standard model, individuals differ not only in earning abilities, but also in initial (inherited) wealth. In this model, a redistributive motive for an inheritance tax – which is equivalent to a uniform tax on all expenditures – arises, given that initial wealth increases with earning abilities. The introduction of the inheritance tax either increases intertemporal social welfare or has an ambiguous effect, depending on whether the external effect related to altruism is accounted for in the social objective.     

Stock repurchases and treasury share sales: Do they stabilize price and enhance liquidity?

Can companies reduce the volatility and increase the liquidity of their stocks by trading them? In the context of the Italian stock market, where companies have far more leeway to sell as well as buy their own stocks than in the U.S., the answer is yes. We examine the effects of trading (open-market share repurchases and treasury shares sales) on liquidity (bid-ask spread) and volatility (return variance). Further, we examine the impact of shareholder approvals of repurchase programs on liquidity and volatility. We find clear evidence that trading increases liquidity and reduces volatility. These results are consistent with our analysis of the motives Italian companies give for making share repurchases.     

Perspectives on Disability Disclosure: The Importance of Employer Practices and Workplace Climate

Disclosing a disability to a potential or current employer is a very personal decision, with potentially far-reaching consequences for both the employer and employee. Disability disclosure can assure that employees receive appropriate workplace accommodations, and can help employers respond more effectively to diversity and inclusion initiatives aimed at increasing the hiring and retention of individuals with disabilities. However, disclosure may also result in negative employment consequences for employees, such as lowered supervisor expectations, isolation from co-workers, and increased likelihood of termination. Given demographic trends related to disability in the labor force and recent initiatives to increase the employment of individuals with disabilities, it is increasingly important that employers create an environment that encourages disclosure and reduces the likelihood of negative consequences for employees and applicants who disclose their disabilities. This paper presents the findings of a survey of individuals with disabilities focused on identifying and better understanding the factors that influence the disclosure decision. Results highlight the barriers and facilitators that influence individuals’ decision to disclose and the important role that employers, managers, and workplace climate play in the decision. Implications for employer policy and practice are also discussed.     

Infinitely repeated games with public monitoring and monetary transfers

This paper studies infinitely repeated games with imperfect public monitoring and the possibility of monetary transfers. It is shown that all public perfect equilibrium payoffs can be implemented with a simple class of stationary equilibria that use stick-and-carrot punishments. A fast algorithm is developed that exactly computes the set of pure strategies equilibrium payoffs for all discount factors.     

Students’ knowledge of emerging technology and sustainability through a design activity in technology education

International Journal of Technology and Design Education - The purpose of this study is to explore whether, and if so how, a design activity could encourage students to express and develop...     

Debtfarism and the Violence of Financial Inclusion: The Case of the Payday Lending Industry

The official development literature is replete with studies about the alleged benefits of financial inclusion in reducing poverty in the global South. Few analyses have sought to critically explore advanced forms of financial inclusion in the global North, particularly with regard to the highly lucrative and controversial payday lending industry in the USA. This article fills this void by examining the political economic landscape of payday lending in Ohio. In contrast to the mainstream literature, our analysis suggests that the payday lending industry is not a natural feature of the market that has led to universal benefits for all. Instead, we argue that payday lending not only benefits private creditors at the expense of the working poor, but also that the latter have been made to rely on these expensive loans to meet basic subsistence needs largely through the structural violence of labor market restructuring and neoliberal forms of governance, such as workfarism and ‘debtfarism.’