(Working Papers SES ; 449)
Cet article analyse les rémunérations des dirigeants des sociétés suisses cotées en bourse entre 2007 et 2012. Dans un premier temps, nous exposons les différentes composantes du revenu ainsi que le rôle de chaque élément avant de jeter un regard critique sur le contenu informationnel des rapports de gestion en matière de rémunération. Nous présentons ensuite le contenu de la base de...
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(Working Papers SES ; 448)
The present article proposes a new approach to compare mobile communication service prices among different communications service providers. To this end, a hedonic model based on monthly phone bills is employed that relates billed amounts and the quantities of consumed mobile communication services. A linear hedonic regression model is separately estimated for each provider and then used to...
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(Working Papers SES ; 447)
The number of expatriates from global firms has been continuously increasing over the past decades as multinational companies still view expatriation as an important tool for sharing and transferring knowledge, controlling subsidiaries and developing workforce competencies. Expatriate management is still a costly and complex task for multinational companies. Adjustment, which has been defined as...
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(Working Papers SES ; 446)
Performance is the lifeblood of a firm's management. Performance itself depends on the adaptation of strategy, based on learning and the environment. An important way that firms adapt their strategy is through imitation or mimetic isomorphism. Imitation implies a referent for such adaptations. This article seeks to determine who or what should serve as that referent. Accordingly, this research...
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(Working Papers SES ; 445)
Les études sur les carrières de dirigeants ou top managers visent traditionnellement à souligner les influences des cadres institutionnels nationaux sur les parcours de carrières. Plus rares sont les études portant sur les carrières de top managers internationaux. Bien que la figure du manager international ait été l'objet de recherche de plusieurs études issues de disciplines...
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(Working Papers SES ; 444)
Until today there is a research gap considering the question, what motivates a member to enter or leave a co-op, resp. what are the reasons to stay in a co-operative. The majority of studies about this topic mainly focus on economic factors and the rational behavior of the member. However, co-ops also have other purposes not associated with financial goals. The presented paper is proposing a new...
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(Working Papers SES ; 443)
This article examines founding family influence on pay-out policies for Swiss listed firms over the period 2003-2010. We find that founding family firms have higher dividends and total pay-outs than non-family firms. There is no significant difference between stock repurchases for the two types of firms. We show that specific firm characteristics such as active involvement of family members, the...
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(Working Papers SES ; 442)
Trust in the citizens of a potential partner country may affect the decision to trade with or to migrate to a foreign country. This paper employs panel data to examine the causal impact of such bilateral trust on international trade and migration patterns. We apply instrumental variables (IV) approaches that capture the exogenous variance of bilateral trust separately with eight indicators of...
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(Working Papers SES ; 441)
We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that firms face capital adjustment costs. Our analysis highlights heterogeneous welfare effects of labor...
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(Working Papers SES ; 440)
Spenden sammelnde Organisationen besitzen beträchtliche und in der Praxis eher unterschätzte Freiheitsgrade in der Bestimmung ihres Finanzierungsmix. Der Beitrag erläutert im ersten Schritt sieben verschiedene Kalküle, die bei der Festlegung des angestrebten Mix aus privaten Spenden, öffentlichen Beiträgen und Leistungsentgelten eine Rolle spielen können. Im zweiten Teil wird auf Basis...
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