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The Fama-French Five-Factor Model Plus Momentum: Evidence for the German Market Schmalenbach Business Review Pub Date : 2020-10-23 Philipp Dirkx, Franziska J. Peter
We implement the Fama-French five-factor model and enhance it with a momentum factor for the German market using recent monthly data from 2002 to 2019. We construct the factors associated with the market, size, value, profitability, investment, and momentum for the CDAX constituents and examine to what extent this six-factor model captures the return premia in the German market. Our preliminary analysis
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Special Section: Multidisciplinary Perspectives on Challenges in Managing Smart Products and Services Schmalenbach Business Review Pub Date : 2020-10-01 Nicola Bilstein,Christian Stummer
“The future will be characterized by smart devices delivering increasingly insightful digital services everywhere” predicts David Cearley, Gartner Distinguished Vice President Analyst (Panetta 2018). Today’s advances in information and communication technologies already allow transforming traditional consumer products into smart products and offering novel smart services (Dawid et al. 2017; Wünderlich
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Creating Value From Energy Data: A Practitioner’s Perspective on Data-Driven Smart Energy Business Models Schmalenbach Business Review Pub Date : 2020-09-23 Friedrich Chasin, Ute Paukstadt, Patrick Ullmeyer, Jörg Becker
Along the energy value chain where produced energy is delivered for consumption within individual households, physical devices are being replaced by smart and connected products referred to as the Internet of Things. These smart products generate large volumes of data that can enable new data-driven business models. In the energy sector, consumers produce data by consuming energy, which is monitored
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Mobile Location-Based Services’ Value-in-Use in Inner Cities: Do a Customer’s Shopping Patterns, Prior User Experience, and Sales Promotions Matter? Schmalenbach Business Review Pub Date : 2020-09-22 Stephanie Schwipper, Severine Peche, Gertrud Schmitz
Mobile location-based services (LBS) represent a promising opportunity for inner-city retailers and service providers to react to changes in customer behavior due to digitalization. To gain competitive advantages, mobile LBS must offer customers high value-in-use and help them reach their shopping goals during their inner-city visits. Shopping goals differ depending on shopping patterns; thus, these
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Mechanisms and Consequences of Anthropomorphizing Autonomous Products Schmalenbach Business Review Pub Date : 2020-09-15 Moritz Jörling, Robert Böhm, Stefanie Paluch
In the present research, we test the mechanisms (Studies 1a and 1b, conducted online), consequences, and limitations (Study 2, conducted in the lab) of anthropomorphizing autonomous (vs. manual) products. Building on previous theoretical and empirical research on product anthropomorphism, we argue and find that anthropomorphism is perceived to be more congruent with autonomous products than with manual
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It Takes More than Two to Tango: Identifying Roles and Patterns in Multi-Actor Smart Service Innovation Schmalenbach Business Review Pub Date : 2020-09-15 Jürgen Anke, Jens Poeppelbuss, Rainer Alt
Smart service systems enable innovative value propositions based on smart products and data-driven value creation. Grounded in service-dominant logic as our theoretical lens, we argue that smart service innovation takes place in ecosystems of collaborating actors, as a single actor does not possess all required resources and competencies. We empirically explore smart service innovation using an interview
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Organizational Rare Events: Theory and Research Practice Schmalenbach Business Review Pub Date : 2020-08-10 André Luis Silva, Márcia de Freitas Duarte, Flávia Plutarco
This paper conceptualizes organizational rare events and proposes a research methodology to explore them. To achieve this endeavour, we use case of the closure of CBA as an empirical field which allowed us to explore and discuss the theme. Existing literature suggests an organization rare event as an occurrence which presents a historical character and generates propagation in media and social mobilization
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Discussion of “The Market for Reviews: Strategic Behavior of Online Product Reviewers with Monetary Incentives” Schmalenbach Business Review Pub Date : 2020-07-02 Anna Ressi
In this note, I discuss the article of Dorner et al. who experimentally study the issue of generating high-quality online product reviews under two different incentive schemes. I first classify their work in the existing literature on marketing and information systems and highlight their contribution. I then argue that the existence of cognitive dissonance costs serve as a reasonable explanatory factor
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Special Section: Economic Analyses in Business Administration Schmalenbach Business Review Pub Date : 2020-07-01 Peter-J. Jost,Anna Rohlfing-Bastian,Alfred Wagenhofer
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Discussion of “Capital Market Equilibrium with Imperfect Competition: The Case of the ECB’s Asset Purchase Programme” by Koziol/Neus Schmalenbach Business Review Pub Date : 2020-06-16 Andreas Löffler
The current Corona crisis makes us almost forget that about eight years ago a severe euro crisis shook the financial markets. It was Mario Draghi who, with his nowwinged word of “whatever it takes”, made sure that market participants regained their confidence. However, it was not only the dictum that helped to strengthen the markets. Rather, the establishment of the Securities Markets Program, and
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Discussion of “Revisiting a Remedy Against Chains of Unkindness” Schmalenbach Business Review Pub Date : 2020-06-16 Ann-Kathrin Crede
Schnedler & Stephan experimentally investigate whether letter writing can interrupt chains of unkindness through emotional regulation. In the following commentary, I summarize and discuss their study.
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The Market for Reviews: Strategic Behavior of Online Product Reviewers with Monetary Incentives Schmalenbach Business Review Pub Date : 2020-06-16 Verena Dorner, Marcus Giamattei, Matthias Greiff
Customer reviews reduce search cost and uncertainty about a product’s quality. Hence, the quantity and quality of reviews has positive impacts on purchase intentions, sales, and customer satisfaction. In order to increase review quality, retailers and online platforms employ different monetary incentives. We experimentally compare two different incentive schemes: an incentive scheme in which reviewers
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Capital Market Equilibrium With Imperfect Competition: The Case of the ECB’s Asset Purchase Programme Schmalenbach Business Review Pub Date : 2020-05-27 Christian Koziol, Werner Neus
We set up a multiperiod, CAPM-type model with imperfect competition between investors in case of an additional price-insensitive market participant. The motivation for this additional actor comes from the ECB’s announcement to buy a substantial amount of securities “whatever it takes” which reflects the willingness to trade in a entirely price-inelastic way. Our model explains the effects on demand
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Project Stakeholder Management as the Integration of Stakeholder Salience, Public Participation, and Nonmarket Strategies Schmalenbach Business Review Pub Date : 2020-05-12 Hannah Charlotte Joos, Dodo zu Knyphausen-Aufseß, Ulrich Pidun
Despite the increasingly active role of civic actors, there is often no possibility for them to participate in project planning and decision-making. This discrepancy leads to costly conflicts and even failures. Unfortunately, the literature on project stakeholder management does not have sufficient theoretical substantiation to address this issue. To fill this knowledge gap, we integrate the concepts
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Revisiting a Remedy Against Chains of Unkindness Schmalenbach Business Review Pub Date : 2020-05-12 Wendelin Schnedler, Nina Lucia Stephan
Previous experiments observe a chain of unkindness: unkindly treated people treat an innocent third party unkindly. As a remedy, it has been proposed that the unkindly treated person engages in emotional regulation by writing a letter to the unkind person. Indeed, subjects who received little money were willing to leave more to a third person when they were writing a letter rather than waiting. Here
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Valuation Techniques Under Construction—About the Dissemination of the CAPM in German Judicial Valuation Schmalenbach Business Review Pub Date : 2020-05-06 Tobias Quill
Valuation techniques, such as discounted cash flow and multiples, are applied in transactions and are also relevant for accounting, tax, and litigation issues. Within these and other valuation purposes, the techniques are crucial for “social interactions” like market processes and legal affairs. We examine this “social dimension” of business valuation and look especially at the advancement of valuation
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Corporate Social Responsibility and Employees Motivation—Broadening the Perspective Schmalenbach Business Review Pub Date : 2020-05-05 Jennifer Kunz
The impact of Corporate Social Responsibility (CSR) on firm performance is an important issue in organizational research and has been discussed for decades. Only lately, scholars turned their attention towards aspects on an individual level, like the relation between CSR and work satisfaction or work engagement. However, still our understanding of how CSR activities shape organizational outcomes by
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Monitor or Advise? How Family Involvement Affects Supervisory Board Roles in Family Firms Schmalenbach Business Review Pub Date : 2020-04-24 Dominik van Aaken, Maximilian Göbel, Daniel Meindl
This paper examines how the involvement of family members in family firms affects the roles of supervisory boards in two-tier board systems. Taking an agency and resource-based perspective, we argue that the occurrence of monitoring and advisory tasks of the board depends on the entanglement of family management and family ownership. This entanglement creates special governance requirements for family
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Financial Reporting in Non-listed Family Firms: Insights from Interviews with CFOs Schmalenbach Business Review Pub Date : 2020-04-09 Martin Glaum
Analysing 20 interviews with CFOs of German non-listed family firms, I report how the firms’ financial reporting is organised, who are the financial statement addressees, how the CFOs define accounting quality, whether they manage earnings, and how owner families influence reporting. I also discuss the firms’ costs of reporting and disclosure. Most CFOs see the requirement to disclose financial statements
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The Influence of the Organizational Structure, Environment, and Resource Provision on the Use of Accrual Accounting in Municipalities Schmalenbach Business Review Pub Date : 2020-03-13 Christian Nitzl, Dennis Hilgers, Bernhard Hirsch, David Lindermüller
Despite its benefits, municipalities frequently struggle to take advantage of accrual accounting as a basis for managerial decisions. We assume that the reason for this is that municipalities technically implement accrual accounting but sometimes keep it decoupled from daily decision making. To identify factors that facilitate a more sophisticated usage of accrual accounting in German public administrations
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Investment Barriers and Labeling Schemes for Socially Responsible Investments Schmalenbach Business Review Pub Date : 2020-02-21 Gunnar Gutsche, Bernhard Zwergel
Given the increasing role of socially responsible investing (SRI), but still limited participation of individual (i.e. small, retail) investors, the objective of this study is twofold: (i) We aim to identify investment barriers regarding SRI for individual investors and analyze to what extent these barriers vary across different investor groups. (ii) We analyze to what extent sustainability or transparency
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Vertical (Dis‑)Integration and Firm Performance: A Management Paradigm Revisited Schmalenbach Business Review Pub Date : 2020-02-10 Florian Kaiser,Robert Obermaier
Vertical disintegration in manufacturing industries has been an increasing trend since the 1990s in many countries. According to a prevailing management paradigm of focusing on core competencies, firms should have vertically disintegrated (i.e. outsourced non-core competencies) to achieve cost savings, enhance competitiveness and improve firm performance. In line with this management paradigm, most
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The Impact of Price Bundling on the Evaluation of Bundled Products: Does It Matter How You Frame It? Schmalenbach Business Review Pub Date : 2020-01-31 Anjulie Hähnchen,Bernhard Baumgartner
Companies often sell their products in a price bundle at a discount. These discounts can be presented to consumers in various ways.
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The Growing Importance of Secondary Market Activities for Open-end Real Estate Fund Shares in Germany Schmalenbach Business Review Pub Date : 2020-01-22 Philipp Gerlach,Raimond Maurer
Shares of open-end real estate funds are typically traded directly between the investor and the fund management company. However, we provide empirical evidence for the growth of secondary market activities, i.e., the trading of shares on stock exchanges. We find high trading levels in situations where the fund management company suspends the issue or redemption of shares. Shares trade at a discount
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Lost in the Store: Assessing the Confusion Potential of Store Environments Schmalenbach Business Review Pub Date : 2019-08-23 Marion Garaus,Udo Wagner
Confusion in retailing has attracted increasing attention in the literature. Most of the extant studies concentrate on product-related confusion or the mental state retail shopper confusion. Nevertheless, several recent studies have emphasized the relevance of exploring confusion as an objective property of the store environment. Drawing on this literature stream, the present research conceptualizes
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Liquidity in the German Stock Market Schmalenbach Business Review Pub Date : 2019-08-20 Thomas Johann,Stefan Scharnowski,Erik Theissen,Christian Westheide,Lukas Zimmermann
This paper presents the most extensive analysis of liquidity in the German equity market so far. We examine the evolution of liquidity over time, the determinants of liquidity, and commonality across liquidity measures and countries. We make use of a new publicly available dataset, the Market Microstructure Database Xetra (MMDB-Xetra). We find that liquidity has generally increased over time, and that
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Identification of Outliers in Data Envelopment Analysis Schmalenbach Business Review Pub Date : 2019-07-12 Marcel Clermont,Julia Schaefer
Data Envelopment Analysis (DEA) is a deterministic method for the aggregation of multidimensional measures and subsequent efficiency analysis. Due to its inherent determinism, however, it reacts sensitively to outliers in datasets. Existing methods for identifying such outliers have two main disadvantages. First, from a more conceptional point of view, a uniform definition of an outlier is missing
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Improving the M&A Decision-Making Process: Learning from Serial Acquirers Schmalenbach Business Review Pub Date : 2019-06-25 Michael Weber,Dodo zu Knyphausen-Aufseß,Lars Schweizer
Mergers and acquisitions (M&A) represent a substantial means to implement corporate and business unit strategy. However, capturing expected value proves to be very challenging. While previous studies on acquisition decision-making have identified a number of impediments to process, they lack a rich and theoretically grounded description of how to systematically mitigate those obstacles. Our research
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Network-Based Business Models, the Institutional Environment, and the Diffusion of Digital Innovations: Case Studies of Telemedicine Networks in Germany Schmalenbach Business Review Pub Date : 2019-05-31 Stefanie Steinhauser
Previous research has emphasized the importance of matching innovations with a suitable business model. The design of business models for digital innovations such as telemedicine is a major challenge in health care systems. In this regulated context, the institutional environment plays a critical role for the sustainability of business models. In this paper, I propose an extended business model framework
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Special Issue: Regulation of Corporate Disclosure Schmalenbach Business Review Pub Date : 2019-05-01 Willem F. J. Buijink,Thorsten Sellhorn,Alfred Wagenhofer
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Non-GAAP Reporting and Debt Market Outcomes: Evidence from Regulation G Schmalenbach Business Review Pub Date : 2019-03-07 Felix Thielemann,Tami Dinh,Helen Kang
We exploit the introduction of Regulation G (RegG) by the U.S. Securities and Exchange Commission (SEC) in 2003 to study the association between non-GAAP earnings disclosure and debt market outcomes. Specifically, we focus on a subset of 199 S&P 500 firms to analyse the association between non-GAAP earnings disclosure and long-term issuer credit ratings as well as bond spreads before and after the
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Mandating the Sustainability Disclosure in Annual Reports—Evidence from the United Kingdom Schmalenbach Business Review Pub Date : 2019-02-20 Katrin Hummel,Peter Rötzel
This study investigates the sustainability disclosure effects of the introduction of the Companies Act 2006 Regulations 2013 in the United Kingdom. The regulation mandates the disclosure of information on greenhouse gas emissions, gender distribution and human rights issues. We examine two research questions: first, whether firms increased disclosure on the mandated topics after the regulation became
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Consequences of Unfair Job Promotions in Organizations Schmalenbach Business Review Pub Date : 2019-02-14 Peter Bußwolder,Swetlana Dregert,Peter Letmathe
We analyze the effect of fair and unfair job promotions on the willingness to cooperate within a group. To investigate how individuals respond to unfair (fair) job promotions, a laboratory experiment was conducted. During the experiment, one of the two persons in each dyad was assigned the role of supervisor and the other one was assigned the role of subordinate. We manipulate two factors: fair and
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Special Section: Economic Analyses in Business Administration Schmalenbach Business Review Pub Date : 2019-02-01 Peter-J. Jost,Alfred Wagenhofer
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Discussion of “Consequences of Unfair Job Promotions in Organizations” Schmalenbach Business Review Pub Date : 2019-02-01 Timo Heinrich
Peter Buswolder, Swetlana Dregert and Peter Letmathe analyze fair and unfair job promotions using a laboratory experiment. I discuss the methodology, comment on their findings and point to further potential applications.
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Discussion of Martin Windl: Net Stable Funding Ratio and Liquidity Hoarding Schmalenbach Business Review Pub Date : 2019-02-01 Hans-Peter Burghof
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Net Stable Funding Ratio and Liquidity Hoarding Schmalenbach Business Review Pub Date : 2019-01-29 Martin Windl
As a component of the liquidity requirements of Basel III, the Net Stable Funding Ratio ( NSFR ) seeks to limit the maturity transformation of banks. This paper examines whether the NSFR affects the inefficient precautionary liquidity hoarding of banks and the stability of interbank markets. Based on Acharya and Skeie (2011), the model introduces regulation into a two-period framework with asymmetric
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Discussion of “Location in a Disk City with Consumer Concentration Around the Center” Schmalenbach Business Review Pub Date : 2019-01-18 Karl Morasch
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Shaping Corporate Actions Through Targeted Transparency Regulation: A Framework and Review of Extant Evidence Schmalenbach Business Review Pub Date : 2018-12-20 Katharina Hombach,Thorsten Sellhorn
This paper discusses targeted transparency regulation by securities regulators: corporate disclosure regulation aimed at nudging firms towards changing their business activities in socially desirable ways. Using Corporate Social Responsibility disclosures and other prominent examples, we first document disclosure regulators’ public policy objectives. Based on a framework that develops the causal chain
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Location in a Disk City with Consumer Concentration Around the Center Schmalenbach Business Review Pub Date : 2018-12-17 Manfred Stadler
The paper studies a two-stage location-price duopoly game in a disk city with consumer concentration around the city center. When consumers are uniformly distributed over the plane, unconstrained firms locate outside of the city. Consumer concentration, however, induces firms to locate nearer to each other and, when the degree of concentration is sufficiently high, inside of the city. Prices and firm
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Need for a Holistic Approach to Enhancing Corporate Disclosure Requirements Schmalenbach Business Review Pub Date : 2018-12-14 Andrew Watchman,Vincent Papa
In this article, we highlight key trends and several European corporate reporting initiatives shaping the European corporate reporting landscape. We argue for a holistic approach towards enhancing and future proofing disclosure regulation and ensuring that corporate reporting information is fit for purpose. We outline seven principles that should be considered during the development of either mandatory
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Sustainability Reporting: A Critical Assessment of the E.U. CSR Directive and Its German Implementation from a Human Rights Perspective Schmalenbach Business Review Pub Date : 2018-12-14 Franziska Humbert
In the light of growing legislation on company disclosure of ecological and social information such as the US Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act) from 2010, the UK Modern Slavery Act 2015 and the recent EU Directive 2014/95/EU on disclosure of non-financial and diversity information by certain large undertakings and groups (CSR Directive) and its German implementation
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Implementing the Task Force on Climate-related Financial Disclosures Recommendations: An Assessment of Corporate Readiness Schmalenbach Business Review Pub Date : 2018-12-14 Robert G. Eccles,Michael P. Krzus
We conducted a type of “field experiment” in September 2017 to evaluate how difficult it will be for companies to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). We examined the disclosures of 15 of the largest oil & gas companies by market cap that had filed a 10‑K or 20‑F in 2016, so before the TCFD’s recommendations were published. In general, we
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The Second Glass Ceiling: Women’s Role in Supervisory Boards of German Firms Schmalenbach Business Review Pub Date : 2018-12-13 Viktor Bozhinov,Christopher Koch,Thorsten Schank
This study analyzes the role of women on supervisory boards of German companies. In particular, we investigate the likelihood of women to hold senior positions such as (vice) chair of the board and their membership in standing committees. Based on the logic of the lack of fit model, we argue that once women overcome the first glass ceiling and become board members, they still face a second glass ceiling
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Effectiveness and Efficiency of Disclosure: A Preparer’s Perspective Schmalenbach Business Review Pub Date : 2018-12-11 Jürgen M. Wagner
Transparent corporate reports are required for reducing the asymmetric distribution of information between providers of capital and company management. In recent years, several major trends have led to an increase in the volume and complexity of corporate reports, jeopardizing the usefulness of such information. The article compares and contrasts, from a preparers’ perspective, certain current initiatives
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Towards Better Corporate Reporting: Core & More Schmalenbach Business Review Pub Date : 2018-12-10 Hilde Blomme
Core & More aims to present corporate reporting ‘smarter’ by organising financial and non-financial information in a more connected, logical and structured way. Key information that is likely to be relevant for a wide range of stakeholders would be captured in the Core report, and supplementary details for a more specific audience would form the More reports. Core & More reports would be connected
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Regulation in Corporate Disclosure Schmalenbach Business Review Pub Date : 2018-12-07 Andreas Barckow
Financial reports have grown significantly over recent years due to new disclosure and reporting requirements mandated by policymakers, regulators, and standard setters. Entities that have to comply with these requirements seek to maximise efficient reporting processes and do not usually review their disclosure packages on a yearly basis. To overcome this challenge, a thorough debate is needed about
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Intertemporal Income Shifting Around a Large Tax Cut: the Case of Depreciations Schmalenbach Business Review Pub Date : 2018-10-23 Laura Dobbins,Sebastian Eichfelder,Frank Hechtner,Jochen Hundsdoerfer
A corporate tax rate cut provides an incentive for corporations to shift taxable income from years before the tax rate cut to post-reform years. Our study analyzes whether depreciations and write-offs are used to achieve intertemporal income shifting. Using a panel of German manufacturing firms, we test in a difference-in-differences setting whether firms reacted to the announced 2008 corporate tax
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Is the Time Ripe? How the Value of Waiting and Incentives Affect Users’ Switching Behaviors for Smart Home Devices Schmalenbach Business Review Pub Date : 2018-10-19 Matthias Berger,Christian Matt,Jochen Gönsch,Thomas Hess
Product-related and market-related uncertainties often cause users to defer from switching to new IT devices. There is a value of waiting (VoW) for users because waiting allows them to collect more information. At the same time, many IT switching decisions are increasingly complex due to increased connectivity and the resulting interdependencies between jointly used devices. Therefore, switching decisions
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Employee Orientation and Financial Performance of Foundation Owned Firms Schmalenbach Business Review Pub Date : 2018-09-20 Matthias Draheim,Günter Franke
Shleifer and Vishny (1997) argue that corporate governance should be weak in the absence of powerful residual claimants. We compare foundation owned firms (FoFs) and family firms, with and without codetermination. As foundations have no owners, residual claimants of FoFs are weak. This might strengthen FoF-managers and employees. Codetermination law also strengthens employees. We derive hypotheses
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A Contemporary Concept of Organizational Control: Its Dependence on Shared Values and Impact on Motivation Schmalenbach Business Review Pub Date : 2018-08-24 Christian Jung-Gehling,Erik Strauss
Increasing global competition and new technological developments have fostered the need and possibilities to enhance organizational efficiency by increasingly outsource or automate routine tasks. These developments lead to increasingly complex settings. The increasing complexity of organizational processes and shifts in societal values to higher priorities of personal autonomy have led to issues in
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The Pricing of Liquidity Risk in Buyout Funds – A Public Market Perspective Schmalenbach Business Review Pub Date : 2018-06-27 Matthias Huss,Heinz Zimmermann
This paper analyzes the structure and pricing of liquidity risk for international listed buyout funds. We use a time-series framework for our tests which allows us to discriminate between the exposure of buyout funds to two types of liquidity: Market and funding liquidity. We find that the innovation in funding liquidity is a priced factor for buyout funds, while changes in market liquidity are not
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Individuals’ Perception and Processing of Risk Information: Exploratory Evidence from Germany Schmalenbach Business Review Pub Date : 2018-06-06 Kathrin Kureck,Susanne Homölle
This paper presents a first exploratory study to analyze private investors’ perceptions regarding risk reporting. With the help of think-aloud protocols, we gain insight into how and to what extent readers perceive risk information of a German savings bank, which specific information cues are relevant for informed judgment and decision-making, and whether these assessments are correct in relation to
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Why Do Banks Bear Interest Rate Risk? Schmalenbach Business Review Pub Date : 2018-05-25 Christoph Memmel
This paper investigates determinants of banks’ structural exposure to interest rate risk in their banking book. Using bank-level data for German banks, we find evidence that a bank’s exposure to interest rate risk depends on its presumed optimization horizon. The longer the presumed optimization horizon is, the more the bank is exposed to interest rate risk in its banking book. Moreover, there is evidence
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Bid-Ask Spread Patterns and the Optimal Timing for Discretionary Liquidity Traders on Xetra Schmalenbach Business Review Pub Date : 2018-04-12 Martin Angerer,Georg Peter,Sebastian Stoeckl,Thomas Wachter,Matthias Bank,Marco Menichetti
This paper explores the statistical and economical significance of intra-day and -week patterns in bid-ask spreads. We investigate a large panel of high frequency data for stocks traded on the XETRA trading platform and observe significant patterns in spreads. In addition to showing the robustness of our findings over time, as well as in cross-section, we are also able to demonstrate the patterns’
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The Opportunity Costs of Becoming a Dean: Does Leadership in Academia Crowd Out Research? Schmalenbach Business Review Pub Date : 2018-03-08 Uschi Backes-Gellner,Agnes Bäker,Kerstin Pull
Researchers in academia typically perform different tasks: research, teaching and services to the scientific community. We analyze the opportunity costs in terms of a potentially reduced publication productivity associated with becoming a dean in the German institutional setting where deans are non-professional expert-leaders who temporarily take the dean position. Theoretically, we distinguish between
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Special Section: Economic Analyses in Business Administration Schmalenbach Business Review Pub Date : 2018-01-18 Peter-J. Jost,Alfred Wagenhofer
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Discussion of “Working from Home—What is the Effect on Employees’ Effort?” Schmalenbach Business Review Pub Date : 2018-01-17 Tim Klopries
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The Monetary Value of Having a First Division Bundesliga Team to Local Residents Schmalenbach Business Review Pub Date : 2018-01-09 Bernd Frick,Pamela Wicker
This study examines the monetary value of having a first division Bundesliga team to local residents of 12 Football Bundesliga teams using the contingent valuation method. In identical online and paper-pencil questionnaires, respondents were confronted with two hypothetical scenarios: the first asked for their willingness-to-pay for a voluntary fund that would save the team from relegation due to financial
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Working from Home Schmalenbach Business Review Pub Date : 2017-12-08 Kira Rupietta,Michael Beckmann
This paper investigates how working from home affects employees’ work effort. Employees who have the possibility to work from home have a high autonomy in scheduling and organizing their work and are therefore assumed to have a higher intrinsic motivation. Thus, we expect working from home to positively influence work effort of employees. We introduce a theoretical model that analyzes whether intrinsic