Who disciples the CFO? An assessment of stakeholder power in corporate governance

We analyze the respective influence of employee and shareholder interests on the dismissal of 89 Chief Financial Officers (CFOs) of major German companies between 1999 and 2006. Drawing on stakeholder-agency theory, we argue that employees wield sufficient power to affect executive replacements. We show that the provision of job security as a proxy for employee interests has a significant effect on the likelihood of CFO dismissal. This effect is independent of the fulfillment of shareholders’ objectives. We conclude that stakeholder groups beyond shareholders exert influence on corporate governance. We argue that executives need to respond to several stakeholder groups simultaneously.Corporate Governance; Stakeholder influence; Management dismissal

An analysis and comparison of two German thrust-fencing manuscripts

In this contribution, we will discuss two German fencing manuscripts - Mscr.Dresd.C.13 (SLUB Dresden) and Add MS 17533 (BL London). Both manuscripts present texts on thrust-fencing based on the teachings of Salvator Fabris. The dedication of manuscript C13 was signed by the famous fencing author Johann Georg Pascha. The author of one of the texts contained in the 17533 manuscript is named H.A.V.. A textual analysis has been performed on these two books, and then the contents of the works have been compared. This comparison shows that C13 presents a largely identical text to the main treatises contained in 17533, the most significant difference being certain additions in C13, which Pascha also discusses in his dedication. Based on our analysis, both C13 and 17533 appear to present copies of an original text. We further hypothesize that H.A.V., the author of this original text, was Heinrich von und zum Velde, the fencing master of Johann Joachim Hynitzsch

How Digitalised Innovation Environments Impact Companies\u27 Innovation Capability - a Review and research Agenda

The aim of this paper is to structure the diverse investigations into various Digitalized Innovation Environments (DIE) such as FabLabs, Makerspaces, and Innovation Laboratories and to identify the resulting potential for companies. In private and academic contexts, DIEs are already established as environments for fostering innovation and knowledge transfer. Taking into account a wide range of disciplines and perspectives, a total of four functions were identified that DIEs can potentially assume in companies. Based on this, both direct and indirect impacts could be derived and resulting research gaps were identified. These blind spots are supplemented by research questions on the structural integration of DIEs in companies. Thus, the paper provides an overview of the current state of research and reveals relevant research gaps, which contribute to a future structured investigation of the research subject DIE

Spin-squared Hamiltonian of next-to-leading order gravitational interaction

The static, i.e., linear momentum independent, part of the next-to-leading order (NLO) gravitational spin(1)-spin(1) interaction Hamiltonian within the post-Newtonian (PN) approximation is calculated from a 3-dim. covariant ansatz for the Hamilton constraint. All coefficients in this ansatz can be uniquely fixed for black holes. The resulting Hamiltonian fits into the canonical formalism of Arnowitt, Deser, and Misner (ADM) and is given in their transverse-traceless (ADMTT) gauge. This completes the recent result for the momentum dependent part of the NLO spin(1)-spin(1) ADM Hamiltonian for binary black holes (BBH). Thus, all PN NLO effects up to quadratic order in spin for BBH are now given in Hamiltonian form in the ADMTT gauge. The equations of motion resulting from this Hamiltonian are an important step toward more accurate calculations of templates for gravitational waves.Comment: REVTeX4, 10 pages, v2: minor improvements in the presentation, v3: added omission in Eq. (4) and corrected coefficients in the result, Eq. (9); version to appear in Phys. Rev.