Antje Fiedler - GARS - German Aviation Research Society
Antje Fiedler - GARS - German Aviation Research Society
Antje Fiedler - GARS - German Aviation Research Society
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Employment<br />
relations & Human<br />
capital (HC)<br />
LME (NZ, UK) CME (<strong>German</strong>y)<br />
Voluntary basis<br />
HC general, (exit)<br />
Financial system Market-based (exit)<br />
Market for corporate<br />
control (high disclosure)<br />
Dispersed shareholdings<br />
by portfolio investors<br />
Top management Single board dominated<br />
by CEO<br />
Corporate goal Shareholder value &<br />
short term<br />
Corporate strategy<br />
from a deterministic<br />
perspective<br />
“big leaps” & radical<br />
innovation<br />
Co-determination by law<br />
HC firm-specific,<br />
(voice)<br />
Bank-based (voice) by<br />
large shareholders<br />
(insider information)<br />
Concentrated ownership<br />
by strategic investors<br />
Dual board<br />
Multiple power<br />
Multiple & long term<br />
“small steps” &<br />
incremental innovation
Change language