Industrial Relations and Trade Union Effects on Innovation in Germany

ABSTRACT: This paper provides a thoretical and empirical evaluation of unions’effects on innovative activity, focussing on institutional details and country-specific factors. We represent results of an econometric investigation for Germany using data at the industry and establishment level. In contrast to US studies, no statistically significant negative influence of unions on innovative activity shows up from industry-level data. Establishment-level data, however, indicate that the presence of a works council is positive for R & D if union density is not “too high”. This is in line with the more cooperative nature of industrial relations in Germany.     

Optimal Cash Tender Offers*

This paper develops a contingent claims analysis, a simple decision model for determining the optimal price in a cash tender offer. The implied behavior of the optimal tender offer premium over the market price of the target common stock is also investigated. Those readers interested in applying the model may obtain an interactive computer program written in FORTRAN and implementable on a personal computer from the authors on request.     

Pop-up messages on electronic gaming machines in New Zealand: experiences and views of gamblers and venue staff

In New Zealand, a pop-up message feature that interrupts gambling is mandatory on all electronic gaming machines (EGMs) in all venues. The present research documented the views and experiences of pop-up messages from a range of gamblers and gambling venue staff. A series of focus groups was held with 40 gamblers (ranging from infrequent gamblers to current/former problem gamblers), and 19 staff from casino and non-casino venues. Most participants thought that pop-up messages were ineffective as a harm-minimization measure. Venue staff participants viewed pop-up messages much more negatively than gamblers, who were generally accepting of their existence and sometimes described them as useful. Venue staff participants were also very negative about the additional hassles and confusion they believed to be caused by pop-up messages, and a range of problems they perceived with their accuracy. Nonetheless, there was a consistent although less prevalent view that pop-up messages were useful in reducing gambling harm and potentially bringing harmful gamblers to the attention of others. Participants raised some possibilities for enhancing their effectiveness; these were generally consistent with the evidence base developed since the introduction of pop-up messages in the New Zealand gambling environment.     

Religion and Gender Equality Worldwide: A Country-Level Analysis

Conceptually, the Satisfaction with Life Scale (SWLS; Diener et al. in J Pers Assess 49(1):71–75, 1985) emphasizes evaluations comparing actual and expected life circumstances. Contrastingly we developed the Harmony in Life Scale (HILS) emphasizing psychological balance and flexibility in life. Study 1 (476 participants) developed the HILS. In Study 2 participants (N = 787, T1; N = 545, T2) answered well-being related questionnaires and generated words/texts related to HIL/SWL. The HILS yields satisfactory statistical properties, correlates as expected to well-being related scales, whilst HIL/SWL form a two-factor model. Hierarchical regressions reveal that HILS explains considerably more unique variance than SWLS in most included measures. Quantitative semantic analyses (employing latent semantic analyses) on words related to HIL/SWL reveal that they differ significantly in their semantic content. Word frequency analyses show that harmony significantly relate to peace, balance, etc. and satisfaction with job, money, etc. The HILS demonstrates validity, reliability, and uniqueness complementing the SWLS in forming a more holistic understanding of subjective well-being.     

Producing Synergy: Innovation,IT, and Productivity

Bringing innovations to market is critical to industrial progress and economic growth. We explore the potential for information technology (IT) to enable innovations, and thus improve productivity. We hypothesize that a knowledge stock of process‐oriented research and development (R&D) increases total factor productivity growth by leveraging traditional forms of capital and labor, and further enhances the ability of IT capital to increase productivity. We estimate these relationships using two broad panels of U.S. industries covering the periods 1987–1998 and 1998–2005. The results indicate qualified support for a synergistic effect of R&D and IT investment in both periods.