Determinanten des Informationsgehalts von Managementprognosen – eine empirische Untersuchung anhand der DAX und MDAX-Unternehmen

In this article the characteristics and determinants of the information content of management earnings forecasts of the German DAX and MDAX companies between 2002 and 2005 are analyzed. As proxy for the information content I use the precision of the wording of a forecast. I can show that the forecasts of MDAX companies are more precisely formulated than those of DAX companies. Furthermore forecasts are formulated more precisely, when companies have, (1) a lower percentage of intangible assets, (2) lower market capitalization, (3) lower volatility of earnings and (4) a higher need for external financing.     

Personnel selection criteria in IT ventures: A policy-capturing analysis

Growing ventures need to hire new employees and thus enhance their human capital stock. Selecting the right employees is crucial for the firms’ success. This paper looks at the criteria used in the selection process, especially at applicant fit, competencies, and social capital. Using a policy-capturing approach on a sample of managers in the German informationtechnology industry, the paper provides empirical evidence of the relationship between firm age and person-organization fit in the selection process. Furthermore, it demonstrates the interaction between two sets of selection criteria: applicant competencies and applicant fit with the formal job-requirements.     

Die Auswirkungen von Neid auf individuelle Leistungen: Ergebnisse einer Panelanalyse

Relative income differences are likely to lead to envy within a reference group. Envy in turn influences social behavior and individual performance. While positional concerns are apparent in daily life, empirical evidence is rare in the economic literature. This paper investigates the impact of the relative income position on individuals’ performance or productivity. As ?performance“ is difficult to measure we turn to soccer players whose performance has been well documented. The broad sample covers eight seasons of the German premier soccer league (Bundesliga) between 1995 and 2004, and includes 1040 players, a salary proxy and several performance variables. The results show that player performance is strongly affected by relative income position. A disadvantage in the relative income position reduces productivity. The larger the income differences within a team, the stronger are the effects of positional concern. Team composition also significantly affects behaviour.     

Die Bedeutung der Zinsschranke

The German Corporate Tax Reform Act of 2008 requires an adjustment of classic valuation concepts because it limits interest deduction from taxable income depending on the operating performance of the company. By using time- and state-contingent discount rates in a risk-neutral valuation with predetermined debt levels, a theoretically sound valuation result is obtained. However, a modified APV-concept which assumes deterministic debt over the planning horizon and constant leverage in the terminal value phase also yields consistent valuation results when two types of tax shields with different levels of risk are distinguished.     

Coaching für Habilitand/innen am Beispiel der LMU München

This practice report describes coachings for junior faculty members at LMU Munich. First, we describe the challenges junior faculty members are faced with at German universities and the HR development undertaken at LMU to help junior faculty cope with these challenges. In particular, we elaborate on coachings, i. e. we describe the process and topics most frequently mentioned therein. These include the sandwich position junior faculty members find themselves in, the oftentimes informal nature of their leadership position, and the requirement to react to conflicts. Finally, we present the various ways of responding to these challenges developed within the coaching process.     

Ausgelernt? Professor/innen im Prozess der Professionalisierung

Do university teachers have finished to learn, when they are hired for a position as full professor? That seems to be false, if you look at knowledge enrichment by research as learning. For Teaching and management it seems more justified. Factually full professors very seldom participate at corresponding continuing education or consulting. Learning takes place mostly on the side as learning by doing. Professionalization in a full sense however is only realized, if competences are developed also in these fields. As corresponding learning can be supported by continuous education and consulting is a very important task of academic personnel development.     

Abusive Supervision in Work Organizations – als Ursache für Workstress und Burnout

A growing literature explores abusive supervision as non-physical form of hostility by managers against there direct reports. However, researchers have used different terminology to explore phenomena that overlap with abusive supervision. The author therefore provides a review of literature how an US-american author, who researches some years ago about abusive supervision explains. The antecedents and consequences of abusive supervision and directions for future research are discussed.     

Beratungsforschung mit,für oder ohne die Praxis?

This article deals with the extent to which consulting research and consulting practice are pulling in the same direction or whether the gap between them still seems insurmountable. Therefore we examine the literature on consulting research, report what kind of research coaching practitioners would consider beneficial and introduce first findings from an empirical survey in which coaching practitioners were asked about their motivation for—or against—taking part in coaching research.     

Wissensvermittlung in Beratungsprozessen

In the science of counseling there nearly has been no theoretical reflection on the phenomena of how knowledge effects the orderliness, structure and sequential patterns of interaction in counseling. In the scientific field of educational analysis, increasing attention has been given to the debates of knowledge societies and knowledge management. In the present discussions many concepts of ??knowledge?? are based on a cognitive model using terms like ??content?? and ??data??. In contrast to this theoretical view, a knowledge based framework to research micro-processes of guidance and counseling is developed. The method of qualitative Conversation Analysis, based on ethnomethodological principles, is used to establish an interpretive account of the interactional process in a counseling context. Based on this analysis, a model with four dimensions is developed identifying different action formations which illustrate not only ideal but also problematic aspects of career guidance and counseling.