Ulrich Jürgens

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As Germany enters the 21st century, the traditional system of corporate governance, often referred to as " Deutschland AG " , has come under intense pressure to change. This report seeks to analyze the recent dynamics of the system to assess the extent to which they have already led to an erosion of the traditional characteristics. Many of the distinct(More)
Path dependency and " natural selection " mark the two poles in the debate on the transfer of institutions across borders. Path dependency implies that the observation of foreign institutions does not play a major role in the evolution of domestic institutions, and that, if learning does take place, it happens only within the framework of existing(More)
ßerhalb der statistischen Abgrenzung " Automobilindustrie "); • der Stand der Umsetzung und der Diffusion sowie der Dynamik des " phase in – phase out "-Prozesses. Abstract In recent years the intensity of innovation in the automotive industry has grown enormously. A third of all spending on research and development in manufacturing is to the account of the(More)
The different human nonverbal emotional vocal utterances (e.g., laughing, shrieking, moaning) and emotional intonation patterns (e.g., scolding, lamenting, caressing) can be shown to have their acoustic and emotional counterparts in the vocal repertoire of the squirrel monkey. This makes the latter an attractive model for investigations on the neural(More)
In the debate on globalisation of the financial markets and its effect on corporate gov-ernance it is often claimed that the pressure for higher rates of return exerted by institutional investors in the name of shareholder value, has led to a fundamental change of company policy among listed companies. Due to short-term profit orientation and increased(More)
The paper addresses the position occupied by China in the new international division of labour now developing as value chains become increasingly fragmented and work is relocated in the context of globalisation. China is currently experiencing an extremely dynamic industrialisation process, and worldwide foreign direct investment in industry is(More)
In this paper, we examine employment relationships as an important dimension of the " German model ". There is a long tradition of debate regarding a specific " German model " comprised of institutions and practices in this area, including the partnership of labour and capital symbolised by the system of co-determination ; patterns of long-term employment(More)
The discussion paper discusses the macroeconomic argument of a New Economy that is characterized by higher non-inflationary economic growth due to increases in productivity caused by the digital revolution. Besides presenting evidence put forward by mainstream protagonists of the New Economy, it explores an interpretation of the New Economy inspired by(More)
The German political economy has often been cited as a classical case of non-shareholder value orientation. Its productionist, long-term, consensus orientation has often been contrasted with the " Anglo-Saxon approach ". The influence of shareholders who press for shareholder value and the importance of the equity market have traditionally been low. But(More)