The German court decision to ban Uber will sustain the current structure of the German taxi market, and this is bad for German customers and innovation. But Uber should not have been surprised.
Unlike in the Anglo-American (common law) system based on ex ante freedom of citizens and organisations, the German (civil law) system requires lots of (ex ante) negotiation […]
Following the financial crisis and the publication of the book Capitalism by Thomas Piketty, a global discussion (see the recent Financial Times article “Corporate citizens of the world owe fealty to us all”) has emerged about the nature of capitalism and the possibilities of developing “responsible capitalism”. Normative arguments have dominated this debate. For instance, companies have been […]
This year, Switzerland has already voted twice on pay-related referenda (1:12 Initiative, Minder Initiative). Over the next years, two more will follow. A key background is that Swiss executive pay levels are higher than in most other European countries. What explains this higher pay in Switzerland?
First, executive pay is directly related to firm size. Firm size […]
Some three decades ago, the globalisation of finance took off, leading to worldwide economic integration and an unprecedented growth of cross-border capital flows. However this process did not go hand in hand with harmonising national regulatory systems. National and financial authorities are now looking for measures to repair this, by moving towards a financial level playing field amongst financial institutions […]
The advantage of being based in large or protected markets
After the Microsoft-Nokia deal earlier this month, this will be the second deal involving the sale of a mobile phone maker based in a relatively open and relatively small economy. If this bid succeeds, BlackBerry may eventually be sold to a bigger producer (quite possibly based in Asia). The world’s […]
Switzerland, the Netherlands and Luxemburg are increasingly criticised for their liberal tax regimes. Five reasons why we have not seen the last of this debate yet:
First, governments and international institutions have little choice but to push harder. Due to the financial crisis tax revenues are going down in most countries. Governments have to look for ways to keep up […]
The result may be higher, not lower compensation.
This referendum outcome represents a triumph of the shareholder and of civil society- in the short run. In the future, shareholders will need to vote on listed Swiss firms’ executive pay packages. Nobody knows yet what this will mean.
Certainly, the past practice was not satisfactory. Boards of directors in Switzerland and […]
Die Globalisierung fordert die Schweizer Hochschulen auf, effektive und international ausgerichtete Angebote zu entwickeln. Einige Orientierungshinweise.
Vor 30 Jahren erschienen global agierende Manager von Grossfirmen wie Nestlé oder Roche manchen Bürgern noch als Entdeckungsreisende. Heute ist dies anders: Auch viele KMU wickeln mittlerweile die grosse Mehrheit ihres Geschäfts im Ausland ab.
Im Jahr 2009 erwirtschafteten die hundert grössten Schweizer Unternehmen […]