Marc Eulerich

The complementing and facilitating nature of common ground in acquisitions – why task and human integration are still necessary in the presence of common ground

This paper focuses on common ground as an informal coordination mechanism during post-merger integration. In particular, we investigate if shared knowledge and shared beliefs between acquirer and target trigger a self-coordination mechanism among employees and therefore can act as an alternative path to human integration in mature industries. We are arguing that a dynamic research approach capturing a period of one year from deal closing onwards is beneficial to better understand the integration autonomy dilemma and the necessary coordination mechanisms. Based on case study research, we find that common ground is a double-edged sword with benefits and weaknesses. While in a first period common ground fosters coordination and allows for efficient task integration, a sole reliance on common ground without any human integration measures and management commitment has clear disadvantages in the long run. It is observable that the commitment to change of employees disappears and organizational resistance occurs.

Publication trends and the network of publishing institutions in accounting: data on The Accounting Review, 1926–2014

ABSTRACT Our study charts the development of the accounting community by tracing publication trends and changes in methodology, including a major shift towards positive and neoclassical economics, multi-authorship and the prevalence of particular institutions, as reflected in The Accounting Review (TAR) between 1926 and 2014. Using network analysis, we identify distinct networks in this community and show that while the network of the institutions to which TAR authors were affiliated in the analysed period became diverse, the network of the institutions from which TAR authors received their doctorate remained dominated by a relatively small group of élite US universities.

Corporate Governance Systeme

Im internationalen Vergleich gibt es fur die Fuhrung und Uberwachung einer Aktiengesellschaft unterschiedliche Systeme, die sich im Wesentlichen durch die Verteilung der Kontroll- und Leitungsfunktion auf die Organe unterscheiden. Grundsatzlich lassen sich zwei gegensatzliche Corporate Governance Systeme identifizieren: Das monistische und das dualistische System. Wahrend beim monistischen System, dass eher im angelsachsischen Raum vorherrscht, Leitungs- und Kontrollfunktionen in einem Organ zusammengefasst sind, gilt fur deutsche Aktiengesellschaften das dualistische System, bei dem eine strikte Trennung der Funktionen erfolgt. Im Folgenden werden die Unterschiede zwischen diesen beiden Corporate Governance Systemen im Einzelnen dargestellt.

Die entwicklung der betriebswirtschaftlichen corporate governance-forschung im deutschsprachigen raum – eine state of the art-analyse auf der basis bibliometrischer daten

ZusammenfassungCorporate Governance hat in der betriebswirtschaftlichen Forschung in den letzten beiden Dekaden kontinuierlich an Bedeutung gewonnen. Ungeachtet dessen wird die Corporate Governance-Forschung nach wie vor als weitestgehend unsystematischer, in viele Einzelthemen zerfallener Strang der betriebswirtschaftlichen Literatur wahrgenommen. Der vorliegende Beitrag analysiert empirisch die Entwicklung der betriebswirtschaftlichen Corporate Governance-Forschung im deutschsprachigen Raum. Als Datenbasis für eine Zitations-, Kozitations- und Clusteranalyse dienen 267 Corporate Governance-Beiträge mit mehr als 10.000 Zitationen. Die erhobenen Daten werden in sechs Cluster zur Darstellung der thematischen Schwerpunkte der betriebswirtschaftlichen Corporate Governance-Forschung unterteilt und als Kozitationsnetzwerk visuell dargestellt. Zudem wird die historische Entwicklung der betriebswirtschaftlichen Corporate Governance-Forschung herausgearbeitet, indem die 267 herangezogenen Corporate Governance-Beiträge den sechs Clustern unter Berucksichtigung des Publikationszeitpunktes zugeordnet werden.AbstractCorporate Governance; Forschungslandschaft; Netzwerkanalyse; Zitationsanalyse. Corporate governance is perceived as an unsystematic and defibred strand of the literature within the research in business administration. However, corporate governance became an important field of research in German-speaking countries over the last two decades. This article empirically analyzes topic-specific and historic development of research on corporate governance in German-speaking countries. The used citation, co-citation, and cluster analysis makes a draft on 267 articles on corporate governance with more than 10,000 citations as empirical database. On the basis of these citations, we identify six clusters by using network analysis. These six clusters highlight the thematic emphases of research on corporate governance. Additionally, we characterize the historic development of the research on corporate governance by assigning each of the 267 articles on corporate governance to the six clusters by considering the publication date.

Bibliometric analysis of corporate governance research in German-speaking countries: applying bibliometrics to business research using a custom-made database

The objective of the present study on corporate governance research in German-speaking countries is to portray the networks in this field, identify the central sources and actors, and establish the relations between individual subdisciplines. The present paper therefore uses bibliometric and network analysis to investigate business research literature in the leading journals in German-speaking countries. As none of the major citation databases could be used for the bibliometric analysis given the subject area under investigation, the first step was to create a bibliometric database for the planned evaluation. Using this as a basis, bibliometric evaluations were then carried out with a focus on co-citation analysis. This analysis was based on an evaluation of over 10,000 references in 267 source documents. This identified the key publications on business research in German-speaking countries that have a particularly strong influence on the subject of corporate governance. The various key areas were clustered according to similarity and visualized in a network.

The effects of cultural dimensions on the internal audit function – A worldwide comparison of internal audit characteristics.

Over the last decades, the internationalization of companies has become the common way to extend business activities, explore new markets or use cost arbitrage effects. Although the motivation to internationalize depends on the specific environment and attributes of a company, the decision to extend the own business has a long-term and strategic dimension. New markets offer new opportunities but also numerous unknown threats. Furthermore, the distance between the headquarter and the foreign subsidiaries complicates the monitoring and control of the worldwide activities of a company. Bartlett and Goshal (1992) summarize this situation as follows: “The very act of “going international” multiplies a Abstract

Incentives for dishonesty: An experimental study with internal auditors

We conduct an experiment with professional internal auditors and evaluate their performance and objectivity, measured as the extent to which they truthfully report the performance of other participants in a real-effort task. It has been suggested in the literature that incentive-based compensation for auditors has the potential to lead to dishonest behavior, for instance when their payoff depends on the performance of the unit they are auditing. In line with our hypotheses, we find that incentive-based compensation increases dishonest behavior among internal auditors: competitive incentives lead to under-reporting of other participants’ performance, while collective incentives lead to over-reporting of performance. In addition, we find that moving from an environment with objective performance evaluation towards a peer evaluation scheme reduces performance.

Phase der Strategischen Kontrolle

Nachdem die einzelnen Phasen des Strategischen Managements zur Entwicklung und Implementierung einer Strategie gefuhrt haben, ist die Zielsetzung des letzten Kapitels, das Gesamtmodell um die Phase der strategischen Kontrolle zu erweitern. Diese versteht sich als zentrale Steuerungsfunktion, die sowohl durch Feedback- als auch durch Feedforward-Kontrollen die einzelnen Phasen verbindet und kontrolliert. Folglich kann diese Phase auch als strategisches Controlling verstanden werden und komplementiert den Prozess des Strategischen Managements.

Die empirische Strategy-Process-Forschung im Überblick

Die empirische Forschung zum Strategischen Management kann danach differenziert werden, ob der Strategieinhalt oder der Strategieprozess im Mittelpunkt der Untersuchung steht. Die Strategy-Content-Forschung adressiert inhaltliche Aspekte des Strategischen Managements, wahrend die Strategy-Process-Forschung diejenigen Aktivitaten untersucht, die in ihrer Folge zur Strategie fuhren. Innerhalb der Strategy-Process-Forschung wird zwischen Forschungen zu strategischen Veranderungsprozessen und zu strategischen Entscheidungsprozessen unterschieden.

The internal audit dilemma – the impact of executive directors versus audit committees on internal auditing work

Purpose The purpose of this study is to analyze how internal audit function (IAF) activities differ, depending on the impact of executive boards (EBs) and audit committees (ACs). Design/methodology/approach This study is based on data collected from the Common Body of Knowledge (CBOK) study conducted by the Institute of Internal Auditors Research Foundation in 2010. Using 524 responses from US Chief audit executives the authors examine the direct and interaction effects of ACs and EBs on the probability to perform specific activities with a logistic regression model. Findings This manuscript shows that ACs and EBs have different direct and interaction effects on the portfolio of activities performed by the IAF. Furthermore, a varying prevalence among activities was identified, which pinpoints to the maturity of IAFs. All findings contribute to the prior and recent discussion about the position of IAFs between the stakeholders’ AC and EB. Research limitations/implications When the CBOK study was designed by the Institute of Internal Auditors, the investigators did not have the research questions in mind. The authors are therefore limited to those variables that have been collected as part of a larger questionnaire. Nevertheless, the new approach tries to open a new research direction, analyzing different activities performed by IAFs. Practical implications The identified portfolio of IAF activities can help practitioners to double-check their own work and to evaluate the impact of the EB and the AC on their activities. Originality/value This study provides the first empirical evidence of the influence of ACs and EBs on IAF activities.