The article deals with the background and structure of Germany’s Capital Market Model Case Act 2005. The Act represents an attempt on the part of the German legislature to cope with mass litigation ...before German courts and was promulgated to provide a procedural device in contrast to American-style class actions. The article sets out the basic system of model case litigation under the new Act and compares it with group actions as provided for in other member states of the European Union. It also offers a short critical review based on first experiences under the Act.
A recent phenomenon in competition policy is the acquisition of a private firm by an enterprise that is either wholly owned by government or in the midst of privatization. Such an acquisition poses ...the question of how public ownership may alter the incentives of a firm to engage in anticompetitive conduct. It also prompts one to examine the process by which such altered incentives revert, as the level of government ownership declines, to the same incentives that face purely private firms. Using Deutsche Telekom's acquisition of VoiceStream Wireless as a case study, this article presents the economic questions relevant to evaluating the competitive consequences of acquisitions by partially privatized firms. It predicts gains or losses to various constituencies of producer groups. It then analyzes bond ratings and weighted-average costs of capital to determine whether such data are consistent with the hypothesis, advanced by parties opposed to such foreign investment, that partially privatized acquirers benefited from the government subsidization of their credit.
This article examines corporate governance arrangements and the adjustment paths of British Telecom and Deutsche Telekom. Both firms have been facing similar adjustment pressures, stemming from the ...globalization and liberalization of telecommunications markets, privatization, and technological progress, but are situated in the most differing corporate governance systems in Europe. Convergence theory suggests that these similar pressures translate into similar behaviour at the firm level, whereas the 'varieties of capitalism' approach argues for different adjustment paths depending on the wider institutional environment in which firms operate. The paper shows that the strategic behaviour of British Telecom and Deutsche Telekom differs significantly, although to varying degrees, in the areas of organizational change, internationalization, employment policy, and restructuring owing to different institutional contexts and their impact on company decision-making and priorities. Although the evidence is much closer to the 'varieties of capitalism' approach, institutionalist approaches should be complemented by systematic firm-level research in order to understand firm behaviour.
Management and development of human resources is becoming increasingly important due to the new position and role of man in all social processes, as well as their management. Motivation and employee ...satisfaction are the basis of modern management occupations of human resources because only the construction of quality motivational system can help organization to increase its competitive ability and value. Big corporations are increasingly looking upon motivation and motivation techniques in order to retain their employees and to increase competitiveness of the company. Their managers need to know who their employees are, what are their habits, what kind is their behavior in the company, whether they are willing to work in teams, their features and capabilities. Based on the answers to these questions, managers need to know which of the motivational techniques apply to individual employee in order to achieve the best result. This paper describes different motivation theories and shows the theoretical framework of human resource management through motivation and compensation programs based on practical example. As a practical example, Hrvatski Telekom (HT) was chosen due to its compliance with the basic principles of human resource management including motivating employees which results in company success on Croatian telecommunication market.
Upravljanje ljudskim potencijalima i njihov razvoj postaju sve važnijima zbog novog mjesta i uloge čovjeka u svim društvenim procesima, kao i u njihovu upravljanju. Motivacija i zadovoljstvo ...zaposlenika postaju temeljem zanimanja suvremenog menadžmenta ljudskih potencijala jer jedino se izgradnjom kvalitetnog motivacijskog sustava može pomoći organizaciji da poveća svoju konkurentsku sposobnost i vrijednost. Upravo to povećanje konkurentnosti smatra se veoma bitnim u današnjem poslovnom svijetu te je stoga prijeko potrebno poznavati pojam, tehnike i učinke motivacije. Motivacijske tehnike koriste se kako bi se zaposlenici više angažirali u obavljanju zadataka koji su im dodijeljeni. Menadžeri trebaju znati tko su njihovi zaposlenici, koje su njihove radne navike, kakvo im je ponašanje u tvrtki, jesu li spremni na timski rad, njihove mogućnosti i sposobnosti. Na temelju dobivenih odgovora na ova pitanja, menadžeri trebaju znati koju od motivacijskih tehnika primijeniti na pojedine zaposlenike kako bi se postigao najbolji rezultat.
Rad istražuje različite teorije motivacije i pokazuje teorijski okvir upravljanja ljudskim potencijalima uz pomoć motivacije i kompenzacijskih programa koji je prikazan na praktičnom primjeru. Hrvatski Telekom izabran je kao praktičan primjer zbog njihova praćenja osnovnih načela upravljanja ljudskim potencijalima, što uključuje i motivaciju zaposlenih koja je u konačnici rezultirala uspjesima tvrtke na hrvatskom telekomunikacijskom tržištu.
Purpose
– This paper aims to investigates the argument that the financial case for continued internationalisation by telecommunication companies is unclear with respect to Deutsche Telekom, a leading ...international telecommunications company.
Design/methodology/approach
– The international footprint of Deutsche Telekom is mapped over the period 1995-2013 (inclusive). Data are drawn from the annual reports of Deutsche Telekom as well as its principal subsidiaries. After mapping the international footprint, the financial dimension of this internationalisation is investigated to determine whether there are financial returns from continued international expansion.
Findings
– The results demonstrate the extensive and complex nature of the international footprint of Deutsche Telekom. The company operates in 38 countries through a variety of lines of business, with its systems division being responsible for almost half of these countries. Although international markets now account for a majority of the company’s revenues, the lack of consistent data means that it is not clear whether the financial returns from internationalisation are positive.
Research limitations/implications
– The paper highlights the challenges of using annual reports as a source of data, as well as the difficulties of mapping the international operations of large multinationals like Deutsche Telekom.
Originality/value
– The paper uniquely seeks to relate the international footprint of Deutsche Telekom to its financial performance.
Based on the case of Deutsche Telekom's acquisition of VoiceStream Wireless, examines economic questions relevant to evaluating competitive consequences of acquisitions by partially privatized firms; ...1980s-1990s.
A recent phenomenon in competition policy is the acquisition of a private firm by an enterprise that is either wholly owned by government or in the midst of privatization. Such an acquisition poses ...the question of how public ownership may alter the incentives of a firm to engage in anticompetitive conduct. It also prompts one to examine the process by which such altered incentives revert, as the level of government ownership declines, to the same incentives that face purely private firms. Using Deutsche Telekom's acquisition of VoiceStream Wireless as a case study, this article presents the economic questions relevant to evaluating the competitive consequences of acquisitions by partially privatized firms. It predicts gains or losses to various constituencies of producer groups. It then analyzes bond ratings and weighted-average costs of capital to determine whether such data are consistent with the hypothesis, advanced by parties opposed to such foreign investment, that partially privatized acquirers benefited from the government subsidization of their credit.
