Governance of stakeholder relationships: The German and Dutch experience

Countries' governance institutions to a varying degree support stakeholders to invest in relationship-specific assets. The function of governance institutions is to strengthen the commitment of parties to keep to an initial agreement. Thus, international differences in governance institutions affect relationship-specific investments. Two stylized models of stakeholder relationships can be distinguished, the Anglo-American model and the German model. Market orientation and competition characterize the Anglo-American model. Long-term relationships and cooperation are distinctive features of the German model. Strong elements of the Anglo-American model are fast reallocation of financial, physical and human capital through the market. Short-run flexibility facilitates a shift of resources towards innovative emerging technologies, in particular towards start-up firms. The German model is strong with respect to the development of long-term commitment, investments in relationship-specific physical and human capital, and cooperation between companies. This model promotes technological progress and re-allocation of resources within established enterprises. The position of Dutch corporate governance institutions, which govern the relationships between management and financiers, does not stand out as favourable compared to both the German and the Anglo-American models of corporate governance. In the Netherlands, share ownership is dispersed, so that monitoring by block shareholders is largely absent. In this respect the situation in the Netherlands is comparable to that in the United States and the United Kingdom. However, in contrast to the Anglo-American model the market for corporate control is virtually absent in the Netherlands. Cooption of members of the supervisory board and extensive use of juridical anti-takeover defence mechanisms substantially restrict the influence of shareholders on management. Therefore, Dutch corporate governance institutions neither strongly encourage investments in relationship-specific assets, nor strongly enhance flexible reallocation of capital or risk-sharing finance. Recent policy changes will probably lead to a moderate shift to the German model. Dutch work governance institutions, which concern the governance of relationships between management and employees, more closely resemble those in Germany. This implies that worker influence enhances the performance within large established firms, but that external allocation through the labour market is less efficient compared to the functioning of markets in the Anglo-American model. Future policy changes that strengthen Dutch worker influence will be beneficial for performance in established firms, and are in accordance with the gradual shift towards German governance structures.

James Leigh Cellars Wine Descriptions

These proof copies of labels that will adhere to the back of a wine bottle describe the 2003 Walla Walla Valley Spofford Station Merlot, the 2003 Walla Walla Valley Cabernet Sauvignon, the 2003 Walla Walla Valley Palette and the 2003 Walla Walla Valley Spofford Station Syrah, all from James Leigh Cellars. The Merlot, Cabernet Sauvignon, and Syrah all received accolades from Wine Enthusiast

Building a Disciplinary, World-Wide Data Infrastructure

Sharing scientific data, with the objective of making it fully discoverable, accessible, assessable, intelligible, usable, and interoperable, requires work at the disciplinary level to define in particular how the data should be formatted and described. Each discipline has its own organization and history as a starting point, and this paper explores the way a range of disciplines, namely materials science, crystallography, astronomy, earth sciences, humanities and linguistics get organized at the international level to tackle this question. In each case, the disciplinary culture with respect to data sharing, science drivers, organization and lessons learnt are briefly described, as well as the elements of the specific data infrastructure which are or could be shared with others. Commonalities and differences are assessed. Common key elements for success are identified: data sharing should be science driven; defining the disciplinary part of the interdisciplinary standards is mandatory but challenging; sharing of applications should accompany data sharing. Incentives such as journal and funding agency requirements are also similar. For all, it also appears that social aspects are more challenging than technological ones. Governance is more diverse, and linked to the discipline organization. CODATA, the RDA and the WDS can facilitate the establishment of disciplinary interoperability frameworks. Being problem-driven is also a key factor of success for building bridges to enable interdisciplinary research.Comment: Proceedings of the session "Building a disciplinary, world-wide data infrastructure" of SciDataCon 2016, held in Denver, CO, USA, 12-14 September 2016, to be published in ICSU CODATA Data Science Journal in 201

Psycholinguistik

5.1 Einführung in den Forschungsbereich Die Psycholinguistik ist der Bereich der Linguistik, der sich mit dem Zusammenhang zwischen menschlicher Sprache und dem Denken und anderen mentalen Prozessen beschäftigt, d.h. sie stellt sich einer Reihe von essentiellen Fragen wie etwa (1) Wie schafft es unser Gehirn, im Wesentlichen akustische und visuelle kommunikative Informationen zu verstehen und in mentale Repräsentationen umzusetzen? (2) Wie kann unser Gehirn einen komplexen Sachverhalt, den wir anderen übermitteln wollen, in eine von anderen verarbeitbare Sequenz von verbalen und nonverbalen Aktionen umsetzen? (3) Wie gelingt es uns, in den verschiedenen Phasen des Lebens Sprachen zu erlernen? (4) Sind die kognitiven Prozesse der Sprachverarbeitung universell, obwohl die Sprachsysteme derart unterschiedlich sind, dass sich in den Strukturen kaum Universalien finden lassen

Foundations of Modern Language Resource Archives

A number of serious reasons will convince an increasing amount of researchers to store their relevant material in centers which we will call "language resource archives". They combine the duty of taking care of long-term preservation as well as the task to give access to their material to different user groups. Access here is meant in the sense that an active interaction with the data will be made possible to support the integration of new data, new versions or commentaries of all sort. Modern Language Resource Archives will have to adhere to a number of basic principles to fulfill all requirements and they will have to be involved in federations to create joint language resource domains making it even more simple for the researchers to access the data. This paper makes an attempt to formulate the essential pillars language resource archives have to adhere to