@masterthesis{Hettich2014, type = {Bachelor Thesis}, author = {Hettich, Philip}, title = {Factors of Success for Share Repurchases: What factors have to be given to ensure that share repurchases create long-term shareholder value? A critical View}, url = {http://nbn-resolving.de/urn:nbn:de:bsz:944-opus--878}, school = {Hochschule Aalen}, pages = {68 p.}, year = {2014}, abstract = {This paper deals with the question of which factors have to be given for successful share repurchases that create long-term shareholder value. Center of the thesis is the agency theory and its influence on share repurchases. Based on theoretical findings success factors for share repurchases are derived and then verified by case studies. The main drivers for a successful share repurchase elaborated by this paper are a suitable long-term executive compensation, an independent board of directors and a shareholder structure without a majority shareholder. Additionally the findings show that tying repurchases to certain share price thresholds improves the quality of share repurchases.}, language = {en} } @masterthesis{Vogel2014, type = {Bachelor Thesis}, author = {Vogel, Ellen}, title = {Analysis of the Structural Formal Elements of Adjustment Process offered by German Companies in Baden-W{\"u}rttemberg}, url = {http://nbn-resolving.de/urn:nbn:de:bsz:944-opus--861}, school = {Hochschule Aalen}, pages = {XXV, 52 p.}, year = {2014}, abstract = {This paper aims to provide essential information about the formal aspects of the adjustment process companies in Southern Germany utilize to adjust their employees to new surroundings. In particular, it shall be investigated and defined what formal aspects are and when firms apply them. Literature shows that companies do implement language courses, intercultural trainings or provide further information about the host country before a stay abroad. Nevertheless, the phases during and after the assignment are not taken into account with the required importance. Additionally, since national culture can be broken down into different layers, the organizational culture as one layer was analyzed, too.By conducting a quantitative research among companies in Baden-W{\"u}rttemberg, this paper shows the different approaches for dealing with a stay abroad. Scientific literature about the topic of adjustment of globally assigned workers shall help emphasizing the need of a deeper cultural insight. Furthermore, by attempting to explain the organizations' culture, a better understanding of the chosen training methods shall be created. Definitions in the beginning helped to understand the concept of culture, the notion and the phases of adjustment. Almost all collected data has been accessed either through JSTOR (a digital library founded to help academic libraries or publishers) or similar databases, through the companies' websites or through the survey results it selves.The results of this research show that the phase before the stay abroad is organized well. Companies offer pre-departure training, but during and after the expatriate time a lack of support is being observed. The firms obviously underestimate the necessary help needed during the assignment and in the return phase, which is why the thesis attempts to fill this gap. Through the organizational culture, described on the companies' webpages the author was able to draw a conclusion to the applied training methods, which results in a consistent overall picture of the described firms. Companies from the automotive sector had the highest return rate in the survey, which is why particular attention was paid to it.}, language = {en} } @masterthesis{Winter2013, type = {Bachelor Thesis}, author = {Winter, Jessica}, title = {Evaluation of Alternative Powertrains for German Automotive Suppliers}, url = {http://nbn-resolving.de/urn:nbn:de:bsz:944-opus--986}, school = {Hochschule Aalen}, pages = {67 S.}, year = {2013}, abstract = {The present thesis deals with alternative powertrains, focusing on electric vehicles and hybrid vehicles and which of those alternative powertrains is considered as sustainable for the future. It explores the question, which alternative powertrain is worthwhile investing in for German automotive suppliers. The aim is to clarify which of the two powertrains is already established on the market and what the future prospects of those powertrains are. The question here is evaluated based on the analysis of current literature as well as through the use of a SWOT analysis and the use of the scoring model. As a result it is clear that there is a need for alternative powertrains and the entire automotive industry invests a lot in the development and research of alternative powertrains. According to the German Federal Government, one million electric vehicles should be on German roads by 2020. With pure electric vehicles, however, the goal will be difficult to reach. Therefore, there is a lot of vested interest in the development of hybrid vehicles on the market. It shows that the hybrid vehicle has considerable advantages over the electric vehicle and the hybrid vehicle is already seen as a transitional solution for pure electric vehicles. The hybrid vehicle is also already established in the market and has better chances on the market in the future. Therefore, it makes sense for German automotive suppliers to invest in hybrid vehicles and to focus on this market, since there the chances of success are greater and the future potential of this market is higher.}, language = {en} }