German Dependency on Russian Gas

Gleißner, Werner; Follert, Florian

doi:10.1007/s10273-022-3224-2

Cited by 2 publications

(1 citation statement)

References 6 publications

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“…A good example is the German government's decision to phase out nuclear power prematurely after the Fukushima disaster in 2011 (Follert et al, 2021). At the latest, the situation changed completely owing to the Russian war against Ukraine and the subsequent gas shortage (e.g., Gleißner & Follert, 2022). On the other hand, measures by which decisions are made are accompanied by uncertainty.…”

Section: Decision‐making and Liability: A Synthesis Of The Corporate ...mentioning

confidence: 99%

Learning from corporate governance: First conceptualization of a liability for political decision‐making

Follert

2023

Kyklos

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The institution of liability serves to mitigate the lack of care in almost all areas, whether private or business. However, we have not yet found such an institution in political decision‐making. Surprisingly, the literature has not discussed a specific institution that subjects political actors who fail to exercise due diligence in their decision‐making regarding personal liability. Hence, this paper aims to fill this gap and derive the necessity of internalizing the negative effects resulting from the imperfections of the market for political services in general and the democratic process, particularly by a liability rule. To design the new institution, we draw on the findings of corporate governance, combining economic thinking in incentives and legal knowledge expressed in the law of the corporation. In this respect, this paper is the first to make a concrete proposal for political liability accompanied by a political judgment rule. However, it is important to emphasize that the aim is not to punish a wrong decision but to provide strong incentives to prevent it ex ante. Political liability must be understood as a process‐oriented institution that considers uncertainty and decision‐making complexities. By proposing and analyzing this new institution, this work contributes to a broader discussion of incentive structures in the political process of modern democracies and shows how the political sphere can learn from the corporate world.

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Section: Decision‐making and Liability: A Synthesis Of The Corporate ...mentioning

confidence: 99%

Learning from corporate governance: First conceptualization of a liability for political decision‐making

Follert

2023

Kyklos

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Improving Resilience in Times of Multiple Crisis

Pinkwart

Schingen²,

Pannes³

et al. 2022

Schmalenbach J Bus Res

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Due to the trend towards more frequent and multiple crises, it is essential for enterprises as well as for states and entire economic areas to develop strategies to improve resilience. In this article, existing challenges and conceivable strategies for improving resilience will be outlined from a microeconomic as well as from a macroeconomic perspective. To mitigate vulnerabilities of Supply Chains in the last decades, drivers for improving Supply Chain resilience have been explored. They are presented as contributing to building resilience on the micro level. On the macro level, opportunities and limits of current approaches for strategic independence are discussed. In terms of a new regulatory policy, a rescue of honour for global cooperation and free trade is proposed by the authors.

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German Dependency on Russian Gas

Cited by 2 publications

References 6 publications

Learning from corporate governance: First conceptualization of a liability for political decision‐making

Learning from corporate governance: First conceptualization of a liability for political decision‐making

Improving Resilience in Times of Multiple Crisis

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