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Different higher education patterns of topmanagers in the U.S., France, and Germany. A signaling approach

Author

Listed:
  • Egon Franck
  • Christian Opitz

    () (Institute for Strategy and Business Economics, University of Zurich
    TU Bergakademie Freiberg)

Abstract

The paper presents an economic explanation of country-specific higher education patterns among topmanagers based on a signaling approach. Starting from Ar-row’s hypothesis that higher education functions as a filter for human capital, we discuss three alternative filter-designs, which can be attributed to the higher education systems of the U.S., France and Germany. An empirical investigation of the educational paths of topmanagers in these countries reveals that these high potentials indeed behaved according to the signaling requirements following from the country-specific filter-design.

Suggested Citation

  • Egon Franck & Christian Opitz, 2003. "Different higher education patterns of topmanagers in the U.S., France, and Germany. A signaling approach," Working Papers 0022, University of Zurich, Institute for Strategy and Business Economics (ISU).
  • Handle: RePEc:iso:wpaper:0022
    as

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    File URL: http://repec.business.uzh.ch/RePEc/iso/ISU_WPS/22_ISU_full.pdf
    File Function: First version, 2003
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    References listed on IDEAS

    as
    1. Gordon C. Winston, 1999. "Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 13-36, Winter.
    2. Egon P. Franck & Bruno Schönfelder, 2000. "On The Role Of Competition In Higher Education – Uses And Abuses Of The Economic Metaphor," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 52(3), pages 214-237, July.
    3. Temin, Peter, 1999. "The Stability of the American Business Elite," Industrial and Corporate Change, Oxford University Press, vol. 8(2), pages 189-209, June.
    4. Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July.
    5. Baade, Robert A. & Sundberg, Jeffrey O., 1996. "What determines alumni generosity?," Economics of Education Review, Elsevier, vol. 15(1), pages 75-81, February.
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    Cited by:

    1. Lazonick, William, 2006. "Corporate Governance, Innovative Enterprise, and Economic Development," WIDER Working Paper Series 071, World Institute for Development Economic Research (UNU-WIDER).

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