naa a22 4500 510735908 CHVBK 20180411083010.0 cr unu---uuuuu 180411e20130501xx s 000 0 eng 10.1007/s11573-013-0654-8 doi (NATIONALLICENCE)springer-10.1007/s11573-013-0654-8 Different degrees of informational asymmetry on job markets and its impact on companies' recruiting success [Elektronische Daten] [Sabrina Falk, Andrea Hammermann, Alwine Mohnen, Arndt Werner] Based on a large survey of German companies, we investigate the influence of job characteristics on the recruiting success on labor markets with different degrees of informational asymmetry. We cluster companies' recruiting channels in those with low (internal job markets and employee referrals) and high (job advertisements, the Federal Employment Agency and headhunters) degrees of informational asymmetry. We provide evidence that monetary aspects are important when quality aspects of the job and the company are not directly observable by job applicants. However, if recruiting channels are used where the level of asymmetric information is lower because applicants have more reliable information about job and company characteristics, the quality attributes of a workplace, such as flexible work times or a high job responsibility, become influential on the recruiting success. Finally, our results show that applicants with access to more information about the quality aspects of a job also seem to be in a better position to evaluate the information given with regard to their credibility. Springer-Verlag Berlin Heidelberg, 2013 Job vacancies nationallicence Employer signaling nationallicence Recruiting success nationallicence Falk Sabrina Lehrstuhl für Unternehmensführung, Technische Universität München, Arcisstraße 21, 80333, Munich, Germany aut Hammermann Andrea Cologne, Germany aut Mohnen Alwine Lehrstuhl für Unternehmensführung, Technische Universität München, Arcisstraße 21, 80333, Munich, Germany aut Werner Arndt Institut für Mittelstandsforschung Bonn, Maximilianstraße 20, 53111, Bonn, Germany aut Journal of Business Economics Springer-Verlag 83/4(2013-05-01), 295-317 0044-2372 83:4<295 2013 83 11573 https://doi.org/10.1007/s11573-013-0654-8 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11573-013-0654-8 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Falk Sabrina Lehrstuhl für Unternehmensführung, Technische Universität München, Arcisstraße 21, 80333, Munich, Germany aut NATIONALLICENCE 700 1- Hammermann Andrea Cologne, Germany aut NATIONALLICENCE 700 1- Mohnen Alwine Lehrstuhl für Unternehmensführung, Technische Universität München, Arcisstraße 21, 80333, Munich, Germany aut NATIONALLICENCE 700 1- Werner Arndt Institut für Mittelstandsforschung Bonn, Maximilianstraße 20, 53111, Bonn, Germany aut NATIONALLICENCE 773 0- Journal of Business Economics Springer-Verlag 83/4(2013-05-01), 295-317 0044-2372 83:4<295 2013 83 11573 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer