Addison, John T.; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2009
Classification: J50
Keywords: codetermination, board-level employee representation, firm performance,
Germany
Corresponding … such agency considerations is Jirjahn’s (2003)
treatment of executive incentives and firm performance. Jirjahn’s treatment …
codetermination on firm performance will be stronger in firms with less severe agency
problems. Since profit sharing reduces agency …