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Who Are the Workers Who Never Joined a Union? Empirical Evidence from Germany
Schnabel, Claus; Wagner, Joachim - Institute for the Study of Labor (IZA) - 2005
provides the first empirical analysis of trade union nevermembership in Germany. We show that between 54 and 59 percent of all … employees in Germany have never been members of a trade union. Individuals’ probability of nevermembership is significantly …
Persistent link: https://www.econbiz.de/10005703127
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The Persistent Decline in Unionization in Western and Eastern Germany, 1980-2004: What Can We Learn from a Decomposition Analysis?
Schnabel, Claus; Wagner, Joachim - Institute for the Study of Labor (IZA) - 2006
western Germany from 1980 to 2004 and in eastern Germany from 1992 to 2004. Such a negative trend can be observed for men and … worker (significant in western Germany only). A decomposition analysis shows that differences in union density over time and … between eastern and western Germany to a large degree cannot be explained by differences in the characteristics of employees …
Persistent link: https://www.econbiz.de/10005822128
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Legal Corruption, Politically Connected Corporate Governance and Firm Performance
Domadenik, Polona; Prašnikar, Janez; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2014
In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...
Persistent link: https://www.econbiz.de/10010884312
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Say Pays! Shareholder Voice and Firm Performance
Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - Institute for the Study of Labor (IZA) - 2014
shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder …
Persistent link: https://www.econbiz.de/10010959767
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What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009
Fabbri, Francesca; Marin, Dalia - Institute for the Study of Labor (IZA) - 2012
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone’s hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …
Persistent link: https://www.econbiz.de/10011279348
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Social Networks in the Boardroom
Kramarz, Francis; Thesmar, David - Institute for the Study of Labor (IZA) - 2006
This paper provides empirical evidence consistent with the facts that (1) social networks may strongly affect board composition and (2) social networks may be detrimental to corporate governance. Our empirical investigation relies on a unique dataset on executives and outside directors of...
Persistent link: https://www.econbiz.de/10005703530
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Rhineland Exit?
Bovenberg, Lans; Teulings, Coen - Institute for the Study of Labor (IZA) - 2008
. Third, and most importantly, making shareholders the ultimate owner of the firm provides the best possible diversification …
Persistent link: https://www.econbiz.de/10005822066
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Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - Institute for the Study of Labor (IZA) - 2005
large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the …
Persistent link: https://www.econbiz.de/10005822452
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Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data
Kato, Takao; Kim, Woochan; Lee, Ju Ho - Institute for the Study of Labor (IZA) - 2005
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10005822774
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Firm Performance and Managerial Turnover: The Case of Ukraine
Muravyev, Alexander; Talavera, Oleksandr; Bilyk, Olga; … - Institute for the Study of Labor (IZA) - 2009
The paper studies whether and how CEO turnover in Ukrainian firms is related to their performance. Based on a novel dataset covering Ukrainian joint stock companies in 2002-2006, the paper finds statistically significant negative association between the past performance of firms measured by...
Persistent link: https://www.econbiz.de/10005103255