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Using a large panel data set we investigate whether works councils act as sand or grease in the operation of German firms. Stochastic production frontier analysis indicates that establishments with and without a works council do not exhibit significant differences in efficiency.
Persistent link: https://www.econbiz.de/10010262247
councils, the availability of alternative employee involvement mechanisms, and the impact of the institution on performance by … performance. Although the results of this exercise differ somewhat from earlier analyses, they provide little support for the …
Persistent link: https://www.econbiz.de/10010262826