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Union Participation in Strategic Decisions of Corporations
Appelbaum, Eileen; Hunter, Larry W. - 2021
This paper reviews workforce participation in strategic decisions - those that affect the basic direction of the company - when workforce interests are represented collectively through unions. We consider the problem of corporate governance and review the rationale for what we term strategic...
Persistent link: https://www.econbiz.de/10013239945
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Class Struggle Inside the Firm : A Study of German Codetermination
Gorton, Gary B. - 2010
German system of codetermination,' a governance system under which employees are allocated some control rights over corporate … assets by law. Codetermination laws require that employees be represented on the (supervisory) board of directors. If … codetermination sufficiently empowers employees, and if stockholders' rights cannot be contractually protected, then employees may …
Persistent link: https://www.econbiz.de/10012763280
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Relational Investing : The Worker's Perspective
Lazear, Edward P. - 2008
Workers who hold a firm's stock make decisions other than those that pure capital owners would make, but there exist institutions and compensation packages that will generally lead workers to favor efficient firm decisions. Workers care about their firm-specific rents and may seek shares in...
Persistent link: https://www.econbiz.de/10012774982
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Intracompany Governance and Innovation
Belenzon, Sharon - 2014
especially true in Europe, where there are fewer regulatory hurdles to the formation of business groups and hybrid corporate …
Persistent link: https://www.econbiz.de/10013070812
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The International Market for Corporate Control
Chari, Anusha - 2022
This paper documents a set of stylized facts about recent trends in cross-border M&A (CBMA) activity around the world. The facts focus on key features of CBMA such as (i) the magnitude; (ii) how it varies across industries and locations; (iii) how it compares to levels of greenfield FDI over time;...
Persistent link: https://www.econbiz.de/10013322226
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The Distinct Effects of Information Technology and Communication Technology on Firm Organization
Bloom, Nicholas - 2012
Empirical studies on information communication technologies (ICT) typically aggregate the "information" and "communication" components together. We show theoretically and empirically that these have very different effects on the empowerment of employees, and by extension on wage inequality. If...
Persistent link: https://www.econbiz.de/10013117035
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The Quality of Labor Relations and Unemployment
Blanchard, Olivier J.; Philippon, Thomas - 2021
In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the economic environment depend crucially on the speed of learning of unions. This speed of learning is likely to depend in turn on the quality of the dialogue that unions have with...
Persistent link: https://www.econbiz.de/10013224217
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From Bismarck to Maastricht : The March to European Union and the Labor Compact
Krueger, Alan B. - 2021
, despite increased economic integration in Europe, countries will still be able to maintain distinct labor practices if they …
Persistent link: https://www.econbiz.de/10013227743
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What Do Independent Directors Know? Evidence from Their Trading
Ravina, Enrichetta - 2010
We compare the trading performance of independent directors and other officers of the firm. We find that independent directors earn positive and substantial abnormal returns when they purchase their company stock, and that the difference with the same firm's officers is relatively small at most...
Persistent link: https://www.econbiz.de/10012760496
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An Economic Analysis of Works Councils
Freeman, Richard B.; Lazear, Edward P. - 2021
, consultation, and in some cases co-determination of employment conditions at local workplaces, mandated by law. Many European …
Persistent link: https://www.econbiz.de/10013311873