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Union Participation in Strategic Decisions of Corporations
Appelbaum, Eileen - 2003
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/10012469109
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Worker Representatives
Budde, Julian; Dohmen, Thomas; Jäger, Simon; Trenkle, Simon - National Bureau of Economic Research - 2024
We study the descriptive and substantive representation of workers through worker representatives, focusing on the selection of German works council representatives and their impact on worker outcomes. Becoming a professional representative leads to substantial wage gains for the elected,...
Persistent link: https://www.econbiz.de/10014635703
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Bankers on Boards : Monitoring, Conflicts of Interest, and Lender Liability
Kroszner, Randall S. - 1999
This paper investigates what factors determine whether a commercial banker is on the board of a non-financial firm. We consider the tradeoff between the benefits of direct bank monitoring to the firm and the costs of active bank involvement in firm management. Given the different payoff...
Persistent link: https://www.econbiz.de/10012471465
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Do Employees Benefit from Worker Representation on Corporate Boards?
Blandhol, Christine - 2020
Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question - especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...
Persistent link: https://www.econbiz.de/10012482488
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Class Struggle Inside the Firm : A Study of German Codetermination
Gorton, Gary - 2000
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/10012470791
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Voice at Work
Harju, Jarkko; Jäger, Simon; Schoefer, Benjamin - National Bureau of Economic Research - 2021
We estimate the effects of worker voice on job quality and separations. We leverage the 1991 introduction of worker representation on boards of Finnish firms with at least 150 employees. In contrast to exit-voice theory, our difference-in-differences design reveals no effects on voluntary job...
Persistent link: https://www.econbiz.de/10012496075
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The German Model of Industrial Relations : Balancing Flexibility and Collective Action
Jäger, Simon; Noy, Shakked; Schoefer, Benjamin - National Bureau of Economic Research - 2022
pillars of the model: sectoral collective bargaining and firm-level codetermination. Relative to the United States, Germany … unemployment, but may also erode bargaining coverage and increase inequality. Meanwhile, firm-level codetermination through worker …
Persistent link: https://www.econbiz.de/10013362031
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Relational Investing : The Worker's Perspective
Lazear, Edward P. - 1996
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/10012473428
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The International Market for Corporate Control
Chari, Anusha - 2020
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/10012479366
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Intracompany Governance and Innovation
Belenzon, Sharon - 2009
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/10012463346