We analyse how countries' innovation outcomes are affected by national legislations of worker participation to corporate governance. We develop a model of employee representation laws (ERL) and innovation in the presence of incomplete labour contracts and predict heterogeneous ERL effects across...

In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a standard neoclassical model to predict how employees might respond to the firm's offer to sell them various classes of shares. Using a database that tracks over 200,000 eligible...

Board-level employee representation rights are far from harmonised at the level of the European Union. Yet, beyond some limited cases of Europeanisation taking root in EU secondary law (i.e. the European Company Directive (Societas Europaea) and other corporate law instruments taking this...

In France, the legal obligation for private-sector companies to have, under certain conditions, one or two employee representatives on their boards goes hand in hand with the possibility for the company to decide to have its European Works Council (EWC) or SE Works Council (SE-WC) appoint the...

The paper is an overview of diversity in history, starting as far back as the societies in classical Ancient Europe and traditional non-European societies, where differentiation was basically between the enslaved and free population and the out-of-caste in India. With the end of slavery the...