The largest multinational and transnational corporations are key actors in the world economy. Their number has significantly increased in the last decades both in the developed and the developing countries. Consequently, they are more dispersed globally than in the past. As the world’s largest...

A perception of declining EU competitiveness has intensified calls for structural reforms within the EU. This paper examines recent evidence on changes in relative EU competitiveness and considers the observed changes in relation to the evolving competitive environment facing EU firms during the...

German works councils provide a highly developed mechanism for codetermination designed to increase trust and cooperation within firms. This study examines whether or not the functioning of works councils depends on the type of ownership. Comparing domestic- and foreign-owned firms in Germany,...

Comparing domestic- and foreign-owned firms in Germany, this paper finds that foreign-owned firms are more likely to focus on short-term profit. This influence is particularly strong if the local managers of the German subsidiary are not sent from the foreign parent company. Moreover, the...

The largest multinational and transnational corporations are key actors in the world economy. Their number has significantly increased in the last decades both in the developed and the developing countries. Consequently, they are more dispersed globally than in the past. As the world’s largest...