It is a commonplace of American law that corporations are fictional. This is silly - corporations are all too-real (after all, most of us work for one, most of the physical goods on which we depend are made by them, the quality (and lack of quality) of our physical environment is dependent on...

The long-term transition from defined benefit (DB) to defined contribution occupational pensions has been the subject of academic and industry research. Even so, there remains considerable debate about the causes and consequences of this transformation including whether the DB institution is in...

Under current German legislation, employees are entitled to quasi-parity codetermination on the supervisory board in larger German corporations. The legislation on which these rights are based dates back to the 1950s and 1970s. As economic structures change over time, the economic effects of...

This paper develops an organizational approach to corporate governance and assesses the effectiveness of corporate governance and implications for policy. Most corporate governance research focuses on a universal link between corporate governance practices (e.g. shareholder activism, board...

This paper examines the effects of firing costs in a dynamic general equilibrium model where firms face stochastic demand. It derives analytically two simple closed-form equations, one for the supply of labor, the other for its demand. These equations determine the comparative static effects of...

This article examines institutional linkages between corporate governance and labour management in Germany. German corporate governance was characterised by the importance of banks, ownership concentration, long-term investment, and stable corporate networks. This system displayed important...

Research on values has provided significant insights at individual, organizational and societal levels of analysis. One area that remains under-explored is how the individual values of managers influence decision-making on human resource (HR) issues. This article explores this relationship...

This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction...