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The consensus around shareholder primacy is crumbling. Investors, long assumed to be uncomplicated profit-maximizers, are looking for ways to express a wider range of values in allocating their funds. Workers are agitating for greater voice at their workplaces. And prominent legislators have...
Persistent link: https://www.econbiz.de/10012848084
Recent proposals for a more inclusive capitalism call for labor and minority representation in corporate governance. We examine the joint promise of labor and minority representation in the context of German works councils. The councils are a powerful form of labor representation that grants...
Persistent link: https://www.econbiz.de/10014528151
shareholder's need (i.e profitability) and regulatory requirements (liquidity and capital) is a delicate balance that banks strive …. Liquidity and regulatory capital requirements have gained momentum after the 2008 global financial crisis. Meeting the …, the findings indicate that higher capital requirements for banks significantly positively influence liquidity. Furthermore …
Persistent link: https://www.econbiz.de/10013184172
Using German establishment data, this study provides the first econometric analysis on the interaction of establishment-level codetermination and foreign owners. Works councils are associated with higher productivity in domestic-owned establishments while they are associated with lower...
Persistent link: https://www.econbiz.de/10010356077
Using representative data from the IAB Establishment Panel, we show that employees in establishments with active owners are less likely to introduce a works council. Moreover, we show that, in case of an introduction, the new works council is less likely to survive if active owners are present....
Persistent link: https://www.econbiz.de/10010356451
Using representative data from the IAB Establishment Panel, we show that employees in establishments with active owners are less likely to introduce a works council. Moreover, we show that, in case of an introduction, the new works council is less likely to survive if active owners are present....
Persistent link: https://www.econbiz.de/10010194499
Using representative data from the IAB Establishment Panel, we show that employees in establishments with active owners are less likely to introduce a works council. Moreover, we show that, in case of an introduction, the new works council is less likely to survive if active owners are present....
Persistent link: https://www.econbiz.de/10013074162
We examine the relation between labor union strength and investment efficiency using comprehensive firm-level data of Korean listed companies. We find that the perceived underinvestment related to unionization documented in previous studies is attributable to a negative relation between union...
Persistent link: https://www.econbiz.de/10013007964
Der vorliegende Beitrag diskutiert verschiedene Szenarien zum Einfluss von Auslandsdirektinvestitionen auf die betriebliche Mitbestimmung in Deutschland. Vorliegende Studien sprechen dafür, dass die Funktionsfähigkeit betrieblicher Mitbestimmung in Betrieben mit ausländischen Eigentümern...
Persistent link: https://www.econbiz.de/10011704438
Worker voice can relate to political and civic participation in numerous ways. Individual and collective voice can equip individuals with skills and attitudes that increase political engagement, and unions also explicitly encourage members to be politically aware, vote, and run for office. Labor...
Persistent link: https://www.econbiz.de/10012389403