A growing literature discusses the convergence of national systems of corporate governance. Fostering convergence are activist institutional investors, especially from the United States. The following is a case study of one institutional investor - the giant pension fund, CalPERS - and its...

This paper presents an analysis of several experiments in union-management cooperation that took place during the 1920s. The author examines the economic and social factors that influenced the formation, operation, and decline of these experiments. Although observers at that time hoped that...

Is there one best way to run the modern business corporation? What is the appropriate balance between shareholders, executives, and employees? These questions are being vigorously debated as layoffs, scandals, and restructurings rattle companies around the world. The common assumption is that...

This study of company unionism at Thompson Products (today TRW) calls into question the usual characterization of company unions as uniformly ineffectual and short-lived. The company unions examined in this study were fostered and overseen by Thompson's managers with the undoubted purpose of...

If innovative work practices improve performance, why does the intensity of their adoption vary substantially across establishments? Following a lead suggested by some sociological studies, the authors empirically investigate the role of social networks (ties to other organizations) in the...

The new international economy is today the single most important factor shaping relations between employers, unions, and governments in the world's advanced industrial societies. While companies compete in global markets with firms around the world, workers remain fixed in each country and are...