An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for 101 large Dutch firms using a large and new panel database. We use five different performance measures, and for each...

An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for a sample of 250 French companies using a large and new panel database. We use two different performance measures (Return On...

This paper examines the relationship between profitability, proxied by the return on assets, and the number of labor unions within firms. I show that the profitability of firms is lower in firms with multiple labor unions than in firms with a single labor union. The union wage premium increases...

This paper examines the association between LGBT-friendly corporate policies and firm performance. Using data on U.S. firms from 2003 to 2016, we document that LGBT friendliness is positively associated with firm performance. Specifically, we find strong evidence that more LGBT-friendly firms...

We examine the impact of prosocial CEOs on corporate labor violations. Contrary to the theoretical proposition that individuals’ prosocial behavior can sometimes backfire, we find that firms managed by prosocial CEOs have lower corporate labor violations. This effect is stronger for...

In this paper, I examine the effects of a firm’s prior reputation in enforcing good CSR practices on its involuntary turnover behavior during the first year of the COVID ’19 pandemic. Specifically, using difference-in-difference analysis on 3,011 publicly traded US firms over the period...

I use a question about works council relations from the 2006 wave of the IAB Establishment panel to analyze the heterogeneous effects of works councils on productivity, wages, and profits. The results indicate that the effects differ significantly between works council relationship types in a...

Pacts for employment and competitiveness are an integral component of the ongoing process of decentralization of collective bargaining in Germany, a phenomenon that has been hailed as key to that nation's economic resurgence. Yet little is known about the effects of pacts on firm performance....

This article examines the relationship between works councils and the closure of manufacturing establishments in Germany. The relationship varies according to circumstances and type of establishment. For the subsample of single-establishment firms, the estimates show that works council presence...

This paper uses the national firm level survey data to investigate the effects of Chinese unions on firm performance. We show that Chinese unions have a strong "State-Party voice" face and a "collective voice" face but lack of "monopoly" face. The government influence plays an important role in...