Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a...

The theoretical result according to which the wage is higher when bargaining and efficiency wages interact, is tested by estimating a formally derived wage equation on an Italian firm-level panel from 1990 to 1999. The 1993 July Agreement, which fostered the adoption of decentralised incentive...

Holding a managerial position within a company in 2019 is a challenging task and within this period the business climate is a dynamic one. When conceiving rightful strategies, managers should take into account every detail regarding the fast-changing Romanian business environment. Bushido is one...

In Romania, business ethics is not considered a management strategy that brings profit. The private business field now follows a different logic, different dynamics. Many times ethics is perceived as a “me too” strategy, a strategy based on imitating the policies of successful brands or, as...

Human resource (HR) managers can provide significant value to their organizations by understanding the practices that develop HR systems, as well as the ethical implications of the work environment. However, there is a gap in the literature regarding the linkages between HR systems and ethical...

Workplace situation as well as work values have apparently changed in the last decades. However, up to now we do not know how these changes are related. This article considers both, workplace situation and work values, together and analyses theoretically and empirically how different...