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This paper contributes to the empirical literature on the co-determination – firm performance nexus by using a new type … of data that combines information on the co-determination status of enterprises from a commercial data base and … the first time a direct comparison of enterprises from the same size class with and without codetermination at the …
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as sharing features with either German parity codetermination or one-third codetermination …
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We hypothesize that companies with board level employee representation (BLER) are less likely than other firms to experience crisis-induced employment reductions, since the employers and employees in BLER firms are better able to negotiate alternative labor-cost savings to preserve employment....
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In this paper, I examine the compensation contracts of German shareholder and employee representatives as well as the role of co-determined supervisory boards and the impact on earnings management. The supervisory board participates in the firm's decision-making, but also has the key fiduciary...
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