Using data from the representative IAB Establishment Panel in Germany and estimating a panel probit model with fixed effects, this paper finds a negative relationship between the existence of owner-management in an establishment and the probabilities of having a works council or a collective...

Using data from the representative IAB Establishment Panel in Germany and estimating a panel probit model with fixed effects, this paper finds a negative relationship between the existence of owner-management in an establishment and the probabilities of having a works council or a collective...

Using data from the representative IAB Establishment Panel in Germany and estimating a panel probit model with fixed effects, this paper finds a negative relationship between the existence of owner-management in an establishment and the probabilities of having a works council or a collective...

Using data from the representative IAB Establishment Panel in Germany and estimating a panel probit model with fixed effects, this paper finds a negative relationship between the existence of owner-management in an establishment and the probabilities of having a works council or a collective...

I estimate a model of executive-firm matching, in which both components of the executive labor market outcome -- the assignment of managers to firms and the cross-sectional distribution of executive pay -- are endogenously determined. Results in this paper reveal the importance of match...

The growing global emphasis on diversity, equity, and inclusion has also put the spotlight on the role of gender in the corporate world. Women have increasingly found a place in senior leadership and boards owing to regulatory and societal changes. Extant literature has also discussed the...

Corporate culture does matter. Using data on mission statements of large Japanese firms, we show that corporate culture has a significant impact on corporate policies that determine employment, board, and financial structures. We provide evidence that strong-culture firms are more likely to...

We show that economic conditions when managers enter the labor market have long-run effects on their career paths and managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also have more conservative styles, such as lower...

We show that economic conditions when managers enter the labor market have long-run effects on their career paths and managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also have more conservative styles, such as lower...

This paper studies the effect of labor protection on the relation between employee satisfaction and firm capital structure across 32 countries. The stakeholder theory of capital structure states that firms whose values are derived largely from their human capital tend to maintain a lower debt...