The Freeman-Lazear works council/worker involvement model is assessed over two distinct industrial relations regimes. In non union British establishments our measures of employee involvement are associated with improved economic performance, whereas for unionized plants negative results are...

The business corporation is one of the greatest organizational inventions. But it creates risks for both shareholders and third parties. To mitigate these risks, legislators, judges, and corporate lawyers have tried to learn from experiences in other jurisdictions and adapt their regulatory...