Company Size vs. Attractiveness of Company Pension Schemes Following the Introduction of the German Occupational Strengthening Pensions Act

Zsuzsanna Pálffy ()
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Zsuzsanna Pálffy: Széchenyi István University, Győr, Hungary

Economic Research Guardian, 2024, vol. 14, issue 2, 73-87

Abstract: The criticism of neoclassical economic behaviour, the changing company-space dynamics, the effects of globalization, and the cultural turn have stimulated new trends in social sciences. In recent decades, the concept of embeddedness has evolved significantly and now holds a solid place in regional economics and economic geography; however, interdisciplinary studies remain common. This review article examines the interaction between corporate embeddedness and culture, aiming to demonstrate how previous research has interpreted culture's role in embeddedness. A comprehensive literature analysis, the primary question addressed is how corporate practices and cultural norms develop in a specific socio-cultural context. The review's novelty lies in its dual approach to culture's role in embeddedness. On one hand, it explores the value and norm system of embeddedness, focusing on culture's role in limiting social practices. On the other hand, it discusses culture's role in the interactions of the embedding process at all levels of embeddedness and culture. The literature indicates that the culture of both the company and the receiving space – including trust levels, openness, willingness to settle, and receptiveness – determines the success of embeddedness.

Keywords: Corporate embeddedness; Culture; Regional economics; Economic geography (search for similar items in EconPapers)
JEL-codes: M14 R11 Z10 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:14:y:2024:i:2:p:73-87

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