EconPapers    
Economics at your fingertips  
 

Worker Directors: A German Product that Didn't Export?

John Addison () and Claus Schnabel ()

No 3918, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Despite its lack of attractiveness to other countries, the German system of quasi-parity codetermination at company level has held up remarkably well. We recount the theoretical arguments for and against codetermination and survey the empirical evidence on the effects of the institution, tracing the three phases of a still sparse literature. Recent findings hold out the prospect that good corporate governance might include employee representation by virtue of the monitoring function and the reduction in agency costs, while yet cautioning that the optimal level of representation is likely below parity. And although the German system may be better than its reputation among foreigners, it might have to adapt to globalization and the availability of alternative forms of corporate governance in the EU.

Keywords: codetermination; board-level employee representation; firm performance; Germany (search for similar items in EconPapers)
JEL-codes: J50 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2009-01
New Economics Papers: this item is included in nep-bec and nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published in: Industrial Relations, 2011, 50 (2), 354-374

Downloads: (external link)
http://ftp.iza.org/dp3918.pdf (application/pdf)

Related works:
Journal Article: Worker Directors: A German Product that Did Not Export? (2011) Downloads
Working Paper: Worker Directors: A German Product that Didn’t Export? (2009) Downloads
Working Paper: Worker Directors: A German Product that Didn’t Export? (2009) Downloads
Working Paper: Worker Directors: A German Product that Didn't Export? (2009) Downloads
Working Paper: Worker directors: a German product that didn't export? (2009) Downloads
Working Paper: Worker directors: a German product that didn't export? (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp3918

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2020-10-08
Handle: RePEc:iza:izadps:dp3918