The Influence of Stock Market Listing on Human Resource Management: Evidence for France and Britain
Cambridge Centre for Business Research Working Paper No. 366
47 Pages Posted: 20 Sep 2011
Date Written: June 1, 2008
Abstract
[enter Abstract Body]We use data from REPONSE 2004 and WERS 2004 to analyze whether approaches to HRM differ according to whether an establishment is part of a company with a stock exchange listing. In both countries we find that listing is positively associated with team working and performance-related pay, while in France, but not in Britain, it is also linked to worker autonomy and training. Our findings are inconsistent with the claim that shareholder pressure operates as a constraint on the adoption of high-performance workplace practices. The pattern is similar in the two countries, but with a slightly stronger tendency for listing to be associated with high-performance workplace practices in France.
Keywords: corporate governance, human resource management, employment relations
JEL Classification: G32, G38, K22, K31, J53, J88
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Partnership, Ownership and Control: The Impact of Corporate Governance on Employment Relations
By Simon Deakin, Richard Hobbs, ...
-
Shareholder Primacy and the Trajectory of UK Corporate Governance
By John Armour, Simon Deakin, ...
-
Corporate Governance in Comparative Perspective: Prospects for Convergence