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Corporate Governance, Stake-Holding and the Nature of Employment Relations Within the FirmSuzanne J. KonzelmannUniversity of London - Birkbeck College - Faculty of Social Sciences, School of Management and Organizational Psychology; University of Cambridge - Faculty of Social and Political Sciences Neil ConwayUniversity of London - Birkbeck College Linda TrenberthUniversity of London - Birkbeck College - Department of Management Frank WilkinsonUniversity of London - Birkbeck College September 1, 2005 Cambridge Centre for Business Research Working Paper No. 313 Abstract: This paper investigates the effect of different forms of corporate governance on the structure and nature of stakeholder relationships within organizations and the consequent impact on employment relations within the firm. In this, HRM assumes a dual role in delivering improvements in production efficiency and in fostering employee commitment to the organization and its objectives. However, different forms of corporate governance prioritize stakeholder interests in ways that may bring these two objectives into conflict. To address these questions, we examine the interrelationship between corporate governance, HRM practices and HRM outcomes in a comparative analysis of companies operating under alternative forms of governance, including private sector, public sector and family-owned firms. The empirical analysis is based on the UK Work and Employment Relations Survey (WERS98).
Number of Pages in PDF File: 42 Keywords: corporate governance, human resource management, stakeholding, employment, relations, Work and Employment Relations Survey JEL Classification: J24, J53, L21, L23, M12, M5 working papers seriesDate posted: September 20, 2011Suggested CitationContact Information
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