Corporate Governance Regimes and Employment Relations in Europe

Posted: 14 Apr 2010

See all articles by Marc Goergen

Marc Goergen

IE Business School, IE University; European Corporate Governance Institute (ECGI)

Chris Brewster

Henley Management College - Human Resource Management

Geoffrey Wood

University of Sheffield - School of Management

Date Written: December 15, 2009

Abstract

An influential strand of the finance literature focuses on the nature and extent of shareholder rights vis-à-vis employees. Most of the extant literature on the subject relies on a limited number of case studies and/or broad macroeconomic data, whereas this article draws on evidence from a large scale survey of organizations to test the predictions of the theories on the relative strength of workers and managers across the different governance regimes. This evidence highlights the complex relationship between societal institutions, legal traditions, political parties and electoral systems, on corporate governance regimes and the relative strength of unions and collective representation at workplace level, highlighting the limitations of the mainstream finance and economics rational-incentive based literature, and the value of alternative socio-economic approaches.

Keywords: corporate governance, comparative industrial relations, trade union strength, neo-institutionalism, varieties of capitalism, regulation theory

JEL Classification: L20, J50, M20

Suggested Citation

Goergen, Marc and Brewster, Chris and Wood, Geoffrey, Corporate Governance Regimes and Employment Relations in Europe (December 15, 2009). Relations Industrielles/Industrial Relations, Vol. 64, No. 4, 2009, Available at SSRN: https://ssrn.com/abstract=1588124

Marc Goergen (Contact Author)

IE Business School, IE University ( email )

Finance Department
Maria de Molina, 12
Madrid, 28006
Spain

HOME PAGE: http://www.ie.edu/business-school/faculty-and-research/faculty/marc-goergen/

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

Chris Brewster

Henley Management College - Human Resource Management ( email )

Greenlands
Henley-on-Thames
Oxfordshire RG9 3AU, England
United Kingdom

Geoffrey Wood

University of Sheffield - School of Management ( email )

9 Mappin Street
Sheffield, S1 4DT
United Kingdom
0114 22 23346 (Phone)

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