Worker Directors: A German Product that Did Not Export?

21 Pages Posted: 28 Mar 2011

See all articles by John T. Addison

John T. Addison

University of South Carolina - Moore School of Business - Department of Economics; IZA Institute of Labor Economics

Claus Schnabel

University of Erlangen-Nuremberg; IZA Institute of Labor Economics

Date Written: April 1, 2011

Abstract

Despite its seeming lack of attractiveness to other countries, the German system of quasi-parity codetermination at company level has held up fairly well. We recount the theoretical arguments for and against this form of codetermination, and survey the evolving empirical evidence on its economic impact. On both counts, employee representation on company boards might form part of the apparatus of good corporate governance, even if the extent of representation and the composition of the worker side are unsettled issues. Whatever the particular past merits of the case, however, the bottom line is that the recent availability of alternative forms of corporate governance will increasingly shape the German institution.

Suggested Citation

Addison, John T. and Schnabel, Claus, Worker Directors: A German Product that Did Not Export? (April 1, 2011). Industrial Relations: A Journal of Economy and Society, Vol. 50, No. 2, pp. 354-374, 2011. Available at SSRN: https://ssrn.com/abstract=1794864 or http://dx.doi.org/10.1111/j.1468-232X.2011.00639.x

John T. Addison (Contact Author)

University of South Carolina - Moore School of Business - Department of Economics ( email )

The Francis M. Hipp Building
1705 College Street
Columbia, SC 29208
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HOME PAGE: http://mooreschool.sc.edu/moore/economics/profiles/addison.htm

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Claus Schnabel

University of Erlangen-Nuremberg ( email )

Institut für Wirtschaftsforschung
Lange Gasse 20
D-90403 Nuernberg
Germany
+49 911 5302 330 (Phone)
+49 911 5302 721 (Fax)

HOME PAGE: http://https://www.arbeitsmarkt.rw.fau.de/english-version/staff/prof-dr-claus-schnabel/

IZA Institute of Labor Economics

Schaumburg-Lippe-Str. 7 / 9
Bonn, D-53072
Germany

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