Worker Information and Firm Disclosure: Analysis on French Linked Employer Employee Data

Economix Working Paper No. 2011-37

38 Pages Posted: 15 Dec 2011

See all articles by Antoine Reberioux

Antoine Reberioux

Université Paris VII Denis Diderot; University Antilles Guyane - Faculty of Law and Economics

Héloïse Petit

affiliation not provided to SSRN

Corinne Perraudin

Immeuble Le Descartes II - Centre d'Etudes de l'Emploi

Date Written: July 15, 2011

Abstract

Information disclosure requirements significantly increased in French listed companies in the early 2000s, converging toward the U.S./U.K. stock market standards. Following the burgeoning literature on relations between corporate governance and labor, we investigate the consequences of this process regarding worker information: does more information for shareholders mean more information for workers? We take advantage of a French (representative) establishment survey that generates linked 'employer–employee' data at two points in time, 1998 and 2004. Our results strongly suggest that worker information has improved in listed companies but not in private ones, as an externality of the financialization process. We find however that this extra information is only partially correlated with greater employee satisfaction, as measured through the perception of fair recognition by supervisors.

Keywords: information sharing, firm disclosure, corporate governance, job satisfaction, linked employer employee data

JEL Classification: J53, G39, J28, C21

Suggested Citation

Reberioux, Antoine and Petit, Héloïse and Perraudin, Corinne, Worker Information and Firm Disclosure: Analysis on French Linked Employer Employee Data (July 15, 2011). Economix Working Paper No. 2011-37, Available at SSRN: https://ssrn.com/abstract=1972958 or http://dx.doi.org/10.2139/ssrn.1972958

Antoine Reberioux (Contact Author)

Université Paris VII Denis Diderot

2, place Jussieu
Paris, 75005
France

University Antilles Guyane - Faculty of Law and Economics ( email )

Pointe à Pitre
France

Héloïse Petit

affiliation not provided to SSRN

No Address Available

Corinne Perraudin

Immeuble Le Descartes II - Centre d'Etudes de l'Emploi ( email )

Noisy Le Grand, 93166
France

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