What Connects Industrial Relations and Corporate Governance? Explaining Institutional Complementarity

Posted: 29 Feb 2008

See all articles by Martin Höpner

Martin Höpner

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for the Study of Societies

Date Written: May 2005

Abstract

The concept of institutional complementarity is central to the recent debate on the internal logics of production regimes, redirecting our attention from the effects of single institutions to interaction effects. The article provides definitions of complementarity, coherence and compatibility and discusses the ways in which different authors describe interaction effects between corporate governance and industrial relations. It turns out that some of the interaction effects are actually direct causal links rather than effects deriving from complementarity. It is argued that complementarity may be caused by both structural similarity and incoherence, and that the concept provides only weak predictions with respect to institutional change. The article is followed by comments from Bruno Amable, Robert Boyer, Colin Crouch, Peter A. Hall, Gregory Jackson, Wolfgang Streeck, and an epilogue by Martin Höpner.

JEL Classification: P5 Comparative economic systems; J5 Labour-managem

Suggested Citation

Höpner, Martin, What Connects Industrial Relations and Corporate Governance? Explaining Institutional Complementarity (May 2005). Socio-Economic Review, Vol. 3, Issue 2, pp. 331-358, 2005. Available at SSRN: https://ssrn.com/abstract=811467

Martin Höpner (Contact Author)

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for the Study of Societies ( email )

Paulstr. 3
50676 Koln
Germany

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