Die Konzentration bzw. Streuung der Kapitalanteile variiert in deutschen Aktiengesellschaften erheblich. Die Literatur diskutiert seit langem, inwiefern Unterschiede der Streuung die Effizienz von Firmen beeinflussen. Wir untersuchen die Auswirkung der Streuung von Kapitalanteilen in Unternehmen...

This study examines differences in employment growth between firms with and without works councils by separating introduction effects from potential selectivity effects. Using a difference in differences framework, we show that firms with works councils have higher employment growth before...

This study examines the differences in the likelihood of overpayment and overemployment in establishments with and without works councils. In contrast to other studies, we use assessments by the management concerning the existence of such problems. Furthermore, we also analyze how different...