The dominant agency-cost paradigm for the analysis of corporate law is based on the proposition that the welfare of society is best met by rules which minimise the costs of production through the corporate form. This is typically interpreted to mean that the agency costs of shareholders should...

In his forthcoming Virginia Law Review article, "Information and the Market for Union Representation", Professor Matthew Bodie asserts the NLRB's model fails to ensure the inclusion of sufficient relevant information. Offering a purchase of services paradigm as an alternative way to understand...

This article proposes a new theoretical framework - the strategic dynamic certification model - to explain how union certification processes operate. Statutory certification procedures are not neutral. Instead, they produce particular incentives, disincentives, and opportunities for employers,...

This paper offers a critical evaluation of the notion of collective voice, advanced by Freeman and Medoff (1984) in their pioneering contribution What Do Unions Do? It takes note of theoretical and empirical work supportive of/consistent with the collective voice/institutional response model,...

The industrial relations system at Magna International is an example of an integrated, coherent, non-union human resource management strategy. It includes significant mechanisms of worker voice and conflict resolution as substitutes for union representation. Potential labour-management conflicts...

This paper investigates the interaction between establishment-level codetermination and industry-level collective bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective bargaining agreements works councils are more likely...

As the economies are becoming knowledge intensive and industries are encountering hypercompetitive technology environments, and the markets undergoing large scale globalization with firms experiencing wild fluctuations in financial performance, firm governance structure and the functioning of...

This paper investigates the interaction between establishment-level codetermination and industry-level collective bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective bargaining agreements works councils are more likely...

This paper investigates the effect of different forms of corporate governance on the structure and nature of stakeholder relationships within organizations and the consequent impact on employment relations within the firm. In this, HRM assumes a dual role in delivering improvements in production...

In the present paper an empirical analysis with a panel data econometric model will point out that R&D, government spending on education as well as trade unions are the most important factors for the labor productivity determination. The sample examined covers many Western European countries....