This paper considers whether listed companies with dispersed ownership invest less in training than do other firms, as part of a short-termist stance caused by pressure from the stock market. An analytical framework that supports the proposition involves three factors: high agency costs between...

Apprenticeship varies greatly across countries, in terms of both quantity (numbers trained) and quality (skill content); and across sectors and occupations within countries, in terms of its provision and finance by employers. This chapter outlines recent advances in both areas. Some firms engage...