Abstract
This paper examines the theory and evidence of the effect of finance, ownership, and corporate governance on labour and employment, with special reference to the so- called 'market-outsider' or liberal market economies. The main finance, ownership, and governance characteristics of these economies are described and briefly compared with those in so-called co-ordinated market economics. A set of predictions of the impact on labour management and employment are outlined. Evidence is presented from comparative studies and from within-country studies, especially of the United Kingdom. It is found that predictions are not clearly borne out, and the paper identifies a set of factors to explain this. These include dispersed ownership, the nature of corporate law, and the public visibility of listed companies.
| Original language | English |
|---|---|
| Pages (from-to) | 133-149 |
| Number of pages | 17 |
| Journal | Asia pacific journal of human resources |
| Volume | 47 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - Aug 2009 |
Keywords
- corporate governance
- employment relations
- ownership
- CORPORATE SOCIAL PERFORMANCE
- SHAREHOLDER VALUE
- PREFERENCES
- MANAGEMENT
- IMPACT