Co-Determination, Efficiency, and Productivity

By F. FitzRoy, Kornelius Kraft. Social Science Research Network, 2005

146 citations recorded by the source corpus.

We present the first panel estimates of the productivity effects of the unique German institution of parity, board-level co-determination. Although our data span two severe recessions when labour hoarding costs of co-determination are probably highest, and the panel is too short to capture the likely long-run benefits in terms of human capital formation and job satisfaction, we find positive productivity effects of the 1976 extension to parity co-determination in large firms.

Subfields: Accounting, Public Administration

View Paper: https://www.semanticscholar.org/paper/916a7e23c45d45e97ffea31735917f4f5b1c8a8a

Citations in the corpus

• Responsible Corporate Governance: Towards a Stakeholder Board of Directors? (2009, unknown): “performance • FitzRoy and Kraft (2005) : Introduction of parity codetermination has a slight positive effect on productivity.”