Corporate Governance and Labour Management An International Comparison

by Gospel, Howard; Pendleton, Andrew

• ISBN13: 9780199263677
• ISBN10: 0199263671
• Format: Hardcover
• Copyright: 2005-01-06
• Publisher: Oxford University Press

Summary

This book is about the relationship between corporate governance regimes and labor management. It examines how finance and governance influence employment relationships, work organization, and industrial relations by means of a comparative analysis of Anglo-American, European and Japanese economies. The starting point is the distinction widely found in the corporate governance, business systems, and political economy literature between countries dominated by 'shareholder value' conceptions of corporate governance and those characterized by 'stakeholder' regimes. By drawing on a wide range of countries, the book is able to demonstrate the complexities of corporate governance arrangements and to present a more precise and nuanced exploration of the linkages between governance and labor management. Each country-based chapter provides an analysis of the evolution and key characteristics of corporate governance and then links this to labor management institutions and practices. The chapters cover the United States, United Kingdom, Japan, Australia, France, Germany, Italy, Netherlands, and Spain, with each written by a leading academic expert in the field. By providing a historical review of the evolution of national systems, the contributors provide judicious evaluations of the current state and future directions of national governance and labor relations systems. Overall, the book goes beyond the 'complementaries' between governance and labor management systems identified in recent literature, and attempts to identify casual relationships between the two. It shows how labor management institutions and practices may influence finance and corporate governance systems, as well as vice versa. The contributions to this book illuminate current debates about the determinants of corporate governance, the convergence of national 'varieties of capitalism', and the impact of corporate governance on managerial behavior. The book highlights the complexities of corporate governance systems and refines the distinction between market/outsider and relational insider systems.

Author Biography

Howard Gospel is Professor of Management at King's College London, a Research Associate of the Centre for Economic Performance, London School of Economics, and a Fellow of the Said Business School, University of Oxford. Andrew Pendleton is Professor of Human Resource Management at the Business School of the Manchester Metropolitan University.

Table of Contents

List of figures	xi
List of tables	xii
Notes on contributors	xiv
Corporate Governance and Labour Management: An International Comparison	1	(32)
Howard Gospel
Andrew Pendleton
Corporate Governance and Employees in the United States	33	(26)
Sanford M. Jacoby
Markets and Relationships: Finance, Governance, and Labour in the United Kingdom	59	(25)
Andrew Pendleton
Howard Gospel
Corporate Governance and Employees in Germany: Changing Linkages, Complementarities, and Tensions	84	(38)
Gregory Jackson
Martin Hopner
Antje Kurdelbusch
Corporate Governance in Germany: Ownership, Codetermination, and Firm Performance in a Stakeholder Economy	122	(26)
Bernd Frick
Erik Lehmann
Corporate Governance and Labour Management in the Netherlands: Getting the Best of Both Worlds?	148	(25)
Erik Poutsma
Geert Braam
Labour in French Corporate Governance: The Missing Link	173	(24)
Michel Goyer
Bob Hancke
Corporate Governance and Employment Relations: Spain in the Context of Western Europe	197	(29)
Ruth V. Aguilera
Corporate Governance and Industrial Relations in Italy	226	(28)
Sandro Trento
Corporate Governance, Labour, and Employment Relations in Japan: The Future of the Stakeholder Model?	254	(30)
Takashi Araki
Towards a Comparative Perspective on Corporate Governance and Labour Management: Enterprise Coalitions and National Trajectories	284	(26)
Gregory Jackson
Bibliography	310	(41)
Index	351