Codetermination’s Effect on Firm Performance through the Great Recession: A Cross-Country Analysis between Germany and the United Kingdom
Public Deposited- Last Modified
- August 9, 2023
- Creator
-
Talcott, Charles
- Affiliation: Kenan-Flagler Business School
- Abstract
- This thesis examines the effects of German codetermination on firm profitability, productivity, employment, and wages. In addition to laying out the theoretical considerations regarding codetermination, this thesis contains a review of the empirical studies of codetermination conducted to date and a unique study comparing German and British firms through the Great Recession (2007–2010) and the recovery thereafter (2011–2014). Using four multiple regression models, I compare a sample of German codetermined firms (n = 71) with a comparable set of British firms (n = 291) that feature no board-level employee representation. The results of the empirical analysis indicate that property rights theorists are incorrect in concluding that codetermination causes firms to underperform. These findings are consistent with the results of previous studies of codetermination. At the end of this thesis, I outline several promising areas for future research on codetermination.
- Date of publication
- April 2018
- Keyword
- DOI
- Resource type
- Rights statement
- In Copyright
- Advisor
- Ravenscraft, David
- Degree
- Bachelor of Science
- Academic concentration
- Business Administration
- Honors level
- Highest Honors
- Degree granting institution
- University of North Carolina at Chapel Hill
- Graduation year
- 2018
- Language
- English
- Date uploaded
- April 27, 2018
Relations
- Parents:
This work has no parents.
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