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Dynamic Efficiency of Supervisory Board Codetermination in Germany

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  • Simon Renaud

Abstract

The aim of this paper is to consider the implications of structural changes, e.g. changing skill composition of the labour force, on the economic advantages and disadvantages of supervisory board codetermination in Germany. Theoretical considerations and an overview of the empirical literature on supervisory board codetermination are given in the first section of the paper. The second section deals with the empirical evidence of the theoretical effects. The basic idea is to compare the long-term differences in productivity and profitability of companies with quasi-parity codetermination to companies that are only obliged to give one-third of their supervisory board seats to labour representatives. Interestingly, the switch from one-third to parity codetermination seems to increase both productivity and profits. In the longer term, the productivity effect does not seem to change, whereas the profit effect shows an improving path. Copyright 2007 The Author. Journal compilation CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd. 2007.

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Bibliographic Info

Article provided by CEIS in its journal LABOUR.

Volume (Year): 21 (2007)
Issue (Month): 4-5 (December)
Pages: 689-712

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Handle: RePEc:bla:labour:v:21:y:2007:i:4-5:p:689-712

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Cited by:
  1. Sebastian Troch, 2009. "Drittelbeteiligung im Aufsichtsrat - Gesetzliche Regelung versus Unternehmenspraxis Ausmaß und Bestimmungsgründe der Umgehung des Drittelbeteiligungsgesetzes in Industrieunternehmen," Working Paper Series in Economics 128, University of Lüneburg, Institute of Economics.
  2. Njoya, W., 2010. "Employee Ownership in the European Company: Reflexive Law, Reincorporation and Escaping Codetermination," ESRC Centre for Business Research - Working Papers wp416, ESRC Centre for Business Research.
  3. Höpner, Martin & Müllenborn, Tim, 2010. "Mitbestimmung im Unternehmensvergleich: Ein Konzept zur Messung des Einflusspotenzials der Arbeitnehmervertreter im mitbestimmten Aufsichtsrat," MPIfG Discussion Paper 10/3, Max Planck Institute for the Study of Societies.
  4. Uwe Jirjahn, 2010. "Nonunion Worker Representation and the Closure of Establishments: German Evidence on the Role of Moderating Factors," Research Papers in Economics 2010-01, University of Trier, Department of Economics.
  5. Franziska Boneberg, 2010. "The Economic Consequences of one-third Codetermination in German Supervisory Boards: First Evidence for the Service Sector from a New Source of Enterprise Data," Working Paper Series in Economics 177, University of Lüneburg, Institute of Economics.
  6. Balsmeier, Benjamin & Bermig, Andreas & Dilger, Alexander & Geyer, Hannah, 2011. "Corporate governance and employee power in the boardroom: An applied game theoretical analysis," Discussion Papers of the Institute for Organisational Economics 9/2011, University of Münster, Institute for Organisational Economics.
  7. Marc Goergen & Miguel Manjon & Luc Renneboog, 2008. "Is the German system of corporate governance converging towards the Anglo-American model?," Journal of Management and Governance, Springer, vol. 12(1), pages 37-71, March.
  8. Joachim Wagner, 2011. "One-third Codetermination at Company Supervisory Boards and Firm Performance in German Manufacturing Industries: First Direct Evidence from a New Type of Enterprise Data," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 131(1), pages 91-106.
  9. Franziska Boneberg, 2011. "The Economic Consequences of One-third Co-determination in German Supervisory Boards, First Evidence for the Service Sector from a New Source of Enterprise Data," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 231(3), pages 440-457, June.
  10. Anke Hammen, 2008. "Fachliche Zusammensetzung von Bildungsportfolios: Empirische Analyse eines Risk-Return Trade-Offs," IAAEG Discussion Papers until 2011 200802, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).

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