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Corporate governance, stake-holding and the nature of employment relations within the firm

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  • Suzanne Konzelmann
  • Neil Conway
  • Linda Trenberth
  • Frank Wilkinson
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    Abstract

    This paper investigates the effect of different forms of corporate governance on the structure and nature of stakeholder relationships within organizations and the consequent impact on employment relations within the firm. In this, HRM assumes a dual role in delivering improvements in production efficiency and in fostering employee commitment to the organization and its objectives. However, different forms of corporate governance prioritise stakeholder interests in ways that may bring these two objectives into conflict. To address these questions, we examine the interrelationship between corporate governance, HRM practices and HRM outcomes in a comparative analysis of companies operating under alternative forms of governance, including private sector, public sector and family-owned firms. The empirical analysis is based on the UK Work and Employment Relations Survey (WERS98).

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    File URL: http://www.cbr.cam.ac.uk/pdf/WP313.pdf
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    Bibliographic Info

    Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp313.

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    Date of creation: Sep 2005
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    Handle: RePEc:cbr:cbrwps:wp313

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    Web page: http://www.cbr.cam.ac.uk/

    Related research

    Keywords: corporate governance; human resource management; stakeholding; employment; relations and Work and Employment Relations Survey;

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    References

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    1. Catherine Truss, 2001. "Complexities and Controversies in Linking HRM with Organizational Outcomes," Journal of Management Studies, Wiley Blackwell, vol. 38(8), pages 1121-1149, December.
    2. S. Black & L. Lynch, 1997. "How to compete: the impact of workplace practices and information technology on productivity," LSE Research Online Documents on Economics 20298, London School of Economics and Political Science, LSE Library.
    3. S Black & L Lynch, 1997. "How to Compete: The Impact of Workplace Practices and Information Technology on Productivity," CEP Discussion Papers dp0376, Centre for Economic Performance, LSE.
    4. Michael J. Handel & Maury Gittleman, 2000. "Is there a Wage Payoff to Innovative Work Practices?," Macroeconomics 0004032, EconWPA.
    5. Smith, Suzanne Konzelmann, 1995. "Internal Cooperation and Competitive Success: The Case of the U.S. Steel Minimill Sector," Cambridge Journal of Economics, Oxford University Press, vol. 19(2), pages 277-304, April.
    6. Suzanne Konzelmann & Frank Wilkinson & Maria Hudson, 2002. "Partnership in Practice," ESRC Centre for Business Research - Working Papers wp239, ESRC Centre for Business Research.
    7. Frank Wilkinson, 2002. "Productive Systems and the Structuring Role of Economic and Social Theories," ESRC Centre for Business Research - Working Papers wp225, ESRC Centre for Business Research.
    8. Wilkinson, Frank, 1983. "Productive Systems," Cambridge Journal of Economics, Oxford University Press, vol. 7(3-4), pages 413-29, September.
    9. John MacDuffie, 1995. "Human resource bundles and manufacturing performance: Organizational logic and flexible production systems in the world auto industry," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(2), pages 197-221, January.
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