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

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Author Info
Suzanne Konzelmann
Neil Conway
Linda Trenberth
Frank Wilkinson
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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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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Related research
Keywords: corporate governance; human resource management; stakeholding; employment; relations and Work and Employment Relations Survey;

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Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
M12 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Personnel Management; Executive Compensation
M5 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Catherine Truss, 2001. "Complexities and Controversies in Linking HRM with Organizational Outcomes," Journal of Management Studies, Blackwell Publishing, vol. 38(8), pages 1121-1149, December. [Downloadable!] (restricted)
  2. 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. [Downloadable!]
  3. 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, ILR School, Cornell University, vol. 48(2), pages 197-221, January.
  4. Sandra E. Black & Lisa M. Lynch, 1997. "How to Compete: The Impact of Workplace Practices and Information Technology on Productivity," NBER Working Papers 6120, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. Michael J. Handel & Maury Gittleman, 2000. "Is there a Wage Payoff to Innovative Work Practices?," Macroeconomics 0004032, EconWPA. [Downloadable!]
    Other versions:
  6. Suzanne Konzelmann & Frank Wilkinson & Maria Hudson, 2002. "Partnership in Practice," ESRC Centre for Business Research - Working Papers wp239, ESRC Centre for Business Research. [Downloadable!]
  7. Wilkinson, Frank, 1983. "Productive Systems," Cambridge Journal of Economics, Oxford University Press, vol. 7(3-4), pages 413-29, September.
  8. 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.
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