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Co-Determination Politics On Commercial Companies In Albania: A Comparative Study

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  • Blerta Aliu

    (European University of Tirana)

Abstract

This paper focuses on understanding the role that stakeholders, especially, employees have in a company and corporate governance implications. Currently, human capital, embodied to employees, has become very fast the most important source of corporate value. This study makes an overview of the current situation in Albania, analyzing legal provisions and relevant international literature on this issue. The trends of the result for decision-making in the Albanian companies show a low level of participation of stakeholders, particularly employees. This study is based on a comparison between American common law system, supporters of the shareholders and the German civil law system, supportive of stakeholders. Here, is apparently stated the need to embrace the second system. Recent developments of American companies and the financial crisis are reasons which brought us to this conclusion. The German practice also, shows clearly that corporate social responsibility is the key to success, if it adapts to different historical, legal and cultural contexts.

Suggested Citation

  • Blerta Aliu, 2013. "Co-Determination Politics On Commercial Companies In Albania: A Comparative Study," CBU International Conference Proceedings, ISE Research Institute, vol. 1(0), pages 97-103, June.
    • Handle: RePEc:aad:iseicj:v:1:y:2013:i:0:p:97-103
    DOI: 10.12955/cbup.v1.20
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    More about this item

    Keywords

    co-determination procedures; employee legal guarantees; corporate social responsibility;
    All these keywords.

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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