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Die Auswirkungen der gesetzlichen Mitbestimmung auf die Innova-tionsaktivität deutscher Unternehmen

  • Kornelius Kraft
  • Jörg Stank

We investigate the effects of the German codetermination law of 1976 on the innova-tiveness of a sample of German stock companies from the manufacturing industry. Information from 155 companies on the number of patents granted in the time period 1971-1990 is combined with other firm and industry data. The sample, totalling 1,961 observations, is used for a difference-in-differences estimator on the question of a possible change after the introduction of the codetermination law. We find no evi-dence in favour of the popular hypothesis that codetermination reduces innovative activity. If anything, it increases it.

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Article provided by Duncker & Humblot, Berlin in its journal Schmollers Jahrbuch.

Volume (Year): 124 (2004)
Issue (Month): 3 ()
Pages: 421-449

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Handle: RePEc:aeq:aeqsjb:v124_y2004_i3_q3_p421-449
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