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Institutionnalisation des régimes de gouvernance et rôle des institutions socles : le cas de la cogestion allemande

Author

Listed:
  • Peter Wirtz

    () (Centre de Recherche Magellan - UJML - Université Jean Moulin Lyon 3 - Institut d'Administration des Entreprises (IAE) - Lyon)

  • Pierre-Yves Gomez

    (EM LYON Business School - EM LYON)

Abstract

Codetermined supervisory boards with half of the directors representing employees are one of the distinctive features of the German corporate governance system. This is often supposed to be rooted in typically "German culture". The present contribution reveals however that this supposedly "German tradition" is a myth. The specific regime of codetermined supervisory boards is rather the outcome of the dramatic political and institutional circumstances of the late nineteen-forties, having witnessed a fierce fight and the mobilization of various actors ranging from politicians and industrialists to trade unionists. On the way to an institutional consensus, the German catholic church played a significant, albeit seldom recognized, role. It acted as a "base institution" positively influencing the efforts of mobilization in favor of board codetermination and making an agreement possible.

Suggested Citation

  • Peter Wirtz & Pierre-Yves Gomez, 2008. "Institutionnalisation des régimes de gouvernance et rôle des institutions socles : le cas de la cogestion allemande," Post-Print halshs-00746276, HAL.
  • Handle: RePEc:hal:journl:halshs-00746276
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00746276
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    References listed on IDEAS

    as
    1. O'Sullivan, Mary, 2001. "Contests for Corporate Control: Corporate Governance and Economic Performance in the United States and Germany," OUP Catalogue, Oxford University Press, number 9780199244867.
    2. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 2000. "Investor protection and corporate governance," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 3-27.
    3. Mary O'Sullivan, 1998. "The Political Economy of Corporate Governance in Germany," Macroeconomics 9805004, EconWPA.
    4. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. repec:hrv:faseco:30747162 is not listed on IDEAS
    7. Peter Wirtz, 2002. "Politique de financement et gouvernement d'entreprise," Post-Print hal-01182989, HAL.
    8. McCahery, Joseph A. & Moerland, Piet & Raaijmakers, Theo & Renneboog, Luc (ed.), 2002. "Corporate Governance Regimes: Convergence and Diversity," OUP Catalogue, Oxford University Press, number 9780199247875.
    9. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    10. Mary O'Sullivan, 1998. "The Political Economy of Corporate Governance in Germany," Economics Working Paper Archive wp_226, Levy Economics Institute.
    11. Gérard Charreaux & Peter Wirtz, 2006. "Gouvernance des entreprises," Post-Print hal-00384939, HAL.
    12. Peter Wirtz, 2008. "Les meilleures pratiques de gouvernance d'entreprise," Post-Print halshs-00746263, HAL.
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    Cited by:

    1. Bernard Laurent & Peter Wirtz, 2013. "Founder-CEO values, the conception of ownership and governance models illustrated in a case study of Auchan," Working Papers halshs-00796728, HAL.
    2. repec:dau:papers:123456789/4821 is not listed on IDEAS

    More about this item

    Keywords

    cogestion; mobilisation; institution socle; église catholique;

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • P11 - Economic Systems - - Capitalist Systems - - - Planning, Coordination, and Reform
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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