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German Model or German Models? The spatial distribution of capital and labour in the corporate governance of stock listed companies

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  • Scholz, Robert

Abstract

In the varieties of capitalism literature, Germany is understood as a monolithic model of a coordinated market economy. This analysis shows how institutions for configuring capital and labour at the national level are implemented at state and regional level. By focussing on the labour side this article gives a contribution to the investor dominated shareholder value discussion. It identifies a spatial distinction between capital and labour and concludes a variation of German Models instead of one German Model.

Suggested Citation

  • Scholz, Robert, 2017. "German Model or German Models? The spatial distribution of capital and labour in the corporate governance of stock listed companies," Discussion Papers, Research Group Globalization, Work, and Production SP III 2017-301, WZB Berlin Social Science Center.
    • Handle: RePEc:zbw:wzbgwp:spiii2017301
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    References listed on IDEAS

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    6. Clark, Gordon L. & Wojcik, Dariusz, 2007. "The Geography of Finance: Corporate Governance in the Global Marketplace," OUP Catalogue, Oxford University Press, number 9780199213368, Decembrie.
    7. Hans-Martin Zademach, 2009. "Global finance and the development of regional clusters: tracing paths in Munich's film and TV industry," Journal of Economic Geography, Oxford University Press, vol. 9(5), pages 697-722, September.
    8. Schmidt, Christoph M & Zimmermann, Klaus F, 1991. "Work Characteristics, Firm Size and Wages," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 705-710, November.
    9. Brown, Charles & Medoff, James, 1989. "The Employer Size-Wage Effect," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1027-1059, October.
    10. Rob Bauer & Robin Braun & Gordon L. Clark, 2008. "The emerging market for European corporate governance: the relationship between governance and capital expenditures, 1997-2005," Journal of Economic Geography, Oxford University Press, vol. 8(4), pages 441-469, July.
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    12. Luojia Hu, 2003. "The Hiring Decisions and Compensation Structures of Large Firms," ILR Review, Cornell University, ILR School, vol. 56(4), pages 663-681, July.
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    Cited by:

    1. Chyz, James A. & Eulerich, Marc & Fligge, Benjamin & Romney, Miles A., 2023. "Codetermination and aggressive reporting: Audit committee employee representation, tax aggressiveness, and earnings management," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 51(C).
    2. Evers, Maren & Krzywdzinski, Martin & Pfeiffer, Sabine, 2018. "Designing wearables for use in the workplace: The role of solution developers," Discussion Papers, Research Group Globalization, Work, and Production SP III 2018-301, WZB Berlin Social Science Center.
    3. Lechowski, Grzegorz, 2019. "Beyond "dependent development" in a high-tech industry? The interplay between domestic institutions and transnational sectoral governance in the trajectories of emerging Polish IT firms [," Discussion Papers, Research Group Globalization, Work, and Production SP III 2018-302r, WZB Berlin Social Science Center, revised 2019.
    4. Scholz, Robert & Vitols, Sigurt, 2018. "Der MB-IX in börsennotierten Unternehmen: Verankerung der Mitbestimmung im letzten Jahrzehnt," Mitbestimmungsreport 43, Hans-Böckler-Stiftung, Düsseldorf.
    5. Lechowski, Grzegorz, 2018. "Beyond "dependent development" in a high-tech industry? The interplay between domestic institutions and transnational sectoral governance in the trajectories of emerging Polish IT firms," Discussion Papers, Research Group Globalization, Work, and Production SP III 2018-302, WZB Berlin Social Science Center.

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    More about this item

    Keywords

    Corporate Governance; Labour-Management Relations; Political Economy; Size and Spatial Distributions of Regional Economic Activity; Unternehmensführung; Arbeitgeber-Arbeitnehmer-Beziehungen; Politische Ökonomie; Räumliche Verteilung regionalökonomischer Aktivitäten;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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