登入
選單
返回
Google圖書搜尋
Corporate Governance and Employee Power in the Boardroom
Benjamin Balsmeier
Andreas Bermig
Alexander Dilger
其他書名
An Applied Game Theoretic Analysis
出版
SSRN
, 2020
URL
http://books.google.com.hk/books?id=dUDazwEACAAJ&hl=&source=gbs_api
註釋
The debate on employee representation on corporate boards has received considerable attention from scholars and politicians around the world. We provide new insights to this ongoing discussion by applying power indices from game theory to examine the actual voting power of employees on boards and its effect on firm performance. Based on unique panel data on the largest listed companies in Germany, we find an inverse U-shaped relationship between labor power and Tobin's Q. Moderate employee participation in corporate board decision-making can enhance firm value.
