Finnish codetermination had a slight, but positive impact on total factor productivity
Finnish codetermination is more of an information-sharing institution than a distribution of power via formal voting rights
Finnish codetermination is associated with moderately positive, but statistically insignificant effects on firm survival, total factor productivity, and the capital-labor ratio.
Finnish worker-representatives do not believe they can affect wages, investment, outsourcing, or other strategic decisions
99% of Finnish firms above 150 employees have a shop-floor representative, 88% have a works council, and 100% have a health and safety representative/committee
The Finnish transition to worker representation is associated with a 12% - 22% reduction in job separations
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Voice at Work