German firms subject to the 1976 codetermination empowerment laws are less likely to make large political contributions to conservative parties.

“...CEOs in firms that are subject to codetermination have a strong incentive to refrain from using corporate funds to lobby Congress or administrative agencies in ways that benefit the wealthy few at the expense of average workers in general and employees in particular. Corporate political contributions are a case in point. A German study from 2009 finds that firms subject to the 1976 Codetermination Act are substantially less likely to make large political contributions to conservative parties. The most obvious explanation for this finding is the power held by employee directors.”

empirical