Codetermination and Power in the Workplace

"How does codetermination—entitling workers to participate in firm governance, either through membership on company boards or the formation of works councils—affect corporate decision making? We critically discuss the history and contemporary operation of European codetermination arrangements and review empirical evidence on their effects on firms and workers. Our review suggests that these arrangements are unlikely to significantly shift power in the workplace for most outcomes, but may mildly improve worker welfare."

2021

Academic Paper

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