When Do Employees Choose to Be Represented on the Board of Directors? Empirical Analysis of Board-level Employee Representation in Denmark

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Drawing on transaction costs economics and longitudinal data on Danish corporations, we analyse the distribution of board‐level employee representation (BLER) and the characteristics of employee directors in a context where workers have the possibility (but not also an obligation) to nominate representatives to the board of directors. We show that BLER is less likely instituted in firms with CEO or family‐related members on the board, but more likely observed in larger, older firms and in those with high firm‐specific human capital and union density. Firm‐specific human capital, qualifications and union membership also determine individual worker's probability to become a board member.
TidsskriftBritish Journal of Industrial Relations
Udgave nummer2
Sider (fra-til)241-272
Antal sider32
StatusUdgivet - jun. 2020

Bibliografisk note

Published online: 20 August 2019.