Abstract
| Original language | English |
|---|---|
| Journal | Industrial Relations |
| Volume | 58 |
| Issue number | 3 |
| Pages (from-to) | 376-422 |
| Number of pages | 47 |
| ISSN | 0019-8676 |
| DOIs | |
| Publication status | Published - Jul 2019 |
Cite this
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Board-level Employee Representation (BLER) and Firms’ Responses to Crisis. / Gregoric, Aleksandra; Rapp, Marc Steffen.
In: Industrial Relations, Vol. 58, No. 3, 07.2019, p. 376-422.Research output: Contribution to journal › Journal article › Research › peer-review
TY - JOUR
T1 - Board-level Employee Representation (BLER) and Firms’ Responses to Crisis
AU - Gregoric, Aleksandra
AU - Rapp, Marc Steffen
PY - 2019/7
Y1 - 2019/7
N2 - We hypothesize that companies with board‐level employee representation (BLER) experience a lower probability of crisis‐induced dismissals than other firms. Theoretically, we link this effect to the employee directors’ ability to reduce the information asymmetry and moral hazard in employee–employer contracting, thereby facilitating the implementation of labor‐cost adjustments that are an alternative to workforce dismissals. We confirm our hypotheses by analyzing the behavior of Scandinavian public corporations with/without employee directors during the Great Recession.
AB - We hypothesize that companies with board‐level employee representation (BLER) experience a lower probability of crisis‐induced dismissals than other firms. Theoretically, we link this effect to the employee directors’ ability to reduce the information asymmetry and moral hazard in employee–employer contracting, thereby facilitating the implementation of labor‐cost adjustments that are an alternative to workforce dismissals. We confirm our hypotheses by analyzing the behavior of Scandinavian public corporations with/without employee directors during the Great Recession.
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U2 - 10.1111/irel.12241
DO - 10.1111/irel.12241
M3 - Journal article
VL - 58
SP - 376
EP - 422
JO - Industrial Relations
JF - Industrial Relations
SN - 0019-8676
IS - 3
ER -