Abstract
changes in corporate governance impact labour management, particularly in countries with stakeholder-oriented corporate governance. This paper briefly reviews existing empirical and theoretical literature on the links between corporate governance and labour management. Then it compares recent trends in Germany and Japan in terms of how changes in corporate governance affect the distribution of value-added, employment adjustment, pay systems and employee participation. Germany and Japan have proven able to adapt and modify their stakeholder model of employment and employee participation to changing circumstances. However, the size of the core model is getting smaller
Original language | English |
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Pages (from-to) | 419 - 428 |
Number of pages | 10 |
Journal | Corporate Governance: An International Review |
Volume | 13 |
Issue number | 3 |
DOIs | |
Publication status | Published - May 2005 |