When labor has a voice in corporate governance
"Equity ownership gives labor both a fractional stake in the firm's residual cash flows and a voice in corporate governance. Relative to other firms, labor-controlled publicly-traded firms deviate more from value maximization, invest less in long-term assets, take fewer risks, grow more sl...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Cambridge, MA
2005
National Bureau of Economic Research |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19185139124919033119-When-labor-has-a-voice-in-corp.htm |
