search query: @indexterm industrial democracy / total: 123
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Author: | Frick, B. Speckbacher, G. Wentges, P. |
Title: | Arbeitnehmermitbestimmung und moderne Theorie der Unterneh- mung |
Journal: | Zeitschrift für Betriebswirtschaft
1999 : VOL. 69:7, p. 745-763 |
Index terms: | CO-DETERMINATION INDUSTRIAL DEMOCRACY WORKER PARTICIPATION |
Language: | ger |
Abstract: | The question, whether and to what extent legally mandated codetermination is beneficial or detrimental to firm per- formance has been and still is at the center of a rather controversial theoretical debate: On the one hand, it has been argued that if codetermination were beneficial to stockholders and workers, firms would have introduced it vo- luntarily. Moreover, by granting workers major control rights, state programs would usually violate an important rule for ensuring rational allocation - namely, the rule that those making decisions should bear the full conse- quences of the decisions they make. On the other hand, it has been pointed out that labour relations were best charac- terized as "hold-up situations" where cooperation (an indis- pensable prerequisite to a firm's success) does not emerge automatically |
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