This chapter examines German corporate governance within a sociological framework. It first examines the basic features of post-war German corporate governance and HRM, as they existed through the late 1980s. It then considers the institutional linkages between these features. The chapter also outlines the changes in corporate ownership and finance in Germany during the 1990s, in particular the declining role of banks and the emerging market for corporate control. These changes are related to observed changes in employment and industrial relations, particularly issues of remuneration and codetermination. It is argued that linkages do exist between corporate governance and labour management, although studies often overestimates the extent to which such linkages are tight and coherent.
Keywords: Germany; corporate governance; labour management; human resource management; corporate ownership; finance; employment; industrial relations
Chapter. 12977 words. Illustrated.
Subjects: Corporate Governance
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