Journal Article

Anglo-American corporate governance and the employment relationship: a case to answer?

Simon Deakin, Richard Hobbs, Suzanne J. Konzelmann and Frank Wilkinson

in Socio-Economic Review

Published on behalf of Society for the Advancement of Socio-Economics

Volume 4, issue 1, pages 155-174
Published in print January 2006 | ISSN: 1475-1461
Published online October 2005 | e-ISSN: 1475-147X | DOI: http://dx.doi.org/10.1093/SER/mwj037
Anglo-American corporate governance and the employment relationship: a case to answer?

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  • Moral Philosophy
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The corporate governance environment in the UK and US is generally thought to be hostile to the emergence of cooperative employment relations of the kind exemplified by labour–management partnerships. We discuss case-study evidence from the UK which suggests that, contrary to this widespread perception, enduring and proactive partnerships may develop, in conditions where management can convince shareholders of the long-term gains from this approach, and where other regulatory factors operate to extend the time-horizon for financial returns. We conclude that there is more scope than is commonly allowed for measures which could reconcile liquidity in capital markets with cooperation in labour relations.

Keywords: corporate governance; labour–management partnerships; stakeholding; JEL classification: G34, J53, K22, K23

Journal Article.  8830 words. 

Subjects: Moral Philosophy ; Corporate Social Responsibility ; Welfare Economics ; Political Economy ; Economic Sociology

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