Voraussetzungen und Effekte betrieblicher Interessenvertretung in eigentümergeführten Unternehmen

2019 ◽  
Vol 67 (2) ◽  
pp. 113-144 ◽  
Author(s):  
Hans-Dieter Gerner ◽  
Holger Reinemann ◽  
Andreas Dutzi ◽  
Daniel Ludwig
Keyword(s):  
Firm Performance ◽  
Positive Influence ◽  
Economic Effects ◽  
Economic Research ◽  
Works Councils ◽  
Positive Economic ◽  
Iab Establishment Panel ◽  
Works Council ◽  
Economic Goal

Zusammenfassung Im Zentrum ökonomischer Mitbestimmungsforschung steht die Frage, ob Betriebsräte effizient sind. Die hierzu vorliegenden empirischen Befunde tendieren zu einem überwiegend positiven Einfluss von Betriebsräten auf die Performance eines Unternehmens. Weniger Beachtung in diesem Kontext fand bisher die Rolle des Eigentürmers als Geschäftsführer. Mit den Daten des IAB-Betriebspanels wird daher untersucht: (1) welchen Einfluss die Eigentümerführung auf die Wahrscheinlichkeit der Existenz eines Betriebsrats hat und (2) welche ökonomischen Effekte (Produktivität) unter den besonderen Bedingungen der Eigentümerführung erzielt werden. Mittels gepoolten OLS-Schätzungen und dynamischen Panelansätzen wird aufgezeigt, dass eigentümergeführte Unternehmen auf positive ökonomische Effekte der betrieblichen Interessenvertretung verzichten, um ihre nicht-ökonomischen Ziele wie den Erhalt von Einfluss und Kontrolle zu erfüllen. Abstract The efficiency of works councils has always been in the focus of economic research on co-determination. Empirical findings show a positive influence of works councils on firm performance. Less attention so far has been given to the role of owner-managers. The data of the IAB establishment panel is used to (1) examine the influence of owner management on the likelihood of the existence of a works council and (2) the economic effects achieved under the particular conditions of owner management. The estimations of pooled OLS and GMM models show, that owner-managers dispense with positive economic effects of works councils in order to achieve their non-economic goal of maintaining control and influence.

“Ownership structure and firm performance: the mediating role of board characteristics”

2020 ◽  
Vol 20 (4) ◽  
pp. 719-737 ◽  
Author(s):  
Md Mamunur Rashid
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Indirect Effect ◽  
Positive Influence ◽  
Board Independence ◽  
Content Type ◽  
Board Characteristics ◽  
Mediating Role ◽  
The Relationship

Purpose The purpose of this study is to examine the mediating role of corporate board characteristics in the relationship between ownership structure and firm performance in the listed public limited companies of Bangladesh. Design/methodology/approach The study analyzed 527 annual reports of listed companies in Bangladesh for the years 2015-2017. The direct and indirect effect of ownership structure on firm performance was examined using AMOS 23. Baron and Kenny’s (1986) four steps procedure was used to establish the mediating role of board characteristics. Findings The results demonstrated that foreign ownership and director ownership have significant positive influence on both accounting and market based firm’s performance, while institutional ownership exhibits positive influence only on accounting-based performance (return on assets). With respect to mediating effect, the results show that board size and board independence partially mediate the relationship between ownership structure and firm performance. Research limitations/implications The major limitation of the study is that it focuses only on three years data in examining the hypothesized relationship among the variables. Practical implications Investors, regulators and managers can get evocative insights, particularly who seek to improve their company’s performance in the capital market through restructuring their ownership structure and board composition. Originality/value The study focuses on both direct and indirect effect of ownership structure on firm performance in the context of an emerging and developing economy. In examining the indirect effect, the study uses board size and board independence as the mediating variables.

Mikroökonometrische Evaluation der ökonomischen Wirkungen betrieblicher Mitbestimmung - Möglichkeiten und Grenzen des Matching-Ansatzes / Microeconometric Evaluation of Economic Effects of Workers Participation - Options und Limits of the Matching Approach

2006 ◽  
Vol 226 (5) ◽  
Author(s):  
Birgit Schultz
Keyword(s):  
Point Of View ◽  
Economic Effects ◽  
Small Samples ◽  
Long Term Effects ◽  
Works Councils ◽  
East German ◽  
Iab Establishment Panel ◽  
Microeconometric Evaluation ◽  
Short Time

SummaryThe evaluation of economic effects of workers participation is not simple from the methodical point of view because of specific characteristics of establishments with works councils. Especially recent studies show contradictory results. In this study problems are pointed out, discussed, and options for solution are presented on the example of workers participation in East German establishments of industry and construction by the IAB-Establishment Panel.An optimal matching-algorithm which supplies good matching-results for small samples to assign ‘statistical establishment-twins’ is applied. But by reason of very short primarily spells it can only calculate short time effects. Therefore, the matching method is additionally used to construct longer observation periods. By this new application establishments with recently founded works councils are matched with so called ‘proxy establishments’ with existing works councils. As a result short observation periods are prolonged and information about long-term effects can be given.The effects on productivity, profitability and qualification level of employees show neither in short-term nor in long-term a significant impact on workers’ participation.

BRICOLAGE AND GROWTH STRATEGIES: EFFECTS ON THE PERFORMANCE OF PALESTINIAN WOMEN-LED FIRMS

2014 ◽  
Vol 19 (04) ◽  
pp. 1450023 ◽  
Author(s):  
ANA M. BOJICA ◽  
ABEER ISTANBOULI ◽  
MARIA DEL MAR FUENTES-FUENTES
Keyword(s):  
Firm Performance ◽  
Resource Constraints ◽  
Positive Influence ◽  
Resource Scarcity ◽  
Growth Strategies ◽  
Female Entrepreneurs ◽  
New Locations ◽  
Nuanced Understanding ◽  
High Level

This study explores the relationships between bricolage, firm performance and growth opportunities in contexts characterized by extreme resource scarcity. Using a sample of 160 Palestinian female entrepreneurs as representative of entrepreneurs acting in extremely resource-deprived environments, we find that bricolage has a positive influence on firm performance. Further, as predicted in the hypotheses, the role of bricolage differs depending on the type of strategy the firm develops. When firms seek to introduce new products/services or modifications in their current products/services, a high level of bricolage hinders performance. Conversely, when firms seek to expand by introducing their current products/services in new markets and opening new locations, bricolage enhances performance. This study offers a more nuanced understanding than previous research of the role of bricolage in contexts of extreme resource constraints.

scholarly journals Why is there resistance to works councils in Germany? An economic perspective

2017 ◽  
Vol 41 (3) ◽  
pp. 540-561 ◽  
Author(s):  
Steffen Müller ◽  
Jens Stegmaier
Keyword(s):  
Risk Aversion ◽  
Empirical Research ◽  
Profit Maximization ◽  
Economic Effects ◽  
Literature Analysis ◽  
Economic Perspective ◽  
Short Term ◽  
Works Councils ◽  
The Impact

Recent empirical research generally finds evidence of positive economic effects for works councils, for example with regard to productivity and – with some limitations – to profits. This makes it necessary to explain why employers’ associations have reservations about works councils. On the basis of an in-depth literature analysis, this article shows that beyond the generally positive findings, there are important heterogeneities in the impact of works councils. The authors argue that those groups of employers that tend to benefit little from employee participation in terms of productivity and profits may well be important enough to shape the agenda of their employers’ organization and have even gained in importance within their organizations in recent years. The authors also discuss the role of deviations from profit-maximizing behavior like risk aversion, short-term profit-maximization and other non-pecuniary motives, as possible reasons for employer resistance.

How does collaboration between universities and R&D firms influence performance?

2019 ◽  
Vol 57 (9) ◽  
pp. 2436-2476 ◽  
Author(s):  
Jun-You Lin
Keyword(s):  
Academic Performance ◽  
Firm Performance ◽  
Financial Performance ◽  
Economic Research ◽  
Supporting Evidence ◽  
National Bureau ◽  
Knowledge Stock ◽  
Content Type ◽  
Positive Effect

Purpose How does university-firm collaboration affect the performance of both universities and firms? The purpose of this paper is to evaluate university-firm collaborations aimed at expanding the treatment effects of collaboration ambition on university academic performance as well as collaboration ambition focused on the firm’s production of innovation and financial performance for the top 110 US universities and the top 200 US R&D performing firms. Design/methodology/approach “Two studies, based on the three archival data sets (National Bureau of Economic Research-Rensselaer Scientific Papers Database and the Harvard Dataverse Network (DVN) US Patent Citations database and Compustat database), are undertaken in the top 110 US universities and the top 200 US R&D performing firms.” The study introduces a theoretical model that explicitly addresses collaboration diversity, number of collaborations, knowledge stock and the endogeneity problem that is generated by self-selection of collaboration ambition in university and firm’s performance. Findings The results suggest that the effects of adopting proactive collaboration decision on academic performance are insignificant in the firm subsample. However, more interestingly, the authors find supporting evidence of the negative impact of collaboration on university groups. The authors also find that collaboration diversity, knowledge stock and collaboration ambition lead to stronger firm performance but the number of collaborations is smaller on firm performance. Furthermore, the authors find that collaboration ambition moderates the positive effect of the number of collaborations on firm performance. Practical implications University-firm collaboration is a multifaceted relationship, suggesting that the empirical analysis can be interpreted through the university and the firm view to enhance the understanding of the collaboration for performance creation. This study articulates the positive role of collaboration diversity, knowledge stock and collaboration ambition and the negative role of the number of collaborations on university-firm collaboration in terms of university and firm performance. Moreover, proactive collaboration ambition has the positive effect of a higher number of collaborations on firm performance. The authors conclude that policy should refrain from overly focusing on collaboration diversity, number of collaborations, knowledge stock and collaboration ambition, and the authors consider the interactions between the number of collaborations and collaboration ambition on university-firm collaboration when discussing their effects on mutual performance. Originality/value This study demonstrates the effects of university-firm collaboration on academic performance. In addition, the authors discuss the factors that influence collaboration to help the firm to increase its innovation and financial performance. Therefore, it would be interesting to see simultaneously how university-firm collaboration affects the performance of both partners.

Open innovation and firm performance: the role of organizational mechanisms

2018 ◽  
Vol 24 (3) ◽  
pp. 814-836 ◽  
Author(s):  
María J. Oltra ◽  
M. Luisa Flor ◽  
José A. Alfaro
Keyword(s):  
Firm Performance ◽  
Open Innovation ◽  
Positive Influence ◽  
Content Type ◽  
Technology Firms ◽  
Direct Generation ◽  
The Relationship ◽  
Organizational Mechanisms ◽  
Positive Effect

PurposeThe purpose of this paper is to examine the relationship between the use of open innovation (OI) practices and firm performance, and the role of organizational mechanisms (OMs) (formalization and decentralization) as moderator variables.Design/methodology/approachThe authors build a theoretical framework to define a set of hypotheses that are then verified in an empirical study. These theoretical propositions are tested by using the data gathered from a survey addressed to 244 firms in Spanish low- and medium-technology industries.FindingsWith regard to inbound practices, the practices oriented to cooperate with partners in a R&D context have a positive influence. The results show that outbound practices, either by direct generation of revenues from licensing payments or, more indirectly, through the indirect marketing and technical benefits that can stem from revealing have a positive effect on firm performance. Coupled practices, which are related to participation in clusters and innovation networks, have the highest impact on firm performance. In the industrial context examined, decentralization exerts a positive effect which enhances the effect of outbound practices meanwhile formalization reduces their positive effect.Practical implicationsThis study helps practitioners in low- and medium-technology firms to determine which OI practices are most beneficial to firm performance and how formalization and decentralization can influence the relationship between OI and firm performance.Originality/valueThis study helps determine the influence of OI practices in terms of inbound, outbound and coupled types through an analysis of low- and medium-technology firms. The OI literature is enriched by the types herein of the role of OMs, which includes an analysis of how formalization and decentralization moderate the influence of OI practices on firm performance.

On everyday academic research

2017 ◽  
pp. 98-134 ◽  
Author(s):  
J. Tirole
Keyword(s):  
Common Good ◽  
Academic Research ◽  
Research Quality ◽  
Economic Research ◽  
Relevant Research ◽  
The Common ◽  
Verification Of Models ◽  
Science And Research

In the fourth chapter of the book “The economy of the common good”, the nature of economics as a science and research practices in their theoretical and empirical aspects are discussed. The author considers the processes of modeling, empirical verification of models and evaluation of research quality. In addition, the features of economic cognition and the role of mathematics in economic research are analyzed, including the example of relevant research in game theory and information theory.

Directions and Perspectives of Political-Economic Studies

2008 ◽  
pp. 27-45
Author(s):  
A. Libman
Keyword(s):  
International Political Economy ◽  
Economic Research ◽  
Economic Power ◽  
Economic Approach ◽  
Policy Studies ◽  
Political Processes ◽  
Economic Methods ◽  
Political Economic ◽  
Economic Studies

The paper surveys the main directions of political-economic research, i.e. variants of economic and political approaches endogenizing political processes in economic models and applying economic methods to policy studies. It analyses different versions of political-economic research in different segments of scientific community: political economics, evolutionary theory of economic policy, international political economy, formal political science and theory of economic power; main methodological assumptions, content and results of positive studies are described. The author also considers the role of political-economic approach in the normative research in economics.

Analisis Pengembalian Kredit Terhadap Profitabilitas Pada PT Bank Sumut Cabang Gunungsitoli

Owner ◽  
2019 ◽  
Vol 3 (2) ◽  
pp. 160
Author(s):  
Victorinus Laoli
Keyword(s):  
Data Collection ◽  
Positive Influence ◽  
Business Continuity ◽  
Working Capital ◽  
The People ◽  
Data Collection Technique

One manifestation of the important role of banking in a region, as implemented by PT Bank Sumut, Gunungsitoli Branch, is to distribute loans for investment, consumption and working capital for the people in the area. The purpose of providing credit for banks is the return of credit that earns interest and can increase income to finance activities and business continuity. From the results of research conducted with this data collection technique, it shows that PT Bank Sumut has a number of loans from 2009 to 2014 which each year rises. From this study, it is also known that the rate of credit repayment has a positive influence on the level of profitability.

Does Diversity in The Boardroom Add Value to a Firm?

2018 ◽  
Vol 18 (5) ◽  
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Firm Size ◽  
Significant Influence ◽  
Negative Influence ◽  
Positive Influence ◽  
Future Research ◽  
Board Composition ◽  
Board Diversity

This study examines whether board diversity affects firm performance. We investigate this study using panel data of a sample of S&P 500 firms during a 12 year period. After controlling for industry, firm size, and other board composition variables, we find that all three board diversity variables of interest – gender, ethnicity, and age have a significant influence on firm performance. While ethnicity and age have a positive influence on firm performance, it was found that gender has a negative influence. Implications for future research are discussed.

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