Varieties of Capitalism, Corporate Governance and Employees

Author: Shelley Marshall,Ian M. Ramsay,Richard Mitchell

Publisher: Academic Monographs

ISBN: 0522855482

Category: Capitalism

Page: 313

View: 9503

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We live in a 'corporate world' in which powerful business corporations shape and influence the activities of nation states, their national economies and their social relations. But what is it that moulds the activities of the corporations themselves? Do some societies have 'styles' of regulation that enable corporations to operate freely in the pursuit of certain interests, where others are more constrained? And, if so, are Australian companies more inclined to pursue the financial interests of shareholders and owners at the expense of employees and creditors? Corporate governance may be guided in the pursuit of particular interests by many influences, including law, politics, capital and labour and other pressure groups. How these competing pressures balance out varies enormously from state to state. Bringing together the original research by lawyers, political economists and industrial relations scholars, Varieties of Capitalism, Corporate Governance and Employees is a first Australian contribution to these complex issues.
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Working Within Two Kinds of Capitalism

Corporate Governance and Employee Stakeholding - US and EC Perspectives

Author: Irene Lynch-Fannon

Publisher: Bloomsbury Publishing

ISBN: 1847311482

Category: Law

Page: 176

View: 9208

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This text compares the corporate governance structures of the US quoted company and its European equivalent and the role which employees as non-shareholding stakeholders hold within those structures. It focuses on the incidents of ownership normally exercised by stakeholders and raises questions regarding different responses to the issue of mandated labour market regulation on both sides of the Atlantic. The text considers theoretical and practical issues raised in this context.
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Law, Corporate Governance and Partnerships at Work

A Study of Australian Regulatory Style and Business Practice

Author: Richard Mitchell,Anthony O'Donnell,Shelley Marshall,Ian Ramsay

Publisher: Routledge

ISBN: 1317107535

Category: Business & Economics

Page: 242

View: 423

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This book examines how businesses manage their labour systems, and particularly how they manage the complex interaction of factors which give rise to instances of 'partnership' style relations between businesses and their employees. The book draws from the literature concerning 'Varieties of Capitalism' (VoC) and the different institutional and regulatory designs inherent in different types of political economy. The book is informed by a new and extensive set of empirical data from Australia that examines the activities of national and multinational business corporations, their outlooks and relationships with stakeholders, and relates these to new and evolving theoretical frameworks based in political economy and law. The book places the Australian regulatory model within this international debate, and assesses the extent to which the system does or does not fit into the general categorisation created in the VoC literature.
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The Idea of Labour Law

Author: Guy Davidov,Brian Langille

Publisher: OUP Oxford

ISBN: 0191648078

Category: Law

Page: 456

View: 6293

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Labour law is widely considered to be in crisis by scholars of the field. This crisis has an obvious external dimension - labour law is attacked for impeding efficiency, flexibility, and development; vilified for reducing employment and for favouring already well placed employees over less fortunate ones; and discredited for failing to cover the most vulnerable workers and workers in the "informal sector". These are just some of the external challenges to labour law. There is also an internal challenge, as labour lawyers themselves increasingly question whether their discipline is conceptually coherent, relevant to the new empirical realities of the world of work, and normatively salient in the world as we now know it. This book responds to such fundamental challenges by asking the most fundamental questions: What is labour law for? How can it be justified? And what are the normative premises on which reforms should be based? There has been growing interest in such questions in recent years. In this volume the contributors seek to take this body of scholarship seriously and also to move it forward. Its aim is to provide, if not answers which satisfy everyone, intellectually nourishing food for thought for those interested in understanding, explaining and interpreting labour laws - whether they are scholars, practitioners, judges, policy-makers, or workers and employers.
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Managing Human Resources

Human Resource Management in Transition

Author: Stephen Bach,Martin Edwards

Publisher: John Wiley & Sons

ISBN: 1118509986

Category: Business & Economics

Page: 440

View: 1532

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This revised edition is a comprehensive, authoritative set ofessays. It is more detailed and analytical than the mainstreamtreatments of HRM. As in previous editions, Managing Human Resources analyses HRM,the study of work and employment, using an integratedmulti-disciplinary approach. The starting point is a recognitionthat HRM practice and firm performance are influenced by a varietyof institutional arrangements that extend beyond the firm. Theconsequences of HRM need to incorporate analysis of employees andother stakeholders as well as the implications for organizationalperformance.
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The Labour Constitution

The Enduring Idea of Labour Law

Author: Ruth Dukes

Publisher: OUP Oxford

ISBN: 0191038601

Category: Law

Page: 250

View: 1096

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By exploring different approaches to the study of labour law, this book re-evaluates how it is conceived, analysed, and criticized in current legislation and policy. In particular, it assesses whether so-called 'old ways' of thinking about the subject, such as the idea of the labour constitution, developed by Hugo Sinzheimer in the early years of the Weimar Republic, and the principle of collective laissez-faire, elaborated by Otto Kahn-Freund in the 1950s, are in fact outdated. It asks whether, and how, these ideas could be abstracted from the political, economic, and social contexts within which they were developed so that they might still usefully be applied to the study of labour law. Dukes argues that the labour constitution can provide an 'enduring idea of labour law', and an alternative to modern arguments which favour reorienting labour law to align more closely with the functioning of labour markets. Unlike the 'law of the labour market', the labour constitution highlights the inherently political nature of labour laws and institutions, as well as their economic functions. It constructs a framework for analysing labour laws, labour markets, and institutions, to allow scholars to critique the current policy climate and, in light of the ongoing expansion of the global labour market, assess the impact of the narrowing and disappearance of spaces for democratic deliberation and democratic decision-making on workers' rights.
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Corporate Governance and Labour Management

An International Comparison

Author: Howard F. Gospel,Andrew Pendleton

Publisher: Oxford University Press on Demand

ISBN: 9780199299232

Category: Business & Economics

Page: 384

View: 1675

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This book is about the relationship between corporate governance regimes and labour management. It examines how finance and governance influence employment relationships, work organization, and industrial relations by means of a comparative analysis of Anglo-American, European, and Japaneseeconomies. The starting point is the distinction widely found in the corporate governance, business systems, and political economy literature between countries dominated by 'shareholder value' conceptions of corporate governance and those characterized by 'stakeholder' regimes. By drawing on a wide range ofcountries, the book is able to demonstrate the complexities of corporate governance arrangements and to present a more precise and nuanced exploration of the linkages between governance and labour management. Each country-based chapter provides an analysis of the evolution and key characteristics of corporate governance and then links this to labour management institutions and practices. The chapters cover the United States, United Kingdom, Japan, Australia, France, Germany, Italy, Netherlands, andSpain, with each written by a leading academic expert in the field. By providing a historical review of the evolution of national systems, the contributors provide judicious evaluations of the current state and future direction of national governance and labour relations systems. Overall, the book goes beyond the 'complementarities' between governance and labour management systems identified in recent literature, and attempts to identify causal relationships between the two. It shows how labour management institutions and practices may influence finance and corporategovernance systems, as well as vice versa. The contributions to this book illuminate current debates about the determinants of corporate governance, the convergence of national 'varieties of capitalism', and the impact of corporate governance on managerial behaviour. The book highlights thecomplexities of corporate governance systems and refines the distinction between market/outsider and relational/insider systems.
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Corporate Governance, Employee Voice, and Work Organization

Sustaining High-Road Jobs in the Automotive Supply Industry

Author: Inge Lippert,Tony Huzzard,Ulrich Jurgens,William Lazonick

Publisher: Oxford University Press, USA

ISBN: 0199681074

Category: Business & Economics

Page: 272

View: 8491

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Corporate Governance, Employee Voice, and Work Organization explores the dynamic relations between corporate governance, employee voice, and the organization of work in the automotive supply industry. It reports on research undertaken in three countries--Germany, Sweden, and the United States--that has sought to explore and compare historical patterns of the relationships between changing governance regimes, voice, and work at plant level in an era of financialization. It also explores the prospects for high-road, sustainable jobs in the sector. Three detailed case histories from each of the countries are presented which contrast companies facing three different levels of exposure to capital markets: companies relatively sheltered from stock markets; companies that are highly exposed to them; and thirdly companies owned by private equity firms. This design allows for analysis not just across different national contexts but also within them, and questions the usefulness of the 'varieties of capitalism' appraoch in understanding these differences. The cases show that governance compromises matter, that is, that recognising the role of employee voice in corporate governance regimes is essential in any comparative analysis and understanding of corporate governance.
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Globalization and Employment Relations in the Auto Assembly Industry

A Study of Seven Countries

Author: Roger Blanpain,Russell D. Lansbury

Publisher: Kluwer Law International B.V.

ISBN: 9041126988

Category: Business & Economics

Page: 152

View: 3307

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Describes work organization, skill formation, remuneration systems, staffing arrangements and employment security, and enterprise governance and employee-management relations in seven countries: the United States, Australia, Germany, Sweden, Japan, South Korea, and China.
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Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall,David Soskice

Publisher: OUP Oxford

ISBN: 9780191530104

Category: Business & Economics

Page: 556

View: 2232

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What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.
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