Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322751 
Year of Publication: 
2008
Series/Report no.: 
Discussion Papers Series No. 08-05
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
Although works councils have, by and large, equally extensive legal rights in Germany and the Netherlands, this is the first econometric analysis that investigates the influence of works councils on firm performance for the Netherlands. We use a nation-wide Dutch dataset with information on management's perceptions of the works council's impact on their firms' efficiency and innovation. Following Jirjahn and Smith (2006), we find that managerial perceptions crucially depend on the firm's human resource management policies and market strategies. Additionally, we argue that managerial perceptions are related to the works council's role attitude and management's leadership style. For this argument, we find support, too.
Subjects: 
works councils
managerial response
effectiveness
efficiency
innovation
Document Type: 
Working Paper

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