{"title":"董事会层面的员工代表(Bler)与企业对危机的反应","authors":"A. Gregorič, M. S. Rapp","doi":"10.1111/irel.12241","DOIUrl":null,"url":null,"abstract":"We hypothesize that companies with board level employee representation (BLER) are less likely than other firms to experience crisis-induced employment reductions, since the employers and employees in BLER firms are better able to negotiate alternative labor-cost savings to preserve employment. Theoretically, we link this ability to BLER’s contribution in reducing information asymmetries and moral hazard in employee-employer contracting. We confirm our hypotheses by studying Scandinavian corporations with/without BLER during the Great Recession. In line with the hypothesized cooperative nature of employee-employer agreements, we also show that BLER firms did not underperform compared to other firms during the last crisis.","PeriodicalId":198334,"journal":{"name":"Labor: Personnel Economics eJournal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"18","resultStr":"{\"title\":\"Board‐Level Employee Representation (Bler) and Firms’ Responses to Crisis\",\"authors\":\"A. Gregorič, M. S. Rapp\",\"doi\":\"10.1111/irel.12241\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We hypothesize that companies with board level employee representation (BLER) are less likely than other firms to experience crisis-induced employment reductions, since the employers and employees in BLER firms are better able to negotiate alternative labor-cost savings to preserve employment. Theoretically, we link this ability to BLER’s contribution in reducing information asymmetries and moral hazard in employee-employer contracting. We confirm our hypotheses by studying Scandinavian corporations with/without BLER during the Great Recession. In line with the hypothesized cooperative nature of employee-employer agreements, we also show that BLER firms did not underperform compared to other firms during the last crisis.\",\"PeriodicalId\":198334,\"journal\":{\"name\":\"Labor: Personnel Economics eJournal\",\"volume\":\"3 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-07-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"18\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Labor: Personnel Economics eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1111/irel.12241\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labor: Personnel Economics eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/irel.12241","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Board‐Level Employee Representation (Bler) and Firms’ Responses to Crisis
We hypothesize that companies with board level employee representation (BLER) are less likely than other firms to experience crisis-induced employment reductions, since the employers and employees in BLER firms are better able to negotiate alternative labor-cost savings to preserve employment. Theoretically, we link this ability to BLER’s contribution in reducing information asymmetries and moral hazard in employee-employer contracting. We confirm our hypotheses by studying Scandinavian corporations with/without BLER during the Great Recession. In line with the hypothesized cooperative nature of employee-employer agreements, we also show that BLER firms did not underperform compared to other firms during the last crisis.