Corporate governance, entrenched labor, and economic growth [microform] / William R. Emmons and Frank A. Schmid.
"The German system of codetermination contributes to the entrenchment of labor. We show in a two-period model of project choice that entrenched labor leads to underinvestment and overstaffing. We provide empirical evidence that German firms subject to codetermination with equal representation o...
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Format: | Microfilm Book |
Language: | English |
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[Saint Louis, Mo.] :
Research Dept., Federal Reserve Bank of St. Louis,
[2001]
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Series: | Working paper (Federal Reserve Bank of St. Louis) ;
2001-023A. ASI microfiche library. Non-depository collection ; ASI 2001 9391-19.122. |
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ASI 2001 9391-19.122
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ASI 2001 9391-19.122
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