Investment under company-level pacts before and during the Great Recession

verfasst von

Lutz Bellmann, Hans Dieter Gerner, Olaf Hübler

Abstract

Company-level pacts between the management and the works council are often preferred in comparison to agreements between employers’ association and unions because the former negotiating partners are better informed about the economic situation of a company and have fewer goal conflicts than the latter. Moreover, these company-level pacts might reduce the ‘hold-up’ problems which arise once specialized investment is made. Therefore, this article investigates whether such agreements affect firm-level investment. Based on the IAB Establishment Panel Survey 2001–2010 the study indicates that the adoption of a company-level pact leads to a higher investment rate than in other firms driven by reinvestment. However, the Great Recession has damped this positive influence. From the econometric analysis the article does not detect any increase in investment during the negotiation phase. After the expiration of a company-level pact, lower reinvestment and a small increase in net investment take place.

Organisationseinheit(en)

Gottfried Wilhelm Leibniz Universität Hannover

Externe Organisation(en)

Institut für Arbeitsmarkt- und Berufsforschung

Typ

Artikel

Journal

Economic and industrial democracy

Band

36

Seiten

501-522

Anzahl der Seiten

22

ISSN

0143-831X

Publikationsdatum

08.2015

Publikationsstatus

Veröffentlicht

Peer-reviewed

Ja

ASJC Scopus Sachgebiete

Betriebswirtschaft, Management und Rechnungswesen (insg.), Strategie und Management, Organisationslehre und Personalmanagement, Technologie- und Innovationsmanagement

Ziele für nachhaltige Entwicklung

SDG 8 – Anständige Arbeitsbedingungen und wirtschaftliches Wachstum, SDG 9 – Industrie, Innovation und Infrastruktur

Elektronische Version(en)

https://doi.org/10.1177/0143831X13511999 (Zugang: Geschlossen)
https://doi.org/10.15488/2325 (Zugang: Offen)