Abstract:A small but significant stream of research has emerged on how changes in corporate governance impact labour management, particularly in countries with stakeholder-oriented corporate governance. This paper briefly reviews existing empirical and theoretical literature on the links between corporate governance and labour management. Then it compares recent trends in Germany and Japan in terms of how changes in corporate governance affect the distribution of value-added, employment adjustment, pay systems and empl… Show more
“…Gray et al, 1995a;Kolk, 2003;Griffin and Weber, 2006) and or national contexts perspectives (e.g. Maignan, 2001;Chapple and Moon, 2005;Jackson, 2005;Amaeshi et al, 2006;Matten and Moon, 2008). These studies often tend to either bracket sectors or national contexts in their accounts, depending on which of the two they are focusing on.…”
Section: Discussionmentioning
confidence: 99%
“…The CME is society oriented and firms within it often tend to focus on meeting broad range of stakeholders' needs (e.g. employees, suppliers, shareholders, etc), whereas the LME is market oriented and often focuses more on meeting shareholders needs than those of any other stakeholder groups (Dore, 2000;Amable, 2003;Hall and Soskice, 2001;Fiss and Zajac, 2004;Jackson, 2005;Hancke et al, 2007). Japan and Germany are prime examples of CME whereas UK and the USA are exemplars of LME.…”
“…Aguilera and Jackson (2003), for instance, presented a comparative corporate governance model which suggests that the LME differs markedly from the CME in terms of stakeholder salience. They emphasised the need to incorporate institutional dimensions to corporate governance discourse (Jackson, 2005;Aguilera and Jackson, 2003). Following this suggestion and in order to provide some insights and clarifications into divergent findings in this field of enquiry, this study focuses on accounting for the variations of corporate stakeholder salience patterns in two extensively stylised exemplars of the VofC model -i.e.…”
The paper empirically re-examines the role of national institutions and trans-national social spaces in accounting for variations in CSR practices. Based on a longitudinal study of corporate social reporting in UK and Germany, the paper concludes that corporate stakeholder salience patterns are outcomes of interaction effects between national institutional boundaries and trans-national social spaces. It pushes the institutionalist frontier of research to corporate stakeholder salience -which is a precursor and intrinsic to both corporate accountability and corporate social responsibility. In addition, it opens a new vista of looking at corporate social reports -i.e. not only as artefacts of accountability, but also carriers and reflectors of national and trans-national characteristics and influences. The paper finally highlights implications of the findings for CSR and comparative capitalism research, respectively.
“…Gray et al, 1995a;Kolk, 2003;Griffin and Weber, 2006) and or national contexts perspectives (e.g. Maignan, 2001;Chapple and Moon, 2005;Jackson, 2005;Amaeshi et al, 2006;Matten and Moon, 2008). These studies often tend to either bracket sectors or national contexts in their accounts, depending on which of the two they are focusing on.…”
Section: Discussionmentioning
confidence: 99%
“…The CME is society oriented and firms within it often tend to focus on meeting broad range of stakeholders' needs (e.g. employees, suppliers, shareholders, etc), whereas the LME is market oriented and often focuses more on meeting shareholders needs than those of any other stakeholder groups (Dore, 2000;Amable, 2003;Hall and Soskice, 2001;Fiss and Zajac, 2004;Jackson, 2005;Hancke et al, 2007). Japan and Germany are prime examples of CME whereas UK and the USA are exemplars of LME.…”
“…Aguilera and Jackson (2003), for instance, presented a comparative corporate governance model which suggests that the LME differs markedly from the CME in terms of stakeholder salience. They emphasised the need to incorporate institutional dimensions to corporate governance discourse (Jackson, 2005;Aguilera and Jackson, 2003). Following this suggestion and in order to provide some insights and clarifications into divergent findings in this field of enquiry, this study focuses on accounting for the variations of corporate stakeholder salience patterns in two extensively stylised exemplars of the VofC model -i.e.…”
The paper empirically re-examines the role of national institutions and trans-national social spaces in accounting for variations in CSR practices. Based on a longitudinal study of corporate social reporting in UK and Germany, the paper concludes that corporate stakeholder salience patterns are outcomes of interaction effects between national institutional boundaries and trans-national social spaces. It pushes the institutionalist frontier of research to corporate stakeholder salience -which is a precursor and intrinsic to both corporate accountability and corporate social responsibility. In addition, it opens a new vista of looking at corporate social reports -i.e. not only as artefacts of accountability, but also carriers and reflectors of national and trans-national characteristics and influences. The paper finally highlights implications of the findings for CSR and comparative capitalism research, respectively.
“…Since the 1990's regulatory reform in Japan has encouraged outside investment and scrutiny (Jackson & Miyajima, 2007). Recent studies focusing on Japan and Germany suggest that such pressures from foreign and new domestic investors are associated with adoption of "US" practices and performance pressures (Ahmadjian & Robbins, 2005;Jackson, 2005;Yoshikawa & Phan, 2001, 2003Yoshikawa, Tsui-Auch, & McGuire, 2007). Foreign ownership in listed Japanese firms increased from less than 5% in 1990 to over 20% in 2003 (Seki, 2005).…”
Section: Change In Capital Markets and Shareholding Patternsmentioning
“…research in the context of topics such as corporate governance (Aguilera, Filatotchev, Gospel, & Jackson, 2008;Aguilera & Jackson, 2003;Jackson, 2005) and international business (Jackson & Deeg, 2008;Redding, 2005;Witt & Lewin, 2007;Witt & Redding, 2008).…”
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