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

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dc.identifier.uri Bellmann, Lutz Gerner, Hans-Dieter Hübler, Olaf 2017-11-17T09:49:35Z 2017-11-17T09:49:35Z 2015
dc.identifier.citation Bellmann, L.; Gerner, H.-D.; Hübler, O.: Investment under company-level pacts before and during the Great Recession. In: Economic and Industrial Democracy 36 (2015), Nr. 3, S. 501-522. DOI:
dc.description.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. © 2013, © The Author(s) 2013. eng
dc.language.iso eng
dc.publisher London : SAGE Publications Ltd.
dc.relation.ispartofseries Economic and Industrial Democracy 36 (2015), Nr. 3
dc.rights Es gilt deutsches Urheberrecht. Das Dokument darf zum eigenen Gebrauch kostenfrei genutzt, aber nicht im Internet bereitgestellt oder an Außenstehende weitergegeben werden. Dieser Beitrag ist aufgrund einer (DFG-geförderten) Allianz- bzw. Nationallizenz frei zugänglich.
dc.subject Deregulation of industrial relations eng
dc.subject industrial relations eng
dc.subject trade unions eng
dc.subject.ddc 320 | Politik ger
dc.title Investment under company-level pacts before and during the Great Recession
dc.type article
dc.type Text
dc.relation.issn 0143-831X
dc.bibliographicCitation.issue 3
dc.bibliographicCitation.volume 36
dc.bibliographicCitation.firstPage 501
dc.bibliographicCitation.lastPage 522
dc.description.version publishedVersion
tib.accessRights frei zug�nglich

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