1,721,011 research outputs found
Stakeholders vs. shareholders in corporate governance
Get PDFThe paper is divided in two coordinate parts. The first considers in general the issue of stockholders vs. stakeholders oriented governance systems and their relative merits and demerits. The second part deals specifically with the issue of the principal-agent problem in a stakeholder context
Stakeholders vs. Shareholders: Economic Consequences of Alternative Corporate Arrangements
No full textSTAKEHOLDERS VS. SHAREHOLDERS IN CORPORATE GOVERNANCE
No full textThe paper is divided in two coordinate parts. The first considers in general the issue of stockholders vs. stakeholders oriented governance systems and their relative merits and demerits. The second part deals specifically with the issue of the principal-agent problem in a stakeholder context
XXV National Conference ofLabour Economics
No full textAssociazione Italiana degli Economisti del Lavoro
Università G. D’Annunzio Chieti-Pescar
Employee financial participation in Italy
No full textThe paper explores the experience gained with employee financial participation – particularly variable remuneration schemes - in Italy over the last three decades. It will first briefly describe the institutional setting, which for many years has been characterized by an absence of specific legislation promoting employee financial participation, the changes introduced in 1993, and subsequent modifications (section 2). The paper proceeds to present the results of various surveys on variable remuneration schemes undertaken in Italy over the last fifteen years, as well as recent empirical work which highlights the degree of diffusion of schemes, the main motivations behind their adoption, and the productivity effects of financial participation in Italy (section 3). The paper also addresses the current political debate in Italy regarding the reforms of the system of remuneration and corporate governance, in which participatory forms of enterprise have acquired increasing interest (section 4), before drawing the main conclusions (section 5)
Stakeholders’ protection and employees’ representation in corporate governance: institutional aspects and economic consequences
No full textThe contribution provides a critical overview of theoretical issues and institutional provisions related to the shareholder-stakeholder perspectives, and a discussion of the overall economic implications. In the first part it illustrates how the ongoing discussion on stakeholders’ vs. shareholders’ interest often suffers of some haze and muddled thinking. The second part examines the possible interventions in the sphere of corporate governance to evaluate the ways in which the alternative institutional set-ups balance the different shareholder and stakeholder interests
La retribuzione integrativa aziendale in Italia: una nuova evidenza empirica
No full textIl lavoro analizza la diffusione in Italia dei premi aziendali legati ai risultati di impresa sulla base di un dataset unico che integra le informazioni sulle imprese contenute nella rilevazione RIL-ISFOL per l’anno 2005 e i dati di bilancio dell’archivio AIDA per il periodo 200205. Uno dei principali risultati raggiunti è che la probabilità di adozione dei premi è positivamente correlata alla “capacità a pagare” da parte delle imprese e alla loro specializzazione settoriale.Inoltre,i beneficiari dei premi sono i lavoratori formati,maschi,che operano in contesti in cui la presenza del sindacato è più solida.A questi risultati,non sorprendenti,fanno da contrappeso altri risultati meno ovvi.Per tutti i settori incidono poco sull’adozione dei premi le strategie innovative,di prodotto e di processo.Conta,invece, nei servizi,il peso di lavoratori temporanei e si intravede che le integrazioni salariali si associano alle nuove forme di flessibilità occupazionale
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