Jump to ContentJump to Main Navigation
Political Determinants of Corporate GovernancePolitical Context, Corporate Impact$
Users without a subscription are not able to see the full content.

Mark J. Roe

Print publication date: 2006

Print ISBN-13: 9780199205301

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199205301.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 October 2021

A General Theory

A General Theory

(p.21) Chapter 3 A General Theory
Political Determinants of Corporate Governance

Mark J. Joe

Oxford University Press

This chapter presents a general theory regarding social peace. It holds that one way to achieve social peace is for labor to get a strong voice inside the firm. When labor influence is high, the pressure increases on managers to be less loyal to shareholders. This amplified labor voice can come through codetermination, lifetime employment, or state action that favours employees when conflict arises. The first section abstracts the firm into three parts: ownership, management, and employment. The second section describes codetermination and lifetime employment. The third section describes the positive and normative theory about social peace. The fourth section considers the efficiency implications of this theory. The last section expounds on social democracy.

Keywords:   codetermination, lifetime employment, social democracy, social peace, efficiency implications

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .