Employee Co-determination of German Private Companies: Smooth Earnings as a Job Protection Instrument?
Speaker
Thomas Loy
Faculty of Business Administration and Economics,
Universität Bielefeld
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Abstract
This study investigates the influence of employee participation on supervisory boards on firms’ earnings patterns. Attributable to legal requirements, employees obtain up to half the seats on the supervisory boards of German firms. Supervisory boards control management and thus financial reporting. The results of this paper contribute to literature for several reasons. Employees seemingly view smooth company income as a job protection device. Co-determined supervisory boards exhibit a significantly positive relationship with income smoothing. The positive association increases with higher degrees of co-determination.
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Information
- Type
- Research Seminar
- Programme
- Finance & Accounting
- Date
- Fri. 7 Dec. 2012
- Time
- 11:30 - 13:00
- Location
- Mandeville Building T3-42
Coordinators
Rotterdam School of Management (RSM),
Erasmus University Rotterdam
Felix Lamp
Erasmus School of Economics (ESE),
Erasmus University Rotterdam
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