Works
- Capital, labor, and the firm: a study of German codetermination, Journal of the European Economic Association 2(5), 863 to 905, 2004
In Organizational Structures
Known for
German codetermination
Ideas
Codetermination and firm performance. With Schmid, Gorton found that firms with equal employee and shareholder representation on the supervisory board did worse for their shareholders and had longer payrolls than firms where employees fill one-third of the seats. Caveat: Compares parity firms with one-third representation firms.