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[연구]The impact of corporate governance on employment relations in South Korea: the shareholder versus st
2015.09.01 Views 1026 경영학연구분석센터
The International Journal of Human Resource Management
Volume 26, 2015 - Issue 17, Pages 2143-2165
Dong Ju Kim & Dong-One Kim
http://www.tandfonline.com/doi/abs/10.1080/09585192.2014.972428
Abstract
This study empirically examined the impact of corporate governance on employment relations outcomes utilizing a comprehensive data set drawn from 214 Korean firms. The study contrasted the stakeholder and shareholder perspectives of corporate governance in investigating the impact of corporate governance on employment relations outcomes. The results showed that the stakeholder corporate governance orientation (as compared to the shareholder orientation) had positive relationships with education/training expense, the level of average employee tenure and industrial relations climate, and had a negative association with number of strikes. Overall, the results implied that the stakeholder orientation of firms led to more beneficial effects for employees and more consensual relations with labor unions than the shareholder orientation did.
Keywords
corporate governance, employee participation, employment relations, shareholder orientation, social stakeholder orientation
Volume 26, 2015 - Issue 17, Pages 2143-2165
Dong Ju Kim & Dong-One Kim
http://www.tandfonline.com/doi/abs/10.1080/09585192.2014.972428
Abstract
This study empirically examined the impact of corporate governance on employment relations outcomes utilizing a comprehensive data set drawn from 214 Korean firms. The study contrasted the stakeholder and shareholder perspectives of corporate governance in investigating the impact of corporate governance on employment relations outcomes. The results showed that the stakeholder corporate governance orientation (as compared to the shareholder orientation) had positive relationships with education/training expense, the level of average employee tenure and industrial relations climate, and had a negative association with number of strikes. Overall, the results implied that the stakeholder orientation of firms led to more beneficial effects for employees and more consensual relations with labor unions than the shareholder orientation did.
Keywords
corporate governance, employee participation, employment relations, shareholder orientation, social stakeholder orientation