The development of the Indonesian labour movement

The paper examines the development of the labour movement in Indonesia in the context of trade unionism elsewhere in the area of the Asia-Pacific region. The Indonesian labour movement is shown to exhibit a dual nature; consisting of an official sponsored and legal form of unionism, and an independent, quasi-illegal form of unionism. The two have a conflicting yet symbiotic relationship, where the state plays a very significant role in determining the parameters for behaviour in industrial relations. Although the form of state intervention in Indonesia may be different from state intervention in other comparable countries, its aims are broadly similar. In this context the Indonesian independent labour movement is shown to have had some measure of success in resisting the restrictions placed upon it in its attempt to advance its members' terms and conditions of employment.     

From Credit Risk to Social Impact: On the Funding Determinants in Interest-Free Peer-to-Peer Lending

Journal of Business Ethics - Based on a unique data set on US direct microloans, we study the funding determinants of interest-free peer-to-peer crowdlending aimed at borrowers in the US. By...     

Research Note: Injunctions as a Legal Weapon in Industrial Disputes in Britain, 1995–2005

This research note examines the frequency, nature and context of employers seeking legal injunctions in collective industrial disputes between 1995 and 2005. The number of actual and threatened applications continues to be relatively frequent compared with much of the period from 1980 to 1995, with employers overwhelmingly gaining successful outcomes. However, usage is increasingly concentrated in a small number of industrial sectors such as parts of the public sector and semi‐state industries.     

The Effect of EU Antitrust Investigations and Fines on a Firm's Valuation

EU antitrust investigations involve a sequence of events which affect the investigated firm's market value. We model these relationships and estimate their impact on firms' share prices. On average, a surprise inspection reduces a firm's share price by 2.89%, an infringement decision reduces it by 3.57%. The Court judgments do not have a statistically significant effect. Overall, we find that the total effect of the antitrust action ranges from ?3.03% to ?4.55% of a firm's market value. Fines account for no more than 8.9% of this loss, and we conjecture that most of the loss is due to the cessation of illegal activities.     

Renewing Union Narrative Resources: How Union Capabilities Make a Difference

This article explores the role of framing in mobilizing and transforming narrative resources. It draws on in‐depth studies of two different workplace unions within the same multinational company in Canada. We conducted interviews with managers and trade unionists at different levels over a number of years of observation. Each of these workplace unions mobilizes new repertoires of action to enhance its capacity to act. Yet they differ considerably in their capacity to renew their narrative resources. Whereas one of the workplace unions still relies on an exclusive and restrictive narrative, the other union has evolved towards a more encompassing and inclusive narrative. This article argues that strategic capabilities are a key variable in understanding the processes through which narrative resources change and are mobilized.     

Umverteilung durch öffentliche Realtransfers in der Hochschulbildung?

To support higher education, the public sector in Germany makes inter alia use of transfers in kind. With respect to “chances for education”, the social group-specific redistributive effects were quantified for various transfers in kind. The results show that especially students with high social backgrounds benefit from this type of support. A look “behind the scenes” reveals, however, that it is not primarily the transfer instrument but rather the allocation mechanisms of the upstream stages of the educational system which are constitutive for the redistribution effects.     

Coordinated employer bargaining and globalisation: a study of the men's clothing industry in Quebec, 1974–2012

This article looks at the political economy of employer coordination of collective bargaining in the clothing or apparel manufacturing industry in Canada over three phases of globalisation: from the Multi‐Fiber Agreement in 1974 to the impact of the entry of China in the WTO. Although prevailing accounts emphasise the force of exogenous change and the likely decentralisation of bargaining structures and demise of bargaining coordination by employers, this case highlights how unions and employers sought to preserve their institutional model. We find that actor strategies and their interrelations are a central part of the explanation of this apparent institutional stability, despite the real force of economic, organisational and public policy factors. However, it is a dynamic stability in which change processes, reflecting shifting power relations, are leading to important shifts in the nature of employer coordination.     

Strommarktdesign: Zur Ausgestaltung der Auktionsregeln an der EEX

This paper studies the design of power exchanges in liberalized electricty markets. We analyze several pricing rules for day ahead trading and show that a uniform price mechanism has quite desirable properties as compared to its alternatives. We then discuss how the particular cost structure of electricity generation can be accounted for by appropriate bid formats. We moreover analyze the effects of bid caps and price floors in electricity auctions on market performance, as well as several other aspects of electricity market design. In particular, we discuss linkage of independently operating markets for electricity, reserve energy and transmission capacities, coupling of national power exchanges, and the effects of transparency on the outcome of electricity markets.     

Ein Vergleich ausgewählter europäischer Strombörsen

We study the rules of selected european energy exchanges and compare their institutional design. In most countries (except for the UK) a uniform price mechanism is used. The rules differ, however, in the possibilities to express complementary cost components in the bids. Also the degree of international coupling of markets is very different across countries. Our comparison of the markets allows to identify attractive trading rules and yields insights on an effective electricity market design.