The impact of corporate governance on employment relations in South Korea: the shareholder versus stakeholder perspectives |
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Authors: | Dong Ju Kim |
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Affiliation: | Department of Business Administration, The University of Suwon, Gyeonggi-do, South Korea |
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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. |
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Keywords: | corporate governance employee participation employment relations shareholder orientation social stakeholder orientation |
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