Panel "Does Corporate Governance Intermediate between Finance and Labor?"

Description

Financialization is a new conceptual approach to analyzing the growing role and influence of financial markets on a wide variety of economic and social phenomena. Researchers have made considerable process in identifying macroeconomic and financial system changes associated with financialization, including the increasing size of the financial system relative to the “real” economy, the creation and growth of financial markets for an increasing number of products. These researchers have shown that an increasing risk orientation on financial markets and the securitization and sale of a range of financial products including high-risk mortgages, consumer loans, and private equity finance directly contributed to the financial crisis. So far, relatively little work has been done linking these trends with changes in labor relations and the employment relations at the firm level. There is also need for crossnational comparative analysis. Researchers working on human resources and industrial relations have recognized the significance of a greater orientation of firms to financial markets (e.g. “shareholder value”) for employment relations, but this work has not yet been systematically analyzed from the perspective of financialization. the dynamics of financialization and their impact on the employment relations and industrial relations at the company level. A special focus of the panel in question was on corporate governance and if or how CG initiatives on a firm level are able to mediate between finance and labor. The congess was organized by Sigurt Vitols and the project group Modes of Economic Governance (WZB Berlin Social Science Center).

Period	28 Feb 2014
Event type	Conference
Location	GermanyShow on map