IDEAS home Printed from https://ideas.repec.org/a/bla/indres/v52y2013i1p134-161.html
   My bibliography  Save this article

Worker Information and Firm Disclosure Analysis on French Linked Employer–Employee Data

Author

Listed:
  • Corinne Perraudin
  • Héloïse Petit,
  • Antoine Rebérioux

Abstract

Information disclosure requirements significantly increased in French listed companies in the early 2000s, converging toward the U.S./U.K. stock market standards. Following the burgeoning literature on relations between corporate governance and labor, we investigate the consequences of this process regarding worker information: does more information for shareholders mean more information for workers? Our empirical analysis takes advantage of a French (representative) establishment survey that generates linked 'employer-employee' data at two points in time, 1998 and 2004. Our results strongly suggest that worker information has improved in listed companies as an externality of the financialization process. We find however that this extra information is only partially correlated with greater employee satisfaction.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Corinne Perraudin & Héloïse Petit, & Antoine Rebérioux, 2013. "Worker Information and Firm Disclosure Analysis on French Linked Employer–Employee Data," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(1), pages 134-161, January.
    • Handle: RePEc:bla:indres:v:52:y:2013:i:1:p:134-161
    DOI: 10.1111/irel.12014
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/10.1111/irel.12014
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1111/irel.12014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Philippe Askenazy & Eve Caroli, 2006. "Innovative work practices, information technologies and working conditions: evidence for France," EconomiX Working Papers 2006-2, University of Paris Nanterre, EconomiX.
    2. Sanford M. Jacoby, 2005. "Business and Society in Japan and the United States," British Journal of Industrial Relations, London School of Economics, vol. 43(4), pages 617-634, December.
    3. Saziye Gazioglu & Aysit Tansel, 2006. "Job satisfaction in Britain: individual and job related factors," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1163-1171.
    4. Böckerman, Petri & Bryson, Alex & Ilmakunnas, Pekka, 2012. "Does high involvement management improve worker wellbeing?," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 660-680.
    5. Robert D. Mohr & Cindy Zoghi, 2008. "High-Involvement Work Design and Job Satisfaction," ILR Review, Cornell University, ILR School, vol. 61(3), pages 275-296, April.
    6. Corinne Perraudin & Héloïse Petit & Antoine Rebérioux, 2008. "The Stock Market and Human Resource Management: Evidence from a Survey of French Establishments," Recherches économiques de Louvain, De Boeck Université, vol. 74(4), pages 541-581.
    7. Ronald Dore, 2008. "Financialization of the global economy," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 17(6), pages 1097-1112, December.
    8. Luigi Zingales, 2000. "In Search of New Foundations," Journal of Finance, American Finance Association, vol. 55(4), pages 1623-1653, August.
    9. Cottini, Elena & Kato, Takao & Westergaard-Nielsen, Niels, 2011. "Adverse workplace conditions, high-involvement work practices and labor turnover: Evidence from Danish linked employer–employee data," Labour Economics, Elsevier, vol. 18(6), pages 872-880.
    10. Carol Corrado & Charles Hulten & Daniel Sichel, 2009. "Intangible Capital And U.S. Economic Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 661-685, September.
    11. Luca Enriques & Paolo Volpin, 2007. "Corporate Governance Reforms in Continental Europe," Journal of Economic Perspectives, American Economic Association, vol. 21(1), pages 117-140, Winter.
    12. Priya P. Lele & Mathias M. Siems, 2009. "Shareholder Protection: A Leximetric Approach," Chapters, in: Thankom Gopinath Arun & John Turner (ed.), Corporate Governance and Development, chapter 10, Edward Elgar Publishing.
    13. William LAZONICK, 2008. "The Quest for Shareholder Value : Stock Repurchases in the US Economy," Discussion Papers (REL - Recherches Economiques de Louvain) 2008043, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    14. Jerome P. Reiter & Elaine L. Zanutto & Larry W. Hunter, 2005. "Analytical Modeling in Complex Surveys of Work Practices," ILR Review, Cornell University, ILR School, vol. 59(1), pages 82-100, October.
    15. Froud, Julie, et al, 2000. "Restructuring for Shareholder Value and Its Implications for Labour," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(6), pages 771-797, November.
    16. Neil Conway & Simon Deakin & Suzanne Konzelmann & Héloïse Petit & Antoine Rebérioux & Frank Wilkinson, 2008. "The Influence of Stock Market Listing on Human Resource Management: Evidence for France and Britain," British Journal of Industrial Relations, London School of Economics, vol. 46(4), pages 631-673, December.
    17. Gregory Jackson, 2004. "Toward a Comparative Perspective on Corporate Governance and Labour Management," Discussion papers 04023, Research Institute of Economy, Trade and Industry (RIETI).
    18. Faccio, Mara & Lang, Larry H. P., 2002. "The ultimate ownership of Western European corporations," Journal of Financial Economics, Elsevier, vol. 65(3), pages 365-395, September.
    19. Gospel, Howard & Pendleton, Andrew (ed.), 2004. "Corporate Governance and Labour Management: An International Comparison," OUP Catalogue, Oxford University Press, number 9780199263677.
    20. Henry Hansmann & Reinier Kraakman, 2000. "The End Of History For Corporate Law," Yale School of Management Working Papers ysm136, Yale School of Management, revised 01 Feb 2001.
    21. Kostant, Peter C., 1999. "Exit, voice and loyalty in the course of corporate governance and counsel's changing role," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(3), pages 203-246.
    22. Ronald Dore, 2008. "Financialization of the global economy," Stato e mercato, Società editrice il Mulino, issue 3, pages 373-394.
    23. Andrew E. Clark, 1996. "Job Satisfaction in Britain," British Journal of Industrial Relations, London School of Economics, vol. 34(2), pages 189-217, June.
    24. John Armour & Simon Deakin & Suzanne J. Konzelmann, 2003. "Shareholder Primacy and the Trajectory of UK Corporate Governance," British Journal of Industrial Relations, London School of Economics, vol. 41(3), pages 531-555, September.
    25. John Armour & Simon Deakin & Suzanne J. Konzelmann, 2003. "Shareholder Primacy and the Trajectory of UK Corporate Governance," Working Papers wp266, Centre for Business Research, University of Cambridge.
    26. Victor Y. Haines III & Patrice Jalette & Karine Larose, 2010. "The Influence of Human Resource Management Practices on Employee Voluntary Turnover Rates in the Canadian Non Governmental Sector," ILR Review, Cornell University, ILR School, vol. 63(2), pages 228-246, January.
    27. Jean Tirole, 2006. "The Theory of Corporate Finance," Post-Print hal-00173191, HAL.
    28. repec:dau:papers:123456789/7143 is not listed on IDEAS
    29. William Lazonick, 2008. "The Quest for Shareholder Value: Stock Repurchases in the US Economy," Recherches économiques de Louvain, De Boeck Université, vol. 74(4), pages 479-540.
    30. Motohiro Morishima, 1991. "Information Sharing and Collective Bargaining in Japan: Effects on Wage Negotiation," ILR Review, Cornell University, ILR School, vol. 44(3), pages 469-485, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michel Aglietta & Antoine Rebérioux, 2012. "Financialisation and the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 23, Edward Elgar Publishing.
    2. Mathieu Floquet & Pierre Labardin, 2014. "Les déterminants de la sous-traitance de la fonction comptable dans les entreprises françaises," Post-Print hal-01899426, HAL.
    3. Antoine Rebérioux & Gwenaël Roudaut, 2019. "The Role of Rookie Female Directors in a Post‐Quota Period: Gender Inequalities within French Boards," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 58(3), pages 423-483, July.
    4. Loris Guery & Anne Stévenot, 2017. "L’actionnariat salarié favorise-t-il la diffusion d’information aux salariés et leur participation aux décisions stratégiques ? Une question de gouvernance d’entreprise," Post-Print hal-02500129, HAL.
    5. Patricia Crifo & Antoine Rebérioux, 2016. "Corporate governance and corporate social responsibility: a typology of OECD countries," Post-Print halshs-01591993, HAL.
    6. François Belot & Timothée Waxin, 2017. "Labor Conflicts in French Workplaces: Does (the Type of) Family Control Matter?," Journal of Business Ethics, Springer, vol. 146(3), pages 591-617, December.
    7. Crettez, Bertrand & Deffains, Bruno & Musy, Olivier, 2014. "Legal convergence and endogenous preferences," International Review of Law and Economics, Elsevier, vol. 39(C), pages 20-27.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Perraudin, Corinne & Petit, Héloïse & Rebérioux, Antoine, 2011. "Worker information and firm disclosure: Analysis of French workplace data," CEPREMAP Working Papers (Docweb) 1105, CEPREMAP.
    2. Neil Conway & Simon Deakin & Suzanne Konzelmann & Héloïse Petit & Antoine Rebérioux & Frank Wilkinson, 2008. "The Influence of Stock Market Listing on Human Resource Management: Evidence for France and Britain," British Journal of Industrial Relations, London School of Economics, vol. 46(4), pages 631-673, December.
    3. Labadi, Moufida & Nekhili, Mehdi, 2012. "Structure de propriété et partage de la valeur ajoutée : application aux entreprises françaises non financières du SBF120," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 12.
    4. Michel Aglietta & Antoine Rebérioux, 2012. "Financialisation and the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 23, Edward Elgar Publishing.
    5. Tristan Auvray & Olivier Brossard, 2013. "French connection: interlocking directorates and the ownership-control nexus in an insider governance system," Working Papers hal-00842582, HAL.
    6. Adegbite, Emmanuel & Amaeshi, Kenneth & Nakajima, Chizu, 2013. "Multiple influences on corporate governance practice in Nigeria: Agents, strategies and implications," International Business Review, Elsevier, vol. 22(3), pages 524-538.
    7. Mahoney, Joseph T., 2012. "Towards a Stakeholder Theory of Strategic Management," Working Papers 12-0100, University of Illinois at Urbana-Champaign, College of Business.
    8. HAURET Laetitia & MARTIN Ludivine & OMRANI Nessrine & WILLIAMS Donald R., 2016. "Exposure, participation in human resource management practices and employee attitudes," LISER Working Paper Series 2016-16, Luxembourg Institute of Socio-Economic Research (LISER).
    9. Corinne Perraudin & Héloïse Petit & Antoine Rebérioux, 2007. "Marché boursier et gestion de l'emploi : analyse sur données d'entreprises françaises," Post-Print halshs-00175873, HAL.
    10. François Belot & Timothée Waxin, 2017. "Labor Conflicts in French Workplaces: Does (the Type of) Family Control Matter?," Journal of Business Ethics, Springer, vol. 146(3), pages 591-617, December.
    11. Laetitia Hauret & Ludivine Martin & Nessrine Omrani & Donald R Williams, 2022. "How do HRM practices improve employee satisfaction?," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 43(2), pages 972-996, May.
    12. Robé Jean-Philippe, 2012. "Science vs. Ideology: A Comment on Lynn Stout's New Thinking on "Shareholder Primacy"," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 2(2), pages 1-13, June.
    13. Driver, Ciaran & Guedes, Maria João Coelho, 2012. "Research and development, cash flow, agency and governance: UK large companies," Research Policy, Elsevier, vol. 41(9), pages 1565-1577.
    14. Gregor Bouville & David Alis, 2014. "The effects of lean organizational practices on employees' attitudes and workers' health: evidence from France," Post-Print halshs-01104687, HAL.
    15. Rachelle Belinga & Blanche Segrestin, 2018. "Principals and stewards? An exploration of the role of institutional investors in corporate governance," Post-Print hal-01791931, HAL.
    16. Christian Weiss & Stefan Hilger, 2012. "Ownership concentration beyond good and evil: is there an effect on corporate performance?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(4), pages 727-752, November.
    17. Anne Stevenot & Loris Guery & Geoffrey Wood & Chris Brewster, 2018. "Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms," British Journal of Industrial Relations, London School of Economics, vol. 56(4), pages 859-881, December.
    18. Marc Berninger & Markus Klug & Dirk Schiereck, 2018. "Börsenrückzüge infolge steigender Corporate-Governance-Anforderungen – Empirische Evidenz von 13 europäischen Kapitalmärkten [Delistings due to Increased Corporate Governance Requirements – Empiric," Schmalenbach Journal of Business Research, Springer, vol. 70(4), pages 351-391, December.
    19. Lukáš Marek, 2012. "Institutional Differences Between the British and German Economic Models: Corporate Sector and Labour Market [Institucionální odlišnosti britského a německého ekonomického modelu. S důrazem na fire," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2012(1), pages 25-38.
    20. Alessandro Tampieri, 2010. "Sex and the Uni: Higher Education Effects in Job and Marital Satisfaction," Discussion Papers in Economics 10/07, Division of Economics, School of Business, University of Leicester, revised Sep 2010.

    More about this item

    JEL classification:

    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:indres:v:52:y:2013:i:1:p:134-161. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0019-8676 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.