Publication: Voluntary co-determination produces sustainable competitive advantage
Voluntary co-determination produces sustainable competitive advantage
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Osterloh, M., Frey, B. S., & Zeitoun, H. (2010). Voluntary co-determination produces sustainable competitive advantage. In L. Sacconi, M. M. Blair, E. Freeman, & A. Vercelli (Eds.), Corporate Social Responsibility and Corporate Governance: The Contribution of Economic Theory and Related Disciplines (pp. 332–352). Palgrave Macmillan.
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The importance of firm-specific knowledge for a company’s sustainable competitive advantage is well established in the knowledge-based theory of the firm. However, the impact of corporate governance design on firm-specific knowledge investments is underexplored. We assess existing co-determination systems in Europe and their impact on firm performance; then we discuss voluntary co-determination as a new corporate governance design that fosters firm-specific knowledge investments, intrinsic work motivation, efficient monitoring, and bo
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Osterloh, M., Frey, B. S., & Zeitoun, H. (2010). Voluntary co-determination produces sustainable competitive advantage. In L. Sacconi, M. M. Blair, E. Freeman, & A. Vercelli (Eds.), Corporate Social Responsibility and Corporate Governance: The Contribution of Economic Theory and Related Disciplines (pp. 332–352). Palgrave Macmillan.
