Navigation auf zora.uzh.ch

Search ZORA

ZORA (Zurich Open Repository and Archive)

DDOS: due to massive botnet requests against our ‘Advanced Search’ we have restricted access to UZH (local and VPN). Thank you for your understanding.

Voluntary co-determination produces sustainable competitive advantage

Osterloh, Margit; Frey, Bruno S; Zeitoun, Hossam (2010). Voluntary co-determination produces sustainable competitive advantage. In: Sacconi, Lorenzo; Blair, Margaret M; Freeman, Edward; Vercelli, Alessandro. Corporate Social Responsibility and Corporate Governance: The Contribution of Economic Theory and Related Disciplines. England: Palgrave Macmillan, 332-352.

Abstract

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 board diversity while lowering transaction costs. Our analysis indicates that shareholders can increase their company’s value by adopting customized co-determination rules.

Additional indexing

Item Type:Book Section, not_refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Scope:Discipline-based scholarship (basic research)
Language:English
Date:2010
Deposited On:11 Feb 2011 09:45
Last Modified:05 Jun 2025 01:37
Publisher:Palgrave Macmillan
Series Name:IEA Series
ISBN:978-0-230-23654-7
OA Status:Green
Other Identification Number:merlin-id:800

Metadata Export

Statistics

Citations

Altmetrics

Downloads

194 downloads since deposited on 11 Feb 2011
15 downloads since 12 months
Detailed statistics

Authors, Affiliations, Collaborations

Similar Publications