Labor empowerment in corporate boards: The devil is in the details
研究了2013年法国强制要求工人代表进入公司董事会后，员工董事在董事会中的实际参与情况，发现他们进入委员会的机会有限，且对绩效无显著影响。
Abstract In 2013, mandatory worker representation on French corporate boards was enacted. We examine the way employee directors have been incorporated within the board machinery. Our empirical results indicate that employee representatives have a limited access to board committees. This result casts doubt on the ability of employee directors to significantly influence corporate governance. Consistent with this analysis, we do not find any significant impact, either positive or negative, of codetermination on firm performance.