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FINANCIAL STRATEGIES AND ECOLOGICAL TRANSITION AND LABOUR POLICIES IN A GLOBALISED WORLD (INACTIVE 2023/24)
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FINANCIAL STRATEGIES AND ECOLOGICAL TRANSITION AND LABOUR POLICIES IN A GLOBALISED WORLD (INACTIVE 2023/24)
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Anno accademico 2023/2024
- Codice attività didattica
- CPS0742
- Corso di studio
- Master's Degree Course in Economic analysis and policy
- Anno
- 2° anno
- Periodo
- Da definire
- Tipologia
- Affine o integrativo
- Crediti/Valenza
- 6
- SSD attività didattica
- SECS-P/03 - scienza delle finanze
- Erogazione
- Tradizionale
- Lingua
- Inglese
- Frequenza
- Facoltativa
- Tipologia esame
- Orale
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Sommario insegnamento
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Obiettivi formativi
What is the ultimate responsibility of the business firm? To act in the best
interest of its shareholders? To consider the interests of different
stakeholders, assuming a « social responsibility »? What about the
relationships between finance on one side, and labour on the other side? This
seminar examines these questions, as part of a broader reflection on the
coming ecological and social transition. In the mainstream literature,
corporate governance is defined as the set of mechanisms allowing
shareholders to get a return on their financial investment. Issues relating to
labour and employment are usually not considered. In contrast with this
perspective, we adopt a more inclusive approach, defining corporate
governance as the set of rules and practices that shape decision-making
within firms. This broader perspective allows re-integrating labour into the
debate. In particular, we examine the role workers and their representatives
play in shaping decision-making, through a variety of mechanisms (including
codetermination). We also show that corporate governance has a significant
impact on productivity, remunerations, working conditions, job security,
inequalities, etc. We finally pay attention to gender inequalities in corporate
governance, and their likely effects on business strategies. The content of
the seminar will be both theoretical (with an examination of the literature in
institutional economics, socio-economy and corporate and labor law) and
empirical (with a focus on studies using micro-data on firms and workers).- Oggetto:
Risultati dell'apprendimento attesi
This course will provide students with knowledge on corporate governance and labour.
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Programma
Indicative list of
lectures:
Seminar 1: Corporate governance and the firm
Seminar 2: Managerial and firm accountability: Shareholder primacy versus CSR
Seminar 3: Worker voice in the firm
Seminar 4: Gender inequalities in top positions
Seminar 5: Labour market segmentation and firm heterogeneity- Oggetto:
Modalità di insegnamento
The classes will be held in English in the form of lecture courses.
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Modalità di verifica dell'apprendimento
Each student will have to write an essay (around 25000
characters, including spaces and bibliography) relating
her/his Master’s thesis and the seminar content. If not
possible, she/he will critically assess an important
academic paper (to be decided with the professor).
Homework to be delivered for end of February 2023Testi consigliati e bibliografia
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Hansmann, H. and Kraakman, R., (2004), “What is corporate law?”, in
Kraakman, R., Davies, P., Hansmann, H., Hertig, G., Hopt, K., Kanda, H.
and Rock, E., The Anatomy of Corporate Law. A Comparative and
Functional Approach, Oxford University Press.
Gelter, M., (2016), “Comparative corporate governance: old and new”,
ECGI Law working paper, n°321.
Berle, A. and Means, G. 1932. The Modern Corporation and Private
Property, New York, Harcourt, Brace and World, new ed. 1967; Book 4.
Blair, M. and Stout, L. 1999. “A Team Production Theory of Corporate
Law”, Virginia Law Review, vol. 85, 247-328
Moore M. and A. Rebérioux, (2011), “Revitalizing‘the institutional roots
of Anglo-American corporate governance”, Economy and Society,
vol.40(1), pp.84-111.
Conchon, A. (2013), “Workers’ voice in corporate governance. A European
perspective”, Economic Report Series, London, TUC.
Kraft, K., Stank, J. and Dewenter, R. (2011), “Codetermination and
innovation”, Cambridge Journal of Economics, vol. 35(1), pp.145-;172.
Jäger, S., Schoefer, B. and Heining, J. (2019), “Labor in the Boardroom”,
IZA Discussion Paper, n°12700, November.
Seminar 4: Gender inequalities in top positions
Adams R, (2016), 'Women on boards: The superheroes of tomorrow?'
Leadership Quarterly, vol. 27, pp. 371 -; 386.
Rebérioux A. and Roudaut G. (2019), “Rookie female directors in a postquota period: gender inequalities within French boards”, Industrial
relations, vol.58(3), pp.423-483.
Seminar 5: Labour market segmentation and firm heterogeneity
Doeringer P. and Piore M. (1971), Internal Labor Market and Manpower
Analysis, Heath Lexington Books. Chapter I (Introduction) + Chapter 8
(Low income employment and the disadvantaged labor force)
Rubery J. and Piasna A. (2016), “Labour market segmentation and the EU
reform agenda: developing alternatives to the mainstream”, ETUI
Working paper 2016.10.
Song J., Price D., Guvenen F., Bloom N. and Wachter T. (2015), “Firming
up Inequality”, NBER working paper, 21199- Oggetto:
Note
This course will be held in Paris.- Oggetto:
