Global finance and the German model : German corporations, market incentives, and the management of employer-sponsored pension institutions

Auteurs :
CLARK, G.L.
MANSFIELD, D.
TICKELL, A.

Description :
The AA. concentrate on the nature and organization of German employer-sponsored pension institutions in relation to Anglo-American management practice. Two issues drive the analysis. One has to do with an emerging coalition between corporate management and shareholders with respect to the market value of the firm. The second issue has to do with the allocation of risk and uncertainty between the social partners when negociating the financing and final value of promised retirement income. The AA. suggest that the German model is more fragile than commonly realized.


Type de document :
Article de périodique

Source :
Transactions - Institute of British Geographers (1965), issn : 0020-2754, 2002, vol. 27, n°. 1, p. 91-110, Collation : Illustration, Références bibliographiques : 53 ref.

Date :
2002

Editeur :
Pays édition : Royaume-Uni, London, Institute of British Geographers