Unions and investment in intangible capital

Artikel

Although coverage of collective bargaining agreements has been declining for decades in most countries, it is still extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages and employment, the quality of labor-management relations, the structure of corporate governance, and the existence of social pacts, among other factors.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2023

Classification and Topics

• Classification: Wirtschaft ; Trade Unions: Objectives, Structure, and Effects ; Dispute Resolution: Strikes, Arbitration, and Mediation; Collective Bargaining ; Investment; Capital; Intangible Capital; Capacity ; Industry Studies: Manufacturing: General
• Subject: unions ; coverage ; collective bargaining ; investment ; R&D ; sunk capital

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cardullo, Gabriele ; Sulis, Giovanni
• Event: Veröffentlichung
• (who): Institute of Labor Economics (IZA)
• (where): Bonn
• (when): 2023

Further information

• DOI: doi:10.15185/izawol.201.v2
• Handle: http://hdl.handle.net/10419/274648
• Last update: 10.03.2025, 11:44 AM CET