Search results

As of 1982, federal credit unions were allowed to add select employee groups and thus create institutions with multiple-group common bonds. We examine the efficiency of single bond and multiple bond federal-chartered credit unions by using data envelopment analysis (DEA), a non-parametric, linear programming methodology. Results indicate that multiple bond credit unions have better pure technical efficiency than single bond credit unions. However, single bond credit unions appear to be more scale efficient than the multiple bond credit unions. Our results also indicate that members of multiple bond credit unions may derive greater wealth gains than members of single bond credit unions.

The authors investigate the extent to which differences in provincial union legislation have impacts on the union earnings premium.

Content analysis of provincial union regulations of 25 provinces is conducted to create two indices: one reflecting the degree of stringency of the local requirement that unions be established in a timely fashion and the other reflecting requirements for employers to negotiate wages with the union. The authors use individual level data from the China Family Panel Studies (CFPS) of 2010 to estimate the union earnings premium.

The authors find that unionised workers in China receive an earnings premium ranging from 6.4 to 9.6%, which is in range of other studies (but not all) for China that tend to find a (perhaps surprising) union wage premium in spite of the fact that unions tend to be “company unions” designed to foster stability and growth and to serve as a transmission belt for the wishes of the Party rather than bargaining for the benefit of their members. The authors also find that provincial requirements to establish unions in a timely fashion enhance the impact of unions on the earnings of their members, but provincial requirements to negotiate wages dampen the effect of unions on the earnings of their members. Reasons for these results are discussed.

Despite this lack of independence of the Chinese unions, research continuously finds that Chinese unions have effects that are surprisingly similar to those of unions in Western countries. This paper drills deeper into the underlying mechanisms to see if local union strategies, exemplified by provincial union legislation, can explain the unexpected union effects on compensation. To the authors’ knowledge, this is the first paper to do so. Moreover, the authors use individual-level data in contrast to most studies on China that use firm or provincial level aggregate data.

Many familiar global corporations have well-developed corporate social responsibility (CSR) policies that enunciate socially caring values that include the dignity and well-being of their employees. Yet opposition to independent employee voice from companies with trumpeted CSR credentials indicates an uncomfortable contradiction between rhetoric and reality in the treatment of employees as valued stakeholders. The purpose of this paper is to explore these contradictions using the lens of a libertarian tradition.

The CSR statements of three companies are examined to provide the context for their espoused values towards employees. Media, trade union and academic publications on each of the companies are then considered to identify systematic evidence of anti-union practices.

The paper illustrates the paradox of companies with espoused CSR policies advocating the dignity and well-being of their employees with often explicit coercive anti-union practices. These practices are a constraint on the negative freedom/liberty of employees in the libertarian tradition and amount to unethical behaviour on the part of the firm.

The paper offers important insights into the disconnection common in many firms between normative ethical claims in CSR statements to treat employees as valued legitimate stakeholders and the reality in the workplace.

The purpose of this study is to investigate union effects on wages, employment, and productivity in China. The relationships between unionization and these three economic variables are first tested at the national level and then examined in the eastern, central, and western regions, respectively.

Provincial-level panel data from 1994 to 2014 are used in this study, compiled from various Chinese Statistics Year Books, and covering 29 provinces. The Ordinary Least Square is firstly employed to examine union impacts. Then, in view of the endogeneity of unionization, the Two-Stage Least Square estimation with instrument variables is adopted to reexamine union effects. Overidentification tests are conducted, verifying the validity of these instruments.

At the national level, Chinese unions have significantly positive effects on wages but no significant effect on employment and productivity. In the eastern region, unions are significantly related to increased employment. In the western region, union activity not only significantly promotes wages but also improves productivity. In the central region, unionization has no significant impact. These findings suggest that equipping Chinese unions with a collective and cooperative face can generally help them improve workers' interests. Their effectiveness varies across the three economic regions.

Compared with the survey data conducted in certain cities and industries, the provincial-level panel data used in this article have the advantage of capturing the overall effects of unionization. An instrument variable method is used to address the endogeneity issue. After exploring union effects at the national level, this paper focuses on observing the differences in union roles in three economic regions.

Corporate social responsibility (CSR) reporting has been theorized as a key communication device and an integral part of a broader stakeholder integration management strategy. This paper aims to examine the relationship between CSR disclosures and organized labor, an important internal stakeholder, whose institutional role in dynamically advancing employee interests creates opportunities and challenges for strategic management and firm sustainability.

By using a sample of 2,526 US firm-year observations for the period 2002–2015, the authors demonstrate that managers in unionized contexts are more likely to issue CSR reports than managers in firms, where labor is not organized.

The authors demonstrate that managers in unionized contexts are more likely to issue CSR reports than managers in firms where labor is not organized. Considering stakeholder theory, they argue that, in unionized contexts, managers more intensively resort to CSR disclosures to form an alignment of interests, develop collaborative bonds with unions and smoothen relationships with external financial stakeholders. This effect is more prominent in areas where corporate spatial clustering and the prevailing political ideology facilitate the role of unions.

First, the data refer to USA, which may limit the generalization of the results. Hence, researchers could use cross-country datasets to overcome this limitation. Second, it would be important to know what benefits are enjoyed by the unionized companies that issue CSR reports. Third, they acknowledge that there is useful qualitative information they do not analyze. This analysis could potentially relate specific CSR information to unions’ needs and demands. Further, there are alternative channels through which companies disclose relevant information such as 10-K filings, annual reports, firm websites, media, public announcements, etc. These are not captured by the data.

Managers could benefit from the empirical analysis, which suggests that through the initiation of CSR reports a dialogue with unions is greatly facilitated. Managers should consider that CSR reports reduce information asymmetries and may attract the interest of investors. Unionists should be aware that CSR reports constitute an opportunity to identify mutual interests and align goals. Business analysts, investors and shareholders should be aware that standalone CSR reports are used by managers to reduce information asymmetries and disparities with unions and to communicate an investment-friendly context. So, market participants should factor such policies by unionized firms into their investment analyses.

The authors offer implications for managers, labor unionists and market participants.

This paper examines the relationship between CSR disclosures and organized labor, an important internal stakeholder, whose institutional role in dynamically advancing employee interests creates opportunities and challenges for strategic management and firm sustainability.

Research among credit unions in Western Australia is reported in which directors and managers of credit unions expressed their attitudes with regard to the corporate objectives of their organisation, and future directions of development for the credit union movement are suggested.

As the overall level of union membership and density has fallen in Britain throughout the 1980s (and into the 1990s), researchers have begun to pay more attention to the non‐union employment sector. For instance, considerable use has been made of the second national Workplace Industrial Relations Survey (1984) to investigate the determinants of non‐union status. The major limitation of such work, however, is that it treats the non‐union sector as essentially homogeneous in nature. Such an approach sits rather awkwardly with the following facts and findings:

“Managerial unionism” commented one writer recently “consititutes an emergent industrial relations phenomenon of major significance”. Long established in the public sector the movement of junior and middle managers into trade unions is indeed becoming increasingly evident throughout private industry. Rising job insecurity, dissatisfaction with salary levels and a decline in the individual treatment of managers by employers are some of the factors encouraging this development. New unions have been created and existing ones adapted to meet the demand. There are now more than a dozen unions catering exclusively for managerial and executive grades, as well as the more general white‐collar unions which recruit managers, notably Clive Jenkins' Association of Scientific, Technical and Managerial Staffs.

Examines union and non‐union consultation and representation arrangements at South West Water, UK.

Constitutes a briefing that is prepared by an independent writer who adds his own impartial comments.

Demonstrates that perceptions of trade union membership change over time and between people. Shows that South West Water has generally diluted trade union influence in recent years. Argues, however, that adopting a strategy of substituting unions at the workplace by individualizing the employment relationship and derecognizing the union may not always produce positive industrial‐relations outcomes.

Highlights that new European Union directives which seek to make sure employees are informed and consulted in employment matters, may mean that a mechanism for communication between management and employees at the workplace may not be enough, and that the right to be heard and have a say over important workplace issues, and at times an acknowledgement of differing interests, may be essential for achieving greater employee satisfaction and commitment.

Contains plenty to interest employer and trade union representatives involved in the ongoing debate over trade union influence.