Privatisation and Public Ownership in Finland

Willner, Johan

doi:10.2139/ssrn.436607

Cited by 3 publications

(1 citation statement)

References 23 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The state continues to play an important ownership role in Finland, though less so than in the past after a series of divestitures in the 1990s (Willner 2003). Its ownership share, as a percentage of the market capitalization of listed firms, held steady from 1995 to 2013 at around 10%, but the overall size of the stock market shrunk substantially, as did the value of the state's holdings over the same period (Jakobsson and Korkeamäki 2014).…”

Section: State Ownershipmentioning

confidence: 99%

Politics, markets, and CEO pay: a congruence analysis of two competing theoretical explanations of executive compensation at large firms in Finland

Rosenblum

2023

Qual Quant

View full text Add to dashboard Cite

This article conducts a congruence analysis on the historical development of CEO pay at large firms in Finland to contribute to the debate between prominent competing theoretical perspectives on the causes of CEO pay and consequent income inequality. It examines the alignment of the empirical evidence on CEO pay in Finland with a market-based theory, which emphasizes market forces, and a politics-based theory, which emphasizes the distribution of power between labor and employers, drawing from Power Resources Theory, to see whether a particular perspective holds more explanatory power. The congruence analysis finds that the expectations of the politics-based perspective are aligned with CEO pay developments in the 1970s and 1980s, when labor was strong and CEO pay was modest, as well as the difference between CEO pay developments before the mid-1990s and afterward, when employers were strong and CEO pay grew rapidly to new heights. It also finds that the market-based perspective is helpful for explaining developments starting in the mid-1990s. The impact of the market on CEO pay is shown to be contingent on the distribution of power in society.

show abstract

Section: State Ownershipmentioning

confidence: 99%

Politics, markets, and CEO pay: a congruence analysis of two competing theoretical explanations of executive compensation at large firms in Finland

Rosenblum

2023

Qual Quant

View full text Add to dashboard Cite

show abstract

Transport geography and new European realities: a critique

Hall

2010

Journal of Transport Geography

View full text Add to dashboard Cite

Labour market deregulation and the decline of labour power in North America and Western Europe

Peters

2008

Policy and Society

View full text Add to dashboard Cite

The goal of this article is to provide a critical evaluation of what has happened to organized labour and labour markets since 1980. It examines the impacts of labour market deregulation on wage share and pay standardization. It also explores how recent economic changes have weakened organized labour and eroded wage setting and social corporatism. The argument is made that contemporary institutional and ‘Varieties of Capitalism’ perspectives on labour market reform have overstated the power of states, institutions, and organized interests in deflecting global economic pressures. Drawing on a range of recent OECD statistics and qualitative studies, it is claimed that current labour deregulation policies and labour market reforms mark a fundamental break with post-war developments, and represent a reassertion of the power of capital ownership over organized labour and labour markets across North America and Western Europe. It assesses how far this reversal in power has gone by focusing on changes in four key variables: (i) job quality, (ii) wage share, (iii) pay standardization and income equality, and (iv) the effectiveness of wage setting institutions in allowing unions to bring bargaining pressure on capital. This is the first study to report on comparative changes and qualitative reforms to these labour market variables in 13 OECD countries between 1970 and the 25-year period 1980–2005.

show abstract

Privatisation and Public Ownership in Finland

Cited by 3 publications

References 23 publications

Politics, markets, and CEO pay: a congruence analysis of two competing theoretical explanations of executive compensation at large firms in Finland

Politics, markets, and CEO pay: a congruence analysis of two competing theoretical explanations of executive compensation at large firms in Finland

Transport geography and new European realities: a critique

Labour market deregulation and the decline of labour power in North America and Western Europe

Contact Info

Product

Resources

About