The (Not Entirely) Financialized Enterprise – A Conceptual Proposal

Michael Faust & Jürgen Kädtler
Against the background of financialization being applied as a sort of catch-all category for corporate reorganization and especially the deterioration of labor and working conditions the paper presents the concept of the “multi-referential enterprise.“ Capital market expectations put established labor relations under a new pressure, but competing ideas remain relevant as a reference in both institutional reform processes and everyday decision making at firm level, including labor relations. Respective power positions also depend on rights...
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