Derek Jones, the Irma M. and Robert D. Morris Professor of Economics, was recently invited to participate in the Research Workshop on Worker Representation and Corporate Governance Reform at the London School of Economics.
Jones presented “The Productivity Effects of Worker Representation on the Board,” co-authored by Associate Professor of Economics Jeffrey Pliskin. The paper described the effect of worker representation on the board of directors by estimating separate production functions for three industries---printing, clothing, and footwear.
In their research, Jones and Pliskin also estimated the effect of profit sharing alone on productivity, as well as whether there are synergies between worker directors and profit sharing and their effects on business performance.
Jones was also a discussant for a paper by Olivier Favereau titled “Codetermination As The Normal Form of Corporate Governance: An Argument From The ‘Economics Of Conventions’.”