Publications - MPIfG

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MPIfG Report 1999–2002
states. While this expansion of the judicial power and independence
in the Union has been widely explored, the issue of
the geographical and temporal variations of the number of
social cases referred by national courts to the ECJ remains
neglected. The existence of substantive differences between
Community-level legislation and national-level legislation
and practices partly explains this uneven influence. Equally,
the question of the different national judges’ “attitudes”
towards Community law is also often mentioned. While not
unfounded, such explanations are not very satisfactory. The
objective of this postdoctoral project is to examine why, how
and under what conditions national courts mobilize Com-
Shareholder Value and Codetermination in
Germany
Martin Höpner
This doctoral project examines the shareholder orientation of
large German companies. During the 1990s, German companies
such as Veba, Hoechst or Bayer began to change their
policy towards investors. Companies introduced profitability
targets and stock option plans, set up investor relations
departments and changed their accounting standards in order
to improve their relationship with shareholders. The increasing
significance of shareholder value orientation in large
firms has been attributed to several factors such as the internationalization
of companies, changes in ownership and
company structures, or the changing labor market of top
managers. The project tests these hypotheses using econometric
methods. It also examines the consequences of shareholder
orientation of large companies for the German system of
industrial relations. It is assumed that works councils have
different attitudes towards the shareholder strategies of management,
depending on whether the company is a potential
target for hostile takeovers or not. Project duration: January
1999 to December 2002. Main project: The Impact of
Internationalization on German Industrial Relations
Martin Höpner
Wer beherrscht die Unternehmen? Shareholder Value, Managerherrschaft
und Mitbestimmung in Deutschland. Frankfurt
a.M.: Campus, 2003, 265 pp.
munity social law and resort to the Community judicial
sphere. It aims at explaining the divergent degree, forms and
dynamics of judicial politics throughout the Union. The study
has drawn more general conclusions regarding the differential
impact of European integration on judicial politics in the
social field. Project duration: October 1998 to February 2000.
Sabrina Tesoka
Judicial Politics in the European Union: Its Impact on National
Opportunity Structures for Gender Equality. MPIfG Discussion
Paper 99/2. Cologne: Max Planck Institute for the Study of
Societies, 1999, 30 pp.
Regime Competition and Integration in Political Economy
Completed Projects
Wolfgang Streeck, Martin Höpner (eds.)
Alle Macht dem Markt? Fallstudien zur Abwicklung der
Deutschland AG. Frankfurt a.M.: Campus, 2003, 289 pp.
Martin Höpner, Jürgen Beyer
The Disintegration of Organised Capitalism: German Corporate
Governance in the 1990s. In: Herbert Kitschelt, Wolfgang
Streeck (eds.), Germany: Beyond the Stable State. Special Issue
of West European Politics. London: Frank Cass Publishers
(forthcoming 2003)
Wolfgang Streeck, Martin Höpner
Alle Macht dem Markt? Einleitung. In: Wolfgang Streeck,
Martin Höpner (eds.), Alle Macht dem Markt? Fallstudien zur
Abwicklung der Deutschland AG. Frankfurt a.M.: Campus,
2003, 11–59
Martin Höpner
European Corporate Governance Reform and the German Party
Paradox. MPIfG Discussion Paper 03/4. Cologne: Max Planck
Institute for the Study of Societies, 2003, 45 pp.
Martin Höpner
Mehr Mitbestimmung durch Shareholder-Value? In: Die
Mitbestimmung, No. 6/2002, Allianz für mehr Transparenz,
2–24 (2002)
Martin Höpner, Gregory Jackson
Das deutsche System der Corporate Governance zwischen
Persistenz und Konvergenz. In: Kölner Zeitschrift für Soziologie
und Sozialpsychologie, Vol. 54, No. 4, 36–368 (2002)