@TechReport{iza:izadps:dp4487,
            	author={Kraft, Kornelius and Stank, Jörg and Dewenter, Ralf},
            	title={Co-determination and Innovation},
            	year={2009},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4487},
            	url={https://www.iza.org/publications/dp4487},
	abstract={This paper examines the effect of the German co-determination law of 1976 (MitbestG) on the innovative activity of German firms. Co-determination applies to firms with 2000 employees or more. Data from 1971-1976 and 1981-1990 on 148 firms are used to compare the number of patents granted to co-determined firms before and after the introduction of the law. Several control variables are applied and in particular, in order to avoid a possible bias from specific effects of firm size, we compare the co-determined firms with others before and after 1976. The results do not support the view that co-determination slows down technological progress and reduces innovativeness.},
	keywords={innovation;co-determination;patents},
            }