Piluso, Nicolas <br/><br/>
The effect of shareholder governance on employment and unemployment: A literature review 

 -  2024.<br/>							 
<br/><br/> 100 
<br/><br/> The purpose of this article is to analyze, by means of a literature review, the impact of shareholder governance on employment and unemployment. Specifically, it aims to identify all the transmission channels studied, which range from the financial profitability standard demanded by shareholders to their effects on employment levels. Both empirical and theoretical studies indicate that the emphasis on financial returns imposed by shareholders has a detrimental effect on employment. Several mechanisms have been put forward to explain this phenomenon, such as a crowding-out effect on productive investment or risk-shifting from shareholders to employees. In other words, while shareholder governance has the potential to improve corporate performance, it often only does so in the short term, as the resulting lack of investment and job creation deprive firms of productivity gains and productive capacity in the longer term.