Comparative and International Corporate Governance Facilitating hypothesis Labor influence in corporate governance does help to improve productivity and reduce labor turnover and preserve firm-specific human capital,although this may come at some expense of firm value during periods of restructuring. The"varieties of capitalism"approach argues that blockholding and employee voice are complementary and mutually reinforcing in ways that contribute to competitive advantages.=>long-term organizational capacities Employee with shareholders to promote greater accountability and decreases agency costs by monitoring,transparency and etc. ·Empirical study Dispersed ownership is combined with strong employee voice. High-performance work practices coexist under conditions of stock-market pressure.• Facilitating hypothesis • Labor influence in corporate governance does help to improve productivity and reduce labor turnover and preserve firm-specific human capital, although this may come at some expense of firm value during periods of restructuring. • The “varieties of capitalism” approach argues that blockholding and employee voice are complementary and mutually reinforcing in ways that contribute to competitive advantages.=>long-term organizational capacities • Employee with shareholders to promote greater accountability and decreases agency costs by monitoring, transparency and etc. • Empirical study • Dispersed ownership is combined with strong employee voice. • High-performance work practices coexist under conditions of stock-market pressure. Comparative and International Corporate Governance