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Efficiency in employee-owned enterprises : an econometric case study of Mondragon
Arando, Saioa; Gago, Monica; Jones, Derek Charles; … - 2011
We provide the first econometric study of efficiency for a member of the Mondragon group of worker cooperatives. Eroski … difference models we find that hypermarket stores with cooperative ownership grow sales significantly faster than GESPA stores … cooperatives. Finally, while cooperative members are better paid than their peers in comparable firms, individual-level data also …
Persistent link: https://www.econbiz.de/10009306898
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Wages, employment, and capital in capitalist and worker-owned firms
Pencavel, John H. (contributor);  … - 2006
Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a matched employer-worker panel data set from Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms. These differences are related to orthodox...
Persistent link: https://www.econbiz.de/10003339781
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Equality under threat by the talented : evidence from worker-managed firms
Burdín, Gabriel - 2013
Are high-ability individuals more likely to quit egalitarian regimes? Does the threat of exit by talented individuals restrict the redistributive capacity of democratic organizations? This paper revisits that long-standing debate by analyzing the interplay between compensation structure and quit...
Persistent link: https://www.econbiz.de/10010229493
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Workplace democracy and job flows
Alves, Guillermo; Burdín, Gabriel; Dean, Andres - 2014
the understanding of the allocative efficiency effects of worker participation. …
Persistent link: https://www.econbiz.de/10010415537
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The labor supply of self-employed workers : the choice of working hours in worker co-ops
Pencavel, John H. - 2014
Workers in cooperatives are self-employed workers and, if they resemble employees in conventional workplaces, they care about the length of their working hours. In this paper, their choice of hours is characterized as a conventional labor supply decision and a familiar hours-wage relationship is...
Persistent link: https://www.econbiz.de/10010417961
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The economic preferences of cooperative managers
Alves, Guillermo; Blanchard, Pablo; Burdín, Gabriel; … - 2019
A growing body of research has been investigating the role of management practices and managerial behaviour in conventional private firms and public sector organizations. However, little is known about managers' behavioural profile in noninvestor-owned firms. This paper aims to fill this gap by...
Persistent link: https://www.econbiz.de/10012005588
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Does employee stock ownership work? : evidence from publicly-traded firms in Japan
Kato, Takao; Miyajima, Hideaki; Ōwan, Hideo - 2018
per employee results in statistically significant productivity gains. Furthermore, such productivity gains are found to …-executive employees and stock option aimed at incentivizing executives. Finally the positive effects on productivity, profitability, wages …
Persistent link: https://www.econbiz.de/10011881507
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Profit sharing and workplace productivity : does teamwork play a role?
Long, Richard J.; Fang, Tony - 2013
The conditions under which profit sharing affects workplace productivity have never been fully understood. Using panel … productivity growth in Canadian establishments, and whether this relationship is affected by various contextual factors … adoption of a profit sharing program and subsequent productivity growth in both panels, but only among establishments that …
Persistent link: https://www.econbiz.de/10010229935
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Mutual monitoring in teams : theory and experimental evidence on the importance of reciprocity
Carpenter, Jeffrey P. (contributor);  … - 2006
Monitoring by peers is often an effective means of attenuating incentive problems. Most explanations of the efficacy of mutual monitoring rely either on small group size or on a version of the Folk theorem with repeated interactions which requires reasonably accurate public information...
Persistent link: https://www.econbiz.de/10003314674
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Shirking, standards and the probability of detection
Sessions, John G.; Skåtun, John Douglas F. - 2015
By relaxing the common efficiency wage assumption of exogenous shirking detection probabilities, we demonstrate how … standards and efficiency wages are related. In a more general setting where the probability of detection depends upon the …
Persistent link: https://www.econbiz.de/10010488287