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The publication Privatization without Capital consists of three studies linked by an institutional view on selected … liberalization stabilization and privatization policies in transition countries. The evolution of thoughts within the mainstream neo …-classical economics is confronted with the new institutional analysis and the problems of the Czech way of privatization are seen in the …
Persistent link: https://www.econbiz.de/10005808660
Using the NBER Shared Capitalism Database comprised of over 40,000 employee surveys from 14 firms, we investigate worker attitudes towards employee ownership, profit sharing, and variable pay. Specifically, our study uses detailed survey questions on preferences over profit sharing, forms of...
Persistent link: https://www.econbiz.de/10010902473
The idea that profit sharing increases employment has been widely tested, but the theoretical basis for the claim is weak and the empirical results are ambiguous. This paper shows that employee stock ownership based on individually-held stakes avoids the problems of traditional profit sharing....
Persistent link: https://www.econbiz.de/10005795958
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During the transition from a centrally planned economy to a market economy, many countries seem to have experienced some degree of macroeconomic instability. This paper attempts to provide a theoretical explanation of this phenomenon. The paper develops a simple monetary model and shows how...
Persistent link: https://www.econbiz.de/10005605137
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Persistent link: https://www.econbiz.de/10004998674
Introducing employee participation in a company can be expected to change the power relations and the power processes within the organization. This is particularly true when the majority ownership of a company moves into the hand of its employees. Drawing on three case studies of East German...
Persistent link: https://www.econbiz.de/10005771418