We study the impact of employer's opportunism on wage rigidity in capitalist companies by arguing that the need to fix wages is crucially influenced by the asymmetric distribution of decision-making power and information in favor of the stronger contractual party — the employer, and against...

We argue that in a capitalist enterprise the need to fix wages is crucially influenced by the asymmetric distribution of decision-making power, which can entail the use of private information and authority in favour of the strongest contractual party (the employer), and against the weaker...

This paper considers a two-production-period model in which a state-owned firm competes against a labour-managed firm. In the first production period, the state-owned and labour-managed firms simultaneously and independently choose outputs. The chosen outputs become common knowledge and then, in...

This paper considers mixed Cournot duopoly competition with two production periods in which labour-managed and profit-maximizing firms compete against each other. The paper demonstrates that there exists a subgame perfect Nash equilibrium that coincides with the Stackelberg outcome in which the...

Im vorliegenden Band behandeln renommierte Autoren aus dem Bereich der Sozial- und Managementwissenschaften in deutsch- und englischsprachigen Beitraegen das Thema der Partizipation in Organisationen in gleichermassen konzeptueller wie empirischer Sicht. Waehrend sich die eher konzeptuell...

Im Rahmen von Mitarbeiterbeteiligungen bieten Genussrechte und stille Beteiligungen eine verbreitete Möglichkeit, die Vorteile aus Eigen- und Fremdfinanzierung miteinander zu kombinieren. Aus steuerlicher und finanzwirtschaftlicher Sicht stellt sich die Frage, unter welchen Bedingungen diese...

What enables some employee ownership firms to overcome the free rider problem andmotivate employees to improve performance? This study analyzes the role of humanresource policies in the performance of employee ownership companies, using employeesurvey data from 14 companies and a national sample...

Worker ownership is a growing phenomenon, but experts are divided as to its inherent rewards.

In this paper we use rich panel data for a representative sample of Estonian enterprises to analyse diverse issues related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine whether ownership changes are related to economic...