Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of equity contracts since risky but high returns are of relatively more value for a loan-financed firm. Conversely, authors who focus explicitly on start-up finance predict that...

This study examines effects of structurally anchored organisational democracy on perceived sociomoral atmosphere and on employees' prosocial, democratic behavioural orientations. Data result from the ODEM research project. Beside a description of the concept of sociomoral atmosphere, within this...

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...

Konzepte der Wirtschaftsdemokratie wurden in Deutschland in den 1920er Jahren intensiv, vor allem von Gewerkschaftern und einigen Sozialwissenschaftlern diskutiert. Diese Konzepte gingen auch in Rekonstruktionsperiode in Westdeutschland nach dem 2. Weltkrieg ein. Dieser Artikel betrachtet eine...