The purpose of this paper is to assess whether financial performance differences between labour-managed (LOFs) and mercantile (PCFs) firms are due to differences in their capital-ownership configuration or to the particular measurement indexes commonly used to quantify performance. The empirical...

Purpose – The purpose of this paper is to test whether performance differences between labour-managed (LOFs) and mercantile (PCFs) firms are due to the measures used in the comparison, rather than to their distinct capital-ownership configurations. Design/methodology/approach – Tests for the...

This paper presents a critical evaluation of the economic survival of labour-managed firms (LMF) compared to that of conventional companies, paying particular attention to their different forms of capital ownership. There are many arguments both ways; some argue that LMFs enjoy a higher...