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Finance, Property Rights and Productivity in Italian Cooperatives

George, Donald A. R. - 2020

Standard economic theory predicts that the accumulation of capital by means of indivisible reserves would lead to underinvestment and undercapitalization due to the truncated temporal horizon of worker-members in cooperatives (the so-called “Furubotn-Pejovich effect”). An inefficiently low...

Persistent link: https://www.econbiz.de/10012837609

Government Equity Investments in Coronavirus Bailouts : Why, How, When?

Megginson, William L. - 2020

should be imposed; (3) be temporary and preferably self-liquidating through open-market sales or redemptions; (4) provide …

Persistent link: https://www.econbiz.de/10012838711

Are Workers' Enterprises Entry Policies Conventional

Moretto, Michele - 2007

One of the main reasons why workers' enterprises (WE) still represent a relevant chunk of the economy may lie in some affinities with conventional profit maximizing firms. To prove this, we compare the entry policies of WEs and conventional firms when they can decide size at entry while having...

Persistent link: https://www.econbiz.de/10012730273

Employee Share Ownership Plans : Evaluating the Role of Tax and Other Factors Using Two Case Studies

Ramsay, Ian - 2006

Employee share ownership (ESO) has been the subject of significant public policy debate. In these debates, ESO plans are usually said to be implemented for a variety of reasons including alignment of employer and employee interests, increased employee productivity, improved workplace harmony,...

Persistent link: https://www.econbiz.de/10012733248

Start-Up Entry Strategies : Employer vs. Nonemployer Firms

Moretto, Michele - 2006

effect that this has on the reactions to market uncertainty. However, the set of internal organizations of firms is larger … interpret them. According to recent literature, firms carry out an irreversible investment, such as entry, only if market prices … because they react in diverse fashions to market price volatility. In this sense we are able to show that, in most cases, the …

Persistent link: https://www.econbiz.de/10012735330

Self-Employment Longitudinal Dynamics : A Review of the Literature

Georgellis, Yannis - 2008

, and social capital, intergenerational effects, and labour market hardships …

Persistent link: https://www.econbiz.de/10012773807

The Teamsters Rocky Road to Recovery - The Demise of Project Rise

Alford, Ryan - 2008

The 1998 government-initiated civil-RICO suit and court-enforced agreement to purge the International Brotherhood of Teamsters (IBT) of organized crime's presence and influence will stand as an important chapter in America's labor history as well as law enforcement history. The remedial phase,...

Persistent link: https://www.econbiz.de/10012773823

Wages, Employment, and Capital in Capitalist and Worker-Owned Firms

Pencavel, John H. - 2006

matched employer-worker panel data set from Italy, the market economy with the greatest incidence of worker-owned and worker …

Persistent link: https://www.econbiz.de/10012779733

Mutual Monitoring in Teams : Theory and Experimental Evidence on the Importance of Reciprocity

Carpenter, Jeffrey P. - 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/10012780204

Performance Pay and the Erosion of Worker Cooperation : Field Experimental Evidence

Burks, Stephen V. - 2006

We report the results of a field experiment with bicycle messengers in Switzerland and the United States. Messenger work is individualized enough that firms can choose to condition pay on it, but significant externalities in messenger behavior nonetheless give their on-the-job interactions the...

Persistent link: https://www.econbiz.de/10012780543