This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

The Behavior of Worker Cooperatives: The Plywood Companies of the Pacific Northwest

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Craig, Ben
Pencavel, John
Abstract

Using data collected by the authors on the largest and most durable of worker-owned firms in U.S. manufacturing, this paper is addressed to two questions. First, are the responses of cooperatives to changes in their economic environment different from those of conventional firms? It appears that cooperatives are more inclined to adjust pay than employment. Second, how profitable has membership in the cooperatives been? Using information on share prices, the authors find membership to have been extremely profitable and, in this sense, the prices of co-ops' shares have been underpriced. The riskiness of cooperative memberships is discussed. Copyright 1992 by American Economic Association.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://links.jstor.org/sici?sici=0002-8282%28199212%2982%3A5%3C1083%3ATBOWCT%3E2.0.CO%3B2-I&origin=repec
File Format: application/pdf
File Function: full text
Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 82 (1992)
Issue (Month): 5 (December)
Pages: 1083-105
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:aea:aecrev:v:82:y:1992:i:5:p:1083-105

Contact details of provider:
Email:
Web page: http://www.aeaweb.org/aer/
More information through EDIRC

Order Information:
Web: http://www.aeaweb.org/subscribe.html

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gary Gorton & Frank Schmid, 2000. "Class Struggle Inside the Firm: A Study of German Codetermination," NBER Working Papers 7945, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Michele Moretto & Gianpaolo Rossini, 2008. "Are Workers Enterprises Entry Policies Conventional?," "Marco Fanno" Working Papers 0066, Dipartimento di Scienze Economiche "Marco Fanno". [Downloadable!]
  3. Chong-en Bai & Chenggang Xu, 1995. "Does Employee Ownership Improve Incentives for Efforts," Boston College Working Papers in Economics 303., Boston College Department of Economics. [Downloadable!]
  4. Douglas Kruse & Richard Freeman & Joseph Blasi & Robert Buchele & Adria Scharf, 2003. "Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance," NBER Working Papers 10177, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. Douglas Kruse & Joseph Blasi, 1995. "Employee Ownership, Employee Attitudes, and Firm Performance," NBER Working Papers 5277, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Martin D. Heintzelman & Stephen W. Salant & Stephan Schott, 2005. "Partnerships: A Potential Solution to the Common-Property Problem but a Problem for a Antitrust Authorities," Levine's Working Paper Archive 784828000000000040, UCLA Department of Economics. [Downloadable!]
  7. Gregory K. Dow, 2000. "Allocating Control Over Firms: Stock Markets Versus Membership Markets," Discussion Papers dp00-03, Department of Economics, Simon Fraser University, revised Feb 2000. [Downloadable!]
    Other versions:
  8. Oliver Hart & John Moore, 1998. "Cooperatives vs. Outside Ownership," NBER Working Papers 6421, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  9. Gary Gorton & Frank Schmid, 2002. "Class struggle inside the firm: a study of German codetermination," Working Papers 2000-025, Federal Reserve Bank of St. Louis. [Downloadable!]
  10. Michael Kremer, 1997. "Why are Worker Cooperatives So Rare?," NBER Working Papers 6118, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  11. Fiona M. Scott Morton & Joel M. Podolny, 1998. "Love or Money? The Effects of Owner Motivation in the California Wine Industry," NBER Working Papers 6743, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Louis Putterman, 2006. "Labor-Managed Firms," Working Papers 2006-18, Brown University, Department of Economics. [Downloadable!]
Statistics
Access and download statistics

Did you know? You can use IDEAS to provide links to papers and articles in your course syllabus.

This page was last updated on 2008-9-19.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.