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Contemporary Projections of the Participation of the Personnel in the Ownership, Management and Financial Results of the Enterprises

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  • Pavlinka Ileva-Naidenova
  • Spartak Keremidchiev

Abstract

The paper outlines the system connections of the participation of the personnel with the theory of corporate governance. It creates a base for applying the instruments of this theory in analytical and empirical studies in this area. It generalizes the results of actual international studies and determines the different forms of participation in the EU member countries. The study compares the differences in determining the forms of participation in the old and new EU member countries. It forms the reasons for the failure of the attempts for introducing the elements of the workers’ self-management in the administrative system in Bulgaria. The paper identifies the first attempts for establishing forms of participation of the personnel in private Bulgarian enterprises. It determines the directions of development of these forms and makes suggestions for improving the policy.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2012)
Issue (Month): 1 ()
Pages: 126-170

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Handle: RePEc:bas:econst:y:2012:i:1:p:126-170

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  1. Zingales, Luigi, 1998. "Corporate Governance," CEPR Discussion Papers 1806, C.E.P.R. Discussion Papers.
  2. Raghuram G. Rajan & Luigi Zingales, . "Power in a Theory of the Firm," CRSP working papers 335, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
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