IDEAS home Printed from https://ideas.repec.org/a/taf/ujbmxx/v52y2014i4p808-828.html
   My bibliography  Save this article

Managerial Performance Differences between Labor‐Owned and Participatory Capitalist Firms

Author

Listed:
  • Francisco Arcelus
  • Zuray Melgarejo
  • Katrin Simón

Abstract

This paper tests for differences in the managerial performance of micro and small firms, classified by capital‐ownership configuration, be they labor‐owned or participatory capitalist firms. Measures of managerial performance comprise indices of economic performance, profitability, financial structure, worker remuneration, and solvency. Explanators of these differences include the age of the firm, its economic sector of operations, its capital‐ownership configuration and an ordinal measure of strategic risk. The evidence rejects ibrat's law of proportional effects, in favor of the life cycle hypothesis. It also leads to inconclusive short‐term effects and to a nondifferential role of the type of key capital‐ownership configuration in a firm's long‐term prospects.

Suggested Citation

  • Francisco Arcelus & Zuray Melgarejo & Katrin Simón, 2014. "Managerial Performance Differences between Labor‐Owned and Participatory Capitalist Firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 52(4), pages 808-828, October.
    • Handle: RePEc:taf:ujbmxx:v:52:y:2014:i:4:p:808-828
    DOI: 10.1111/jsbm.12056
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/jsbm.12056
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1111/jsbm.12056?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ujbmxx:v:52:y:2014:i:4:p:808-828. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ujbm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.