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Labour Managed Firms in Spain


  • Alfonso Carlos Morales Gutiérrez

    () (ETEA - Universidad de Córdoba)

  • Sonia Martín López


  • Gustavo Lejarriaga Pérez de las Vacas

    () (Universidad Complutense de Madrid)


There are at least two types of companies: conventional capitalist companies or Profit Maximizing Firms (PMFs) and, on the other hand, companies managed by their workforce or Labour-Managed Firms (LMFs). The entrepreneurial structures in Spain which include this second type are worker cooperatives (cooperativas de trabajo asociado) and public or limited liability worker-owned companies (sociedades laborales). This paper describes how this type of company has evolved using a set of indicators and offers a closer look at some of the reasons which explain the current difficult situation which, as will be shown, can be considered as critical in the case of cooperatives.

Suggested Citation

  • Alfonso Carlos Morales Gutiérrez & Sonia Martín López & Gustavo Lejarriaga Pérez de las Vacas, 2008. "Labour Managed Firms in Spain," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 62, pages 61-85, October.
  • Handle: RePEc:cic:revcir:y:2008:i:62:p:61-85

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    References listed on IDEAS

    1. Francisco Javier Pérez Sanz & Ana Gargallo Castel, 2005. "Gestión, desarrollo y aplicación de la responsabilidad social en entidades de economía social: el caso de las cooperativas," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 53, pages 305-332, November.
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    Cited by:

    1. Paul Walker, 2016. "Simple Models of a Human-Capital-Based Firm: a Reference Point Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(1), pages 219-247, March.

    More about this item


    Labour-Managed Firms; worker cooperatives; worker-owned companies; employment.;

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises


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