IDEAS home Printed from https://ideas.repec.org/a/sae/ecoind/v13y1992i3p359-399.html

The Choice of Ownership Structure

Author

Listed:
  • Niels Mygind

    (Copenhagen Business School)

Abstract

This paper outlines main considerations for the design of ownership structures. Different types of ownership are defined, and their efficiency is analysed under different technical, social and cultural conditions. The conditions favouring democratic ownership are identified, and the analysis shows the importance of correspondence between ownership structure and cultural values. A main conclusion is that the employees must participate in the process of selection of ownership structure. In the concluding section a model for democratic privatization is outlined to give an example of such a process. The model is especially relevant to the transformation in Eastern Europe, but the main principles can also be applied to Western economies.

Suggested Citation

  • Niels Mygind, 1992. "The Choice of Ownership Structure," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 13(3), pages 359-399, August.
    • Handle: RePEc:sae:ecoind:v:13:y:1992:i:3:p:359-399
    DOI: 10.1177/0143831X92133004
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0143831X92133004
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0143831X92133004?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
    ---><---

    References listed on IDEAS

    as
    1. Jones, D.C. & Svejnar, J., 1984. "Participation, profit sharing, worker ownership and efficieny in Italian producer cooperatives," LIDAM Discussion Papers CORE 1984019, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Amartya K. Sen, 1966. "Labour Allocation in a Cooperative Enterprise," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 33(4), pages 361-371.
    3. Jacques DEFOURNY, 1990. "Financial Equilibrium And Risk Aversion In French Workers' Cooperatives," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 61(2-3), pages 331-351, April.
    4. repec:bla:econom:v:48:y:1981:i:190:p:181-94 is not listed on IDEAS
    5. Alberto ZEVI, 1990. "The Financing Of Cooperatives In Italy," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 61(2-3), pages 353-365, April.
    6. Keith JEFFERIS & Nigel MASON, 1990. "THE FINANCING OF WORKER CO-OPERATIVES IN THE UK Evidence and implications," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 61(2-3), pages 213-244, April.
    7. Niels MYGIND, 1990. "The Financing Of Self-Managed Firms In Denmark," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 61(2-3), pages 287-308, April.
    8. Defourney, Jacques & Estrin, Saul & Jones, Derek C., 1985. "The effects of workers' participation on enterprise performance : Empirical evidence from French cooperatives," International Journal of Industrial Organization, Elsevier, vol. 3(2), pages 197-217, June.
    9. I Grosfeld & P Hare, 1991. "Privatization in Hungary," CEP Discussion Papers dp0031, Centre for Economic Performance, LSE.
    10. Ben-Ner, Avner, 1988. "Comparative empirical observations on worker-owned and capitalist firms," International Journal of Industrial Organization, Elsevier, vol. 6(1), pages 7-31, March.
    11. Svejnar, Jan, 1982. "On the theory of a participatory firm," Journal of Economic Theory, Elsevier, vol. 27(2), pages 313-330, August.
    12. Grosfeld, I. & Hare, P., 1991. "Privatization in Hungary, Poland and Czechoslovakia," DELTA Working Papers 91-15, DELTA (Ecole normale supérieure).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Benjamin Faigen & Niels Mygind & Throstur Olaf Sigurjonsson & Audur Arna Arnardottir, 2021. "Three dimensions of employees acquiring shares in their firms: Personal characteristics, motives and type of ownership," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 42(3), pages 737-765, August.
    2. Niels Mygind & Charles P. Rock, 1993. "Financial Participation and the Democratization of Work," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 14(2), pages 163-183, May.
    3. Anthony Jensen, 2011. "Saving companies worth saving: Spain pioneers a sustainable model of democratic corporate governance," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 32(4), pages 697-720, November.
    4. Lars Engberg, 1993. "Financing Employee-managed Firms: Some Problems of a Wider Extension," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 14(2), pages 277-300, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. MARINI, Marco, 1996. "Property Rights and Market : Employee Privatization as a Cooperative Bargaining Process," LIDAM Discussion Papers CORE 1996023, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. R. Daviddi, 1994. "Privatisation in the transition to a market economy," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 399-429.
    3. Vontalge, Alan L., 1991. "A feasibility study of swine producer management cooperatives," ISU General Staff Papers 1991010108000018168, Iowa State University, Department of Economics.
    4. Karp, Larry & Stefanou, Spiro, 1991. "Polish Agriculture in Transition: Does it Hurt to be Slapped by an Invisible Hand?," CUDARE Working Papers 198594, University of California, Berkeley, Department of Agricultural and Resource Economics.
    5. Paul G. Hare, 1991. "Hungary: In Transition to a Market Economy," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 195-201, Fall.
    6. Douglas L. Kruse, 1993. "Does Profit Sharing Affect Productivity?," NBER Working Papers 4542, National Bureau of Economic Research, Inc.
    7. Gregory K. DOW, 2018. "The Theory Of The Labor-Managed Firm: Past, Present, And Future," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(1), pages 65-86, March.
    8. W Z Michalak, 1993. "Foreign Direct Investment and Joint Ventures in East-Central Europe: A Geographical Perspective," Environment and Planning A, , vol. 25(11), pages 1573-1591, November.
    9. Chris (hristos) Doucouliagos & Patrice Laroche & Douglas L Kruse & T.D. Stanley, 2018. "Where does profit sharing work best? A meta-analysis on the role of unions, culture and values," Post-Print hal-02976899, HAL.
    10. Gorm Winther & Richard Marens, 1997. "Participatory Democracy May Go a Long Way: Comparative Growth Performance of Employee Ownership Firms in New York and Washington States," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 18(3), pages 393-422, August.
    11. Gács, János & Karimov, Il'dar & Schneider, Christoph, 1992. "Small Scale Privatization in Eastern Europe and Russia from a Historical and Comparative Perspective," MPRA Paper 60799, University Library of Munich, Germany.
    12. R. Daviddi, 1994. "Privatisation in the transition to a market economy," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 399-429.
    13. repec:bla:annpce:v:89:y:2018:i:1:p:65-86 is not listed on IDEAS
    14. Olivier LECLERCQ, 1996. "Les Entreprises Publiques Dans Le Processus De Transition En Europe Del' Est," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 67(2), pages 235-266, June.
    15. Igor Filatotchev & Trevor Buck & Mike Wright, 1992. "Privatisation and Entrepreneurship in the Break-up of the USSR," The World Economy, Wiley Blackwell, vol. 15(4), pages 505-524, July.
    16. Tardos, Márton, 1998. "Sikeres-e a privatizáció?. Magyarországi tapasztalatok (1990-1997) [Has privatization been successful?. Hungarian experiences 1990-1997]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 317-332.
    17. Simon Johnson, 1994. "Private Business in Eastern Europe," NBER Chapters, in: The Transition in Eastern Europe, Volume 2, Restructuring, pages 245-292, National Bureau of Economic Research, Inc.
    18. Swati Basu & Saul Estrin & Jan Svejnar, 2005. "Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe," ILR Review, Cornell University, ILR School, vol. 58(3), pages 353-369, April.
    19. Ermanno Tortia, 2014. "L'impresa come bene comune," AICCON Working Papers 131-2013, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    20. Uwe JIRJAHN & Stephen C. SMITH, 2018. "Nonunion Employee Representation: Theory And The German Experience With Mandated Works Councils," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(1), pages 201-233, March.
    21. Dean, Andrés, 2019. "Do successful worker-managed firms degenerate?," Journal of Comparative Economics, Elsevier, vol. 47(2), pages 317-329.

    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:sae:ecoind:v:13:y:1992:i:3:p:359-399. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: http://www.ekhist.uu.se/english.htm .

    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.