Why are labour-managed firms so rare? An analysis of entry using UK panel data
Why are labour-managed firms so rare? An analysis of entry using UK panel data
Why are labour-managed firms so rare in market economies? We address this question by analysing the determinants of entry. A negative binomial random effects model is used to examine a panel of UK entry data. Our main finding is a significant negative relationship between entry counts and both the capital-labour ratio and the variance of profits. This is consistent with long-standing theoretical arguments that labour-managed firms face problems in raising capital and spreading risk
University of Southampton
Podivinsky, Jan
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Podivinsky, Jan
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Podivinsky, Jan and Stewart, Geoff
(2003)
Why are labour-managed firms so rare? An analysis of entry using UK panel data
(The Discussion Papers in Economics and Econometrics, 402)
University of Southampton
Record type:
Monograph
(Discussion Paper)
Abstract
Why are labour-managed firms so rare in market economies? We address this question by analysing the determinants of entry. A negative binomial random effects model is used to examine a panel of UK entry data. Our main finding is a significant negative relationship between entry counts and both the capital-labour ratio and the variance of profits. This is consistent with long-standing theoretical arguments that labour-managed firms face problems in raising capital and spreading risk
This record has no associated files available for download.
More information
e-pub ahead of print date: October 2003
Identifiers
Local EPrints ID: 33786
URI: http://eprints.soton.ac.uk/id/eprint/33786
PURE UUID: 77e669e1-4770-4d92-86c9-05fda0f39192
Catalogue record
Date deposited: 18 May 2006
Last modified: 12 Dec 2021 02:32
Export record
Contributors
Author:
Geoff Stewart
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics
