Why is labour-managed firm entry so rare? An analysis of UK manufacturing data
Why is labour-managed firm entry so rare? An analysis of UK manufacturing data
Why are there so few labour-managed entrants in market economies? We address this question by analysing a panel of labour-managed entrants into UK manufacturing industries. Using Poisson and negative binomial random effects models, 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
labour-managed firms, entry, count data
177-192
Podivinsky, Jan
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
2007
Podivinsky, Jan
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Podivinsky, Jan and Stewart, Geoff
(2007)
Why is labour-managed firm entry so rare? An analysis of UK manufacturing data.
Journal of Economic Behavior & Organization, 63 (1), .
(doi:10.1016/j.jebo.2006.02.001).
Abstract
Why are there so few labour-managed entrants in market economies? We address this question by analysing a panel of labour-managed entrants into UK manufacturing industries. Using Poisson and negative binomial random effects models, 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
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Published date: 2007
Keywords:
labour-managed firms, entry, count data
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Local EPrints ID: 34793
URI: http://eprints.soton.ac.uk/id/eprint/34793
ISSN: 0167-2681
PURE UUID: 1ee30409-b5ff-4584-97b5-8ed604d3b049
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Date deposited: 18 May 2006
Last modified: 16 Mar 2024 02:33
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Author:
Geoff Stewart
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