On the choice between capitalist and labour-managed production: evidence from a panel of entrants into UK manufacturing industries
On the choice between capitalist and labour-managed production: evidence from a panel of entrants into UK manufacturing industries
Empirical evidence suggests that labour-managed firms (LMFs) are relatively rare in market economies not because they are unable to survive as long as their capitalist firm (CF) counterparts, but rather because they are created much less frequently. In the chapter we use event count models applied to panel data on UK manufacturing to provide a direct comparison of the entry process of CFs and LMFs. Our main finding is that risk and capital requirements constitute greater entry barriers for LMFs than for CFs.
77-95
Podivinsky, Jan M.
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
2012
Podivinsky, Jan M.
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Podivinsky, Jan M. and Stewart, Geoff
(2012)
On the choice between capitalist and labour-managed production: evidence from a panel of entrants into UK manufacturing industries.
Advances in the Economic Analysis of Participatory and Labor-Managed Firms, 13, .
(doi:10.1108/S0885-3339(2012)0000013008).
Abstract
Empirical evidence suggests that labour-managed firms (LMFs) are relatively rare in market economies not because they are unable to survive as long as their capitalist firm (CF) counterparts, but rather because they are created much less frequently. In the chapter we use event count models applied to panel data on UK manufacturing to provide a direct comparison of the entry process of CFs and LMFs. Our main finding is that risk and capital requirements constitute greater entry barriers for LMFs than for CFs.
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Published date: 2012
Organisations:
Economics
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Local EPrints ID: 337596
URI: http://eprints.soton.ac.uk/id/eprint/337596
ISSN: 0885-3339
PURE UUID: 877928ec-4165-4e8d-9e29-66a11793492d
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Date deposited: 30 Apr 2012 12:57
Last modified: 15 Mar 2024 02:34
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Author:
Geoff Stewart
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