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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? 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
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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


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e-pub ahead of print date: October 2003

Identifiers

Local EPrints ID: 33786
URI: https://eprints.soton.ac.uk/id/eprint/33786
PURE UUID: 77e669e1-4770-4d92-86c9-05fda0f39192
ORCID for Jan Podivinsky: ORCID iD orcid.org/0000-0002-4921-1189

Catalogue record

Date deposited: 18 May 2006
Last modified: 24 May 2019 00:40

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