Revisiting the objectives of worker-managed firms: An empirical assessment

Burdín, Gabriel; Dean, Andrés

doi:10.1016/j.ecosys.2011.06.003

Cited by 39 publications

(27 citation statements)

References 26 publications

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“…As recognised by Burdín [19], the most appropriate definition of the goals pursued by cooperative firms is still a controversial issue. The results of this research support the idea that worker-managed firms pursue mixed objectives, placing importance on both employment and income per worker.…”

Section: Literature Reviewmentioning

confidence: 99%

Cooperative Entrepreneurship Model for Sustainable Development

2020

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The main objective of this research is to contribute to the economic literature on cooperative entrepreneurship as a model for sustainable development, taking into account the special alignment of the cooperative principles (ICA) with the UN Sustainable Development Goals (SDGs). It offers new empirical evidence from Spain, based on Stakeholder Theory, about the differences between cooperatives (Coops) and Capitalist Firms (CFs) in relation to the distribution of economic value between the different stakeholders. For this purpose, panel data was analysed using the Correlated Random Effects approach. The results reveal that cooperative firms generate value for some of the stakeholders analysed, specifically for their partners and creditors, but no significant differences have been found with CFs in terms of workers and the state. In both cases, it can be inferred that the period analysed has influenced the results, since it has been found that, first, cooperatives adjust wages downward rather than dismiss workers during a recession, which is in line with previous research, and second, that their tax contribution to the state is lower because they are subject to a more favourable tax system in Spain.

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Section: Literature Reviewmentioning

confidence: 99%

Cooperative Entrepreneurship Model for Sustainable Development

2020

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“…Because employment varied little in the plywood co-ops, this generalization is not pursued here. If a co-op's preferences were extended to cover employment, the approach used by Burdín and Dean (2012) might be fruitful. allocated: they were distributed among workers according to their hours of work.…”

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confidence: 99%

The labor supply of self-employed workers: The choice of working hours in worker co-ops

Pencavel

2015

Journal of Comparative Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.IZA Discussion Paper No. 8561 October 2014 ABSTRACTThe Labor Supply of Self-Employed Workers: The Choice of Working Hours in Worker Co-ops * Workers in cooperatives are self-employed workers and, if they resemble employees in conventional workplaces, they care about the length of their working hours. In this paper, their choice of hours is characterized as a conventional labor supply decision and a familiar hours-wage relationship is derived. This is estimated using mill-year observations on the plywood co-ops in the Pacific Northwest. The results are compared with those from the work behavior of other self-employed workers and with working hours in capitalist plywood mills. JEL Classification:J22, J54

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“…By comparing the reactions to output demand shocks among PMFs and WFs, these studies conclude that there is no perverse supply effect in the behaviour of WFs. This conclusion is shared by: Burdin and Dean (, ) looking at the Uruguay's economy; Craig and Pencavel (, ) as for the plywood industry of the US Pacific Northwest; Pencavel et al () as for the Italian economy in the period 1982–94. Moreover, these papers all show that facing demand shocks, conventional firms tend to adjust their employment levels, whereas co‐ops tend to adjust pay (at least to members) so that in the latter ones the employment levels turn out to more stable than in the former ones.…”

Section: Workers’ Firms and Mixed Oligopoliesmentioning

confidence: 94%

Cooperative Firms and the Crisis: Evidence From Some Italian Mixed Oligopolies

Delbono

Reggiani

2013

Annals of Public and Cooperative Economics

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We investigate how cooperative firms reacted to the current crisis. This allows us to compare the behavior of cooperative and conventional firms facing exogenous shifts in demand. After a short survey of a stream of theoretical literature, we analyze a large group of Italian production cooperatives in the periods 2003-2010 and 1994-2011 and we contrast co-ops behavior with the overall trend in the industries in which they operate. Our sample's evidence suggests that the cooperative's behavior has a stabilizing effect on employment with respect to shocks in output demand. Unlike profit-maximizers, cooperative firms seem to be adjusting pay more than employment when facing shocks. Production co-ops look better equipped than their profitmaximizing counterparts in tackling the long recession also because they have been very cautious in their profit policies over time. Unlike conventional firms, they have significantly increased their own equity during "good" years instead of distributing large dividends to their members. We are grateful to

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Revisiting the objectives of worker-managed firms: An empirical assessment

Cited by 39 publications

References 26 publications

Cooperative Entrepreneurship Model for Sustainable Development

Cooperative Entrepreneurship Model for Sustainable Development

The labor supply of self-employed workers: The choice of working hours in worker co-ops

Cooperative Firms and the Crisis: Evidence From Some Italian Mixed Oligopolies

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